Entrepreneurship, Relevannce of Entrepreneurship

Lesson 1 of Entrepreneurship

1. ENTREPRENEURSHIP Lesson 1 Relevance Of Entrepreneurship

2. Learning objectives: 1. Define the terms entrepreneurship and entrepreneur . 2. Respond to questions asked . 3. Demonstrate interest on entrepreneurship in everyday life and to the society as a whole.

3. This is an act of creating a business or businesses while building and scaling it to generate a profit. It is an important driver of economic growth and innovation. What people do to take their career and dreams into their hands and lead it in the direction of their own choice. It is about building a life on your own terms. No bosses! NO restricting schedules! And no one holds you. - A person who sets up a business with the aim of making a profit and creating a new business, bearing most of the risks and enjoying most of the rewards. A innovators , a source of new ideas ,goods, services, and business/or procedures. Playing a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market ( Batalla 2011) What is Entrepreneurship? / An entrepreneur is. .

4. Understanding what an entrepreneur is can help more people recognize the value they contribute to the world. Entrepreneurs take the idea and execute it while entrepreneurship is about execution of ideas. Entrepreneurship in the Philippines ( Batalla , V. (2011) The notion of the entrepreneur is simply one who forms and manages business that is apparent in government programs. It attempts to develop small-scale industries. In the Philippines, many entrepreneurial development-training programs rest on such assumptions. But even without the presence of government support, the statistics for the past fifty years or so on the number of businesses were mostly in food processing, property development, and trade (including shopping malls). Note:

5. Importance of Entrepreneurship Relevance of Entrepreneurship to SHS students 1. Entrepreneurship generates new wealth in an economy. 2. Entrepreneurship decreases poverty. 3. It creates opportunities, ensures social justice, instills confidence and stimulates the economy. 4. Entrepreneurship improves productivity 5. Entrepreneurs create jobs. 6. Entrepreneurs innovate. 7. Entrepreneurs create innovation and social change 8. Entrepreneurs give to society 1.To prepare students for livelihood even before college. 2. Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and nurture unconventional talents and skills. 3. Entrepreneurship develops their initiative and helps them to be more creative and self-confident in whatever they undertake and to act in a socially responsible way. 4. It exposes students to numerous opportunities to learn how to think critically and analyze the pieces on the board. 5. Being aware of all the important factors and seeing how they affect each other is the foundation of a smart decision-making process. 6.Students have to be exposed to real-world examples and learn from their own experience. 7.Entrepreneurship education requires students to be innovative, creative and collaborative with others. 8. Entrepreneurship education provides budding entrepreneurs with the skills and knowledge to come up with business ideas and develop their own ventures .

6. Entrepreneurship Is a packaged business investment that allows the buyer to begin a business. (Technically, all franchises are business opportunities, but not all business opportunities are franchises.) Entrepreneur Entrepreneurship is an act of being an entrepreneur, or "the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits Innovation It refers to the group of people/consumers and organizations willing and has interest to buy goods. Market Costumer Opportunities Refers to the group of people/consumers and organizations willing and has interest to buy goods. Entrepreneur-a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk. Can refer to something new or to a change made to an existing product, idea, or field.

7. THANK YOU!