16 The job that best fits you will help you gain experience in the career, field, or industry where you want to launch your own business .
The Starting Point to Entrepreneurial Success Start to be on your own. Explore the business environment. Be in control. Have a good accountant or trusted financial adviser. Seek the advice of professionals. 17
Start to be on your own. Competencies For Entrepreneurial Success 18 18 Steps After planning, the entrepreneur will start to open his business using the capital he has. Example
Explore the business environment. Competencies For Entrepreneurial Success 19 19 Steps Evaluate the business plan using knowledge in SWOT analysis. Example
Be in control. Competencies For Entrepreneurial Success 20 20 Steps Be responsible for controlling not only all transactions but also people management. Example
Have a good accountant or financial adviser. Competencies For Entrepreneurial Success 21 21 Steps Hire an accountant or financial adviser who may help in transactions related to funds or money. Example
Seek the advice of professionals. Competencies For Entrepreneurial Success 22 22 Steps Seek advice from professionals to help prepare necessary documents like business permits, trade name registration, sanitary permits, etc. Example
23 What profile do successful entrepreneurs possess?
Profile of a Successful Entrepreneur Strong desire for independence Strong drive to succeed Strong determination in decision making Develops a feedback mechanism for results 24
Activity What are the tasks and challenges of the following jobs? marketing manager sales manager store manager production manager 25
Questions Part A. Explain the meaning of the following statements. The entrepreneur is a result-driven individual. The entrepreneur has a strong desire for independence. The entrepreneur develops a feedback mechanism for results. The entrepreneur has a strong drive to succeed. The entrepreneur has a strong determination for decision making. 26
Questions Part B. Why do entrepreneurs need to explore the business environment? Why is it important that entrepreneurs have a good and trusted accountant or financial adviser? Why do entrepreneurs have to seek advice from professionals? 27
28 Entrepreneurship can help the economy. Entrepreneurs pursue their mission to provide jobs and employment opportunities to Filipinos. The job that best fits you will help you gain experience in the field of career or industry where you want to launch your own business.
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Dollingner, Marc. Entrepreneurship: Strategies and Resources 3rd Edition . New Jersey: Prentice Hall, 2003. Doyle, Alison. “The best jobs for aspiring entrepreneurs.” The Balance Careers. Accessed March 14, 2020. https://www.thebalancecareers.com/best-jobs-for-aspiring-entrepreneurs-4160409 . Kotler, Philip & Gordon McDougall. Marketing Essentials. Prentice-Hall Canada Inc., 1985. Peters, Michael & Robert Hisrich. Entrepreneurship 4th Edition . McGraw-Hill Book Co., 1999. Shea, Peter. Start your own busines s. Entrepreneur Media Inc., 2010. 30