Module 1_Overview of Entrepreneurship.pptx

Entrepreneurship Module 1 Lesson 1

1. ENTREPRENEURSHIP Let's Talk About Presentation by Maria Laarnie D. Mori Lesson 1 and 2

2. INTRODUCTION KEY COMPETENCIES IN ENTREPRENEURSHIP Presentation Outline

3. Introduction What is Entrepreneurship? It is the process of establishing a new business in a creative manner along with the ability to take risk, to make profit, and imbibe the “entrepreneurial spirit.”

4. Introduction What is Entrepreneurship? It is compelled by the entrepreneur, a person who creates the business and aggregates the resources efficiently and effectively to manage the business well.

5. Introduction What is Entrepreneurship? It is play an important role in the development of our economy to boost national income and tax revenue as well as bring new products and concepts to the marketplace.

6. Introduction What is Entrepreneurship? It is the process of designing, launching and running a new business, which is often initially a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit.

7. Important Factors to consider when starting a business The total amount of funds a business needs to achieve its goals, including founding, start-up, and investment expenses. Capital Requirements Profitability The primary goal of a business is to generate revenue by considiring the level of profit.

8. Important Factors to consider when starting a business They are the potential customers/clients which will help the business flourish once the business product and services meet their high demands Target Market Location A business can consider geographic segmentation, which targets customers based on location. Characteristics of buyers can vary by location and culture, so it's important to recognize these differences

9. Benefits of Entrepreneurship Entrepreneurship produces more jobs that equate to an increase in national income. Entrepreneurship improves people’s living standards. Entrepreneurship introduces new and innovative products and services. Entrepreneurship amplifies economic activities of different sectors of society.

10. Benefits of Entrepreneurship Entrepreneurship controls the local wealth and balances regional development. Entrepreneurship disperses the economic power and creates equality. Entrepreneurship reduces social conflicts and political unrest. Entrepreneurship elicits economic independence and capital formation.

11. Core competency Common competency Competency the ability for you to be competitive in the entrepreneurial world is the one that describes the KAS (knowledge, skills, and attitude) present in all entrepreneur.

12. OPPORTUNITY SEEKING. PERSISTENCE. COMMITMENT TO WORK CONTACT. DEMAND EFFICIENCY AND QUALITY. RISK TAKING. GOAL SETTING. INFORMATION SEEKING. SYSTEMATIC PLANNING AND MONITORING. PERSUASION AND NETWORKING. SELF-CONFIDENCE Common competency

13. LEADERS. COMMUNICATORS. SPECIALISTS. PROBLEM SOLVERS. Core competency