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Module-2-PPT_GE11

The document outlines the entrepreneurial journey, emphasizing the unique paths individuals take towards entrepreneurship and the steps involved, from inspiration to launching a business. It also discusses the evolution of entrepreneurship in the Philippines, highlighting the significance of small and medium enterprises (SMEs) and their contributions to the economy. Additionally, it presents the entrepreneurial process, including the life cycle of ventures and the various opportunities available for aspiring entrepreneurs.

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Shara Mae Samelo
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16 views

Module-2-PPT_GE11

The document outlines the entrepreneurial journey, emphasizing the unique paths individuals take towards entrepreneurship and the steps involved, from inspiration to launching a business. It also discusses the evolution of entrepreneurship in the Philippines, highlighting the significance of small and medium enterprises (SMEs) and their contributions to the economy. Additionally, it presents the entrepreneurial process, including the life cycle of ventures and the various opportunities available for aspiring entrepreneurs.

Uploaded by

Shara Mae Samelo
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Module 2.

The
Entrepreneurial
Journey and
Pathways

GE 11 – The Entrepreneurial
Mind
Learning Objectives:

 Explain the entrepreneurial journey to explore and discover


entrepreneurship as a career choice
 Identify the steps, decisions, and actions involved in the
entrepreneurial journey
 Recognize the rewards and risks of the steps in the entrepreneurial
journey
 Understand the nine stages of the entrepreneurial life cycle
 Understand how venture opportunities present different pathways
to entrepreneurship
 Describe methods for finding your personal path to
entrepreneurship
 Define an action plan and identify tools available for creating an
action plan

What do you plan
to do with your
life after
graduating from
school?
Starting Your Entrepreneurial
Journey
How do you fit into this entrepreneurial journey?

Entrepreneurial Venture means any type of new business,


organization, project, or operation of interest that includes a
level of risk in acting on an opportunity that has not previously
been established. For
The
Entrepreneurial
Journey as a Trip

The entrepreneurial journey is


your exploration to discover if
entrepreneurship is right for you.
Every entrepreneurial journey is
unique; no two individuals will
experience it in the same way.
Entrepreneurial Journey
Step 1: Inspiration – What is your motivation for becoming
an entrepreneur?
Step 2: Preparation – Do you have what it takes to be an
entrepreneur?
Step 3: Assessment – What is the idea you plan to offer
through your venture?
Step 4: Exploring Resources – What resources and
characteristics do you need to make this venture work?
Step 5: Business Plan – What type of business structure and
business model will your venture have?
Step 6: Navigation – In what direction will you take your
venture? Where will you go for guidance?
Step 1:
Inspiration
Step 2:
Preparation
Step 3:
Assessment
Step 4: Exploring
Resources
Step 5: Business
Plan
Step 6: Navigation
Step 7:
Launch
EVOLUTION OF ENTREPRENEURSHIP IN THE PHILIPPINES

• Entrepreneurship has existed in the Philippines.


• They started business transactions through the barter
system – goods and services were means of
exchanges.
• The small and medium enterprises (SMEs) became the
embodiment of entrepreneurship in the country.
• The SME development regulatory framework and
policies started in 1935 when the 1935 Philippine
Constitution first recorded the national commitment to
economic success through industrial and technological
Cont.

• The SME sector was given emphasis in the Philippine


Development Plan (1972-1976).

• 1987 Philippine Constitution – reinforced the commitment for


the development of the private sector and provided for a wide
range og government reforms and reorganizations.

• Magna Carta for Small Enterprises is the landmark


legislation which reflects the current government policy to foster
a dynamic SME sector, particularly rural and agricultural-based
manufacturing ventures.

• Republic Act 7882, the Act Providing Assistance to


Women –special role of women in development and supports
women entrepreneurs who are engaged in the manufacturing,
CONTRIBUTIONS OF ENTREPRENEURSHIP TO THE ECONOMY

1.Creates employment. They employ people who possess different


competencies and personal values to help them operate the
enterprise.
2.Develop new markets. They seek for new buyers of their product.
3.Introduces innovation.
4.Generates new sources of materials. Entrepreneurs are always in
constant search for better and cheaper sources of materials.
5.Stimulates investment interest in the new business ventures being
created.
6.Improves the quality of life. The new products contribute to the
increase in the personal benefit and convenience of people in society.
7.Serves as role model. Entrepreneurs are people to be emulated by
younger generations in the community.
8.Brings social benefits to the people.
9.Utilizes and mobilizes indigenous resources
The Entrepreneurial Process

Entrepreneurial Process, or the set of


decisions and actions that you might
follow
The Entrepreneurial Process: Venture Life Cycle and Product
Life Cycle

This image displays the phases that a new venture moves through as the idea is developed then created as a prototype.
The prototype is then perfected in preparation for stage 4, when sales are generated.
Growth occurs through an increase in sales of the product.
At this point, in the product life cycle, adding features or enhancements to the product will encourage increasing sales.
This image demonstrates the phases a business moves through from origination through the death of
the business. The yellow line represents sales, or success of the business’s products. We see the most
sales dollars in the growth and maturity phases. At this point, the owner or entrepreneurial team must
make decisions for the rebirth of the business, at which time the business returns to the growth phase.
The life cycle of a venture roughly parallels the life cycle of a person through different stages that span pre-birth
through infancy, youth, maturity, retirement, and then an end or a restart. However, unlike in the human life cycle, the
venture stages do not have to be static or sequential.
Opportunities and Options
A situational opportunity is one that becomes available, depending
on factors such as where you work, your family obligations, your idea or
invention, your unique creative expression, or a recent career search or
job change. The
As you plan your venture, you should consider opportunities in
these areas:

• On the Job
• Family Obligations
• Franchises
• Web-Based Venture
• Work for Hire, or Independent Contractor
• Unemployment
• Purchase
• Frustration
• Serendipity
Selecting a Framework
Four Lenses Strategic Framework
Thank you!

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