Scribd
Upload
3 views

Module 1 Entrepreneurship

The document provides an overview of entrepreneurship, detailing its definition, characteristics, types, importance, and steps to become an entrepreneur. It highlights various forms of entrepreneurship, including small business, scalable startups, large companies, and social entrepreneurship, along with examples from the Philippines. Additionally, it discusses the challenges entrepreneurs face and the resources available to support them in their journey.

Uploaded by

Nhel Abulog
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
3 views

Module 1 Entrepreneurship

The document provides an overview of entrepreneurship, detailing its definition, characteristics, types, importance, and steps to become an entrepreneur. It highlights various forms of entrepreneurship, including small business, scalable startups, large companies, and social entrepreneurship, along with examples from the Philippines. Additionally, it discusses the challenges entrepreneurs face and the resources available to support them in their journey.

Uploaded by

Nhel Abulog
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 20

PREPARED BY: RONEL O.

ABULOG
LPT
The process of starting, developing, and running a new
business to generate profit. It involves identifying a
business opportunity, mobilizing resources, and taking
risks to create and manage a new venture. This lesson
will cover various aspects of entrepreneurship, including
its definition, characteristics, types, importance, and
steps to become an entrepreneur.
Entrepreneurship is
the act of creating,
managing, and scaling up
a business venture to
make a profit. It involves
innovation, risk-taking,
and a willingness to adapt
to changing market
conditions.
Characteristics of Entrepreneurs
• Innovation: Ability to develop new ideas, products, or processes.
• Risk-taking: Willingness to take calculated risks to achieve business goals.
• Vision: Clear understanding of what they want to achieve and how to get
there.
• Resilience: Ability to overcome challenges and setbacks.
• Passion: Strong commitment and enthusiasm for their business.
• Adaptability: Ability to adjust to market changes and new information.
• Leadership: Skill in guiding and inspiring others.
Types of
Entrepreneurship
1. Small Business
Entrepreneurship:
Involves starting and running
a small business, such as a
local shop or service provider.
Example of Small Business
Entrepreneurship in the
Philippines
• Business Name: Gigil Pinas
• Founder: Ana Lopez
• Founded: 2015
• Location: Quezon City, Metro Manila,
Philippines
• Mission: To promote Filipino culture and
heritage through locally crafted merchandise,
providing quality products that celebrate the
uniqueness of the Philippines.
Types of
Entrepreneurship
2. Scalable
Startup
Entrepreneurship
: Focuses on creating a
business model that can
grow quickly and scale
up to a large market.
Example of Scalable Startup Entrepreneurship in
the Philippines

• Business Name: PayMaya


• Founders: Orlando B. Vea and Dindo C. Marzan
• Founded: 2007 (initially as Smart Money, rebranded as PayMaya in 2015)
• Mission: To accelerate financial inclusion in the Philippines by providing
accessible and convenient digital financial services to every Filipino.
• PayMaya has transformed the digital financial landscape in the Philippines by
providing accessible, convenient, and secure financial services. Its scalable
business model, driven by technology and innovation, has enabled rapid growth
and widespread adoption. By addressing the financial needs of the unbanked
and underbanked, PayMaya has made significant strides in promoting financial
inclusion and empowering Filipinos to participate in the digital economy.
Types of Entrepreneurship

3. Large Company
Entrepreneurship:
Involves innovating
within an established
company to develop
new products or
services.
Example of Large Company
Entrepreneurship in the Philippines
• Company Name: Jollibee Foods Corporation
• Founder: Tony Tan Caktiong
• Founded: 1978
• Mission: To serve great-tasting food and bring the joy of eating to everyone.
• Jollibee Foods Corporation started as a small ice cream parlor and has grown
into the largest fast-food chain in the Philippines and a significant player in the
global fast-food market. Tony Tan Caktiong's entrepreneurial vision and
dedication to delivering high-quality, culturally relevant food have driven
Jollibee's success. By leveraging a strong brand identity, innovative business
strategies, and a deep understanding of its customers, Jollibee exemplifies
large company entrepreneurship and continues to expand its footprint
worldwide while maintaining its roots in Filipino culture.
Types of
Entrepreneurship
4. Social
Entrepreneurship:
Aims to address social or
environmental issues
through innovative
solutions while
maintaining financial
sustainability.
Example of SOCIAL
Entrepreneurship in the Philippines
• Business Name: Gawad Kalinga
(GK)
• Founder: Tony Meloto
• Founded: 2003
• Mission: To end poverty for
millions of Filipinos by providing
sustainable community
development, promoting social
entrepreneurship, and empowering
marginalized communities.
Analysis of Social Entrepreneurship
Impact

• Economic Empowerment: By providing necessary resources like


shoes, glasses, or financial support, these enterprises empower
individuals to improve their economic conditions.
• Health and Well-being: Access to eyewear and proper shoes
directly contributes to better health and well-being, enabling
individuals to participate more fully in education and work.
• Community Development: Social enterprises often focus on
building sustainable models that benefit entire communities,
fostering long-term development and resilience.
Importance of Entrepreneurship

• Job Creation: New businesses create jobs and


employment opportunities.
• Innovation: Entrepreneurs drive technological
advancements and new products.
• Economic Growth: Entrepreneurship stimulates
economic activity and increases GDP.
• Social Change: Social entrepreneurs address
societal problems and improve communities.
• Increased Competition: Encourages competition,
leading to better products and services.
Steps to Become an Entrepreneur

• Identify a Business Idea: Find a market need or problem that


you can solve with a unique product or service.
• Conduct Market Research: Validate your idea by researching
your target market, competition, and potential customers.
• Create a Business Plan: Develop a detailed plan outlining your
business model, strategy, financial projections, and goals.
• Secure Funding: Obtain the necessary capital to start and grow
your business. This could be through savings, loans, investors,
or crowdfunding.
• Build a Team: Assemble a team with the skills and expertise
needed to execute your business plan.
• Develop a Minimum Viable Product (MVP): Create a
basic version of your product to test and refine based
on customer feedback.
• Launch Your Business: Introduce your product or
service to the market and start operations.
• Scale and Grow: Continuously improve and expand
your business by increasing your customer base,
refining your product, and entering new markets.
• Adapt and Pivot: Be prepared to make changes to
your business model or strategy based on market
feedback and new information.
Challenges of
Entrepreneurship
• Financial Risk: Initial investment and ongoing expenses can strain personal
and business finances.
• Market Competition: Competing with established businesses can be
difficult.
• Uncertainty: Market conditions, customer preferences, and economic
factors can change rapidly.
• Work-Life Balance: The demands of running a business can impact
personal life and relationships.
• Failure: Not all business ventures succeed, and failure can be a significant
setback.
Resources for Entrepreneurs

• Books and Online Courses: Numerous books and courses provide valuable
insights into entrepreneurship.
• Mentorship and Networking: Connecting with experienced entrepreneurs
and business professionals can offer guidance and support.
• Incubators and Accelerators: Programs that provide resources, funding, and
mentorship to early-stage startups.
• Government Programs and Grants: Various government initiatives support
small businesses and startups.
• Industry Associations and Chambers of Commerce: Organizations that offer
resources, networking opportunities, and advocacy for businesses.
Conclusion

Entrepreneurship is a dynamic and rewarding


journey that requires creativity, resilience, and
a willingness to take risks. By understanding
the principles of entrepreneurship and
leveraging available resources, aspiring
entrepreneurs can increase their chances of
building successful and impactful businesses.

You might also like