Physical

Environment
 Entrepreneurial Venture

Created out of the business

opportunities which the
entrepreneur should seek to
exploit.
 The Entrepreneurial Process of
Creating a New Venture

Creation of Identification of Opening of

Entrepreneurial Entrepreneurial Entrepreneurial
Ideas Opportunities Venture
Entrepreneurial Character Traits, Skill,
And Competencies Influencing The
Opening Of Business

Entrepreneurial
Identification of
character traits,
Entrepreneurial
skills, and
Opportunities
competencies.

Creation of
Entrepreneurial Opening of
Ideas Entrepreneurial
Venture
Entrepreneurial Environment As Another Factor
Influencing The Opening Of Business
Entrepreneurial
character traits,
skills, and
competencies.

Creation of Identification of Opening of

Entrepreneurial Entrepreneurial Entrepreneurial
Ideas Opportunities Venture

Entrepreneurial
Environment
 The Physical
Environment

Physical NEW
Resources BUSINESS
Climate

Wildlife
 CLIMATE
The climatic condition in a
particular region in the
Philippines where the
business will be
established must be
evaluated.
 Physical Resources
The entrepreneur must critically assess
the availability of raw materials in the
locality before opening a business. They
must evaluate if the available raw
materials to be used for the proposed
business are sufficient for a long term
operation.
 Wildlife
Entrepreneur must sure that his/her business
contributes to the preservation and not the
destruction of the ecology system of the local
community and our country in general. He/She must
not open a business venture that will destroy the
wildlife reserve. After all, it is also entrepreneurs
task to become a model of social responsibility and
environmental awareness.