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The document discusses the benefits of entrepreneurship such as job creation and economic growth. It also lists common traits of successful entrepreneurs like being proactive, risk-taking, and innovative. Finally, it provides examples of common small business types in the Philippines such as sari-sari stores, food carts, and bakeries.
The document discusses the benefits of entrepreneurship such as job creation and economic growth. It also lists common traits of successful entrepreneurs like being proactive, risk-taking, and innovative. Finally, it provides examples of common small business types in the Philippines such as sari-sari stores, food carts, and bakeries.
The document discusses the benefits of entrepreneurship such as job creation and economic growth. It also lists common traits of successful entrepreneurs like being proactive, risk-taking, and innovative. Finally, it provides examples of common small business types in the Philippines such as sari-sari stores, food carts, and bakeries.
an economic benefits of entrepreneurship. 1. Produces more jobs that equate to an increase in national income. 2. Amplifies economic activities of different sectors of society. 3. Introduces new & innovative products & services. 4. Improves people’s living standards. 5. Disperses the economic power & creates equality. 6. Controls the local wealth & balances regional development. 7. Reduces social conflicts & political unrest 8. Elicits economic independence & capital formation. What are the common traits that entrepreneur should always have? 1. Proactive 6. Networkers 2. Agents of Change 7. Decisive 3. Risk Takers 8. Balanced 4. Have a sharp eye for 9. Innovative opportunities 5. Sociable What are the core traits that entrepreneur should develop in managing and running the business? 1. Leaders 2. Communicators 3. Specialists 4. Problem Solvers The class will be divided into four groups. Each group will receive pieces of papers containing pros and cons of being entrepreneur and intrapreneur. Each group must match these pros and cons to the correct person (entrepreneur or intrapreneur) 10 mins. is allotted for this activity. Income generated actively (no Income generated passively even work no pay) when he is resting. Income usually fixed per month Opportunity income unlimited Income earned whether the Income only earned when the business is successful or not. business is successful. Seeks for job Provides jobs Has the goal of satisfying only the Fully responsible for serving employer customers, making the business Fully dependent on the employer’s profitable and providing employee performance satisfaction Can only work for the current Has the power to disengage employer exclusively. nonperforming employees Can venture into expansion of business Has routine tasks and works on Performs all necessary variable tasks regualr or normal hours. to establish and manage a startup Follows policies, procedures and business memoranda from the employer. Prepares policies, procedures and memoranda for the business Limited number of vacation days Has flexible schedule imposed by the employer. Unlimited number of vacation days Taxed on the gross income Taxed on the net ncome May be comfortable with routines Comfortable in doing multiple and and minimal risks challenging tasks May also be comfortable in working Takes accountability with the risks for the company itself and profits of the business Does not want to confined in a box and thinks out of the box List of common small businesses in the Philippines 1. Sari-sari store 2. Rice retailing 3. Food cart business 4. Printing business 5. Buy and sell business 6. Street food business 7. Flea market business or tiangge List of common small businesses in the Philippines 8. Online selling business 9. Cellphone loading business 10. Laundry and cleaning business 11. Hair styling and makeup business 12. Spa, gym and nail care business 13. Video and photography business List of common small businesses in the Philippines 14. Tutorial business 15. Baking business 16. Website development and design/blogging 17. Direct selling business 18. Car wash and car care business 19. Bar, cafe and restaurant 20. Water station and LPG station