1.

Innovation
 An entrepreneur is basically an
innovator who tries to develop
new technology, products and
markets . Innovation may involve
doing new things or doing existing
things differently
 Transformed a simple data entry
service company into becoming
one of the country’s largest
outsourcing service providers.
The core business sources of
this company are mostly
contracts for generating projects
which involve customer service
relationships and IT services.
The CRM services became
quite successful , which spurred
the growth of telemarketing
services

ERNEST L. CU
2. Assumption Risk
 An entrepreneur , is a risk taker and not
a risk shirker. He/ She is always
prepared for assuming losses that may
arise on account of new ideas and
projects undertaken by him/her. This
willingness to take risks allows an
entrepreneur to take initiatives in doing
new things and marching ahead in
his/her effort.
 Is dietitian by
profession who used
her knowledge to
create affordable
processed meat
products that could
compete with the
already well known
and established
processed meat
brands.

CORAZON D. ONG
3.Research
 An entrepreneur is a practical dreamer and
does a lot of ground-work before taking a
leap in his/her ventures . He/she finalizes an
idea only after considering a variety of
options, analyzing their strengths and
weaknesses by applying analytical
techniques, testing their applicability,
supplementing them with empirical findings
,and then choosing the best alternative.
 Is a civil engineer by profession
formerly engaged in civil
construction works . He went
into research and performed
experiments using only pots
and pans and small tank as his
equipment. His persistence
finally led to the development of
a food supplement that would
smother the bad bacteria in
livestock, which called
LactoPAFI Probiotic Bacteria

GREGORIO G. SANCHEZ, JR.

4. Development of management
skills
 The work of the entrepreneur involves
the use managerial skills which he/she
develops while planning , organizing,
staffing ,directing, controlling and
coordinating the activities of business .
Her managerial skills get further
strengthened when she engages herself
in establishing equilibrium between her
organization and its enviroment.
 Hands-on
approach in
negotiating with
local and foreign
publishers as well
as suppliers gave
the bookstore its
low purchasing
and low-selling
power.

SOCORRO RAMOS
5. Overcoming resistance to
change
 New innovations are generally
opposed by people because
they make them change their
existing behavior patterns. An
entrepreneur always first tries
new ideas at his level.
 He saw the opportunity of
setting –up his own
company by designing
chip sets. In no time, he
was able to raise
$500,000 as seed capital
to put up Monstroni in
1985. His company
determination paid off
after they successfully
developed the first system
logic chip set that lowered
the cost of building
personal computers that
were more powerful

DIOSDADO BANATAO
6. CATALYST of economic
development
 Anentrepreneur plays an
important role in accelerating
the pace of economic
development of a country by
discovering new uses of
available resources and
maximizing their utilization.
 Mercury drug created
a reputation that
every Filipino
household could rely
on and there was
store in nearly town or
city across the
country. His goal of
making safe
medication available
and accessible to
every Filipino
community

MARIANO QUE