Becoming An

Entrepreneur
What is an entrepreneur?

– Is a person who possesses managerial and decision-making skills needed to run

a business enterprise.
– As a leader ,an entrepreneur is dedicated ,determined, passionate, a go-getter,
patient, and God-fearing.
– Entrepreneurs create their own motivations and sense of achievement by
accomplishing difficult yet achievable goals.
– Business tycoon Henry Sy of SM Holdings started out by selling shoes on the
street .With his will power, enthusiasm, fortitude and belief, he owns various
ventures and conglomerates –from supermalls to hotels and resorts, banks and
condo. Given the right attitude and business skills, anyone can be a successful
businessman.
Are entrepreneurs born or
made?
– This question remains debatable.
– Being an entrepreneur runs in the blood .Some people believe that
entrepreneurs are born influenced by parents’ traits and guidance.
– Others say entrepreneurs are made ,as they are shaped by their education and
the training they got from different institutions, workshops, seminars, and
symposia.
– Practical and relevant knowledge , or being “street smart” is also important
when venturing into business.
Who can become an
entrepreneur?
– Anyone can become an entrepreneur. Any individual who desires progress in
one’s personal and family life as well as for the economy can be an
entrepreneur.
Why should you be an
entrepreneur?
– To experience or own classy suits, luxury cars, real estate properties, jewelry,
the latest electronics gadgets, or more time for family and travels abroad.
– To help the country minimize poverty.
The Entrepreneurs Alphabet

– A-bility to organize resources

– The ability to identify needed resources in the business or 6Ms – Manpower,
Machine, Materials, Money, Moment (time) and Methods.
– B-oldly takes calculated risks
This highlights the difference between the entrepreneurship and perceptions of
luck and gambling. Although the word risk may have a negative connotation but
entrepreneurs have to stay courageous amidst the difficulties these risks may bring.
C-reative and Innovative
Creativity involves producing something new while innovation means putting into
use that new creation.
– D-emands quality results
– Pertains to the uniqueness of goods or services generated by the business
,which distinguishes it from its competition.
– E-xcited to compete
– Competition energizes the entrepreneurs. It drives as a challenge to improve
and enhance the commodities they offer to the public.It will inspire you to do
better.
– Finds opportunity in crisis
– Entrepreneurs do not regard a crisis as a predicament, but rather see it as an
opportunity to do business or start an income-generating venture.
– G-oal- Oriented
– Goal –oriented entrepreneurs must know what they want for their business
from the beginning at present and in the future
– H-ardworking
– Entrepreneurs know how to delegate tasks, and are not limited by work hours
and work locations.
– I-nquisitive when pursuing improvements
– They aim at continuous improvement, thus turning good into something better
,and something better into the best in the market.
– Jack of all Trades
– Entrepreneurs should be flexible and must be familiar with all the processes and
the ins and outs of their company.
– Keen eye for detail
Entrepreneurs should possess mastery of their craft and make sure that the end
result is a good-quality commodity.
– Legitimate
– No one is above the law. Their business should be established legally and
comply with all the requirements
– Mindful of changes in the environment
– Capturing as many information as possible on the changes in the setting where
the business operates in.
– Networker
– Entrepreneurs love networking and connecting with different people. They seize
every opportunity to expand their network and increase their business visibility.
– Organized and an organizer
– Entrepreneurs know what resources are needed in their business and how
these could be utilized effectively and efficiently.
– Passionate
– Entrepreneurs are determined to break through any obstacle. Their mind
determines the end goal, while their heart provides the means.
– Questioning the status quo
– An entrepreneur never settles for what is offered now, but foresees what may
happen in the coming days, months, years and beyond.
– Resourceful
– Entrepreneurs always see the glass as half full rather than half empty. Especially
during hard times, they are very resourceful and are able to use their imagination to
jump over hurdles and find ways to effectively utilize whatever resources they have
to achieve their desired results.
– Success-oriented
– The best entrepreneurs know what that the road to success is always under
construction.They keep on innovating and creating to ensure the continuity of
their success. And should they fail , they get up and persist, for they know that
down the road, success awaits them.
– Time conscious
– Entreps always value time as their most important resource, so they never
waste it.
– Undivided focus
– Entres are focused and disciplined.When they work, they work.When they rest,
they rest.
– Visionary
– Entreps know where they are going. They have predictions of possible
outcomes. They already have imagined and envisioned what their business can
become in the future.
– Winning attitude
– Entreps are born to win,they are driven by their goal-winning and even if they
lose, they are able to bounce back, determined to surpass challenges and
obstacles that come their way.
– Xtremely smart
– Entreps are street smart, they are very practical and their decisions and actions
are grounded.
– Yearning to learn
– Entrepreneurs never stops learning. They never stop entertaining new
knowledge , as their fresh information can possibly improve their business
operations ,commodities or their entire firm.
– Zealously Energetic
Entreps are always eager, passionate, and intense when it comes to business
operations.