LESSON 1 – DEFINING KEY TERMS

At the end of the lesson, the learner

should be able to define entrepreneur
and entrepreneurship.
 ANAGRAM
is a word or phrase formed by rearranging the
letters of a different word or phrase, typically
using all the original letters exactly once. For
example, the word anagram can be rearranged
into nag a ram, or the word binary into brainy or
the word adobe into abode.
According to Wikipedia
1. tapiCal 7. seItnitivia
2. fitPro 8. Cnoiietomtp
3. dnloeKweg
4. killsS
5. skWorer
6. scRuseero
WHAT COMES INTO YOUR MIND WHEN YOU HEAR THIS WORD?

ENTREPRENEURSHIP
 CAPITAL
is the money or wealth
needed to produce
goods and services.
 PROFIT
is a very important concept for any
business. Profit is the
financial return or reward that
entrepreneurs aim to achieve to
reflect the risk that they take.
 KNOWLEDGE
facts, information, and skills
acquired by a person through
experience or education; the
theoretical or practical
understanding of a subject.
 SKILLS
the ability to do
something well;
expertise.
 WORKERS
a person who is employed
Read more: http://www.businessdictionary.com/definition/worker.html
 RESOURCES
a stock or supply of money,
materials, staff, and other assets
that can be drawn on by a person
or organization in order to function
effectively.
 INITIATIVES
the ability to assess and initiate
things independently.
the power or opportunity to act or
take charge before others do.
 COMPETITION
- the activity or condition of competing.
in marketing - is the rivalry between
companies selling similar products and
services with the goal of achieving
revenue, profit, and market share growth.
Art of observing correct practices
in managing & operating a self-
owned wealth-creating business
enterprise by providing goods &
services that are valuable to the
customers.
 the activity of setting up a
business or businesses, taking on
financial risks in the hope of profit.
According to Google
No bosses.
No restricting
schedules.
No one holding back.
 ENTREPRENEUR
1. From the French word entreprendre – meaning to
undertake
2. Signify the start of a new business undertaking
3. When compare, the relationship is like that of a manager
and the management, in which a manager is a person who
practices correctly the concept of management.
 An entrepreneur is a
person who sets up a
business with the aim to
make a profit.
An entrepreneur can be a
person who sets up their
first online store on the
side or a freelancer just
starting out.
Entrepreneurs are some
of the world’s most
powerful transformers.
Understanding
entrepreneurs can help
more people to recognize
the value they contribute
to the world.
 Why entrepreneurs are
important in the society?
1. Entrepreneurs create
jobs. Without them, jobs
wouldn’t exist.
2. Entrepreneurs create
change. Many of them
improved the world with
their products, ideas, or
businesses.
3. Entrepreneurs give help
to the society. They make
more money and thus, pay
more taxes which helps
funds for social services.
Why
become
an entre-
preneur?
1. To change the world.
2. We don’t want a boss.
3. We want flexible
hours.
4. We are risk takers.
5. We can’t get a job.
6. We don’t fit into the
corporate environment.
7. We are curious.
8. We are ambitious.
Entrepreneurial 5. Focus
Skills 6. Determination
1. Marketing 7. Talent
2. Customer 8. Continuous
service learner
3. Leadership
4. Execution
Entrepreneur 6. Marketing
Ideas business
1. Store owner 7. Blogger
2. Freelancer 8. Real estate agent
3. App creator 9. Photographer
4. Service based 10. Buy and sell
5. Consultant based 11. Tutor
 10 FAMOUS SUCCESSFUL FILIPINO
ENTREPRENEURS
1. SOCORRO C. RAMOS 6. Jaime Zobel de Ayala - Ayala Corporation
National Book Store, Inc.
2. TONY TAN CAKTIONG 7. Alfredo Yao - Zest-O Corporation
Jollibee Foods Corporation
3. Lucio Tan - Philippine Airlines 8. Mariano Que - Mercury Drugstore
4. ATTY. FELIPE L. GOZON
GMA Network, Inc. 9. Cecilio K. Pedro - Lamoiyan Corporation
5. Henry Sy – ShoeMart 10. Corazon D. Ong - CDO Foodsphere, Inc.
 “A person who sees a problem
is a human being; a person who
finds a solution is visionary; and
the person who goes out and
does something about it is an
entrepreneur.”
Task:
If you are to build your
own kind of business,
what would it be? Why?
Business type: _______________
Proposed business name:______________
Reasons to establish:
a. _________________________
b. _________________________
c. _________________________