Entrepreneurship
What is entrepreneurship?
Entrepreneurship is the activity of setting up a business or
businesses, Taking on financial risks in the hope of profit.
The capacity and willingness to develop, organize and
manage a business venture along with any of its risks in
order to make a profit.
The most obvious example of entrepreneurship is the
starting of new business.
What is profit?
Profit is the positive gain remaining for a business after all
costs and expenses have been deducted from total sales.
Profit is also referred to as bottom line, net profit or net
earnings.
Why it matters?
Profitis one of the most important measurements in
determining the health and success of a business.
However, the measurements of profit can vary and should
be considered with other factors.
Who is an entrepreneur and what do they
do?
An entrepreneur refers to a person who has an innovative
business idea, who is willing to take the risk of
implementing the idea, and who also takes on the role as
leader of the company or organization- assuming full
responsibility for its execution, success, or failure.
Challenges faced by
entrepreneurs
Cash flow management
Cash flow is essential to small business survival,
yet many entrepreneurs struggle to pay bills while
they’re waiting for checks to arrive.
Time management
Might be the biggest problem faced by
entrepreneurs, who wear many hats. If you only
had more time, you could accomplish so much
more.
Choosing what to sell
You know you could make a mint if you just
knew what products and services to sell.
Capital
You want to start or grow your business, but
you have a little capital to do it with.
Self-doubt
An entrepreneur’s life is not enviable, at least in
the beginning. Its extremely easy to get
discouraged when something goes wrong or when
you’re not growing as fast as you’d like. Self-doubt
creeps in, and you feel like giving up.
Marketing strategy
You don’t know the best way to market your
products and services, investment with
efficient, targeted marketing that gets results.
Characteristics of
Successful
Entrepreneurs
Passion and Motivation
Although there are many traits that make an
entrepreneur successful, perhaps the most
important are passion and motivation .
Not afraid to take risks
Entrepreneurs are risk takers, ready to dive deep
into a future of uncertainty. But not all risk takers
are successful entrepreneurs.
Self-belief, Hard work and Disciplined
Dedication
Entrepreneursbelieve in themselves and are
confident and dedicated to their project.
Product and Market Knowledge
Entrepreneurs know their product inside and out.
They also know the market. Most become
successful because they create something that
didn’t already exist.
Types of Entrepreneur in
our country
Social Entrepreneur
This entrepreneur helps the society.
Serial Entrepreneur
Thisentrepreneur always have a new idea, this
entrepreneur have more chance to be successful
because of their experienced.
Lifestyle Entrepreneur
An individual that creates a business with the purpose of altering their personal
lifestyle and not for the sole purpose of making profits. A lifestyle entrepreneur
focuses more on the life rewards provided to people that enjoy and have a
passion for what they are doing. There is a possibility that the business will do
particularity well since the individual has a passion for what he/she is doing.
Correlation of entrepreneurship in NSTP
The goal of nstp is to produce young individuals to be responsible
and efficient in terms on coping the world. So when entrep enters
the world of NSTP? Its main objective is that the entrep will help
every teenagers or every college to be strategic, in terms of business,
and thru the help of the mission and vision of NSTP, everything
would be successful.
Core traits a entrepreneur should
develop:
Leadership- successful entrepreneur always have the heart of a leader.
Communicator- they should know how to use all forms of communication.
Specialist- should be expert in their own business
Problem solver- possess critical thinking skills and look at problems ass
challenges or puzzle that they need to solve
List of small business in the Philippines
Sari-sari store
rice retailing
Food cart business
Printing business
Buy and sell business
Street food business
Flea market or tiangge
Online selling business
Cellphone loading
From SEAFARERS TO
ENTREPNEURS
Be inspire by the story of C/Engr. Guillermo
Ariola and Mrs. Clara Ariola.
This is story may inspire you to start your own business, either the the Expresspay
franchise of any other business.
There are approximately 400,000 Filipino seafarers deployed overseas, comprising
roughly 30 percent of the global maritime fleet. Tinig ng Marino represents this sector by
providing a platform for addressing issues concerning the Philippine maritime industry;
particularly the protection and welfare of Filipino seafarers. The show is hosted by no less
than Engineer Nelson Ramirez, president of United Seafarers Union and known watchdog
of seafarers’ issues. He is joined by seasoned broadcaster Annie Rentoy. Tinig ng Marino
also dedicates a segment on general safety measures at work and at home.
Success Story of C/Engr. Guillermo Ariola: From humble seaman to successful
businessman https://www.youtube.com/watch?v=SHSrQPucFzM
