FACTORS AFFECTING
ENTREPRENEURSHIP
FACTORS AFFECTING
ENTREPRENEURSHIP
1.Personality Factor
2.Environmental Factor
Initiative A planner Risk-taker
Social Conditions Politics Market
Proactive Climate Situations
Persuasion Economy Perseverance
Legal system Problem- Solver
Personality Factor
1.Initiative - Doing things even before being
told
2.Proactive – he can easily classify
opportunities and seize it
3.Problem Solver – he can retain good
relations with people
4. Perseverance – He will pursue things to
get done regardless of challenges
5. Persuasion – he can entice people to buy
even if they don’t want to
6. A Planner – He makes plans before
doing things and does not fail to monitor
them.
7. Risk-taker – He is willing to gamble but
he will calculate it first
Common Competencies
in Entrepreneurship
1. Decisive – an entrepreneur must be firm
in making decisions
2. Communicator – an entrepreneur must
have a convincing power
3. Leader - an entrepreneur must have the
charisma to be obeyed by his employees
3. Opportunity seeker - an entrepreneur must
have the ability to be the first to see business
chances
4. Proactive - an entrepreneur can control a
situation by making things happen by
preparing for possible future problems
6. Risk-taker - an entrepreneur has the
courage to pursue business ideas
7. Innovative - an entrepreneur has big
business ideas and he does not stop
improving and thinking of new worthwhile
ideas for his business.
Core Competencies in
Entrepreneurship
1. Economic and Dynamic Activity
Entrepreneurship is an
economic activity because it
involves the creation and
operation of an enterprise with a
view to creating value or wealth
by ensuring the optimum
utilization of limited resources
2. Innovative
The entrepreneur
constantly looks for new
ideas, thus he needs to be
creative.
3. Profit Potential
The entrepreneur can be
compensated by his profit
coming from the operation
4. Risk bearing
The entrepreneur
needs to gamble but
wise enough to offset
the risk.
Types of Entrepreneur
Innovative Fabian Entrepreneur
Entrepreneur Drone Entrepreneur
Imitating Social Entrepreneur
Entrepreneur
Innovative Entrepreneur
They are those who always make new
things by thinking of new ideas. They
have the ability to think of newer,
better, and more economical ideas.
Imitating Entrepreneur
They are those who
don’t create new things
but only follow the ideas
of other entrepreneurs
Fabian Entrepreneur
They are skeptical about
the changes to be made in
the organization. They
don’t initiate but follow
only after they are
satisfied.
Drone Entrepreneur
They are those who live in the
labor of others. They are die-hard
conservatives even ready to suffer
the loss of business.
Social Entrepreneur
They are those who initiate changes and
drive social innovation and
transformation in various fields such as
education, health, human rights,
environment, and enterprise
development.
Career Opportunities
of Entrepreneurship
Business Consultant
With expertise in the field of
entrepreneurship, he can be a
very good source of advice to
other entrepreneurs and would
be a businessmen
Teacher
A graduate of
Entrepreneurship can
use his knowledge in
teaching
Researcher
The entrepreneur can be
employed as a researcher
of an enterprise.
Sales
The entrepreneurship
graduate can apply as a
salesman
Business Reporter
The entrepreneur
being an expert in
the field, can be
employed as a
business reporter
INTERVIEW
THE KNOWN
Choose three (3) successful
entrepreneurs in your community or
nearby places and conduct an
interview using the guide questions
below.
1. What motivated you to become an
entrepreneur?
2. What do you think are your
characteristics and competencies that
made you a successful entrepreneur?
3. What do you think of being employed?
Why didn’t you choose that path?
