SLTCFI
THE
ENTREPRENEUR
LESSON 1
Ria Mae E. Aguallo, LPT
Instructor
OBJECTIVES
1. Define ‘Entrepreneur’ and entrepreneurship
[Link] characteristics required of successful
entrepreneurs
[Link] the importance of factors of production
and enterprise in becoming an entrepreneur
[Link] several types of entrepreneurs and provide
examples of each
[Link] the role that entrepreneurs play in the
economy
INTRODUCTION
ENTREPRENEUR - is a word borrowed from the
french word entreprendre -that is a manager. In fact.
the word entrepreneur was shaped probably from celui
qui enterprend, which is loosely translated as those who
get thing done.
ENTREPRENEURSHIP
Entrepreneurship is the ability to willingness to
take the risk to develop and operate a business for
profit or non-profit organization to serve the needs
of the particular group.
Entrepreneurship is a proactive process of
developing a business venture to make a profit. It
involves seeking opportunities for a market,
establishing and operating a business out of the
opportunity and assessing it risks and rewards
through close monitoring of the operations.
SKILLS
01 Innovative – Able to generate new ideas,
products, or solutions.
02 Risk-taking – Willing to take calculated
risks in pursuit of opportunities.
03 Proactive – Takes initiative rather than
waiting for things to happen.
04 Resilient – Can bounce back from failure,
challenges, and setbacks.
05 Goal-oriented – Works with clear
objectives and strong determination.
06 Creative – Thinks outside the box to solve
problems and find opportunities.
07 Leadership skills – Can influence,
motivate, and guide others.
08 Decision-making ability – Makes sound
and timely decisions.
SKILLS
Confidence – Believes in their abilities
09 and business vision.
Adaptability – Adjusts to changes in
10 markets, technology, and situations.
Strong work ethic – Hardworking,
11 disciplined, and persistent.
Opportunity-seeking – Constantly looks
12 for gaps or needs in the market.
Financial literacy – Understands
13 budgeting, investing, and resource
management.
14 Communication skills – Can express
ideas clearly and build relationships.
15 Resourcefulness – Uses available
resources efficiently and creatively.
ENTERPRENEURS
BILL GATES STEVE JOBS MARK ZUCKERBERG
Bill Gates, founder of microsoft. Steve jobs, co-founder of apple iMark Zuckerberg is a prominent
There are probably not many computers, which produces Macs, computer programmer and the co-
people that have not been iPods and iPhones, as well as founder of Facebook, a social media
touched by one of his products, Apple TV. platform that has significantly shaped
such as Microsoft windows, online communication since its
microsoft office and internet launch in 2004.
explorer.
SOCIO-ECONOMIC BENEFITS
OF ENTREPRENEURSHIP
Promotes self - help and employment
Provides taxes to the economy - means tax sources for the
government. Every entrepreneur contributes to the economy a
kind of income out of real state, income tax, sales tax, fees, and
all other forms of payment to the national, as well as local
government units.
Improves quality of life - Entrepreneurs penchant for innovation
and development of new products, as well as creation of new
markets, redounds to the betterment of the products and
services - and hence the quality of life.
TYPES OF ENTREPRENEURS
Home-based Cyber entrepreneurs Serial Entrepreneurs
entrepreneurs A cyber entrepreneur is a Enjoy the thrill of starting a new
are people that establish person who creates and runs a business, but they don’t want to
businesses in the comfort of business mainly on the stay around and operate it. Once
their home. An example of a internet, using digital tools, the new venture gets off the
home-based entrepreneur is a websites, or online platforms ground, they move on to another
freelance writer or novelist who to offer products or services. start-up.
works from home.
The person who is engaged in
multiple business is called serial
entrepreneur.
TYPES OF ENTREPRENEURS
Traditional Entrepreneurs Non-profit entrepreneurs Corporate Venturers
is a person who starts and runs a A non-profit entrepreneur is a is a person or a team inside a large
business in a physical, real-world person who starts and runs an company who creates new
location—such as a shop, office, organization whose main goal is business ideas, develops innovative
factory, or market. They invest to help people, solve social products, or starts new ventures
money, and take risks to produce problems, or support for the company. This process is
goods or services for customers. communities—not to make profit. also called corporate
Their businesses usually rely on Instead of earning money for entrepreneurship or
face-to-face transactions rather themselves, they use resources, intrapreneurship. Example: A team
than online platforms. donations, and funding to create inside a large bank launching a new
positive change in society. mobile banking app.
CONTRIBUTION OF ENTREPRENEURS
Develop new markets:
Under the modern concept of marketing, markets are people who are willing and able to satisfy their
needs. In Economics, this is called EFFECTIVE DEMAND. Entrepreneurs are resourceful and creative.
They can create customers or buyers.
Discover new sources of materials
Entrepreneurs are never satisfied with traditional or existing sources of materials. Due to their
innovative nature, they persist on discovering new sources of materials to improve their enterprises.
Mobilize capital resources
Entrepreneurs contribute to the mobilization of capital resources by finding, gathering, and using
money to start and grow businesses. They invest their own savings, attract investors, take loans, form
partnerships, and use grants. By doing this, they turn idle funds into productive investments, create
jobs, and help the economy grow.
CONTRIBUTION OF ENTREPRENEURS
Introduce technologies, new industries, and new products
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storefronts.
Create Employment
Entrepreneurs contribute to the economy by creating employment opportunities. When they start or
expand businesses, they hire workers to produce goods or provide services. This not only gives people
jobs and income but also helps develop skills, strengthens communities, and boosts overall economic
growth.
CAPITAL RESOURCES FOR ENTREPRENEURS
HUMAN CAPITAL OPPORTUNITY CAPITAL
This refers to the skills, knowledge, experience, and Opportunity capital is the potential resources or
talents of people that entrepreneurs use to run a chances that entrepreneurs can take advantage of to
business. Employees, managers, and the entrepreneur grow a business. It includes market gaps, new trends,
themselves are part of human capital, as their abilities emerging technologies, or business ideas that can be
directly affect productivity and innovation. turned into profitable ventures.
FINANCIAL CAPITAL
ENTREPRENEURIAL CAPITAL
Entrepreneurial capital is the ability, creativity, risk- Financial capital is the money or funds needed to start,
taking, and vision of the entrepreneur. It represents the operate, and expand a business. It can come from
combination of skills, ideas, and leadership needed to personal savings, investors, loans, grants, or other
identify opportunities, mobilize resources, and drive the financial sources that allow the entrepreneur to invest
business toward success. in equipment, labor, and operations.
CAPITAL RESOURCES FOR ENTREPRENEURS
ECONOMIC CAPITAL
Economic capital refers to the physical and tangible resources that have value in production, such as land,
machinery, buildings, tools, and raw materials. These resources are essential for producing goods or
delivering services efficiently. Assets are resources owned by a person or a business that have economic
value and can be used to generate income or provide benefits in the future. They represent what a business
owns and can include physical items, money, or rights to receive value.
Assets are usually classified into:
1. Tangible Assets – Physical items you can see and touch, used for business operations.
2. Current Assets – Short-term resources that are expected to be used, sold, or converted into cash within a
year.
3. Intangible Assets – Non-physical resources that have value for the business.
QUESTIONS
WHAT IS THE ADVANTAGES OF ENTREPRENEURSHIP?
THANK YOU