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Mindset and Entrepreneurship in the Philippines

The document discusses maintaining a positive mindset for success by learning from mistakes, getting inspired, and setting goals. It also discusses envisioning working abroad and opening a business in the Philippines within 3 to 5 years without expectations that could cause pressure. The document also discusses entrepreneurship being important in the Philippines for generating wealth and raising living standards through innovation and competition, and its impacts of being critical to economic development through contributing to innovation, jobs, and reducing poverty.

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Owen Largo
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8 views2 pages

Mindset and Entrepreneurship in the Philippines

The document discusses maintaining a positive mindset for success by learning from mistakes, getting inspired, and setting goals. It also discusses envisioning working abroad and opening a business in the Philippines within 3 to 5 years without expectations that could cause pressure. The document also discusses entrepreneurship being important in the Philippines for generating wealth and raising living standards through innovation and competition, and its impacts of being critical to economic development through contributing to innovation, jobs, and reducing poverty.

Uploaded by

Owen Largo
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

1. What can you do to improve your mindset for success?

We all want to know the secret to success, but the reality is that there are so many factors that go into
what makes one truly successful. But of course, there’s more to success than just keeping your nose to
the grindstone. Maintaining a solid mindset can go a long way towards helping you stay on the path to
success. In order to achieve success in life I must have this kind of mindset like; Learn from my mistake
because I learned that every loss is a win if you let it be. So, if you’ve experienced a failure, don’t beat
yourself up. Brush yourself off, analyze what happened, and determine how you can do things
differently in the future, and move on. Get inspired if you are inspired in what you do, I believe you will
be successful. And I must set goals as stepping stone to my success When we get caught up in the daily
grind, it's easy to lose sight of the fact that we haven't yet achieved our ultimate goal of success.

2. What are you envisioning for yourself in 3 to 5 years’ time?

I think 3 to 5 years from now in God’s well, I will go to abroad and work then if I have a capital, I open
business here in Philippines.

3. What kind of expectations do you have from yourself and your life?

I don't have expectations of myself because I believe that if you do, you will be pressured. And it can
affect it to your life and to your success.

II

1. How is Entrepreneurship viewed in the Philippines?

Entrepreneurship is important in the Philippines because of its ability to generate wealth and raise living
standards for both the entrepreneur and the related businesses. Furthermore, entrepreneurs are in
charge of driving change through innovation, which opens up new markets through new and improved
products.

2. Why does economy need Entrepreneurs?

Entrepreneurs introduce new products, services, and technologies that help businesses grow.
Entrepreneurs necessitate increased competitiveness among existing firms, and their increased activity
generates new job opportunities.

3. What are the impacts of entrepreneurship on our country?

Entrepreneurship is critical to the economic development of a country like the Philippines because it is a
key contributor to innovation, product improvement, and the reduction of unemployment and poverty.
Entrepreneurship, which is the practice of starting a business in order to profit from newfound
opportunities, can help to stabilize a country's economy while also generating massive returns for the
government.

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