TOPIC 1
BSA-2 ENTREP 212-T2
MY UNDERSTANDING
CONTEXT
• Entrepreneurship is challenging, that needs hard work, to be able to survive in the
competitive market.
• It is very demanding, since risking is one of the factors when you enter entrepreneurship
and creating something new that people want or need.
• We can see that having a unique skills and personality traits is important to have a
successful entrepreneurship, because those traits will help them grow and become a
better version of themselves as they keep moving towards their goals.
REASONS.
• One of the traits that an entrepreneur should have is passion to the things that he or she
will do, because you're more likely not that easily to give up even when things
get tough.
• Second, getting your hands dirty, means learning by doing it, because it is like a stepping
stone to understand, what to do and most importantly to have a good relationship to the
surroundings especially to the employee.
• Third, knowing when to change course is a survival skills that an entrepreneurs must
have, because of the competitive market and it is evolving day by day.
• One of the famous examples of it is the apple brand that is originally only produce a
computer but now they have launched many models of smartphones which is called
“iPhone” and produce many services like Apple Music, iCloud which enjoyed by many
customers especially youngsters.
• Last, shrewd money management is important because a business cannot function
without money or capital, that is why it is need to track the spending to understand
where the money go to avoid short of funds.
CONCLUSION
• Entrepreneurs are not just dreamers, they are doers, because experience is a great
teacher.
• Overall, having those traits inspire you to take risks and try new things and learn to
adapt and improve to be better each day.
Toco, Mary Grace M. TOPIC 2
BSA-2 ENTREP 212-T2
MY UNDERSTANDING
CONTEXT
• An entrepreneurial mindset is a way of thinking in overcoming those challenges
that would make them stronger.
• They always looking for new ways to do things to make their goals and visions to
come true.
• They see the world differently and not afraid to risk and see problems as
opportunities.
REASONS
• One of the characteristics that make a strong entrepreneurial mindset is being
decisive to be able to act quickly and go forward and makes a clear decision to
avoid missing some opportunities in the future.
• I believe that a decisive leader or person is also a confident person that will able
to inspire his or her surroundings to show that they are in control and have clear
vision for the future.
• They are accountable for the decision that they make and learn from their
mistakes without blaming others.
• As a student I am accountable for my grades if ever I will fail or get high grades
because in the first place it is my responsibility to study and manage my time
effectively.
• Lastly, humility promotes willingness to grow and balanced and objective
decision-making process.
CONCLUSIONS
• Having strong mindset like being decisive, confident, accountable, resilient, and
humility helps overcome challenges and build a successful business.
• It makes your work faster because you have trust in yourself in the first place.
Toco, Mary Grace M. TOPIC 3
BSA-2 ENTREP 212-T2
MY UDERSTANDING
CONTEXT
• A business opportunity is like spotting a need and then creating something
to meet that need.
• It's about finding a problem and creating a solution that people will pay for.
• Entrepreneurs always seek for opportunities to make their business grow.
REASONS
• There are seven types of business opportunities and distributorship is the
one that caught my eyes, because it plays a crucial role, improve and helps
the grow of the business.
• I learned that distributors allowing companies to tap into new markets and
reach a broader customer base.
• I also learned that trademark is a powerful tool for businesses, because it
has a unique identifier and offering legal protection against from others
competitors that use similar marks that could confuse customers.
• Trademark helps to make the business stand out from other business
especially when your business is already famous in the market.
• Loyal customer can easily identify the product they trust and with that
more sales to go.
CONCLUSIONS
• Entrepreneurs who can spot these opportunities, solve problems, and
create new things can build successful businesses.
• We just need to make good use of those opportunities to make the
business grow.