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Introduction to Entrepreneurship Concepts

The document defines entrepreneurship as the activity of setting up a business or businesses to take on financial risk for potential profit. An entrepreneur is the person who creates the business and embraces challenges to develop and operate it. Entrepreneurship involves producing and selling goods and services to satisfy societal needs and wants. A business uses resources like people, money, machines, materials, methods and management to continuously create products and services that offer convenience and help improve people's quality of life. The document provides examples of needs versus wants and the basic resources required for a business, then concludes by reinforcing the importance and relevance of entrepreneurship.

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29 views14 pages

Introduction to Entrepreneurship Concepts

The document defines entrepreneurship as the activity of setting up a business or businesses to take on financial risk for potential profit. An entrepreneur is the person who creates the business and embraces challenges to develop and operate it. Entrepreneurship involves producing and selling goods and services to satisfy societal needs and wants. A business uses resources like people, money, machines, materials, methods and management to continuously create products and services that offer convenience and help improve people's quality of life. The document provides examples of needs versus wants and the basic resources required for a business, then concludes by reinforcing the importance and relevance of entrepreneurship.

Uploaded by

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

Sir

Loreto
ENTREPRENEURSHIP
LORETO M. ESPEJO JR.
Subject Teacher
ENERGIZER
TOPIC: ENTREPRENEURSHIP WORLD
Module: 1 Week: 1 Quarter: 1st

LEARNING COMPETENCIES:
• Discuss the relevance of entrepreneurship
OBJECTIVE/S
• To define entrepreneurship.
• To understand entrepreneurship as business.
• To appreciate the process of business.
INTRODUCTION

 Do you often heard the word entrepreneurship? Are you wondering what is
it all about? Are you curious how it works? This subject will help you to open
your mind to the exciting world of entrepreneurship.
 Are you a type of person who always coming up with new ideas? or thinking
how to innovate or reinvent something? Are you wondering how this ideas
can put into reality? Now its time for you to know that your weirdest idea as
your friends or relatives told you can be a key for a great opportunity because
of entrepreneurship.
What is Entrepreneurship?

Entrepreneurship is the activity of setting up a


business or businesses, taking on financial risk in
the hope of profit. [Link]

The person who creates the business or


businesses and embraces every challenge for its
development and operation is known as an
entrepreneur. ([Link]
Entrepreneurship as a Business

 Selling of goods and services


 Production of goods and services
 As a social process which involves the
assembly and utilization of resources to
produce goods and services in order to
satisfy needs of society.
Goods and Services Defined

GOODS SERVICES
Tangible things we consume or buy. Non tangible things we consume or buy

As an entrepreneur our mission is to fulfill societies satisfaction base on their


needs and wants.
Needs Vs Wants

NEEDS WANTS
Are the things needed by the people in Are Luxurious things desire by people.
order to live or necessary for survival.
Business Process and Relevance Explained

Entrepreneurs continuously search and use their


talent and skills together with their resources to
produce or create goods and services for the
benefit of the people. Business also innovate or
reinvent existing goods and services so, that
people can adopt to changes and improve their
way of living. Business offers everything whether
for survival or leisure as long as provides
convenience in the lives of the people.
Business Basic Resources

 Men – These are the people who work in business enterprise.


 Money – These are needed in putting up the business enterprise
 Machine – Modern production requires the use of machine. This is
more efficient and economical.
 Materials – These are needed in the creation of products.
 Methods – These refer to technology or techniques of production.
 Management – these refer to planning and organizing the business.
Conclusion

 Entrepreneurship is about business.


 Business is not only about selling, production of goods and services but also fulfilling
societies satisfaction.
 Business can offer both good and service.
 Needs and wants are different form each other.
 Business originates from your idea.
 Business idea can draw out form people needs and wants.
 Business is part of our daily routine.
 Business plays an important role to the improvement of way of living of the people.
 Business helps people to adopt changes
ACTIVITY TIME
Module: 1 Week: 1 Quarter: 1st

Directions: Using your own entrepreneurial thinking skills. Write down the things you can do
in every situation provided.
Situation Things you can do

1. People cannot go out to purchase goods due


to COVID 19
2. Lack of Water in your Village or Barangay
3. Classmates who wants to learn Adobe
Photoshop.
4. You have a great skills in cooking.
5. Your father taught you how to repair
electronic gadgets.
[Link] have great talent in dancing.
Thank you and Hope
you learned
something new
today.

Sir Loreto

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