Prelims

• Entrepreneurship: refers to an individual or a small group of partners who strike out on an original path to create a new business.
• Intrapreneurship: Employees are encouraged to think like entrepreneurs, cultivating an original perspective that may result in a new idea for the company.
• Entrepreneurship: can be defined as “the willingness and ability of an individual or group of persons to search for investment opportunities, establish and run a business unit successfully.”
• Entrepreneurship can also be defined as “the process of generating ideas and venturing into business risks created by dynamic, environment and making the best of opportunities for profit purpose.”
• Enterprise in Society

  • Public Policy
  • International Development
  • Regional Development
  • Business Incubation
• Enterprise Management

  • New venture creation
  • Small business
  • Management
  • Business growth
• Education

  • Enterprise in schools, colleges and higher education
  • Lifelong and workbased learning
• Business Management

  • Strategy
  • Economics
  • Finance
  • Marketing
  • Managing people
• Creativity

  • New ideas and future possibilities
  • Expression and imagination
• Innovation

  • Applied problem solving
  • Using creative ideas and technologies
  • Intellectual property
• Emerging forms of entrepreneurship

  • Social Enterprise
  • Corporate venturing
  • Sustainable enterprise
  • Entrepreneurial
• Entrepreneur: Someone who starts their own business, especially when this involves seeing a new opportunity.
• Resources

  • Money
  • People
  • Knowledge and technology
• Opportunities

  • Customers
  • Markets
  • Wants and needs
  • Possibilities and benefits
• Business Opportunities

  • Poverty
  • Corruption
  • Crimes
  • Education
• Things essential to business

  • Natural resources
  • Firm goals
  • Time bound
  • People
• Entrepreneurship: is the best way to overcome poverty
• 1987 Constitution: identifies entrepreneurship as an instrument of economic growth
• Article XII Section 1: emphasized the role of private enterprises in supporting fair distribution of income and wealth, satisfying production of goods and services and escalating productivity,
• Philippine Development Plan: supervises the government's objective of economic development and job information.
• The evolution of entrepreneurship has been influenced by

  • Fast integration of economies
  • Globalization of market
• Philippine Chamber of Commerce and Industry: formed the Philippine Center for Entrepreneurship.
• Philippine Center for Entrepreneurship: created the "Go Negosyo Communities"
• PCE: Philippine Center for Entrepreneurship
• Taxes: mandatory contributions levied on individuals or corporations by a government entity whether local, regional, or national.
• Tax Revenues: finance government activities, including public works and services...
• Types of Taxes

  • Income Tax
  • Payroll Tax
  • Corporate Tax
  • Sales Tax
  • Property Tax
  • Tariff
  • Estate Tax
• Income Tax: a percentage of generated income that is relinquished to the state or federal government.
• Payroll Tax: a percentage withheld from an employee's pay by an employer, who pays it to the government on the employees behalf to fund Medicare and Social Security Programs.
• Corporate Tax: a percentage of corporate profits taken as tax by the government to fund federal programs.
• Sales Tax: taxes levied on certain goods and services, varies by jurisdiction.
• Property Tax: based on the value of land of property assets.
• Tariff: taxes on imported goods, imposed with the aim of strengthening domestic businesses.
• Estate Tax: rate applied to the fair market value (FMV) of property in a person's estate at the time of death, the total estate must exceed thresholds set by state and federal governments.
• FMV: Fair Market Value
• Go Negosyo Communities: a program created by the Philippine Center for Entrepreneurship.