The growth or establishment of small enterprises is the specific contribution of entrepreneurship in every economy of the world.
Creation of Job Opportunities
It provides entry-level jobs that are so necessary to learn or acquire experience for unskilled employees.
. Innovation
Entrepreneurship promotes creativity that brings new ideas, products, technology, the industry, the quality of goods, etc. to the economy, thus rising Gross Domestic Products and people's standard of living.
Impact on Community Development
Entrepreneurship promotes abundant retail facilities, a higher level of homeownership, fewer slums, better, sanitation standards, and higher expenditure on education, recreation, and religious activities.
The Consequence of Business Failure
If the business or companies collapse many will lose their jobs: suppliers and financial institutions face a crisis of recovery.
Political and Economic Integration of Outsiders
Entrepreneurship is the most productive way to incorporate those who feel discarded and excluded into the economy
Spawns Entrepreneurship
Entrepreneurship is a breeding ground for new inexperienced adventurers.
Enhances the Standard of Living
Entrepreneurship, by its creativity, provides enormous types of goods of different natures.
Promotes Research and Development
Entrepreneurship offers research and development funds to universities and academic institutions.
Opportunity Seeking
They have endless curiosity to discover new or different ideas and see whether these ideas will work in the marketplace.
Persistence
the quality that allows someone to continue doing something or trying to do something even though it is difficult or opposed by other people...
Commitment work contract
refers to the keeping of an entrepreneur's word or promise
Demand for quality and efficiency
entrepreneurs try to do something better, faster or cheaper.
Risk Taking
refers to the willingness and ability of entrep. to make decisions and take actions that involve uncertainty, potential loss, and the possibility of failure
Goal Setting
when business professionals create specific objectives for the future. These can include bothlong-termandshort-termgoals.
Information Seeking
An entrepreneur undertakes personal research on how to satisfy customers and solve problems
Systematic planning and monitoring
An entrepreneur plans for whatever he/she expects in the business. He/she does not leave things to luck.
Persuasion and Networking
An entrepreneur acts to develop and maintain business contacts by establishing good working relationships and uses deliberate strategies to influence others
Self-Confidence
Entrepreneurs must believe in oneself if he or she wants others to believe in him or her.
SOCORROC. RAMOS
SOCORRO C. RAMOS
- Began working as a saleswoman in Goodwill Bookstore in Escolta when she was 18 years old. They put up the National Book Store when she married Jose Ramos.- Today, more than70 National BookStore can be found nationwide.
TONY TANCAKTIONG
TONY TAN CAKTIONG
- Jollibee sold Magnolia Ice Cream and instead, it was known as selling chicken and burgers.
- Jollibee's president and CEO, was a name to note, not only here in the Philippines but also in other parts of the world, such as the US, Hong Kong, China, Indonesia and Japan.
TONY TAN CAKTIONG
1994 - bought Greenwhich
2000 - bought Chowking
2005 - bought Red Ribbon
2010 - bought 70% of Mang inasal
2011 - bought Burger King
2016 - bought 30% of Mang inasal
2019 - bought Coffee Bean & Tea Leaf
2021 - bought a franchise of Yashinoya
bought Greenwhich
1994 (TONY TAN CAKTIONG)
bought Chowking
2000 (TONY TAN CAKTIONG)
bought RedRibbon
2005 (TONY TAN CAKTIONG)
bought 70% of Mang inasal
2010 (TONY TAN CAKTIONG)
bought Burger King
2011 (TONY TAN CAKTIONG)
bought 30% of Mang inasal
2016 (TONY TAN CAKTIONG)
bought Coffee Bean & Tea Leaf
2019 (TONY TAN CAKTIONG)
bought a franchise of Yashinoya
2021 (TONY TAN CAKTIONG)
LUCIO TAN
LUCIO TAN
- His ambition was to be a scientist but his destiny was bound to become a businessman.
- His company was a mess until he worked in the tobacco industry.
- Now, he's owning Asia Brewery, Tanduay, Fortune Tobacco, Philippine Airlines, Allied Bank, and more
HENRY SY
HENRY SY
- was born in Xiamen China on December 25, 1923.
- He had used to market American shoes in his early twenties.
- Then he was able to get his first shoe mart store after three years.
- His self-discipline, hard work and perseverance made him what he is in his time.
HENRY SY
"You have to have a dream, whether big or small. Then plan, focus, work hard and be very determined to achieve your goals. There is no substitute for hard work." -
JAIME AUGUSTO ZOBEL DE AYALA
JAIME AUGUSTO ZOBEL DE AYALA
- The President and Chairman of Ayala Corporation.
- He had won several awards and the latest was 2012 Entrepreneur of the Year.
- His approach to be effective in this sector has been getting partners in the community with those in need.