Intro to Entrepreneurship

• Entrepreneur


  • The word "entrepreneur" originated from the French word entreprendre which means "undertake"
  • A developer or designer who creates new ideas and business procedures in response to market demands
  • A person who strongly advocates and practices the concepts and principles of entrepreneurship
  • A person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk
  • Owns and manages the small entrepreneurial endeavor or small business
• Reasons Why Small Businesses and Ordinary Small Businesses are Flourishing

  • A small amount of money can be used to start up simple sari-sari store business, or a small stall to pushcart in which food and other stuff can be sold in quantities
  • The mere opening of a small ordinary business is not entrepreneurship and the person owning and running its day-to-day operation is not an entrepreneur but rather a business person
• Small Business


  • A business or enterprise that adopts and practices the principles of entrepreneurship
  • An Entrepreneur transforms feasible new ideas into an entrepreneurial venture
• Ordinary Small Business


  • A business enterprise managed and operated by an owner who does not advocate for or practice the concepts and principles of entrepreneurship
  • An ordinary small business person only builds upon existing ideas to gain immediate earnings from the business
• Entrepreneurship

  • The art of launching a business which offers novel products, processes, or services. We call it creativity.
  • Defined as the process of improving the world by addressing major issues such as initiating social change, developing an innovative product, or presenting new ideas
  • The art of observing correct practices in managing and operating a self-owned, wealth-creating business enterprise by providing valuable goods and services to customers