nstp 2: lesson 3

• Entrepreneur is the one who organizes, manages, and assumes the risk of abusiness/enterprise or community business.
• Peter Druckers (1986) states that entrepreneurship is a result-oriented attitude.
• Social entrepreneurs are hunter-gatherers of our culture.
• Stages of Community-Based Enterprises Growth (Revita-Arriola et.al., 1996)
• First Stage: Augmenting income and setting the stage for enterprise creation. This involves interventions that aim to promote self-reliance; enabling beneficiaries of the program to start becoming participants who can shape their own future
• Second Stage: Promoting the growth of community-based enterprise. This answers the need for greater reach and multiplier effect of livelihood programs and projects.
• The Third Stage: Mainstreaming of community-based enterprises. Mainstreaming is the crucial stage for development organizations.
• R.A. 6977, otherwise known as the Magna Carta for Small Enterprises, is an Act to promote, develop, and assist small and medium enterprises....
• Determinants of Successful Entrepreneurship (Feliciano R. Fajardo, 1994)

  1. ability to conceptualize and plan;
  2. ability to manage others;
  3. ability to manage time and to learn; and
  4. ability to adapt to change.