entrep

• The word “entrepreneur” was derived from the French verb enterprendre, which means “to undertake
• This is pinpointing to those who “undertake” the risk of enterprise.
• The enterprise is created by an entrepreneur and the process is called “Entrepreneurship.”
• Entrepreneurs are innovators. They are willing to take the risks and generate unique ideas that can provide profitable solutions to the needs of the market and the society
• Development of Managerial Capabilities - this means that one of the benefits an entrepreneur gets is to develop his managerial skills
• Creation of Organizations - which means that because of entrepreneurship many organizations will exist
• Improving Standard of Living - this means that entrepreneurship can lift up the economic status of an individual
• Means of Economic Development - this means that not only the life of the entrepreneur is improved but also the society where the business is located.
• Initiative - doing things even before being told.
• Proactive - which means he can classify opportunities and seize it.
• Problem Solver - which means he can retain good relations with other people.
• Perseverance - meaning he will pursue things to get done regardless of challenges
• Persuasion - means that he can entice people to buy even if they don’t want to
• A Planner - he makes plans before doing things and does not fail to monitor it
• Risk-taker - which means that he is willing to gamble but he will calculate it first
• Decisive - an entrepreneur must be firm in making decisions
• Leader - an entrepreneur must have the charisma to be obeyed by his employees
• Communicator - an entrepreneur must have a convincing power
• Opportunity seeker - an entrepreneur must have the ability to be the first to see business chances.
• Proactive – an entrepreneur can control a situation by making things happen or by preparing for possible future problems.
• Risk Taker – an entrepreneur has the courage to pursue business ideas.
• Innovative - the entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.
• Innovative Entrepreneurs They are those who always make new things by thinking of new ideas
• Imitating Entrepreneurs They are those who don’t create new things but only follow the ideas of other entrepreneurs.
• Fabian Entrepreneurs They are skeptical about changes to be made in the organization. They don’t initiate but follow only after   they are satisfied
• Drone Entrepreneurs They are those who live on the labor of others. They are die-hard conservatives even ready to suffer the loss of   business.
• Social Entrepreneurs They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise   development.
• Business Consultant - with the expertise of in the field of entrepreneurship, he can be a very good source of advices to other entrepreneurs and would be business men.
• Teacher - a graduate of an entrepreneurship can use his knowledge in teaching.
• Researcher - the entrepreneur can be employed as a researcher by an

  enterprise
• Sales – the entrepreneurship graduate can apply as a salesman
• Business Reporter - the entrepreneur being expert in the field, can be employed as a   business reporter
• Entrepreneurial Ideas - The creation of an entrepreneurial idea leads to the identification of entrepreneurial opportunities, which in turn results in the opening of an entrepreneurial venture.
• The entrepreneurial process of creating a new venture
• Entrepreneurial mind frame - This allows the entrepreneur to see things in a very positive and optimistic way in the midst of difficult situation. Being a risk - taker, an entrepreneur can find solutions   when problems arise.
• Entrepreneurial heart flame - Entrepreneurs are driven by passion; they are attracted to discover satisfaction in the act and process of discovery. Passion is the great desire of an entrepreneur to achieve his/her   goals.
• Entrepreneurial gut game - This refers to the ability of the entrepreneur of being intuitive. This also known as intuition. The gut game also means confidence in one’s self and the firm belief that everything you aspire can be reached.
• Changes in the environment - Entrepreneurial ideas arise when changes happen in the external environment. A person with an entrepreneurial drive views these changes positively.
• CLIMATE - the weather conditions
• NATURAL RESOURCES - such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain