Entrepreneur 1

• Entrepreneurship


  Came from the French word "entreprendre" meaning "To Undertake"
• Tradespeople


  Merchants and Artisans
• Importance of Entrepreneurship


  • Employment Creation
  • Economic Development
  • Technological Advancement
  • Market Dynamics
  • Socio-Cultural Changes
• Employment Creation


  • Hiring employees, result in increasing employment and benefit the economy as a whole
• Economic Development


  • Expanding operations and investing in state of the art technology and equipment
• Technological Advancement


  • Bringing new Ideas and products that change how people live
• Market Dynamics


  • Emergence of new competition and expanded options, encouraging to enhance their products or service
• Socio-Cultural Changes


  • Revolutionizing societal changes are being approached and solved, solving social and cultural challenges
• Types of Entrepreneurship


  • Agripreneurship
  • Buyer Entrepreneurship
  • Ecopreneurship
  • Imitator Entrepreneurship
  • Intrapreneurship
  • Large Business Entrepreneurship
  • Scalable Startup Entrepreneurship
  • Small Business Entrepreneurship
  • Social Entrepreneurship
  • Technopreneurship
• Agripreneurship


  Deals with the production and selling of various agricultural products, agro-bio products, biotechnical service, energy saving etc.
• Buyer Entrepreneurship


  Business individuals who possess substantial capital, acquire successful brands or small businesses
• Ecopreneurship


  Involves "green" business with opportunities to save the earth while working good profit
• Imitator Entrepreneurship


  Creates business by copying or adapting an existing business concept
• Intrapreneurship


  Being an entrepreneur within a company or organization, involve taking risk, being innovative
• Large Business Entrepreneurship


  Involves taking calculated risks to develop new market offerings to remain competitive
• Scalable Startup Entrepreneurship


  Launching a small scale enterprise intending to quickly expand and transform into a highly lucrative company, focuses on disruptive innovation
• Small Business Entrepreneurship


  Involves starting business on a smaller scale rather than expanding it into a large corporation or opening multiple branches
• Social Entrepreneurship


  Focuses on innovating and creating novel solutions to address pressing social issues (poverty, education, and healthcare)
• Technopreneurship


  Solves complex business problems and brings uniqueness and novelty to the business process by combining entrepreneurial skills and technology
• SMME


  • Micro - Less than P50,000
  • Cottage - P50,001 to 500, 000
  • Small - P500, 001 to P5, 000, 000
  • Medium - P5, 000, 001 to P20, 000, 000
• Competencies of Being an Entrepreneur

  • Leadership
  • Articulate
  • Sociable
  • Adaptable
  • Collaborative
  • Multifaceted
  • Resilient
  • Proactive
  • Innovative
  • Risk-take
  • Creative
  • Passion
• Leadership


  Display their passion, vision, and mission
• Articulate


  Recognize the importance of facilitating communication in all directions
• Sociable


  Recognize aligning the organizational approach with unique characteristics
• Adaptable


  Entrepreneur must be decisive, passionate, and adaptable
• Collaborative


  Must know when it's crucial to connect with their employees
• Multifaceted


  Must be adaptable and multi-skilled, manage all business aspects
• Resilient


  Entrepreneurs must embrace failure and never give-up easily
• Proactive


  Entrepreneurs should take initiative to address problems before they happen
• Innovative


  Developing new market offerings
• Risk-taker


  Entrepreneur must be aware of the potential risk of starting a business and mitigate risk
• Creative


  Entrepreneurs who succeed must possess a relentless curiosity to explore novel concepts
• Passion


  Entrepreneur passion is a constant source of motivation
• Types of Motivation


  • Extrinsic Behavior
  • Intrinsic Behaviour

  
• Extrinsic Behavior


  It is about offering rewards
• Intrinsic Behaviour


  People do tasks because they are passionate about it
• Achievement motive


  Strong motivation to succeed, achieve greatness
• Power Motive


  Desire for control, influence, and the ability to impact others and change circumstances
• Affiliation Motive


  Act of pursuing, upholding or revitalizing emotional connection