ENTREP

• PERSONALITY FACTORS INCLUDE


  • Initiative - doing things even before being told
  • Proactive - can classify opportunities and seize it
  • Problem solver - can retain good relations with other people
  • Perseverance - will pursue things to get done regardless of challenges
  • Persuasion - can entice people to buy even if they don't want to
  • Planner - makes plans before doing things and does not fail to monitor it
  • Risk-taker - willing to gamble but wise enough to offset the risk
• ENVIRONMENTAL FACTORS


  • Political
  • Climate
  • Legal system
• TYPES OF ENTREPRENEURS


  • Innovative Entrepreneurs - always make new things by thinking of new ideas
  • Imitating Entrepreneurs - don't create new things but only follow the ideas of other entrepreneurs
  • Fabian Entrepreneurs - skeptical about changes, don't initiate but follow only after they are satisfied
  • Drone Entrepreneurs - live on the labor of others, die-hard conservatives even ready to suffer the loss of business
  • Social Entrepreneurs - initiate changes and drive social innovation and transformation
• Entrepreneurship


  The act of doing, taking, and undertaking
• DATA COLLECTION METHODS


  • Survey (Questionnaire) - most common way to gather primary research with the use of questionnaires or interview schedule
  • Interview - one of the most reliable and credible ways of getting relevant information from target customers
  • Focus Group Discussion (FGD) - excellent method for generating and screening ideas and concepts
• FORMS OF ENTREPRENEURIAL VENTURE

  • Sole Proprietorship - business venture by one person only
  • Corporation - entrepreneurial venture formed by at least five but not more than fifteen persons
  • Partnership - business venture that is owned by two or more persons
• CLASSIFICATIONS OF ENTREPRENEURIAL VENTURE ACCORDING TO NATURE

  • Merchandising - engaged in the buying and selling of products or goods
  • Service - provides services to customers
  • Manufacturing - producer of goods or products
  • Agriculture - engaged in the production of agricultural goods and animals
  • Hybrid - possesses the characteristics and nature of combined types of business entities
  • Special Corporation - includes cooperatives, joint ventures, and nonprofit organizations
• Initiative


  doing things even before being told
• Proactive 


  Can classify opportunities and seize it
• Problem Solver


  Can retain good relations with other people
• Perseverance 


  He will pursue things to get done regardless of challenges
• Persuasion


  He can entice people to buy even if they don’t want to
• A Planner


  Makes plans before doing things and does not fail to monitor it
• Risk-Taker


  Willing to gamble but he will calculate it first
• Innovative Entrepreneurs


  those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas.
• Imitating Entrepreneurs

  those who don't create new things but only follow the ideas of other entrepreneurs.
• Fabian Entrepreneurs

  skeptical about changes to be made in the organization.

  They don't initiate but follow only after they are satisfied.
• Drone Entrepreneurs


  those who live on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.
• Social Entrepreneurs


  those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development
• Survey

  The most common way to gather primary research
• Interview 


  most reliable and credible ways of getting relevant in information from target customers. It is typically done in person between the researcher/ entrepreneur
• 2 Types of interview

  •Personal Interview

  •Telephone interview
• Focus Group Discussion 


  excellent method for generating and screening ideas and concepts It can be moderated group interviews and

  brainstorming sessions
• Sole Proprietorship 


  A business venture by one person only.
• Corporation

  formed by at least five but not more than fifteen persons.
• Partnership

  owned by two or more persons.