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• Core competencies


  The features or characteristics that allow a business to stand out from its competitors
• Core competencies


  • They cover the business's manpower capabilities, acquired assets, capital, and registered patents
  • They are very similar to the strengths of a business
• Core competence

  Something unique that a business has or can do strategically well
• Core competencies of an entrepreneur

  • Entrepreneur as a missionary
  • Entrepreneurs are goal-driven
  • Entrepreneur as a marketing man
  • Entrepreneurs start small to big
• Entrepreneur as a missionary


  The entrepreneur considers the business as a mission, with a passion rather than just a drive
• Entrepreneurs are goal-driven


  They achieve the maximum results of their efforts because they work towards clear and measurable targets
• Entrepreneur as a marketing man


  Marketing is an important process for entrepreneurs, focusing on acquiring and retaining customers
• Entrepreneurs start small to big


  Most successful entrepreneurs start a small scale business but with their managerial talents and persistence, they are able to grow the company
• Factors that develop entrepreneurial activity

  • Entrepreneur's initiative
  • Organization of capital resources
  • Development of administrative machinery
  • Development of entrepreneurial autonomy
  • Development of SWOT analysis
• Entrepreneur's initiative


  The ability to convert ideas into actions, plan and manage projects with creativity, innovation, and risk-taking to achieve goals
• Organization of capital resources


  Human resources and financials are important in starting up a business
• Development of administrative machinery


  The management develops a structure based on the need for operations, assigning duties and responsibilities to individuals with appropriate skills and qualifications
• Development of entrepreneurial autonomy


  The entrepreneur develops autonomy as he leads all the activities in the business organization, knowing the best direction and calculating the risk involved
• Development of SWOT analysis


  Evaluating the business's strengths, weaknesses, opportunities, and threats
• SWOT (Strengths, Weaknesses, Opportunities, and Threats) is a tool used in evaluating a business. Entrepreneurs should know how to analyze their business using this tool.
• The making of a Filipino entrepreneur is like a process of trial and error. Most Filipinos start a business when they see that other businesses are profitable.
• Some entrepreneurs start their businesses with innovative ideas.