Recitation

• It is an individual who organizes, manages, and assumes the risks of a business with the goal of generating economic value.

  Entrepreneur
• Who popularized or coined the french word "entrepreneur"?

  Jean Baptiste Say
• Give two (2) aspiring entrepreneurs that give a significant impact in the field of business. These entrepreneurs are mentioned in our discussion.

  Tony Tan Caktiong, Alfredo Yao, Mark Zuckerberg
• It is the ability and readiness to build, organize, and administer a business, including any uncertainty, in order to generate a profit.

  Entrepreneurship
• Who made a contribution to the theory of entrepreneurship, distinguishing between an entrepreneur and a manager.

  Frank Knight
• MSMEs stands for?

  Micro Small and Medium Enterprises
• In the 2017 list of establishments of the Philippines Statistics Authority (PSA), how many recorded business enterprises operating in the Philippines?

  924,721
• It is valued in the Philippines as a means of empowering the poor, increasing productivity, and stimulating innovation.

  Entrepreneurship
• In what article and section highlights the role of private enterprises in supporting the equitable distribution of income and wealth, sustaining production of goods and services, expanding productivity, therefore raising  the quality of life?

  Article 7 Section 1
• Give at least 1 Filipinos excellent human relations.

  Pakikipagkapwa-tao, Pakikibagay, Pagmamalasakit, Pakikisama, Bayanihan
• Give 3 key traits that contribute to entrepreneurial success.

  Initiative, Taking Responsibility for Actions Having a Clear Strategy, Staying Focused on Goals, Making Educated Decisions, Managing Resources Efficiently Are All Crucial Traits that Contribute to Entrepreneurial Succes
• Why do we need to empower an entrepreneur?

  Opinionated Question
• What is the first step to become an empowered entrepreneur you want to be?

  Take responsibility for learning what you need
• A ______ is an idea think tank focused on achieving your goals.

  Mastermind Group
• This is your rock star yearbook and should depict your success moments.

  Success Log
• How many strategies for empowerment in entrepreneurship?

  8
• Who was the author of “The Power of your Subconscious Mind?”

  Joseph Murphy
• We must be empowered to create our own roadmap.

  Creates Opportunities
• It is a buck-passer that if we fail, then we tend to blame others.

  Sense of Pride
• It makes the Filipino refuse to take full responsibility for his actions when he fails.

  Amor Propio
• __________, if not tempered by intelligent judgments and planning, may lead to imprudent decision-making.

  The Bahala na Attitude
• Close family ties are a potent source of support to the new entrepreneur. At the same time, the family can also be a problem if we don't watch out.

  Success is "relative" syndrome
• It is particularly destructive to entrepreneurship

  Crab Mentality
• Look for opportunities where you can leverage your strengths to create value and differentiate yourself in the market.

  Personal Passion and Skills
• To Build relationships with industry experts, potential customers, and other entrepreneurs.

  Networking
• Utilize their insights to enhance your concepts and pinpoint areas requiring improvement?

  Feedback
• What are the unmet needs or pain points of our target customers?

  Market Research
• Are there technological advancements that could enable new solutions or improve existing ones?

  Trend Analysis