Is an entrepreneur who hops from one company to another to act as the innovation Champions providing creative and efficient solutions *?

Is a proactive process of developing a business venture to make a profit

one who takes advantage of the country’s social problems and turn them to profitable institutions with the intention of helping the disadvantaged community rather than making a profit

an entrepreneur in a large company or corporation who is tasked to think, establish, and run a new big idea or
project.

an entrepreneur who puts technology at the core of his or her business model.

an entrepreneur who hops from one company to another to act as the innovation champion, providing creative and efficient solution.

Where did the word “entrepreneur” originated
from?

Entre: “between”Prendre:“to take”Entreprendre: “undertaker or

adventurer”

*It has a ____________Origin

“An entrepreneur is a unique individual who has theinnate ability and extraordinary dedication toestablish and manage a business, acknowledging all

the risks and reaping its rewards.”

Five Levels of entrepreneurial development

The Self-EmployedThe managerThe LeaderThe Investor

The true Entrepreneur

IdealizationVisualizationVerbalization

Materialization

Social EntrepreneurIntrapreneurTechnopreneur

Extrapreneur

ProactiveAgents of changeRisk takersHave a sharp eye for opportunitiesSociableNetworkersDecisiveBalanced

Innovative

SpecialistsProblem solversLeaders

Communicators

What are the Pros and Cons of ENTREPRENEURSHIP VS. EMPLOYMENT?

Income, Hiring and Firing Organizational Setup, and
Major Key Result Areas, Daily Tasks, Leisure Time and Vacations, Taxation, Comfort Level at Work,

Careers in Entrepreneurship

1. Sari-sari store 2. Rice retailing 3. Food cart business4. Printing business 5. Buy-and-sell business 6. Street food business7. Flea market business or tiangge8. Online selling business9. Cellphone loading business10. Laundry and dry cleaning business 11. Hair styling and makeup business 12. Spa gym, and nail care business 13. Video and photography business14. Tutorial business 15. Baking business 16. Web site development and design/ blogging 17. Direct selling business 18. Car wash and car care business 19. Bar, café, and restaurant

20. Water station and LPG (liquid petroleum gas)

What are the different societal and economic benefits of
entrepreneurship?

1. produces more jobs that equate to an increase in national income.2. amplifies economic activities of different sectors of society.3. introduces new and innovative products and services.4. improves people’s living standards.5. disperses the economic power and creates equality.6. controls the local wealth and balances regional development.7. reduces social conflicts and political unrest.

8. elicits economic independence and capital formation.

Entrepreneurs dream enormously and desire to build an ideal environment.

Entrepreneurs start to create plans to make the dream a reality.

Involves sharing their ideas with other people, knowing that their vision is already occurring

Happens when the vision becomes a reality

What are the Pros and Cons of ENTREPRENEURSHIP and EMPLOYMENT? (income)

Entrepreneur*Income generated passively even the entrepreneur is resting*Income only earned when the business is successful*Opportunity income unlimited depending on the success of the businessEmployee*Income generated actively (i.e., on working hours only); no work = no pay*Income usually fixed per month and increase depending on the employer and the employee’s performance

*Income earned whether the business is successful or unsuccessful

What are the Pros and Cons of ENTREPRENEURSHIP and EMPLOYMENT? (Hiring and Firing Organizational Setup, and Major Key Result Areas)

Entrepreneur* Provide jobs; is the owner of the business and conducts the talent selection*Full responsible for serving customers, making the business profitable, sustainable, and providing employee satisfaction*Has the power to disengage nonperforming employees*Can venture into expansion of business such as franchising and buying other similar businessesEmployee*Seeks for a job; is the one applying for a job and is interviewed by the company’s hiring officers*Has the goal of satisfying only the employer or the direct supervisor*Fully dependent on the employer’s performance; is at risk if losing his or her job if the company does not perform well

*Can only work for the current employer exclusively

What are the Pros and Cons of ENTREPRENEURSHIP and EMPLOYMENT? (Leisure Time and Vacations)

Entrepreneur*Has a flexible schedule and can take unlimited number of vacation days (Applicable only if the business has stabilized already)Employee

*Has a limited number of vacation days imposed by the employer

What are the Pros and Cons of ENTREPRENEURSHIP and EMPLOYMENT? (Taxation)

Entrepreneur*Taxed on the net income can claim taxable income deductions for allowable expenses incurred by the business Employee

*Taxed on the gross income cannot use expenses incurred related to the job such as food and transportation expenses to claim for deductions from taxable income

What are the Pros and Cons of ENTREPRENEURSHIP and EMPLOYMENT? (Comfort Level at Work)

Entrepreneur*Is comfortable in doing multiple and challenging tasks and takes accountability with the risks and profits of the business Employee*May be comfortable with routine and minimal risks

*Comfortable in working for the company itself