INSTRUCTIONAL MODULE AND ITS COMPONENTS

COURSE GE Elec 2 Technopreneurship

DEVELOPER AND THEIR BACKGROUND Yvette S. Legaspi
Assistant Professor 1
College of Business and Accountancy
Attached CCS Faculty
yslegaspi@tsu.edu.ph

COURSE DESCRIPTION This course is designed as an introduction to the

rapidly evolving world on creative new venture in internet
marketing. This course intends to give an understanding
of Technopreneurship fundamentals. The topics covered
include marketing in information age, developing
business plan, financing and marketing business,
innovation and creativity, financial management, and
products identification. Students will be exposed to
various case studies on successful global and local
entrepreneurs and technopreneurs.
COURSE OUTLINE A. Review on Entrepreneurship
B. Technopreneurship
C. Creativity and Innovation
D. Midterm Exams
E. Planning and organizing a Business
F. IT Business Development
G. Final Exams

CHAPTER 2
TITLE Technopreneurship

I. RATIONALE This chapter will discuss the concept of

Technopreneurship and its importance. Also included in
this chapter are the difference Entrepreneur and
Technopreneur, traits and characteristics of
Technopreneur and challenges in technopreneurship. It
will also cite and discuss successful global and local
technopreneurs.
INSTRUCTION TO THE USERS Lectures are provided in this module. Activities should
be answered after reading and understanding each
topic. Module should be submitted as soon as
completed.

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II. LEARNING At the end of the chapter, student should be able to:
OBJECTIVES 1. define the concept of Technopreneurship
2. explain the importance of technopreneurship
3. differentiate Entrepreneur and Technopreneur
4. discuss the traits and characteristics of Technopreneur
5. cite and discuss successful global and local
technopreneurs
6. identify challenges in Technopreneurship
7. CONTENT
A. PREPARATORY Entrepreneurship
ACTIVITIES

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Technology

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 Technology + Entrepreneurship
= TECHNOPRENEURSHIP

We are now living in world full of technology and by the time

its advancement is continuous. Since there is technology, there is also
person who is selling a technology; since it is selling it is also called
entrepreneurship. When we bond the technology and the
entrepreneurship, that person is called technopreneurs.

B. DEVELOPMENTAL
ACTIVITIES 1. Concept of Technopreneurship

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 Technology + Entrepreneurship

The word technology comes from the Greek words,

transliterated techne and logos. Techne means art, skill,
craft, or the way, manner or means by which a thing is
gained. Logos means word, the utterance by which inward
thought is expressed, a saying, or an expression.

Technology – is the making, modification, usage,

and knowledge of tools, machines, techniques, crafts,
systems, and methods of organization, in order to solve a
problem, improvea pre-exisiting situation. It is an applied
science.

Entrepreneurship – it is the practice of converting

good ideas to something profitable.
- Is a process of identifyiong and starting a
business venture, asourcing and organizing the required
resources and taking both the risk and rewards associated
with the venture.

TECHNOPRENEURSHIP - Is simply
entrepreneurship ina technology intensive context.
- It is the process of merging technology and
entrepreneurial talent and skills.
- High tech ventures in ICT, electronics, internet,
life sciences and biotech.
- Service firms where technology is critical to
their mission, such as: e-Bay, FEDEX, SMART money
transfer, e-learning
- is a particular sub-field of entrepreneurship
focusing on how science and technology is or is intended to
be converted into “value.” In particular, it relates to technical
innovation and behavioral or organizational innovation
based on technical means. Basically, it is assumed, but also
more generally shown, that entrepreneurship for technical
areas to found new technology-based firms
- is a style of business leadership that involves
identifying high-potential, technology-intense commercial
opportunities, gathering resources such as talent and
capital, and managing rapid growth and significant risks
using principled decision-making skills.”

2. Importance of Technopreneurship

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 1. Employment creation– entrepreneurs create
employment for themselves and other people. They are
employers, and hence assists in solving the unemployment
problem in the country.

2. Local resources – when entrepreneurs utilize

local resources, the value of these resources increases.

3. Decentralization and diversification of

business – entrepreneurs are able to identify business
opportunities and locate business in suitable areas,
including rural areas.

4. Promotion of technology – by being creative,

entrepreneurs are able to contribute to the utilization and
development of technology.

5. Capital formation – entrepreneurship increases

capital formation and investment.

6. Promotion of an entrepreneurial culture – by

projecting successful images, entrepreneurs become
models than can be copied by young people.

3. Difference between Entrepreneur and

Technopreneur

Entrepreneur - people who enter into people who

enter into new and pioneering ventures new and pioneering
ventures.
- is whole-brained, meaning he/she uses - is whole-
brained, meaning he/she uses both the left brain (logical)
and right both the left brain (logical) and right brain
(creative).

Technopreneur - a technology idea owner who

ventures to make his idea a commercial reality
-An entrepreneur who gets a technology idea, finds
an opportunity to make it a commercial reality.

There are similarities and differences between

entrepreneur and technopreneur.

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 Their similarities are:

1. Identify needs
2. Build products
3. Mitigate risks
4. Take the products to market.

However, the two have differences, such as:

4. Characteristics of Technopreneur

1. Hardworking. diligent in laboring and that puts effort

into doing and completing tasks.Hard work is a vital aspect
in every business man, especially in technopreneurship. No
one have ever achieved success without hard work.
2. Self-confidence. is the courage to know yourself,
believe in yourself, and act on your beliefs. is a positive
feeling about oneself and the world that leads to courageous
actions born out of a sense of self-respect.
3. Builds for the future, As a Technopreneur we are
made to change the future, so you should consider the

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possibility of the future. You should handle and adopt to
changes.
4. Profit-Oriented, being a technopreneur, you should
be a business minded, you should be aware of marketing
strategies or techniques to acquire profits and financial gains
base from your ideas.
5. Goal-oriented, an individual who do their best just to
finish and do better on their task. Every Technopreneur
should be goal-oriented which means responsible enough to
complete and accomplish their task that would end in a good
results.
6. Persistent, despite of strenuous and difficulty you
should be positive enough to finish and accomplish the task
or any situation that affects your business. You should not
be weak mentally and physically, think of a future as a
success and do the best to make it.
7. Respond to Feedback, as a businessman you
should handle and operate criticism. Criticism or feedback
are also one of the sources of your flaws, if you have many
negative feedback it also means you have many things to
improve on. As a Technopreneur, you should take notes of
the feedback given to you or on your team, think it as an
inspiration to do better and make it more preferable to create
advantages.
8. Demonstrate Initiative, it means you should have
savvy approach in deciding things, you should have a better
strategy to solve difficulty and ameliorate the situations. You
should be knowledgeable with a lifelong learning attitude,
learn from every situation.
9. Willing to Listen, in business you should not be
boastful to your team and workers, you should have the
personality that is willing listen to their ideas and suggestion,
do not think of yourself as a superior but you should be a
someone who knows to listen and pay attention, and always
ready to hear something new.
10. Set his own Standard, a characteristic that denotes
a good quality in every situation. Technopreneur is not
someone who is contented in a simple and average things,
setting own standard means leveling up from simple into
advantageous thinking.
11. Copes with uncertainty, a characteristic that knows
how to take measures and deal with uncertainty just
problems or changes. Someone who know is calculated in
every situation it may be good or bad.

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 12. Committed, a characteristic that is committed to fulfill
a task or contract, you are devoted into something and doing
the best you have to accomplish it.
13. Build on Strength, you are someone who is qualified
to be called strong, both physically and mentally, you have
the quality of toughness on any situation even with a great
force of pressure, you can handle a great amount of weight
and can manipulate it naturally.
14. Reliable and has Integrity, an every individual should
possess, as a great individual who can change the future
you should have a nature that is reliable, you should know
how to handle trust and have the confidence to maintain it.
With integrity that knows how to be respect individuals, you
are truthful enough to show your feelings, viewpoints and
intentions.
15. Risk-Taker. Risk taker doesn’t always mean you are
going to take a way that is dangerous, but it should be
something that is already calculated, risking something but
there should be something in return, a big return.

5. Global and Local Technopreneurs

Global

1. Elon Musk

The South African entrepreneur is known for Tesla

Motors, famous for the first fully electric sports car. He is also
famous for being a co-founder of PayPal. His company,
X.com merged with Confininty Inc. to eventually become the
PayPal we know today. Even before PayPal, he already had
an Internet based company with Zip2, a business directory
for newspapers, which he sold to Compaq in 1999.

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 Today, along with Tesla Motors, he is the CEO and
CTO of SpaceX, a civilian space transport company known
as the first privately funded company to launch, orbit and
recover a spacecraft and send one to the International
Space Station. He also provided the concept for SolarCity, a
solar energy company, and is promoting his idea
for Hyperloop, a high speed transportation system.

2. Jay Adelson

Jay Adelson was one of Time’s Top 100 Most

Influential People In The World in 2008 and as a finalist for
the 2009 list for being the CEO of Digg, one of the
biggest websites at the time. Before Digg, Adelson co-
founded Equinix, a company that provides data centers and
Internet exchanges. Along with Kevin Rose, he went on
to start up Digg and Revision3, where Adelson sits
as Chairman of the Board.
Adelson went on to co-found SimpleGeo in 2010, a
company that provides infrastructure for apps to add in
geolocation features. He remained as CEO until it was
bought by Urban Airship, where Adelson remain as an
advisor. Today, he sits on several boards and performs as
an advisor for many different companies. His recent
venture, Opsmatic, aims to assist other companies in their
operations.

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 3. Evan Williams

One of the founders of Twitter, he already had

number of companies under his belt. His first successful
venture was Pyra Labs, which he help start. Their
crowning achievement was Blogger, that was later sold to
Google. He later went on to establish Odeo, a podcasting
company, which was later sold off to Sonic Mountain.
His biggest accomplishment to date has to be Twitter,
born out of the incubator Obvious Corp, which he co-
founded with Biz Stone and former Odeo employees. Since
Twitter, Williams created Medium, a publishing platform, with
fellow Twitter co-founder and Blogger developer, Biz Stone.
Today, Williams and Stone are winding down Obvious Corp.
to focus on individual startups.

4. Sean Parker

He was caught at the age of 16 by the F.B.I.

for hacking into the network of a Fortune 500 company.
Parker then went on to co-found Napster, which was
formerly one of the biggest file sharing sites on the Internet

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and a name that is synonymous with music piracy. So how
exactly do you top that? His first venture after Napster
was an online address book and social networking service
called Plaxo, where he was eventually ousted by the
company’s financiers.
He was instrumental in the development of Facebook,
eventually becoming their first president. As Mark
Zuckerberg noted, “Sean was pivotal in helping Facebook
transform from a college project into a real company”,
helping with investors and giving advice. He also helped
fund Spotify and founded Airtime.com, a real time video chat
site with fellow Napster co-founder Shawn Fanning, along
with Causes.com, an online campaigning platform.

5. Reid Hoffman

More of a serial investor than an entrepreneur but

without him, a lot of the companies you know today would
probably have a difficult time coping. His first
company, SocialNet, was initiated in 1997, an online
matching site for both dating and interest based pursuits; a
precursor to today’s social networks. He later became a
member of PayPal’s board of directors (do you see the trend
here?).
He went on to co-found LinkedIn, a business oriented
social network. He is known as one of the the most
successful angel investors of Silicon Valley, becoming one
of the first investors in Facebook and Zynga, as well as
investing in Digg, Wikia, Flickr, Last.fm, just to name a few.

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Local

1. Diosdado “Dado” Banatao, Monstron

Dado Banatao is a popular name in Filipino

success stories and technopreneurs forum. He was
born in Cagayan Valley Province, a place where
landscapes of farm is visible. His father is a rice farmer
and housekeeper. He then went to Ateneo de
Tuguegarao and at an early age of 15 pursued college
education at Mapua Institute of Technology where he
graduated cum laude with an Electrical Engineering
degree.
After accomplishing a degree at Mapua Institute
of Technology, Dado went to United States and worked
while enrolling in a graduate study program at the
University of Washington. He also pursued a Master of
Science in Electrical Engineering and Computing
Science at Standord University.
Dado was also fortunate for spending time with
engineers and professors at Homebrew Computer Club,
including the legendary Steve Jobs and Steve Wozniak.
Dado was popular for having invented the two of
the foundation technologies in every Personal
Computer (PC) until today, that is, the chip set and the
graphics acceleration architecture. He also founded
technology start-ups during his time. Mostron, was one
of that. During 1993, was the S3, considered the most
profitable company in the world. During 1996, was

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Chips & Technologies which later that year he sold to
Intel.
At present, he is in partnership with Tallwood
Venture Capital (https://www.tallwoodvc.com/), a
venture firm focused on semiconductor technology
solutions for computing, communication, and
consumer platforms.

2. Joey Gurango

In an interview, Joey shared his back story of how he

had to go through bankruptcy and loss of programmers. His
first real business was a pizza delivery. His first IT business
wasMacintosh.That is when Joey was known in the field of
IT, forming and running successful software companies. He
founded several companies during the 90s including Match
Data Systems (MDS) USA in 1987, MDS Philippines in
1991, and MDS Australia in 1996. He also sold MDS to Great
Plains Software, which was bought by Microsoft in 2001.
Joey has co-founded several other software start-ups such
as SPRING.ph. Joey served as the Asia Pacific Regional
Director for Microsoft Business Solutions, before he left to
form his own Gurango Software.
He is currently the CEO of Gurango Software, global
provider of Human Capital Management solutions. It is
hailed as the most successful Microsoft Dynamics partner in
the Philippines. He was also appointed President at the
Philippine Software Industry Association. Currently, Joey
also sits as one of the Directors at Xurpas Inc . and as
Managing Director of Kation Technologies.

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 Joey’s IT advocacy is to grow the Philippine software
products sector to become a major contributor to nation-
building.

3. Orlando Vea

Orlando was raised by civil servant (his father)

and retired school teacher (his mother). He graduated
from the University of the Philippines in 1970 with a
degree in A.B. Economics, cum laude.
Orlando B. Vea was appointed Chief Wireless
Advisor of SMART. Until his appointment, he was head
of the PLDT Group’s media and content businesses as
President and CEO of MediaQuest Holdings, Inc, a
wholly-owned subsidiary of the PLDT Beneficial Trust
Fund, responsible for the Group’s thrust into Mobile TV,
Direct to Home TV and its initiatives toward other
major mass media and new media platforms.
Mr. Vea is not new to SMART. He founded the
company in 1991 and was President and CEO until
2000. He led the company during that period from
start-up to a leadership position in the mobile
telecommunications industry.
Together with his co-founder Dave Fernando,
they put cell sites in remote areas providing coverage
or signals to everybody anywhere in the country. They
aim not only to give mobile devices available for all but
also the basic telephone service which they think the
people really need.

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 4. Rachel De Villa

Rachel graduated from Quezon City Science High

School in 2009 and obtained a Computer Science degree
from the University of the Philippines in 2013. She was
chosen for her pioneering work on agritech startup Cropital,
which she founded and serves as chief technology officer.
Cropital is a platform that gives farmers access to scalable
and sustainable financing through the crowd. The process is
also called crowdfunding. It enables the public to help
finance local Filipino farmers and gain returns at the same
time. The farmers get to develop their operations with the
aim of increasing their margins, while investors get a
nominal return and the satisfaction of helping an often
marginalized group.
Prior to Cropital, Rachel had no experience in
entrepreneurship. Asked in an interview on what inspires her
to create Cropital, it is because of argriculture, in which she
says, is the most neglected in the society.
Because of Cropital, Rachel was selected for Forbes
30 Under 30.

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 5. Ralph Santos

Santos moved to Canada with his family when he was

still six years old.
Santos is listed as one of the most successful anti-
fraud experts in the Philippines. A lot people go for
consultation to him like those from banks, large corporations,
and even the Philippine government. This led him to create
the platform VMoney.
Santos recalled in an interview in Rappler, observing
caregivers were sending a majority of their salaries to the
Philippines, but 10 percent of it was going to providers for
remittances. That’s when they made the remittance
business.
V-Money is a consumer-centric system that offers
revolutionary technology. It envisioned equipping Filipinos
most especially the OFWs all over the world with the
capability to provide for their loved ones and manage their
finances in real-time, anytime, anywhere, at highly
competitive fees. VMoney is among the first companies
worldwide to harness the power of NFC or near field
communication

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 For more technopreneurs you may visit the ff. links:

https://www.hongkiat.com/blog/serial-entrepreneurs-companies-
create/
https://www.tekrevol.com/blogs/10-inspiring-female-
technopreneurs-shaping-the-world/

https://rubenlicera.com/1024/18-world-class-filipino-technopreneurs-
startup-owners-inspire/

5. Challenges in Entrepreneurship/Technopreneurship

1. Cash flow management

The challenge: Cash flow is essential to small

business survival, yet many entrepreneurs struggle to pay
the bills (let alone themselves) while they’re waiting for
checks to arrive. Part of the problem stems from delayed
invoicing, which is common in the entrepreneurial world. You
perform a job, send an invoice, then get paid (hopefully) 30
days later. In the meantime, you have to pay everything from
your employees or contractors to your mortgage to your
grocery bill. Waiting to get paid can make it difficult to get by
— and when a customer doesn’t pay, you can risk
everything.
The solution: Proper budgeting and planning are
critical to maintaining cash flow, but even these won’t always
save you from stressing over bills. One way to improve cash
flow is to require a down payment for your products and
services. Your down payment should cover all expenses
associated with a given project or sale as well as some profit
for you. By requiring a down payment, you can at least rest
assured you won’t be left paying others’ bills; by padding the
down payment with some profit, you can pay your own.
Another strategy for improving cash flow is to
require faster invoice payments. Invoice clients within 15
days, which is half the typical invoice period. This means if
a customer is late with a payment, you have two weeks to
address it and get paid before the next month’s bills are due.
In addition, more and more companies are requiring
immediate payment upon project completion — and in our
digital age when customers can pay invoices right from their
mobile phones, it’s not a stretch to request immediate
payment.

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You can also address cash flow management from the other
side of the equation by asking your own vendors to invoice
you at 45, 60 or even 90 days to allow ample time for your
payments to arrive and checks to clear. If you can establish
a good relationship with vendors and are a good customer,
they’ll be willing to work with you once you explain your
strategy.
And if you’re looking for an easier way to pay bills and
save money, consider sending checks via email.

2. Hiring employees

The challenge: Do you know who dreads job

interviews the most? It’s not prospective candidates — it’s
entrepreneurs. The hiring process can take several days of
your time: reviewing resumes, sitting through interviews,
sifting through so many unqualified candidates to find the
diamonds in the rough. Then, you only hope you can offer
an attractive package to get the best people on board and
retain them.
The solution: Be exclusive. Far too many help
wanted ads are incredibly vague in terms of what
qualifications candidates must have, what the job duties are,
what days and hours will be worked, and what wages and
benefits will be paid. You can save yourself a ton of time by
pre-qualifying candidates through exclusive help wanted ads
that are ultra-specific in what it takes to be hired at your firm,
as well as what the day-to-day work entails. Approach your
employee hunt the same way you would approach a
customer-centric marketing campaign: through excellent
targeting.
Once you have a pool of prospects, arrange for a
“walking interview” in which you take candidates on a tour of
their working environments. Ask questions relevant to the
job and to candidates’ experiences, expectations,
dedication, and long-term goals. Don’t act like an overlord
determining which minion gets to live another day; rather,
behave as though you’re seeking a partner to help you
operate and grow your business.
Take the time to seek real references: not the
neighbor lady your candidates grew up with, but people who
can honestly attest to their work ethic and potential. Once
you’ve picked a candidate and before you’ve made a job
offer, ask them specifically what it will take to keep them
employed with you for the long haul. Tell them to be honest
with their expectations. Provided they do a good job for you,

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you’ll know what kind of rewards they’re seeking, and you
can make adjustments accordingly: Do they want more
vacation? The opportunity for advancement? More pay?
Freedom from micromanagement?
This isn’t to say you have to bend backwards for your
employees; however, it stands to reason that if you make
expectations clear for both parties you can lay the foundation
for a long-term, mutually-rewarding client-boss relationship.

3. Time management

The challenge: Time management might be the

biggest problem faced by entrepreneurs, who wear many
(and all) hats. If you only had more time, you could
accomplish so much more!
The solution: Make time. Like money, it doesn’t grow
on trees, of course, so you have to be smart about how
you’re spending it. Here’s how:

 Create goal lists: You should have a list of lifetime

goals, broken down into annual goals, broken down
into monthly goals, then broken down into weekly
goals. Your weekly goals, then will be broken down
into specific tasks by day. In this manner, what is on
your task list in any given day is all you need to do to
stay on track with your lifetime goals
 If any tasks do not mesh with your goals, eliminate
them
 If any tasks do not absolutely have to be completed
by you, delegate them
 Consistently ask yourself: “Is what I’m doing right now
the absolute best use of my time?”

4. Delegating tasks

The challenge: You know you need to delegate or

outsource tasks, but it seems every time you do something
gets messed up and you have to redo it anyway.
The solution: Find good employees (see above) and
good outsourced contract help, for starters. You might have
to pay a little more for it, but the savings in time (and the
resulting earning potential) more than make up for it.
Next, be ultra-specific as to what you want done. It
will take a little more time at first, but write down detailed
steps listing exactly what you want your help to do. Don’t
make assumptions, and don’t assume your help will be able

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to think for themselves (they can, but they will complete the
job verbatim because that’s what they’re trained to do). So,
don’t say “list stats in a spreadsheet” when you can say
“alphabetically list XYZ in the right spreadsheet column, then
list statistic A in the next column.” It might seem like overkill,
but take the time to be specific once, and your help will get
it right every time thereafter.

5. Choosing what to sell

The challenge: You know you could make a mint if

you just knew what products and services to sell. You’re just
unsure how to pick a niche.
The solution: Admit that you’re weak in identifying
prosperous niches, and delegate the task to someone who
is strong in this area. You don’t have to hire a huge,
expensive marketing firm; rather, recruit a freelance
researcher who has experience in whatever type of field
you’re considering entering (retail e-commerce, service
industry, publishing, etc.). Have them conduct market
research and create a report with suggested niches, backed
by potential profit margins and a complete SWOT analysis:
Strengths, Weaknesses, Opportunities and Threats.
This isn’t to say you should have someone else
decide for you; however, if you’re not good at identifying
niches it’s a good idea to have someone who is make
suggestions. You can then analyze the suggestions for
yourself to determine if you agree. Taking this step now can
save you a lot of time, money and hassles later — and it can
save your entire business and livelihood.

6. Marketing strategy

The challenge: You don’t know the best way to

market your products and services: print, online, mobile,
advertising, etc. You want to maximize your return on
investment with efficient, targeted marketing that gets
results.
The solution: Again, if you’re not adept at creating
marketing plans and placing ads, it’s a good idea to
outsource your marketing strategy to someone who is. At
this point, all you need is a core marketing plan: what
marketing activities will you undertake to motivate
purchases? Give your planner a budget and tell them to craft
a plan that efficiently uses that budget to produce profits.

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This is not the time for experimentation. You can do that
later, on your own or with the advice of your marketing
strategist, after you’ve established a baseline that works.

7. Capital

The challenge: You want to start or grow your

business, but you have little capital to do it with.
The solution: There are many ways to earn funding,
from traditional bank loans to family and friends to
Kickstarter campaigns. You can choose these routes,
certainly, but I prefer the self-fueled growth model in which
you fund your own business endeavors.
Instead of trying to launch a multi-million dollar
corporation overnight, focus on your initial core customers.
Continually work to find new customers, of course, but
consistently strive to be remarkable to those customers you
already serve. Word-of-mouth will spread, and more
customers will come looking for you. As they do, develop
systems and business processes that allow you to delegate
tasks without sacrificing quality. Your business will grow
slow and steady, and you’ll be able to solve problems while
they’re small.
Think about where you want to be five years from
now. Can you get there without help, even if you have to
delay growth a bit while you’re doing it? This is the best
strategy to adopt for small business entrepreneurs. If you do
feel you need funding, however, be sure to consult an
attorney to make sure you’re not giving up too much of your
business to get it.

8. Strapped budget

The challenge: Even though cash flow is fine, it

seems you never have enough in your budget to market your
company to its full potential.
The solution: Unless you’re one of the Fortune 500
(and even if you are), every entrepreneur struggles with their
budget. The key is to prioritize your marketing efforts with
efficiency in mind — spend your money where it works —
and reserve the rest for operating expenses and
experimenting with other marketing methods.
Keep a close eye on your money, too: chances are,
there are areas you can skim to free up more funds. Unless
an expense is absolutely critical to your business and/or
represents an investment with an expected return, cut it. In

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fact, do this exercise: See how lean you can run your
business. You don’t have to actually do it, but cut everything
you can and see if you still feel you can run your business
(save for what you have to delegate and market with).
Somewhere in between your leanest figure and your current
budget is a sweet spot that will allow you to be just as
effective and leave funds leftover to fuel growth.

9. Business growth

The challenge: We’re assuming you are growing, not

that you can’t grow, and you’ve come to the point at which
you can’t take on any more work in your current structure.
The solution: Create new processes that focus on
task delegation. Many entrepreneurs, used to wearing all the
hats, find themselves in this position once they’ve achieved
a modicum of success. Because you’re doing everything,
your growth halts to a stop when it hits a self-imposed
ceiling. The only way to break through is to delegate tasks
to others to take yourself out of the production end, and
segue into management and, finally, pure ownership.

10. Self-doubt

The challenge: An entrepreneur’s life is not enviable,

at least in the beginning. It’s extremely easy to get
discouraged when something goes wrong or when you’re
not growing as fast as you’d like. Self-doubt creeps in, and
you feel like giving up.
The solution: Being able to overcome self-doubt is a
necessary trait for entrepreneurs. Having a good support
system will help: family and friends who know your goals and
support your plight, as well as an advisory board of other
entrepreneurs who can objectively opine as to the direction
of your business.
One of the best ways to deal with self-doubt is to work on
your goals and tasks lists. When you’re down and lack
motivation, look at your lists and know that the tasks you do
today are contributing to your lifetime goals. By doing them,
you’re one step closer, and you can rest assured that you
are, indeed, on the path to business success.
Entrepreneurs face many challenges, and volumes have
been written about how to overcome them. Perseverance
and intelligence are your allies; use them to your advantage
to keep working toward your goals. Understand that you’re
not the first to struggle. Because of that, there are many

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 resources available to help you get through your darkest
days as an entrepreneur, so you can reap the immeasurable
rewards that come with building your own successful
business.
C. CLOSURE Technopreneurship it is a simple entrepreneurship in
ACTIVTIES a technology intensive context. It is a process of merging
technology prowess and entrepreneurial talent and skills.
Technopreneur is the person who destroys the existing
economic order by introducing, new products and services,
by creating new forms of organizations and by exploiting
new raw materials. It is someone who perceives
an opportunity and creates an organization to pursue it. A
person who undertakes risks that has the chance of profit.
Technopreneurs distinguishes themselves through
their ability to accumulate and manage knowledge, as well
as their ability to mobilized resources to achieve a specified
business or social goal.
Entrepreneurship is a way of thinking and acting that
is opportunity obsessed, holistic approach and leadership
balanced for the purpose of wealth creation. Searches for
change , responds to it, and exploits it as an opportunity.
Innovation is the specific tool of entrepreneurs, the means
by which they exploits change as an opportunity for a
different business or a different service. Entrepreneurship
pursuit of opportunity without regard to the resources
currently under one’s control.

2. SYNTHESIS / Technopreneurship is a new breed of

GENERALIZATION entrepreneurship. It involves a coming together of people
who are intelligent, driven, creative, tech-savvy and
passionate and have an appetite for calculated risk. Unlike
entrepreneurship this is seldom a one-man show – the
success of Technopreneurship hinges on how well the team
functions together.
There is a common belief in the potential of the tech
product, an inherent DNA to work hard and against all odds,
a coming together of people with myriad skillsets and
resources that are critical for the success of the venture. For
a Technopreneur, it is not as much about the money as it is
about the affirmation that the ‘idea’ is a worthy one and that
it works. The idea needs to work for the greater common
good – it doesn’t need to be a global blockbuster. For this
reason, Technopreneurship is an expensive exercise and
Technopreneurs need to work without pay until their ideas
become commercially viable. It is not often easy and they
have to persevere, lead and motivate their team, search for

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 people with the money, pitch their idea and get them to join
forces. It is here that their past work experience and network
becomes extremely useful.
3. EVALUATION Activity 1

Define Technopreneurship the way you understand it.

Give at least 5 examples of technopreneurship in the
Philippines. Use a separate sheet for your answers.

Activity 2

Give at least 3 impotance of Technopreneurship and

explain each. Use a separate sheet for your answers.

Activity 3

Give at least 3 differences of Entrepreneur and

Technopreneur. Use a separate sheet for your answers.

Activity 4

Give examples of how the technopreneur

demonstrates characteristics such as: Self-confidence,
Profit-Oriented, and Risk-Taker . Use a separate sheet for
your answers

Activity 5

Among the global and local technopreneurs

presented in this module, whom among them inspired you a
lot? and Why? Give one global and one local technopreneur.
Use a separate sheet for your answers.

Activity 6

Among the challenges in Entrepreneurship/Techno-

preneurship, Whichnis the most difficult one to solve? and
Why? Use a separate sheet for your answers.

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 Activity 7

How do you see yourself as a technopreneur? Would

you take the same career path that Steve Jobs took? Why
or why not? Use a separate sheet for your answers.

4. ASSIGNMENT / AGREEMENT Answer the activities on each topic provided in this module

REFERENCES ROBERT D. HISRICH et.al. (2017). ENTREPRENEURSHIP,

TENTH EDITION. McGraw-Hill Education,
ISBN 978-0-07-811284-3

Thomas N. Duening, et.al. (2015).Technology

Entrepreneurship Taking Innovation to the Marketplace
Second Edition. Elsevier
ISBN: 978-0-12-420175-0

Dr, Brychan Thomas (2013). Technology-Based

Entrepreneurship. Bookbon.com.
ISBN: 978-87-403-0564-7

https://www.hongkiat.com/blog/serial-entrepreneurs-companies-create/

https://www.tekrevol.com/blogs/10-inspiring-female-technopreneurs-shaping-the-
world/

https://rubenlicera.com/1024/18-world-class-filipino-technopreneurs-startup-
owners-inspire/

https://www.deluxe.com/sbrc/financial/top-10-challenges-faced-entrepreneurs-today-solved

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