Chapter 1 PDF

AN
ALL ABOUT ENTREPRENEURSHIP

ENTREPRENEURSHIP AND YOU
EXPLORE IDEAS AND OPPORTUNITIES
PROBLEM SOLVING FOR ENTRERENEURS

DEFINE ENTREPRENEURSHIP
REGONIZE THE ROLES OF ENTREPRENEURS
DETERMINE THE REASONS BUSINESSES SUCCED OR FAIL

People who own, operate, and take the risk of
WHAT IS AN a business venture.
ENTREPRENEUR?
They are engaged in entrepreneurship, the
process of running a business of one’s own.
Identify unmet needs in the marketplace.
Provide a service or product to meet the

market needs.
Point 2
Point 1 Point 3
EMPLOYEEs VS ENTREPRENEURs
EMPLOYEEs VS ENTREPRENEURs
Point 1 Point 2 Point 3
Entrepreneurs assume Employees won’t directly Employees as

risk. received any profits. intrapreneurs.
WHY DO PEOPLE BECOME
ENTREPRENEURS?
LEAVE CORPORATE
ENVIRONMENT
OWN schedule
EARNING WHILE AT
HOME
PERSONAL DREAM
1 2 3 4
TYPES OF ENTREPRENEURIAL
BUSINESSES
Manufacturing
Other Business
Retailing Areas
sandbox
sandbox
sandbox
Wholesaling
Service
sandbox
sandbox
Green Entrepreneurship
Types of businesses focus on
being organic or “green”.
Producing products or services

benefit the earth or conserve
resources.
SOCIAL ENTREPRENEURSHIP
Entrepreneurs or business who
have a strong desire to help
others who are in need.
Find innovative solutions to

society’s most pressing social
problems.
BUSINESS SUCCESS OR FAILURE
SURVIVABILITY
5 to 10 years
SURVIVABILITY
5 to 10 years
CAPITAL & EMPLOYEES

Adequate capital and being
large enough to have
employees.
SURVIVABILITY
5 to 10 years
CAPITAL & EMPLOYEES KNOWLEGE & EXPERIENCE

Adequate capital and being Understanding and
large enough to have experience, idea, skils.
employees.
SURVIVABILITY SOCIAL NETWORKING

5 to 10 years Business pitch, mentoring,
connect and build network.
CAPITAL & EMPLOYEES KNOWLEGE & EXPERIENCE

Adequate capital and being Understanding and experience,
large enough to have idea, skils.
employees.
NOTIFICATION
1
CHARACTERISTICS OF SUCCESSFUL
ENTREPRENEURS
CHARACTERISTICS OF SUCCESSFUL
ENTREPRENEURS
Startup businesses can fail because of
the owner’s poor planning, lack of
business knowledge, lack of
entrepreneurial characteristics, inability
to work with others, or failure to choose
the right business. The success or failure
of a business is generally the direct
responsibility of the entrepreneur.
CHARACTERISTICS OF
SUCCESSFUL ENTREPRENEURS
INDEPENDENT
SELF-CONFIDENT
HAVE DETERMINATION AND PERSEVERANCE
GOAL-ORIENTED
CREATIVE
HAVE A STRONG WORK ETHIC
MASTER NETWORKERS
KEEP UP TO DATE WITH TECHNOLOGY
CHARACTERISTICS OF GOOD TEAM MEMBERS
ü Commitement
ü Competency
PENYEBAB
ü Communication
ü Cooperation
DAMPAK
ü Creativity PENANGGULANGAN
ARE YOU RIGHT FOR ENTREPRENEURSHIP?
SELF-ASSESMENT:
ü Assess your Interests PENYEBAB
ü Asses your Aptitude DAMPAK
ü Assess your Advantages of Entrepreneurship
PENANGGULANGAN
ü Asses the Disadvantages of Entrepreneurship
HOBBIES & INTEREST
PAST EXPERIENCES
DISCOVERY OR INVENTION
LOOK FOR IDEAS

INVESTIGATE OPPORTUNITIES
Sources Information:
1. Internet
PENYEBAB
2. Library
3. Books DAMPAK
4. Magazines PENANGGULANGAN
5. Goverment Publications
Compare Different Opportunities:
1. Is there a market in my community for this kind of business? Will
people buy my product or service?
PENYEBAB
DAMPAK
2. How much money would it take to start this business? Will I be able to
borrow that much money?
3.
PENANGGULANGAN
How many hours a week is it likely to take to run this business? Am I
willing to commit that much time?
Compare Different Opportunities:
4. What are the risks associated with this business? What is the rate of
business failure?
PENYEBAB
5. Does my background prepare me to run this kind of business? DAMPAK
Do
most people who own this kind of business have more experience?
6. How much money could I make running this business?
PENANGGULANGAN
SMART GOALS
SMART GOALS
Specific Goals should be specific and answer "What?" "Why?"
and "How?"
Measurable Goals should establish ways to measure your progress.
ADD subtitle
Attainable Goals should not be too far out of reach.
Realistic Goals should represent things to which you are willing
to commit.
Timely Goals should have a time frame for achievement.
Goal I will learn more about starting my own business.
SMART Goal I will learn more about starting my own catering
business by obtaining information from the Small
Business Administration and talking with the owners of
three local catering businesses by the end of the
month.
OTHER GOALS
FINANCIAL GOALS
Include how much money you will earn and how
quickly you will pay off debts.
ADD subtitle
NONFINANCIAL GOALS
Its about personal satisfaction not for monetary
gain. It serve a community need, do something they like, or
enjoy the personal independence.
PROBLEM SOLVING FOR ENTREPRENEURS
USE THE PROBLEM-SOLVING MODEL
Evaluate alternatives and
Define the problem select the best option
Gather information Take action
Identify various
Evaluate the action
solutions
COMMUNICATE
Good communication is important in the problem solving process.
When trying to resolve problems and make decisions, you most likely will
have to interact with others.
BRAINSTORM
Brainstorming is a creative problem-solving technique that involves
generating a large number of fresh ideas. Brainstorming is often done in a
group setting, but it is a very useful activity for an individual as well.
LEARN FROM MISTAKES
If you want to become an entrepreneur, you cannot be afraid to make
mistakes. Mistakes are likely to happen, but a negative situation can be
turned into a positive one. You should view your mistakes as a learning
experience. Mistakes can help you learn what to do or what not to do, which
proves to be valuable in the problem-solving process.

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AN

ALL ABOUT ENTREPRENEURSHIP

PROBLEM SOLVING FOR ENTRERENEURS

DETERMINE THE REASONS BUSINESSES SUCCED OR FAIL

Identify unmet needs in the marketplace.

Provide a service or product to meet the

Point 1 Point 2 Point 3

Entrepreneurs assume Employees won’t directly Employees as

Producing products or services

Find innovative solutions to

CAPITAL & EMPLOYEES

CAPITAL & EMPLOYEES KNOWLEGE & EXPERIENCE

SURVIVABILITY SOCIAL NETWORKING

CAPITAL & EMPLOYEES KNOWLEGE & EXPERIENCE

LOOK FOR IDEAS

Gather information Take action

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