MODULE 1 “entreprendre”, a French word which
means “to undertake” (Aduana, 2016).
INTRODUCTION TO ENTREPRENEURSHIP
Entrepreneurs It is an art of observing
The Concept of Entrepreneurship correct practices in managing and
Why is Entrepreneurship the backbone of operating a self-owned wealth creating
the economy? business enterprise by providing goods
and services that are valuable to the
Entrepreneurship is the backbone customers (Aduana, 2016).
of the economy because it drives job
creation, innovation, and economic Entrepreneurship Five Salient Features of
growth, fostering a competitive and Entrepreneurship
dynamic marketplace. 1. Art of Correct Practices -
ENTREPRENEURSHIP Entrepreneurship is an art and not
a science thus, there is a constant
The capacity and willingness to change; it continuously grows,
develop, organize and manage a business develops, improves and expands.
venture along with any of its risks in order 2. Wealth Creating Venture - profit is a
to make a profit good indication of wealth,
improving the life of an
is the process of designing,
entrepreneur in terms of economic,
launching and running a new business.
financial, social, moral and
ENTREPRENEURSHIP psychological aspects are also
priceless outcomes of
• The word “entrepreneur” was derived entrepreneurship.
from the French verb entreprendre, which
means “to undertake. ” 3. Providing values to customers -
Products and services are
Social and Economic Benefits of considered valuable when they
Entrepreneurship satisfy the needs and wants of the
customers
1. It produces more jobs that equate
to an increase in National Income. 4. Opening and managing self
2. It amplifies economic activities of owned business- The concept of
different sectors of society. entrepreneurial endeavor may
3. It introduces new and innovative range from a small sari-sari store
products and services. up to multimillion companies as
4. It improves people’s living long as the business is managed by
standards. the owner himself.
5. It disperses the economic power
and creates equality. 5. Risk taking venture- Risk is the
6. It controls local wealth and act of doing something that
balances regional wealth. involves danger or risk in order to
7. It reduces social conflicts and achieve a goal.
political unrest.
ENTREPRENEUR
8. It elicits economic independence
and capital formation. An entrepreneur is someone who
develops an enterprise around an
MODULE 2:APPLIED ENTREPRENEURSHIP
innovation.
What is an Entrepreneurship? The term
They manage the business and
entrepreneur was derived from
assume the risk for its success.
Entrepreneurs are innovators, willing profitable/sustainable, and providing
to take risks and generate new ideas employee satisfaction.
to make it unique and profitable
solutions to the presentday problems. Has the power to disengage
nonperforming employees applying the
ENTREPRENEUR due process policy of dis engaging
personnel.
✓A person who sets up a business with
the aim to make a profit and creates a • Can venture into expansion of business
new business. ✓One who starts his such as franchising and buying other
own, new and small business. similar businesses
EMPLOYEE EMPLOYEE
✓It is an individual who works for • Seeks for a job; It is the one applying for
someone else in exchange for a job is interviewed by the company’s
compensation. hiring officer • Has the goal of satisfying
only the employer the direct supervisor
✓It is a person who is hired to provide
services to a company on a regular • Fully dependent on the employer’s
basis in exchange for salary or performance; at risk of losing his/her job if
compensation. the company does not perform well
Important Career Factors Entrepreneur •Can only work for the current employer
exclusively
1. Income ENTREPRENEUR
• Opportunity income unlimited, 3. Daily Tasks ENTREPRENEUR
depending on the success of the
business • Performs all necessary variable tasks to
• Income only earned when the establish and manage a startup business,
business is successful which usually takes most of the
entrepreneur’s time; spend more hours on
EMPLOYEE work than a regular employee and
-Income generated actively (i.e., sometimes gets no sleep.
on working hours only); no work = •Prepares policies, procedures, and
no pay memoranda for the business.
-Income usually fixed per month
and increase every year depending EMPLOYEE
on the employer and employee’s
•Has routine tasks and works on regular.
performance
-Income earned whether the •Follows policies, procedures, and
business is successful or memoranda from the employer
unsuccessful
3.Leisure Time and Vacations
2. Hiring and Firing, Organizational Setup,
and Major Key Result Areas ENTREPRENEUR
ENTREPRENEUR •Has a flexible schedule and can take
unlimited number of vacation days
• Provides jobs; It is the owner of the
business and conducts the talent selection EMPLOYEE
• Fully responsible for serving customers, •Has a limited number of vacation days
making the business imposed by the employer
5. Comfort Level at Work
ENTREPRENEUR the feeling of responsibility that a
person has toward the goals,
•Is comfortable in doing multiple and mission, and vision of the
challenging tasks and takes accountability organization he/she is associated
with the risks and profits of the business; with.
EMPLOYEE 5. Ability to accept change
✓Readiness to try different things
•May be comfortable with routines and or to hear and consider fresh ideas.
minimum risks; may also be comfortable ✓In business world, capitalizing on
in working for company itself positive changes will help a
business survive and even prosper.
Employees dream their plans.
6. Creative
Entrepreneur plan their dreams.
✓It is a way of thinking that
Employees aim for the promotion in their inspires, challenges, and helps
company. Entrepreneurs aim for the people to find innovative solutions
promotion in their business. and create opportunities out of
problems.
• Employees think ‘Money is everything’. 7. Initiative
Entrepreneurs know ‘Time is everything’. ✓The power or opportunity to act
or take charge before others do.
• Employees fall under a particular job
✓Self-driven behavior of
category.Entrepreneurs create their own
individuals or organizations to
profile.
identify and pursue new
• Employees seek direction while opportunities, solve problems, or
entrepreneurs create a path. take action without being explicitly
instructed or guided by others.
MODULE 3 :Entrepreneurial 8. Profit-Oriented
1. Hardworking ✓Primary aim is to generate
✓Being a hardworker means revenue that exceeds the costs and
habitually working diligently for expenses associated with running
long period of hours. We have this the business, ultimately resulting in
saying in Filipino, “ginagawang a positive financial return for the
gabi ang umaga, at umaga ang owners or shareholders.
gabi” 9. Ability to plan
2. Self-confident ✓Having the skill and capacity to
✓It is also important that as an carefully think ahead, set goals,
entrepreneur, one must believe outline strategies, and organize
oneself more than anybody else. resources in order to achieve
3. Disciplined specific objectives or desired
✓ Able to carefully control the way outcomes for a company.
that you work, live, or behave, 10. Risk Taker
especially to achieve a goal. ✓ A ✓Refers to an individual or
good entrepreneur does not ask entrepreneur who is willing to take
himself the question, “What will I calculated risks and make
buy with my money?” but ask, decisions that involve uncertainty
“Where will I invest my money to and the potential for financial loss
earn more money?” instead. in pursuit of business opportunities
4. Commitment or innovation.
✓ Level of enthusiasm an MODULE 4: JOB OPPORTUNITIES FOR
employee has towards his/her ENTREPRENEURSHIP
tasks assigned at a workplace. It is
ENTREPRENEURSHIP CARRER Entrepreneurial automotive mechanics can
OPPPORTUNITIES FOR ACADEMIC TRACK establish their own auto repair shops.
They can offer specialized services, such
1.Business Reporter as vintage car restoration or performance
He is someone who can write tuning, to differentiate themselves from
articles is in a prime position to take the competitors
lead on covering a local business beat 3.ELECTRICIAN
2.Business Consultant They can specialize in residential,
These are people who can go to a client commercial, or industrial electrical
site, identify problems and fix them services, offer energyefficient solutions, or
focus on home automation and smart
3.Sales Manager technology installations
He is someone who knows how to 4.COMPUTER PROGRAMMER
represent a company, manage accounts
and follow-up on leads Create software applications, mobile apps,
or web development services
4.Research development and directors
He is someone who understands business
concepts, systems, procedures and 5.COMPUTER ENGINEER
practices Venture into hardware design and
5.Fundraiser manufacturing, product development,
robotics, or embedded systems
He is someone who raises money for a
specific purpose and meant not to make
profit but instead for maintaining the
organization or toward the purpose for
which it was created
6.Teacher
He is someone to inspire students how to
increase their entrepreneurial intention
through acquiring the attitude towards
entrepreneurship
7.Talent Recruiter
He is someone whose job is in sourcing,
attracting, recruiting, interviewing, and
onboarding employees to an organization
JOB OPPORTUNITIES FOR TECHVOC
JOB
1.COOK/CHEF They can showcase their
unique culinary skills, create signature
dishes, and build a brand around their
culinary expertise
2.AUTOMATIVE MECHANIC
