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    Lesson 1 1

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    Angela Magtibay
    This document discusses the concept of entrepreneurship. It outlines learning objectives related to defining entrepreneurship, discussing theories of economic growth, and identifying entrepreneurial characteristics. It defines entrepreneurship as creating something new with value by investing time, effort, and risk. Entrepreneurs start and operate businesses, take risks, and receive rewards. They contribute to the economy through job creation, investment, taxes, and supplying goods. The document also discusses strategies the government uses to support small and medium enterprises.

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    Lesson 1 1

    Uploaded by

    Angela Magtibay
    33 views13 pages
    This document discusses the concept of entrepreneurship. It outlines learning objectives related to defining entrepreneurship, discussing theories of economic growth, and identifying entrepreneurial characteristics. It defines entrepreneurship as creating something new with value by investing time, effort, and risk. Entrepreneurs start and operate businesses, take risks, and receive rewards. They contribute to the economy through job creation, investment, taxes, and supplying goods. The document also discusses strategies the government uses to support small and medium enterprises.

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    Lesson-1-1

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    This document discusses the concept of entrepreneurship. It outlines learning objectives related to defining entrepreneurship, discussing theories of economic growth, and identifying entrepreneurial characteristics. It defines entrepreneurship as creating something new with value by investing time, effort, and risk. Entrepreneurs start and operate businesses, take risks, and receive rewards. They contribute to the economy through job creation, investment, taxes, and supplying goods. The document also discusses strategies the government uses to support small and medium enterprises.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    33 views13 pages

    Lesson 1 1

    Uploaded by

    Angela Magtibay
    This document discusses the concept of entrepreneurship. It outlines learning objectives related to defining entrepreneurship, discussing theories of economic growth, and identifying entrepreneurial characteristics. It defines entrepreneurship as creating something new with value by investing time, effort, and risk. Entrepreneurs start and operate businesses, take risks, and receive rewards. They contribute to the economy through job creation, investment, taxes, and supplying goods. The document also discusses strategies the government uses to support small and medium enterprises.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 13

    Concept of

    Entrepreneurship
    Lesson 1
    Learning Objectives:
    :These units on the Concept of Entrepreneurship shall help
    the student to:

    • define entrepreneurship in the context of small and


    medium -scale industries
    • discuss theories that explain how countries grow
    economically
    • discuss the relatioship between entrepreneurship and
    economic growth in the community
    • explain the socio-economic benefits from
    entrepreneurship

    2
    Learning Objectives:

    • identify entrepreneurial competencies


    • name the clusters of Personal Entrepreneurial
    Characteristics (PECs)
    • assess the personal entrepreneurial characteristics of
    successful entrepreneurs vis-a-vis PECs.

    3
    Concept of Entrepreneurship
    • Entrepreneurship
    – process of creating something new with
    value by devoting necessary time and
    effort assuming the accompanying
    financial, psychic, and social risk, and
    receiving the resulting rewards of
    monetary and personal satisfaction and
    independence.
    Concept of Entrepreneurship
    • Four basic aspects of being an
    entrepreneur
    1. Creation of something of value
    2. Devotion of necessary time and effort
    3. Assumption of necessary risks
    4. Getting rewards
    Concept of Entrepreneurship
    • Who is an entrepreneur?
    – A person who starts and/or operates a
    business.
    – creative and innovative
    – Willing to take risk
    – Usually, his kind of business is single
    proprietorship, because he does everything
    from production to selling.
    Role of Entrepreneurs in the Economy
    • Employment
    and Income

    Entrepreneurs
    Investment

    Savings
    and Taxes
    Concept of Entrepreneurship
    mobilizers of
    capital

    Service providers tax payers

    suppliers of
    employers products

    Figure 1-2. The Entrepreneur


    Concept of Entrepreneurship
    • To attain this, the MSMEs, should have
    more access to:
    (1) credit,
    (2) better sources of raw materials,
    (3) modern technology and
    (4) more marketing information.
    Concept of Entrepreneurship
    • The government has three strategies to
    help MSMEs.
    1. Provide credit, technology, and marketing support to new
    enterprises from P24 billion in 2004 to P309.98billion in
    2010.
    2. Tap overseas Filipino workers to invest their earnings in
    MSMEs.
    3. Promote greater involvement of local government units
    (LGUs) in promoting small business activities by providing
    them information on business opportunities, available
    sources of funds and the latest product design.
    Concept of Entrepreneurship
    • Ratification of RA 9178
    1. Exempt BMBEs from income tax and encourages LGUs to exempt
    or reduce local taxes imposed on BMBEs;

    2. Exempt Barangay Micro Business Enterprise (BMBEs) from


    coverage of the minimum wage law;

    3. Improve credit dellivery to BMBEs;

    4. Provide for technology transfer, production and management


    training, and marketing assistance to BMBEs

    5. Provide trade and investment promotion to BMBEs


    Entrepreneurs in Small and Medium Industries

    • Small and medium scale businesses are


    important because of the following reason.
    1. They help provide the supply of products to customer.
    2. They help provide personal service
    3. Small and medium scale business serves as a means of
    earning to an unemployed individual.
    4. The small and medium scale businesses also provide
    employment to other people.
    5. Small and medium scale entrepreneurs also pay taxes to
    the government and such payment allows the government
    to provide services to the people.
    • Thank YOU for your kind
    listening!
    • God Bless!

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