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Lesson 2 2

The document discusses several key points about entrepreneurial competencies and entrepreneurship: 1. It outlines characteristics of successful entrepreneurs such as a strong desire to succeed, being risk-takers, and having creativity and confidence. 2. It describes some of the rewards of entrepreneurship including potential financial profit, freedom over one's business, and psychological benefits like prestige and independence. 3. It also notes some challenges of entrepreneurship like long hours and emotional stress from running a business.

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Angela Magtibay
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55 views15 pages

Lesson 2 2

The document discusses several key points about entrepreneurial competencies and entrepreneurship: 1. It outlines characteristics of successful entrepreneurs such as a strong desire to succeed, being risk-takers, and having creativity and confidence. 2. It describes some of the rewards of entrepreneurship including potential financial profit, freedom over one's business, and psychological benefits like prestige and independence. 3. It also notes some challenges of entrepreneurship like long hours and emotional stress from running a business.

Uploaded by

Angela Magtibay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Entrepreneurial

Competencies
Lesson 2
n eu r i a l
Entrepre e s
ten c i
Compe
• They have strong desire to succeed
• They are risk takers
• They are creative
• They take responsibilities for their
activities
• They have high level of confidence
w a rd s o f
Re p
e n e u rs hi
E n trep r
1. Money or material return or profit
– Profit generally comes in the form of money or
cash
– Profit is what is left after deducting the cost
and expenses from the selling price of
products and services
Selling price – cost and expenses = profit
a rd s o f
Rew p
e n e u r s h i
Entre pr
2. Freedom
- the entrepreneur has freedom to do what
he feels fit in his business
- The products may be those he bought for
sale, those that are converted to other
products, or services rendered to others
- Freedom includes what product to sell,
where to sell and when to sell
a rd s o f
Rew p
e n e u r s h i
Entre pr
3. Psychological rewards
a. Good feeling of being of service to others
-the entrepreneur is able to satisfy customer’s needs
-to give work or employment to others
-to pay taxes to government
-to support the community
b. Prestige
- There is sense of power, not dependent on someone
else for income
- It improve self-esteem and self-confidence
neurs hi p
of En trepre
Problems

• Entrepreneurship demands hard work


• Entrepreneurship demands long working
hours
• Entrepreneurship may cause emotional
stress
va l u a t i o n
Se l f e
• Strengths and Weaknesses
– What are your strengths?
– What are your weaknesses?
• Weaknesses like lack of self-confidence, inability to
speak well and to convince people are temporary
and can be reversed.
e n e u r s h i p
Entr e pr
• Real Life Situations where Entrepreneurial
competencies are applied
Examples:
1. The Entrepreneurial Mechanist
2. The Entrepreneurial CPAs
3. The Entrepreneurial Doctors
4. The Entrepreneurial Dermatologist
(more examples)
e rs to th e
R emi n d
re n eu r
Entrep
• As a starting business entrepreneur, bear
in mind that you would start business by
yourself or with a small group of people.
e rs t o t h e
Rem i n d
e pr e n e u r
En t r
• It is important to stick to the basics of running a business
such as:
1. Make sure you get things done.
2. Be close to the customers.
3. Innovative, be open to new ideas
4. Produce through people. Trust them
5. Be hands-on in running your business.
6. Be clear with your values
7. Know your expertise. Continue doing it. Stick to what
you know best.
e rs t o t h e
Rem i n d
e pr e n e u r
En t r
Continuation…
8. keep things simple
9. keep a lean staff.
10. keep firm on directions but at the
same time give your people
autonomy. Be good at balancing the
two.
e n e u r s h i p
En tr e pr
Learning “Pinoy” Values Can Make you a
Good Businessman…
According to Phil. Daily Inquirer (April 15,2015),
these are the 3 important aspects of leading Filipino
employees:
1. Social Acceptance
2. Business and Pleasure
3. Professionalism and Personalism
e n e u r s h i p
Entr e pr
• Social Acceptance
– it is important to have genuine regard for workers.
Filipinos look for caring leaders, who will give time to
interact with subordinates, listen and understand
employees concerns, and value their contribution to
the organization
– Giving critical or corrective feedback to subordinate is
best done in private. Public loss of face is considered
a major indignity, but praises for performance should
be targeted at groups
• Business and Pleasure
– Social scientist have noted that Filipino do not see
work as separate from fun. Work is closely tied up
with other social practices and the climatic conditions
in the country.
– Managers can enhance their leadership effectiveness
by tapping with filipino penchant for a festive
atmosphere
– New members in the work group can be welcomed
with some ritual fanfare by volutere or assigned group
of old members
Thank YOU for your kind listening!
GOD Bless!

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