1. Entrepreneurship Basic Concepts and Principles Mark Joseph E. Baja By:
Bachelor of Science in Accountancy
Career Service Professional Eligible * Licensed Insurance Agent
Six Sigma Yellow Belt Professional * Certified Six Sigma Yellow Belt
Certified Microsoft Innovative Educator

2. House Rules
Engage. 1
Engage.. 2
Engage… 3
….CAA 

3. What comes to mind when you think of the word -?

4. Objectives of the Session:
To set forth a general definition of entrepreneurship 1
To know the stages of business start-up 2
To differentiate entrepreneur from business owner 3
To know the qualities and nature of an entrepreneur 4
To acquire understanding of the entrepreneurial mindset/spirit 5

5. What is Entrepreneurship?
ENTREPRENEUR is derived from the French word entreprendre, meaning “to undertake.”
Meanwhile, -SHIP is a suffix added to a common word to connote ideology or action.
Thereby, making ENTREPRENEURSHIP as an IDEA OR ACT TO UNDERTAKE.

6. What to undertake as an Entrepreneur?
Business 01
Project 02
Enterprise 03
Program 04
Partnership 05
ETC.

7. Stages of Business Start-Up1
Idea Generation 2
Testing the Idea 3
Business Plan 4
Plan Execution 5
Commencement of Operations

8. Let’s COMPARE and CONTRAST: Entrepreneur vs. Business Owner
Business Owners
Manage their businesses by expecting stable sales, profits, and growth
Entrepreneurs
Focus their efforts on innovation, profitability and sustainable growth

9. Activity
Entrepreneurial Aptitude Assessment

10. Entrepreneurship defined
A dynamic process of vision, change, and creation.

11. Essential Ingredients of Entrepreneurship:
Opportunity
Calculated Risks
Business Plan
Resources

12. Who is an Entrepreneur?
The entrepreneur is one who undertakes to organize, manage, and assume the risks of a business.
Although no single definition of entrepreneur exists and no one profile can represent today’s entrepreneur, research is providing an increasingly sharper focus on the subject.

13. Entrepreneurial Mindset/Spirit
 It's an attitude and approach to thinking that actively seeks out change, rather than waiting to adapt to change.
It's a mindset that embraces critical questioning, innovation, service and continuous improvement.
An INTEGRATED CONCEPT.

14. 3 Masteries that Reinforce the Entrepreneurial Mindset/Spirit
Self Mastery – Knowing and capitalizing on Strengths and Weaknesses 01
Environment Mastery – Scanning Opportunities and Threats 02
Enterprise Mastery – Ability to perform and/or to find people who can do the Functional Areas of Management 03

16. References: Introduction to Entrepreneurship, 8e Donald F. Kuratko
 Center for Voluntary Managers of Greece (KEMEL), Greece
takes_to_be_an_entrepreneur_0.pdf
Go Negosyo 50 Inspiring Entrepreneurial Stories
Forbes Online
your- entrepreneurial-spirit-alive-as-the-company-you-work-for-grows/
Wadhwani Foundation Online

17. Questions?

18. Quiz :P
1-4. Enumerate the 4 Essential Ingredients of Entrepreneurship.
5.Define the word Entrepreneurship.

19. Assignment
Research and read about the Types of Entrepreneurs. Note as many as you can find. We will discuss.
Please prepare for a recitation-discussion. Those who will not be able to answer fairly with my questions will be assumed to have not done the assignment.

20. By: Joel Barker (Futurist, Author, Lecturer and Film Maker)
Vision without Action is just a DREAM, Action without vision is just PASSING TIME, Vision with Action can CHANGE THE WORLD.

21. THANK YOU VERY MUCH :D #End