1. OPPORTUNITY SEEKING

2. COURSE DESCRIPTION At the end of the course, the students are able to identify the needs of society, to actively seek answers to these needs in the form of new products or services, to quantify risks of offering these products or services to the market, and to evaluate the resulting projects in terms of societal priorities and the well-being of the larger community.

3. LESSON 1: Definition, Importance, characteristic and motivations for entrepreneurship

4. Learning Outcomes Explain by providing examples the concept of entrepreneurship in analyzing the situations of an entrepreneur. Compare and contrast the traits of a successful entrepreneur. Illustrate the application of these traits in becoming a future entrepreneur

5. Explain the following concepts: Importance of entrepreneurship, characteristics of entrepreneurs and the classification of entrepreneurs. Cite specific examples of the proper behavior of an entrepreneur. Demonstrate how to motivate the mind set of an entrepreneur

6. Activity 1. TKWL Chart Direction: Based on your knowledge and understanding, write brief statements in the second column about what you know in the topics listed in the first column.

8. Group Sharing Directions: 1.Form a group including all genders then go to your respective grouping and form a circle facing each other 2.Share and discuss with the group what you have written in the ―K ‖ second column. 3.Share your output to the class. Fill out the third column ―W part of the TKWL chart.

9. Activity 2. Q and A Direction: Please answer the following questions briefly. 1. Are entrepreneurs important to our community? Why? 2. What do you think are the important characteristics that an entrepreneur should have? 3. Is motivation necessary to entrepreneurs?

10. Activity 3 With your stock knowledge, please answer the guide questions provided. 1.How do you connect becoming an Entrepreneur to business? 2.How will you define the entrepreneurship to the word ―dreamer?

11. 3. How will you define the entrepreneurship to the word ―dreamer? 4. What do you think be the possible challenges that an entrepreneur may experience? 5. How do you see yourself, can you be an Entrepreneur?

12. Activity 4. KWL Chart Think Pair Share Directions: 1. Answer the second column in the table as provided. 2. Choose a partner of any gender and discuss what you have written in the first column. 3. Share your output to the class 4. Fill out the third column.

14. Entrepreneurship as the process of designing, launching and running a new business, which is often initially a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit.

15. Entrepreneurs- the people who create these businesses act as managers and oversee the launch and growth of an enterprise.

16. Entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, an economic crisis, lack of market demand, or a combination of all of these

17. Entrepreneurship is an act of being an entrepreneur, or "the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits"

18. Entrepreneurship is the process by which either an individual or a team identifies a business opportunity and acquires and deploys the necessary resources required for its exploitation. Early-19th-century French economist Jean-Baptiste Say provided a broad definition of entrepreneurship, saying that it "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield".

19. The opportunity to become an entrepreneur requires four criteria. First, there must be opportunities or situations to recombine resources to generate profit. Second, entrepreneurship requires differences between people, such as preferential access to certain individuals or the ability to recognize information about opportunities. Third, taking on risk is a necessity. Fourth, the entrepreneurial process requires the organization of people and resources.

20. Second, entrepreneurship requires differences between people, such as preferential access to certain individuals or the ability to recognize information about opportunities.

21. Third, taking on risk is a necessity. Fourth, the entrepreneurial process requires the organization of people and resources.

22. Importance of Entrepreneurship:

23. 1.Creation of Employment- Entrepreneurship generates employment. It provides an entry-level job, required for gaining experience and training for unskilled workers. 2.Innovation- It is the hub of innovation that provides new product ventures, market, technology and quality of goods, etc., and increase the standard of living of people.

24. 3. Impact on Society and Community Development- A society becomes greater if the employment base is large and diversified. It brings about changes in society and promotes facilities like higher expenditure on education, better sanitation, fewer slums, a higher level of homeownership. Therefore, entrepreneurship assists the organisation towards a more stable and high quality of community life.

25. 4. Increase Standard of Living- Entrepreneurship helps to improve the standard of living of a person by increasing the income. The standard of living means, increase in the consumption of various goods and services by a household for a particular period.

26. 5. Supports research and development- New products and services need to be researched and tested before launching in the market. Therefore, an entrepreneur also dispenses finance for research and development with research institutions and universities. This promotes research, general construction, and development in the economy.

27. The 5 Motivations That Drive People to Choose Entrepreneurship

28. 1. Money 2. Flexibility 3. Control 4. Teamwork 5. Legacy

33. Here are 10 essential characteristics to be successful as an entrepreneur:

34. 1.Creative - Entrepreneurship starts with an idea. To be successful, you need to always be thinking of new ideas and better ways of doing things.

35. 2. Passionate Perhaps the most important characteristic for entrepreneurs, passion is essential to any business owner or working professional's success. Without passion, there is no reason for your work and no drive to do it. Entrepreneurs love what they do and are extremely dedicated to the businesses they create.

36. 3. Motivated In an interview with The Computerworld Smithsonian Awards Program, the late Apple founder Steve Jobs said, "I'm convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance."

37. 4. Optimistic Do you see the glass half empty or half full? For entrepreneurs, it's always half full. Entrepreneurs always look on the bright side and are constant dreamers. They look at how they can do things better and make the world a better place.

38. 5. Future-oriented Because entrepreneurs are focused on moving forward, they are always looking toward the future. Entrepreneurs are very goal-oriented and know exactly what they want. They set their goals and everything they do is aimed at achieving those goals.

39. 6. Persuasive To be successful in business, you have to know business. If you're a people person and know how to get people to listen to you, you could be a successful entrepreneur. Especially when first starting out, entrepreneurs need to gain buy-in from those around them on their big idea.

40. 7. Flexible Entrepreneurs know how to adapt to unfamiliar situations. Whatever it takes, entrepreneurs are ready and willing. They always approach things with an open mind and are willing to change course if they need to.

41. 8. Resourceful In business, problems aren't a matter of if, but when. Entrepreneurs do not shy away from challenges or conflicts. Instead, they face them head on and come up with a solution. They know how to solve problems effectively.

42. 9. Adventurous Entrepreneurs know that to be successful, they must be willing to take risks. While they don't mind walking on the wild side, they don't take risks lightly. They know how to plan for the unknown and make a calculated decision that is best for them and their business

43. 10.Decisive There is no room for procrastination in business. Entrepreneurs know what needs to be done and don't hesitate to make the decisions that will lead them to success. They don't let opportunities pass them by; instead, they seize the day and get the job done.