LESSON 1:CONCEPT OF
ENTREPRENEURSHIP
FIRST QUARTER
ENTREPRENEURSHIP
ENTREPRENEURSHIP
refers to the creation and growth of
business or of businesses to profit from it.
step to develop more products that can
solve bigger concerns in the future.
it is an art and a skill.
WORD ENTREPRENEUR
derived from the French word entreprende
which means to carry out.
it is an individual who organizes, oversees,
and ventures into business.
it is also the owner or the manager of a
business
CHARACTERISTICS OF AN ENTREPRENEUR
Courageous
Problem Solver
Hard Working
Confidence
Given value in own
money
Initiative and
Optimism
Innovative
IMPORTANCE OF AN ENTREPRENEUR
provide employment.
introduces new products
delivering something new in technology,
industry, and product market.
discover innovative ways that improve skills.
leading to continue the factors of production.
TYPES OF BUSINESS ENTERPRISE
Size
a.) Microenterprise
small business that employs
less than 10 employees.
EXAMPLES OF MICROENTERPRISE
STREET VENDORS
CARPENTERS
SHOEMAKERS
TYPES OF BUSINESS ENTERPRISE
Size
b.) Cottage Enterprise
home-based business
(usually family business)
with 6 to nine employees.
EXAMPLES OF COTTAGE ENTERPRISE
ONLINE TUTORING
COMPUTER REPAIRS
CLEANING SERVICES
TYPES OF BUSINESS ENTERPRISE
Size
c.) Small Scale Enterprise
business that employs few employees.
private owned operated by sole
proprietorship, partnership, and
corporations.
EXAMPLES OF SMALL SCALE ENTERPRISE
HOUSE PAINTING
PHOTOGRAPHY
VIDEOGRAPHY
TYPES OF BUSINESS ENTERPRISE
Size
d.) Medium Scale Enterprise
business enterprise which employs
100 employees or more.
EXAMPLES OF MEDIUM SCALE ENTERPRISE
RESTAURANT
MANUFACTURING CONSTRUCTION COMPANY
TYPES OF BUSINESS ENTERPRISE
Size
e.) Large Scale Enterprise
business enterprise which employs
200 employees or more.
EXAMPLES OF LARGE SCALE ENTERPRISE
Global Auto Parts
& Accessories
Global Commercial
Real State
Global Commercial
Banks
TYPES OF BUSINESS ENTERPRISE
Ownership
a.) Single or Sole Proprietorship
business which is owned and operated
by single individual.
TYPES OF BUSINESS ENTERPRISE
Ownership
b.) Partnership
business which is owned and operated
by two or more people who call
themselves as partner.
TYPES OF BUSINESS ENTERPRISE
Ownership
c.) Corporation
business which has five owners
(known as stockholders).
TYPES OF BUSINESS ENTERPRISE
Ownership
d.) Cooperative
business type with at least five
members all of whom have equal
voting rights regardless of the level of
their involvement or investment.