EVFI stands for?
Entrepinoy Volunteers Foundation, Inc.
It is a non-profit organization that guides Filipino entrepreneurs and their environment through the involvement of volunteer experts and executives.
Entrepinoy Volunteers Foundation, Inc.
mSMEs stands for?
micro, small and medium enterprises
It is a communication model that is used to improve understanding between individuals.
Johari Window
The word "Johari" is taken from the names of?
Joseph Luft and Harry
Ingham
This quadrant represents the things that you know about yourself, and the things that others know about you.
Open Area
This quadrant represents things about you that you aren't aware of, but that are known by others.
Blind Area
This quadrant represents things that you know about yourself, but that others don't know.
Hidden Area
This last quadrant represents things that are unknown by you and are unknown by others.
Unknown Area
It refers to the key characteristics that a successful entrepreneur should have in order to be successful.
Personal Entrepreneurial Competencies (PECs)
It is being active in finding openings in the environment which can
be used in different ways to start a business, to create a new market, or to improve business operations.
Opportunity Seeking
It is doing something continuously even though other people say that you will not succeed or that you are just wasting your time and effort.
Persistence
It is the state of giving much time and attention to something because you believe it is right and important.
Commitment
It means taking the chance to do something that is out of your comfort zone.
Risk-taking
A good entrepreneur demands quality and efficiency not only from himself but also from her workers and suppliers.
Demand for efficiency and quality.
It is the behavior of gathering information from relevant sources.
Information Seeking
It is genuinely realistic.
goal setting
It has a solid self-belief.
self-confidence
Utilizes raw materials to create a product to sell.
manufacturer
A business that buys products directly from a manufacturing company.
distributor
Purchases products directly from a wholesale or distributing company then sells the inventory directly to the public.
retailer
These are set up according to the unique service or product sold or produced.
Franchise
It means taking the chance to do something which is out of your comfort zone.
Risk-taking
Doing something risky without even checking what are the possible results?
High risk taking
Almost not taking any risk or avoiding anything difficult?
Low risk-takin
Carefully calculating all the chances before doing something difficult?
Moderate risk-taking
When you and someone else start doing business with the intent of making a profit?
Partnership
To clarify each partners’ expectations and roles
within the business?
Partnership Agreements
Neither sole proprietorships nor partnerships shield the owners from the obligations of the business.
Personal Liability for Business Debt
It means that the business does not pay corporate tax.
Sole Proprietorship and Partnership Taxes
It is the formation of a new corporation.
Incorporation
It is a company or project undertaken by an entrepreneur to seek,
develop, and validate a scalable economic model.
startups
It offers direction for entrepreneurs to enhance their knowledge of how to sustain their assets relating to their status and identity and strengthen their real-time skills.
Mentoring
Itis an approach by individuals, groups, start-up companies.
Social entrepreneurship
It is a person who invests in a new or small business venture, providing capital for start-up or expansion.
Angel Investing
What are the four Typical Sources of Angel Investors?
1. Family and friends
2. Wealthy individuals
3. Groups
4. Crowdfunding