ENTREPRENEURSHIP

MODULE 1-
COMMON AND CORE COMPETENCIES IN ENTREPRENEURSHIP
Common traits that entrepreneurs should always have:

1. PROACTIVE-reactive than passive;address issues and

problems before they come rather than when they already
happened.
2. AGENTS OF CHANGE- “innovation champions” See
opportunities in hopeless and complex situations.
3. RISK TAKERS- calculate risks and don’t let the opportunity
pass.
4. HAVE A SHARP EYE FOR OPPORTUNITIES-recognizes an
opportunity by using macrolevel data only.
5. SOCIABLE- practices relationship management
Common traits that entrepreneurs should always have:

6. NETWORKERS- A networker knows the key people to

connect with.
7. DECISIVE- do not leave an issue unresolved or
without dispositions.
8. BALANCED- “eureka”
9. INNOVATIVE- minds of entrepreneurs rich with big
ideas
Core Traits
1. Leaders JACK MA – A responsive and
 a source of inspiration for their responsible leader (Alibaba)
employees
 very humble, approachable,
friendly, listens to people’s
concerns
 responsible
 decisive
 Can unite the team and bring
out the best in every employee
Core Traits
2. Communicators Steve Jobs – great communicator
 Use all forms of communication and presentor (Apple)
to effectively share ideas
 Communication channels should
always be open to ensure the
smooth flow of operation.
Core Traits
3. Specialists Bill Gates – An Expert (Founder of
 Experts in their chosen business Microsoft)
 Tactical and very keen in details
 Understand the totality and
specificity of their business
Core Traits
4. Problem solvers Mark Zuckerberg (Facebook)
 Possess critical thinking skills
 Know how to handle issues in
any form
 Listen to the plight of their
employees
 ENTREPRENEURSHIP or EMPLOYMENT
IMPORTANT CAREER FACTORS
1. INCOME
2.HIRING and FIRING,ORG SET UP,
and MAJOR KEY RESULT AREAS
ENTREPRENEUR
Income generated passively
Opportunity income unlimited
Income only earned when the
business is successful.
-provides job
-fully responsible in serving the
customers, making the business
profitable or sustainable.
Has the power to disengage non-
performing employees
-can venture into expansion
EMPLOYEE
Income generated actively (NO
WORK,NO PAY)
Income is fixed per month
Income is earned whether or not
the business is successful.
-seeks for a job
-has the goal to satisfying only the
employer or direct supervisor.
-fully dependent on the employer’s
performance.
-can only work for the current
employer exclusively.
 ENTREPRENEURSHIP or EMPLOYMENT
IMPORTANT CAREER FACTORS ENTREPRENEUR EMPLOYEE
3. DAILY TASKS -performs all necessary variable Has routine tasks and works on
tasks to manage a start up business regular hours
-prepares policies and procedures -follows policies and procedures
and memo

4. LEISURE TIME & VACATION Flexible schedule Has a limited number of vacation
leave imposed by the employer.

5. TAXATION -taxed on the net income -taxed on the gross income

6. COMFORT LEVEL AT WORK Comfortable in doing multiple and -maybe comfortable with routine
challenging tasks tasks and minimal risks
-thinks outside of the box
CAREERS IN ENTREPRENEURSHIP

1. Sari-sari store- approx. 1M sari-sari stores in the Philippines. It provides

affordable basic retail products to nearby communities.
2. RICE RETAILING- since rise is a staple food for us Filipinos that is why rice
retailing is very common to our country.
3. FOOD CART BUSINESS-usually under franchising agreement.
4. PRINTING BUSINESS-this business is lucrative because demand is very high.
5. BUY-AND SELL-everyone can technically be a seller even without business.
CAREERS IN ENTREPRENEURSHIP

6.STREET FOOD BUSINESS-grilled food items;timeless business

7. FLEA BUSINESS MARKET OR TIANGGE- set up of small open spaces. Products
being sold range from clothes, to food items,to souvenirs.
8. ONLINE SELLING BUSINESS-Internet as a marketing and transaction channel for
selling.
9. CELLPHONE LOADING BUSINESS-95% of Filipinos are prepaid mobile phones
users.
10. LAUNDRY and DRY CLEANING BUSINESS- residents who do not have the time to
wash and dry their clothes.
CAREERS IN ENTREPRENEURSHIP

11. HAIR STYLING AND MAKEUP BUSINESS- due to Filipino’s inclination to beautify and
vanity thus this business is profitable.
12. SPA, GYM AND NAIL CARE BUSINESS-Filipinos ways to cope up with stress and
because many are health conscious nowadays.
13. VIDEO AND PHOTOGRAPHY BUSINESS- this business has gain popularity because of
the presence of social media, where videos and photos are supposed to be share to other
people.
14. TUTORIAL BUSINESS-is composed of experts in a particular field who transfer their
knowledge to another for a fee.
15. BAKING BUSINESS- bread is the second staple food of Filipinos.
16. WEBSITE DEVELOPMENT& DESIGN/BLOGGING-