Entrep Lesson1 Flashcards
The term “entrepreneur” originates
from the French word entreprendre
which means…
to undertake
the start of a new business undertaking.
-initiation of new business venture
-identifying business idea
-planning its execution
-taking the first steps toward establishing
it (securing funding, registering the
business or launching products or
services)
“If you want to start
a food stall but don’t
have enough money,
how would you find
the money required
to achieved your
goals?”
securing funding
Why is it
important
to
register
your
business?”
registering your business
What does it mean to
launch a product or service?
Launching products or
services
It refers
to a particular field of practice or
process, as compared to an
entrepreneur which is a person
practicing entrepreneurship.
entrepreneurship
An __________ as a person who organizes,
operates, and assumes the risks of business
ventures. A person who strongly advocates
and correctly practices the concepts and
principles of entrepreneurship in operating
and managing the self-owned business
venture.
The venture is also called enterprise.
-The American Heritage Desk Dictionary
entrepreneur
An _______________ is an owner of a business
who invests his/her resources to bring an idea
to life, setting the direction that transforms
that idea into reality, thus providing and
gaining value that balances effort, purpose
and profit.
entrepreneur
the art of observing correct
practices in managing and operating
a self-owned wealth-creating
business enterprise by providing
valuable goods and services to the
customers.
entrepreneurship
is the process of identifying
opportunities, developing innovative
ideas, and taking the initiative to
create, manage, and grow a business
or venture to address needs, solve
problems, or provide value, often
while taking on financial and personal
risks.
entrepreneurship
refers to a business or enterprise that correctly adopts
and practices the principles of entrepreneurship.
small business
it is owned by one person with a limited workforce of
not more than 20 persons.
small business
includes the small and medium enterprises (SMEs) that have
been strongly promoted by both government and non
government organizations (NGOs) in their desire to improve the
lives of the Filipino people through entrepreneurship.
small business
It can encompass a range of industries and business
models, including startups, innovative businesses, or
businesses operating in niche markets.
small business
Many ___________ aim for growth and innovation,
possibly expanding their operations or introducing new
products or services over time.
small business
pertains to a business enterprise managed and
operated by an owner who is not an advocate of and
does not practice the concepts and principles of
entrepreneurship.
Ordinary Small Business
refers to a person who strongly advocates
and correctly practices the concepts and principles of
entrepreneurship in operating and managing the self
owned-entrepreneurial venture.
Entrepreneur
