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ENTREPRENEURSHIP > LESSON 1.3: RELEVANCE AND OPPORTUNITIES IN ENTREPRENEURSHIP > Flashcards

LESSON 1.3: RELEVANCE AND OPPORTUNITIES IN ENTREPRENEURSHIP Flashcards

1
Q

He assumes responsibility, thinks differently and tries to satisfy his own curiosity.

A

Strong desire for independence

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2
Q

You may start out as a management trainee or in a management training program.

A

Management

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3
Q

As the leader of the business he started, he will be responsible for controlling not only in all
transactions but also in people management.

A

Be in control.

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4
Q

You may start as an employee, get new ideas and develop your own skills from experience and education.

A

Start to be on your own.

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5
Q

employed by companies to develop and execute strategies to increase sales and profits.

A

Business development officers - Business Development

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6
Q

five steps every entrepreneur must take to be successful.

A
  1. Start to be on your own.
  2. Explore the business environment.
  3. Be in control.
  4. Have a good accountant or trusted financial adviser.
  5. Seek the advice of professionals.
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7
Q

An entrepreneur seeks independence and strives to develop his own business.

A

Strong desire for independence

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8
Q

Seek the advice of legal consultants on matters
with legal implications.

A

Seek the advice of professionals.

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9
Q

Every business needs technology.

A

Software, Web or App Developer

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10
Q

Develop a control procedure that you are still in command of approving all transactions involving money.

A

Have a good accountant or trusted financial adviser.

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11
Q

Entrepreneurs use feedback to guide, make observations, corrections and take actions for progress.

A

Develops a feedback mechanism for results

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12
Q

They should have a passion for what they are doing.

A

Strong drive to succeed

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13
Q

Entrepreneurs have the ability to make the right decisions based on logic, practicality,
and gut feel.

A

Strong determination in decision making

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14
Q

They help companies find solutions to
the different business challenges and obstacles being met.

A

Business Consultant

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15
Q

There are management positions in every industry.

A

Management

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16
Q

To comply with all the requirements of the
government, he will seek advice to professionals to help him prepare necessary documents like business permits, trade name registration, sanitary permits, etc..

A

Seek the advice of professionals.

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17
Q

These jobs build communication between
consumers and the sellers of the product by creating promotions, advertisements, and building a brand image.

A

Advertising, Marketing, and
Public Relations

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18
Q

The business environment includes internal
and external factors that may influence the business.

A

Explore the business environment.

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19
Q

Your work as a software, web or app developer will enhance your skill set that will be vital when you start to grow your own
business.

A

Software, Web or App
Developer

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20
Q

After planning, the entrepreneur will start to open his business using the capital he has.

A

Start to be on your own.

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21
Q

will help you gain ideas on how to reach a target customer when you already have your own product or services.

A

Advertising, Marketing, and
Public Relations

22
Q

If you are knowledgeable in online selling and search engine optimization (SEO), it will be a great help for your starting business.

A

E-commerce and Social Media

23
Q

An individual can never attain entrepreneurial success unless he will try to start up his own business.

A

Start to be on your own.

24
Q

Entrepreneurs focus on the end result of every task assigned. He will fully grasp the goal to be achieved.

A

Result-driven individual

25
Train people who you can work with dedication and good values.
Be in control.
26
Job Opportunities
1.) advertising, marketing, public relations 2.) business development 3.) design 4.) e-commerce and social media 5.) management 6.) software, web/app developer 7.) sales manager/account executive 8.) business consultant 9.) product manager
27
You will be able to identify opportunities for the business.
Business Development
28
Learn to save your money and put it in an investment. Make this money as capital to operate your own.
Start to be on your own.
29
He will hire an accountant or financial adviser which may help him in transactions related to funds or money.
Have a good accountant or financial adviser.
30
Apply your knowledge in SWOT analysis in order to assess the business environment.
Explore the business environment.
31
Working towards a career in management will give you the leadership, people, and communication experience that you need to be successful.
Management
32
work on the enhancement of a product through research, development, engineering, manufacturing, and distribution.
Product Manager
33
If you have an interest in_____, ______, or ______ these skills will help you create your own product design, especially on the packaging and labels of your product.
fashion, home, or product design
34
Incorporating technology in business is a great advantage.
Software, Web or App Developer
35
_________________ positions provide experiences and opportunities that will allow you to generate income for the business, meet and achieve sales goals.
sales management
36
Most businesses today use the Internet to sell and promote their products.
E-commerce and Social Media
37
Be involved in every decision-making process and take responsibility.
Be in control.
38
Profile of a Successful Entrepreneur
1. Strong desire for independence 2. Strong drive to succeed 3. Strong determination in decision making 4. Develops a feedback mechanism for results 5. Result-driven individual
39
As an entrepreneur, you will be busy managing the whole enterprise.
Have a good accountant or trusted financial adviser.
40
Have your income tax prepared by certified accountants that know how to deal with government regulating agencies in terms of tax payments.
Seek the advice of professionals.
41
Internal factors are coming inside the organization while external factors are those from outside.
Explore the business environment.
42
Be in control of the whole organization.
Be in control.
43
The entrepreneur will evaluate his business plan using his knowledge in SWOT analysis.
Explore the business environment.
44
service different companies all at the same time.
Business Consultant
45
Motivate your people because they are the assets that can help you drive towards success.
Be in control.
46
You may get a trusted accountant or financial adviser which will help you out in all the financial activities and business transactions involving funds.
Have a good accountant or trusted financial adviser.
47
An entrepreneur should be excited by the prospect of work.
Strong drive to succeed
48
remain elusive to Filipinos
Employment opportunities
49
They usually have a feedback loop to constantly think about what they have done and how they could do it better.
Develops a feedback mechanism for results
50
If you have an interest in fashion, home or product design, these skills will help you create your own product design, especially on the packaging and labels of your product.
Design
51
Sales management positions provide experiences and opportunities that will allow you to generate income for the business, meet and achieve sales goals.
Sales Manager/ Account Executive
52
can help the economy by providing jobs and employment opportunities to Filipinos
Entrepreneurship

ENTREPRENEURSHIP (3 decks)

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