HELE L1 - The concept of Entrepreneurship

It is transforming or innovating the effective use of resources into profitable business.

• Entrepreneurship

• Entrepreneur

The entrepreneurs help in economics by reducing unemployment rate which means _____________

• Entrepreneur creates more jobs

• Improving the standard of living with locally sources options that offer lower prices.

• Encouraging people to be in business and work on their own

• Encouraging the local development

This is the characteristic of an entrepreneur that is said to be risk-takers because they see the market differently.

• desires for immediate feedback

• prefers moderate risk

• gives value in his/her own money

• flexible

This is a characteristic of a entrepreneur that know how to position the right people to help in his/her business as well

• Flexible

• Desires for immediate feedback

• Gives value on his/her value

• Has organizational skills

Characteristic of an entrepreneur that means he/she has the ability to adapt to the changing demands of customers or even the business itself .

• Flexible

• Confident in his/her ability to succeed

• Has a high level of energy

• Has future orientation

It is a form of business which is owned and operated by a single individual. Usually it has a small amount of capital.

• Cooperation

• Corporation

• Partnership

• Sole Proprietorship

It is a form of business which is owned and operated by two or more who call themselves as partners.

• Cooperative

• Partnership

• Corporation

• Sole Proprietorship

It is a form of business which has five owners know as stockholders.

• Corporation

• Sole Proprietorship

• Partnership

• Cooperative

He is the owner of many successful companies in the country including Philippine Airlines and Asia Brewery.

• Henry Sy

• Lucio Tan

• Mariano Que

• Lolita Hizon

An entrepreneur well known for his guiding line "sipag at tiyaga" He is one of the biggest home-builder in the country.

He owns Starmall and Vista Land and LIfescapes

• Manny Villar

• John Gokongwei, Jr.

• David Consunji

• Corazon One