The document discusses characteristics of entrepreneurs, important entrepreneurial traits, and job opportunities for entrepreneurship as a career. It identifies key characteristics of entrepreneurs like being innovators, having business skills, and taking risks. Important entrepreneurial traits include self-awareness, self-motivation, courage, and hard work. There are both advantages and disadvantages to becoming an entrepreneur or majoring in entrepreneurship in terms of uncertainty, risks, costs, and time commitments balanced with opportunities for control, profits, and fulfilling one's potential. Potential career paths for those with entrepreneurship skills or education include academia, business, government, non-profits, and freelance work.
The document discusses characteristics of entrepreneurs, important entrepreneurial traits, and job opportunities for entrepreneurship as a career. It identifies key characteristics of entrepreneurs like being innovators, having business skills, and taking risks. Important entrepreneurial traits include self-awareness, self-motivation, courage, and hard work. There are both advantages and disadvantages to becoming an entrepreneur or majoring in entrepreneurship in terms of uncertainty, risks, costs, and time commitments balanced with opportunities for control, profits, and fulfilling one's potential. Potential career paths for those with entrepreneurship skills or education include academia, business, government, non-profits, and freelance work.
The document discusses characteristics of entrepreneurs, important entrepreneurial traits, and job opportunities for entrepreneurship as a career. It identifies key characteristics of entrepreneurs like being innovators, having business skills, and taking risks. Important entrepreneurial traits include self-awareness, self-motivation, courage, and hard work. There are both advantages and disadvantages to becoming an entrepreneur or majoring in entrepreneurship in terms of uncertainty, risks, costs, and time commitments balanced with opportunities for control, profits, and fulfilling one's potential. Potential career paths for those with entrepreneurship skills or education include academia, business, government, non-profits, and freelance work.
The document discusses characteristics of entrepreneurs, important entrepreneurial traits, and job opportunities for entrepreneurship as a career. It identifies key characteristics of entrepreneurs like being innovators, having business skills, and taking risks. Important entrepreneurial traits include self-awareness, self-motivation, courage, and hard work. There are both advantages and disadvantages to becoming an entrepreneur or majoring in entrepreneurship in terms of uncertainty, risks, costs, and time commitments balanced with opportunities for control, profits, and fulfilling one's potential. Potential career paths for those with entrepreneurship skills or education include academia, business, government, non-profits, and freelance work.
ENTREPRENEURSHIP QUARTER 3– WEEK 2 MODULE 2: CHARACTERISTICS OF AN ENTREPRENEUR, IMPORTANT ENTREPRENEURIAL TRAITS, AND JOB OPPORTUNITIES for ENTREPRENEURSHIP AS A CAREER
MELC: Explore job opportunities for Entrepreneurship as a career
Prepared by: EMERENCIANA H. SALAPARE
SHS Teacher II INTRODUCTION In general, there are three categories in studying Entrepreneurship -- Entrepreneurs, Enterprise, and Environment. From these three categories the smallest but very relevant category is the entrepreneur, because he is the one responsible for the survival of the enterprise. Next is the enterprise that surround the entrepreneur. And the largest category is the environment which surround both the entrepreneur and the enterprise.
The key to the success of the enterprise and its survival in its environment is the entrepreneur. So, who are these entrepreneurs? What makes them different from others? Does this individuals possess traits and characteristics that set them apart from the others? What are the job opportunities for this entrepreneurship? In this module discusses these topics.
LESSON 3: CHARACTERISTICS, ENTREPRENEURIAL
TRAITS, AND JOB OPPORTUNITIES FOR ENTREPRENEURSHIP AS A CAREER
Regardless of the definition of an entrepreneur used or given before, it is very clear that there are key terms associated in defining who an entrepreneur really is. We said that an entrepreneur is somebody who has ideas and makes these ideas to happen. That is why we called them innovators. Also, an entrepreneur should have some business skills, meaning they should have the ability to organize and run a business. They are also considered as a risks takers because there are chances to lose something. Lastly, an entrepreneur desires to make profit, as we all know this is the main objective of every entrepreneur who are engaged in any kind of a business ventures. Therefore, it is very important that an entrepreneur should have the prominent characteristics in various fields and an entrepreneurial traits for them to become successful in their career that they have chosen.
CHARACTERISTICS OF AN ENTREPRENEUR AND IMPORTANT
ENTREPRENEURIAL TRAITS The following are the known characteristics of an entrepreneur and important entrepreneurial traits according to ( Azarcon, et al. 2008)
Characteristics of an Entrepreneur Important Entrepreneurial Traits
• An entrepreneur has a slight-tendency • Self-awareness to be the first-born or the eldest in the • Self-motivation family. • Courage • Most entrepreneurs tend to be married • Confidence individuals. • Patience • Many entrepreneurs start business • Decisiveness ventures in their thirties. • Experience • Most entrepreneurs educational • Knowledge attainment is a bachelor’s degree or a • Perseverance college degree. • Drive • The important characteristics of an • Total commitment entrepreneur are creativity, • Maturity • Integrity independence and the ability to handle • Risk-taking uncertainty. • Hard Work • More women are venturing into • Vision business but still men generally • Optimism outnumber women in this field. • Creativity • The need for independence is a • Resourcefulness primary driving force that allows the • Innovation entrepreneur to take the risks to work • Emotional Balance all the hours necessary to create a business venture. • Entrepreneurs account their successes to a strong relationship with parents, most especially with the father. • Entrepreneurs believe in the need for luck- having the right idea in the right place at the right time. • Entrepreneurs and capitalist are usually in conflict. • Entrepreneur rely on professional management through external means. • Entrepreneurs take pride in being doers. • Entrepreneurs are known to take calculated risks. • Entrepreneurs are known simply to be one with the group or do fit into the crowd. • Entrepreneurs are known to fall in love with anything new. • Entrepreneurs does not concentrate on one single business venture but rather they tend to be successful in varied business ventures for they always look for newer challenges.
ADVANTAGES AND DISADVANTAGES ON BECOMING AN
ENTREPRENEUR AND STUDYING/MAJORING IN ENTREPRENEURSHIP Listing the advantages and disadvantages of becoming an entrepreneur and why study or avoid majoring in entrepreneurship. (Azarcon, et.al 2008 and https://www.investopedia.com/articles)
ADVANTAGES On Becoming an Entrepreneur On Studying or Majoring in Entrepreneurship ▪ Opportunity to gain control over ▪ Having a degree in entrepreneurship can your destiny. serve as a sort of validation of business ▪ Opportunity to make a difference skills. ▪ Opportunity to reach your full ▪ It helps to develop business instincts of an potential. individual. ▪ Opportunity to have unlimited ▪ If a person have run a business, but not profits. have much freedom on how to ▪ Opportunity to contribute to society approached management style, then and be recognized for your efforts entrepreneurship helps individual learn to ▪ Opportunity to do what you enjoy identify opportunities and think critically doing. to take advantage of them.
DISADVANTAGES On Becoming an Entrepreneur On Studying or Majoring in Entrepreneurship ▪ Uncertainty of income ▪ Getting a degree of entrepreneurship is a ▪ Risk of losing your entire invested significance expense. capital ▪ It could lose wages and unable to work ▪ Long hours of work full-time. ▪ Lower quality of life until the ▪ Entrepreneurship programs tend to cost business gets established more and require more of a time ▪ High levels of stress investment, meaning the costs are even ▪ Complete responsibility higher. ▪ Confrontation with various risk ▪ Spending time in class that you could be spending on your business concept. ▪ If your business idea is unsuccessful, a degree in entrepreneurship may not be as desirable as a more general business degree when looking for outside work.
JOB OPPORTUNITIES FOR ENTREPRENEURSHIP
Below is a short list of possible careers for entrepreneurship. A. Academe - (academicians (teachers), professional researchers, project coordinators, extension service providers, university planners, administrators. B. Business – those involved in marketing, management, finance, financial management, research and development, entrepreneurs, advisers, planners, relations officers and corporate “think tanks” C. Social Science Fields – policy makers and business reporter or journalist, D. Government – researchers, policy makers, budget and management assistants and officers E. Non-government Organizations- fundraiser or micro-financers, project proponents, feasibility study consultants, researchers, project administrator. F. Freelance – independent researchers, professional consultants, and independent businessmen. DEVELOPMENTAL ACTIVITIES I. Directions: Read each statement and decide whether it is “ADVANTAGE” or “DISADVANTAGE” of becoming an entrepreneur or on studying/majoring in entrepreneurship. _________________________________ 1. Long hours of work. _________________________________ 2. Spending time in class that you could be spending on your business concept. _________________________________ 3. Opportunity to have more profits. _________________________________ 4. You will develop your business instincts. _________________________________ 5. Confrontation with financial risk.
II. Directions: Read the article at https://tycoon.ph/top-10-successful-entrepreneurs-philippines-
story/ entitled “Top 10 Successful Entrepreneurs in the Philippine History and answer the following questions:
1. What common traits of the successful Filipino Entrepreneurs did you observed in this article? ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ 2. Who among the ten successful entrepreneurs story inspired you the most? Why? ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ WORKSHEETS Part 1. Mulitple Choice. Direction: Choose and encircle the best answer.
1. Among the following which is the key to business success?
a. business knowledge c. hard work b. market awareness d. capital 2. The real key to business success is ____________________. a. perseverance and hard work c. advertising b. good products and service d. employee 3. What makes a terrific entrepreneur? a. discipline c. flexibility b. creativity d. consumer orientation 4. What does a business need most? a. time c. market research b. business plan d. capital 5. Entrepreneurs are known to take a. no risk c. moderate risks b. small risks d. high risks
Part 2: Essay. Direction: Answer the following questions below in not more than 10 sentences. 1. Explain why study or avoid major in entrepreneurship?
1. Disadvantage of becoming entrepreneur 2. Disadvantage in majoring entrepreneurship 3. Advantage of becoming an entrepreneur 4. Advantage in majoring in entrepreneurship 5. Disadvantage in becoming entrepreneur II. Answer may vary
References: A. Books Azarccon, et.al (2008).Entrepreneurship Principles and Practices. Baguio City: Valencia Educational Supply. Page 7-16 B. Online and Other Sources https://www.entrepreneur.com/article/308089 https://www.investopedia.com/articles/personal-finance/111015/majoring- entrepreneurship-good-idea.asp https://scholar.google.com.ph/scholar?q=environment,+entrepreneur,+enterprise&hl=en &as_sdt=0&as_vis=1&oi=scholart
