UNIT I THE IDEAL ENTREPRENEUR.pptx
- 1. UNIT I THE IDEAL ENTREPRENEUR
- 2. UNIT I THE IDEAL ENTREPRENEUR Content Standard Demonstrates knowledge and skills that will lead to one becoming an ideal entrepreneur Performance Standard Sells products based on needs and demands
- 3. LET’S BE INFORMED An entrepreneur is someone who is willing to put up the capital needed to set up a business fully aware of the risks involved. It is he or she who plans, organizes, and manages the business, hires the people to help run it, and ensures that the product or service being offered is sold at a reasonable profit in order to earn.
- 4. Qualities of an Ideal Entrepreneur Industrious Displays hard work and perseverance in the face of challenges; utilizes skills to diligently carry out tasks or make goods. Innovative Has the ability to envision future needs or demands and create new opportunities, products, and services to meet these demands. Honest Does not engage in deceptive or fraudulent acts; displays sincerity at all times. Persistent Does not easily give up or let go.
- 5. Caring Understands the feelings, concerns, and needs not only of his or her customers but also his or her workers. Helpful Is always available to provide assistance. Faith in goodness and righteousness Conducts business fairly and cultivates a culture of righteousness Organized yet flexible Is able to adapt to any change yet remain logical and organized Confident Feels or shows certainty, as of success. Strategist Is a careful planner; sets long term goals and plans and executes a well thought of strategy in order to achieve them. Prudent Is never wasteful and always ensures that all resources are used wisely and every bit of raw material does not go to waste
- 6. Determined Is a go-getter and an achiever; acting on a dream, vision, and plan, no matter how hard it may seem at first Knowledgeable Is well-trained and possess information and understanding of concepts necessary to run a business venture High quality philosophy Strives for excellence and perfection to exceed customer satisfaction Risk-taker Takes calculated risks and knows how to match opportunities with market realities; takes on risks anticipating business profitability and chances of success.
- 7. Buyers are: Persons or organizations who agree to purchase the finished products or services presented with the prescribed or correct features. Persons or organizations that purchase materials from suppliers for products and services. Manufacturers who purchase raw materials needed for production
- 8. •Sellers are: Persons or group of persons who transfer goods and services to the buyers in exchange for money. Persons who offer things to buyers in return of something which most of the time is money. Vendors creditors, dealers, merchants and suppliers who dispose things in return for money.
- 9. •Below are the duties of a seller: 1.Make business fairly with buyers 2.Deliver on time, with proper care and place of delivery 3.Provide warranty for the product sold to the buyer. •
- 10. • LET’S EXPLAIN 1.Who can be an ideal entrepreneur? 2.What are the characteristics and values that help individuals become successful entrepreneurs? 3.Differentiate buyers from sellers. 4.Based on your point of view or experiences, discuss the important roles of buyers and sellers in business.
- 11. • LET’S REMEMBER • Buyers are persons who purchase products or services while sellers are persons who transfer products or services, while sellers are persons who transfer products or services to buyers in exchange for money. • An entrepreneur must have not just the knowledge and skill but also the proper values and attitude. •
- 12. LET’S DO TOGETHER Write Agree on the line if the statement is correct and Disagree if the statement is incorrect. _______________ 1. Buyers are persons who agree to purchase finished products or services. _______________ 2. Sellers should not provide warranty for the products or services. _______________ 3. Sellers are persons who transfer goods and provide services in exchange for money. _______________ 4. Sellers should make business fairly with buyers. _______________ 5. To provide warranty to buyers is a right of the sellers.
- 13. Business/store name products Services REINFORCEMENT Observe the entrepreneurs within your community. What are the products or services that they sell?. Accomplish the chart below.