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Entrepreneurship is the science of converting processed ideas into a remarkable business venture.
It encompasses the capacity for innovation, investment, and market expansion in new products and techniques.

Development of Managerial Capabilities
- Entrepreneurs improve their managerial skills through practical experience.
Creation of Organizations
- Entrepreneurship leads to the establishment of numerous organizations.
Improving Standard of Living
- Enhances the economic status of individuals and communities.
Economic Development
- Boosts not just the entrepreneur’s life, but also the surrounding society where the business operates.

The term "Entrepreneur" originates from the French verb "entreprendre", meaning "to undertake".
Entrepreneurs undertake the risks associated with enterprises. The process of managing these enterprises is referred to as Entrepreneurship.
Entrepreneurs are innovators prepared to take risks and create unique solutions that meet market and societal needs.

Initiative: Taking action without being prompted.
Proactivity: Identifying and seizing opportunities.
Problem Solver: Maintaining good relationships through effective handling of issues.
Perseverance: Persisting through challenges to achieve goals.
Persuasion: Influencing others to buy products or services.
Planning: Setting plans and monitoring progress.
Risk Taking: Calculated risk-taking to achieve potential rewards.
Environmental Factors: Influences such as political, legal, economic, and social conditions.

Locus of Control: Ability to understand that one’s actions influence outcomes.
Specific Goal Setting: Setting clear business growth objectives for improved performance.
Self-Efficacy: Maintaining self-confidence in one's abilities.
Willingness to Learn: Continuous pursuit of new skills.
Strong Initiative: High motivation to work hard.
Adaptability & Flexibility: Ability to navigate change and make decisions with limited information.
Willingness to Take Risk: Identifying, calculating, and managing risks effectively.

Integrity: Upholding personal values in business decisions.
Conceptual Thinking: Open to new ideas and approaches.
Networking/Collaboration: Understanding the value of relationships and careful planning.
Decisiveness: Flexibly resolving issues as they arise.
Customer Relation Service: Building trust and exceeding customer expectations.

Job opportunities frequently remain exclusive among Filipinos, especially in economic zones.
Many workers earn a minimum wage that does not support family needs adequately.
Entrepreneurship aids in creating job opportunities, stimulating innovation, and fostering economic improvement.

Entrepreneurs create jobs that spur national economic growth.
Money circulating through salaries enhances local industries, leading to new products and small enterprises.

Start Your Own Business: Transitioning from employee to entrepreneur is crucial for success.
Explore the Business Environment: The Philippines offers vast opportunities; focus on producing quality goods and services.
Be in Control: Effectively manage operations with dedicated teams sharing similar values.
Financial Advising: Collaborate with competent accountants or financial advisors to manage finances efficiently.
Seek Professional Advice: Recognize limitations and seek guidance on legal and operational matters.

Successful entrepreneurs often lack formal management education yet acquire essential expertise through experience.

Alertness to Opportunities: Entrepreneurs perceive chances that others may overlook.
Health and Endurance: Willingness to work extensive hours to find solutions.
Flexibility: Accommodates changes and finds new routes to success.
Research-Oriented: Values questioning and learning from others to enhance results.