BY : MA. TERESA A. LOPEZ/ BSIE-HE 4C

ENTREPRENEURIAL

Characterized by the taking of financial risks in the hope of profit; enterprising.

Used to describe someone who makes Money by Starting their own Business, especially when this involves seeing a new Opportunity & taking Risk.

ENTREPRENEURIAL PERSONALITY

Personality as "the combination of characteristics or qualities that form an individual’s distinctive character". Personality traits include the human characteristics, abilities, motives, attitudes and values which shape the individual person's experiences and actions.

The Entrepreneurial Take Risk

Risk-taking is almost synonymous with entrepreneurship. To start and support your own business, you’ll have to put your career, personal finances and even your mental health at stake. 

The most entrepreneurs who reach their goals are often natural leaders and strong problem-solvers, and they work well under pressure. For those who don't have this type of personality.

The key to success is You must select an opportunity that suits your personality, then hire or select the right people to surround yourself with.

6 RISKS EVERY 6 RISKS EVERY ENTREPRENEUR ENTREPRENEUR

MUST TAKEMUST TAKE

1. Abandoning The Steady Paycheck

Before you venture into the world of business ownership, you’ll first have to say goodbye to your current job, and in some cases, your career. Some people have the luxury of a backup plan -- an option to resume your career in case things don’t go well in your independent business.

2. Sacrificing Personal Capital

Some entrepreneurs are able to start their ventures relying solely on external funding. That usually means a collection of angel investor contributions, government grants and loans, and results from crowdfunding campaigns. But many entrepreneurs also have to dive into their own bank accounts and personal savings to get things started.

3. Relying On Cash Flow

Even if you have a line of credit, securing a regular cash flow is difficult and stressful. You can position yourself for a profitable year, but still struggle with the day-to-day necessities if your revenue doesn’t match or exceed your costs in a timely manner.

4. Estimating Popular Interest

No matter how much research you do or how many tests you complete, you’ll never be able to estimate popular interest in your business with perfect accuracy. People are somewhat unpredictable, which could put a giant hole in your otherwise sound plans.

5. Trusting A Key Employee

You won’t have a full team of employees working for you. Instead, you’ll probably have a small, tight-knit group of people working tirelessly together in an effort to get things up and running. You’ll have to put an overwhelming amount of trust in them, especially if they have special skills that are hard to find and are willing to start work at a lower salary than the industry standard.

6. Donating Personal Time (And Health).

Entrepreneurship takes a toll on the average person. You’ll spend countless hours doing work to make your company successful, and your remaining hours worrying about what you have or have not done thus far. You will lose sleep, you will miss out on personal time, and you will experience much more stress than usual.

THE ENTREPRENEUR PRODUCE CAPITAL

factor of production is capital. Think of capital as the machinery, tools and buildings humans use to produce goods and services. Some common examples of capital include hammers, computers, and delivery vans. Capital differs based on the worker and the type of work being done.

THE ENTREPRENEUR INTRODUCE INNOVATIONS

Develop insights on navigating the innovation process from idea generation to commercialization.

Build knowledge on how to create strategies to bring innovations to market.

Develop an innovation portfolio and business model canvas for your venture. We establish a framework for examining the innovation process, and quickly transition into exploring to successfully bring innovations to market.

THE ENTREPRENEUR ORGANIZE THE BUSINESS

When you organize your business and eliminate the clutter, you will feel reenergized. You will find that you are easily motivated to get straight to work when you don't have a mess to deal with. You will save time otherwise wasted looking through piles or searching for a missing document on your computer. Begin by establishing a plan. Prioritize your list, set a date with yourself and identify your motivation.