dynamic process conceptualizing, financing, and running a business enterprise to provide goods and services and earn profits

he coined the term entrepreneur

whats the french word of entrepreneur - means to undertake

an entrepreneur’s traits or personal attributes rather than physical assets or financial resources

mostly composed of start-ups or those entrepreneurs which are in the first stages of operations. It can provide access to customized financial, legal, or technological solutions. It can also enhance the chances of meeting likeminded entrepreneurs, potential investors, and even suppliers.

National Bookstore

SM and BDO

Jollibee

Tanduay, Fortune. PH airlines. PNB

describes in detail how a business operate to attain its goals. it is a written outline that evaluates all aspects of the economic viability of a business venture, including a description and analysis of its business prospects.

brief description of the company. short profile of the entrepreneur and its key employees. No more than 2 pages

details the amount of funding needed to finance the project or business

contains the product or service description and a comparative analysis

states what will be provided and sold to the market, benefits, and production process

states the form of business, describes the organizational structure

monitors and analyzes these external factors to identify opportunities

used to gain insight to a particular field by talking to people from different demographics to gain perspectives

researching major competitors

Describe what a company wants to accomplish over a specific period of time. Gives businesses directions

vivid mental picture of goal

clear expression of an organization’s reason for being & includes brief plan of action and to reach goal

gives direction and provide a purpose for the company’s everyday operations

task of recording and keeping track of day-to-day financial transactions of a business

principal book where accounting entries recorded in journal are segregated

increases an asset/expense account, or decreases a liability/equity account

increases a liability/equity account, or decreases an asset/expense account

composed of assets, liabilities, and owner’s equity and serves as a snapshot of the company’s finances as it currently stands.

items your company owns that provide future economic benefit; puts money in your pocket

what you owe to other parties; take money out

shows company’s revenues, expenses, and profitability over a period of time

shows how cash is going in and out of the business; measures how well a company generates cash to pay its debt obligations and fund its operating expenses

payment of dividends, payments for stock repurchases, and repayment of debt principal, as well as cash paid to business owners.

cash generated from products/services, including receipts from good/service sales, interest, income tax, supplier payments, employee salaries, rent.

purchase/sale of asset, loans

provides an estimate of potential of the business venture; analyzes current and future revenues and costs to help determine the best plan of action

pool of money set aside for a specific purpose

help create and grow young businesses by providing them with necessary training and support.

funds that come from wealthy investors

use their own net worth, wealthy private individuals focused on funding small business ventures in exchange for equity

appointment of efforts, the combination, the designing, and integration of elements of marketing into a program or mix

any goods or services that is produced

 location where the buyer and seller exchange

value of money in exchange for a product or service

activities that communicate the product to user

ultimate marketing strategy, they sell and push the product

outside appearance of a product and how it is presented to the customers

process used by marketers to create an image in the minds of a target market

strategic process of creating a company product or service image that is distinct from their competitors

Personal Entrepreneurial Competencies

VIMROID

Strategic Brand Development -> BTD BAD CVLE