Entrepreneurship Nature and Concepts

The process of identifying and capitalizing on opportunities that can be turned into profitable ventures.

The ability to gather and manage the necessary resources, like people, money, and materials, to make an idea a reality.

Introducing new or improved goods and services to the market, often involving creativity and innovation.

The inherent risks and uncertainties that come with starting or running a business.

The potential for financial gain and personal satisfaction that drives entrepreneurs.

The willingness to take calculated risks to achieve a business goal.

A dynamic process that combines vision, resource coordination, innovation, and personal drive to create and implement new ideas.

A purposeful activity aimed at developing and establishing a profit-oriented business.

The act of creating something new with value by dedicating time and effort, accepting financial, emotional, and social risks, and reaping rewards in the form of money and personal fulfillment.

The process of discovering new ways to combine resources, resulting in a higher market value than the individual resources could generate elsewhere.

The profit gained by bearing uncertainty and risk, as opposed to predictable returns.

The introduction of new products, services, raw materials, production methods, markets, or organizational structures.

The pursuit of opportunities without considering current resources, but limited by past choices and industry experience.

The activity that involves finding, evaluating, and exploiting chances to introduce new products and services, and organizing efforts in innovative ways.

Entrepreneurship is about behavior, not personality traits. It relies on concepts and theory, not intuition.

The creation of a new organization, highlighting the key role of starting something new.

A business enterprise that qualifies for special government support programs based on its size and assets.

Single proprietorship, cooperative, partnership, or corporation

The total assets of a business, excluding the value of the land where their offices, plants, and equipment are located.

A plan designed to support and develop MSMEs, providing access to opportunities, training, and resources to help them grow.

Special government programs that help MSMEs by providing opportunities, planning assistance, training, and self-sufficiency.

The "Magna Carta for Small Enterprises", this Philippine law aims to boost small and medium enterprises (SMEs) by establishing a Small and Medium Enterprise Development (SMED) Council and streamlining government assistance programs.

An amendment to Republic Act No. 6977, Republic Act No. 8289 enhances the development and support initiatives for SMEs in the Philippines, further strengthening their role in the economy.

This law builds on previous legislation, aiming to empower entrepreneurship and strengthen programs assisting micro, small, and medium-sized enterprises in the Philippines. It also updates Republic Act No. 6977.

This section of Republic Act No. 9501 emphasizes the importance of entrepreneurship and the need to enhance development and assistance programs for micro, small, and medium-sized enterprises in the Philippines.

One of the leading entrepreneurs in the world, Jeff Bezos is the founder and former CEO of Amazon. He is known for his innovative ideas and his ability to build successful companies.

A prominent entrepreneur and philanthropist, Bill Gates co-founded Microsoft and has been instrumental in shaping the technology landscape. He is recognized for his contributions to software development and his work in global health.

An influential investor and entrepreneur, Warren Buffet is known for his value investing strategy and his leadership of Berkshire Hathaway Home Services. He is considered one of the most successful investors of all time.

A prominent figure in the fashion and luxury goods industry, Bernard Arnault is the chairman and CEO of LVMH, one of the world's largest luxury conglomerates. He oversees the management of prestigious brands like Louis Vuitton, Dior, and Moët & Chandon.