Entrepreneur and Livelihood, Summaries of Education Planning And Management

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ENTREPRENEURSHIP

AND LIVELIHOOD

BA COMM- 1A ESTO, DONNA ANN V. GARCIA, MHARLOU JAMITO, JANIEL MESINA, LOUISE

GENERAL OBJECTIVES

1. The students should be should be able to understand the contribution of small businesses to the development of the nation.
2. The students should be able to identify the potential small businesses which are feasible in the community level.
3. The students should be able to share knowledge on how small businesses and livelihood programs may be promoted in the community level.

ENTREPRENEURSHIP

• (^) Entrepreneurship refers to the person’s

ability to produce, introduce and make

accessible to the people alternative or new

products and services in response to the

existing needs of the perspective market

with the primary purpose of gaining profit in

the process.

ENTREPRENEUR

• (^) As a risk bearer
• (^) As an organizer
• (^) As an innovator

SMALL AND MEDIUM ENTERPRISE

(SME)

• (^) Republic Act 6977 or the Magna Carta for Small Enterprises defines small and medium enterprise (SME) as any business activity or enterprise engaged in industry, agribusiness and/or services Whether single proprietorship, cooperative, partnership or corporation whose total assets inclusive of those arising from loans but exclusive of the land on which the particular business entity’s office , plant and equipment are situated, must have value failing under the following categories: Micro Less than ( - ) P 50, 000 Cottage P 50, 001 P 500, 000 Small P 500. 001 P 5,000, Medium P 5,000,001 P 20,000,

COMMON REASON WHY A SMALL

BUSINESS FAILS

1. Lack of knowledge and experience on the part of those who planned and manage the business.
2. Lack of resources to support all the capital requirements
3. Location of the business is not suitable
4. Poor inventory management
5. Premature implementation of expansion plan
6. Lack of competent workers to take care of the production process

FACTORS TO CONSIDER IN

CHOOSING THE RIGHT BUSINESS

1. Personal Interest
2. Knowledge or talents
3. Training and work experience
4. Start- up capital
5. Government programs
6. Market trends

PROMOTING SMALL BUSINESS AND

LIVELIHOOD

1. Skill training
2. Trade fair
3. Business orientation seminar
4. Job fair
5. Micro- financing
6. Tax incentives
7. Promotion of cooperatives

CONTENTS OF A BUSINESS PLAN

1. Statement of mission, vision and objective
2. Business title and description
3. Product/ services description
4. Industry analysis
5. Production and inventory management plan
6. Equipment and manpower requirements
7. Marketing plan and pricing policy
8. Financial plan

SOURCES OF CAPITAL

• (^) Small entrepreneur usually meet financial requirements for his/her investment by resorting to his/her personal savings or his other asset, loans from relatives, close friends, banks and other private and government financial institutions.

• (^) Other requirements after BPLO:
• (^) 1. Sanitary Permit to operate
• (^) 2. CENRO Certicate or Environmental Compliance Certificate
• (^) 3. Fire Safety Inspection Certicate

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