ENTREP MIND
means-being engaged in
conceptualizing, starting, operating a business
for profit and with a vision for sustainability and
growth.
Entrepreneurship
is a successful entrepreneur
and the founder of JG Summit Holdings, one of the
largest conglomerates in the Philippines with
business interest in air transportation Cebu Pacific,
banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real state and property development Robinsons.
Mr. John Gokongwei
Creditors had just seized our home and business and I had no experience with earning a living.
Orphaned at the age of 13
john gokongwei earned ____ per day, enough for this needs and even buy more goods
20 pesos
At age 17, using a boat called batel, after many
days at sea, he would reached __________.
Lucena from Cebu
At the age of 15, in Cebu, using a bicycle sold by john gokongwei during his bicycle age
soap, thread, candles
he saw
that there was no future in the cornstarch business
where lower margin was needed to survive.
1961
He saw the bigger game played by Procter and
Gamble and Nestle using the brand to capture the
market for coffee, toothpaste, and other products.
Brand Age
CFC Stand for
Consolidated Food Corporation
Success of URC opened many opportunities. We
had the choice to rest with our success or pursue
other businesses.
Age of Expansion
URC stand for
Universal Robina Corporation
Four crucial questions for our expansion:
Is there a market? Could we complete? Could we find the right people and do we have enough capital? Did we have the guts for it?
The global barriers will be lifted. JG operates in many Asian countries.
Age of Globalization
engaged in buying and selling goods.
Merchants
Qualifications to be Merchants
18 years old, Disposition of asset, liabilities and network, Hibitully involve in buying and selling of goods
Owner of Ayala REIF
Trustor Trust
Ayala REIF meaning
Ayala Real Estate Investment Fund
Engage in the daily operations of the business
Trustee
Investor
Benificiary
group of people who have common board interest (common denominator) but, they all need to contribute equally.
Cooperative
business owned by stockholders/ shareholders
Corporation
came from the french transitive verb "entreprendre"
Entrepreneurship
came from the french transitive verb (meaning literally to began, tackle or undertake something)
Entreprende
person who are engaged in business use different business organization and business arrangement.
Business type of Business organization
person personally conduct business under his name or a business name.
Individual and Sole Propritorship
two or more person bind thenselves to contribute money, property, or inventory.
Partnership
arrangement whereby merchant may interest themselves in the transaction of other merchants.
Joint Account
association of persons or companies jointly undertaking some commercial enterprise
Joint Venture
legal relation whereby one person called the trustor, conveys a property to another for the benefit of a person called the beneficiary.
Business Trust
duty registered association of persons with common bond of interest, who have voluntarily joined together to achieve lawfil common social or economic end.
Cooperative
artificial being created by operation of law, having the right of sucession.
Corporation
is supplying customers’ needs for products or services for an expected profit.
Business
is the margin after deducting the cost of purchases and expenses from the selling price
Profit
Go Negosyo was launched in ____
2005
Go Negosyo implemented under ____
Gloria Macapagal Arroyo
Go Negosyo founder by
Joey Concepcion
PCE stand for
Philippine Center for Entrepreneurship
WHY ENTREPRENEURSHIP SHOULD BE THE CAREER CHOICE?
Prosperity, Salary to Employees, Opportunity to Sucess, Respect in the community
income of employee but it is just about enough for living needs and perhaps for a modest saving.
Salary Check
How does one pursue the vision of becoming an entrepreneur?
Being Inspired, Awareness of all businesses in all classification, Mindset, Keep motivated