Differentiate ordinary small business and entrepreneurship Entrepreneurial mindset versus Small business mindset Presentation by Dave Gerald Booc

1. 12- Temperance
By: D.G.B. (2017)

3.  Entrepreneurship is quality of being an
entrepreneur.
 comes from the French verb entreprendre
 Different from ordinary small businesses
activity.The distinction lies in the
descriptive word “ordinary.”
 Covers small and medium-scale businesses.

4. Entrepreneurship
Ordinary Small
Business
Small Business
Medium -scale
Business
Entrepreneurship
Intrapreneur/Entrepreneur
Ordinary business
owner

5.  Inheriting and/or running an existing
businesses (family owned, co-owned)
 Working for other businesses or
entrepreneurs for a salary
 Selling already available goods or services as
a franchisee or dealership

6.  Motive in opening a business
 Perception of risk in the business
 Reactions to changes in the environment
 View on competition

7.  Vision for the development and growth
 Horizon of business operation
 Sources of business funds

8.  Entrepreneur
o Means to be happy and
Fruitful life.
 Wealth-creating
venture
Finds his/himself
improve his/her life.
 Owner of ordinary Small business
o Make it his/her source
of livelihood.
Earning profit

9.  Entrepreneur
o Takes and faces the
business risk squarely.
 Risk-Taker… and finds
ways to minimize the
effect.
o Business risk is a
deterrent to the operation
and must be avoided.
 Avoidant of taking risk
 Owner of ordinary Small business

10.  Entrepreneur
o Changes would be a
creative mechanism
 Reacts positively to the
changes.
 Owner of ordinary Small business
o Change is not a plus factor
to the daily operations but
rather a source of negative
consequence
 Passive and static to the
changes

11.  Entrepreneur
o Force to improve
present products and
services.
 Presence of competition
is a sign of healthy
economic environment.
 Owner of ordinary Small business
o Discourages competition and
uncomfortable working in a
competitive environment.
 Competition is unhealthy
element in the business and
tries to avoid it.

12.  Entrepreneur
o Manages the venture to
provide development and
growth.
 Vision and mission of
his/her business is clear.
 Owner of ordinary Small business
o Relies upon chance or luck in
maintaining the status quo of
business.
 Not so much concerned about
the development and growth as
long as he/she satisfied with its
earnings.

13.  Entrepreneur
o Concerned with the major
economic events both
local and global business
market.
 Thinks globally but acts
locally.
 Owner of ordinary Small business
o Expansion has never been an
idea worth entertaining for the
owner.
 Centered only on the local
environment.

14.  Entrepreneur
o He/she explores ways to
generate the much-needed
funds from both internal
and external resources.
 Owner of ordinary Small business
o Tends to limit the funding of
his/her business enterprise to
personal resources.
o He/she fears that financial
institutions will not be willing to
extend financial assistance to
the business.

15.  Entrepreneur  Owner of ordinary Small business
Difference :way of thinking
and Focus with various
areas•Invention of business
•Search for what is
interesting, intuitive, long-
term
•Holistic, Significance,
Meaning, Leap forward
•Benefits
•Emotion, Visual Thinking
•Risk taker, Flexible ,
•Potentially High Rewards
•Search for truth, Short-
term
•Logical, Linear, Utility,
Incremental
•Facts, Verbal, Measure
•Minimal Risks, Predictable
•Smaller Rewards
•Think for Profit
AnalyticalThinkersPossibilityThinkers

17. Books
Aduana, N. (2017). Entrepreneurship in the Philippine Setting, C&E Publishing House
Allen, K. R. (2001). Entrepreneurship For Dummies. Forster City, CA: IDG Books Worldwide Inc.
Websites
Piu, G. (2012, January 19). Difference between Business and Entrepreneurship. Retrieved November 14, 2017, from
BusinessDesignTools.com:
http//:www.The%20difference%20between%20Business%20and%20Entrepreneurship%20-
%20Business%20Design%20Tools.html
Seth, S. (n.d.). Entrepreneur Vs Small Business Owner Defined. Retrieved November 14, 2017, from
Investopedia:
http://www.investopedia.com/Entrepreneur%20Vs.%20Small%20Business%20Owner,%20Defined%20_%20
Investopedia.html