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1. The document provides two examples of entrepreneurs who started small and grew their businesses big. The first example discusses a street food vendor who invested 50% of his daily earnings into stocks, growing his account to $2.5 million over 5 years. The second example cites several famous entrepreneurs like Mariano Que and Lucio Tan who started from humble beginnings as a peddler or janitor but built large and successful companies. 2. The document explains that a SWOT analysis identifies the strengths, weaknesses, opportunities, and threats of a business. It provides two examples of SWOT analyses for Starbucks and Nike, highlighting Starbucks' profitability as a strength but reliance on new products as a weakness, and opportunities and threats

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Romylyn B. Manuel
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207 views

Entrep

1. The document provides two examples of entrepreneurs who started small and grew their businesses big. The first example discusses a street food vendor who invested 50% of his daily earnings into stocks, growing his account to $2.5 million over 5 years. The second example cites several famous entrepreneurs like Mariano Que and Lucio Tan who started from humble beginnings as a peddler or janitor but built large and successful companies. 2. The document explains that a SWOT analysis identifies the strengths, weaknesses, opportunities, and threats of a business. It provides two examples of SWOT analyses for Starbucks and Nike, highlighting Starbucks' profitability as a strength but reliance on new products as a weakness, and opportunities and threats

Uploaded by

Romylyn B. Manuel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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NAME: ROMYLYN B.

MANUEL
INSTRUCTOR: MR.SANCHEZ SANTOS
SUBJECT: ENTREPRENEURIAL MANAGEMENT
DATE: NOVEMBER 12, 2020

QUESTION: Explain on your own idea on the statement below.


1. THE ENTREPRENEUR START SMALL TO BECOME BIG. PROVIDE AN ACCURATE EXAMPLE.
>Great things always start from small beginnings. A successful entrepreneur never look down on
small things but rather respect it .Why start small? When an entrepreneur start, they’ll always make
mistakes. If they start small, they’ll make little mistakes but when they start big, they’ll make big
mistakes and that is very costly and painful. If an entrepreneur doesn’t know the value of small things,
small actions, small roles then he/she might lose the biggest opportunity and blessings to his/her life.
A lot of people think that once an entrepreneur or a businessman start investing or start running
business, they’d suddenly become rich and successful. It is true that they become rich because they
learned how to change mindsets through small yet simple act of repetitions, they respect slow effort
of small amounts, time, and efforts they have.

Example 1: Juan is a street food vendor and aiming to become rich someday. His total earning in
just one day is 300-400 pesos only. He always separate the 50% of his income everyday and invested
it in stock market every month. After 5 years of investing in companies that used peso cost average,
Juan has now 2.5 million running in his account and still growing throughout the upcoming years. This
example shows the power of investing small. When you have very little money, that’s the time to
invest. A true entrepreneur doesn’t wait for better times before investing, doesn’t wait when they
have excess money but they invest while the money is small because time is the greatest ally.

Example 2: Another accurate example of entrepreneur start small to become big are those real
life famous entrepreneur giants that are known because of their Rags to Riches stories like Mariano
Que, from peddler to the country’s largest player in the pharmaceutical retail game, the Mercury
Drugstore. Lucio Tan, a janitor at a tobacco factory and now a business asset of Phillipine Airlines,
Tanduay and Asia Brewery. Manny Pangilinan also known as MVP, from a former professional
manager to a highest paid Philippine Chief Executive Officer and the CEO of the most profitable
company such as PLDT and many more.

2. EXPLAIN WELL THE DEVELOPMENT OF SWOT ANALYSIS UNDER THE FACTORS OF DEVELOP
ENTREPRENEURIAL ACTIVITIES. CITE AN EXAMPLE.
>SWOT refers to Strengths, Weakness, Opportunities, and Threats. Strengths are the things a
business is good at. Weakness are things a business lacks or does poorly. Opportunities is any feature
of the external environment which creates a positive potential for the business to achieve its
objectives. Threats are any external development that may hinder or prevent the business from
achieving its objectives. Conducting a SWOT analysis is a way to identify the positive and negative
characteristics present in the business or organization. Advantage of SWOT analysis is to show clear
picture of the business status and how well it performs. It also helps to identify negative factors
affecting the business. Business organizations or any organizations that conducts SWOT are well
prepared to deal with any risks. It also opens new doors and opportunities for the business itself.
Example 1:S TARBUCKS SWOT ANALYSIS
STRENGTHS: Starbucks Corporation is a very profitable organization, earning in excess
of $600 million in 2014
WEAKNESS: Starbucks has a reputation for a new product development and creativity.
OPPORTUNITIES: New products and services that can be retailed in their cafes, such as
Fair Trade products.
THREATS: Starbucks are exposed to rises int the cost of coffee and dairy products.

EXAMPLE 2.NIKE SWOT ANALYSIS


STRENGTHS: Nike is a very competitive organization.
WEAKNESS: The organization does have a diversified range of sports products.
OPPORTUNITIES: Product development offers Nike many opportunities
THREATS: Nike is exposed to the international nature of trade.

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