Posts

Online blog6 Ubogan, Rhea May A.

Online Blog #6: Share your experience/s in learning this module. You can also add these questions to stimulate your entrepreneurial mind: This module has provided me with a wealth of information that has allowed me to expand my knowledge. Businesses can effectively manage by keeping track of units as they progress through various operational stages. Many entrepreneurs can be very successful if they have enough knowledge on how to run a business. Setting up a system to track "work-in-progress" and business goals allows companies to change and improve the situation in the business. This demonstrates that we can apply what we've learned not only in this class, but also in our future careers. - How can I efficiently and effectively manage inventory and product or service quality?     - Inventory management is critical to a company's profitability, yet many small firms do not practice appropriate inventory management when it comes to the products they offer. Some businesse...

Share your experience while writing/creating your business plan and your plan for start-up operations of your business as discussed in this module.

Honestly, it is difficult for me to write a business plan, but it is important. Since every business plan should uniquely answer your questions, how you decide to use your business plan can influence how you tailor it. To develop a business focus, secure capital, and attract customers, write a business plan. I must admit that I'm having trouble writing a business plan that is succinct, interesting, and insightful enough to demonstrate the viability of my business idea. I understand that coming up with a business idea is the easy part; bringing your ideas to life is the real challenge. The most difficult aspect of writing a business plan is getting underway. Lock yourself away in a spot, turn off your phone, and concentrate on the tasks at hand. Writing a business plan often entails making it flexible enough to allow for change without being a plan in the first place. In these two realms, there is a happy medium, and this is where the most performance can be achieved. Having your ta...

Have you or any of your relatives experienced finding a source of fund for your studies or daily necessities? Narrate in your online blog how you obtained your needed fund. What steps or processes did you take? Was it easy?

Yes, my parents have dealt with both seeking sources for my studies and meeting our everyday needs. And that is Debt Capital and it is refers to a formal source of capital/funds. Borrowed assets that must be repaid at a later date are referred to as debt capital. This refers to any type of growth capital that a business obtains through the use of debt. Long-term or short-term loans, such as overdraft insurance, are available.  Private bank loans are used to secure debt funding for businesses. They can also raise money by issuing debt to the general public. The issuer (borrower) issues debt securities such as corporate bonds or promissory notes in debt financing. Debentures, rentals, and mortgages are all examples of debt problems. Companies that issue debt are creditors because they swap securities for cash to carry out specific tasks. Following that, the companies will repay the debt (principal and interest) in accordance with the debt repayment plan and contracts underlying the i...

Look for a quote about planning in books, literature, internet, and other legitimate sources and write your reaction or comment on it. Explain how it impacts your view on planning.

“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” – Pablo Picasso         Even creative types like fabled master of modern art Pablo Picasso knew that inspiration is only a small part of any effort. Goal achievement is all about planning. The creative process is one of planning, failing and planning a new set of goals. But those plans are rooted in a belief that they will work. Without that faith, there is no plan that will clear the hurdles that block the progress of any project. And the more and more I look back at this year, I realize I had created a plan to achieve my goals. I love that Pablo uses “vehicle” for a plan. I reminds me of the movement toward our goals. Being a passionate to do your task can bring you to success. Sometimes we forget that a plan is document that puts structure around an idea. But without that vision to set the plan ...

Appraising Yourself for an Entrepreneurial Career

Image
1. Examine your PEC profile. Which are your strongest PECs? And your weakest ones? ✓Examining our PEC profile can truly help us to know ourselves better, to know what are our strengths and weaknesses. When I examine my PEC profile, the strongest are being have a demand for quality/effeciency, goal setting, and information seeking. While the weakest are being a risk taking and persuasion and networking. 2. What were the planned activities that you were able to do? ✓ I think the planned activities that I'm going to improve is my weaknesses, as well as learning from my mistakes and from experience, because it can be challenging to come up with a range of learning activities to use in daily living, I need to discover and explore new things. And treat challenges as my key to success, because challenges can be the best teacher. I need to put together a few ideas for different activities which have been successful enable for me to learn from that. On the other hand, for me, planning is no...

2. Will an entrepreneur succeed if one or two of the attributes mentioned are absent? Explain.

- It's a yes for me, because that one or two attributes are not the bases enable for you to become a successful entrepreneur. However, it's necessary to possess these attributes because it definitely beneficial especially if you want to be a successful ones. It seems like it is a stepping stone enable for you to achieve what you are dream of. But it doesn't mean that if you didn't  possess all of those attributes you will fail, because if you have a dedication you can achieved what your heart desires. And always remember that being an entrepreneur , you need to be humble person with some experience and self affirmation. There are tons of  ways to succeed, all you need to do is to believe in yourself that you are capable, because everyone of us has a capabilities that we should used as our way to success.

1. Why do you think we have a less developed economy?

- As a citizen of this country, for me there's a lot of reasons that I think why we have a less developed economy such as unemployment, poor infrastructural development, increasing corruption,  low economic mobility, poverty, poor health care and nutrition, socio-economic political instability, prevailing discrimination, injustice and inequality, and environmental degradation. And that is based on my observation and perception, it's very evident that these issues we are faces can truly affect our economy. Additionally, poor education and lack of opportunities  to the ambitious and educated Filipinos, as well as the access to technology and lack of expertise are also a big factor in developing one economy. Many never get the opportunity to achieve their dreams because they haven't given the opportunity to succeed. So that, these are all serious problems and challenges that our country facing right now is a big factor why we have a less developed economy and hindrance to the ...