Micro Entrepreneurship

“An entrepreneur always look for opportunity“

Of so many theories and best practices we discussed in an entre(intra)prenuerial course, our professor made the above resounding quote. He even used as example his experience with an entrepreneur in one of their provincial trips. When they accidentally stepped on a carabao dung, the entrepreneur said “hey, we can make money out of this“, referring to the dung that is freely available and considered waste in the area, but may be useful in other areas, like energy production or fertilizer plant.

“An entrepreneur finds a need“

If we’ll look at successful businesses in our midst, and find time to study their beginnings, we’ll discover that these dudes started the business based on either perceived or real needs of people. For example

• White people would love to have tanned skin, thus, some started a business on tanning. Artificial or otherwise.
• Asians, on the other hand, would want to have a whiter skin or blond hair, thus products and services were developed out of this perceived need