hello class i'm teacher general and this is your entrepreneurship subject [Music] today we're going to discuss the overview of entrepreneurship and its relevance to senior high school students first is the overview of entrepreneurship so we will be talking the meaning of entrepreneurship and entrepreneur the word entrepreneur is derived from the french verb enter prendere which means to undertake this refers to those who undertake the risk of new enterprises and enterprises is created by entrepreneur there is also a difference between the businessman and an entrepreneur as we base on the definition entrepreneur is a person who sets up a business with the aim to make a profit and creates a new business while a businessman are only after with the profit they are not innovative entrepreneur has always a chance to create new business while businessmen they do business with existing business for example you bought a banana amounting to five pesos and you sell it into six pesos just to have profit so you call yourself a what is what is the answer yes very good the businessman same scenario but instead of selling it as a banana you turn it into banana juice and sell it to 10 pesos aside from having a profit you also created a new business then you are very good next is the entrepreneurship so what is entrepreneurship entrepreneurship is the app of creating a business or business while building and scaling it to generate profit entrepreneurs take the idea and execute it while entrepreneurship is about execution of idea meaning entrepreneur is a person and entrepreneurship is the creation [Music] we have here some importance of entrepreneurship bottom line here is that because in entrepreneurship you create new business and innovation therefore everything will follow it will provide new job or it will create opportunities if you have a new business you will need to hire people so it creates jobs you will be needing also supplier so you will create opportunities for other businesses and revenue to the government in the form of tax i have your story for you to understand more the importance of entrepreneurship rb a cruise ship worker used to earn forty thousand a month which he wired directly to his mother to support his family his sudden unemployed status because of the coronavirus disease or covet 19 pandemic caused him to worry for his future but arby found something which he can do as livelihood because he likes spicy food he got the idea to create his on chili garlic oil and sell it online with the help of a friend who has already set up an online food business the venture started with a capital of ten thousand they sell a bottle of cherry garlic oil for 100 pesos the first 10 boxes sold out and the venture took off from there with now over 100 boxes sold and more orders to fill with two months the earnings rivaled rb salary on the cruise ship they also help other ofws who lost their jobs by tapping them as such sellers that's the story of rb which is from cruise ship worker to an entrepreneur some people might feel fulfilled with the kind of steady employment and stability that comes from being salaried employee others like entrepreneurs might choose for more independent you can make couple of ways to make money in addition to or instead of your steady job you can go online to look for business anywhere having separate job can also provide stronger sense of income security than one full-time job because even if you lose one you're still making money [Music] the relevance of entrepreneurship in senior high school student is to prepare students in what we call the real world we want every student to be more equipped and at least gain knowledge which they could apply after senior level for instance if there's anyone of you who hope not to continue in college you can still choose to put up your own business or get a job for you to earn you won't be hesitant to do all these possibilities since you already have prior knowledge and training [Music] activity number two enumeration give what is us in the items below write your answer in the yellow paper [Music] congratulations you are done in this lesson see you next time stay safe and god bless bye [Music] you