Report by Group on the Life Story of the

Entrep.
1. Charlie Chaplin, United Artist (Film)
2. Ralph Lauren, Polo Sport (Fashion)
3. Bill Gates - Microsoft (Design)
4. Steven Spielberg (Film, Production)
5. Walt Disney, Disneyland (AM, animation)
6. Joe Gebbia – AirBnB (Design Thinking)
7. Ben Chan – Bench (Fashion)
8. Anthony Tan, Grab (Killer App)
9. Jeff Bezos, Amazon.com (Social Media)

Content (Outline of News report): Early beginnings, traits as entrep, what

they created/ innovated, successes and failures, how are they best known for,
tell a compelling story about an event in their lives that allowed them to
change the course of their life or the world.
Guidelines for the Entrep Story Group
Report
 Theme: Newscaster/ Reporter
 Watch Sample 24Oras (Mel Tiangco, Mike E.), or TV Patrol
(Ted Failon, Noli De Castro) or late night news Jessica Soho or
CNN News in channel 9.
 Wear reporter attire or bring props, mic.
 Maximum number of minutes: 15 minutes. Please time your
report when you practice.
 You can show a video of the entrep but the video must be 3
minutes maximum only.
 Set up a meeting date, or met up on Friday AM to plan, discuss
and rehearse your part. Much better ask someone to do the
script first.
 Score: 50 pts total (Content – 30 pts, Innovative Reporting 10
pts, Understood by Audience/ prof. 10 pts).
Forms of Businesses

 Sole Proprietorships
 Partnerships
 Corporations
 Cooperatives
 Franchise
 Sole Proprietorship – 1 owner only
Advantage

1. Owner is the boss

2. Owner receives all profits
3. Owner personally knows
employees and customers
4. Owner can act quickly in decision
making
5. Owner is free from red tape
6. Owner usually pays less income
tax than a corporation
Proprietorship

Disadvantage

1. Owner may lack special

skills and abilities
2. Owner may lack funds
3. Owner bears all losses
4. Illness or death may close
the business
Different Government Forms needed
in setting up a business in the
Philippines.
DTI Business
Name
Registration
Business
Permit
Business Permit Plate
BIR
Certificate of
Registration
For Food
Other Logo
Partnership – minimum of 15 members

Advantages

1. Skills and abilities pooled

2. Sources of capital increased
3. Credit position improved
4. Contribution of goodwill
Partnership

Disadvantages

1. Disagreements among partners

2, Each partner bound by contracts of others
3. Limited sources of capital
4. Unsatisfactory division of profits.

Death of any member dissolves the

partnership
 Corporation

Business owned by a group of people and authorized by the

state to act as though it were a single person (artificial person).
Minimum of 5 incorporators (originators setting up the business)
and maximum of 15.
Certificate of incorporation
Stockholders – shareholders are the owners of a corporation.
Ownership by equal parts called shares.
Board of Directors – ruling body of the corp. They develop plans
and policies
Officers – top executives hired to manage and execute the plans.
A corporation shall exist for a period not exceeding fifty (50)
years from the date of incorporation unless sooner dissolved
or unless said period is extended.
What do you mean by
incorporators?
Are the individual
persons originally forming
the corporation and are
the signatories in the
Articles of Incorporation.
14. What are the requirements on
incorporators?
All incorporators must
be natural persons, of
legal age, their number
must be at least five (5)
and not more than fifteen
(15), every incorporator
is subscriber of at least
one share, and majority
of the incorporators are
residents of the
Philippines.
Corporation

Advantages

1. Available sources of capital

2. Limited liability of stockholders
3. Permanency of existence
4. Ease in transferring ownership
Corporation

Disadvantages

1. Taxation
2. Government regulations and
reports
3. Stockholders records
For a corporation
Cooperative
 A cooperative, by definition, is a duly registered
association of persons with a common bond of interest,
who have voluntarily joined together to achieve a lawful
common social or economic end, making equitable to
contribution to the capital required and accepting a fair
share of the risks and benefits of the undertaking in
accordance with universally accepted cooperative
principle.
Reminder
 Assignment – Submit next meeting – Sept 27, Wed
 Basic Requirements in Registering a Business
 Do a matrix or steps, poster type with summary how to
register a business.
 Choose 1 among sole proprietorship, partnership, corporation
 50 points
 Games muna
tayo!

Guess the Brand

Entrepinoy
Trivia
Prizes Await those who answer correctly.
Ilang Buwan and
Probationary Period ng
isang empleyado?

Sagot:
6 months (Article 281 of Labor
Code)
Anong pinakamababang
idad para puwede na
maging employed ang tao?
Sagot:
18 years
(RA 7610, DOLE Dept . Order
No. 65-04))
Puwede mo bang e-utos sa
mga empleyadoo mo na
bumili ng producto ninyo?

Sagot:
Hindi
(Compulsory Patronage - Article
112 Labor Code)
Puwede mo bang
pilitin ang empleyado
na mag-overtime?

Sagot:
Hindi
(Labor Code)
Ilang % and dagdag sa
wages ng empleyado pag
nagtrabaho sa Regular
Holiday (ex. Pasko)?

Sagot:
200%
(Labor Code)
Obligado ka bang magbigay
ng 13th month pay sa mga
empleyado?

Sagot:
Oo
(Labor Code)
Obligado ka bang magbigay
ng bonus?

Sagot:
Hindi
(Labor Code)
Kailan mo dapat ibigay ang
13th month pay?

Sagot:
Not later than Dec. 24
(Labor Code)
Magkano ang daily wage sa
NCR?
Sagot:
P 512 for 15 employees and up
P 475 for less than 15 employees
for retail/ service. 10 employees
and below for manufacturing
enterprise
(Labor Code)
Why are you
studying
MMPROFs?