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Mind Map for Entrepreneurship

Mind Map for Entrepreneurship

EntrepreneurshipSocio-Economic DevelopmentThe support of the Philippinegovernment to entrepreneurship.Entrepreneurship creates employment of resources: land, labor, capital,entrepreneurship.Entrepreneurship brings equitable distribution of income.Entrepreneurship brings industrialization to the countryside.The Go Negosyo Law (Republic Act No. 10644)The Barangay Micro Business Enterprise Law (R. A. 9178 of 2002)The Magna Carta for Small and Medium Enterprises (R. A. 6977)The Intellectual Property Code of the Philippines (R. A. 8293)Innovative Start Up Act (R. A. 11337)establishment of enterprises, jobs are created; resources such as land,laborWhen entrepreneurship flourishes,then more jobs are created.Entrepreneurs employ unutilized and unmaximized resources.Entrepreneurship helps provide sources of income through the job creation.“the rich becomes richer, the poor becomes poorer” is changed to “therich becomes richer, the poor becomes rich”.Preventing the migration of talentsthus assuring improvements in the countryside.Bringing development in the rural or countrysideEntrepreneurship helps provide the following:Entrepreneurship brings income to the governmentProducts and necessities that sustain lifeFreedom from servitude, social deprivation, and miserySelf-esteem for the entrepreneurBeing a person with a sense of self-worth andself-respectBeing of service to the community.Taxes paid by theentrepreneurTaxes paid by the businessTaxes paid by the employeesGeneral theories on economic developmentAccess to finance, legal, technological, and socio-psychologicalFinancial AssistanceMarketing assistanceProduction and productivity assistanceLaw of natureRacial heritageClimatic conditionCultural diffusionPrinciple of invisible hand
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publish time: 2021-03-11
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Here is a mind map about entrepreneurship in the Philippines. First of all, the entrepreneurs should consider the external conditions, like the environment, climate, law, governance, and financial statuses. For developing socio-economic entrepreneurship, entrepreneurship creates employment of resources: land, labor, capital, entrepreneurship. Entrepreneurship brings equitable distribution of income. Entrepreneurship brings industrialization to the countryside. Learn more from this mind map and try to make your concept visualized.

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