The Bachelor of Science in Entrepreneurship is a four-year degree program which centers on how to start and manage a business by combining management, accounting, finance, and marketing principles. This program is designed in order to equip students with the necessary knowledge and skills in identifying business opportunities, business planning, financing, company valuation, and business management.
Some of the subjects taught in this course are the following:
- Principles of Management
- Management Accounting
- Production and Operations Management
- Business Plan
- Business Plan Implementation
- Business Mathematics
- Business Opportunities
- Business Communications
- Financial Accounting
- Cost Accounting
- Business Law
- Business Policy
BS Entrep is taught through classroom-based frontal instructions, writing of business research papers, creation of feasibility studies and business plans, and actual implementation of these business plans.
Is Entrepreneurship a profession?
Entrepreneurship is NOT a profession. Entrepreneurship is the process of identifying a business opportunity, sourcing and obtaining the necessary resources, starting up and managing a business venture, and taking both the rewards and risks that accompany it.
What are the admission requirements for BS Entrep?
There are usually no special requirements for enlisting to the BS Entrep program, beyond the standard requirements of a high school degree and passing the schools entrance exam.
What traits will help you be an entrepreneur?
- Resourcefulness is an important trait because an entrepreneur should have the ability to make use of available resources for productivity.
- An opportunity-seeking attitude is essential because entrepreneurs must be able to readily identify or spot a business opportunity present in a given situation.
- Resilience is important because in starting and managing a business, you will surely face a lot of obstacles which you need to overcome quickly.
- An entrepreneur must also be flexible and must have the ability to adapt to changing times or situations that may affect the business.
- Being fearless is essential because starting up your own business involves a lot of risks.
- Entrepreneurs must be good decision-makers, and must be firm with the decisions they make.
- Being self-confident is another important trait because you must show your employees that you know what youre doing and is good at it so they will respect and trust you.
- Entrepreneurs must also possess hard work values in order to implement the business plan effectively and get certain tasks done.
- Being innovative is an important trait because you must always have unique and original ideas for your business venture to be successful.
- Being a good leader is important because you will not only manage a business, but also manage the employees that work for you.
- Having excellent communication and interpersonal skills is important because working as an entrepreneur entails a lot of interaction with employees, business partners, clients, customers, suppliers, etc.
- Creativity is an important factor in coming up with new products, services, or business ideas.
How difficult is this course?
This course is of average difficulty. It is not as difficult as science and math courses or other technical programs.
How long does it take to complete BS in Entrepreneurship in the Philippines?
Normally, the BS Entrep program takes 4 years to complete. Some schools which apply the trimestral school calendar system do the program within a shorter period of time.
On The Job Training / Internship
There is no CHED-mandated number of internship hours for BS in Entrepreneurship students. The length of the On-the-Job Training period depends on the requirements of the school.
Is there a board examination for BS Entrep?
There is no board examination for BS in Entrepreneurship graduates.
If you plan on working in the government sector, you can take a competency examination called the Civil Service Examination
. Those who pass the civil service examination are conferred a civil service eligibility, which is a basic requirement for entrance to government service.
Career opportunities for BS Entrep graduates
Jobs related to entrepreneurship
Entry Level jobsJobs requiring no prior to minimal level of experience:
- Business Development Officer – this involves designing, coordinating the implementation, and ensuring strong links between technical assistance and investment projects. Some of the job duties include collating data, working on policies for project approval and quality assurance, as well as assisting in developing and launching new projects.
- Business Proposal Writer – this job involves writing templates to guide proposal contributors, managing proposal reviews, rewriting content from previous proposals, updating proposal drafts, proofreading and editing proposal content, and conducting white glove reviews of final proposals.
- Business Planner – this job entails conducting risk evaluation, control techniques, business impact analysis, as well as emergency response policies.
- Research Associate – this involves duties such as conducting economic and financial research and analysis, exploring the best practice policies, and researching on market mechanisms.
Mid-Level PositionsRequire trainings and prior job experience of a few years:
- Business Owner – a business owner is responsible for creating a business plan, implementing this plan, obtaining finances for the business, managing resources, monitoring sales, and managing the employees.
- Business Consultant – this job entails helping clients solve business problems, facilitating and participating in important meetings, and communicating with the management and the client.
- Investment Consultant – this refers to an advisor who helps investors with their investment planning. They formulate clients investment strategies, aid them with the implementation, and help them fulfill their goals.
Advanced PositionsRequire years of extensive experience and practice:
- Business Development Manager – this job involves duties such as prospecting for new clients by networking and advertising, developing rapport with new clients, setting sales targets, and planning approaches to certain situations.
- Marketing Manager – this job entails monitoring and analyzing market trends, studying competitors products, improving existing products or services, and identifying target markets.
- Academician – this involves working in a university or college to teach students about the field of Entrepreneurship.
Jobs not related to entrepreneurship that graduates can apply to
- Call center agent – answers phone calls and inquiries of clients and provides customer support, usually to people from other countries
- Administrative Assistant – this job entails providing administrative support in an organization. Some of the job duties include sorting and mails and documents, writing business letters, answering phone calls,and other administrative tasks.
- Sales Representative – this job entails servicing existing accounts, obtaining orders, establishing new accounts, keeping the management informed by submitting sales reports, recommending changes in products or services, and resolving customer complaints.
- Sales Support – this job involves processing new sales leads, monitoring customer accounts, keeping track of sales targets, and providing important data to help the sales team.
- Customer Service Officer – this job involves interacting with the customers to provide information or assistance regarding the companys products, services, or operations.
- Leads Management – this involves generating potential business clientele through marketing campaigns and programs.
- Cost Controller – this job entails building an annual operating budget for the company, managing purchases and labor practices,writing reports on labor costs, and providing profit estimate reports.
- Merchandiser – this job involves deciding which goods to stock in the shops or what supplies should be bought for the production of goods. A merchandiser is always involved in buying and selling of goods.
- Insurance Clerk – this job entails tasks such as maintaining files and records, tracking policy renewal dates, and contacting customers who are delinquent in their payment.
- Store Manager – store managers are responsible for the general operations of a store, planning the daily schedule of employees, creating and maintaining budgets, as well as interviewing and hiring employees.
- Credit and Collection Clerk – this job involves contacting customers on past due accounts, account reconciliations, reviewing account information, monitoring collection problems, and working with others in the company to resolve payment issues.
- Credit Analyst – this job entails analyzing credit data and financial statements, preparing reports that include the degree of risk involved in extending credit, evaluating customer records, doing credit analysis, and conferring with credit association and other business representatives to exchange credit information.
- Budget Analyst – this involves analyzing monthly department budgeting, directing the preparation of budget reports, consulting with managers about budget adjustments, providing advice and technical assistance regarding budget preparation, summarizing budgets, as well as submitting recommendations that are subject for approval.
- Freelancer working online – doing online jobs for clients abroad, such as data entry, article writing, SEO, customer support, administrative support etc., which mainly depends on your skills
Career Opportunities AbroadThere are limited job opportunities abroad for Filipino graduates of BS in Entrepreneurship, mainly in business development positions. (source)