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3. Name three entrepreneurial trends that you observe in your barangay. Why do you think these entrepreneurs venture in these businesses?



Sagot :

Answer:

The Rise of the "Unsexy Business" - Today, entrepreneurs understand that they do not need to start the next "sexy" e-commerce or social media company in order to achieve success

Hyper-Focus on Early Revenue - There are many pre-revenue startups that have success raising money; however, their valuations are the outcome of a negotiation.  If you focus on creating real value for your customers, your growth numbers speak for themselves. it indicates that the distance between valuations on the private and public market will continue to reduce, which will encourage entrepreneurs to generate tangible and sustainable value.

Great Product and Sales Execution - Entrepreneurs today have to build a useful product, sell it AND engage in a feedback loop to iterate features. Meanwhile, the barrier for entry to learn skills needed to create an excellent product has lowered.  Building a great product isn't the competitive advantage anymore -- it's a given.

Explanation: