SPECIAL PROGRAM FOR

TECHNICAL-VOCATIONAL
EDUCATION
10
ENTREPRENEURSHIP
ENTREPRENEURSHIP– Grade 9
Quarter 1 – Module 1: Basic Concepts in Entrepreneurship
First Edition, 2020

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 ENTREPRENEURSHIP 9
Quarter 1
Self-Learning Module1
Basic Concepts in Entrepreneurship
Introductory Message

For the Facilitator:

Welcome to the ENTREPRENEURSHIP– Grade 9 on Basic Concepts in

Entrepreneurship!

This Self-Learning Module was collaboratively designed, developed and

reviewed by educators from the Schools Division Office of Pasig City headed by its
Officer-in-Charge Schools Division Superintendent, Ma. Evalou Concepcion A.
Agustin, in partnership with the City Government of Pasig through its mayor,
Honorable Victor Ma. Regis N. Sotto. The writers utilized the standards set by the K
to 12 Curriculum using the Most Essential Learning Competencies (MELC) in
developing this instructional resource.

This learning material hopes to engage the learners in guided and independent
learning activities at their own pace and time. Further, this also aims to help learners
acquire the needed 21st century skills especially the 5 Cs, namely: Communication,
Collaboration, Creativity, Critical Thinking, and Character while taking into
consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the
body of the module:

Notes to the Teacher

This contains helpful tips or strategies that
will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this
module. You also need to keep track of the learners' progress while allowing them to
manage their own learning. Moreover, you are expected to encourage and assist the
learners as they do the tasks included in the module.
 For the Learner:

Welcome to the ENTREPRENEURSHIP– Grade 9 on Basic Concepts in

Entrepreneurship!

This module was designed to provide you with fun and meaningful
opportunities for guided and independent learning at your own pace and time. You
will be enabled to process the contents of the learning material while being an active
learner.

This module has the following parts and corresponding icons:

Expectations - This points to the set of knowledge and skills

that you will learn after completing the module.

Pretest - This measures your prior knowledge about the lesson

at hand.

Recap - This part of the module provides a review of concepts

and skills that you already know about a previous lesson.

Lesson - This section discusses the topic in the module.

Activities - This is a set of activities that you need to perform.

Wrap-Up - This section summarizes the concepts and

application of the lesson.

Valuing - This part integrates a desirable moral value in the

lesson.

Post-test - This measures how much you have learned from

the entire module.
 EXPECTATIONS

At the end of this lesson, you should be able to;

 define what is Entrepreneurship;

 identify who is an Entrepreneur; and
 discuss the decision process for a potential entrepreneur.

PRETEST

Instruction: Read and analyse each questions below. Encircle the letter of your
answer.
1. Which of the following best explains entrepreneurship?
a. Transformation of risks into profit
b. Development of strategies to get rich
c. Introducing new product and services to market
d. Practice of creating a business along with any of its risks in order to
generate an income
2. Which of the following is the index of entrepreneurship?
a. Developing a small elite class
b. Transforming ideas into economic opportunities
c. Searching, identifying and developing raw materials
d. Innovating and developing new products and services
3. Entrepreneurship has an extra ordinary feature which is the creation of ________.
a. something unique
b. something buyable
c. something necessary for all
d. something that promotes change
4. What does it implies if a country has a lot of Entrepreneurs?
a. There are a lot of investors
b. There are a lot of tax payers
c. There is an equal equation of supply and demand
d. There is a productive community and thus produce wealth and spur
economic development.
5. Entrepreneurs who prove to be successful in taking on the ___________ of a start-
up are rewarded with profits, fame, and continued growth opportunities.
a. accountability
b. investments
c. profit
d. risk
 LESSON

What is ENTREPRENEURSHIP?

Entrepreneurship is a practice of creating a business through designing a product

or service to offer (usually to give solutions), introducing it to the market and
managing a business along with any of its risks in order to generate an income.

Entrepreneurship and Socio-Economic Development

 Transforming ideas into economic opportunities is the key of

entrepreneurship. You only have to be a keen observer of what is happening
in your environment. There and then you can formulate what business you
can later on engage in.
 Entrepreneurship is the capacity for innovation, investment, creation and
expansion in new markets, products and techniques. It has an extra ordinary
feature which is the creation of something new or something unique. It is also
a new way of making something out of something that already exists thus,
creating new markets.
 Economically, entrepreneurship energizes markets. The formation of new
business leads to job creation and has a multiplying effect on economy.
 Socially, entrepreneurship empowers citizens, generates innovation and
changes mind-sets. These changes have the potential to integrate developing
countries into the global economy.
 Entrepreneurship is an important factor in economic development. This
means that a country or society with a lot of entrepreneurs would tend to be
a productive community and thus produce wealth and spur economic
development.

What is an ENTREPRENEUR?
Investopedia discussed Entrepreneur as “an individual who creates a new business,
bearing most of the risks and enjoying most of the rewards. The entrepreneur is
commonly seen as an innovator, a source of new ideas, goods, services, and
business/or procedures.”
“Entrepreneurs play a key role in any economy, using the skills and initiative
necessary to anticipate needs and bring good new ideas to the market. Entrepreneurs
who prove to be successful in taking on the risks of a start-up are rewarded with
profits, fame, and continued growth opportunities. Those who fail, suffer losses and
become less prevalent in the markets.”
How a person decide to be an Entrepreneur?

Figure 1. Decision Process for a Potential Entrepreneur

1. Realization of current status of one’s career and/or source of income

Generally, an individual may lead to the idea of being an Entrepreneur
because of two reasons, by CHANCE and by COMPULSION.

With regard to chance, this is a situation wherein an individual have an

opportunity to choose whether to pursue their career on their existing field or
type of work or to use the gained knowledge and skills to put up their own
business.
On the other hand, compulsion, as stated in yourarticlelibrary.com, involves
“disruption in the present job/status due to retirement, lay-off and other
compulsion” that leads to none pursuance of the career or present work.
2. Finding reasons for changing the present status of one’s career and/or
source of income

According to research, economic status greatly affect the decision making of a

person to be an Entrepreneur. Persons who experience below situations find
their reasons and motivation to become an entrepreneur

 Unemployment
 Dislocation (E.g. laid off or terminated and is unlikely to return to
previous industry of occupation or permanent closure in career, self-
employed but challenged by natural disaster or general economic
condition),
 None or completion of educational degrees
 No or less possibility for career and / or economic progress
3. Develop the desire for change from the present status to become
Entrepreneur

It is commonly observed that the desire to become an entrepreneur is caused

by some factors like the culture and family a person belongs to and the
influence of the people that surrounds one person like the teachers and peers.
 As mentioned in yourarticlelibrary.com “the idea and decision to become an
entrepreneur, i.e. to start one’s own business enterprise occurs when an
individual perceives and realizes that establishing a new enterprise is
desirable for him / her”.

4. Assess and develop possibilities to become an Entrepreneur

As the desire arises to become an entrepreneur, one should assess and

develop the possibilities to make it happen, through choosing the line of the
business and planning how to form an enterprise.

An article entitled “The Entrepreneurial Decision Process” explains that “an

individual’s business background, educational background, previous
experience, government attitude, availability of finance and market and, of
course, one’s role models in business world make it possible to form an
enterprise.” These factors can be a source of ideas and innovations.

5. Take actions to be an Entrepreneur

Decision to be an entrepreneur is not yet concrete though a person surpasses

the four steps. It requires to take actions and bring the plans into life.
Whatever the realization, reasons and how desire was nurtured, the most
important part to transform these thing into its end result is to step forward,
take actions and bring ideas into life not just to gain profit but to aim to help
others.

ACTIVITIES

Instructions: “Vision Board”. Make a collage through drawing/Cut

outs/downloaded pictures from internet to show the things you want to achieve in
the future in short bond paper.
Vision board is use to set one’s mind to the things he or she wanted to achieve
(usually material things). Once mind is already set, it creates signal to the universe
to acquire positivity to attain the goals. This is called “Law of Attraction”.
Answer the questions below if you are already done with your vision board.

1. Does your vision board inspires and motivates you about your future?

______________________________________________________________________________

______________________________________________________________________________
______________________________________________________________________________

2. Looking at your vision board, have you thought how to make it possible? If yes,
How? If no, ask anyone from your area for ideas.
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

3. If you wish to start a business and become an entrepreneur, what would it be?

______________________________________________________________________________
______________________________________________________________________________

______________________________________________________________________________

WRAP-UP

Instructions: Answer the questions below as a guide and to simulate how a person
do the decision making to become an Entrepreneur.

1. ______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

2. ______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

3. ______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

4. ______________________________________________________________________________

______________________________________________________________________________

_______________________________________________________________________________
 VALUING

Instructions: “Grateful to know”. Using different mediums like through a song,

poem, essay, drawings or any artistic way you want to express how you appreciate
that you have learned what Entrepreneurship is, who an Entrepreneur is and how a
person decides to be an Entrepreneur.
 POST TEST

Instructions: TRUE or FALSE: Write T if the statement is correct and if not, replace
the underline word to make the statement correct. Write your answers at the space
provided.

_______________1. Social status greatly affect the decision making of a person to be

an Entrepreneur.

_______________2. Entrepreneurship is a practice of creating a business along with

any of its risks in order to generate an income.

_______________3. Entrepreneurship energizes stocks

_______________4. Entrepreneurship is an important factor in economic development.

_______________5. Entrepreneurs play a key role in any economy, using the skills and
initiative necessary to anticipate needs and bring good new ideas
to market.

_______________6. Choice pertains to a situation wherein an individual

have an opportunity to choose whether to pursue their career on
their existing field or type of work or to use the gained knowledge
and skills to put up their own business.

_______________7. Entrepreneur is an individual who creates a new business,

bearing most of the risks and enjoying most of the rewards.

_______________8. A person that is self-employed but challenged by natural disaster

is an example of career disorientation.

________________9. The idea and decision to become an entrepreneur occurs when an

individual realizes that establishing a new enterprise is a risk for
him / her”.

________________10. To be an Entrepreneur requires actions and bring the plans into

life.
 KEY TO CORRECTION

10. T
9. Desirable
8.Dislocation
7. T
6. Chance
5. T 5. D
4. T 4. D
3. Market 3. A
2. T 2. B
1. Economic 1. D
Post Test Pretest

References
Wikipedia. ”Entrepreneurship”. 11 July 2020. July 12, 2020.
https://en.wikipedia.org/wiki/Entrepreneurship.

Businessdictionary.”Entrepreneurship”. July 12, 2020.

http://www.businessdictionary.com/definition/entrepreneurship.html.

Investopedia. “Entrepreneur”. July 12, 2020.

https://www.investopedia.com/terms/e/entrepreneur.asp.

DK Sinha. “The Entrepreneurial Decision Process (explained with

diagram)”. July 12, 2020.
https://www.yourarticlelibrary.com/entrepreneurship/the-
entrepreneurial-decision-process-explained-with-diagram/40651.

Businessdictionary.”Dislocated Worker”. July 12, 2020.

http://www.businessdictionary.com/definition/dislocated-worker.html.

Cabasag et al. “Familiarizing Basic Concepts in Entrepreneurship”. DepEd.

July 1-5, 2009. July 12. Page 5