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Senior High School

ENTREPRENEURSHIP
Quarter 1 – Module 1
Overview of Entrepreneurship

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Entrepreneurship – Grade 11
Quarter 1 – Module 1: Overview of Entrepreneurship
First Edition, 2020

Republic Act 8293, section 176 states that: No copyright shall subsist in
any work of the Government of the Philippines. However, prior approval of the
government agency or office wherein the work is created shall be necessary for
exploitation of such work for profit. Such agency or office may, among other things,
impose as a condition the payment of royalties.

Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand


names, trademarks, etc.) included in this module are owned by their respective
copyright holders. Every effort has been exerted to locate and seek permission to use
these materials from their respective copyright owners. The publisher and authors
do not represent nor claim ownership over them.

Published by the Department of Education


Secretary: Leonor Magtolis Briones
Undersecretary: Diosdado M. San Antonio

Development Team of the Module


Compiler / Contextualizer : Bethyl B. Gacayan and Grissil P. Babon
Editors / Reviewers : Dr. Luis Derasin Jr., Alice Ganar, Roy Guarin
John Paul Lisondato, Marilou de la Cuesta ,
Daisy Von Dy and Florinda Geyrozaga
Management Team :

Dr. Rhea Mar A. Angtud


Schools Division Superintendent

Dr. Gracia Bataluna


Chief, Curriculum Instruction Division

Mrs. Vanessa Harayo, LLB


EPS In-Charge of LRMS

Department of Education – Region VII, Cebu City

Office Address : Imus Avenue, Cebu City

Telefax : 032-255 1516


E-mail Address: http://www.depedcebucity.com
Senior High School

11

ENTREPRENEURSHIP
Quarter 1 – Module 1:
Overview of
Entrepreneurship
Introductory Message
For the facilitator:

Welcome to the Entrepreneurship 11 Module on Overview of Entrepreneurship.

This module was collaboratively designed, developed and reviewed by educators both
from public and private institutions to assist you, the teacher or facilitator in helping
the learners meet the standards set by the K to 12 Curriculum while overcoming
their personal, social, and economic constraints in schooling.

This learning resource hopes to engage the learners into guided and independent
learning activities at their own pace and time. Furthermore, this also aims to help
learners acquire the needed 21st century skills 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. Furthermore, 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 11 Module on Overview of 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 resource while being an active learner.

This module has the following parts and corresponding icons:

What I Need to Know This will give you an idea of the skills or
competencies you are expected to learn in the
module.

What I Know This part includes an activity that aims to


check what you already know about the
lesson to take. If you get all the answers
correct (100%), you may decide to skip this
module.

What’s In This is a brief drill or review to help you link


the current lesson with the previous one.
What’s New In this portion, the new lesson will be
introduced to you in various ways; a story, a
song, a poem, a problem opener, an activity
or a situation.
This section provides a brief discussion of the
What is It
lesson. This aims to help you discover and
understand new concepts and skills.
What’s More This comprises activities for independent
practice to solidify your understanding and
skills of the topic. You may check the answers
to the exercises using the Answer Key at the
end of the module.
What I Have Learned This includes questions or blank
sentence/paragraph to be filled in to process
what you learned from the lesson.
What I Can Do This section provides an activity which will
help you transfer your new knowledge or skill
into real life situations or concerns.
Assessment This is a task which aims to evaluate your
level of mastery in achieving the learning
competency.

Additional Activities In this portion, another activity will be given


to you to enrich your knowledge or skill of the
lesson learned.
Answer Key This contains answers to all activities in the
module.

At the end of this module you will also find:

References This is a list of all sources used in developing


this module.

The following are some reminders in using this module:

1. Use the module with care. Do not put unnecessary mark/s on any part of the
module. Use a separate sheet of paper in answering the exercises.
2. Don’t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do not
hesitate to consult your teacher or facilitator. Always bear in mind that you are
not alone.

We hope that through this material, you will experience meaningful learning and
gain deep understanding of the relevant competencies. You can do it!
First Quarter, Module 1, Week 1
Overview of Entrepreneurship

Content Standard : The learner demonstrates understanding of key


concepts, underlying principles, and core
competencies in Entrepreneurship.
Performance Standard : The learner independently creates/provides a
quality and marketable product and/or service in
Entrepreneurship.
Learning Outcomes : Upon the completion of the given unit, the SHS
students are expected to discuss the relevance of
the course and explain the common and core
competencies in Entrepreneurship.
Competencies : Discuss the relevance of the course.
Explain the common and core competencies in
Entrepreneurship.

What I Need to Know

Welcome to Entrepreneurship 11! In business planning, learners must


understand the big picture of entrepreneurship. In this module, the learners will be
enlightened about the fundamentals of entrepreneurship by knowing its role in
economic development. They will learn the common and core competencies
entrepreneurs must master to succeed.

The module is divided into three lessons, namely:


 Lesson 1 – Introduction to Entrepreneurship
 Lesson 2 – Key Competencies in Entrepreneurship
What I Know

Instruction: Circle T if the statement is TRUE and F if the statement is FALSE.

T F 1. Entrepreneurships produces more jobs to augment the


earnings of the country.
T F 2. Entrepreneurship improves people’s living standards.
T F 3. Entrepreneur is a person who creates the business in a creative
manner.
T F 4. A competency is the mixture of knowledge, skills, and attitude
required to perform the entrepreneurial functions to attain the
organizational success. Knowledge can be gained through
attending quality trainings.
T F 5. An entrepreneur never stopped seeking valuable information
that contributes to its success and further innovations.
Lesson

1 Introduction to Entrepreneurship

Entrepreneurship is the process of establishing a new business in a creative manner


along with the ability to take risk, to make a profit, and imbibe the “entrepreneurial
spirit.”

Entrepreneurship is compelled by the entrepreneur, a person who creates the


business and aggregates the resources efficiently and effectively to manage the
business well.

Entrepreneurship plays an important role in the development of our economy to


boost national income and tax revenue as well as bring new products and concepts
to the marketplace.

What’s In

ACTIVITY 1.1.

Instruction: Analyze the infographic and answer the questions below.

Questions:
1. Based on the graphic visual representation,

what is your idea about entrepreneurship?

2. What benefits you can get from

entrepreneurship?

3. How is the infographic helpful to you?

ttps://www.google.com/url?sa=i&url=https%3A%2F%2Fvisual.ly%2Ftag%2Fentrepreneurship&psig=AOvVaw1sRw4fqqMpOCQVzdyBI5Ck&ust=159461185
8435000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCMjfq83jxuoCFQAAAAAdAAAAABAV
What’s New

Instruction: In the quotations of the famous entrepreneurs lie the clues of the
businesses they started. Choose the answer from the box below.

Fortune Tobacco Corporation Bench National Bookstore


Shoemart Jollibee

____________ 1. “I started with shoes, and hard work and discipline, the
business prospered. “– Henry Sy, Sr.
Clues: shoe business and malls

____________ 2. “If you dream big and put your dreams into action you
will indefinitely make mistake. But don’t be scared to make mistakes. Just be
quick to recognize them and learn from them as fast as you can.” – Tony Tan
Caktiong
Clues: ice cream and fast food

___________ 3. “Whenever I want something I really work hard to get it.


There’s no such thing as swerte.” – Socorro Ramos
Clues: office supplies and bookstore

____________ 4. “The real test of an entrepreneur is how far he can go


when the tides of business turn for the worse. It is in times like these when he
should be unafraid. Be aggressive. Know your market’s needs and serve them.” –
Ben Chan
Clues: clothing and store

____________ 5. “Entrepreneurs should never give up due to failure. Not


just entrepreneurs, but people of whatever profession – all of us- should learn
from our setbacks. We should never surrender to despair.” – Lucio Tan
Clues: cigarette and manufacturing

ACTIVITY 1.2.

Instruction: Explain comprehensively.


What quote motivates you to be an entrepreneur and why?
___________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
What is It

Entrepreneurship Defined
Entrepreneurship is the process of designing, launching and running a new
business, which is often initially a small business, or as the "capacity and willingness
to develop, organize and manage a business venture along with any of its risks to
make a profit. The people who create these businesses are often referred to as
entrepreneurs. While definitions of entrepreneurship typically focus on the launching
and running of businesses, due to the high risks involved in launching a start-up, a
significant proportion of start-up businesses have to close due to "lack of funding,
bad business decisions, an economic crisis, lack of market demand, or a combination
of all of these.

Benefits of entrepreneurship

1. Entrepreneurship produces more jobs that equate to an increase in national


income. Millions of unemployed people will have opportunities to have a decent
occupation. Small businesses produce jobs and create wealth.
2. Entrepreneurship amplifies economic activities of different sectors of society. A
simple eatery in a rural area and a coffee shop in an urban area both ignite
economic activity regardless of their business scale.
3. Entrepreneurship introduces new and innovative products and services. New
products and services are always available in the market because of the
ingenuity of entrepreneurs to seek opportunities and improve on them.
4. Entrepreneurship improves people’s living standards. How can you look good
if not for the services of your nearby salon or barber shop? How can you live
without the sari-sari store near your house were you buy basic needs?
5. Entrepreneurship disperses the economic power and creates equality. It
balances the economy by distributing national income to more business rather
than to only few monopolies.
6. Entrepreneurship controls the local wealth and balances regional development.
It makes sure local resources are used properly and that every area has an
appropriate allocation of resources.
7. Entrepreneurship reduces social conflicts and political unrest. Imagine if there
are no or only few sari-sari store or supermarket stores in your area. All of
you will then fight for the food supplies because the store cannot supply all
your needs.
8. Entrepreneurship elicits economic independence and capital formation. A
country with more entrepreneurs is highly likely to become financially
independent and will less likely need to help of other countries. This also
applies to families, Barangays, and cities. Entrepreneurship creates wealth
instead of borrowing wealth.
What’s More

ACTIVITY 1.3.: INSIGHTS


Instruction: Answer the questions.
1. Give five reasons that drive Filipinos to choose entrepreneurship?
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
2. What are the entrepreneurial trends you have noticed in
your locality? Why do you think that entrepreneurs Notes to the Student
venture on this? Top 10 Entrepreneurial trends in
the Philippines (2020)
______________________________________________ 1. Food Cart
2. Eco Friendly products
______________________________________________ 3. Healthcare
4. Beauty and wellness
5. Water refilling
______________________________________________ 6. Bill Payment
7. Laundry Shop
______________________________________________ 8. Cold Beverage Stand
9. Car Wash
10. Education
______________________________________________

What I Have Learned


ACTIVITY 1.4. ESSAY
Instruction: Answer the questions.
1. What is entrepreneurship?
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
2. What are the benefits of entrepreneurship?
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
What I Can Do

ACTIVITY 1.5. IGNITE THE ENTREPRENEURSHIP SPIRIT

1. Pick one famous tagline below:


a. ABS-CBN- “In the Service of the Filipino Worldwide”
b. Del Monte – “Life gets better”
c. BDO – “We Find Ways”
d. Honda – “The power of Dreams”
e. Metro bank – “You’re in a good hands”
2. Reflect on the said tagline.
3. Relate the tagline to your daily activities.
Additional Activities

Instruction: Read the profile of Mr. Kenneth Cobonpue, a rattan’s first virtuoso
and be inspired.

Kenneth Cobonpue is a multi-awarded furniture designer and manufacturer from Cebu,


Philippines. His passage to design began in 1987, studying Industrial Design at the Pratt
Institute in New York. While completing his studies, he apprenticed for a leather and wood
workshop near Florence, Italy. He went on to study Furniture Marketing and Production at
the Export-Akademie Baden-Württemberg in Reutlingen, Germany, under a private and state
scholarship program, and subsequently worked in Bielefeld and Munich.

Kenneth returned home to Cebu in 1996 to manage Interior Crafts of the Islands, Inc., a
furniture design and manufacturing company founded by his mother Betty Cobonpue in
1972. Discovering that modern design could have a new face using natural fibers and
materials, Kenneth created pieces of functional art, offering an alternative to the Western
definition of modern design. Today, the KENNETHCOBONPUE® brand has become known
globally for its unique designs and extensive roster of clientele, including Hollywood
celebrities and members of royalty.

With his masterful way of integrating nature, traditional craft and innovative technologies,
designer and creative director Kenneth Cobonpue has earned international awards and
recognition for his creative, organic, and expressive pieces. Working closely with some of the
world’s leading designers, from household names to emerging talents, Kenneth has been
pushing the envelope for design in the Philippines and sharing his vision to a global audience.

Awards to his credit include five (5) Japan Good Design Awards, the grand prize at Singapore
International Design Competition, the Design for Asia Award of Hong Kong, the American
Society of Interior Design Top Pick selection and the French Coup de Coeur award. Several
of his designs were selected for several editions of the International Design Yearbook
published in London and New York. Phaidon’s book entitled “& FORK” underscores
Kenneth’s position as a leader of a new movement incorporating new technologies with
crafts. In 2007, TIME magazine called him “rattan’s first virtuoso.” Kenneth was named the
Designer of the Year in the first edition of Maison et Objet Asia held in March 2014 in
Singapore.

Kenneth reveals new work each year in design shows from Milan to New York, and he
speaks regularly about design all over the world. He has also appeared in European
television and in countless international magazines and newspapers around the world.
Various Cobonpue designs have also appeared in full-length feature films and television,
such as Oceans 13 and CSI.
Lesson Key Competencies in
2 Entrepreneurship

In today’s fast moving world, the entrepreneur must possess the necessary
competencies needed to conform to the standard of the dynamic and ever changing
nature of the business industry.

What’s In

ACTIVITY 2.1.

Instruction: Define the following terms:

1. Entrepreneurship -
___________________________________________________________________________
_______________________________________________________________
2. Entrepreneur –
___________________________________________________________________________
___________________________________________________________________________

What’s New

ACTIVITY 2.2. SELF – ASSESSMENT

Instruction: Place a check mark before a number if you already acquired the
following competencies.

_____ 1. Opportunity Seeking


_____ 2. Persistence
_____ 3. Commitment to work-
contract
_____ 4. Demand Efficiency and
Quality
_____ 5. Risk Taking
_____ 6. Goal Setting
_____ 7. Information Seeking
_____ 8. Systematic Planning and
Monitoring
_____ 9. Persuasion and
Networking
_____ 10. Self Confidence
What is It

A competency is the mixture of knowledge, skills, and attitude required to


perform the entrepreneurial functions to attain the organizational success.
Knowledge can be gained through attending quality trainings. Skills can be developed
by executing it from the facts you have learned in the trainings. Attitude is the
powerful weapon to perform all the activities to meet the institution’s goal.
Core competency is the ability for you to be competitive in the
entrepreneurial world. Common competency is the one that describes the KAS
(knowledge, skills, and attitude) present in all entrepreneur. Both competencies are
essential to be considered as global entrepreneur, able to compete worldwide.
Here are the common traits that the entrepreneurs must have.
1. Opportunity seeking. Entrepreneurs seek opportunities and turn it into
business. They look at every situation as an opportunity and how to transform
it into something that is relevance to the world.
2. Persistence. Persistence describes the ability to push and push toward the
finish line, even if the finish line seems comically out of reach
3. Commitment to work contact. Entrepreneur stand and committed of what they
have said. There are neither reasonable reasons nor excuses. Whatever they
promised to their clients, entrepreneurs must be committed to do it – on or
before the given deadline regardless of the road they are taking of.
4. Demand efficiency and quality. One key for a successful entrepreneur is
satisfying the client’s needs and demands which will achieve through efficient
service and quality products. It is in their blood to give the BEST and achieve
EXCELLENCE.
5. Risk taking. One capacity of an entrepreneur is to know when to take the
opportunity and calculate the risk to avoid possibility of killing ventures
because of too much risk taking.
6. Goal setting. Successful entrepreneurs set and achieve goals accordingly and
stretch their selves to the widest possibility they can be.
7. Information seeking. An entrepreneur never stopped seeking valuable
information that contributes to its success and further innovations
8. Systematic Planning and monitoring. One key to achieve goal is the systematic
planning and monitoring. Every entrepreneur knows it very well. Without
definite plan, goals can be confusing. Without regular monitoring of plans,
outcome of goals can be less quality.
9. Persuasion and Networking. Entrepreneur must know when and whom they
should pursue potential loyal clients. They build better relationship and
synergize ideas and existing resources.
10. Self-confidence – Self-confidence is a key part for the success of a business. It
is the difference between having faith in yourself and feeling scared out of wits.
It is about having trust in what you know and your abilities to handle
unexpected events that life puts in your path.
Here are the core traits that entrepreneurs should develop in managing and
running the business:
1. Leaders. Successful entrepreneurs always have the heart of a leader. To be
successful leaders, they must be a source of inspiration for their employees.
2. Communicators. Entrepreneurs know how to use all forms of communication
to effectively share ideas and address certain concerns with their customers
or employees. Effective communication not only provides people with a clear
view of what business offers, they also help prevent mishaps in an
organization.
3. Specialists. Entrepreneurs are experts in their chose business. They are
tactical and are very keen with details.
4. Problem solvers. Entrepreneurs possess critical thinking skills and look at
problems as challenges or puzzles that they need to solve. They know how to
handle issues in any area of the business, be it finance, operations, or
marketing.

What’s More

ACTIVITY 2.3.: INSIGHTS

Instruction: Underline the competencies of the entrepreneur found in the poem.

https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.slideshare.net%2FLovellMenezes%2Fclass-12-entrepreneurship-textbook-
cbse&psig=AOvVaw1de5MHSmHurM2PMKES9h4B&ust=1594775648530000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCLCnwd7Fy-
oCFQAAAAAdAAAAABAY
What I Have Learned

ACTIVITY 2.4. ESSAY


Instruction: Explain comprehensively.
1. What is competency? Being a student, how can you fully develop
entrepreneurial competencies?
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
2. Differentiate core competencies from common competencies.
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________

What I Can Do

ACTIVITY 2.5. MY DREAM SHEET


Instructions:
1. Organize your personal objectives and dreams three years after you graduate
senior high.
2. Make a sketch notes or draw it in a short bond paper.
3. Create an action plan on how are you going to realize it.

Additional Activities
Instruction: Interview any member of the family. Let her or him
identify the following:

 The importance of skills, knowledge and attitude in the business


 Among the three, which in his/her opinion is very important.
Assessment
Multiple Choice. Choose the letter of the best answer. Write the chosen letter on a
separate sheet of paper.
1. Which is NOT the basic benefits of entrepreneurship?
A. It increases social conflicts and political unrest.
B. It controls the local wealth and balances regional development.
C. It produces more jobs that equate to an increase in national income.

2. What characteristic best describes entrepreneurship?


A. A person involving in entrepreneurial activity
B. The ability to operate a business
C. The ability and willingness to take a risk to develop a business

3. Which one is not a disadvantage of Entrepreneurship?


A. Risky
B. Uncertain Income
C. You are the boss

4. Which one is not an advantage of Entrepreneurship?


A. Can choose a business of interest
B. You can be creative
C. You will make decisions alone

5. An entrepreneur is someone who assumes the major risks of a new business


by committing which of the following:
A. Career
B. Time
C. Both a and b

6. Entrepreneurs work until a job is done. They are determined to overcome


problems.
A. Persistent
B. Responsible
C. Creative

7. Entrepreneurs are constantly looking for new ways to solve problems.


A. Creative
B. Responsible
C. Goal Oriented

8. An entrepreneur is accountable for his/her actions and does what is required.


A. Responsible
B. Goal Oriented
C. Independent
Activity 1.4.
2. Entrepreneurship
produces more jobs that equate
to an increase in national
income.
What I Know Entrepreneurship amplifies
economic activities of different
1-5 . True sectors of society.
Entrepreneurship introduces
new and innovative products and
services.
Activity 1.4.
Assessment
Entrepreneurship improves
1. Entrepreneurship
1. A people’s living standards.
is the process of
2. C designing,
3. C Entrepreneurship disperses the
launching and
4. C economic power and creates
running a new
5. C equality. business, which is
6. A often initially a
7. A Entrepreneurship controls the
small business, or
8. A local wealth and balances as the "capacity
regional development. and willingness to
develop, organize
Entrepreneurship reduces social and manage a
conflicts and political unrest. business venture
along with any of
Activity 1.5. Entrepreneurship elicits its risks to make a
economic independence and profit.
 Based on the student’s capital formation.
perspective
Activity 1.3 Activity 1.2. Activity 1.1.
1. Money, flexibility,  Based on the student’s 1. Capital requirement,
control, teamwork and perspective profit, target market
legacy and location
2. Based on the student’s 2. Income, new product
perspective 3. Overview of
entrepreneurship
Answer Key
Additional Activities Activity 2.5. Activity 2.4.
1. A competency is the
 Based on the student’s  Based on the student’s mixture of knowledge,
perspective perspective skills, and attitude
required to perform the
entrepreneurial
functions to attain the
organizational success.
2. Core competency is the
ability for you to be
competitive in the
entrepreneurial world.
Common competency is
the one that describes
the KAS (knowledge,
skills, and attitude)
present in all
entrepreneur.
Activity 2.3. Activity 2.2. Activity 2.1.
 Eagerness 1. Entrepreneurship is the
 Power  Based on the student’s process of designing,
 Empower perspective launching and running
 Creative a new business, which
 Innovative is often initially a small
 Responsibility business, or as the
 Perseverance "capacity and
willingness to develop,
organize and manage a
business venture along
with any of its risks to
make a profit
2. Entrepreneur is the
people who create these
businesses.
References
https://www.slideshare.net/azeous10/introduction-to-entrepreneurship-
195462876
https://www.franchisemarket.ph/blog/10-business-trends-philippines
http://www.kennethcobonpue.com/profile/

https://study.com/academy/practice/quiz-worksheet-role-of-entrepreneurship-in-
the-conomy.html
https://www.google.com/url?sa=i&url=https%3A%2F%2Fvulcanpost.com%2F6322
64%2Fkenneth-cobonpue-furniture-filipino%2F&psig=AOvVaw2maz_ZO5pSL-
io9KFxJThV&ust=1595048824758000&source=images&cd=vfe&ved=0CAIQjRxqFw
oTCJi87LS_0-oCFQAAAAAdAAAAABAM
https://www.google.com/url?sa=i&url=https%3A%2F%2Fnuvomagazine.com%2Fm
agazine%2Fsummer-2014%2Fkenneth-cobonpue&psig=AOvVaw2maz_ZO5pSL-
io9KFxJThV&ust=1595048824758000&source=images&cd=vfe&ved=0CAIQjRxqFw
oTCJi87LS_0-oCFQAAAAAdAAAAABAR
https://quizizz.com/admin/quiz/5874cd1bccb8d4e269eb295f/traits-of-
successful-entrepreneurs

BPI-SHAPE Entrepreneurship Resource Book


First Quarter, Module 2, Week 2
Career Opportunities

Content Standard : The learner demonstrates understanding of key


concepts, underlying principles, and core
competencies in Entrepreneurship.
Performance Standard : The learner independently creates/provides a
quality and marketable product and/or service in
Entrepreneurship.
Learning Outcomes : Upon the completion of the given unit, the SHS
students are expected to explore the job
opportunities for entrepreneurship as a career
Competencies : Explore job opportunities for Entrepreneurship as a
career.

What I Need to Know

The learners will be ushered to the several career opportunities. Furthermore,


it will motivate them to uncover their hidden talents in entrepreneurship and develop
it in looking for prospects in the market to make income.

What I Know

Instruction: Circle T if the statement is TRUE and F if the statement is FALSE.

T F 1. Sari-sari store is one of the easiest businesses to set up due to


minimal capital required and because it can be managed at
home, where the business owner lives.
T F 2. Food cart businesses are usually under franchising
arrangements.
T F 3. Online business deals with adding the internet as a marketing
and transaction channel for selling.
T F 4. Tutorial business caters to students who are not able to catch
up with the lessons.
T F 5. Direct selling business is a face to face selling of products by a
sales agent.
What’s In

GUESS WHAT?

Instruction: Identify the type of business and answer the questions below.

________________ ________________ __________________


Questions:
1. What do they have in common?
______________________________________________

2. What industry does each business belong?


______________________________________________

What’s New

LET’S CLASSIFY!

Instruction: Familiarize the businesses in your neighborhood and use the table
below in classifying them according to the types of business.

TYPES OF BUSINESS
Hybrid
Service (combination
(intangible Merchandise Manufacturing either one or
products) (retail) (production) more )
What Is It

Entrepreneurship offers a lot of careers opportunity that able the learner to


work in any field. This will be the best jobs to all aspiring entrepreneurs as long as
they are equipped with the right traits.

3 types of business organizations


1. Service Business

This type of business offers professional skills, advice and consultations.


Examples: barber shops and beauty parlors, repair shops, banks, accounting and law
firms

2. Merchandising Business

This type of business buys at wholesale and later sells the products at retail. They
make a profit by selling the merchandise or products at prices that are higher than
their purchase costs. This type of business is also known as "buy and sell".

Examples: book stores, sari-sari stores, hardware stores


3. Manufacturing Business

This type of business buys raw materials and uses them in making a new product,
therefore combining raw materials, labour and expenses into a product for sale
later on.
Examples: shoe manufacturing businesses, car manufacturing plants

Additional information:

There are businesses that may be classified under more than one type of
business. A bakery, for example, combines raw materials in making loaves of bread
(manufacturing), sells hot pan de sal (merchandising), and caters customers’ orders
in small coffee table servings of ensaymada and hot coffee (service).
Careers in Entrepreneurship
List of most common small businesses in the Philippines:

 Sari – sari store  Spa, gym, and nail care


 Rice retailing business
 Food cart business  Video and photography
 Printing business business
 Buy-and-sell business  Tutorial business
 Street food business  Baking business
 Flea market business or  Web site development and
tiangge design/blogging
 Online selling business  Direct selling business
 Cellphone loading business  Car wash and car care
 Laundry and dry cleaning business
business  Bar, café, and restaurant
 Hair styling and makeup  Water station and LPG
business (liquefied petroleum gas)
station
Franchising is a business arrangement wherein the franchisor, who is the
owner of the business, acquires distribution centers through the franchisees or the
affiliated dealers.

Entrepreneur Philippines’ franchise business options in the


Philippines: Franchise or Startup Businesses

 Bakeries, bakeshops, and  Food and snacks


bread products  Gas stations/petroleum
 Bars, cafes, and coffee shops products
 Beverage and confectionery  General merchandise and retail
 Car care  Health and wellness (salon,
 Clothing and accessories massage, spa, and gym)
 Convenience stores  Schools
 Drug stores and pharmacies  Services (personal and
 Fast food establishments and business)
restaurants  Waters stations

Other Additional Business Opportunities


 Dealerships – an establishment authorized to buy and sell specific goods,
especially motor vehicles.
 Direct selling - involves distributors selling directly to consumer.
 Distributorship – a franchise granted by a manufacturer or company to
market its goods especially at wholesale in a particular area.
What’s More
Instruction: Answer the question.
What are the businesses you think you will be profitable at?
What position would you like best and why?
____________________________________________________________________
____________________________________________________________________
____________________________________________________________________
____________________________________________________________________
____________________________________________________________________

What I Have Learned

Instruction: Explain comprehensively.


1. Who is a franchisor?
______________________________________________________________
______________________________________________________________
2. Distinguish between dealership and distributorship.
______________________________________________________________
______________________________________________________________
______________________________________________________________

What I Can Do
Eight Successful Filipino Entrepreneurs Who Started Small (2019)
1. Socorro Ramos (National Book Store)
2. Tony Tan Caktiong (Jollibee)
3. Edgar Sia (Mang Inasal)
4. Cresida Tueres (Greenwich Pizza)
5. Milagros, Clarita, and Doris Leelin (Goldilocks)
6. Joe Magsaysay (Potato Corner)
7. Asiang Reyes (The Aristocrat)
8. Araceli and Jun Manas (Hen Lin)
Instruction: Answer the following questions:

1. What motivated you to become an entrepreneur?


________________________________________________________________________
________________________________________________________________________
2. What business are you interested in?
________________________________________________________________________
3. Visualize yourself as a successful entrepreneur. Make a short term and
long term goals.
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

Additional Activities

Instruction: Read the article below to help you better understand


the lesson.

"In the Lab" With Chef Jazzi—A Recipe for Success and Safety
During the COVID CrisisREAD ALL POSTS
Matthew Hobson - April 6, 2020 - Posted In Entrepreneurship,
Leadership
Around the world, young people are not just planning to create the
future they want. “I’m doing it now,” explains Jazzi Pridgen, a 15-
year-old high school student from Baltimore I met last summer. “I
just started a culinary business. I cook and sell food at basketball
games, at the barber shop, in the community.”

When we met, Jazzi was participating in Baltimore Summer Skill


Builders, a program that provides job experience while teaching life
skills using IYF’s Passport to Success curriculum. “If you’re going to
run your own business,” she told me, “you need to learn how to
communicate with people.” At the time, Jazzi’s Kitchen was just
getting off the ground, but since then, business has skyrocketed. "I
do a lot of vendor and catering events," she says. "Everything from
80th birthday parties to sweet sixteens."

Below, Chef Jazzi talks about inspiration, challenges, what it takes


to be a successful young entrepreneur, and what she's doing during
the COVID-19 pandemic.

First of all, how are you and your community, how's your
business, and what are you doing during the COVID-19 crisis?

I am doing good. My community is trying to stay as safe and calm


as possible. Businesses like barber shops, hair salons, and other
businesses in that category are shutting down. My catering
business, Jazzi's Kitchen, is shut down temporarily. I've had to
cancel several events, but I'm hopeful things will pick back up soon.
Until then, I am staying home, looking up new recipes, trying them
our and perfecting them. I like to say I am "in the lab" because there
is a science to cooking. When I'm in the lab, I'm hands-on, in the zone,
with no distractions. Also, I am working on some grilling skills. To
other young people who run businesses, I'd say stay motivated.
Everything happens for a reason. Keep going, do things that will
better your business.

How did you become interested in cooking?

I became interested in cooking at a very young age, around nine


years old. It was something I always loved doing because of being
around it so much. I come from a big family, so we can’t eat out every
day. Instead, my mom cooks big meals. I finally got to understand
that since I’m not really doing anything after school and sports
practice, why don’t I help her out? I’ve watched and soaked all the
knowledge in—and used it.
Who are your cooking inspirations?

The best cooks I personally know are my mom, grandmother, and


grandfather. My favorite dish from them is chicken Alfredo (mom),
pork chops and collard greens (grandmother), and white rice and
bourbon chicken (grandfather). Other than that, my favorite place to
eat in Baltimore is Rock and Toss—a seafood restaurant.

What advice would you give a young person thinking of


starting their own business?

One thing I learned during the Baltimore Summer Skill Builders is to


take what you love to do and have a passion for and run with it. Be
who you are and what you want to represent, with no shame at all.
Just do it.

As a young entrepreneur, what obstacles have you faced


starting your business?

The hardest thing about running a business at a young age is finding


the time to go to school, do sports, and still run the business. You
need a schedule. I manage my time by doing what’s most important
first, which is getting my education. Then, I do my sports activities.
Finally, when I get home and have that extra lay-down time, I’m
thinking about my business and what I can do to get to the next level.
I do research and try new recipes. I do a lot of business stuff on the
weekends, too, such as catering and pop-ups.

What are your plans for the future?

I want to expand my business to the fullest. One day, I’d like to own
a restaurant or work as a traveling chef.

What would you like to say to any future customers who might
read this?

I may be young, but I'm very reliable. I'm someone you can count on.
And when it comes to making your taste buds happy—you'll be more
than satisfied! Until then, stay positive, stay home, and stay safe.

Follow Chef Jazzi on Instagram to keep up with her culinary journey


or to book her to cater an event after the COVID-19 crisis.
Assessment

Instruction: Identify whether the following are:


A. Service
B. Merchandising
C. Manufacturing
D. Hybrid

____________________ 1. Personal Chef

____________________ 2. Business Travel Management


____________________ 3. Computer Repair
____________________ 4. Office Support Service
____________________ 5. Catering
____________________ 6. Grocery store

____________________ 7. Home Depot


____________________ 8. Toys R Us
____________________ 9. Restaurant

____________________ 10. Shoes


Activity 1.4.
1. He is the owner of the
business, acquires distribution
Assessment centers through the franchisees
Assessment or the affiliated dealers.
1-5. Service 2. Dealerships – an
 Based on the student’s establishment authorized to
6-8. Merchandising
perspective buy and sell specific goods,
9. Hybrid
10. Manufacturing especially motor vehicles.
Distributorship – a franchise
granted by a manufacturer or
Activity 1.5. company to market its goods
especially at wholesale in a
 Based on the student’s particular area.
perspective
Activity 1.2. Activity 1.1. Activity 1.3.
 Based on the student’s Service,  Based on the student’s
perspective Service/Merchandise/ perspective
Hybrid
1. Selling
2. Tourism
What I Know
1-5 . True
Answer Key
References

https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.sheryna.ph%2FLog
o-Maker-Artist-for-Food-Cart-Business-Cebu-City-
667349&psig=AOvVaw1yF5P4NHmRnTiJbPeVOyuv&ust=1594790730509000&sou
rce=images&cd=vfe&ved=0CAIQjRxqFwoTCOCX4Pz9y-oCFQAAAAAdAAAAABAD
https://www.google.com/url?sa=i&url=http%3A%2F%2Fdir.coolclips.com%2FHous
ehold%2FCleaning_Materials%2FLaundry_Room_and_Equipment%2FLarge_Applia
nces%2FWashing_Machines%2Fperson_doing_the_laundry_vc014902.html&psig=A
OvVaw0KwV6jjJd4vRKvPdevvYyh&ust=1594791008913000&source=images&cd=vf
e&ved=0CAIQjRxqFwoTCNj0mYL_y-oCFQAAAAAdAAAAABAK
https://www.google.com/url?sa=i&url=https%3A%2F%2Ffavpng.com%2Fpng_view
%2Fbread-bakery-clip-art-baking-bread-
png%2FP0WEXnKx&psig=AOvVaw0odMoe7LahO9MaG-
s8sZan&ust=1594791159116000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCO
iCkMT_y-oCFQAAAAAdAAAAABAS
https://www.iyfnet.org/blog/topic/Entrepreneurship
https://www.slideshare.net/azeous10/introduction-to-entrepreneurship-
195462876
https://business.inquirer.net/273445/eight-successful-filipino-entrepreneurs-
who-started-small
BPI-SHAPE Entrepreneurship Resource Book
CHED and PNU Teaching Guide for Senior High School FUNDAMENTALS OF
ACCOUNTANCY, BUSINESS, AND MANAGEMENT 1
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