Rosaceña, Andrelle Josh P

12-Sociability

Entrepreneurship: Module 1
What I Know
1. FALSE 6. TRUE
2. TRUE 7. TRUE
3. FALSE 8. TRUE
4. FALSE 9. TRUE
5. TRUE 10. TRUE

What’s New
1. ENTREPRENEURSHIP 6. ENTREPRENEURSHIP
2. ENTERPRISE 7. ENTREPRENEUR
3. ENTREPRENEUR 8. ENTREPRENEUR
4. ENTREPRENEUR 9. ENTREPRENEURSHIP
5. ENTERPRISE 10. ENTERPRISE

What’s More
Compounded Benefits of Entrepreneurship

Importance to the Filipino people

1. It helps broaden their creativity.
- It allows individuals to think out of the box and find ways to use their skills efficiently and use
them in their favor.
2. It provides guidelines in their wealth-creating ventures.
- Entrepreneurship makes people aware of all the important factors to consider, hence improving
their decision making and possibly lessen the risks.

Importance to the local community

1. It creates new business opportunities.
- It allows local businesspeople have more options to invest time and money into.
2. It provides employment in the community.
- People will have more job options as new enterprises rise in their community
Importance to the Philippine economy
1. It encourages competitiveness and thereby challenges entrepreneurs to
keep improving their products and services.
- As more enterprises rise, competition in the market will be tougher. This forces entrepreneurs
and businesspeople to try and make their service/product better for the masses to keep on
supporting them.
2. It facilitates the smooth flow of money in the local market
- Enterprises regulates the money around the market efficiently which allows them all to operate
continuously and provide taxes for the government to collect.

Relevance of Entrepreneurship to SHS students

1. To prepare students for livelihood even before college
- As SHS students are nearing their adulthood stage, it is necessary for them to be knowledgeable
on using their skills and strengths to make money for themselves,
2. It exposes students to numerous opportunities to learn how to think critically and
analyze the pieces on the board.
- SHS students need to know how to use their own resources in a proper and careful way, and to
enhance their decision-making drastically in order to help them face “the real world”.
3. Students have to be exposed to real-world examples and learn from their own
experience
- Entrepreneurship prepares the student to the real world and helps them adjust to it by letting
them learn from experience first-hand.
4. Entrepreneurship education requires students to be innovative, creative and
collaborative with others
- Students exercise their minds to help them work smart and it helps student make use of their
connections to work efficiently.
5. Entrepreneurship education provides budding entrepreneurs with the skills and
knowledge to come up with business ideas and develop their own ventures.
- Having learnt entrepreneurship, students can become young entrepreneurs by applying their
skills and knowledge to pursue their ideas for possible businesses.
6. Entrepreneurship education aids students from all socioeconomic backgrounds to
think outside the box and nurture unconventional talents and skills.
- It helps each and every student nurture their skills and talents for it to be useful in their money-
making ventures sometime in the future, or even in present times.

What I Can Do
1. For a budding entrepreneur, entrepreneurial principles are the essentials in order to achieve greater
feats. It acts as a guideline for them to follow to keep them on track towards their goal. As for me,
my entrepreneurial principle would be to keep like-minded people near me. This will allow me to
be surrounded by people with the same goal and priority which will, in some way, motivate me.
They can also be your future business partners, who knows.

2. A photo designing/editing service can be a possible business during this pandemic. Many online
businesses are opening up through the use of social media, they may have a need to a catchy and
 clear advertisement poster/photo to attract more customers, or for those who just wanted to hire
someone to edit something for them for personal use, this service might be what they need.
Considering that it is not that safe yet to go outside, this service can be done purely online. Cash
transfer and file transfer has never been as easy as it is now, so there will be no need to risk yourself
on going out. These are the important things to identify what businesses are worth your time: the
situation of the community, your own strengths and skill, the demand for the product/service
currently, the convenience of production and transaction (especially if you are still a student or not
full-time at business).

3. Money would be the first factor that can lead me to start a business. If I were to get my hands on
some money, I wouldn’t want it to be wasted immediately by splurging on unnecessary stuffs. To
have an entrepreneurial growth, I may want to expand my connections and find partners to reach
an even larger audience on my product/service, which would hopefully also increase the customers.

Assessment
1. Initiative, Creative, Self-confident 6. Economic Growth
2. Advocates, Correctly practices 7. Standards of living
3. Economic Growth 8. Entrepreneurial principles,
Entrepreneurial opportunities
4. Entrepreneur 9. Real world
5. Socioeconomic, Talents and Skill 10. Entrepreneurial activities

What I Know
1. E 6. B
2. B 7. E
3. E 8. E
4. E 9. B
5. B 10. E