DEPARTMENT OF EDUCATION

Region V (Bicol)
Province of Albay

LIBON COMMUNITY COLLEGE

Libon, Albay
SENIOR HIGH SCHOOL DEPARTMENT
S/Y 2020-2021
2nd Semester

QUARTER 3: MODULE 1 WEEK 1-2

INTRODUCTION TO ENTREPRENEURSHIP
 MR. BENJAMIN S. TADURAN JR.
Instructor

QUARTER-3 LESSON 1 and 2

Lesson 1
INTRODUCTION TO
and 2 ENTREPRENEURSHIP

INTRODUCTION:
Mabuhay! welcome to the new exciting learning that we’re going to tackle this second semester. As
you embrace the new journey in your senior high school life, let’s dig deeper, comprehend, appreciate and apply
the stunning activities in Applied subject Entrepreneurship.

LESSON OVERVIEW
Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along
with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the
starting of new businesses.
OBJECTIVES:
Here are the learning objectives that will help you to explore, relate, and perform the task
easily.
1. Discuss the relevance of the course.
2. Explore job opportunities for entrepreneurship as a career.
ACTIVITY 1:
Instructions: As you go further to the content of the subject, formulate your own reflection through the
picture below:
LESSON CONTENT
INFORMATIOIN SHEET 1:1
Relevance of the Course Entrepreneurship

In economics, entrepreneurship connected with land, labor, natural resources and capital can generate a profit.
The entrepreneurial vision is defined by discovery and risk-taking and is an indispensable part of a nation’s
capacity to succeed in an ever-changing and more competitive global marketplace

MEANING OF ENTREPRENEUR
The entrepreneur is defined as someone who has the ability and desire to establish, administer and succeed in a
startup venture along with risk entitled to it, to make profits. The best example of entrepreneurship is the starting of a new
business venture. The entrepreneurs are often known as a source of new ideas or innovators, and bring new ideas in the
market by replacing old with a new invention.
It can be classified into small or home business to multinational companies. In economics, the profits that an entrepreneur
makes is with a combination of land, natural resources, labor and capital. In a nutshell, anyone who has the will and
determination to start a new company and deals with all the risks that go with it can become an Entrepreneur.

WHAT ARE THE 4 TYPES OF ENTREPRENEURSHIP?

 It is classified into the following types:
1. Small Business Entrepreneurship-These businesses are a hairdresser, grocery store, travel agent,
consultant, carpenter, plumber, electrician, etc. These people run or own their own business and hire
family members or local employee. For them, the profit would be able to feed their family and not
making 100 million business or taking over an industry. They fund their business by taking small
business loans or loans from friends and family.
2. Scalable Startup Entrepreneurship-This start-up entrepreneur starts a business knowing that their
vision can change the world. They attract investors who think and encourage people who think out of the
box. The research focuses on a scalable business and experimental models, so, they hire the best and the
brightest employees. They require more venture capital to fuel and back their project or business.
3. Large Company Entrepreneurship-These huge companies have defined life-cycle. Most of these
companies grow and sustain by offering new and innovative products that revolve around their main
products. The change in technology, customer preferences, new competition, etc., build pressure for
large companies to create an innovative product and sell it to the new set of customers in the new
market. To cope with the rapid technological changes, the existing organizations either buy innovation
enterprises or attempt to construct the product internally.
4. Social Entrepreneurship- This type of entrepreneurship focuses on producing product and services that
resolve social needs and problems. Their only motto and goal are to work for society and not make any
profits.

CHARACTERISTICS OF ENTREPRENEURSHIP:
Not all entrepreneurs are successful; there are definite characteristics that make entrepreneurship
successful. A few of them are mentioned below:

 Ability to take a risk- Starting any new venture involves a considerable amount of failure risk.
Therefore, an entrepreneur needs to be courageous and able to evaluate and take risks, which is an
essential part of being an entrepreneur.
 Innovation- It should be highly innovative to generate new ideas, start a company and earn profits out
of it. Change can be the launching of a new product that is new to the market or a process that does the
same thing but in a more efficient and economical way.
 Visionary and Leadership quality- To be successful, the entrepreneur should have a clear vision of his
new venture. However, to turn the idea into reality, a lot of resources and employees are required. Here,
leadership quality is paramount because leaders impart and guide their employees towards the right path
of success.
 Open-Minded- In a business, every circumstance can be an opportunity and used for the benefit of a
company. For example, Paytm recognized the gravity of demonetization and acknowledged the need for
online transactions would be more, so it utilized the situation and expanded massively during this time.
 Flexible- An entrepreneur should be flexible and open to change according to the situation. To be on the
top, a businessperson should be equipped to embrace change in a product and service, as and when
needed.
 Know your Product-A company owner should know the product offerings and also be aware of the
latest trend in the market. It is essential to know if the available product or service meets the demands of
 the current market, or whether it is time to tweak it a little. Being able to be accountable and then alter as
needed is a vital part of entrepreneurship.

IMPORTANCE OF ENTREPRENEURSHIP:

 Creation of Employment- Entrepreneurship generates employment. It provides an entry-level job,

required for gaining experience and training for unskilled workers.
 Innovation- It is the hub of innovation that provides new product ventures, market, technology and
quality of goods, etc., and increase the standard of living of people.
 Impact on Society and Community Development- A society becomes greater if the employment base
is large and diversified. It brings about changes in society and promotes facilities like higher expenditure
on education, better sanitation, fewer slums, a higher level of homeownership. Therefore,
entrepreneurship assists the organization towards a more stable and high quality of community life.
 Increase Standard of Living- Entrepreneurship helps to improve the standard of living of a person by
increasing the income. The standard of living means, increase in the consumption of various goods and
services by a household for a particular period.
 Supports research and development- New products and services need to be researched and tested
before launching in the market. Therefore, an entrepreneur also dispenses finance for research and
development with research institutions and universities. This promotes research, general construction,
and development in the economy.

INFORMATION SHEET 1: 2
JOB OPPORTUNITIES FOR ENTREPRENEURSHIP

THE BEST JOBS FOR ASPIRING ENTREPRENEURS

(BY:ALISON DOYLE Updated January 29, 2020)

If you’re an aspiring entrepreneur, there are different career paths you can take to turn your dream into a
reality. Which path you choose will depend on your experience, skills, finances, and flexibility, as well as your
goals for the future.
 Even though some entrepreneurs have become successful without spending time in a traditional
workplace, many people do have solid work experience before starting their own business. That experience
equips them with the skills they need to get a business off the ground and up and running.
There are jobs that will hone your entrepreneurial skills while you learn the ins and outs of running a
business. As well, working in roles where entrepreneurship is valued can give you some of the rewards without
the responsibility.
The other path you can take is to find a job where you don’t have to work when you’re not on the clock.
There are plenty of jobs with regular schedules that give you free time to spend on your own projects.

JOBS WHERE YOU CAN GAIN ENTREPRENEURIAL SKILLS

If you focus on jobs that align with your aspirations, you’ll be able to develop the skills you need either
to start your own venture on a full-time basis or as a side job or gig to eventually transition into your own full-
time business.
The jobs that are the best fit for you will help you gain experience in the career field or industry where you want
to launch your own business. These are some of the positions that will give you the general experience you need
to equip yourself for going it alone.
 Advertising, Marketing, and Public Relations: Working in advertising, marketing or public
relations will provide you with the know-how to reach an audience for your own product or service
when you’re ready to get started. You may be able to tap the valuable connections you’ve met on the job
for your new venture.
 Business Development: If you have strong business development skills, you’ll be able to use them to
identify opportunities for your own future business. You’ll also gain the ability to grow and manage a
business, which will be invaluable when you’re working on your own.
 Design: Whether you work in fashion, home, or product design, these skills will help you create your
own product or service and get it ready to launch.
 E-commerce and Social Media: Most businesses have an online presence, and if you are
knowledgeable about online sales and search engine optimization (SEO), you’ll have a head start getting
your venture live. Whether you’re starting a small local firm or planning to roll out your venture on a
larger scale, strong social media skills will be essential.
 Management: There are management positions available in every industry. Whether you’re starting out
in a management training program or have moved up the career ladder, working in management will
give you the leadership,
 Software, Web, or App Developer: Every business needs technology, and the work you do for your
employer will enhance your skill set and give you transferable skills to use to start and grow your own
business.
 Real Estate: Working in real estate can build the sales, marketing, finance, communications, self-
motivation, and other skills successful entrepreneurs need.
 Sales Manager/Account Executive: Sales and sales management positions provide experience and
opportunities to excel and generate income, meet and achieve goals, and, most importantly, the ability to
sell a product or service.
  Consultant: Working for a major consulting firm will give you experience in a variety of industries and
types of companies. In addition to gaining experience, you’ll have an insider perspective on many
different types of organizations.
 Product Manager: Successful product managers work on a product through research, development,
engineering, manufacturing, going live, and distribution. That experience transitions seamlessly from
someone else’s product to your own.
 Jobs Where You Can Work 9 - 5 or Flex Hours
 There are jobs where you don’t have to bring the job home with you or work extra hours. If you’re
willing to dedicate after-hours time to your new venture, you’ll have the free time you need to get your
business started. Here are some positions that will free up your after-hours time to work on your own
projects:
 Accounting/Finance: If you work in accounting or finance, especially in a corporate position, you’ll
work a regular schedule and gain some of the financial skills you’ll need to establish your own business.
 Civil Service: Many public sector jobs provide steady hours, a good salary, and decent benefits. For
most positions, you’ll have evenings, weekends, and holidays free to pursue your interests.
 Gigs and Flex Schedule Jobs: Working at a job with flexible hours or taking on gigs to gain experience or
income or to supplement your earnings while you’re getting started are both ways you can increase your income while
you’re investing in your own business.
 Human Resources: In addition to working a traditional schedule, working in a Human Resources role will help you
enhance your interpersonal skills for when you’re ready to hire employees. You’ll also gain insight into the hiring
process, and the laws and regulations employers need to follow.
 Insurance: There are many different insurance industry job titles, and many of these positions work normal office
hours without scheduled overtime.
 Teacher/School Administrator: If you’re a K-12 or college teacher or administrator, you’ll work regular daytime
hours, have holidays, and school breaks off, and have a lengthy summer vacation.

SELF CHECK 1: 1-2

INTRODUCTION TO ENTREPRENEURSHIP

PART I. Identification: Write the correct answer on the space provided that best describe the statement.

_______________1. Defined as someone who has the ability and desire to establish, administer and succeed in a
startup venture along with risk entitled to it, to make profits
________________2. Entrepreneurshipfocuses on producing product and services that resolve social needs
and problems.
______________ 3. Most of these companies grow and sustain by offering new and innovative products that
revolve around their main products
_______________4. Starting any new venture involves a considerable amount of failure risk.
_______________5. Open to change according to the situation
_______________6. If you have strong business development skills, you’ll be able to use them to
identify opportunities for your own future business.
_______________7. Working in real estate can build the sales, marketing, finance, communications,
self-motivation, and other skills successful entrepreneurs need.
_______________8. Successful product managers work on a product through research, development,
engineering, manufacturing, going live, and distribution.

_______________9. Sales and sales management positions provide experience and opportunities.

_______________10. Many public sector jobs provide steady hours, a good salary, and decent benefits.
PART II. Submit in word document a brief concept of any of the following.
(Short bond paper, Brief explanation of your learnings) send this on google classroom.

a. Business Plan Development

b. Business Concept and the Business Model
c. Business Goals: Vision, Mission, Objectives.

JOBSHEET 1:1:1

Title: Demonstrate Business Plan

Performance Objective: Given required supplies and materials you

should be able to demonstrate developing
business plan in accordance with standard
operating procedure in 1 week.

Supplies/ Materials: paper, pen

Equipment: Computer, Internet.

Steps/ Procedure:

1. Search on the internet about the concept of business plan.

2. Take note the business plan concept and parts.
3. Formulate your own business plan in accordance of your ideal business.
4. Send your output through google classroom.

Assessment Methods

1. Observation, Interview, Demonstration1.

PERFORMANCE CRITERIA CHECKLIST 1:1

CRITERIA
YES NO
Did you….
1. Prepare the material that is needed for
formulation of business plan?
2. Follow the proper way of developing Business
Plan?
 a. Parts of Business Plan?
b. Build your ideal business concept?
c. Demonstrate understanding of Business
Plan formulation?

TASK SHEET 1.1: 2

Title: BE AN ENTREPRENEUR ENTHUSIAST

Performance Objective: Given the required supplies and materials you should be able
to make a video blog, in regards of Job opportunity of an
Entrepreneur in 1 week. (Individual task to be send via
google classroom.

Supplies/Materials : Paper, Pencil, Pen

Equipment : Computer, Internet connection, Cellphone.

Steps/Procedure:
1. Prepare the materials that are needed
2. Make a brief explanation of via video blog.
 Being an Entrepreneur
 Entrepreneurial skills
 Job opportunities of an entrepreneur.
Assessment Method: observation, demonstration.

PERFORMANCE CRITERIA CHECKLIST 1.1:2

CRITERIA
YES NO
Did you….
1. Prepare you the materials for video blog?
2. Develop the right concept of your video blog?
 Being an Entrepreneur?
 Entrepreneurial skills?
  Job opportunities of an Entrepreneur?

Note: All formulation of reflection, Video demonstration will be send through google classroom.

REFERENCES:
https://www.thebalancecareers.com/best-jobs-for-aspiring-entrepreneurs-4160409

https://byjus.com/commerce/what-is-entrepreneurship

https://en.wikipedia.org/wiki/Entrepreneurship