Learning Module

MINA DE ORO CATHOLIC SCHOOL, INC. ENTREPRENEURSHIP

(2021-2022)
Peter St. Zone III, Socorro, Oriental Mindoro

“Parochial Schools: Evangelized and Evangelizing Communities where Hearts and Minds Meet”
Direction: Find the different words that connect to the ENTREPRENEURSHIP.
Lesson
Entrepreneurship
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B O T N M L K J I T P A W E D W I B I Y
Content Standard: Performance Standard: A P A R A L S D R R O S Q R E E U V T T
I Q B I E A A F R A I D Q T M R Y V C R
The learner demonstrates The learner independently
C R S S I P Z G T P U F W Y P T T S A E
understanding of key creates/provides a quality and O S C K O S R H I R Y P A U L Y R D O W
concepts, underlying marketable product and/or service in S T B T U D X E N E T R E I O U G F R Q
principles, and core Entrepreneurship as prescribed in the A U N A Q F C J N N R E R P Y I I W P I
B V G K W G V K O E E N T L M O N T T N
competencies in TESDA Training Regulation.
D O M E E H B L V U U D Y K E P C R R T
Entrepreneurship. D X A R R J O O A R W R Y J N I O W E R
A Y A S T K N P T I R E D H T J M Q E A
Most Essential Learning Competency: S Z L A Y L M U O D Q G Y G F H E F D P
M I N V E S T O R W E T T R O E R R W R
 Discuss the relevance of the course
M I A U L N G A N D A R R Y Y H A H A E
 Explain the key concepts of common competencies and core O K B U S S I N E S S M A N W O M A N N
competencies in Entrepreneurship O E I A D E Y O L P M E F L E S F I L E
 Explore job opportunities for Entrepreneurship as a career E N T R E D A D D R R E E T R H I U E U
Time frame: 8 hours P N S O C I A L E N T R E P R E N E U R
Learning Targets: Lecture
1) define the key concepts and core competencies What is ENTREPRENEURSHIP?
2) understand the key concepts and core competencies Entrepreneurship is a proactive process of developing a business venture to
make a profit. It involves seeking opportunities for a market, establishing and operating
Lord, true source and giver of life and wisdom, a business out of the opportunity and assessing its risks and rewards through close
Grant me discernment, understanding and wisdom in learning monitoring of the operations.
Shine also in my mind The societal and economic benefits of entrepreneurship:
The light and grace of the holy spirit. 1. Entrepreneurship produces more jobs that equate to an increase in national income.
Give me a keen sense of understanding, 2. Entrepreneurship amplifies economic activities of different sectors of society.
A retentive memory, a capacity to grasp things correctly, 3. Entrepreneurship introduces new and innovative products and services.
And the skill to express myself with thoroughness and clarity
4. Entrepreneurship improves people’s living standards.
Be with me at the start of my work
Guide its progress and bring it to completion. 5. Entrepreneurship disperses the economic power and creates equality.
Grant this through Christ our Lord Amen. 6. Entrepreneurship controls the local wealth and balances regional development.
St. Thomas Aquinas 7. Entrepreneurship reduces social conflicts and political unrest.
Pray for us 8. Entrepreneurship elicits economic independence and capital formation.
Amen

Prepared by: Mia Jane D. Monton

Contact #: 09123443543
 Who is an ENTREPRENEUR?
The word “entrepreneur” has a French origin and was coined from the word
entre, which means “between” and prendre, which means “to take”.
An entrepreneur is a unique individual who has the innate ability and
extraordinary dedication to establish and manage a business, acknowledging all the risks
and reaping its reward.
Five Levels of Entrepreneurial Development
1. THE SELF-EMPLOYED – self-employed persons are, do not want to conform to a fixed
working schedule and they want to do things in their own way.
2. THE MANAGER – entrepreneur feel the need to step up and ask some help from the
people around them. They delegate and hire potential employees to do the work.
3. THE LEADER – entrepreneurs already enjoy seeing their people flourish, stepping up
and producing great results with minimal supervision and focus on the big picture and
strategic direction of their business rather than in generating sales and operating the
business.
4. THE INVESTOR – investors look for more opportunities for their business to grow and
they may either purchase one or two business that can potentially add value to the
company or sell their established business to potential entrepreneur.
5. THE TRUE ENTREPRENEUR – based on their experience, now aim for quality and
excellence in their work and they are fully learned and continue to practice, a four-step
process of thinking- idealization, visualization, verbalization and materialization.
New terms in entrepreneur’s field
1. A TECHNOPRENEUR – is an entrepreneur who puts technology at the core of
his or her business model.
2. A SOCIAL ENTREPRENEUR - one who take advantage of the country’s social
problems and turn them to profitable institution with the intention of helping
the disadvantage community rather than making a profit.
3. AN INTRAPRENEUR – is an entrepreneur in a large company or corporation
who is tasked to think, establish and run new big idea or project and usually
the product manager or the business development managers of a company.
4. An extrapreneur - is an entrepreneur who hops from one company to another
to act as the innovation champion, providing creative and efficient solutions.
Are entrepreneurs born or made?
This question has long been debated with little agreement. However, as cited
by Longenecker, J.G., et.al. (2016), Stephen Spinelli and Robert Adams described
entrepreneurs as having and exhibiting “desirable and acquirable attitudes and behaviors”
such as commitment and determination, leadership, opportunity obsession, risk-takers,
motivation to excel, creativity, self-reliance, and adaptability. According to
(www.ideasforleaders.com), competencies such as risk seeking, assertiveness and vision
are considered typical of a successful entrepreneur. But these are innate predispositions
or aspects of temperament; by using them as yardstick, it is wrongly concluded that only
certain types of people make good entrepreneurs or are capable of worthwhile
innovations.
Learning Module in Entrepreneurship
Is there such a thing as a ‘natural-born entrepreneur’?
Accordingly there is not. Specific techniques and habits must be practiced and developed
by all would-be entrepreneurs. Aside from business competencies, entrepreneurs need interpersonal
and self-leadership skills too; however, these are often overlooked. Entrepreneurial behavior‟ can be
learned and developed (www.ideasforleaders.com). The question is not who entrepreneurs are, but
what they do, and more important than business skills can be other competencies that provide a
foundation for those business skills (www.ideasforleaders.com).
Furthermore, according to www.ideasforleaders.com, there are three levels of
competencies, which all entrepreneurs need:
1. Personal competencies – These are your abilities to ground yourself so that you are
secure and self-assured in whatever situation you may find yourself (www.free-management-
ebooks.com).
Ex. creativity, determination, integrity, self-criticism.
2. Interpersonal competencies – These are your ability to lead, influence, communicate,
supervise, negotiate, and control people at all levels. It is the ability to get along with people and
motivate people to perform jobs. Entrepreneurs must effectively manage people (baseread.com).
Ex. communication, engagement, delegation
3. Business competencies – These are set of particular abilities and knowledge that sets a
company apart from its competitors (yourbusiness.azcentral.com). It also refers to the key
characteristics that successful entrepreneurs should have in order to be successful
(www.mustangbols.com).
Ex. business vision, financial management, networking
Core vs. Common Competencies in Entrepreneurship
Competencies in entrepreneurship play a leading role in making entrepreneurs successful
(baseread.com).
Entrepreneurial competencies facilitate opportunity recognition, help adapt rapidly to
changes, enhances business performance, strengthen the firm’s competitive position and stir the
achievement of organizational success. It is the sum total of the personality, skills and knowledge that
the entrepreneur possesses, which are necessary to effectively perform their functions and
responsibilities (Edralin, D. M.,2016).
Competence is an underlying personal characteristic which leads to superior
performance. It is a combination of knowledge, skills, attitudes, and motives (baseread.com).
Core competence is the foundation for sharpening a company's competitive edge and it
guides brand reputation, business growth, and marketing strategy (www.thebalancesmb.com).
Common competence is one that describes the knowledge, skills and abilities found in
most or all position (www.ifpm.nifc.gov).
Examples of Core and Common Competencies in Entrepreneurship
Prepared by: Mia Jane D. Monton
Contact #: 09123443543
Common and Core Competencies in Entrepreneurship ENTREPRENEURSHIP OR EMPLOYMENT?
1. PROACTIVE – reactive rather than passive; address issues, problems and challenges
before they come rather than when they already happened. Important Careers Factors Entrepreneur Employee
2. AGENTS OF CHANGE – develop new products and services Income  Income generated passively  Income generated actively (
3. RISKS TAKERS – entrepreneur will not be successful if they do not take risks. By taking even when the entrepreneur on working hours only); no
risks, entrepreneur do not just grab the opportunities left and right, they have to take is resting work = no pay
into consideration the potential various threats they may encounter.  Opportunity income  Income usually fixed per
4. HAVE A SHARP EYE FOR OPPORTUNITIES – know how to assess the net cause and effect unlimited, depending on the month and increases every
of an opportunity success of the business tear depending on the
5. SOCIABLE – soft skills are one of the most important competencies. Relationship  Income only earned when employer and employee’s
management is the key for employee and customer retention, which can be achieved the business is successful performance
by a sociable entrepreneur.  Income earned whether the
6. NETWORKERS – knows the key people to connect with. business is successful or
7. DECISIVE – always have a decision about their business. They make sure that all unsuccessful.
aspects of their business have clear objectives and strategies
8. BALANCED - balance between the analytical and creative side
9. INNOVATIVE – game changer. They do not stop improving and thinking of new and
worthwhile ideas for their business. Hiring and firing, organizational  Provides jobs; is the owner  Seeks for a job; one applying
Core traits of an Entrepreneur
set up and major key results of the business and conducts for job and is interviewed by
1. LEADERS - successful entrepreneurs always have a heart of a leader. To be successful
areas the talent selection company’s hiring officers
leaders, they must be a source of inspiration for their employees. They must be very
 Fully responsible for serving  Has the goal of satisfying only
humble, approachable, friendly and also know how to listen to people’s concerns.
customers, making the the employer or the direct
2. COMMUNICATORS – entrepreneurs know how to use all forms of communication to
business supervisor
effectively share ideas and address certain concerns with their customers or
profitable/sustainable and  Fully dependent on the
employees.
providing employee employer’s performance; is at
3. SPECIALISTS – entrepreneurs are experts in their chosen business. They are tactical
satisfaction risk of losing his/her job if the
and very keen with details.
 Has the power to disengage company does not perform
4. PROBLEM SOLVERS – entrepreneurs possess critical thinking skills and look at
nonperforming employees well
problems as challenges or puzzles that they need to solve. They know to handle issues
applying the due process  Can only work for the current
in any area of the business, be it finance, operations or marketing.
policy of disengaging employer exclusively
personnel
7 Competencies of Entrepreneur
1. Risk appetite
2. Sensemaking
3. Customer-Focus
4. Initiative Daily Tasks  Performs all necessary  Has routine tasks and works on
5. Influence variable tasks to establish regular or normal hours
6. Adaptability and manage a startup  Follows policies, procedures
7. Grit business, which usually takes and memoranda from the
8. Laundry and dry cleaning business most of the entrepreneur’s employer
9. Hair styling and makeup business time; spend more hours on
10. Spa, gym and nail care business work than a regular
11. Video and photography business employee and sometimes
12. Tutorial business gets no sleep
13. Baking business  Prepares policies, procedures
14. Web site development and design/blogging and memoranda for the
15. Direct selling business business
16. Car wash and car care business
17. Bar, café and restaurant

Learning Module in Entrepreneurship Prepared by: Mia Jane D. Monton

Contact #: 09123443543
Leisure Time and Vacations  Has flexible schedule and
can take unlimited number
of vacation days (applicable
only if the business has
stabilized already)
Taxation  Taxed on the net income;
can claim taxable income
deduction for allowable
expenses incurred by the
business
Comfort Level at work  Is comfortable in doing
multiple and challenging
tasks and takes
accountability with the risks
and profits of the business;
does not want to be
confined in a box; thinks
there is no box
Learning Module in Entrepreneurship
 Has limited number of
vacation days imposed by
the employer
 Taxed on the gross income;
cannot use expenses
incurred related to the job
such as food and
transportation expenses to
claim for deductions from
taxable income
 May be comfortable with
routines and minimal risks;
may also be comfortable in
working for the company
itself
Prepared by: Mia Jane D. Monton
Contact #: 09123443543