Professional Documents
Culture Documents
SELF-LEARNING
MODULE
Entrepreneurship 12
ABM/ HUMSS/STEM
S1-Final/Weeks 5-6
Prepared by:
For feedback or inquiries, you can reach out through the following:
0955-943-8418 TM / 0977-2442-096 TM
andresczarinaciara@gmail.com
lesterpaulEsquivel15@yahoo.com
SELF-LEARNING MODULE
Entrepreneurship 12
First Semester-Final Term
W5-6 Learning Competencies
The learner is able to:
Manifest understanding of starting and operating a simple business.CS_EP11/12BENTREP-IVa-i-1
Implement the business plan. CS_EP11/12BENTREP-IVa-i-2
1. Identify the reasons for keeping business records
2. Perform key bookkeeping tasks
CS_EP11/12BENTREP-IVa-i-3
1. Identify where there is a profit or loss for a business; and
2. Generate an overall report on the activity
CS_EP11/12B-ENTREPIV-j-4
Schedule of Lessons
A pleasant day to you my dear student, peace and all good, one with you! Before starting the module, I
want you to set aside other tasks that will disturb you while enjoying the lessons. Read the simple
instructions to successfully enjoy the objectives of this kit. In this learning material, you will see and
explore the different types of seafood and how they differ from each other. Are you ready to start this
module? Please scan the QR code or copy the link below and watch the video clip.
https://www.youtube.com/watch?v=A5Tq-2fSTFY
INTRODUCTIO
N
Starting a business involves many activities related to organizing the organization, generating of an idea for the
enterprise, researching the idea's potential for success, and writing a business plan. Starting a business of any size requires
an investment. Regardless of the size of a business, it must be unique in order to succeed. Many large, successful
companies began as small organizations with a business idea that was significantly different from anything else on the
market (Encyclopedia.com 2019). The most frequently used forms by entrepreneurs are startup, buying existing business
and franchising.
2 |Entrepreneurship 12 – Final Term_ Week 5-6
Startup is a young company founded by one or more entrepreneurs to develop a unique product or service and
bring it to market. Buying existing business is acquiring either the shares or all the assets of the existing company.
Franchising is when the owner of the company that already has a successful product or service, licenses its trademark,
trade name, and methods of doing business to others in exchange for an initial franchise fee and royalty payments (Edralin
2019).
Consider these factors (Edralin 2019) before you start a business to build an entrepreneurial mindset. It is
important to an entrepreneur to exploit the opportunity by starting a business on the right path, with a solid foundation to
enable to grow, succeed and become sustainable in the business. In starting a business, you must be clear about your
purpose in establishing your own business whether it is for profits or for feeding your family. You must also present a
winning business concept that manifest tremendous future possibilities or might say you may change the world.
You must also think of having an angel in your business. Look for partners that can contribute their expertise,
experience and good character that will enable your business to succeed.
In this module, you will be able to practically implement your newly developed Business Plan. In which case, will
help your target business most likely to succeed. Because this is where you will actually operate the business. Thus,
selling your product/service to the potential customers. You are expected to operate your own business and keep your
business records to monitor the progress of your business operation. You may start discovering this module but, keep in
mind the focal question below:
What are the basic principles in implementing a business for the entrepreneur?
Weeks 5-6/ Lesson 3: Business Implementation
EXPLORE
Starting a business involves planning, making key financial decisions and compel a series of legal activities. Here
are the steps that might guide you in starting your business:
1. Conduct Market Research – Gathering information about existing business and potential customers may
help you to tell if there is an opportunity and may find you a competitive advantage for your business.
2. Write your Business Plan – Your business plan is the foundation of your business. It is your roadmap on
how to structure, run and grow your new business. Your convincing power to attract investor to your
business.
3. Fund your business – Look for sources of funds.
4. Pick your Business Location – Finding business location is one of your important decisions to make.
5. Choose a Business Structure – Identify whether your business is micro or large, single proprietorship or
partnership, it will give impact your business registration requirements and your personal liability.
6. Choose your Business Name – Make sure your business name is unique and not being used by someone else.
7. Register your Business- Make your business legal to protect your brand.
8. Apply Licenses and Business Permit – Make your business legally operated and compliant.
9. Advertise your Business – You may use traditional advertising such as television ads, radio ads, and
newspaper your ads and the easiest way now is using social media platforms such as Facebook, Youtube,
Instagram and the like.
10. Build your Team – Look for staff that will contribute to the success of your business.
I hope that through exploring this module, you will experience meaningful learning and gain deep understanding
of the topics. As you go along, keep on thinking the following essential question:
What are the basic principles in implementing a business for the entrepreneur?
Directions: Implementing the Business Plan is not that easy. It needs to be registered to make it legal and record
keeping gives a lot of benefits to the enterprise. For this activity, identify the services offered by the following offices to
you as an entrepreneur.
1. Department of Trade and Industry (DTI)_____________________
2. Securities and Exchange Commission (SEC)_________________
3. Bureau of Internal Revenue (BIR)_________________________
4. Mayor’s Office_________________________________________
5. Social Security System (SSS)____________________________
6. Philhealth____________________________________________
7. Pag-ibig Fund_________________________________________
Process Questions:
1. As an entrepreneur, is it important to know the services offered by the offices mentioned above?
2. If your answer is YES, in what way do the services offered become important to you?
3. If your answer is NO, what makes their services unnecessary to you?
3 |Entrepreneurship 12 – Final Term_ Week 5-6
4. Do you think a business can last without availing the services of the said offices? Why? Or why not?
*****
Activity 2: What comes First?
Directions: Arrange the steps to start a business. Rewrite the whole statement from Step 1 to 10. Do this in your LAS.
1. Look for sources of funds
2. Make your business legal to protect your brand name.
3. Use Social Media Platform in advertising your business.
4. Look for trained staff.
5. Make your business legally compliant.
6. Create a unique business name.
7. Gather information from existing business and from potential customers.
8. Create your business plan
9. Find a strategic location.
10. Identify your business structure.
Process Questions:
1. In your own opinion, is it legal to run a small business at your home?
2. In our current situation, what do you think is the best home based business?
3. Is it easy to start and sustain a business?
End of Explore
Congratulations for accomplishing the first learning segment! Hard working student like you always perform
successfully, so if you want to be successful in the future don’t stop discovering this module. You can now start
answering the activities found in the Firm-up section
FIRM-UP
Planning is “today’s preparation for tomorrow”. It is looking ahead by arranging a structure for doing a project.
These are the questions to be answered by what to do? When it is to accomplish? Where will it take place? Who will do
it? How to do it and How much resources needed?
Business Plan is a written document that describes in detail how a business — usually a startup — defines its
objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from each
of a marketing, financial, and operational standpoint to attract investment before a company has established a proven
record (Hayes 2020). The body of the business plan is divided into five distinct sections (Rafael 2005):
Description of the business
Provide a detailed description of the business. It answers the question “What business am I in?” The
business description is divided into three primary sections:
a. Business Description – In describing the business, it explains legalities (business form), licenses
and permits you will need, what is your product/ service offering, and time of operations.
b. Product/ Service – Describe the benefits of your goods/ services from your customer’s
perspective.
c. Location – It should be strategic, accessible and secured to consumers.
Marketing Plan
Know the customers likes, dislikes and expectations to come out with marketing strategy. Describe your
target customers. Marketing plan divided into 3 sections:
SWOT Analysis
A compilation of your company's strengths, weaknesses, opportunities and threats. The primary
objective of a SWOT analysis is to help organizations develop a full awareness of all the factors involved
in making a business decision.
Registering your Business
Every business small or large has to register with various government agencies. Why do you need
to register your business?
It gives you a unique identity. It is easier to get bank credit and
investment from investors.
It protects you from personal liability. It is important for continuity sake.
It attracts more customers. It secures and protects your business and
customers.
Now, you already have a brief knowledge and understanding about Business Implementations. Let’s see if you
can apply this knowledge through accomplishing the activities prepared in this segment. You can now start this learning
section but, keep on thinking the focal questions below:
What are the basic principles in implementing a business for the entrepreneur?
*****
LC 1-2: Manifest understanding of starting and operating a simple business CS_EP11/12BENTREP-IVa-i-1/ Implement
the business plan CS_EP11/12BENTREP-IVa-i-2
Process Questions:
1. What would be your biggest challenge in becoming an entrepreneur?
2. How can you overcome this challenge?
*****
LC 3: Identify the reasons for keeping business records/Perform key bookkeeping tasks. CS_EP11/12BENTREP-IVa-i-3
Accounting is a “language of business”, the process of recording financial transactions pertaining to a business
(Alicia 2020). Accounting cycle is the principal accounting procedure or steps employed to process transactions during a
fiscal period. Modern Accounting involves seven steps and the first three steps fall under the bookkeeping function.
Bookkeeping is the process of recording all financial transactions made by a business, and the process of keeping
track of every financial transaction made by a business firm from the opening of the firm to the closing of the firm.
Bookkeepers are responsible for recording, classifying, and organizing every financial transaction made through the
course of business operations.
Bookkeeping differs from accounting. How? A bookkeeper collects the documentation for each financial transaction,
records the transactions in the accounting journal, classifies each transaction as one or more debits and one or more
credits, and organizes the transactions according to the firm's chart of account. At the end of the appropriate period, the
accountant takes over to analyze, review, interpret, and report financial information for the business firm (Carlson 2020).
Directions: Journalize the given transaction below. Use General ledger 4 columns or 6 columns. You may also
draw a replica of general ledger in a long bond paper. You may use also Microsoft excel to journalize the transaction.
Watch the video clip below in order for you to correctly perform the task. Copy the link or scan the QR code below. In
doing this activity, use a long bond paper.
In 2020, Bestfriends Joana and Erika opened a dress shop. They cater to the plus size individuals in the city. On
November 2, 2020, they invested 500, 000 in cash.
6 |Entrepreneurship 12 – Final Term_ Week 5-6
On November 3, 2020, they purchased sewing equipment worth 35, 000 from Patahian Store. They also
purchased utility van worth 250,000 on credit from Pidalinmo Shop and promise to pay at the end of the month..
On November 6, they purchased worth of 5,000 office supplies, 15,000 of sewing supplies from Pandayan
Store and Patahian Store.
On November 10, they completed school uniforms for SHS students of Sapang BAto National High School worth
350,000.
On November 15, 2020. They paid the three sewers 2,000 each and the office clerk 2,500.
On November 18, they accepted to provide service from Sapang Bato Elementary school for Faculty T-shirts
amounting to 30,000 on credit.
On November 29, they received payment Sapang Bato Elementary school for Faculty T-shirts amounting to
30,000.
November 30, they paid electric of 2,000, water bill worth 750.00 and internet connection for 1299. Joana and
Erika withdrew 2,000 each for personal use.
Process Question:
1. Based on the video clip you’ve watched, what is
journalizing and what are its advantages and
disadvantages?
https://www.youtube.com/watch?v=Xrc-1BbQpwI
LC 4: Identify where there is a profit or loss for a business; and Generate an overall report on the activity CS_EP11/12B-
ENTREPIV-j-4
Financial Statements written records to determine whether the company will earn profit and will have enough
cash from operations to finance all its requirements. Companies prepare four financial statements from the summarized
accounting data.
Income Statement or Profit and Loss Statement or Statement of Financial Condition or Statement of
Operations presents the revenues, expenses and resulting net income or net loss for a specific period. Net
Income results when revenues exceed expenses. Net Loss occurs when expenses exceed revenue.
Statement of Cash Flows reflects the amount of cash received by the enterprise and the cash spent for
operations. It summarizes the cash inflows (receipts) and cash outflows (payment) for a specific period. The
statement of cash flows reports: (1) the cash effect of company’s operations during a period; (2) its
investing transactions; (3) its financing transactions; (4) the net increase or decrease in cash during the
period; and (5) the cash amount at the end of the period.
Balance Sheet or Statement of Financial Position presents the financial position of the business. Reports
the assets, liabilities and owner’s equity at a specific period. Total assets must equal total liabilities and
owner’s equity.
Owner’s Equity Statement summarizes the changes in owner’s equity at a specific period.
Directions: Watch the video clip carefully and answer the process questions. To access the video, copy the link or scan
the QR code below. Do this in your LAS.
https://www.youtube.com/watch?v=TcoYuqPJm9g
Process Questions:
1. What is the video all about?
2. Based on the video, how do you write a financial statement?
3. Why do employees need financial statements?
4. What is the main purpose of financial statements?
5. What are the top 3 things you would look into your financial statements to check if your business is growing and
why?
Directions: Before you end this section, go back to the LINK CHART that you’ve answered in your activity 3.
This time, fill in the N column, take note all the important information you have learned after doing all the activities?
L I N K
(List (Inquire (Now we are going to take notes) (What do
everything about what you know
End of Firm-Up
Well done! In spite of the fact that it was intense, you hung on and you’ve finished answering the activities in this
part. Congratulations on your achievement! Keep on moving for more activities that will make you an independent
learner. Enjoy!
DEEPEN
In this part of the module, let’s see if you can apply the knowledge and skills you have gained. Your
understanding of the topics will be tested because you will be doing several activities. I know that you’re ready. You can
start now, but keep in mind the following essential question.
What are the basic principles in implementing a business for the entrepreneur?
Directions: As part of checking how much you’ve learned in this module. In your LAS, complete the following
sentences.
I have learned in this module that…
I conclude that…
*****
Activity 9: In a Nutshell
Directions: Now, it’s high time for you to summarize the concept that you have learned. Based on the activities provided
for you, go back to the questions: What are the basic principles in implementing a business for the entrepreneur?
Write your answer in the fish. Do this in your LAS.
What are the basic principles in implementing a
business for the entrepreneur?
*****
Activity 10: LINK CHART
Directions: After having gone through a series of challenging activities, have you realized something? You can fill in the
last column of the LINK CHART. Write in the K column all the important information that you have learned and acquired
in this module. Do this in your LAS.
L I N K
(List (Inquire about (Now we are (What do you know now?)
everything what you want to going to take
you know) know) notes)
Preparing and Cooking
Seafood Dishes
Directions: Complete the 3-2-1 chart below by answering what is being asked. Do this in your LAS.
3 adjectives that describe your feeling while answering the
activities
2 core values that you’ve applied in this module
1 21st century skill you’ve developed after taking this
module
Transfer
Since everything is clear to you now, let’s see if you can transfer what you have learned in this module
to real life situation. In this learning section, get ready because you’re about to create your own Business Commercial.
Make sure that you will apply what you have learned in this module and in the previous modules to come up with a good
output. Good luck!
Directions: For this activity, you need to stay with your original group and create a commercial video that can attract your
future buyers. Imagine that the ambassador of Asia’s Next Top Model is looking for qualified commercial artists that
promote their designed products. Since the ambassador have already evaluated your business plan and already approved
it, you have now the confidence to participate in the said event.
In order for you to come up with a good output, follow the guidelines/instructions below:
1. Present a 3 to 5 - minutes commercial/advertisement video.
2. You must work as a team (Original groupings). All student-employees can participate in the production of the
video commercial. Leaders must note the contribution of each member for equal distribution of grade. NO
PARTCIPATION; NO GRADE POLICY.
3. The video commercial must promote the product you decided to sell and was stated in your business plan. The
commercial must be original student work.
4. A rubric will be provided to know the evaluation criteria.
5. Pass this output on December 17, 2021. Late output will receive a deduction.
Reference:
Websites:
https://www.youtube.com/watch?v=Xrc-1BbQpwI
https://www.youtube.com/watch?v=TcoYuqPJm9g
Prepared by:
CZARINA CIARA R. ANDRES
LESTER PAUL L. ESQUIVEL
Entrepreneurship 12
Does Not
Not Meets Exceeds Points
Evaluation Item Demonstrated
Meet
Expectations Expectations Earned
Expectations
Content
Elements
Content suitable, appropriate for school project.
0 1-7 8-14 15-20
Product is clearly visible and easy to identify.
Name of company is identifiable.
Copyright laws have been followed and permissions
0 1-7 8-14 15-20
are cited within the video or as part of credits.
Presentation is clear and concise and achieves its
purpose (i.e., public awareness, sell 0 1-7 8-14 15-20
products/services, etc.).
Brand image is supported by the video elements (ex.
0 1-7 8-14 15-20
Logo, colors, slogan, etc).
Proper use of grammar, spelling, and punctuation,
0 1-7 8-14 15-20
etc. is applied.
Presentation
Commercial includes an effective opening, body, and
0 1-7 8-14 15-20
conclusion.
Transitions are effective and appealing. 0 1-7 8-14 15-20
Audio and visual elements are coordinated and
0 1-7 8-14 15-20
complementary.
Audio editing
Good quality 0 1-7 8-14 15-20
Appropriate volume
Proper use of video technology
Video uses multiple camera angles.
0 1-7 8-14 15-20
Video is smooth and steady.
Video is in focus.
Titles and Graphics enhance overall
0 1-7 8-14 15-20
quality/presentation.
Commercial is effective at motivating audience to
0 1-7 8-14 15-20
action.
Total Points
Deductions
Obvious copyright infringement or plagiarism;
example, use of the Nike brand or logo without 0 1-7 8-14 15-20
permission. (2 points for each occurrence).
Deduct two (2) points for commercial less than 3
0 1-7 8-14 15-20
minutes or over 5 minute.
La Salette of Roxas College
6
Vira, Roxas, Isabela
S.Y 2021-2022
EXPLORE
Activity 1: Let’s Go Legal!
1. Department of Trade and Industry
(DTI)______________________________________________________________________________________
_
2. Securities and Exchange Commission
(SEC)______________________________________________________________________________________
3. Bureau of Internal Revenue
(BIR)______________________________________________________________________________________
_
4. Mayor’s Office_____________________________________________________________________________
5. Social Security System (SSS)_________________________________________________________________
6. Philhealth__________________________________________________________________________________
7. Pag-ibig Fund______________________________________________________________________________
Process Questions:
1. As an entrepreneur, is it important to know the services offered by the offices mentioned above?
___________________________________________________________________________________________
___________________________________________________________________________________________
___________________________________________________________________________________________
2. If your answer is YES, in what way do the services offered become important to you?
___________________________________________________________________________________________
___________________________________________________________________________________________
___________________________________________________________________________________________
3. If your answer is NO, what makes their services unnecessary to you?
___________________________________________________________________________________________
___________________________________________________________________________________________
___________________________________________________________________________________________
4. Do you think a business can last without availing the services of the said offices? Why? Or why not?
___________________________________________________________________________________________
___________________________________________________________________________________________
___________________________________________________________________________________________
Business Implementation
FIRM-UP
DEEPEN
_____________________________________________________________________________________________
I want to share my learnings about this module to others because…
_____________________________________________________________________________________________
____________________________________________________________________________________________
____________________________________________________________________________________________
__
I conclude that…
L I N K
(List (Inquire about (Now we are (What do you know now?)
everything what you want to going to take
you know) know) notes)
Prepared by:
CZARINA CIARA R. ANDRES
LESTER PAUL L. ESQUIVEL