What I Know

Before starting with this module, let us see what you already know about Entrepreneurship. Answer the
questions below.

Instruction: Read the statements carefully then write True if the statement is correct & write False if you
think the answer is not correct.

___ True_____1. Entrepreneur means “to undertake.”

___ True_____2. Entrepreneurship is a process of actions of an entrepreneur who is always in

search of opportunities.

____True_____3. The greatest significance of entrepreneurship is to help identify and develop the
managerial capabilities of entrepreneurs.

____True_____4. Entrepreneurship will lead to the creation of organizations.

___ False_____5. Entrepreneurship can improve the life of the entrepreneur only.
___ False_____6. Coward people will become successful entrepreneur.

____True_____7. An entrepreneur is a “Risk Taker”.

___ False____8. Entrepreneurship is not an economic activity.

____True_____9. Entrepreneurs are innovative.

____True_____10. Profit potential is the compensation of the entrepreneur.

____True_____11. An entrepreneur can become a business consultant.

____True_____12. An entrepreneur can also be a researcher.

____True_____13. An entrepreneur can also become a salesman.

____True_____14. Entrepreneurship graduates can become a business reporter.

____True_____15. The entrepreneur could easily see the results of his efforts.

What’s In

Before we will proceed to our lesson, can you tell me what comes into your mind when you hear the
word Entrepreneur? Write it one fourth sheet of paper and give it to your teacher. (All answers will be
accepted)
What I think about entrepreneur is people who runs businesses, they also take risk from it to gain or lose
profit from it.

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 What’s New

Activity 1 Let Me Know

Give at least five (5) names of entrepreneurs that you know. May it be from your locality or within
Philippines. Identify what are their common traits as entrepreneur. Write it in one half cross wise and
submit it to your teacher.
Mariano Que, Henry Sy, Tony Tan Caktiong, Socorro Ramos and Cresida Tueres.

What is it?

Competencies of Entrepreneurs

1. What characteristics that you can observe or see that is common to them?
- I observed that they are good at handling finances , they are very motivated, creative and
optimistic.

2. Who among the entrepreneurs you mentioned that you admire most and why?
-I was inspired by Mariano Que, due to his dedication to start a small drugstore business, he
became a successful and one of the recognized successful filipino entrepreneur.

3. In your own opinion, what do you need to possess to become a successful entrepreneur?
-To become a successful entrepreneur you must have a positive attitude and always be confident
to yourself, Creativity, relationship to your partners, customers, and businesses is very essential,
also lastly has a good managing skills to do day to day business.

What’s More

Activity 2 Self- Assessment

Direction: Find out if you have the qualities of an entrepreneur. Put a check mark on the box.

Qualities Yes No
Risk Taker ✓
Communicator ✓
Leader ✓
Opportunity Seeker ✓
Proactive ✓
Innovator ✓
Decisive ✓

Generalization

Entrepreneur’s are people who take the risk, they are innovators and contributors to the development of
the Entrepreneurahip.

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 What I Can Do

Activity 3 Interview the Known

Choose three successful entrepreneurs in your community or nearby places and conduct an interview
using the guide questions below. Discuss the result of your interview to your teacher.

1. What motivated you to become an entrepreneur?

-For my family of course, it is my reason why Is still work and still looking forward new
opportunities to get better finances to support my family.

2. What do you think are your characteristics and competencies that made you a successful
entrepreneur?
-With being confident and trust with yourself, by discovering new opportunities and by not being
afraid of risks.

3. What do you think of being employed? Why didn’t you choose that path? Being employed
have a lot of things that restricted to do unlike being an entrepreneur I have my own time and I
can also decide for what is best for my business also being employed will always get the same
amount every month and can hard to find new opportunities because there will be times that
you need more money or you just want to change your lifestyle.

Assessment

Now, that you are finished accomplishing the module, let us check what you have learned. Answer the
questions given below by encircling the letter of the correct answer.

1. The entrepreneurs who create new ideas are called?

a. Innovative b. imitating c. Fabian d. Drone

2. The entrepreneur who lives on the labor of others is called?

a. Drone b. Fabian c. Imitating d. Innovative

3. These are entrepreneurs who are to follow the path shown by innovative entrepreneur.

a. Innovative

b. Imitating

c. Social Entrepreneurs

d. Fabian

4. Which of the following is NOT a function of an entrepreneur?

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 a. Skills management c. Conduct research

b. Risk taking d. Make no changes with his

product

5. Entrepreneur means:

a. Risk taker b. To undertake c. To research d. To improve standard

living

6. It is a personality factor which means “doing things even before being told”

a. Proactive b. perseverance c. persuasion d. initiative

7. It is a personality factor which means convincing customers to buy the product

a. Proactive b. persuasion c. Self-confidence d. risk taker

8. Which of the choices is NOT part of the environmental factors?

a. Political c. climate

b. Weather condition d. family background of the manager

9. All except one does NOT belong to the group?

a. Unfair trade practices c. Political protest

b. Strikes d. Product

10. The entrepreneur who is skeptical about the changes in the company is called?

a. Fabian b. social entrepreneur c. Drone d. imitating

11. Which is NOT a career for an entrepreneur?

a. Business consultant c. Research and Development

b. Sales d. Domestic Helper

12. They are entrepreneurs who drive social innovation and transformation in various fields.

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 a. Drone b. social entrepreneur c. Fabian d. imitating

13. Which of the statements below is true?

a. Entrepreneur has limited career opportunities

b. Entrepreneurs are prone to constant high income

c. Entrepreneurs are contributor to the development of the society

d. Entrepreneurs are the reasons for unemployment problem

14. Which of the statement is NOT true?

a. An entrepreneur will patiently wait for his efforts to bear fruit.

b. The profit of the entrepreneur is immediate.

c. All entrepreneurs are successful

d. Entrepreneurs are researchers

15. Which of the following is NOT true?

a. Entrepreneurship create organizations

b. Improves the life of the entrepreneur alone

c. Entrepreneurs improves the economy

d. None of the choices

Additional Activities

Activity 4 Research Me

Research on the life story of at least three (3) entrepreneurs in your locality; identify how they started
their business. Ask how much their start-up capital.

1. Henry Sy
-Sy came from a low-income family in Jinjang, Xiamen in China. Due to their country’s hardships,
they left it in 1936 and moved to the Philippines, where they started a small convenience store
in Manila. Not long after the relocation, World War II broke and damaged the family’s business.

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 However he did not stop and used his business-minded passion by selling used military combat
boots and other goods to American soldiers.

2. Socorro Ramos
- She opened the Naational Book Store in Escolta with her husband with a capital of P200 to sell
books and schools supplies to students at the age of 19. Japanese was still in control in Manila
around that time that also imposed censorship on books and periodicals. Also from there profit
they also sell items like candies and soaps to earn more.

3. John Gokongwei Jr.

- He was born in China to an heir of one of Cebu’s wealthiest families. However, when his dad
died, everything just went downhill, so he supported his family by selling Cebu items. Then, he
tried trading items by boat and truck until he started importing items from the US. Then,
Gokongwei realized that there were smaller margins in this field, so he borrowed PHP 500,000
from Chinabank to start a corn milling business known today as Universal Corn Products. This
venture was a success, but he did not stop there. He started to add other products such as Blend
45 and then soon renamed his business as Universal Robina Corporation.

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