Entrepreneurship

Quarter 3 – Module 6

What’s More
Activity 2: Where Do I Belong?

Growth Maturity Decline

Sales Introduction
Development

- Milktea - Electric fan

- Solar - Dengue Vaccine
- Washable
- Covid - E-Jeep Panel - Landline
Masks
Vaccine - Simcards Telephone
- Massage
Parlors
- Tuna
Chorizo Time

What I Have Learned

1. What are the primary consideration in choosing a particular

product/service for a market need?
 Primary considerations in choosing a particular product
 Financial benefit to your business
 Relatively low investment requirements
 Positive return on investment
 Fit with present strategy
 Feasible to develop and produce
 Easy to source and procure
 Relatively low risk, and time to see intended results
2. How do you meet the needs of the customers and solve a
specific problem?
 By simply knowing how your products or services can assist customers,
product must address a need or an opportunity, and product must have a real
value that customers can recognize, want and need.

3. How you will know if you are capable to produce the product for
your potential clients?
 By knowing if you have the time, resources and capability to produce your
product, finding out if you can afford the manpower required, finding out if you
have the resources to outsource the product development and knowing if you
can produce a strong demand at a specified period requires with the same
standard.

4. Why do you need to comply government rules and regulations?

 Entrepreneurs need to know what laws and regulations apply to their
particular business. Once engaged in business, they must be constantly
aware of what new or amended laws and regulations apply. Trade
associations provide excellent sources of such information and can suggest
means to comply with laws and regulations. Government has set many
business regulations in place to protect employees' rights, protect the
environment and hold corporations accountable for the amount of power they
have in a very business-driven society. Complying with the requirements of
the National Law and Regulations is important for a number of reasons: To
ensure the safety, health and wellbeing of everyone.

5. What is Unique Selling Proposition?

 Unique Selling Proposition is the one thing that makes that your product
different than any other. It may be that the product has a lower price or more
convenient packaging, or it may taste or smell better or last longer.

6. How do you identify barriers that must be overcome for a

potential new product entry?
 By knowing the competitors offering lower prices due to their cost advantage,
and also patents are barriers where your competitor may hold legal protection
for an integral component of your product and may prevent you from
manufacturing your product.

7. What is SWOT analysis?

 One method people often use to decide which the most suitable business idea
is the SWOT Analysis. It helps you focus on possible problem areas and
potential advantages of each idea.
8. What is Product Life Cycle?
 Product life cycle concept describes a product’s sales, profits, customers,
competitors, and marketing emphasis from its beginning until it is removed
from the market. It is a guide for you to know when would be the right time to
start the development process. It will explain how a planned and phased
development process will help you make the wisest investment and budgeting
decisions.

Activity 4: You Knew It Right!

1. Product Development
2. Idea Generation
3. Idea Screening
4. Concept Testing
5. Business Analysis
6. Introduction
7. Marketing
8. Growth
9. Profit Margin
10. Maturity
11. New Product
What I Can Do
Activity 5: The Winner

Business 1. Cookies 2. Washable Face

Ideas/Business Mask
Proposal
1. Which customer
Need for satisfying your
needs you want your Need for protection and
cravings and can satisfy
product or service to health purposes
your hunger
satisfy?
The pandemic that we
A lot of people get
2. How do you know if are all facing right now.
hungry every minute
there is a need for this We need to prevent the
and they wanted to eat
business in your area? spread of the virus so
food.
we need a protection
3. Who are your
possible customers for Young, old, and adult Young, old, and adult
this particular people people
business?
4. What is the estimated
size in the number of 50 above 50 above
your market
5. Who are your Any shops that sell face
Bakery shops
competitors masks.
6. What is It is not just a simple
They never tasted this
unique/different of face mask instead it
cookie before.
product to others involves many designs.
7. Are you capable of
producing the product Yes Yes
or services?
8. How will you be able
to supply/deliver the Through online, meet-up Through online, meet-up
goods and services to and delivery and delivery
customers?
9. How much capital is
needed to start this 5,000 pesos 5,000 pesos
business?
10. Where will you get
the resources to start Market From shoppee
this business
11. How much capital is 5,000 pesos 5,000 pesos
 needed to start your
business?
12. Does this business
Yes Yes
have potential growth?

#1 Cookies
#2 Washable Face Mask

Based on your analysis above what is the best business idea

you should select?
 The business idea that I select is Cookies

What are the STRENGTHS of your selected business

idea/proposal?
Enumerate at least 3
 Budget- friendly
 Affordable
 Highly efficient, and low-cost manufacturing after all equipment are
bought.
ASSESSMENT
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
6. FALSE
7. TRUE
8. TRUE
9. FALSE
10. TRUE
11. FALSE
12. TRUE
13. TRUE
14. TRUE
15. TRUE
ADDITIONAL ACTIVITIES

COOKIES
The world is facing troubling times since the advent of Covid-19.
Businesses are shutting down, economies are collapsing, and people
are generally overwhelmed with the entire situation. But you should look
at the hidden opportunities that this situation offers you. Covid-19
caused stress, anxiety, and depression to all of us. Cookies are good for
your soul. Since there are left and rights opportunity, many people posts
their products in Facebook and when someone high profiled tasted and
recommended their product, people will also try their product. Selling
cookies online will attract people and will somehow help them relieve
stress after tasting how good these cookies are.