Republic of the Philippines

Province of Leyte
Municipality of Abuyog

ABUYOG COMMUNITY COLLEGE

Second Semester, A.Y. 2021-2022

WORKSHEET IN ENTREPRENEURIAL MIND SETTING

Name: Joylyn Jane M. Garas Course Year and Section: BEED2-A

Instructor: __Mr. Neil D. Arce____________________ Date: May 13, 2022
Worksheet No. 1

Learning Target: Define the word “INNOVATION”.

Cite advantages and disadvantages of entrepreneurship.
Explain the importance of entrepreneurship on various fields.

Directions: Define the word INNOVATION and explain its importance towards entrepreneurship.

INNOVATION ENTREPRENEURSHIP

It can be referred to something new, such Innovation has been carrying a big
as an invention, or the practice of importance to entrepreneurship
developing and introducing new things. It is because as the times passed by
likely a new product or can be a new way of entrepreneurs discovered new
doing something or a new way of thinking. products, strategies, and ideas
about business. That helps them
make the business successful.

Directions: Cite at least 5 advantages and disadvantages of entrepreneurship based from your own idea.

Advantages Disadvantages
Entrepreneurship can create new ideas about There’s a big possibility that the business would be
business. bankrupt.

It can give job opportunities to the people who are Business ideas, products, or strategies could not be
unemployed. work out.

It helps the economy. You will be experiencing stressful situations about

the business.
It gives opportunities to people to create a You need to think an effective and efficient ideas
business. to fascinate a customer or client.

It can help people’s to be successful in life. There are days that no income.
Based from the cited disadvantages, select at least one and how will you use that as a tool in achieving your
entrepreneurial goal?

 From the cited disadvantages, I select the “there’s a big possibility that the business would be bankrupt.” I will
use this tool in achieving my entrepreneurial goal through educating myself in the entrepreneurship world, I will
find ways, ideas, strategies, or methods for my entrepreneurial goal to be successful.

Directions: Explain the importance of ENTREPRENEURSHIP in the following field below.

a.) Economy
 The importance of entrepreneurship to the economy is that it helps with the economic growth.
Through creating a new business, entrepreneurs also give new job opportunities which can lead
with the acceleration of economic development or growth.

b.) Education Sector

 The importance of entrepreneurship to education sector is that it educates and empower the
peoples or students to take risk in the business world, this encourages them to think creatively,
teaches them to seek solution with the problems and to accept failure as a part of development of
the business that may lead to work hard and to shine with their success.

c.) Personal Growth

 Entrepreneurship can help improve the interpersonal and social skills which can help them to be
successful with their business. It can to interact with other people in building a business
relationship with others.

d.) Family
 The importance of entrepreneurship to family is that it can give financial freedom or can help the
family to provide with the everyday needs, just like foods and other essential things in the house.
Entrepreneurship creates employment opportunities for others especially who have family to feed.

Criteria:

Content 3points
Relevance 2 points

Prepared by:

NEIL D. ARCE
Instructor