High School Department

Baguio Siloam Christian Academy

# 99A, Tacay Road, Pinsao Proper, Baguio City, 2600
S.Y. 2021-2022

TECHNOLOGY AND LIVELIHOOD EDUCATION

ENTREPRENEURSHIP
(Entrepreneurship, It’s Benefits and Who Is an entrepreneur)
Quarter 1-Module 1 & 2

DATEOF SUBMISSION: __________________________________

LEANER’S NAME: _______________________________________
PREFACE
Welcome to the world of Entrepreneurship!
This Module is an exploratory course which leads you to Entrepreneurship. First quarter
covers 3 common competencies that a Grade 11 & 12 Technology and Livelihood Education
(TLE) student like you ought to possess, namely: 1). Overview of Entrepreneurship; 2).
Recognizing the Potential Market and 3 The Marketing Plan.

 Create an essay regarding the benefits of entrepreneurship

 Identify the levels of entrepreneurial development
 Familiarize the basic words in entrepreneurship

PRE-TEST
Before you start to read the discussions as honest as you could, please answer the pre-
assessment below

Direction: Arrange the scrambled word in order to answer the following statements.

1. ________________________(SHIEENRUEEPPTRN). Process of developing a

business to make profit.
2. ________________________(PREUERTREENN). Person who does entrepreneurship.
3. _________________________(CHRENF). It is the country where the words “entre” and
“prendre” was coined.
4. _________________________(GREAMAN) In this level, entrepreneurs feel the need to
step up and ask some help from the people around them.
5. _________________________(KETMAR) One Pace where entrepreneurship works.

What is Entrepreneurship?

Entrepreneurship is a proactive process of developing a business venture to make a

profit. It involves seeking opportunities for a market, establishing and operating a business out of
the opportunity, and assessing its risks and rewards through close monitoring of the operations.
With this definition, being an entrepreneur may seem difficult, but it can be rewarding if the
enterprise flourishes. Creating a sound business plan, along with efficient and effective operation
of the business, will not only benefit the entrepreneur but also the entire society and the
economy.
An entrepreneur is successful if the business that he or she envisioned has
materialized into a thriving industry with regular customers and financial gain. He or she either
decides to maintain his or her business or expand. This eventually reflects on the society and the
economy as a whole.
 Benefits Of Entrepreneurship

1. Entrepreneurship produces more jobs that equate to an increase in national income.

Millions of unemployed people will have the opportunities to have a decent occupation.
Small businesses produce jobs and create wealth.
2. Entrepreneurship amplifies economic activities of different sectors of society. A
simple eatery in a rural area and a coffee shop in an urban area both ignite economic
activity regardless of their business scale.
3. Products Entrepreneurship introduces new and innovative and services. New
products and services are always available in the market because of the ingenuity of
entrepreneurs to seek opportunities and improve on them.
4. Entrepreneurship improves people s living standards. How can you look good if not
for the services of your nearby salon or barber shop? How can your day be complete without
the food that a nearby eatery cooks? How can you live without the sari-sari store near your
house where you buy your basic needs?
5. Entrepreneurship disperses the economic power and creates equality. It balances the
economy by distributing national income only few monopolies.
6. Entrepreneurship controls the local wealth and balances regional development. It
makes sure local resources are used properly and that every area has an appropriate more
businesses rather than to allocation of resources.
7. Entrepreneurship reduces social conflicts and political unrest. Imagine if there are no
or only few sari-sari or supermarket stores in your area. All of you will then fight for the food
supplies because the store cannot supply all your needs.
8. Entrepreneurship elicits economic independence and capital formation. A country
with more entrepreneurs is highly likely to become financially independent and will less
likely need the help of other countries. This also applies to families, barangays, and cities.
Entrepreneurship creates wealth instead of borrowing wealth.

Who is an entrepreneur?

The word "entrepreneur" has a French origin and was coined from the words 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 rewards. Like other vocations, being an
entrepreneur is also a calling. It is not a career that one can just jump into when he or she decides
so. It entails a holistic business talent to be considered one, ranging from product and marketing
expertise to operations agility, and to financial proficiency.
An entrepreneur will only expect returns once he or she already added or created
value out of an opportunity. An entrepreneur's natural talent is being perceptive for opportunities
in his or her surroundings that normal people don’t give importance to or often neglect. He or she
sees existing problems about a certain product or service as prospects rather than threats.
Leadership is the core of every entrepreneur. He or she is always excited about his or her
business and bravely takes risks. He or she innovates, executes his or her big ideas, and rarely
procrastinates.
The definition of an entrepreneur only provides you with a general description or
shows you what Is expected from an entrepreneur. However, entrepreneurship is composed of
varying degrees or levels of intensity.

5 levels of entrepreneurial development (Action Coach)

1. The self-employed- Self-employed persons are, simply put, not comfortable with the
routines of a desk job. They do not want to conform to a fixed working schedule. They
want to do things in their own way and start to feel agitated when controlled by the
powers-that-be. While they can be self-sufficient, their tendency is to become too reliant
on themselves, which leads to exhaustion. They will eventually realize that a successful
business should work for them, not the other way around. if they realize this, they can
move on to the next level.
2. The manager- In this level, entrepreneurs 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.
However, they may have the tendency to get more people who do not know the exact
needs and requirements to the job, because entrepreneurs think that the battle is in the
scale and not the profitability. As a result, entrepreneurs may get frustrated because the
business does not go as planned, and some potential problems arise from how employees
operate. When they begin to realize this, entrepreneurs will start knowing their employees
better, assessing their strengths and their areas for improvement. They will begin to
create positions that match the requirements of the business and the employee’s expertise.
Entrepreneurs can now move on to the next level.
3. The leader- Entrepreneurs in this level already enjoy seeing their people flourish,
stepping up and producing great results with minimal supervision. Unlike before where
they are in charge of virtually everything, they can now sleep peacefully at night and
have more freedom and time for themselves. They already recognized key leaders in their
organization. In effect, these key leaders also enjoy the entrepreneurs trust and are
satisfied with the outcome of their careers. Entrepreneurs at this stage now focus on the
big picture and strategic direction of their business rather than in generating sales and
operating the business. At this point, entrepreneurs can now move on to the next level.
4. The investor- Investors look for more opportunities for their business to grow. They may
either purchase one or two businesses that can potentially add value to the company, or
sell their established business (as a franchise) to potential entrepreneurs. They will
delegate a suitable manager for such operations and will act as directors. When this
becomes successful, they will now become true entrepreneurs.
5. The true entrepreneur- True entrepreneurs, based on their experience, now aim for
quality and excellence in their work. They have fully learned, and continue to practice, a
four-step process of thinking-starting with idealization, visualization, verbalization, and
 materialization. In idealization, entrepreneurs dream enormously and desire to build an
ideal environment. In visualization, entrepreneurs start to create plans to make the dream
a reality. Verbalization involves sharing their ideas with other people, knowing that their
vision is already occurring. Materialization happens when the vision becomes a reality. In
this stage, true entrepreneurs now have an income that keeps on multiplying even if they
do not put much effort.

I. DIRECTIONS: Identify what is being asked in the sentence. Write your answers on the
space provided. (15pts)

______________________________1. It involves seeking opportunities for a market, establishing

and operating a business out of the opportunity, and assessing its risks and rewards through close
monitoring of the operations.
___________________________2. The business that he or she envisioned has materialized into
a thriving industry with regular customers and financial gain.
___________________________3. This French word means "between,".
___________________________4. The French word “prendre” means___________.
___________________________5. Like other vocations, being an entrepreneur is also
a_______.
___________________________6. It is part of being an entrepreneur which is being perceptive
for opportunities in his or her surroundings that normal people don’t give importance to or often
neglect.
___________________________7. The entrepreneur treats this product or service as prospects
rather than threats.
___________________________8. It is the core of every entrepreneur.
___________________________9. A successful entrepreneur must do this and do not
procrastinate.
___________________________10. In this level of entrepreneurial development entrepreneurs
feel the need to step up and ask some help from the people around them
___________________________11 In this level, persons are simply put not comfortable with
the routines of a desk job.
___________________________12. They will delegate a suitable manager for such operations
and will act as directors in this level.
___________________________13. In this level they have fully learned, and continue to
practice, a four-step process of thinking-starting with idealization, visualization, verbalization,
and materialization.

___________________________14. Entrepreneurship reduces these two aspects

___________________________15.
}
II. Directions: Encircle the words that are related to ENTREPRENEURSHIP. List on the space
below the words you find. You can find 10 words below. (10pts)

E H J H H L F G O D M E N
Z N L M H O P E P E A C E
J B T J H J D J O Y B E T
W U E R E N E W W O R L D
L S K B E T W E E N A L S
E I I N N P M O M E N T O
A N C O T P R E U P W I T
D E D F R O G E B U I S N
E S E T E L M E N P U N T
R S T A Y P U T B E C C T
B E A U T Y I N N N U L L
C R E A T I O N S D I R T
B J I N V E S T O R K G D
I G R I B L D G W E W W W
Z E A L O U P S N E S S Y
J K M A N A G E R R T V K
I N N O V A T I V E L F R
H H F T T Y Z F I N L A N
 Write an essay regarding the benefits of entrepreneurship. Below will be the following criteria.
Write your essay on the space provided below. If the space is not enough you can write it on a 1
whole sheet of paper or on a short bond paper. (15pts)
CONTENT------------------------------- 5pts.
EFFORT----------------------------------5 pts.
SUBMISSION---------------------------5 pts.
15 pts.

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 Batisan. (2016). Entrepreneurship. DIWA LEARNING SYSTEMS INC

Proverbs 9:10
“The fear of the LORD is the beginning of wisdom, and knowledge of the Holy
One is understanding.”