SHS

ENTREPRENEURSHIP
QUARTER 1 - MODULE 2
Exploring Job Opportunities for
Entrepreneurship as a Career

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Entrepreneurship – SHS
Quarter 1 – Module 2: Exploring Job Opportunities for Entrepreneurship
as a Career

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Every effort has been exerted to locate and seek permission to use these materials
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nor claim ownership over them.

Regional Director: Gilbert T. Sadsad

Assistant Regional Director: Jessie L. Amin

Development Team of the Module

Writers: RAYMUND S. BRIONES, MPA, MBA
Editors: ELENA D. HUBILLA
Reviewers: JOY CABRERA
Illustrator: None
Layout Artist: ELENA D. HUBILLA

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 UNDERSTANDING ENTREPRENEURSHIP

BEGIN!

Senior High School curriculum is designed to help develop critical thinking

among students through identifying community/ society needs and wants.
Entrepreneurship is an essential subject that allows a student to assess the needs and
to offer solutions for the community.
This subject engages the human mind to explore entrepreneurial
opportunities in the communities.

YOUR TARGETS

After completing the module, you will be able to:

1. define entrepreneurial opportunity;

2. identify entrepreneurial opportunities in your respective
specialization; and
3. differentiate the characteristics of successful entrepreneurs.

PUT THIS IN MIND

Hello Learners!
You will encounter unfamiliar words throughout
this module. I want to help you understand
these unfamiliar words. So, I prepared a list of
words and their definitions.

ENTREPRENEURIAL OPPORTUNITY - desirable and timely innovation that creates

value for interested buyers and end-users, distinguishes between opportunities and
ideas.

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 INTERNAL LOCUS OF CONTROL - a feeling that success depends on one’s efforts

EXTERNAL LOCUS CONTROL - reflects an attitude of dependence on luck or fate for

success.

LET’S TRY THIS!

Task 1: Identify the correct/ best answer.

1. What is the highest percentage age group of startups entrepreneurs

according to the research conducted by Paul Reynolds?
a. 15-20
b. 20-30
c. 25-35
d. 30-40

2. It refers to the enjoyment of a satisfying way of life as one of the rewards of

entrepreneurship.
a. Profit
b. Freedom
c. Personal Fulfilment
d. Personal Satisfaction

3. “Entrepreneurs are self-starters and team builders and focus on honesty in their
business relationships.” What desirable and acquirable attitudes and behavior
of an entrepreneur is being described?
a. Leadership
b. Motivation to excel
c. Tolerance of risk
d. Opportunity obsession

4. The following are rewards of entrepreneurship, except:

a. Independence
b. Personal satisfaction
c. Freedom
d. Creativity

5. It reflects an attitude of dependence on luck or fate for success.

a. External locus of control
b. Opportunity Obsession
c. Internal locus of control
d. Motivation

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 DO THIS!

Task 2: Scanning Entrepreneurial Opportunities

Identify the job/entrepreneurial opportunities in your specific field of
specialization.

_____________
_____________
(WRITE YOUR
SPECIALIZATION)

Would you like to become an entrepreneur, to start and operate a small

business of your own? Perhaps you may wonder whether such dream can come true.
The good news is that thousands of individuals start their businesses every year. You
are living in a world of ENTREPRENEURIAL OPPORTUNITIES.

Entrepreneurial opportunities exist for those who can produce products and
services desired by customers. A promising entrepreneurial is more than just an
interesting idea. It involves a product or service that is so attractive to customers that
they are willing to pay their hard-earned money for it. In other words, an entrepreneur
must find ways to create value for customers.

Our working definition of Entrepreneurial Opportunities for this module is, “a

desirable and timely innovation that creates value for interested buyers and end-users,

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distinguishes between opportunities and ideas. It is important to note, however, that
a given opportunity will not be equally attractive to everyone. Because of differences
and perspectives, one person may see an opportunity while others may not. But, in
any case, a true opportunity exists only for the entrepreneur who has the interest,
resources, and capabilities required to succeed.

LETS STUDY THIS!

GETTING STARTED: Age and Entrepreneurial Opportunity

Starting any type of business career is exciting. Launching one’s own business,
however, can be absolutely breathtaking because of the extreme risk and great
potential in such a venture.

One practical question is, “What is the right age to become an entrepreneur?”
As you might guess, there is no simple answer to this question. Most businesses
require some background knowledge.

In addition, most prospective entrepreneurs must first build their financial

resources to make the necessary initial investment. A certain amount of time is usually
required to gain education, experience and financial resources.

The ideal time for entrepreneurship, then, appears to lie somewhere the mid-
20s and the mid-30s, when there is balance between preparatory experiences on one
hand and family obligations on the other hand.

Research conducted by Paul Reynolds shows that the highest percentage of

startups is in 25 to 35 – year age group. Obviously, there are exceptions to this
generation: some teenagers start their own firms, and some 50 to 60 –year-old walk
away from successful careers in big business when they become excited by the
prospects of entrepreneurship.

Let’s move forward!

Knowing that you are living in a world of entrepreneurial opportunities, you
have to understand that succeeding in entrepreneurial venture does have
limits. Here are other things that you need to know about entrepreneurship.

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 REWARDS FOR ENTREPRENEURSHIP

PROFIT
Financial INDEPENDENCE FREEDOM
Gain Power to make Escape from
proportionate own business an
to personal decisions undesirable
achievements situation

PERSONAL PERSONAL
SATISFACTION FULFILMENT
Enjoyment of a Contribution to the
satisfying way of life community

Personal Traits and Characteristics of Entrepreneurs

LET’S TRY THIS!

Entrepreneurial Opportunities are limitless, but it does not mean that an

entrepreneurial venture will always succeed. In the activity below, you will
identify some reasons why entrepreneurial opportunities succeed or fail.

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SUCCESSES FAILURES

ENTREPRENEURIAL OPPORTUNITIES

KEEP THIS IN MIND

Think about this!

“Without an opportunity, there is no entrepreneurship.” It does not matter how
creative, capable and willing an individual is. If there is no possible opportunity
to exploit, then there is no way that entrepreneurship can emerge.

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CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS

What kind of people become successful entrepreneurs? It is not surprising that

no well-defined entrepreneurial profile exists. Individual entrepreneurs differ from each
other. This should give you encouragement if you wish to start your own business; you
do not need to fit some prescribed stereotype.

One of the characteristics is a strong commitment or passion for the business.

It is an attitude that results in tenacity in the face of difficulty and willingness to work
hard. Entrepreneurs do not give up easily. Such individuals are typically confident
of their ability to meet the challenges confronting them. This factor of self-confidence
was described by Psychologist J.B. Rotter as an internal locus of control – a feeling
that success depends on one’s efforts. In contrast, an external locus control reflects
an attitude of dependence on luck or fate for success.

Timmons and Spinelli summarized research on entrepreneurial characteristics.

They grouped what they described as “desirable and acquirable attitudes and
behavior” into the following categories:

COMMITMENT AND DETERMINATION – such entrepreneurs are tenacious,

decisive, and persistent in problem solving.

LEADERSHIP – such entrepreneurs are self-starters and team builders and

focus on honesty in their business relationship.

OPPORTUNITY OBSESSION – such entrepreneurs are aware of market and

customer needs.

TOLERANCE OF RISK, AMBIGUITY AND UNCERTAINTY – such

entrepreneurs are risk-takers, risk-minimizer and uncertainty tolerators.

CREATIVITY, SELF-RELIANCE AND ADAPTABILITY – such entrepreneurs

are open minded, flexible, uncomfortable with status quo and quick learners.

MOTIVATION TO EXCEL – such entrepreneurs are goal oriented and aware

of their weaknesses and strengths

Take note of this!

In starting an entrepreneurial venture, there comes a point to which the
entrepreneur must “take a plunge.” It may be scary because of the risk,
but entrepreneurship is not for the faint of heart. ☺

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 LET’S EXPLORE!

Task 4. Read the story and answer the questions that follow.

LIVING THE DREAM: A Teenage Entrepreneur

Even teenagers can become an entrepreneur! There are no hard-and-fast rules that
forbid teenagers, or even 90 years old, for that matter, from starting businesses of
their own. Anyone can dream the dreams of entrepreneurship at any age!

One California teenager started a business for computer maintenance, upgrades

and internet design.

While most of his 14-yearl-old friends were worrying about the video games and
girls, Jay Betancourt was thinking about his future. Betancourt decided to start a
business that would not only earn him spending money but also help improve his
computer skills. After completing copious amount of paper and paying several
licensing fees required by California state law, he opened Betancourt Industries,
which he ran until his family moved to Bruceville-Eddy, Texas.

By the time he left California, Betancourt has five employees and long list of clients.
In his new Texas location, the 17-year-old quickly relaunched the business and
hired two friends who were in his high school business class. These young
technicians help customers with installation, repair, maintenance, upgrading and
general computer services. Even though they are not old enough to vote, they are
becoming a productive unit in their local business community.
Source: Kendra Willeby, “17-years-old Launches His Own Business,”Waco Tribune-Hearld Neighbot, August 14, 2003, pp.1,9

If you will open the same entrepreneurial venture that of Jay Betancourt, what are the possible
challenges or risks that you might encounter? Cite 4 challenges.

1_______________________________________________________________________________

2_______________________________________________________________________________

3_______________________________________________________________________________

4_______________________________________________________________________________

Based on the selection, “LIVING THE DREAM: A Teenage Entrepreneur”, what are the contributions
of the entrepreneurial venture of Jay Betancourt to their local community? Cite 4 contributions.

1_______________________________________________________________________________

2_______________________________________________________________________________

3_______________________________________________________________________________

4_______________________________________________________________________________
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 Reflect

Task 5: After learning about the characteristics of a successful entrepreneur, assess yourself by
completing the table below.

RESUME
Name Age
Address Gender
CP Number
My Skills
Interests

Strengths
Weaknesses

Based on your personal assessment, do you have the

characteristics of an Entrepreneur? Why?

You made it!

You just succeeded in learning that an entrepreneurial opportunity has no
limit. What you need to do is to acquire the necessary traits to be a
successful entrepreneur.

ASSESS WHAT YOU HAVE LEARNED

Task 6: Answer the following questions. Write only the letter corresponding to your answers on
your notebook.
Part A.
1. A feeling that success depends on one’s efforts.
a. External locus of control c. Opportunity Obsession
b. Internal locus of control d. Motivation

2. The following are necessary to become a successful entrepreneur except

a. Education, c. Experience
b. Financial resources d. all of the above

3. Entrepreneurs must be aware of market and customer needs. What desirable

and acquirable attitudes and behaviour are being described by the statement?

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 a. Commitment and determination c. Motivation to excel
b. Opportunity Obsession d. Leadership

4. This refers to the power to make own business decisions

a. Freedom c. Personal Satisfaction
b. Independence d. Personal Fulfilment

5. The following are desirable and acquirable attitudes and behavior except:
a. Commitment c. Adaptability
b. Self-reliance d. Profit-oriented

Part B. Essay

1. The period between mid-20s to mid-30s is the best time to become an

entrepreneur, why or why not?
______________________________________________________________
______________________________________________________________
______________________________________________________________

2. What are the values that can be developed when you enter an entrepreneurial
opportunity?
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________

CONGRATULATIONS! You completed module 2.

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Answer Key

Task 1: Multiple Choice

1. c
2. b
3. a
4. d
5. a

Task 2: Scanning Entrepreneurial Opportunities

Question 5 points 4 points 3 points 2 Points

1 Cited 5 Cited 4 Cited 3 Cited 1-2
entrepreneurial entrepreneurial entrepreneurial entrepreneurial
opportunities opportunities opportunities opportunities

Task 3: Identifying reasons why entrepreneurial opportunities succeed or fail.

Question 8 points 6 points 4 points 2 Points

Successes Cited 7-8 Cited 5-6 Cited 3-4 Cited 1-2
reasons reasons reasons reasons
Failures Cited 7-8 Cited 5-6 Cited 3-4 Cited 1-2
reasons reasons reasons reasons

Task 4: LIVING THE DREAM: A Teenage Entrepreneur

Question 8 points 6 points 4 points 2 Points

Challenges Cited 4 Cited 3 Cited 2 Cited 1
challenges challenges challenges challenge
Contributions Cited 4 Cited 3 Cited 2 Cited 1
contributions contributions contributions contribution

Task 5: Reflection

Task 6: Multiple Choice

1. b 2. c 3. b 4. c 5. a

References
Entrepreneurship in Philippine Setting – Nick L. Aduana

Small Business Management (An Entrepreneurial Emphasis) – Longenecker, Moore, Petty

and Palich

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