What I Know

Let us check your prior knowledge about this module’s coverage.

Direction:
True or False. Read each statement below and evaluate whether it is true or false.
Write letter A if the statement is true and B if otherwise.
A 1. Financial independence is to have enough savings and cash on hand to sustain
the kind of life we desire for ourselves and our families.

B 2. Corporate social responsibility that created as an act of protecting the profit of

the company is not a realistic social responsibility and it is not a genuine work
towards doing something good for the world.

A 3. Good marketing strategy applies effectively in achieving this financial freedom.

A 4. Sticking to a budget is the most effective way to make sure that all your bills are
paid and your money will be monitored.

A 5. Negotiating can be helpful in achieving your financial freedom.

A 6. A person should have goals and make these goals specific like at what time of
your life will you want to achieve it.

B 7. It is the accountability of the corporation or businesses to think beyond profit for

the reason that it helps the community where the business is located to create jobs
for the people.

A 8. High interest loans are very toxic in increasing wealth that is why it is essential
that you have to pay the balance each month.

B 9. The principle of diminishing interest will help you build financial achievements.

A 10. It is important to pay attention with your credits because these determine what
interest rate you are offered when you decide for your next loan.
 LESSON: Importance of Establishing
Business beyond Profit

Learning Objectives:

At the end of the week, it is expected that the learners must be able to:

1. Explain the importance of the establishment and maintenance of a

business as a source of job opportunities and financial freedom;

2. Express appreciation of the importance of a business enterprise as a

vehicle for job opportunities and financial freedom; and

3. Create an action plan to assist an existing small business enterprise to

practice ethics and social responsibility

What’s In

How can a business

help create job
opportunities in the
community? What is
financial freedom?
1. How can we generate job opportunities through creating a
business?

2. Why establishing a business can help the community?

It is beneficial to create a company in a community since it allows

people to make a livelihood, and the community currently need
more employment as a result of the epidemic, since most people
have lost their employment

3. Why is it important for business to think beyond profit?

Because it is critical to consider the length of a

company's existence in a certain industry. If our
business does not continue long, we will make a lot
of money.
4. How can a business help you achieve savings?

Because you can better manage or budget the

money you can spend in your business, the
business can help you to save.

5. What are the traits needed by businessmen in order to save more

money?

In terms of money, a financially responsible person will set goals

and make preparations to reach them. They'll also have a clear
understanding of where their money is going and will be able to
keep to their budgets and plans. Another personality attribute that
contributes to financial success is being extremely conscientious.
Create a diagram that shows the benefit of the business in the local
community as a role for creating impact.

Product Increase
community
Diversity
Economic
Health

Diverse SMALL
BUSINE Promote
Product
SS environmental
Localy made
friendliness

Encourage Create
Entrepreneurship local jobs

Discuss the significance of the picture in terms of its contribution to the

community regarding job creation and teaching people to generate more income.
 What’s New

The pandemic that the world is experiencing at the moment has

affected the lives of people all over the world. The economy has been injured
and jobs have been lost. Slowly, the world is trying to recover by transitioning
into what we call the “NEW NORMAL” Countries like the Philippines is trying to
recover by pushing on the continuance of economic activities. Businesses are
allowed to open again adapting new policies. Since a lot of people have lost
their jobs, how can corporations help the government in terms of their
corporate social responsibility in the new normal? How important is job
creation during the implementation of the new normal in business?
 What I have Learned?

1. Why is financial freedom important to businesses and individuals?

2.

Ghyjkjo;o[\

Explain the importance of creating budget as a means of building

financial freedom.

3. How important is establishing goals in pursuing financial

independence?
4. Why do we need to pay periodically our financial obligations?

What I can do?

Prepare an action plan to assist an existing small business enterprise to practice ethics
and social responsibility in their business operation by using the template below:

Name of Business:
Resources
________________________________________________________
Prospect
Action Consideratio or Hazard
Timeline challenge Outcome
Description n estimated Forecast
s
cost

Goal:
My goal is

Plan Statement:
Plan is….
  Only few
 Present
 They  Increas will
the
should be e sales introduce
product to
well-  Month Limited the
a social  5,000
known to ly Brand resourc product
media
social will be es to the
influencer
media site. known social
.
media.

The items
will be Increase
 Entreprene
offered by profit
ur should  Limit the
the owner  New
offer job Yearly  20,000 enterpris
as a More job market
for the es.
business for the
community
opportunit people.
y.

             

             

Make a reflection on the activity above:

Reflection:
Remember these key points:

● Job Creation as Corporate Social Responsibility

● Financial Freedom
● Important points to consider in achieving financial freedom:
o Set Life Goals
o Make a budget
o Create automatic savings
o Start investing now
o Watch your credit
o Negotiate
o Continues education
o Proper maintenance
Self-Check!

Additional Activity

After doing the activities:

I noticed
___________________________________________________jhg

A question I have is
___________________________________________________

I’m not sure

___________________________________________________

I realized
___________________________________________________
 Assessment

Let check how much you learned from this module’s coverage

Direction:
True or False. Read each statement below and evaluate whether it is true or false.
Write letter A if the statement is true and B if otherwise.

A 1. Financial freedom is to have enough savings and cash on hand to sustain the
kind of life we desire for ourselves and our families.

A 2. Corporate social responsibility that created as an act of protecting the profit of the
company is a genuine social responsibility towards doing something good for the world.

A 3. Job creation is the process of creating new jobs, especially to provide work for people
in the community through establishment of enterprise.

A 4. Sticking to a budget is the most effective way to make sure that all your bills are paid
and your money will be monitored.

B 5. Negotiating is not useful in achieving your financial freedom.

A 6. There should be proper maintenance of your assets to maintain the

marketability of these assets.
A. 7. It is the responsibility of the corporation or businesses to think beyond profit for the
reason that it helps the community where the business is located to generate jobs for the
people.

A 8. Always monitor your credit performance because the way you respond to your
creditors will either ruin or elevate further your good name.

A. 9. The principle of compound interest will help you build financial gains.

A. 10.There should be proper maintenance of your assets to sustain the

marketability of these assets