Republic of the Philippines

Department of Education
REGION VI – WESTERN VISAYAS
SCHOOLS DIVISION OF ILOILO CITY

Technology and Livelihood Education (TLE)

Special Program in Technical-Vocational Education
Entrepreneurship 9

Name of Learner: ________________________Grade Level & Section:_____________

Date:_________________________________ Score: __________________________

LEARNING ACTIVITY SHEET 1

Spotting and Identifying Business Opportunities

Background Information:
Spotting business opportunities is one of the most essential aspects of entrepreneurship. An
entrepreneur must have a keen eye for identifying opportunities that can potentially turn into a good
product or business venture. At the same time, an entrepreneur should also know which opportunities to
drop and which one to develop.
The first step in identifying a good business opportunity is called idea generation phase
(SERDEF, 2007) through different sources or means. Most importantly, idea generation is attained
through the process of environmental scanning in which the entrepreneur makes careful observations to
identify the problems and needs that currently exist as well as the changes in the environment that lead to
new problems and new needs.

Directions:
Provide answers or information about the given sources of business opportunities that
you could consider in business planning:
I. Environmental scanning
a. From what you have observed in your own community, list down five (5)
existing businesses that you consider efficient, smart and profitable. Focus on
the types of businesses that are most interesting or appealing to you.
Example: Drug Store
________________________________ _______________________________
________________________________ _______________________________
_______________________________
________________________________

b. Why do you think knowing or identifying these businesses in your community is

important to a learner like you?

c. Describe the following situations in your community:

1. Peace and order

2. Local government support

3. Transportation facilities
 d. Why are these factors or situations in the community being considered in
choosing a business opportunity?

II. Influence from a Family Business

a. Does any of your family members or close relatives own a business?

Yes No

If yes, what is this business about? Please describe briefly.

b. (If you answered yes) How does this family business influence your interest in
business?

III. Personal Experience

a. Even as a young learner, what business experience(s) do you have?

b. In what way had such experiences influenced your interest in business?

IV. Check your other possible sources of business ideas or opportunities:

1. Personal hobbies and interest

2. Everyday experiences, travel and adventures
3. Suggestions from family members and friends
` 4. Problems that need solutions
5. Books, magazines, news
6. Observing, listening from others
7. Internet browsing

V. My Proposed Business
a. Having done screening of your many business ideas, list down three non-existing
businesses in your community which you think should be prioritized for your
business planning.

1. __________________________
2. __________________________
3. __________________________
 b. Which among these three businesses would be your final choice? Why?

Milk Tea
__________________________________________________
c. What could be your business name for such choice? Visit this link in choosing
your business name: https://fortune.com/2011/12/15/10-rules-for-picking-a-company-name/

______________VILLAR Quaran-tea ____________________________________

(please start with a simple business)
VI. What is the business about? Describe the nature of the business.

Application:
Go to your Business Plan Template and use the gathered information through this activity to fill
up the following:
 Business Name:
 Location: Place where the business will be put up
 Background Information. Prepare at least two paragraphs using the information (or part of it)
from this activity on how you conceived or came up with the business idea.
 Nature of the Business: Is it about production or manufacturing of_____? or
Is it about providing services in_____________?
Use your answer in Part VI of this activity to come up
with at least two paragraphs.

Scoring/Rating:
The teacher will rate the learner’s answer based on
Content 50 %
Relevance 30 %
Organization of Ideas 20 %
100 %

References
Department of Education, Culture & Sports, Business Technology; Business
Management I (Bureau of Secondary Education: Instructional Materials Co.)
Manila, Philippines, 1993

Manu, George, et. al. (2008) Know About Business (KAB) Modules. Turin, Italy:
International Training Center of International Labor Office

Link:
https://fortune.com/2011/12/15/10-rules-for-picking-a-company-name/
What to do in Sheet 1.B
Go to Sheet 1.B and fill up or accomplish the following:
 Business Name: (business name in Part V-c)
 Location: (Place where u plan to put up the business)
 Background Information. (Summarize in at least two
paragraphs the information you gathered in Part I to IV (or part
of it) of Activity Sheet 1 on the factors that had led you to come
up with the business idea that you choose.
 Nature of the Business: (Copy your paragraph in Part VI)

I.SUMMARY OF THE PROJECT

A. Business Name:

1.B

B. Location:

C. Overview
1. Background Information.

2. Nature of the Business: