WRITTEN WORK # 3

NAME: MARC LOUIE SOLOMON GRADELEVEL/STRAND/SECTION: HUMSS I RABBAH

What kind of business do you want? List all of it in a sheet of paper and choose only one. Answer the

questions below: RECORDING STUDIO

a. How do you start your chosen business?

- First, I need an investment to provide for the business. Find a location and buy the things that
the people need in order to have a good experience in the studio.

b. Do you have knowledge and experience?

- Yes, I am in a band myself and I also have a lot of experience on how to properly operate
sound systems.

c. Are you willing to learn and to take a risk?

- Yes, because even though I have experiences, striving to be better is never a bad idea.

I. RESEARCH WORK: Write your answer on a separate sheet of paper and submit it online.

Search the following topics on the internet:

1. 5 Example of Non-Profit Organization

- WATERisLIFE, SafeNight, Human Rights Campaign, Greenpeace and Social Animal Rescue.

2. 5 Example of Organizations or Foundations

- FoundersCard, Young Entrepreneur Council, Vintage, Dynamite Circle and Ashoka.

3. Different Types of Wholesaler

- Manufacturer Wholesales, Retail Wholesales, Pure Wholesales, Agents and Brokers,
Assemblers, Merchant, Wholesalers etc.

II. ESSAY: Respond to the question briefly. Write your answer for two to three sentences and

submit online.

1. What can you say about online selling? Give at least 3 advantages and 3 disadvantages.

Online selling is very popular in this generation. A lot of people surfs in the
internet from time to time. Opening an online store can be sometimes perceived as
easy. But it has its own advantages and disadvantages.
 Advantages of online selling
- Easy access to market - in many ways the access to market for entrepreneurs has
never been easier. Online marketplaces such as eBay and Amazon allow anyone to
set up a simple online shop and sell products within minutes.
- Potential for rapid growth - selling on the internet means traditional constraints to
retail growth - eg finding and paying for larger - are not major factors. With a good
digital marketing strategy and a plan a scale up order fulfilment systems, you can
respond and boost growing sales.
- Customer intelligence - ability to use online marketing tools to target new
customers and website analysis tools to gain insight into your customers' needs. For
advice on improving your customer's on-site experience, read how to measure your
online marketing.

Disadvantages of online selling

- Website costs - planning, designing, creating, hosting, securing and maintaining a
professional e-commerce website isn't cheap, especially if you expect large and
growing sales volumes.
- Security and fraud - the growth of online retail market has attracted the attention of
sophisticated criminal elements. The reputation of your business could be fatally
damaged if you don't invest in the latest security systems to protect your website
and transaction processes.
- Customer trust - it can be difficult to establish a trusted brand name, especially
without a physical business with a track record and face-to-face interaction between
customers and sales staff. You need to consider the costs or setting up a good
customer service system as part of your online offering.

Despite a lot of advantages, many people become successful with online

selling. They maximized the advantages that they had which is an important trait of
being an entrepreneur.

Reflection:
Write your reflection about this module. This reflection is a summary of what you have learned
after studying the lesson. You may start this reflection by using the prompt “I understood or “I
realized.”
- I learned the fundamentals of what a person needs to do and have in order to start
a business. I also realized that there are some key points that you need to study for
you to be able to become a successful entrepreneur.