Name: Date:

Section: Teacher:

Activity 1. Qualities of Entrepreneurs: A Self-Assessment

Find out if you are the sort of person that could set up and operate a business. Check YES if the
statement applies to you and check NO if it doesn’t.

YES NO
1 I think that a routine pattern of life with regular working hours suits me
best
2 I have always thought and acted by myself

3 Sometimes I think I seem to achieve nothing

4 It is not good to start something unless you are going to finish it

5 I am much happier when I do not have to rely on other people

6 I often feel that I am the victim of events that I cannot control

7 In any bad situation I always get something good from it

8 It is very important to me that people recognize my success

9 I am not too ambitious so that I can avoid being disappointed

10 I am prepared to take risks only after I have thought about all the possible
consequences
11 When I talk to a senior person, I do not usually say what I mean

12 People often tell me that I am good at understanding their point of view

13 The amount of money that I earn is more important than how hard I work
to earn it
14 I usually work later than I plan
 Name: Date:
Section: Teacher:

Activity 2. Identify the entrepreneurs who founded the following companies:

1. _________________________________________________

2. _________________________________________________

3. _________________________________________________

4. _________________________________________________

5. _________________________________________________

6. _________________________________________________

7. _________________________________________________

8. _________________________________________________

9. _________________________________________________

10. _________________________________________________
 Name: Date:
Section: Teacher:

Activity 3. Satisfy the demands of the following. Use the answer sheet provided.

1. Explain the relevance of Entrepreneurship in our country and to an organization.

___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
2. Enumerate and explain the concepts of entrepreneurship.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
3. Briefly discuss the core competencies and factors affecting entrepreneurship.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
4. What are the functions of entrepreneurs?
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
5. Give examples of career opportunities for entrepreneurs.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
6. Differentiate the types of entrepreneurs.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
7. Shed light on 5 myths about entrepreneurship.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
8. Imagine you were hired to teach the subject on entrepreneurship to Senior High School
students. Convince your students of the relevance of the course.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
9. Explain the concept of the core competencies in entrepreneurship.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
10. What are the job and career opportunities for an entrepreneur? Explain each.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
 Name: Date:
Section: Teacher:

Activity 4. Think of a product/service you want to introduce in the market by accomplishing the New
Product/Service template below.

New Product/Service Template

A. What is my product/service?

B. What does my product/service do?

C. How is it different or better than other

products/services?

D. Who will buy the product/service?

E. Why will they buy the product/service?

F. How will the product/service be promoted

and sold/offered?

G. Who are my competitors?

 Name: Date:
Section: Teacher:

Activity 5. Answer the following questions.

1. Explain what a business plan is and its focus.

___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________

2. What are the parts of a business plan? What does it contain?

___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________

3. Distinguish among the types of a business plan.

___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
 Name: Date:
Section: Teacher:

Activity 6. Prepare a SWOT analysis of the product you want to introduce using the format below.

My Proposed Business Competitor A Competitor B

Strengths

Weaknesses

Opportunities

Threats
 Name: Date:
Section: Teacher:

Activity 7. Prepare a cash flow forecast of the product you want to introduce using the template
below

Template for Cash Flow Forecast for _______________

Month J F M A M J J A S O N D Total
Income

Expenses
Cumulative profit/loss
 Name: Date:
Section: Teacher:

Activity 8. As an employee at Professional Business Associates’ Financial Services Department, you

are asked to complete a financial projection for ABC Company. Accomplish this form.

Actual Projected
2023 2024 2025 2026 2027 2028
Income

Sales 550,000
Interest 2,550
Gross Income ?
Cost of Goods Sold 245,300
Expenses
Labor 105,200
Electricity 12,400
Telephone 4,550
Postage 3,800
Insurance 17,900
Advertising 55,200
Office Supplies 18,300
Transportation 37,400
Total Expenses ?
Net Profit (Loss) ?

Here are the assumptions to consider:

Income:
 The company is projecting sales to increase at 12% each year
 Interest Income will remain at P2,550 every year
 Use the sum function to calculate Gross Income for years 2020 through 2025
 Cost of Goods Sold in 2021 will be 55% of Sales.
 Cost of Goods Sold in 2022 through 2025 will be 35% of Sales
Expenses:
 Labor in 2021 will increase 5% from 2020
 Labor will increase 2% per year in years 2022-2025
 Electricity, advertising and transportation will increase 8% per year in years
2021-2025
 Telephone, postage, and office supplies will increase 3% per year in years 2021-
2025
 Insurance will increase 8% per year in years 2021-2025
 Use the sum function to calculate Total Expenses for years 2020 through 2025
 Calculate Net Profit/Loss for years 2020 through 2025 (Gross Income – Cost of
Goods Sold – Total Expenses). Be sure to format any loss to show in parentheses
 Name: Date:
Section: Teacher:

Activity 9. The following financial statement information is from five separate proprietorships.
Compute the missing information using the accounting equation.

Company Company Company Company Company

A B C D E
December 31, 2020
Assets 71,000 33,500 89,000 70,000 ?
Liabilities 37,000 27,500 40,000 35,000 20,000
December 31, 2021
Assets ? 35,000 91,000 66,000 60,000
Liabilities 33,000 28,000 ? 41,000 15,000
During year 2021
Owner investments 7,000 8,000 0 -3,000 5,000
Net income (loss) 20,000 ? (7,000) ? 20,000
Owner withdrawals 13,000 10,500 3,000 2,000 10,000