e atied APP 004: Entrepreneurship Module #2 Student Activity Sheet Class number: ‘Schedule: Date: TAS ‘Lesson title: Knowing the Qualliies of an Entrepreneur Materials: Learning Targets: SAS At the end of this module, | should be able to: References: 1. Identify personal characteristics of an entrepreneur; and Characteristics of Successful 2. Describe the different entrepreneurial skills and Its Entrepreneurs by Peter Daisyme importance. (August 24, 2014) hittps:/whattobecome.com/blogient repreneurstatistics A. LESSON PREVIEW/REVIEW Introduction As a review on the first sessions, | would like you to analyze the pictures. Direction: Identify what evolution of entrepreneurs is described in every picture below. B.MAIN LESSON Content and Skill-Building Being an entrepreneur requires specific skills. While some ablities might be naturally present, others can be Jeamed or developed through careful practice. Understanding the qualities needed by entrepreneurs can help you grow to become a better business leader. In this session, we explain some of entrepreneurs’ characteristics and skills you can improve. (Character ics Definitions Self-Motivation ‘You need to be able to push yourself. You aren't answerable to anyone else as an entrepreneur, and that sometimes means that i's hard to get moving without anyone to make you. Risk Tolerance | Understanding calculated risks that are more likely to pay offis an important part of being an entrepreneur. You'll need to be willing to take a few risks to succeed. This document is the property of PHINMA EDUCATIONBs pra coucaron ‘Be willing to change as needed, Stay on top of your industry and be ready to adopt changes in processes and product as they are needed. Passion | Passion i what wil felp you find motivation whan you are discouraged, and & will drive ‘your forward. Passion is fuel for successful entrepreneurship. Management — | Understand how money works so thal you know where you stand, and so that you run Skills and | your business on sound principles. Knowledge Vision “The best entrepreneurs have a vision as to what they want to achieve, how they can accomplish their objectives, and whom they need on their side to reach thelr goals. ‘Their vision acts like @ compass that points them in the direction of opportunities Confidence | They have to be confident both in themselves and in the products or services they sell. | If they believe in themselves, they will have the abilty to stay the course regardless difficulties or discouragement What Are the Most Important Skills Entrepreneurs Need? Networking Time Management Strategic Thinking Efficiency 2 2 Finance Skill-building Activities Let’s practice! After completing each exercise, you may refer to the Key fo Corrections for feedback Try to complete each exercise before looking at the feedback. Exercise 1: How would you relate the skills of an entrepreneur in real life? Try the exercise below and identify what kind of skis of an entrepreneur is described in every situation. Choose you answer on the examples above. 4. Building a consistent personal and business trademark tailored to the right audience. 2. Growing a network facilitates business opportunities, partnership deals, finding subcontractors or future employees. 3. Crisp and concise collaboration is paramount for each and every interaction with clients, partners, peers, clients, prospects. 4. Great entrepreneurs are tasked to discover new problems, reveal potential ‘ATION,PHIINMMA EDUCATION. ‘APP 004: Entrepreneurship eee Module #2 Student Activity Sheet niche opportunities, refactor their original business process, and innovate. 5.Careful priority planning, defining milestones, execution, and iteration are all important. Exercise 2: Recall and name the 5 characteristics of an entrepreneur. Choose one from the characteristics that would ft you personality and explain why. ¢; © . oeene Gulded Questions: 1. Why have you chosen this character? Exercise 3: Reflect on your learning for the day as well as evaluate the session, 4. Give one characteristic of an entrepreneur that you are thinking that you lack. Explain Why. 2. What will you do to overcome it? (Refer to question number 1) 3. What do you think is the kind of business that suits your skills? Why? This document is the property of PHINMA !)| nwa eouemon Module #2 g I Check for Understanding Direction: Write the letter of the correct answer on the space provided. 1. You need to be able to push yourself. ‘A. Confidence B. Flexibility C. Selt-Motivation D. Vision ____2. Always believe in yourself and your product. A. Confidence B. Flexibility C. Set Motivation D. Vision 3. Crisp and concise collaboration is paramount for each interaction with clients, = ‘A. Confidence 'B. Communication C. Networking : D. Sales 4, Growing @ network facilitates business opportunities, partnership deals, finding subcontractors or future employees. . ‘A. Confidence B. Communication _C. Networking __D.Sales 5. Building a consistent personal and business trademark tailored to the right audience, ‘A. Branding B. Curiosity D. Risk Tolerance C. LESSON WRAP-UP ‘Summary / Frequently Asked Questions 1, What percent of entrepreneurs are successful? ‘When it comes to running a business, about 80% make it through their first year. This percentage tends to gradually reduce as the years go by. Only 70% survive their second year, and by the tenth year, only about 30% remain in business. 2. What is the main reason of business failures? {82% of business failures are due to poor cash management. Business failures have become rampant in the world. This is usually due to the poor management of finance. According to popular entrepreneur statistics, about 82% of business fallures are due to poor cash management. 3. 72% of small business owners say that they don't check their mobile device while eating with others. As an entrepreneur, dealing with distraction from work can be a bit difficult. A research project reported that 72% of small business owners don't check their mobile device while eating with others. This approach helps them maintain a healthy work-life balance. Thinking about Learning Congratulations for finishing this module! Shade the number of the module that you finished. Did you have challenges leaming the concepts in this module? If none, which parts of the module helped you leam the concepts? ‘Some question/s | want to ask my teacher about this module is/are: This document is the property ofy APP 004: Entrepreneurship nanan mucanoet Module #1 Student Activity Sheet Class number: ‘Schedule: Date: Lesson tite: Identifying Entrepreneur's Personally Materia: Learning Targets: At the end of this module, | should be able to: : References: 4. Define the different characteristics of personality; and, Entrepreneurship an 2. Identify the different professions that sult every type Introduction By: Donald F. of personalities. Kuratko 2012 Entrepreneurship in the Philippine Setting by: Winifreda 7. Asor, Ph.D. ET AE SES] A. LESSON PREVIEW/REVIEW Introduction ‘As a review on the first sessions, Give 5 examples on each of the following. Ent inal Skills Characteristics of Entrepreneurs 1. 1. 2 2 3. 3 4. 4. 5. 5. B.MAIN LESSON Content and Skill-Building Personality — refers to the pattem of characteristics that distinguishes one person from another. , Itincludes the person's traits, values, motives, genetic blueprints, attitudes, emotional reactivity, abilities, self-image, intelligence, and visible behavior pattems. ~S An interesting study from Holland (quoted in Patton and McMahen, 2006) indicates six types of Personality:# sf $3 yy Ss APP 004: Entropr 4 vf |: Entroprel 1 8 manos eoucATION voaiarisusenst PE Definition Examples ~ ‘This individual prefers activities involving aggressive Chef . behavior and physical exertion requiring skill, Computer Technicians strength, and coordination. figator Investigative This individual prefers to be analytical, curious, Grime investigal methodical, and precise. Detective Artistic This person is expressive, non-conforming, original Songwriter and intros Aret nae Painter Social This person enjoys working with and helping others ‘Social worker and purposefully avoids systematic activities Caregivers involving tools and machinery Teachers Enterprising This person enjoys verbal activities to influence ‘Managers others and to attain power and status Businessmen Conventional This person enjoys the systematic manipulation of ‘Accounting a data, filing of records, or reproducing materials Government Secretary Skill-building Activities Let's practice! After completing each exercise, you may refer to the Key to Corrections for feedback. Try to complete each exercise before looking at the feedback. Exercise 1: How would you relate the personality of an entrepreneur in real life? Try the exercise below and identify what kinds of jobs are suitable in each types of personality of an entrepreneur. See example below for your reference. | Types of Personality Examples Types of Examples Personality I ‘Computer | Realistic Technicians Soci i al Enterprising Investigative Artist Conventional ic14 APP 004: Entrepreneurship: y en Module #1 Student Activity Shost Exercise 2: Reflect on you personality. Read and analyze the questions below. Write your answer on the space provided. 1. Do you have any hobbies? Which of them you are most interested in? 2, What new hobby would you like to take up? Why do you think you would enjoy that hobby? Exercise 3: Reflect on your leaming for the day as well as evaluate the session. Analyze the question below and write your answer in the box provided. 1, Base on you hobbies answered in Activity 4, where do you think you are suited? Becoming an EMPLOYEE or ENTREPRENEUR? Why? 2, How do you fee! about becoming an Entrepreneur at this point? Are you excited? Discouraged? ‘What do you think motivates people to become entrepreneurs?BB prin oUcarion Check for Understanding Directions: Read and analyze every example given below and identify what type of personality Is described. Write your answer on the space provided. 1. They see themselves as energetic, ambitious, and sociable. 2. Sees self as helpful, friendly, and trustworthy. 3. They are precise, scientific, and intellectual. 4. Sees self as expressive, original, and independent. 5. Is good at leading people and selling things or ideas. 6. Sees self as orderty, and good at following a set plan. 7. Generally avoids highly ordered or repetitive activities. ’B. Is good at teaching, counseling, nursing, or giving information. 9. Is good at understanding and solving science and math problems. 10. Values practical things you can see, touch, and use like plants and animals, tools, equipment, or machine. C. LESSON WRAP-UP ‘Summary / Frequently Asked Questions 1. Is college degree is important to an entrepreneurs? Entrepreneurial statics reveal 44% of entrepreneurs have a college degree, Slightly less than half of entrepreneurs had a degree before venturing into running a business of their own, In fact, about 44% of them had gone for a college degree. Many have also gone for a more advanced degree, such as a master's or a doctoratePOHINMA EDUCATION APP 004: Entrepreneurship Module #1 Student Activity Sheet 2, Are most of the self-employed works in their fields before? 26. 19.6% of self-employed professionals work in the construction/trades field, Being an entrepreneur does not necessarily involve a person working In the same business as others. With a huge number of industries out there, you are more likely to find entrepreneurs that specialize in running different business types. The construction/trades field has a large percentage of entrepreneurs running businesses. According to top statistics, 19.6% of self-employed professionals work in the constructionitrades fie 3. 73% of small startups’ owners are men. Male entrepreneurs are known to outnumber female entrepreneurs significantly. There are many facts about this, all of which show men as the leading number. Men account for 73% of small business owners, while women make up 27%, Thinking about Learning Congratulations for finishing this module! Shade the number of the module that you finished. Did you have challenges learming the concepts in this module? If none, which parts of the module helped you leam the concepts? ‘Some question/s | want to ask my teacher about this module is/are: Thi sument is the propert