GEN 009: Entrepreneurial Mind

Module #4 Student Activity Sheet

Name: ____________________________________ Section: ___________________ Date: ___________________

Lesson Title: The Roles of the Entrepreneur Material: SAS

Learning Target: Reference:

At the end of the module, students will be able to: Go, Josiah (2018) Entrepreneurship: Starting
1. Identify the roles of an entrepreneur in nation-building an Enterprise. Having an Innovation Mindset.

Productivity Tip: Knowing and believing in your own potential can be part of your journey to being successful.
According to John Maxwell: “Successful and unsuccessful people do not vary greatly in their abilities. They vary in their
desires to reach their potential.”

A. LESSON PREVIEW/REVIEW:

Welcome to GEN 009 Entrepreneurial Mind’s Module #4. Please read the learning target before you proceed to the
succeeding sections of the module. The learning target is your goal. Remember, you need to achieve the learning target
at the end of the lesson.

Can you name one of the important roles of the entrepreneur in making the country grow and prosper?
_______________________________________ Yes, there are six important roles. Today, we are going to focus on the
first three roles. Let us start!

Pretest (5 minutes)
Write A if the statement is correct and B if it is wrong.

______1. Low profits prompt the entrepreneur to investigate whether he is producing the right products for the right
people at the right time and right place.

______2. High profits give a sign to an entrepreneur that he is moving in the right direction.

______3. Profits are not the so called financial rewards for entrepreneurs.

______4. Planning means forecasting or trying to predict events.

______5. Business enterprise is made up of Money (Capital), Men (workers, managers, supervisors), Machines (tools and
equipment), Materials (raw materials, supplies, parts, ingredients), Methods (way of doing or manufacturing the
products), and Markets (customers and buyers).

This document is the property of PHINMA EDUCATION

 GEN 009: Entrepreneurial Mind
Module #4 Student Activity Sheet

Name: ____________________________________ Section: ___________________ Date: ___________________

B. MAIN LESSON
Content and Skill-Building
Read and understand the information presented.

Topic # 1 Roles of the Entrepreneur in Nation-Building

1. Entrepreneurs provide goods
and services.
2. Entrepreneurs earn profit which
makes the economy grow.
3. Entrepreneurs provide
employment and livelihood for
people in the society.
They provide food on our tables, clothes on our bodies, utensils
for our kitchen, supplies for our offices, fuels for our cars and
machines, medicines for the sick etc. It is the entrepreneur that
makes these goods not only available but conveniently available.
They are not only providing useful goods but valuable services
too like when your refrigerator breaks down etc.
Most people need or demand goods and services—these are the
consumers or the general public. Other people supply these
goods and services—these are of course, the entrepreneurs.
Together, they make up what is known as the economy.
Demand and Supply are the forces that make the economy
work. When there is a demand for goods and someone supplies
it, money changes hands and profits are made. The more goods
are demanded and supplied, the bigger the profits, and the
more the money that goes around the economy. This is how the
economy prospers and grows. The main person who makes
these activities happen is the entrepreneur.
That is why entrepreneurs were called the backbone of the
economy.
In the process of producing goods and services, entrepreneurs’
employs people. Of course, when he employs workers, he pays
them income or salaries. This income gives workers purchasing
or buying power and enables them to become more active
participants in the economy. The more the entrepreneurs profit,
the more they are able to hire people and to pay them well. And
so, the benefits go around and around in a circle.

Now, let us proceed to the activities that will strengthen your knowledge of the topic.

Check for Understanding

As always, finish the exercise before going to the Answer Key at the last page. This will help in checking if you have
understood the lessons in this module before going to the next module.

Exercise 1: Read each sentence carefully and identify what role of an entrepreneur is being described.

__________1. The Bellevue Resort in Bohol employs almost one hundred employees. These employees are locals from
different barrios of Bohol. They do not need to go to Manila to look for jobs.

This document is the property of PHINMA EDUCATION

 GEN 009: Entrepreneurial Mind
Module #4 Student Activity Sheet

Name: ____________________________________ Section: ___________________ Date: ___________________

__________2. Costales Farm in Laguna produces Kale, Lettuce, and other vegetables that we usually import from other
neighboring countries.

__________3. Aling Lydia buys a dozen small-sized pigs every week. She will then roast the pigs and sell them as “lechon
de leche.”

__________4. A start up pizza business uses a hand-woven pizza “tampipi” from a livelihood project in Mahayhay,
Laguna.

__________5. With the rise of food delivery services, more people are now establishing home-based food delivery
services.

__________6. If there are appliances that need to be fixed, the whole neighborhood will surely go to “Leave It, I will Fix
It”. A business that repairs appliances.

Exercise 2: Read each statement carefully. Write “True” if you think the statement is correct and “False” if you think it is
incorrect.
________________________________________ 1. Entrepreneurs are the backbone of the economy.
________________________________________ 2. Entrepreneurs provide goods and services for the society.
________________________________________ 3. Entrepreneurs provide employment and livelihood for people
in the society.
________________________________________ 4. Entrepreneurs earn profit which makes the economy grow.
________________________________________ 5. Entrepreneurs help other entrepreneurs grow too, by helping
them produce products through raw materials.
________________________________________ 6. Entrepreneurs depend on other entrepreneurs for their raw
materials, parts and supplies.
________________________________________ 7. Entrepreneurs who set up businesses in small towns and
cities help develop these areas and thus allow rural people from leaving their homes to migrate to big cities.

C. LESSON WRAP-UP

Frequently Asked Question

Q: How long does it take a new business to establish a good public image?
A: A good public image takes a long time to establish (and only minutes to lose). There is no set formula, but a good
image depends on:
The service, products, and customer treatment you provide
✔ The market you are in
✔ How you stack up against your competitors
✔ The quality of your public relations and advertising programs
✔ If you are new in the market - and if you do what you say - you may establish an excellent reputation in
18 to 24 months.

This document is the property of PHINMA EDUCATION

 GEN 009: Entrepreneurial Mind
Module #4 Student Activity Sheet

Name: ____________________________________ Section: ___________________ Date: ___________________

Thinking about Learning

Congratulations for finishing this module! Let’s reflect on your learning.

Summarize your learning in three sentences:

_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________

Answer Key
Pre test: A A B A A

Exercise 1:
1. Entrepreneurs who set up business in small town and cities help develop these areas which prevents rural people
from leaving their homes to look for jobs in big cities.
2. Entrepreneurs provide goods so that country will not rely on imported goods.
3. Entrepreneurs help other entrepreneurs grow too.
4. Entrepreneurs provide employment and livelihood for people.
5. Entrepreneurs earn profit which makes the economy grow.
6. Entrepreneurs provide goods and services.

Exercise 2:
1. True
2. True
3. True
4. True
5. True
6. True
7 False - Entrepreneurs who set up business in small town and cities help develop these areas which prevents rural
people from leaving their homes to look for jobs in big cities.

This document is the property of PHINMA EDUCATION