Prayer in TLE: St. Mary's Academy of Caloocan City Madre Ignacia Ave., Grace Park, Caloocan City

St.
Mary’s Academy of Caloocan City

Madre Ignacia Ave., Grace Park, Caloocan City
Prayer in TLE
We thank you, Lord, for another beautiful day and the

opportunity to attend today's TLE class. We ask for forgiveness
for all we've done wrong and pray that you would use us to do
good. We also want to express our gratitude for all the blessings
we've received. Protect and guide us as we work with
different tools and equipment in our subject and assist us in
developing the skills we need in our everyday lives.
All of this we ask in the name of Jesus Christ, our Lord, and with
Mother Ignacia Del Espiritu Santo, Amen.
Technology and
Livelihood
Education
St. Mary’s Academy of Caloocan City
Checking of
Attendance
Technology and
Livelihood
Education
Entrepreneurship 7
Roles of Government in Entreprenurship
Contibution of Entrepreneurship to the Economy
Technology and
Livelihood
Education
Objectives:
● Determine the role of government in entrepreneurship

● Recognize the contribution of entrepreneurship to the
Philippine economy.
● Value the contribution of entrepreneurship in the growth of
our economy.
● Create an illustration of the product that you want to innovate.
Technology and
Livelihood
Education
Review
Determine the traits of an entrepreneur that are being described.
(Personal Entrepreneurial Skills)
Technology and
Livelihood
Education
Activating Prior
Knowledge
Genyo Game Builder Government initiated programs & Laws
Technology and
Livelihood
Education
Motivation
What are the contribution of Entrepreneurs to the Economy?
(Break out Rooms)
Unlocking of
Terms:
Technology and
Livelihood
Education
Terms:
● MSMEs- Micro Small and Medium Sized Entrepreneur.

● DTI- Department of trade and Industry
● Incentives - a thing that motivates or encourages one to do
something.
Technology and
Livelihood
Education
Roles of
Government in
Entrepreneurship
Technology and
Livelihood
Education
Why is it important that the

government supports
entrepreneurs?
Technology and
Livelihood
01
Government
Programs for
MSMEs in the
Philippines
Technology and
Livelihood
https://www.shopify.com.ph/blog/5-government-programs-for-msmes-in-the-philippines Education
1. Small and Medium Enterprise Roving

Academy
● SMERA is a partnership and mentorship with the DTI.
● Business owners participating in the program get paired
with a counselor and an expert who advise them on
training and business development services they may
need.
● Mentorship
Technology and
Livelihood
Education
2. Pondo sa Pagbabago at Pag-

Asenso (P3)
• P3 provides for this by supporting and encouraging other
sources of loans and capital for entrepreneurs, such as
microfinance institutions (MFIs).
• MSMEs can borrow up to P200,000 at a low interest rate of 2.5
percent a month from the DTI under P3, which allows them to
establish a business. In addition, P3 offers business owners
with additional financial information that they may use to
their own advantage.
Technology and
Livelihood
Education
3. Barangay Micro Business Enterprise

● This law's provision assists microentrepreneurs in the Philippines by
providing incentives to help them manage their small enterprises.
● They are given the following benefits:
○ Exemption from the minimum wage legislation
○ Exemption from income tax
○ Benefits from social security and healthcare
○ Priority access to a unique credit window
○ Training and assistance programs

Technology and
Livelihood
Education
Barangay Micro Business Enterprise
● Your business can qualify as a BMBE if it meets the following criteria:
○ Production, processing, manufacturing, trade, and services, and is

categorized as such.
○ Assets totaling less than P3,000,000 (excluding the value of the land).
○ There is no evidence that you are a properly licensed professional

(regarding the products or services your business provides).
○ It's not a branch or a franchise of a large-scale company.
Technology and
Livelihood
Education
4. KAPATID MENTOR ME
● The KAPATID MENTOR ME initiative of the Department of
Trade and Industry (DTI) supports with this by offering free
education and training to MSMEs, and then connecting
them with larger firms.
● Consists of three main components.
Technology and
Livelihood
Education
12-week program that covers the

following modules:
● Product development
● Operations management
● Accounting
● Taxation
● Finance and obligations
● Contracts
● Marketing
Technology and
Livelihood
Education
Adopt-an-SSF (Shared Service Facility)

program
● Connects these microentrepreneurs to SSFs in their
community, such as equipment, systems, and tools.
This is especially crucial if you don't have the cash
to purchase your own service facilities.
Technology and
Livelihood
Education
Inclusive Business model
● These small enterprises are integrated into the

value chains of larger companies. In general,
this ensures that the MSMEs will have work
and a market for their products or services.
Technology and
Livelihood
Education
5. Go Lokal!
● If you need assistance in this field, the Department

of Trade and Industry (DTI) has a government
initiative called Go Lokal!, which distributes locally
manufactured items to retailers in the Philippines,
such as Ayala Malls and Rustan'S Duty-Free stores.
Technology and
Livelihood
Education
02
Business Laws in
the Philippines
Technology and
Livelihood
Education
Business Laws in the Philippines

● Tax Reform Act of 1997 (Republic Act No. 8424) –which amended the National Internal Revenue Code
(NIRC) is the law that governs the national taxation in the Philippines and gives the Bureau of Internal
Revenue (BIR) the power and duty to assess and collect national internal revenue taxes in the country.
The Tax Code of the Philippines (National Internal Revenue Code of 1997) | Business Tips Philippines
● Labor Code of the Philippines (Presidential Decree No. 442) – is the law that governs employment practices and
labor relations in the Philippines.
● Intellectual Property Code of the Philippines (R.A. 8293) – is the law that governs the registration of patents,
trademarks and copyright, and the enforcement of intellectual property rights in the Philippines.
● Social Security Act of 1997 (R.A. No. 8282) – the law that mandates employers to register their business and
their employees with the Social Security System (SSS).
Technology and
Livelihood
Education

● National Health Insurance Act of 1995 (R.A. No. 7875) – the act that mandates employers to register their
business and their employees with the Philippine Health Insurance Corporation or PhilHealth.
● Home Development Mutual Fund Law of 2009 (R.A. No. 9679) – the act that mandates employers to register
their business and their employees with the Pag-Ibig Fund (HDMF).
● Food and Drug Administration (FDA) Act of 2009 (R.A. No. 9711) – the law that governs the inspection,
registration, licensing and monitoring of establishments and health products.
● Consumer Act of the Philippines (Republic Act No. 7394) – The law that protects the interest of the consumers
in the Philippines, promote their general welfare, and establish standards of conduct for business and industry.
● The Magna Carta for Micro, Small and Medium Enterprises (MSMEs), as amended (RA 9501) – an Act to
promote entrepreneurship in the Philippines by strengthening development and assistance programs to Micro,
Small and Medium Scale Enterprises in the country.
Technology and
Livelihood
Education

● Barangay Micro Business Enterprises (BMBEs) Act of 2002 (R.A. No. 9178) – a law that promotes the
establishment of Barangay Micro Business Enterprises (BMBEs) in the Philippines and provides incentives and
benefits such as income tax exemption and access to financial, infrastructural, marketing, and knowledge
support from the government.
How to Register as a Barangay Micro Business Enterprise (BMBE) in the Philippines | Business Tips Philippines
● Anti-Violence Against Women and Children Act of 2004 (R.A. 9262) – a law that protects women and children
in the workplace.
● The Anti-Red Tape Act of 2007 (RA 9485) – an act enacted to improve efficiency in the delivery of government
services to the public by reducing bureaucratic red tape, preventing graft and corruption in all the offices of the
government.
The Anti-red Tape Law in the Philippines: What You Should Know | Business Tips Philippines
Technology and
Livelihood
Education
Why is it important that the

government supports
entrepreneurs?
Technology and
Livelihood
Education
The function of regulation in fostering

entrepreneurship is important.
Unregulated entrepreneurship may result
in undesirable societal effects such as
unfair business practices, widespread
corruption, and criminal activities.
Technology and
Livelihood
Education
Contribution of
Entrepreneurs to
the Economy
•
Technology and
https://smallbusiness.chron.com/important-small-businesses-local-economies-5251.html
Livelihood
Why do you think

entrepreneurship is vital to
the Philippine economy?
Technology and
Livelihood
Entrepreneurs Spur Economic Growth
● Entrepreneurs' new goods and services can have a cascading

effect, stimulating other firms or sectors that need to support
the new enterprise, therefore promoting economic growth.
Technology and
Livelihood
Education
Create Jobs Locally
● Local employment rates are boosted by small companies

hiring local residents. Workers spend their earnings onother
products and services, which fuels the local economy.
Technology and
Livelihood
Education
Entrepreneurs Add to National Income
● Entrepreneurship is a key factor in creating new wealth for

society.
● Increased employment and higher earnings contribute to better national
income in the form of higher tax revenue and higher government
spending.
Technology and
Livelihood
Education
Entrepreneurs Create Social Change
● Entrepreneurs break away from tradition by delivering new

goods and services, reducing reliance on outdated methods
and technology. A better quality of life, a higher level of
morale, and greater economic independence can be the
outcome of this.
Technology and
Livelihood
Education
Community Development
● Entrepreneurs are known to support the efforts of those who

share their vision. They also invest in community initiatives
and assist local charity financially. In this way, they may
continue to grow and develop beyond their own business
enterprises.
Technology and
Livelihood
Education
PROS CONS
● Entrepreneurs boost economic growth by ● Only a few people have the drive to
introducing innovative technologies, become entrepreneurs.
products, and services.
● In the medium term, entrepreneurial
● Increased competition from entrepreneurs activities may lead to layoffs if existing
challenges existing firms to become more firms close.
competitive.
● High levels of self-employment
● Entrepreneurs provide new job aren't always indicative of
opportunities in the short and long term. entrepreneurial activity.
● Entrepreneurs accelerate structural ● It is impossible for entrepreneurs

change by replacing established, to thrive in an overly regulated
sclerotic firms. market.
Technology and
https://wol.iza.org/articles/entrepreneurs-and-their-impact-on-jobs-and-economic-growth/long Livelihood
Education
Why do you think

entrepreneurship is vital to
the Philippine economy?
Technology and
Livelihood
Education
Businesses are created by entrepreneurs.

Entrepreneurs employ people to work in their
businesses, and they pay them. Entrepreneurs
pay their employees a fair wage. People who
work for the entrepreneur now have money to
spend on purchases and other necessities of
daily life. Taxes are paid by entrepreneurs and
employees of businesses to the government.
Now that the government has tax income, it
may use that money to support projects that
will benefit the people. Materials for building or
technology will be purchased from the
companies who supply them.
Technology and
Livelihood
Education
Summary:
Sentence Completion:
Entrepreneurs are vital to the
growth of our economy because …
Technology and
Livelihood
Education
“Riches gotten quickly will dwindle, but

those who acquire them
gradually become wealthy.”
(Proverbs 13:11)
Technology and
Livelihood
Education
Action:
Genyo LMS Forum:
Which among the contribution of
entrepreneurship in the Philippines you consider
the most significant? Why?
Technology and
Livelihood
Education
Assignment:
Technology and
Livelihood
Education
Direction: Because one of the

contributions of entrepreneurship in
our nation is innovation, consider an
object that you wish to innovate and
produce a drawing of your innovation
to share with the class via Genyo
Forum. Give a brief description of
what you accomplished. Rubrics
Technology and
Livelihood
Education
THANKS!
Do you have any questions?
Technology and
Livelihood

Prayer in TLE: St. Mary's Academy of Caloocan City Madre Ignacia Ave., Grace Park, Caloocan City

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St.

Mary’s Academy of Caloocan City

We thank you, Lord, for another beautiful day and the

● Determine the role of government in entrepreneurship

● MSMEs- Micro Small and Medium Sized Entrepreneur.

Why is it important that the

1. Small and Medium Enterprise Roving

2. Pondo sa Pagbabago at Pag-

3. Barangay Micro Business Enterprise

○ Exemption from the minimum wage legislation

○ Exemption from income tax

○ Benefits from social security and healthcare

○ Priority access to a unique credit window

○ Training and assistance programs

Barangay Micro Business Enterprise

● Your business can qualify as a BMBE if it meets the following criteria:

○ Production, processing, manufacturing, trade, and services, and is

○ There is no evidence that you are a properly licensed professional

○ It's not a branch or a franchise of a large-scale company.

12-week program that covers the

Adopt-an-SSF (Shared Service Facility)

Inclusive Business model

● These small enterprises are integrated into the

● If you need assistance in this field, the Department

Business Laws in the Philippines

Business Laws in the Philippines

Business Laws in the Philippines

Why is it important that the

The function of regulation in fostering

Why do you think

Entrepreneurs Spur Economic Growth

● Entrepreneurs' new goods and services can have a cascading

Create Jobs Locally

● Local employment rates are boosted by small companies

Entrepreneurs Add to National Income

● Entrepreneurship is a key factor in creating new wealth for

Entrepreneurs Create Social Change

● Entrepreneurs break away from tradition by delivering new

● Entrepreneurs are known to support the efforts of those who

● Entrepreneurs accelerate structural ● It is impossible for entrepreneurs

Why do you think

Businesses are created by entrepreneurs.

“Riches gotten quickly will dwindle, but

Direction: Because one of the

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