ENTREPRENEURSHIP

Module 6: Quarter 1-
Week 6

REPORTERS:
Libando, Shela Mae
Lincuna, Crissal Mae
Macahibag, Donna Mee
 1.
What are your primary
consideration for choosing a particular product?

• Make a list of your selection

criteria, and what you think are
important to you in identifying
what business to engaged it.
These factors include:

• a. financial gain to your company,

• b. low capital requirements,
• c. favorable return rate,
• d. adaptable successful strategy,
• e. ready for manufacturing and
innovation,
• f. easy to reach sources or suppliers,
• g. relatively low risk and realistic time
frame.
 2. Can you meet the needs
of the customer and solve a specific
problem?
• Your product must be an answer to a
need or an opportunity. You need to
know how your products or services
can assist customers.
 3. How capable are you
in producing your own product?
• Many entrepreneurs make the mistake of
going forward with a business idea only to
find that they cannot afford the manpower
required, or do not have the resources to
outsource the product development. You
must also evaluate at the onset how you
can scale up the production if there is a
strong demand for the product.
 4.
What is the size of your
potential reachable market?
• You need to at least get an idea of
the size of your market. Know
who are likely to use or benefit
from your products.