Entrepreneurship

Santiago Integrated National High School

PRAYER
ATTENDANC
E
ACTIVITY 1
REBUS PUZZLE
The learner needs to interpret the parts of the
puzzle and assemble a complete word, or phrase.
The need to remove the given letter or letters from
the picture clue spelling is indicated with the minus
sign (-), the need to add some letters is indicated
with the plus sign (+).
EXAMPLE

PLANT
EXAMPLE

BROWN
EXAMPLE

TURKEY
ARE YOU
READY?
 forecast age

forecasting the
 tie buying

the business
 revenge ox

revenues of
 the
revenues
of the business
Forecasting
 WEATHER BUSINESS
FORECASTING FORECASTING
Forecasting is a decision-making tool
used by many businesses to help in
budgeting, planning, and estimating
future growth. In the simplest terms,
forecasting is the attempt to predict
future outcomes based on past events
and management insight.
 Revenue is a result when sales exceed the cost to
produce goods or render the services.

WHAT IS Revenue is the total amount of income generated by

the sale of goods and services related to the primary
REVENUE? operations of the business.

Sales is used especially when the nature of business is

merchandising or retail, while Service Income is used
to record revenues earned by rendering services.
What do you The economic condition of the country
think are the
factors to
consider in The competing businesses or competitors
forecasting
revenues in a
business? Changes happening in the community

The internal aspect of the business

The economic condition of the
country

When the economy grows, its

growth is experienced by the
consumers. Consumers are more
likely to buy products and services
The competing businesses or
competitors
Observe how your competitors are
doing business. Since you share the
same market with them, information
about the number of products sold
daily or the number of items they are
carrying will give you idea as to how
much your competitors are selling.
Changes happening in the
community
Changes’ happening in the
environment such as
customer demographic, lifestyle and
buying behaviour gives the
entrepreneur a better
perspective about the market.
The internal aspect of the
business
The number of products
manufactured and made depends on the
capacity of the plant, availability of raw
materials and labour and also the number
of salespersons determines the amount of
revenues earned by an entrepreneur.
Example:
Ms. Fashion Nista recently opened her dream
business and named Fit Mo’to Ready to Wear
Online Selling Business, an online selling
business which specializes in ready to wear
clothes for teens and young adults.
Example:
Based on her initial interview among several
online selling businesses, the average number
of t-shirts sold every day is 10 and the
average pair of fashion jeans sold every day is
6.
Example:
From the information gathered, Ms. Nista
projected the revenue of her it Fit Mo’to Ready
to Wear Online Selling Business. She gets her
supplies at a local RTW dealer in the city. The
cost per piece of t-shirt is 90 pesos, while a pair
of fashion jeans costs 230 pesos per piece. She
then adds a 50 percent mark up to every piece
of RTW sold.
Mark up refers to the amount added to the cost to
come up with the selling price. The formula for
getting the mark up price is as follows:
Mark Up Price = ( Cost x desired mark up
percentage)
Mark Up for T-shirt = ( 90.00 x .50)
Mark Up for T-shirt = 45.00
In calculating for the selling price, the formula is
as follows:
Selling Price = Cost + Mark Up
Selling Price = 90.00 + 45.00
Selling Price for T-shirt = 135.00
Computation for assumed increase of revenue on specific
months is as follows:
Projected Monthly Revenue (Increase) = Revenue (January)
x 5 % increase
Projected Monthly Revenue (Increase) = 102,600.00 x .05
Projected Monthly
Revenue (Increase) = 5,130.00

Projected Revenue for February = Revenue (January) +

Amount of increase
Projected Revenue for February = 102,600.00 + 5,130.00

Projected Revenue for February = 107,730.00

• On the other hand, decrease in revenue is
computed as follows:
• Projected Monthly Revenue (Decrease) =
Revenue (August) x 5 % increase
• Projected Monthly Revenue (Increase) =
144,041.14 x .05 Projected Monthly
• Revenue (Increase) = 7,202.06

• Projected Revenue for September = Revenue

(August) - Amount of decrease
• Projected Revenue for September = 144,041.14 –
7,202.06 Projected Revenue for
• September = 136,839.08
 TASK 1
Aling Minda is operating a buy and sell business, she
sells broomsticks (walis tingting) in her stall at a local
market. She gets her broomsticks from a local supplier
for 25 pesos each. She then adds 50 percent mark-up
on each broomstick. Every day, aling Minda can sell
30 broomsticks a day.
TASK 1
 Group Activity
Direction: The class will be divided into 4 groups. Each group will
compute the projected daily, and monthly, revenue of their chosen
business. The scenario description should include information about
the industry, market conditions, target customers, product/service
offerings, pricing strategy, marketing efforts, and any other relevant
factors. After a designated time (8-10 minutes), each group should
present their revenue forecast to the class. They should explain their
assumptions, and the reason behind their predictions.
Criteria (Excellent)
4 3
Analysis of Key Thoroughly identifies and
Revenue Drivers analyzes all relevant revenue
drivers, demonstrating a deep
understanding of their impact on
revenue generation.
Justification of Provides clear and logical
Assumptions reasoning behind each
assumption, including data-driven
evidence or industry insights to
support predictions
Accuracy of Forecasts revenue with a high
Forecasting degree of accuracy, closely
aligning with actual results and
demonstrating a strong grasp of
forecasting techniques
Presentation and Delivers a clear, organized, and
Communication engaging presentation of revenue
forecasts, effectively conveying
key insights and findings to the
audience.
(Good)
Identifies and analyzes most
relevant revenue drivers,
showing a solid understanding
of their significance.
Offers reasonable
justifications for most
assumptions, although some
may lack depth or specificity.
Forecasts revenue fairly
accurately, with minor
deviations from actual results
that can be attributed to
reasonable uncertainties or
variations.
Presents revenue forecasts in a
coherent and understandable
manner, with minor issues in
clarity or organization.
(Fair)
2 1
Identifies and analyzes some
relevant revenue drivers but
overlooks others, indicating a
partial understanding of their
importance.
Provides limited or vague
justifications for assumptions,
relying more on speculation
than evidence.
Forecasts revenue with some
accuracy but significant
deviations from actual results,
indicating room for
improvement in forecasting
methods.
Presents revenue forecasts with
some difficulty, lacking clarity
or coherence in communication
and organization.
(Poor)
Identifies and analyzes few or
incorrect revenue drivers, suggesting
a lack of understanding of their
relevance.
Fails to provide adequate justification
for assumptions, leaving predictions
unsupported or unsubstantiated.
Forecasts revenue with low accuracy,
showing substantial discrepancies
from actual results and suggesting
fundamental flaws in forecasting
approach.
Presents revenue forecasts poorly,
with significant issues in clarity,
organization, or engagement, making
it difficult for the audience to
understand or follow the presentation.
QUIZ