Recognizing possible business opportunities as early as intermediate level.

1. Business Opportunities for
Products and Services
HELE 5

2. What is Product Business?
- Needs more capital to start.
- Offered item for sale.
Examples: sari – sari store, eateries
(carenderia), bakery

3. What is Service Business?
- Easier to start because it does not need much capital
- Provides work performed in an expert manner by an
individual or team for the benefit of its customers
- What is needed are one’s skills, sincerity and willingness
to work
Examples: babysitting, student assistant,
Beauty parlor, shoe/bag repair shop

5. - One’s skills or talent can
help a great deal in
putting up a business

6. - One’s interests can make one
deeply committed and
conscientious in one’s choice of
business. It can lead to success,
satisfaction, and enjoyment in
whatever one plans to do

7. - A good entrepreneur
finds ways and means
to start a business that
can bring in profits

8. - A good entrepreneur
undergoes trainings that
are related to his business.
Attending trainings can
upgrade and strengthen
one’s talents and skills

9. - IT IS EVERY ENTREPRENEUR’S
DESIRE TO HAVE A BUSINESS
THAT WILL PROSPER AND GROW
NOT ONLY FOR HIS OWN
INTEREST BUT ALSO FOR THAT
OF OTHER PEOPLE

10. - In case of service business, make a survey
of the needs of a place. If there are many
working mothers with infants and
preschoolers, you may offer baby sitting
or helper services after school. You may
also offer your service canteen helper or
student assistant

11. - Different kinds of
businesses need different
amounts of attention and
concentration.

12. - The success of a business, like
the handicraft business,
depends so much on the
abundance of the raw materials
in the locality. Lack of raw
materials can impede
production.

13. - The technical knowledge
of the workers and their
availability in the
community and adequate
capital spell success of
the business.

14. - When opening a business, one
should be prepared emotionally
and mentally in meeting the
demands and difficulties.

17. Type of Business Persons who may benefit from the
business
A. Products
Restaurants, eateries
(carenderias)
cafeterias, drive thrus
Students, employees, office workers,
call center agents, drivers
Bakeries
People residing in the community,
students, employees
Native delicacies
People residing in the community,
students, employees, workers,
balikbayans.

18. Native candies
like yema, dried
mango, nuts
People residing in the
community, balikbayans
Bag – making
Balikbayans, students,
office workers
Sari – sari
Store
People residing in the
community, mothers,
cooks.

19. Newsstand
People residing in the
community, employees and
office workers
Balloons
Event/party organizers,
offices, employees and
students
Jewelry
making
Actresses, mothers, office
workers

20. B. Services
Babysitting Working mothers,
infants, preschoolers
Household
help
Working mothers,
employees, students
Dressmaking
, tailoring
Students, employees

21. Beauty parlor/
barber shop
Students, employees
drivers
Laundry shop Families without maids,
students away from their
families
Shoe/bag
repair shop
Students, family members
Nursery
schools
Toddlers, maintenance
personnel

22. Any
Question/s?
Suggestions?
Complains?

23. What is the difference between a product and a
service business?
How can you identify business opportunities?
Why should you learn to identify these
opportunities before starting a business?
What is/are the benefit/s of having a business?
Does business helps our economy? How?
How does one become a successful
businessman/woman?

24. • Any business – minded person is alert in looking for possible
business opportunities in his barangay.
• Successful business is based on one’s interest, availability of
raw materials, adequate skill and knowledgeable work force,
adequate market for both the products produced or service,
time, strength, and emotional stability and knowledge of the
product or service he or she is selling.

26. 1. If you were given a chance to
have/open a product business what
would it be and why?
2. If you were given a chance to have
/open a service business what would it
be and why?