MODULE 1 - INTRODUCTION TO ENTREPRENEURSHIP

1. •PRAYER
•ATTENDANCE
•GROUPINGS

2. ENTREPRENEURSHIP
SECOND SEMESTER

3. PRE-TEST:
•Before starting with this lesson, let us see what you
already know about Entrepreneurship.
•Instruction: Read the statements carefully then write
True if the statement is correct & write False if you
think the answer is not correct.

4. ____________1. Entrepreneur means “to undertake.”
____________2. Entrepreneurship is a process of actions of an
entrepreneur who is always in search of opportunities.
____________3. The greatest significance of entrepreneurship is to
help
identify and develop the managerial capabilities of entrepreneurs.
____________4. Entrepreneurship will lead to the creation of
organizations.
____________5. Entrepreneurship can improve the life of the
entrepreneur only.

5. ____________6. Coward people will become successful
entrepreneur.
____________7. An entrepreneur is a “Risk Taker”.
____________8. Entrepreneurship is not an economic
activity.
____________9. Entrepreneurs are innovative.
____________10. Profit potential is the compensation of
the entrepreneur.

6. ____________11. An entrepreneur can become a business
consultant.
____________12. An entrepreneur can also be a researcher.
____________13. An entrepreneur can also become a
salesman.
____________14. Entrepreneurship graduates can become
a business reporter.
____________15. The entrepreneur could easily see the
results of his efforts.

7. ____________1. Entrepreneur means “to undertake.”
____________2. Entrepreneurship is a process of actions of an
entrepreneur who is always in search of opportunities.
____________3. The greatest significance of entrepreneurship is to
help
identify and develop the managerial capabilities of entrepreneurs.
____________4. Entrepreneurship will lead to the creation of
organizations.
____________5. Entrepreneurship can improve the life of the
entrepreneur only.
TRUE
TRUE
TRUE
TRUE
FALSE

8. ____________6. Coward people will become successful
entrepreneur.
____________7. An entrepreneur is a “Risk Taker”.
____________8. Entrepreneurship is not an economic
activity.
____________9. Entrepreneurs are innovative.
____________10. Profit potential is the compensation of
the entrepreneur.
FALSE
TRUE
FALSE
TRUE
TRUE

9. ____________11. An entrepreneur can become a business
consultant.
____________12. An entrepreneur can also be a researcher.
____________13. An entrepreneur can also become a
salesman.
____________14. Entrepreneurship graduates can become
a business reporter.
____________15. The entrepreneur could easily see the
results of his efforts.
TRUE
TRUE
TRUE
TRUE
FALSE

11. INSTRUCTION: ANALYZE THE
INFOGRAPHIC AND ANSWER THE
QUESTIONS BELOW.
Questions:
1. Based on the graphic visual
representation, what is your idea about
entrepreneurship?
2. How is the infographic helpful to you?

12. CONCEPT OF ENTREPRENEURSHIP
• The word “entrepreneur” was derived from the French verb
enterprendre, which means “ to undertake”. This is
pinpointing to those who ”undertake” the risk of enterprise.
• The enterprise is created by an entrepreneur and the process is
called “Entrepreneurship”.
• Entrepreneurs are innovators, willing to take risks and generate new
ideas to make it unique and profitable solutions to the present-day
problems.

13. ENTREPRENEURSHIP
•is the process of establishing a new
business in a creative manner along with
the ability to take risk, to make a profit,
and absorb the “entrepreneurial spirit.”

14. ENTREPRENEUR
•a person who creates the
business and aggregates the
resources efficiently and
effectively to manage the
business well.

15. ENTREPRENEURSHIP PLAYS AN IMPORTANT
ROLE IN THE DEVELOPMENT OF OUR
ECONOMY
•to boost national income and tax
revenue
•bring new products and concepts to
the marketplace

16. BENEFITS OF
ENTREPRENEURSHIP
Activity:
SALES TALK

17. BENEFITS OF
ENTREPRENEURSHIP
1. Entrepreneurship produces more jobs that equate to an
increase in national income. Millions of unemployed people will
have opportunities to have a decent occupation. Small
businesses produce jobs and create wealth.
2. Entrepreneurship increases economic activities of different
sectors of society. A simple eatery in a rural area and a coffee
shop in an urban area both ignite economic activity regardless of
their business scale.

18. BENEFITS OF
ENTREPRENEURSHIP
3. Entrepreneurship introduces new and innovative products and
services. New products and services are always available in the market
because of the ingenuity(creativity) of entrepreneurs to seek
opportunities and improve on them.
4. Entrepreneurship improves people’s living standards. How can you
look good if not for the services of your nearby salon or barber shop?
How can you live without the sari-sari store near your house were you
buy basic needs?

19. BENEFITS OF
ENTREPRENEURSHIP
5. Entrepreneurship disperses the economic power and
creates equality. It balances the economy by distributing
national income to more business rather than to only few
monopolies.
6. Entrepreneurship controls the local wealth and balances
regional development. It makes sure local resources are used
properly and that every area has an appropriate allocation of
resources.

20. BENEFITS OF
ENTREPRENEURSHIP
7. Entrepreneurship reduces social conflicts and political unrest. Imagine
if there are no or only few sari-sari store or supermarket stores in your
area. All of you will then fight for the food supplies because the store
cannot supply all your needs.
8. Entrepreneurship produces economic independence and capital
formation. A country with more entrepreneurs is highly likely to become
financially independent and will less likely need to help of other
countries. This also applies to families, Barangays, and cities.
Entrepreneurship creates wealth instead of borrowing wealth.

21. INSTRUCTION: IN THE QUOTATIONS OF THE FAMOUS
ENTREPRENEURS LIE THE CLUES OF THE BUSINESSES THEY
STARTED. CHOOSE THE ANSWER FROM THE BOX BELOW.
____________ 1. “I started with shoes,
and hard work and discipline, the
business prospered. “– Henry Sy, Sr.
Clues: shoe business and malls
Fortune Tobacco Corporation Bench National Bookstore
Shoemart Jollibee

22. INSTRUCTION: IN THE QUOTATIONS OF THE FAMOUS
ENTREPRENEURS LIE THE CLUES OF THE BUSINESSES THEY
STARTED. CHOOSE THE ANSWER FROM THE BOX BELOW.
____________ 2. “If you dream big and put your
dreams into action you will indefinitely make
mistake. But don’t be scared to make mistakes.
Just be quick to recognize them and learn from
them as fast as you can.” – Tony Tan Caktiong
Clues: ice cream and fast food
Fortune Tobacco Corporation Bench National Bookstore
Shoemart Jollibee

23. INSTRUCTION: IN THE QUOTATIONS OF THE FAMOUS
ENTREPRENEURS LIE THE CLUES OF THE BUSINESSES THEY
STARTED. CHOOSE THE ANSWER FROM THE BOX BELOW.
•___________ 3. “Whenever I want
something I really work hard to get it.
There’s no such thing as swerte.” –
Socorro Ramos
•Clues: office supplies and bookstore
Fortune Tobacco Corporation Bench National Bookstore
Shoemart Jollibee

24. INSTRUCTION: IN THE QUOTATIONS OF THE FAMOUS
ENTREPRENEURS LIE THE CLUES OF THE BUSINESSES THEY
STARTED. CHOOSE THE ANSWER FROM THE BOX BELOW.
• ____________ 4. “The real test of an
entrepreneur is how far he can go when
the tides of business turn for the worse. It
is in times like these when he should be
unafraid. Be aggressive. Know your
market’s needs and serve them.” –Ben
Chan
• Clues: clothing and store
Fortune Tobacco Corporation Bench National Bookstore
Shoemart Jollibee

25. INSTRUCTION: IN THE QUOTATIONS OF THE FAMOUS
ENTREPRENEURS LIE THE CLUES OF THE BUSINESSES THEY
STARTED. CHOOSE THE ANSWER FROM THE BOX BELOW.
• ____________ 5. “Entrepreneurs should
never give up due to failure. Not just
entrepreneurs, but people of whatever
profession – all of us- should learn from
our setbacks. We should never surrender
to despair.” – Lucio Tan
• Clues: cigarette and manufacturing
Fortune Tobacco Corporation Bench National Bookstore
Shoemart Jollibee

26. INSTRUCTION: ANSWER THE
QUESTIONS.
1. Give five reasons that drive
Filipinos to choose entrepreneurship?
2. What are the entrepreneurial
trends you have noticed in your
locality? Why do you think that
entrepreneurs venture on this?

27. ASSIGNMENT (PT1 – INTERVIEW)
Choose TWO successful entrepreneurs in your community or nearby places and
conduct an interview using the guide questions below.
1. What motivated you to become an entrepreneur?
2. What do you think are your characteristics and competencies that made you a
successful entrepreneur
3. What do you think of being employed? Why didn’t you choose that path?
DEADLINE: NEXT WEEK
PRINTED OR HAND WRITTEN. ATTACH DOCUMENTATION OF THE INTERVIEW

28. DAY 2

29. WHAT IS COMPETENCY?
•A competency is the mixture of
knowledge, skills, and attitude required
to perform the entrepreneurial
functions to attain the organizational
success.

30. Knowledge can be gained through ______________
attending quality trainings.
Skills can be developed by _____________
executing it from the facts you have learned in the
Attitude is the powerful weapon ____________________
to perform all the activities to meet the institution’s goal.

31. CORE competencies vs
Common Competencies

32. •Common competency is the one that describes
the KAS (knowledge, skills, and attitude) present
in all entrepreneur.
•Core competency is the ability for you to be
competitive in the entrepreneurial world.

33. •Common Competencies are the skills and
knowledge needed by all people working in a
particular industry.
•Core Competencies are the specific skills and
knowledge needed in a particular area of work –
industry sector/occupation/job role.

34. HERE ARE THE COMMON TRAITS
THAT THE ENTREPRENEURS MUST
HAVE.
1. Opportunity seeking.
2. Persistence.
3. Commitment to work
contact.
4. Demand efficiency and
quality.
5. Risk taking.
6. Goal setting.
7. Information seeking.
8. Systematic Planning
and monitoring.
9. Persuasion and
Networking.
10.Self-confidence
HERE ARE THE CORE TRAITS THAT
THE ENTREPRENEURS MUST HAVE.
1. Leaders.
2. Communicators.
3. Specialists.
4. Problem solvers

35. ACTIVITY:

36. ANSWER: PERSUASION AND NETWORKING
•Entrepreneur must know
when and whom they
should pursue potential
loyal clients. They build
better relationship and
synergize ideas and
existing resources.
1

37. ANSWER: . COMMITMENT TO WORK CONTACT
•. Whatever they promised to
their clients, entrepreneurs
must be committed to do it –
on or before the given
deadline regardless of the
road they are taking of.
2

38. ANSWER: GOAL SETTING.
Successful entrepreneurs
set and achieve goals
accordingly and stretch
their selves to the widest
possibility they can be.
3

39. ANSWER: SELF-CONFIDENCE
is a key part for the success
of a business. It is about
having trust in what you
know and your abilities to
handle unexpected events
that life puts in your path.
4

40. ANSWER: LEADER
•Successful entrepreneurs
always have the heart of a
____. They must be a source
of inspiration for their
employees.
5

41. ANSWER: INFORMATION SEEKING.
An entrepreneur never
stopped seeking valuable
information that
contributes to its success
and further innovations
6

42. ANSWER: DEMAND EFFICIENCY AND QUALITY
It is in their blood to
give the BEST and
achieve
EXCELLENCE.
7

43. ANSWER: SYSTEMATIC PLANNING AND
MONITORING
Every entrepreneur knows it
very well. Without definite
plan, goals can be
confusing. Without regular
monitoring of plans,
outcome of goals can be
less quality.
8

44. ANSWER: COMMUNICATORS
•Entrepreneurs know how to
use all forms of
communication to
effectively share ideas and
address certain concerns
with their customers or
employees.
9

45. ANSWER: RISK TAKING
•know when to take the
opportunity and
calculate the risk to
avoid possibility of killing
ventures because of too
much risk taking.
10

46. ANSWER: PROBLEM SOLVERS
•Entrepreneurs look at
problems as challenges.
They know how to handle
issues in any area of the
business, be it finance,
operations, or marketing.
11

47. ANSWER: OPPORTUNITY SEEKER
•They look at every
situation as an
opportunity and how to
transform it into
something that is
relevance to the world.
12

48. ANSWER: PERSISTENCE
•describes as the ability to
push and push toward
the finish line, even if the
finish line seems
comically out of reach
13

49. ANSWER: SPECIALISTS
•Entrepreneurs are
experts in their chose
business. They are
tactical and are very
keen with details
14

50. QUIZ:

51. 1. WHICH IS NOT THE BASIC
BENEFITS OF ENTEPRENEURSHIP?
A. It increases social conflicts and political unrest.
B. It controls the local wealth and balances regional
development.
C. It produces more jobs that equate to an increase
in national income.

52. 2. WHAT CHARACTERISTIC BEST
DESCRIBES ENTREPRENEURSHIP?
A. A person involving in entrepreneurial activity
B. The ability to operate a business
C. The ability and willingness to take a risk to
develop a business

53. 3. WHICH ONE IS NOT A DISADVANTAGE
OF ENTREPRENEURSHIP?
A. Risky
B. Uncertain Income
C. You are the boss

54. 4. WHICH ONE IS NOT AN ADVANTAGE
OF ENTREPRENEURSHIP?
A. Can choose a business of interest
B. You can be creative
C. You will make decisions alone

55. 5. AN ENTREPRENEUR IS SOMEONE WHO
ASSUMES THE MAJOR RISKS OF A NEW
BUSINESS BY COMMITTING WHICH OF
THE FOLLOWING:
A. Career
B. Time
C. Both a and b

56. 6. ENTREPRENEURS WORK UNTIL A JOB IS
DONE. THEY ARE DETERMINED TO
OVERCOME PROBLEMS.
A. Persistent
B. Responsible
C. Creative

57. 7. ENTREPRENEURS ARE CONSTANTLY
LOOKING FOR NEW WAYS TO SOLVE
PROBLEMS.
A. Creative
B. Responsible
C. Goal Oriented

58. 8. AN ENTREPRENEUR IS ACCOUNTABLE
FOR HIS/HER ACTIONS AND DOES WHAT
IS REQUIRED.
A. Responsible
B. Goal Oriented
C. Independent

59. INSTRUCTION: WRITE T IF THE STATEMENT IS TRUE AND
F IF THE STATEMENT IS FALSE.
___9. A competency is the mixture of knowledge, skills,
and attitude required to perform the entrepreneurial
functions to attain the organizational success. Skills be
gained through attending quality trainings.
____10. Entrepreneur is a person who creates the
business in a creative manner.

60. INSTRUCTION: WRITE T IF THE STATEMENT IS TRUE AND
F IF THE STATEMENT IS FALSE.
____11. Entrepreneurships produces more
jobs to augment the earnings of the
country.
____12. An entrepreneur never stopped
seeking valuable information that

61. KSA OF COMPETENCY
•13. K-
•12. S-
•13. A-

62. 16-17. 2 TYPES OF COMPETENCY
18. OWNER OF FORTUNE
TOBACCO AND PHIL. AIRLINES
19. OWNER OF SM
20. OWNER OF BENCH