ST.

ROSE OF LIMA SCHOOL

GREENSVILLE II, CAPITOL HEIGHTS,
BRGY. VILLAMONTE, BACOLOD CITY
12
TEL NO. 434 5885
S.Y. 2020-2021

ENTREPRENEURSHIP
QUARTER 1-MODULE 1
Overview of Entrepreneurship

Self-Learning Module
___________________________
Learner’s Name

Prepared By: Gerjane May R. Lachica, LPT.

 Entrepreneurship 12 Module 1 Week 1-2

Part of the Self-Learning Module

Below are descriptions showing the flow of this Module. The following parts will
help you gain knowledge and comply your tasks. Kindly read it, for you to fully
understand the whole content of your module.

This section will give you the coverage of your lesson

objective and competency you need to reach all
throughout the lesson.
I need to know

Preliminary test is given on this section for you to

activate you prior knowledge on the given topic.
Minimum of 5 and maximum of 10 questions are
I Will Check on This provided.

This part will present and give you the overall

discussion and full content of the lesson for you to
acquire and learn. Sets of activities are also given for
Lesson Overview lessons to ponder.

On this content, activities are given that you may apply

in different context and connect on real life situation.

I Will Do This

This will give you 10-15 item questions to be

answered. Your answers will determine and assess you
if you attained the given lesson and competency.
I Test Myself

This is a list of all sources used in developing this

module.

References & Related

Resources

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 Entrepreneurship 12 Module 1 Week 1-2

I Need to Know
Before you prepare a business plan, you need to understand first the macro view of
entrepreneurship. This module will teach you the basics of entrepreneurship beginning with what
role it plays in society and the economy. You will also know key concepts of common and core
competencies which are required skills to become a successful entrepreneur. You will be able to
understand the pros and cons of being an entrepreneur as compared to being an employee. A total
persona of an entrepreneur will be inculcated to you, including the characteristics, behaviors,
activities, values, and mindset. Last, you will be exposed to the various exciting career opportunities
in line with being an entrepreneur.
This module covers the Week 1 of First Quarter which is aligned to the competencies define what
is entrepreneurship and who is an entrepreneur, discuss the relevance of the course, and explore
job opportunities for entrepreneurship as a career.

On this lesson you must able to learn and do the following:

1. Discuss the relevance of the course
2. Explain the key concepts of common competencies
3. Explain the core competencies in Entrepreneurship
4. Explore job opportunities for Entrepreneurship as a career

I Check on This
Direction: Read each sentence carefully. Select the letter of the best answer. Write your answer on
the blank provided.
____ 1. A proactive process of developing a business venture to make a profit.
a. Business b. Entrepreneurship c. Finance d. Marketing
____ 2. Stated below are the societal and economic benefits of entrepreneurship, except:
I. Entrepreneurship increases social conflicts and political unrest.
II. Entrepreneurship introduces new and innovative products and services.
III. Entrepreneurship amplifies economic activities of different sectors of society.
IV. Entrepreneurship produces more jobs that equate to an increase in national income
a. I and II b. III c. IV d. None of the above
____ 3. Which statement is true?
a. Entrepreneurship improves people’s living standards.
b. Entrepreneurship holds the economic power and creates inequality.
c. Entrepreneurship suppress economic independence and capital formation.
d. Entrepreneurship controls all the wealth and do not balance regional development.
____ 4. This person doesn’t want to conform to a fixed working schedule.
a. The investor b. The leader c. The manager d. The self-employed
____ 5. What core trait should not develop by entrepreneurs in managing and running the business?
a. Communicators b. Leaders c. Troubleshooter d. Specialists
____ 6. This person looks for more opportunities for his business to grow. He may either purchase
one or two businesses that can potentially add value to the company.
a. The investor c. The self-employed
b. The manager d. The true entrepreneur
____ 7. A unique individual who has the innate ability and extraordinary dedication to establish and
manage a business, acknowledging all the risks and reaping its rewards.
a. Accountant b. Businessman c. Entrepreneur d. Manager

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 Entrepreneurship 12 Module 1 Week 1-2

____ 8. What are the common traits that entrepreneurs should always have?
a. Agents of change, Balance, Indecisive c. Networkers, Passive, Sociable
b. Innovative, Balanced, Risk takers d. Passive, Risk takers, Sociable
____ 9. This business deals with adding the Internet as a marketing and transaction channel for
selling.
a. Printing business c. Video and photography business
b. Online selling business d. Web site development and design/blogging
____ 10. Below are some of the startup businesses which a potential entrepreneur can pursue after
college or after finishing K to 12 program, except:
I. Bakeries, bakeshops, and bread products
II. Gas stations/ petroleum products
III. Schools
IV. Direct selling
a. I and II b. II and IV c. III d. None of the above

Lesson 1 Overview of Entrepreneurship

Activity 1. Picture Analysis
Direction: Study the pictures below, and answer the process questions that follow.

Based on the pictures, what is entrepreneurship?

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Who is an entrepreneur?
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How can entrepreneurship benefit the economic and societal growth of the country?
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 Entrepreneurship 12 Module 1 Week 1-2

Lesson Overview
Entrepreneurship is a proactive process of developing a business venture to make a profit. It
involves seeking opportunities for a market, establishing and operating a business out of the
opportunity, and assessing its risks and rewards through close monitoring of the operations.

Societal and Economic Benefits of Entrepreneurship

1. Entrepreneurship produces more jobs that equate to an increase in national income.
2. Entrepreneurship amplifies economic activities of different sectors of society.
3. Entrepreneurship introduces new and innovative products and services.
4. Entrepreneurship improves people’s living standards.
5. Entrepreneurship disperses the economic power and creates equality.
6. Entrepreneurship controls the local wealth and balances regional development.
7. Entrepreneurship reduces social conflicts and political unrest.
8. Entrepreneurship elicits economic independence and capital formation.
Who is an ENTREPRENEUR?
An entrepreneur is a unique individual who has the innate ability and extraordinary dedication to
establish and manage a business, acknowledging all the risks and reaping its rewards.

Five Levels of Entrepreneurial Development (Action Coach)

1. The self-employed - simply not comfortable with the routines of a desk job and like to do
things on in their own way.
2. The manager – entrepreneurs in this level feel the need to step up and ask some help from
the people around them. They delegate and hire potential employees to do the work.
3. The leader – they already enjoy seeing their people flourish, stepping up and producing great
results with minimal supervision. At this stage, they now focus on the big picture and
strategic direction of their business rather than in generating sales and operating the business.
4. The investor – they look for more opportunities for their business to grow.
5. The true entrepreneur – they now aim for quality and excellence in their work. They have
fully learned, and continue to practice, a four-step process of thinking:
a. Idealization – dream enormously and desire to build an ideal environment create plans to
make the dream a reality.
b. Visualization – start to create plans to make the dream a reality.
c. Verbalization – involves sharing their ideas with other people, knowing that their vision
is already occurring.
d. Materialization – happens when the vision becomes a reality.
Some coined new terms for Entrepreneur’s field or expertise:
1. Technopreneur – puts technology at the core of his or her business model.
2. Social Entrepreneur – takes advantage of the country’s social problems and turn them to
profitable institutions with the intention of helping the disadvantaged community rather than
making a profit.
3. Intrapreneur – an entrepreneur in a large company or corporation who is tasked to think,
establish, and run a new big idea or project. They are usually the product managers or the
business development managers of a company.
4. Extrapreneur – hops from one company to another to act as the innovation champion,
providing creative and efficient solutions.
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 Entrepreneurship 12 Module 1 Week 1-2

Common and Core Competencies in Entrepreneurship

*Address issues, problems, and challenges before they come rather
than when they already happened.
1. Proactive
*Ensure that proper research is done, the risk factors are assessed,
and plans are executed on a timely and most efficient way.
*See opportunities in hopeless and complex situations
2. Agents of Change *Always enthused to improve and develop new products and
services and introduce them to the market.
*Do not just grab opportunities left and right, they have to take into
consideration potential various threats they may encounter.
3. Risk Takers *Calculate risks, if they think that there is a big chance of
succeeding, they push through with the venture and don’t let the
opportunity pass.
*Have a talent for recognizing an opportunity even by using the
4. Have a sharp eye for macrolevel data only.
opportunities *Know how to assess the net cause and effect of an opportunity and
decide intelligently if a venture should be considered or not.
*Soft skills which establish relationship with its people and its
5. Sociable
customers.
*Know the key people to connect with.
6. Networkers *Gain trust of their valuable network and maintain a long-lasting
relationship with them.
*Always have a decision about their business
*Do not leave an issue unsolved without a disposition
*Make sure that all aspects of their business have clear objectives
7. Decisive
and strategies
*Base their decisions on scientific calculations backed up by their
experience and technical knowledge.
*Have a balance between the analytical and the creative side
8. Balanced *Their brains are always playing with “unique ideas” that no one has
ever thought of yet.
*Rich with big ideas that can add value to their existing business
9. Innovative *Do not stop improving and thinking of new and worthwhile ideas
for their business.

Core Traits
1. Leaders
2. Communicators
3. Specialists
4. Problem Solvers
Careers in Entrepreneurship
List of the most common small businesses in the Philippines:
1. Sari-sari store 11. Hair styling and makeup business
2. Rice retailing 12. Spa, gym, and nail care business
3. Food cart business 13. Video and photography business
4. Printing business 14. Tutorial business
5. Buy and sell business 15. Baking business
6. Street food business 16. Web site development and design/blogging

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 Entrepreneurship 12 Module 1 Week 1-2

7. Flea market business or tiangge 17. Direct selling business

8. Online selling business 18. Car wash and car care business
9. Cellphone loading business 19. Bar, café, and restaurant
10. Laundry and dry-cleaning business 20. Water station and LPG
(liquified petroleum gas) station

Once the business is established, the business owner, the entrepreneur, can explore:
 Franchising – a business arrangement wherein the franchisor, who is the owner of the
business, acquires distributions centers through the franchisees or the affiliated dealers.
 Intrapreneurship – managing a startup business in an established business
 Acquisition – buying another similar business or a new business.
List of Entrepreneur Philippines’ franchise options which a potential entrepreneur can pursue
after college or even after finishing the K to 12 Program

Franchise or Startup Businesses:

Bakeries, bakeshops, and bread products Food and snacks carts
Bars, cafes, and coffee shops Gas stations/ petroleum products
Beverage and confectionary General merchandise and retail
Car care Health and Wellness
Clothing and accessories Schools
Convenience stores Services (personal and business)
Drug stores and pharmacies Water stations
Fast food establishments and restaurants

Other Additional Business Opportunities

Dealerships
Direct selling
Distributorship

The student in the Technical-Vocational tracks can opt to be in any of the following:
 Cook/chef
 Automotive Mechanic
 Electrician
 Technical Support Specialist
 Toolkeeper and Technician
 Data Analyst
 Surveyor
 Network Support Associate
 Mechanical Technologist

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 Entrepreneurship 12 Module 1 Week 1-2

Activity 2: Reflect Upon

Direction: Express your personal thoughts about the lesson by answering the following questions.
Criteria: content - 3 points organization of ideas – 2 points
1. What do you think are the factors that drive Filipinos to become entrepreneurial?
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2. Among the common and core competencies of successful entrepreneurs that were mentioned,
choose three common and two core competencies that you think you have. Rank them and
explain why.
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3. What are the three businesses that you think you will be most successful at? Why do you say
so?
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I Will Do This
Activity 3: Go Online
Go to https://testyourself.psychtests.com/testid/2291 and take the Entrepreneurship Aptitude Test. In
this test, you will be able to determine if you have the potential to become an entrepreneur.
Composed of 131 questions and will take you about 25 minutes to finish, this test will also produce
a snapshot report and a personalized interpretation of your results. (Take a screenshot and send it on
messenger on or before August 20, 2021)

Activity 4: Aha! Now I know!

Direction: Surf the internet. Research on your favourite country, other than the Philippines, to know
how entrepreneurship has contributed to the growth of that nation. Write what you have discovered
below.
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 Entrepreneurship 12 Module 1 Week 1-2

Activity 5: Symbolize It
Direction: Using one whole sheet of art paper, make an ORIGAMI of any object that will symbolize
the “entrepreneurial mindset.” Staple it at the last page of your answer sheet. Write below your brief
explanation of it.

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Score Description
10 Used own idea and imagination, took time and worked hard on the craft, and showed
points relevance.
7 points Used own idea and worked hard on the craft and mostly showed relevance.
5 points Used some imagination, put a small effort on the craft, and almost showed relevance.
Did not use own idea or imagination, rushed through and did not work hard, and the
3 points
craft made has no relevance to the topic.

I Test Myself
I. Direction: Answer the following questions:
Criteria: content - 3 points organization of ideas – 2 points
1. Describe the career opportunities for students in the technical-vocational track.
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2. Discuss the relevance of entrepreneurship in the community and society.
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 Entrepreneurship 12 Module 1 Week 1-2

II. Direction: Write TRUE if the statement is correct and change the underlined word if otherwise.
_________________ 1. Visualization happens when the vision becomes a reality.
_________________ 2. Leaders act on their responsibilities that were given to them.
_________________ 3. Flea market business deals with adding the Internet as a marketing and
transaction channel for selling.
_________________ 4. Acquisition is buying another similar business or a new business.
_________________ 5. To be decisive is not to settle for gray areas or unclear solutions.

Performance Task:

Direction: Do it on a short-sized bond paper and staple it here.

Supreme Student Government Officers in your school are planning to organize a job fair for Senior
High School learners. As the researcher and infographic editor, you are tasked to search the internet
for other career opportunities in Accountancy, Business, and Technical-Vocational track, applying
the entrepreneurial common and core competencies. The data collected will be presented through a
tarpaulin layout and will be graded based on the visual clarity and appeal, graphics used, and
mechanics.

Outstanding Satisfactory Developing Beginning

Criteria Rating
(4) (3) (2) (1)
The output has an The output The output
The output has
excellent design needs needs
Visual a nice design
and layout. It is improvement significant
Clarity and and layout. It is
neat and easy to in design, improvement in
Appeal neat and easy
understand the layout or design, layout
to read.
content. neatness. or neatness.
Few of the
Most pictures Pictures and
Pictures and pictures and
Pictures/ and graphics graphics are not
graphics are clear graphics are
Graphics are clear and clear nor
and relevant. clear and
relevant. relevant.
relevant.
The output has
The output has The output has
multiple
The output has 1-2 spelling, 3-5 spelling,
spelling,
excellent spelling, grammar, or grammar, or
grammar, or
Mechanics grammar, punctuation punctuation
punctuation
punctuation, and errors with errors with
errors. Some
original content. original original
content is
content. content.
plagiarized.
TOTAL

4 & below –
12 – 100% 11 – 97% 10 – 95% 9 – 93% 8 – 90% 7 – 87% 6 – 85% 5 – 80%
75%

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 Entrepreneurship 12 Module 1 Week 1-2

Reflection:
Reflect what you have learned after you go through this module.
Compose 3 to 5 sentences.
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References & Related Resources

Batisan, Ronaldo S., DIWA Senior High School Series: Entrepreneurship Module, DIWA Learning
Systems Inc. (2016)
Edralin, Divina M., Entrepreneurship, Vibal Group Inc. (2016)
Image 1 retrieved from:
Image 2 retrieved from: https://www.google.com/url?sa=i&url=http%3A%2F
%2Fwww.bitlanders.com%2Fblogs%2Ffilipino-street-foods
%2F3640236&psig=AOvVaw2czaI6HEt9LnTClhyg3W5R&ust=1625970520225000&source=imag
es&cd=vfe&ved=0CAoQjRxqFwoTCODKy7u-1_ECFQAAAAAdAAAAABAD
Image 3 retrieved from:
https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.pxfuel.com%2Fen%2Ffree-photo-
qfbjm&psig=AOvVaw33w5FowRhQM6uBmqXbGBt9&ust=1625970888881000&source=images
&cd=vfe&ved=0CAoQjRxqFwoTCPixweW71_ECFQAAAAAdAAAAABAD

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