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Republic of the Philippines

Zamboanga del Sur National High School – Senior High
Division of Pagadian City
Sta. Maria District, Pagadian City
2nd Semester SY 2020-2021

Subject: ENTREPRENEURSHIP Name of the Student: _______________________________

Teacher: JUNELLY GRACE C. TECSON Grade & Section: __________________________________
Week: 1 - 2 Duration: March 24-31, 2021, April 1-7, 2021

What I Need to Know

Objectives:
The learners should be able to:
1. Discuss the relevance of entrepreneurship
2. Define who is an entrepreneur
3. Explain the key concepts of common and core competencies
4. Explore opportunities for entrepreneurship as a career.

What I Know
Activity 1. Direction. Identify which among the following description refer to entrepreneurs and which
refer to employees. On the blanks write ENT for entrepreneur and EMP for employees.
______1. Income is earned whether the business is successful or not.
______2. He or she is usually comfortable with routines and minimal tasks.
______3. He or she is fully responsible for serving customers, making the business profitable/sustainable and
providing employees satisfaction.
______4. He or she prepares policies, procedure and memorable for the business.
______5. He or she is fully dependent on the employer’s performance. If the company does not perform well, he or
she is at risk of becoming jobless.
______6. He or she is comfortable in doing multiple and challenging task and takes accountability with the risk and profits
of the business.
______7. Income is generated on working hours only.
______8. He or she has a flexible schedule and can take an unlimited number or vacation days.
______9. He or she is taxed on the gross income. Expenses incurred related to the job such as food and transportation
expenses cannot be used to claim for deduction from taxable income.
______10. He or she has the power of disengage nonperforming employees, applying the due process policy of disengaging
personnel.

What is It
What is entrepreneurship?
Entrepreneurship is a proactive process of developing a business venture to make a profit. It involves a
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 operation.

Relevance of entrepreneurship to societal and economic benefits:

a. Entrepreneurship produce more jobs that equate to an increase in national income.
b. Entrepreneurship amplifies economic activities of different sectors of society.
c. Entrepreneurship introduces new and innovative products and services.
d. Entrepreneurship improves people’s living standards
e. Entrepreneurship dispenses the economic power and creates equality.
f. Entrepreneurship controls the local wealth and balances regional development.
g. Entrepreneurship reduces local wealth and balances regional development.
h. Entrepreneurship reduces social conflicts and political unrest.
i. Entrepreneurship elicits economic independence and capital formation.
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Activity 2: Short Answer. In your own observation why does entrepreneurship affect an individual or a family, or the
community or even a country?
___________________________________________________________________________________________________________________________________________
___________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________

Rubric for Scoring:

Content and Originality 5 points
Organization of ideas 3 points
Legibility 2 points
Total 10 points

Activity 3: Draw or post a picture in the box what does it look like if entrepreneurship is applied by an individual or by
the community. (10 points)

Who is an entrepreneur?
The word “entrepreneur” has a French origin and was coined from the words entre, which means “between” and
prendre, which means “to take”. They are unique individual who has the innate ability and extraordinary dedication to
establish and manage a business, acknowledging all the risk and reaping its rewards.
Five (5) level of entrepreneurial development
1. The self – employed- a persons that simply put, not comfortable with the routines of a desk job. They do not want
to conform to a fixed working schedule. They want to do things in their own way and start to feel agitated when
controlled by the powers -that-be.
2. The manager- in this level, entrepreneurs feel the need to step up and ask some help from people around them.
They delegate and hire potential employees.
3. The leader- they enjoy seeing their people flourish, stepping up and producing great results with minimal
supervision. For this level they focus on big picture and strategic direction of their business.
4. The investor- they look more opportunities for their business to grow. They may either purchase one or two
businesses that can potentially add value to the company or sell their business as franchise.
5. The true entrepreneur- they aim for quality and excellence in their work. They have fully learned and continue to
practice with four step process: idealization, visualization, verbalization, and materialization.

Activity 4: How do you interpret the five level of entrepreneurial development using the pyramid below? Write
your answer inside the pyramid. (5 points)

Activity 5. Fill in the blanks. Directions: Answers are found in the five level of entrepreneurial development. Write your
answer in the blank that correspond to its concept. (5 points)
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_______________________1. This level would be a venture capitalist that invest money.

_______________________2. A level of entrepreneurial traits that includes integrity, honesty, self- awareness and decisiveness.
_______________________3. They aim for quality and excellence in their work. They have fully learned and continue to adopt
the four process.
_______________________4. A person who organizes and operates a business or businesses, taking on greater than normal
financial risks in order to do so and working oneself.
_______________________5. The level of entrepreneurial degree wherein they practice in taking entrepreneurial knowledge
and utilizing it for increasing the effectiveness of new business venturing as well as small- and
medium-sized businesses.

Activity6: See the difference. Instruction: Read each statement and pick a word or words that differentiate the
entrepreneur from a businessman. (15 points)

Key Differences Between Businessman and Entrepreneur.

Statement Businessman Entrepreneur

A person who brings his unique idea Example. Old idea Example. startup
to run a startup company is known as
an entrepreneur. A businessman is a
person who starts a business on an old
concept or idea.
A businessman makes his place in the
market with his efforts and dedication,
whereas an entrepreneur creates the
market for his own business.
The businessman is a market player
while Entrepreneur is a market leader
because he is the first to start such a
kind of enterprise.
The nature of a businessman is
calculative, but an entrepreneur is
intuitive
As the businessman follows the
footsteps of other businessmen, the
possibility of failure is very less which
is just opposite in the case of the
entrepreneur.
A businessman uses traditional
methods to run the business.
Conversely, an entrepreneur applies
unconventional methods for the same.
A businessman is oriented towards
profit, however, an entrepreneur is a
people focused in essence, he gives
more importance to its employees,
customers, and the public.
Activity 7: Complete the definition of an entrepreneur using the following words below:
change, conceives, creative, first, reality, risks, Startup. (10 points)

An entrepreneur is a person who ____________________ a unique idea or concept to start an enterprise and brings it into
__________________. He is the person who bears ________________ and uncertainties of the business. The venture established by
the entrepreneur is known as _________________ Company, which is formed for the very _______________ time regarding the
idea, innovation, or business process.

Entrepreneurs are known for their ___________________ approach. They introduce innovation and coordinate the resources.
They offer such products and services which bring about a ______________________ in the world.

New Terminology of Entrepreneur Based on its Expertise

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As an entrepreneur is constantly evolving this creates new term to suit an entrepreneur’s field of expertise:
a. Technopreneur – is an entrepreneur who puts technology as a core of his or her business model
b. Social entrepreneur- is one who take advantage of the country’s social problems and turn them to be profitable
institutions with the intentions of helping the disadvantage community rather than making profit.
c. Intrapreneur- an entrepreneur in a large company or corporation who is tasked to think, establish and run a new big
idea or project. Intrapreneur are usually the product managers or the business development managers of a company.
d. Extrapreneur is an entrepreneur who hops from one company to another to act as the innovation, champion, providing
creative and efficient solutions.

Common and Core Competencies in Entrepreneurship

Entrepreneurship is a career that requires a plethora of common and core competencies. Therefore, to be considered a successful
entrepreneur, he or she must possess common entrepreneurial competencies that are needed all throughout the entrepreneurship
career. At the same time, he or she should also possess core competencies that are needed for business sustainability and
management
Here are the COMMON TRAITS that entrepreneurs should always have.
a. Proactive. Entrepreneurs are reactive rather than passive. They address issues, problems, and challenges before they
come rather than when they already happened. They ensure that proper research is done, the risk factors are assessed,
and plans are executed on timely and most efficient way.
b. Agents of change. Entrepreneurs are innovation champions. They see opportunities in hopeless and complex situations.
They are always enthused to improve and develop new products and services and introduce them to the market. They
don’t settle for mediocrity and the status quo.
c. Risk takers. Entrepreneurs will not be successful if they do not take risks. By taking risks, entrepreneurs do not just grab
opportunities left and right; they have to take into consideration the potential various threats they may encounter.
Entrepreneurs 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.
d. Have a sharp eye for opportunities. Entrepreneurs have a talent for recognizing an opportunity even by using the
macrolevel data only. They know how to asses the net cause and effect of an opportunity and decide intelligently if a
venture be considered or not.
e. Sociable. Soft skills are one of the most important competencies of entrepreneurs as these establish the relationship
with the most important assets of the company its people and its customers. Relationship management is the key for
employee and customer retention, which can be achieved by a sociable entrepreneur.
f. Networkers. A networker knows the key people to connect with. Networking can be a very intimidating task, for it takes
a lot of guts to pull it off. Successful entrepreneurs gain trust of their valuable network and maintain a long-lasting
relationship with them
g. Decisive. Entrepreneurs always have a decision about their business. They do not settle for gray areas or unclear
solutions. They do not leave an issue unsolved without a disposition. They make sure that all aspects of their business
have clear backed up by their experience and technical knowledge.
h. Balanced. The minds of entrepreneurs should have a balance between the analytical and the creative side. Their brains
are always playing with “unique ideas” that no one has ever thought of yet. Entrepreneurs always have “Eureka!”
moments and enjoy them.
i. Innovative. The mind entrepreneurs are rich with big ideas that can add value to their existing business or could become
a game changer in the industry or business where they belong. They do not stop improving and thinking of new and
worthwhile ideas for their business

CORE TRAITS that an entrepreneur should develop in managing and running the business:

1. Leaders- successful entrepreneur have the heart of a leader. They have the source of inspiration for their employees.
They know how to unite the team and bring out the best in every employee.
2. Communicators- know how to use all forms of communication to effectively share ideas and address certain concerns
with their customers or employees.
3. Specialist- they are expert in their chosen business. They are tactical and are very keen with details.
4. Problem solvers- they possess critical thinking skills and look at problems as challenge or puzzle that they need to solve.
They how to handle issues in any area of the business, be it finance, operations or marketing.

Careers in Entrepreneurship – List of Common Small Businesses in the Philippines

1. Sari-sari store- one of the easiest business to set up

2. Rice retailing- rice is the staple food of Filipinos and Asian countries business is very common in the country.
3. Food cart busines- food cart business are usually under franchising and non- franchising arrangement.
4. Printing business- is also lucrative in the Philippine because the demand is very high. Usually situated near school and
offices.
5. Buy and sell business- this business is one of the emerging business in the Philippines, and it is not just done traditionally
in brick- and- mortar store.
6. Street and food business- just like food cart business.
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7. Flea market business or tiangge- set up a small space and sell any type of goods in a palengke setup that is normally in
an open space.
8. Online selling business- deals with adding the Internet as a marketing and transaction channel for selling.
9. Cellphone loading business- access to mobile phone and many cellphone loading business.
10. Laundry and dry-cleaning business- located in central business district and areas with several condominiums and
townhouses.
11. Hair styling and makeup business- includes parlors and barber’s shops.
12. Spa, gyms, and nail care business- this business offers range of massage treatment that can relax stressed areas.
13. Video and photography business- requires talented capturing precious moment in weeding, birthdays, anniversaries,
graduation and other important events.
14. Tutorial business- caters students or graduate individual for their lesson or review for their board exams
15. Baking business- bread is the second staple food in Filipinos.
16. Web site development and design blogging- the popularity of the internet brought so many opportunities to Internet –
savvy budding entrepreneurs.
17. Direct selling business- it is also vey common in the Philippines, it is face to face selling of products by a sales agent.
18. Car wash and car care business- the demand for car care increases every year.
19. Bar, café and restaurant- the number of foodies has increased because the Filipino
20. Water station and LPG (liquified petroleum gas) station - supplying them with their purified water and gas needs.
21. FRANCHISING is a business arrangement wherein the franchisor who is the owner of the business acquires distribution
centers through the franchisees or the affiliated dealers.

 Bakeries, bakeshops and bread products • food and snacks carts

 Bars, cafes, and coffee shops • gas stations/petroleum products
 Beverages, and confectionary • general merchandise and retail
 Health and wellness (salon, massage, spa and gym) • car care
 Clothing and accessories • schools
 Convenient stores • services (personal and business)
 Drug stores and pharmacies • schools
 Fast food establishment and restaurants

Assessment
MULTIPLE CHOICE. Directions: Read each question carefully and choose the letter of the best answer in
the box below. (10 points)

a. Proactive b. Agents of Change c. Risk Takers

d. Sharp Eye for Opportunities e. Sociable f. Networkers
g. Decisive h. Balanced i. innovative
j. entrepreneurship k. accountability

____ 1. They are someone who treat loss or injury in the hope of gain or excitement or accepts greater potential for loss in
decisions and tolerates uncertainty.
____ 2. If someone can make decisions quickly.
____ 3. a special ability to notice or recognize a particular thing or quality they has a keen eye for detail.
____ 4. will allow you to meet people who are going through similar experiences and facing the same challenges.
____ 5. They can also help drive change with innovation, where new and improved products enable new markets to be
developed
____ 6. Entrepreneurs always have revelation moments and enjoy them.
____ 7. The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
____ 8. They are person who discovers totally new things. 
____ 9. Entrepreneurs can create or control a situation by causing something to happen rather than responding to it after
it has happened.
____ 10. is a person who pursues novel applications that have the potential to solve community-based problems

SHORT ANSWER. Answer the following questions critically & logically. Use your preferred Filipino or English language
but avoid using Taglish. (20 points)
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1. From the list of the common small business in the Philippines chose three (3) and why.
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2. What do you think is the main factor that drives you or the Filipinos to become an entrepreneurial?
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3. How do you feel if one day you become a very wealthy and successful entrepreneur? What business do you think
would that be?
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Rubric for Scoring:

Content and Originality 10 points
Organization of ideas 7 points
Legibility 3 points
Total 20 points

References:

Entrepreneurship, DIWA Publisher

https://keydifferences.com/difference-between-businessman-and-entrepreneur.html#KeyDifferences

Prepared by:

JUNELLY GRACE C, TECSON, MBA3333

change
conceives
creative
first
reality
risks
startup