Senior High School

ENTREPRENEURS
HIP
Quarter 1 – Module 1
Overview of Entrepreneurship
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Entrepreneurship – Grade 11
Quarter 1 – Module 1: Overview of Entrepreneurship
First Edition, 2020

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approval of the government agency or office wherein the work is created shall
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The publisher and authors do not represent nor claim ownership over them.

Published by the Department of Education

Secretary: Leonor Magtolis Briones
Undersecretary: Diosdado M. San Antonio

Development Team of the Module

Compiler / Contextualizer : Bethyl B. Gacayan and Grissil P. Babon
Editors / Reviewers : Dr. Luis Derasin Jr., Alice Ganar, Roy Guarin
John Paul Lisondato, Marilou de la
Cuesta ,
Daisy Von Dy and Florinda Geyrozaga
Management Team :

Dr. Rhea Mar A. Angtud

Schools Division Superintendent

Dr. Gracia Bataluna

Chief, Curriculum Instruction Division

Mrs. Vanessa Harayo, LLB

EPS In-Charge of LRMS

Department of Education – Region VII, Cebu City

Office Address : Imus Avenue, Cebu City

 Telefax : 032-255 1516
E-mail Address: http://www.depedcebucity.com

Senior High School

11

ENTREPRENEURSHIP
Quarter 1 – Module 1:
Overview of
Entrepreneurship
Introductory Message
For the facilitator:

Welcome to the Entrepreneurship 11 Module on Overview of Entrepreneurship.

This module was collaboratively designed, developed and reviewed by

educators both from public and private institutions to assist you, the teacher
or facilitator in helping the learners meet the standards set by the K to 12
Curriculum while overcoming their personal, social, and economic
constraints in schooling.

This learning resource hopes to engage the learners into guided and
independent learning activities at their own pace and time. Furthermore, this
also aims to help learners acquire the needed 21st century skills while taking
into consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the
body of the module:

Notes to the Teacher

This contains helpful tips or strategies that
will help you in guiding the learners.

As a facilitator, you are expected to orient the learners on how to use this
module. You also need to keep track of the learners' progress while allowing
them to manage their own learning. Furthermore, you are expected to
encourage and assist the learners as they do the tasks included in the
module.

For the learner:

Welcome to the Entrepreneurship 11 Module on Overview of Entrepreneurship.

This module was designed to provide you with fun and meaningful
opportunities for guided and independent learning at your own pace and
time. You will be enabled to process the contents of the learning resource
while being an active learner.
This module has the following parts and corresponding icons:
This will give you an idea of the skills or
What I Need to Know competencies you are expected to learn in
the module.

This part includes an activity that aims to

check what you already know about the
What I Know
lesson to take. If you get all the answers
correct (100%), you may decide to skip this
module.

This is a brief drill or review to help you

link the current lesson with the previous
What’s In
one.

In this portion, the new lesson will be

introduced to you in various ways; a story,
What’s New a song, a poem, a problem opener, an
activity or a situation.

This section provides a brief discussion of

the lesson. This aims to help you discover
What is It and understand new concepts and skills.

This comprises activities for independent

practice to solidify your understanding and
What’s More skills of the topic. You may check the
answers to the exercises using the Answer
Key at the end of the module.

What I Have Learned This includes questions or blank

sentence/paragraph to be filled in to
process what you learned from the lesson.

What I Can Do This section provides an activity which will

help you transfer your new knowledge or
skill into real life situations or concerns.

This is a task which aims to evaluate your

level of mastery in achieving the learning
Assessment competency.

In this portion, another activity will be

given to you to enrich your knowledge or
Additional Activities
skill of the lesson learned.
 This contains answers to all activities in
Answer Key the module.

At the end of this module you will also find:

References This is a list of all sources used in developing this module.

The following are some reminders in using this module:

1. Use the module with care. Do not put unnecessary mark/s on any part
of the module. Use a separate sheet of paper in answering the exercises.
2. Don’t forget to answer What I Know before moving on to the other
activities included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your
answers. 5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do
not hesitate to consult your teacher or facilitator. Always bear in mind
that you are not alone.

We hope that through this material, you will experience meaningful

learning and gain deep understanding of the relevant competencies. You
can do it!
 First Quarter, Module 1, Week 1
Overview of Entrepreneurship

Content Standard : The learner demonstrates understanding of key

concepts, underlying principles, and core
competencies in Entrepreneurship.
Performance Standard : The learner independently creates/provides a
quality and marketable product and/or service in Entrepreneurship.
Learning Outcomes : Upon the completion of the given unit, the SHS
students are expected to discuss the relevance of the course and explain
the common and core
competencies in Entrepreneurship.
Competencies : Discuss the relevance of the course.
Explain the common and core competencies in Entrepreneurship.

What I Need to Know

Welcome to Entrepreneurship 11! In business planning, learners

must understand the big picture of entrepreneurship. In this module, the
learners will be enlightened about the fundamentals of entrepreneurship by
knowing its role in economic development. They will learn the common and
core competencies entrepreneurs must master to succeed.

The module is divided into three lessons, namely:

∙ Lesson 1 – Introduction to Entrepreneurship
∙ Lesson 2 – Key Competencies in Entrepreneurship

What I Know
Instruction: Circle T if the statement is TRUE and F if the statement is FALSE.

T F 1. Entrepreneurships produces more jobs to augment the

earnings of the country.
T F 2. Entrepreneurship improves people’s living standards.
T F 3. Entrepreneur is a person who creates the business in a creative
manner.
T F 4. A competency is the mixture of knowledge, skills, and attitude
required to perform the entrepreneurial functions to attain the organizational
success. Knowledge can be gained through attending quality trainings.
T F 5. An entrepreneur never stopped seeking valuable information that
contributes to its success and further innovations.
 Lesso Introduction to Entrepreneurship
n 1
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 imbibe the
“entrepreneurial spirit.”

Entrepreneurship is compelled by the entrepreneur, a person who creates the

business and aggregates the resources efficiently and effectively to manage
the business well.

Entrepreneurship plays an important role in the development of our economy

to boost national income and tax revenue as well as bring new products and
concepts to the marketplace.

What’s In
ACTIVITY
1.1.

Instruction: Analyze the infographic and

answer the questions below.

Questions:
1. Based on the graphic visual representation,

what is your idea about

entrepreneurship?

2. What benefits you can get from

entrepreneurship?

3. How is the infographic helpful to you?

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8435000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCMjfq83jxuoCFQAAAAAdAAAAABAV

What’s New

Instruction: In the quotations of the famous entrepreneurs lie the clues of

the businesses they started. Choose the answer from the box below.

Fortune Tobacco Corporation Bench National Bookstore Shoemart

Jollibee

____________ 1. “I started with shoes, and hard work and discipline, the
business prospered. “– Henry Sy, Sr.
Clues: shoe business and malls

____________ 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

___________ 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

____________ 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

____________ 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

ACTIVITY 1.2.

Instruction: Explain comprehensively.

What quote motivates you to be an entrepreneur and why?
_____________________________________________________________________
______
___________________________________________________________________________
_______
___________________________________________________________________________
_______
___________________________________________________________________________
_______
___________________________________________________________________________
_______

What is It

Entrepreneurship Defined

Entrepreneurship is the process of designing, launching and running a

new business, which is often initially a small business, or as the "capacity
and willingness to develop, organize and manage a business venture along
with any of its risks to make a profit. The people who create these businesses
are often referred to as
entrepreneurs. While definitions of entrepreneurship typically focus on the
launching and running of businesses, due to the high risks involved in
launching a start-up, a significant proportion of start-up businesses have to
close due to "lack of funding, bad business decisions, an economic crisis, lack
of market demand, or a combination of all of these.

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 amplifies 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.
3. Entrepreneurship introduces new and innovative products and services.
New products and services are always available in the market because
of the ingenuity 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?
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.
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 elicits 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.

What’s More

ACTIVITY 1.3.: INSIGHTS

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?
_____________________________________________
_
_____________________________________________
_
_____________________________________________
_
_____________________________________________
_
_____________________________________________
_
 What I Have Learned
ACTIVITY 1.4. ESSAY
Instruction: Answer the questions.
1. What is entrepreneurship?
Notes to the Student
Top 10 Entrepreneurial trends in the Philippines (2020)

1. Food Cart
2. Eco Friendly products 3. Healthcare
4. Beauty and wellness
5. Water refilling
6. Bill Payment
7. Laundry Shop
8. Cold Beverage Stand 9. Car Wash
10. Education

__________________________________________________________
_______
__________________________________________________________
_______
__________________________________________________________
_______
 2. What are the benefits of entrepreneurship?
__________________________________________________________
_______
__________________________________________________________
_______
__________________________________________________________
_______
__________________________________________________________
_______
__________________________________________________________
_______
__________________________________________________________
_______

What I Can Do
ACTIVITY 1.5. IGNITE THE ENTREPRENEURSHIP SPIRIT

1. Pick one famous tagline below:

a. ABS-CBN- “In the Service of the Filipino Worldwide”
b. Del Monte – “Life gets better”
c. BDO – “We Find Ways”
d. Honda – “The power of Dreams”
e. Metro bank – “You’re in a good hands”
2. Reflect on the said tagline.
3. Relate the tagline to your daily activities.

Additional Activities
Instruction: Read the profile of Mr. Kenneth Cobonpue, a rattan’s first
virtuoso and be inspired.

Kenneth Cobonpue is a multi-awarded furniture designer and manufacturer from Cebu,

Philippines. His passage to design began in 1987, studying Industrial Design at the Pratt
Institute in New York. While completing his studies, he apprenticed for a leather and wood
workshop near Florence, Italy. He went on to study Furniture Marketing and Production at
the Export-Akademie Baden-Württemberg in Reutlingen, Germany, under a private and state
scholarship program, and subsequently worked in Bielefeld and Munich.

Kenneth returned home to Cebu in 1996 to manage Interior Crafts of the Islands,
Inc., a furniture design and manufacturing company founded by his mother Betty
Cobonpue in 1972. Discovering that modern design could have a new face using
natural fibers and materials, Kenneth created pieces of functional art, offering an
alternative to the Western definition of modern design. Today, the
KENNETHCOBONPUE® brand has become known globally for its unique designs
and extensive roster of clientele, including Hollywood celebrities and members of
royalty.
 With his masterful way of integrating nature, traditional craft and innovative
technologies, designer and creative director Kenneth Cobonpue has earned
international awards and recognition for his creative, organic, and expressive
pieces. Working closely with some of the world’s leading designers, from household
names to emerging talents, Kenneth has been pushing the envelope for design in
the Philippines and sharing his vision to a global audience.

Awards to his credit include five (5) Japan Good Design Awards, the grand prize at
Singapore International Design Competition, the Design for Asia Award of Hong
Kong, the American Society of Interior Design Top Pick selection and the French
Coup de Coeur award. Several of his designs were selected for several editions of
the International Design Yearbook published in London and New York. Phaidon’s
book entitled “& FORK” underscores Kenneth’s position as a leader of a new
movement incorporating new technologies with crafts. In 2007, TIME magazine
called him “rattan’s first virtuoso.” Kenneth was named the Designer of the Year in
the first edition of Maison et Objet Asia held in March 2014 in Singapore.

Kenneth reveals new work each year in design shows from Milan to New York, and
he speaks regularly about design all over the world. He has also appeared in
European television and in countless international magazines and newspapers
around the world. Various Cobonpue designs have also appeared in full-length
feature films and television, such as Oceans 13 and CSI.

Lesso Key Competencies in

n2 Entrepreneurship

In today’s fast moving world, the entrepreneur must possess the

necessary competencies needed to conform to the standard of the dynamic
and ever changing nature of the business industry.

What’s In
ACTIVITY 2.1.

Instruction: Define the following terms:

1. Entrepreneurship -
____________________________________________________________________
_______ _______________________________________________________________
2. Entrepreneur –
____________________________________________________________________
_______
____________________________________________________________________
_______
 What’s New
ACTIVITY 2.2. SELF – ASSESSMENT

Instruction: Place a check mark before a number if you already

acquired the following competencies.
_____ 1. Opportunity Seeking
_____ 2. Persistence
_____ 3. Commitment to work-
contract
_____ 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

What is It

A competency is the mixture of knowledge, skills, and attitude

required to perform the entrepreneurial functions to attain the organizational
success. Knowledge can be gained through attending quality trainings. Skills
can be developed by executing it from the facts you have learned in the
trainings. Attitude is the powerful weapon to perform all the activities to meet
the institution’s goal.

Core competency is the ability for you to be competitive in the

entrepreneurial world. Common competency is the one that describes the
KAS (knowledge, skills, and attitude) present in all entrepreneur. Both
competencies are essential to be considered as global entrepreneur, able to
compete worldwide.

Here are the common traits that the entrepreneurs must have.
1. Opportunity seeking. Entrepreneurs seek opportunities and turn it into
business. They look at every situation as an opportunity and how to
transform it into something that is relevance to the world.

2. Persistence. Persistence describes the ability to push and push toward

the finish line, even if the finish line seems comically out of reach

3. Commitment to work contact. Entrepreneur stand and committed of

what they have said. There are neither reasonable reasons nor
 excuses. 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.

4. Demand efficiency and quality. One key for a successful entrepreneur is

satisfying the client’s needs and demands which will achieve through
efficient service and quality products. It is in their blood to give the
BEST and achieve EXCELLENCE.

5. Risk taking. One capacity of an entrepreneur is to know when to take

the opportunity and calculate the risk to avoid possibility of killing
ventures because of too much risk taking.

6. Goal setting. Successful entrepreneurs set and achieve goals

accordingly and stretch their selves to the widest possibility they can
be.

7. Information seeking. An entrepreneur never stopped seeking valuable

information that contributes to its success and further innovations 8.
Systematic Planning and monitoring. One key to achieve goal is the
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.

9. 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.

10.Self-confidence – Self-confidence is a key part for the success of a

business. It is the difference between having faith in yourself and
feeling scared out of wits. It is about having trust in what you know
and your abilities to handle unexpected events that life puts in your
path.

Here are the core traits that entrepreneurs should develop in managing
and running the business:

1. Leaders. Successful entrepreneurs always have the heart of a leader. To

be successful leaders, they must be a source of inspiration for their
employees. 2. Communicators. Entrepreneurs know how to use all forms of
communication to effectively share ideas and address certain concerns with
their customers or employees. Effective communication not only provides
people with a clear view of what business offers, they also help prevent
mishaps in an organization.

3. Specialists. Entrepreneurs are experts in their chose business. They are

tactical and are very keen with details.

4. Problem solvers. Entrepreneurs possess critical thinking skills and look

at problems as challenges or puzzles that they need to solve. They
know how to handle issues in any area of the business, be it finance,
operations, or marketing.
 What’s More
ACTIVITY 2.3.: INSIGHTS

Instruction: Underline the competencies of the entrepreneur found in the

poem. https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.slideshare.net%2FLovellMenezes%2Fclass-12-

entrepreneurship-textbook
cbse&psig=AOvVaw1de5MHSmHurM2PMKES9h4B&ust=1594775648530000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCLCnwd7Fy
oCFQAAAAAdAAAAABAY

What I Have Learned

ACTIVITY 2.4. ESSAY
Instruction: Explain comprehensively.
1. What is competency? Being a student, how can you fully
develop entrepreneurial competencies?
__________________________________________________________
_______
__________________________________________________________
_______
__________________________________________________________
_______
__________________________________________________________
_______
__________________________________________________________
_______
2. Differentiate core competencies from common competencies.
__________________________________________________________
_______
__________________________________________________________
_______
 __________________________________________________________
_______
__________________________________________________________
_______
__________________________________________________________
_______

What I Can Do
ACTIVITY 2.5. MY DREAM SHEET
Instructions:
1. Organize your personal objectives and dreams three years after you
graduate senior high.
2. Make a sketch notes or draw it in a short bond paper.
3. Create an action plan on how are you going to realize it.

Additional Activities
Instruction: Interview any member of the family. Let her
or him identify the following:

∙ The importance of skills, knowledge and attitude in the

business ∙ Among the three, which in his/her opinion is very
important.

Assessment
Multiple Choice. Choose the letter of the best answer. Write the chosen letter
on a separate sheet of paper.
1. Which is NOT the basic benefits of entrepreneurship?
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.

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

3. Which one is not a disadvantage of Entrepreneurship?

A. Risky
B. Uncertain Income
C. You are the boss

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

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

6. Entrepreneurs work until a job is done. They are determined to

overcome problems.
A. Persistent
B. Responsible
C. Creative

7. Entrepreneurs are constantly looking for new ways to solve

problems. A. Creative
B. Responsible
C. Goal Oriented

8. An entrepreneur is accountable for his/her actions and does what is

required. A. Responsible
B. Goal Oriented
C. Independent

First Quarter, Module 2, Week 2

Career Opportunities

Content Standard : The learner demonstrates understanding

of key concepts, underlying principles,
and core
competencies in Entrepreneurship.

Performance Standard : The learner independently creates/provides a

quality and marketable product and/or service in
Entrepreneurship.

Learning Outcomes : Upon the completion of the given unit, the SHS
students are expected to explore the job opportunities for
entrepreneurship as a career Competencies :
Explore job opportunities for Entrepreneurship as a career.

What I Need to Know

The learners will be ushered to the several career opportunities.
Furthermore, it will motivate them to uncover their hidden talents in
entrepreneurship and develop it in looking for prospects in the market to
make income.

What I Know

Instruction: Circle T if the statement is TRUE and F if the statement is FALSE.

T F 1. Sari-sari store is one of the easiest businesses to set up due to

minimal capital required and because it can be managed
at
home, where the business owner lives.
T F 2. Food cart businesses are usually under franchising
arrangements.
T F 3. Online business deals with adding the internet as a marketing and
transaction channel for selling.
T F 4. Tutorial business caters to students who are not able to catch up
with the lessons.
T F 5. Direct selling business is a face to face selling of products by a sales
agent.

What’s In
GUESS WHAT?

Instruction: Identify the type of business and answer the questions

below.

________________ ________________
__________________ Questions:
1. What do they have in common?
______________________________________________

2. What industry does each business belong?

______________________________________________

What’s New
LET’S CLASSIFY!

Instruction: Familiarize the businesses in your neighborhood and use the

table below in classifying them according to the types of business.
TYPES OF BUSINESS

Service Merchandise Manufacturi Hybrid

(intangible (retail) ng (combinati
products) (production on either
) one or
more )
 What Is It

Entrepreneurship offers a lot of careers opportunity that able the

learner to work in any field. This will be the best jobs to all aspiring
entrepreneurs as long as they are equipped with the right traits.

3 types of business organizations

1. Service Business

This type of business offers professional skills, advice and consultations.

Examples: barber shops and beauty parlors, repair shops, banks, accounting
and law firms

2. Merchandising Business

This type of business buys at wholesale and later sells the products at retail.
They make a profit by selling the merchandise or products at prices that are
higher than their purchase costs. This type of business is also known as
"buy and sell".

Examples: book stores, sari-sari stores, hardware stores

3. Manufacturing Business

This type of business buys raw materials and uses them in making a new
product, therefore combining raw materials, labour and expenses into a
product for sale later on.
Examples: shoe manufacturing businesses, car manufacturing plants

Additional information:

There are businesses that may be classified under more than one type
of business. A bakery, for example, combines raw materials in making loaves
of bread (manufacturing), sells hot pan de sal (merchandising), and caters
customers’ orders in small coffee table servings of ensaymada and hot coffee
(service).
 Careers in Entrepreneurship
List of most common small businesses in the Philippines:

∙ Sari – sari store ∙ Spa, gym, and nail care business

∙ Rice retailing ∙ Video and photography business
∙ Food cart business ∙ Tutorial business
∙ Printing business ∙ Baking business
∙ Buy-and-sell business ∙ Street food ∙ Web site development and
business ∙ Flea market business or design/blogging
tiangge ∙ Direct selling business ∙ Car wash
∙ Online selling business ∙ Cellphone and car care business
loading business ∙ Laundry and dry ∙ Bar, café, and restaurant ∙ Water
cleaning business station and LPG (liquefied petroleum
∙ Hair styling and makeup business gas) station
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.

Entrepreneur Philippines’ franchise business options in the

Philippines: Franchise or Startup Businesses

∙ Bakeries, bakeshops, and bread ∙ Gas stations/petroleum

products products
∙ Bars, cafes, and coffee shops ∙ ∙ General merchandise and retail ∙ Health
Beverage and confectionery ∙ Car care and wellness (salon, massage, spa, and
∙ Clothing and accessories ∙ gym)
Convenience stores ∙ Schools
∙ Drug stores and pharmacies ∙ Fast ∙ Services (personal and
food establishments and restaurants business)
∙ Food and snacks ∙ Waters stations

Other Additional Business Opportunities

✔ Dealerships – an establishment authorized to buy and sell specific
goods, especially motor vehicles.
✔ Direct selling - involves distributors selling directly to consumer.
✔ Distributorship – a franchise granted by a manufacturer or
company to market its goods especially at wholesale in a particular
area.
 What’s More

Instruction: Answer the question.

What are the businesses you think you will be profitable
at? What position would you like best and why?
_____________________________________________________________
_______
_____________________________________________________________
_______
_____________________________________________________________
_______
_____________________________________________________________
_______
_____________________________________________________________

_______ What I Have Learned

Instruction: Explain comprehensively.

1. Who is a franchisor?
_______________________________________________________
_______
___________________________________________________________
___ 2. Distinguish between dealership and distributorship.
_______________________________________________________
_______
_______________________________________________________
_______
_______________________________________________________
_______

What I Can Do
Eight Successful Filipino Entrepreneurs Who Started Small (2019)
1. Socorro Ramos (National Book Store)
2. Tony Tan Caktiong (Jollibee)
3. Edgar Sia (Mang Inasal)
4. Cresida Tueres (Greenwich Pizza)
5. Milagros, Clarita, and Doris Leelin (Goldilocks)
6. Joe Magsaysay (Potato Corner)
7. Asiang Reyes (The Aristocrat)
8. Araceli and Jun Manas (Hen Lin)
 Instruction: Answer the following questions:

1. What motivated you to become an entrepreneur?

_________________________________________________________________
_______
_____________________________________________________________________
___
2. What business are you interested in?
________________________________________________________________________

3. Visualize yourself as a successful entrepreneur. Make a short

term and long term goals.
_________________________________________________________________
_______
_________________________________________________________________
_______
_________________________________________________________________
_______
_________________________________________________________________
_______

Additional Activities
Instruction: Read the article below to help you better
understand the lesson.

"In the Lab" With Chef Jazzi—A Recipe for Success and
Safety During the COVID CrisisREAD ALL POSTS
Matthew Hobson - April 6, 2020 - Posted In
Entrepreneurship, Leadership

Around the world, young people are not just planning to create the future they want. “I’m
doing it now,” explains Jazzi Pridgen, a 15- year-old high school student from Baltimore I
met last summer. “I just started a culinary business. I cook and sell food at basketball
games, at the barber shop, in the community.”

When we met, Jazzi was participating in Baltimore Summer

Skill Builders, a program that provides job experience while
teaching life skills using IYF’s Passport to Success
curriculum. “If you’re going to run your own business,” she
told me, “you need to learn how to communicate with
people.” At the time, Jazzi’s Kitchen was just getting off the
ground, but since then, business has skyrocketed. "I do a lot
of vendor and catering events," she says. "Everything from
80th birthday parties to sweet sixteens."

Below, Chef Jazzi talks about inspiration, challenges, what it

takes to be a successful young entrepreneur, and what she's
doing during the COVID-19 pandemic.

First of all, how are you and your community, how's

your business, and what are you doing during the
COVID-19 crisis?

I am doing good. My community is trying to stay as safe and

calm as possible. Businesses like barber shops, hair salons,
and other businesses in that category are shutting down. My
catering business, Jazzi's Kitchen, is shut down temporarily.
I've had to cancel several events, but I'm hopeful things will
pick back up soon. Until then, I am staying home, looking up
new recipes, trying them our and perfecting them. I like to
say I am "in the lab" because there is a science to cooking.
When I'm in the lab, I'm hands-on, in the zone, with no
distractions. Also, I am working on some grilling skills. To
other young people who run businesses, I'd say stay
motivated. Everything happens for a reason. Keep going, do
things that will better your business.

How did you become interested in cooking?

I became interested in cooking at a very young age, around

nine years old. It was something I always loved doing
because of being around it so much. I come from a big family,
so we can’t eat out every day. Instead, my mom cooks big
meals. I finally got to understand that since I’m not really
doing anything after school and sports practice, why don’t I
help her out? I’ve watched and soaked all the knowledge in
—and used it.
Who are your cooking inspirations?

The best cooks I personally know are my mom, grandmother,

and grandfather. My favorite dish from them is chicken
Alfredo (mom), pork chops and collard greens (grandmother),
and white rice and bourbon chicken (grandfather). Other than
that, my favorite place to eat in Baltimore is Rock and Toss—
a seafood restaurant.

What advice would you give a young person thinking of

starting their own business?

One thing I learned during the Baltimore Summer Skill

Builders is to take what you love to do and have a passion
for and run with it. Be who you are and what you want to
represent, with no shame at all. Just do it.

As a young entrepreneur, what obstacles have you

faced starting your business?

The hardest thing about running a business at a young age

is finding the time to go to school, do sports, and still run the
business. You need a schedule. I manage my time by doing
what’s most important first, which is getting my education.
Then, I do my sports activities. Finally, when I get home and
 have that extra lay-down time, I’m thinking about my
business and what I can do to get to the next level. I do
research and try new recipes. I do a lot of business stuff on
the weekends, too, such as catering and pop-ups.

What are your plans for the future?

I want to expand my business to the fullest. One day, I’d like

to own a restaurant or work as a traveling chef.

What would you like to say to any future customers

who might read this?

I may be young, but I'm very reliable. I'm someone you can
count on. And when it comes to making your taste buds
happy—you'll be more than satisfied! Until then, stay
positive, stay home, and stay safe.

Follow Chef Jazzi on Instagram to keep up with her culinary

journey or to book her to cater an event after the COVID-19
crisis.

Assessment
Instruction: Identify whether the following are:
A. Service
B. Merchandising
C. Manufacturing
D. Hybrid

____________________ 1. Personal Chef

____________________ 2. Business Travel

Management ____________________ 3. Computer
Repair ____________________ 4. Office Support
Service ____________________ 5. Catering

____________________ 6. Grocery store

____________________ 7. Home Depot

____________________ 8. Toys R Us
____________________ 9. Restaurant

____________________ 10. Shoes