Entrep12 Mod1 Introduction-to-Entrepreneurship v2
Entrep12 Mod1 Introduction-to-Entrepreneurship v2
Entrepreneurshi
p Module 1-10
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Published by the Department of Education – Region X – Northern Mindanao Regional Director:
Dr. Arturo B. Bayocot, CESO V
TABLE
OF CONTENTS
Introductory Message ………………………………….....
QUARTER 1:
Module 1 – Introduction of Entrepreneurship ………..... Module
2 – Recognize the Potential Market …………... Module 3 –
Recognize and Understand the Market ………. Module 4 –
Market Research …………………………… Module 5 – 7P’s of
Marketing & Branding ………….……………
QUARTER 2:
Module 6 – 4 M’s of Production and
Business Model ………………….………….
Module 7 – Forecasting Revenues and Costs ……………
Module 8 – Computation of Gross Profit ……………….
Module 9 – Business Implementation ………………….
Module 10 – Bookkeeping ……………………………......
Introductory Message
For the Learner
This module will help give you all the essentials needed in your
entrepreneurial journey.
12
Entrepreneurshi
p Quarter 1 – Module
1 Introduction to
Entrepreneurship
What I Know
Before starting with this module, let us see what you already know about
Entrepreneurship. Answer the questions below.
Instruction: Read the statements carefully then write True if the statement is correct
& write False if you think the answer is not correct.
____________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. ____________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.
____________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.
Lesson 1 Introduction to
Entrepreneurship What’s In
Before we will proceed to our lesson, Can you tell me what comes into your
mind when you hear the word Entrepreneur? Write it one fourth sheet of paper and
give it to your teacher. (All answers will be accepted)
What’s New
Activity 1 Let Me Know
Give at least five (5) names of entrepreneurs that you know. May it be from
your locality or within Philippines. Identify what are their common traits as
entrepreneur. Write it in one half cross wise and submit it to your teacher.
What is it?
Competencies of Entrepreneurs
1. What characteristics that you can observe or see that is common to them? 2.
Who among the entrepreneurs you mentioned that you admire most and why? 3.
In your own opinion, what do you need to possess to become a successful
entrepreneur?
TOTAL 10
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.
1. Innovative entrepreneur- they are those who always make new things by
thinking of new ideas.
2. Imitating entrepreneurs- they are those who don’t create new things but only
follow the ideas of other entrepreneurs.
3. Fabian entrepreneurs- they are those skeptical. They don’t initiate but follow
only after they are satisfied.
4. Drone entrepreneur- they are those who lives on the labor of others. They are
die-hard conservatives even ready to suffer the loss of business. 5. Social
entrepreneurs-they are those who initiate changes in the various fields such as
education, health, human rights, environment and enterprise development.
Types of Entrepreneurs
1. Innovative entrepreneurs- have the ability to think newer, better and more
economical ideas.
2. Imitating- these are people who follow the path show by innovative
entrepreneurs
3. Fabian Entrepreneurs- are skeptical about changes to be made in the
organization.
4. Drone entrepreneurs- are persons who lives on the labor of other 5. Social
entrepreneur- are people who drive social innovation and transformation in
various fields including education, health, human rights and many others
is What’s More
Activity 2 Self- Assessment
Direction: Find out if you have the qualities of an entrepreneur. Put a check mark on
the box.
Qualities YES NO
Risk Taker
Communicator
Leader
Opportunity Seeker
Proactive
Innovator
Decisive
Interpretation: If you have more YES than NO, you have the qualities of an
entrepreneur.
Generalization
_______________ are people who take the risk, they are innovators and
contributors to the development of the _______________.
What I Can Do
Activity 3 Interview the Known
Assessment
Now, that you are finished accomplishing the module, let us check what you have
learned. Answer the questions given below by encircling the letter of the correct
answer.
12. They are entrepreneurs who drive social innovation and transformation in
various fields.
a. drone below is true?
c. Fabian d. Imitating
b. Social entrepreneur
13. Which of the statements
Additional Activities
Activity 4 Research Me
Research on the life story of at least three (3) entrepreneurs in your locality;
identify how they started their business. Ask how much their start-up capital.