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Entrep Module 10 - Business Implementation

This document outlines the steps students will take to implement their business plans and commence operations of their business enterprises. It provides a checklist of initial business requirements including obtaining necessary permits and licenses. It also lists activities for preparing the physical structure such as negotiating a location, purchasing materials, and making an opening entry. Finally, it describes handling daily transactions like commencing operations, preparing progress reports, and seeking recommendations for improvement. The overall goal is for students to gain experience practically establishing and running their own businesses.

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JOHN PAUL LAGAO
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364 views3 pages

Entrep Module 10 - Business Implementation

This document outlines the steps students will take to implement their business plans and commence operations of their business enterprises. It provides a checklist of initial business requirements including obtaining necessary permits and licenses. It also lists activities for preparing the physical structure such as negotiating a location, purchasing materials, and making an opening entry. Finally, it describes handling daily transactions like commencing operations, preparing progress reports, and seeking recommendations for improvement. The overall goal is for students to gain experience practically establishing and running their own businesses.

Uploaded by

JOHN PAUL LAGAO
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ENTREPRENEURSHIP

Governor Pack Road, Baguio City, Philippines 2600


Tel. Nos.: (+6374) 442-3316, 442-8220; 444-2786;
442-2564; 442-8219; 442-8256; Fax No.: 442-6268 Grade Level/Section: ABM 12
Email: [email protected]; Website: www.uc-bcf.edu.ph

MODULE 10 – ENTREP Subject Teacher:

Business Implementation

Learning Objectives:
At the end of this module, the learners are expected to:
a. Complete the initial business requirements;
b. Prepare the physical structure of the business; and
c. Handle the daily transactions of the business;

As the concluding part of this course, the students will finally implement the business concepts
and the business plan they have developed throughout the course. They shall be given the
opportunity to formally establish their own business enterprises and commence the operations of their
businesses. This part shall serve as a checklist of all the activities needed to properly implement and
commence the business enterprise.

Completion of the Initial Business Requirements

Activity Check Box


1. Approval of Business Plan

2. Letter of the students to the school administrator, properly noted by the subject
teacher, seeking for the approval for introducing the business to other students in
the University

3. Parent’s consent and agreement defining the duration of the project and
responsibilities of the teacher and the school

4. Approval of the business name by the Department of Trade and Industry (DTI).
Note: Application is now done online

5. Permits and licenses obtained from national and local government regulatory
agencies.

6. Approved and properly stamped journals and ledgers by the Bureau of Internal
Revenues (BIR)

7. Municipal/ City Permits and Licenses

Note: The students must prepare all the necessary documentary requirements mentioned in the
checklist.

Preparation of the Physical Structure of the Business

Activity Check Box


1. Negotiation of the location of the business

2. Finalize the necessary contracts between and among the proprietors

Entrepreneurship Page 1 of 2
ENTREPRENEURSHIP
Governor Pack Road, Baguio City, Philippines 2600
Tel. Nos.: (+6374) 442-3316, 442-8220; 444-2786;
442-2564; 442-8219; 442-8256; Fax No.: 442-6268 Grade Level/Section: ABM 12
Email: [email protected]; Website: www.uc-bcf.edu.ph

MODULE 10 – ENTREP Subject Teacher:

3. Purchase the necessary materials, equipment, and fixtures required in the


operation of the business

4. Record the opening entry and other initial transactions of the business

5. Make a reflection of the initial experience of the students on the first set of
activities conducted.

Handling of Daily Business Transactions

Activity Check Box


1. Commence the operations of the business (Subject to changes in the situation
concerning COVID-19 Pandemic)

2. Prepare a progress report on the early periods of operations of the small


business

3. Ask for recommendations and suggestions which will lead to the improvement
of the business enterprise

Message of Teachers: If you reached this point, give yourself a tap at the back for a job well done.
Remember, all big businesses started small. If you decided to pursue your business enterprises, its great!
If not, remember that you have all the time to always go back to the business ideas you have
developed throughout this course and you could always decide to finally pursue in managing it.

References:
BAL 338.04
Kuratko, D. (2012). Entrepreneurship: An Introduction. Pasig City: Cengage Learning Asia
K9654
2012 Pte. Ltd.
BAL 658.421 Batisan, R. (2016). Entrepreneurship. Makati City: Diwa Learning Systems Inc
B3208
2016

BAL 658.421
Aduana, N. (2016). Entrepreneurship in Philippine Setting. Quezon City: C&E Publishing,
B3208
2016 Inc.

Kotler, P., & Armstrong, G. (2013) Principles of marketing (14th ed.). Harlow, England:
Pearson Education Ltd.

Zarate, C. (2016) Organization and Management

Entrepreneurship Page 2 of 2

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