SCHOOLS DIVISION OFFICE OF TABACO CITY

Entrepreneurship
Quarter 3 – Week 2

LAS 2 – EXPLORING JOB OPPORTUNITIES

Development Team

Writers
ROMER ELUMBA, T-I
ROSE ANN B. FLORENCIO, SST-I

Editors/Reviewers
PAULO C. MOJOS, T-II
REYNALDO C. CAÑEZO JR., MT-I
DIOLETA B. BORAIS, EPS 1 MATHEMATICS
 Republic of the Philippines
Department of Education
Region V – Bicol
SCHOOLS DIVISION OFFICE OF TABACO CITY

Name: __________________________________ Strand and Block: ____________ Date: ______________

Learning Area: Entrepreneurship Teacher: _______________________________________

LEARNING ACTIVITY SHEETS NO. 2

EXPLORING JOB OPPORTUNITIES
Objectives:
1. Explore job opportunities for entrepreneurship as a career;
2. Describe the process involved in the creation of a new entrepreneurial venture; and
3. Identify the possible sources of entrepreneurial ideas.

Learning Activity

Definition of Terms
Opportunity seeking - Process of considering, evaluating, and pursuing market-based activities that are accepted
to be beneficial for the business.
Entrepreneurial process - can be defined as the steps taken in order to begin a new enterprise. It is a step-by-
step method; one has to follow to set up a business.
Entrepreneurial ideas - an innovative concept that can be used for financial gain that is usually centered on a
product or service that can be offered for money.
Essentials of entrepreneur’s opportunity seeking - These are the basic foundation that the entrepreneur must
have in seeking opportunities, such as entrepreneurial mind frame, heart flame and gut game.
Sources of opportunity - can be attain by assessing and looking at changes in the environment; technological
discovery and advancement; government’s thrust, programs, and policies; people’s interest, and past
experiences.
External environment - refers to the physical environment, societal environment, and industry where the business
operates.
Government - refers to the local government (municipality, city, or provincial) or the national government and its
branches.
Competition – it is the act or process of trying to get or win something.
Substitute – anything that takes the place or function of another.
New entrants – the one who enters something.
Suppliers – are the one that provide something that is needed or wanted.
Buyers – are the one that pays cash in exchange to your goods and services.
Rivalry – is a state or situation in which people or groups are competing with each other.

As a future entrepreneur, always remember that a business must be firmly on existing business
opportunities, and that there can be no business opportunities in the process of entrepreneurial idea.

Creation of Identification of Opening of

entrepreneurial entrepreneurial entrepreneurial
Ideas Opportunities Venture

Figure 1. The Entrepreneurial Process of Creating New Venture

The creation of an entrepreneurial ideas leads to the identification of entrepreneurial opportunities, which
in turn results in the opening of an entrepreneurial venture.
Sources of Opportunities
There are many ways to discover opportunities. Looking at the big picture some have noticed the
emerging trends and patterns for business opportunities. While others are trying to find out their target market.
Some are the following sources of opportunities:

1. Changes in the environment.

Entrepreneurial ideas arise when changes happen in the external environment. A person with an
entrepreneurial drive views these changes positively. External environment refers to the physical environment,
societal environment, and industry environment where the business operates.
1.1 The physical environment includes
Climate- the weather conditions.
Natural resources- such as minerals, forests, water, and fertile land that occur in nature and can be
used for economic gain.
Wildlife- includes all mammals, birds, reptiles, fish, etc., that live in the wild.
1.2 The Societal environment includes the various forces like
Political forces- includes all the laws, rules, and regulations that govern business practices as well as
the permits, approvals, and licenses necessary to operate the business.
Economic forces- such as income level and employment rate.
Sociocultural forces- customs, lifestyles and values that characterize a society.
Technological environment- New inventions and technology innovations.
1.3 The industry environment of the business includes:
Competitors Creditors Government
Customers Employees Suppliers

For example, one factor in the physical environment that can easily change is the climate. The
temperature is very high during summer but very low during the rainy season. An individual with entrepreneurial
drive can be extremely imaginative and inventive in identifying opportunities. He/she can venture a business that
responds to the needs of the people during summer and rainy season.

2. Technological discovery and advancement

A person with entrepreneurial interest sees possibility of business opportunities in any new discovery or
because of the use of latest technology.
For example, an individual with knowledge in repair and installation of a machine engine discovers that
additional engine parts that considerably reduce fuel consumption.
3. Government’s thrust, programs, and policies
The priorities, projects, programs, and policies of the government are also good sources of ideas.
For example, the use of firecrackers to celebrate New Year’s Eve is strictly prohibited. People without
entrepreneurial interest will view the ordinance as a plain restriction. However, for an entrepreneur, it is a
business opportunity to come up with a new product that will serve as a substitute for firecrackers.
4. People’s interest
The interest, hobbies, and preferences of people are rich source of entrepreneurial ideas. Like the
increasing number of Internet Café at present could lead to the strong attachment of young people to computers.
5. Past experiences
The expertise and skills developed by a person who has worked in a particular field may lead to the
opening of related business enterprise.
For example, an accountant who has learned the appropriate accounting and management skills and
techniques in a prominent accounting firm can start his/her business venture by opening his/her own accounting
firm.

Job Opportunities for Entrepreneurship as a Career

If you’re an aspiring entrepreneur, there are different career paths you can take to turn your dream into
a reality. Which path you choose will depend on your experience, skills, finances, and flexibility, as well as your
goals for the future (Doyle, A., 2020). Career opportunities you might pursue according to Michalowicz (2011)
as cited by Edralin, D. M., 2016):

Entrepreneurship Career Opportunities for the Entrepreneurship Career Opportunities for the
Academic Track TechVoc Track
• Business consultant Fine Arts
• Sales • Artist
• Research and development • Graphic designer
 • Not-for-profit fundraiser • Photographer
• Teacher • Art gallery manager
• Talent recruiter • Film director
• Business reporter Fashion Designing
• New venture creation • Designer wear production
• Career in existing entrepreneurial ventures • Fashion marketing, planning, and concept
management
• Fashion media design management
• Fashion accessory design, quality control,
and promotion brands
• Costume designer
• Fashion consultant and personal stylist
• Technical designer and graphic designer
• Fashion coordinator
Sports
• Health club manager
• Strength, wellness or conditioning coach
• Fitness program or event planning manager
• Professional or amateur team manager
• Corporate fitness director
• Rehabilitation center director
• Nutrition center manager
Other Tech-Voc Track
• Cook/chef
• Automotive mechanic
• Electrician
• Technical support specialist
• Tool keeper and technician
• Network support associate
• Mechanical technologist

Practice Exercise:
Activity #1: Think of words or terms related to the topic and find the words in the grid horizontally, vertically, or
diagonally. Write the words or terms on the space provided below.

V E N T U R E A B C D E F A B C D E F S
A B N P O H W Q G S D L O S J E T U E Q
B C T R P R O D U C T S R L R E H R B E
C V R E P G O Y T R E P T G S T V A C N
V H E N O V R F D A B C U D E I O G V T
H K B E R C T K R F G E N H C J R K H R
K I C I T H U L V D E O C E U A T U K E
I D V D U K N S J Y I R Z O Q E U Y I P
D G H G N O U A O F G T U X N X N D R
G L K L I P W L R E P U R E P O J O G E
L H Z H T S P K L I O N H L I O M E L N
H A X Q I M I L G C V R I V A L R Y H E
A D S J E T U R E A B B S T I T U H A U
S S U B S T I T U T E S J E T U R F J R
V T U R E A B Q R S J E T U T U R E A B
1. ____________________ 6. ____________________
2. ____________________ 7. ____________________
3. ____________________ 8. ____________________
4. ____________________ 9. ____________________
5. ____________________ 10. ____________________
Activity #2 Direction: Arrange the scrambled letters to form a correct word.
1. UPSIERSPL ________________ 6. UTSBETIUST _______________
2. NISSUBES ________________ 7. ICEVERS _______________
3. KERTAM ________________ 8. PECITIONMTO _______________
4. EDICRRSTO ________________ 9. IMCLTEA _______________
5. SUTEMOSRC ________________ 10. NTERTSAN _______________

Evaluation:

Part I - Multiple Choice. Choose the letter of the best answer. Write your answer on your answer sheet.

1. It is the process of considering, evaluating, and pursuing market-based activities that are believed to be
advantageous for the firm.
A. Opportunity seeking C. Opportunity screening
B. Opportunity seizing D. Sources of opportunity
2. What variable of societal environment includes income level and employment rate?
A. Economic forces C. Political forces
B. Sociocultural forces D. Technological forces
3. Which of the following good sources of entrepreneurial ideas determine the interest, hobbies and
preferences of people.
A. Changes in the environment C. People’s interest
B. Technological discovery D. Past experiences
4. Societal environment includes the following, except:
A. Economic forces C. Political forces
B. Sociocultural forces D. Natural resources
5. Which among the following is the result of identifying entrepreneurial opportunities?
A. Creation of entrepreneurial ideas C. Sources of opportunity
B. Opening of entrepreneurial venture D. Entrepreneurial process
6. What entrepreneurial idea will you recognize, if you consider the new discovery and advancement of
technology as source of opportunity?
A. Changes in the environment C. Government’s thrust, programs, and policies
B. Technological discovery and advancement D. People’s interest
7. Source of entrepreneurial idea where expertise and skills developed by a person from its previous work can
lead to the opening of a related business enterprise.
A. Government’s thrust, programs, and C. People’s interests
policies D. Technological discovery and advancement
B. Past experiences

Part II – Supply at least one specific business opportunity (right) that might emerge as a result of each situation
(left). Briefly explain why such business opportunity is appropriate to the situation.

Situation Potential business opportunity and

No.
explanation
1. Extremely high summer temperature
2. Students on distance/blended learning
3. Employees on work from home scheme
4. Outbreak of African swine fever in town
5. Opening of 8.5 km farm-to-market road

References
1. Yacas, J., Valdehuesa, N., Maquilan, MC., Parel, C., Anub, LF., Dominguez, J., et al. (2020)
2. Entrepreneurship – Grade 12 (1st Ed.) Alternative Delivery Mode. Cagayan De Oro City, Philippines:
Department of Education, Regional Office 10
3. Aduana, Nick L., Entrepreneurship in Philippine Setting for Senior High School, 2016, C & E Publishing
Inc.