APPLIED ENTREPRENEURSHIP are ushered to explore possibilities outside the

Senior High School employed world – being entrepreneurs.

This course promote entrepreneurship for

MOST EESENTIAL LEARNING COMPETENCIES students and stir up the entrepreneurial spirit.  This
course will greatly help young students to think like
QUARTER 1: entrepreneur. It will enhance students desire to be
an employer rather than employee.
Module 1 – Concept of Entrepreneurship
Module 2 – Relevance of the course
Module 3 – Explore job opportunities for
Entrepreneurship as a career OVERVIEW OF ENTREPRENEURSHIP
Module 4 – Recognize the Potential Market  Entrepreneurship is considered an
Module 5 – Recognize and Understand the Market
engine of economic growth;
Module 6 – Market Research
Module 7 – 7P’s of Marketing & Branding
It provides profits opportunities
QUARTER 2: resulting in economic benefits. It also offers
the element of choice.
Module 8 – 4 M’s of Production and
Business Model  Entrepreneurship, as an investment
Module 9 – Market Research for economic growth.
Module 10 – Forecasting Revenues and Costs
Module 11 – Forecasting Revenues and Costs Business put up by entrepreneurs
Module 12 – Computation of Gross Profit have been the source of employment in the
Module 13– Business Implementation economy. Entrepreneurs who are willing to
Module 14 – Bookkeeping
take risks are responsible for the growth of
Module 15 – Business planning
the economy. Without their persistence and
determination, new business enterprises
would not have existed and our economy
would have stood still.
INTRODUCTION TO ENTREPRENEURSHIP
 Entrepreneurship transforming ideas
Entrepreneurship is designed for Grades 11
into economic opportunities is the
and 12 Senior High School based on the
index of entrepreneurship.
Department of education’s K to 12 Basic Education
Curriculum. It introduces the learners to key
concepts and underlying principles of Entrepreneurs are the keen observer
Entrepreneurship while understanding and of what is happening in your environment.
developing the core competencies required to an There and then you can formulate what
entrepreneur. business you can later on engage in.

It also seeks to uncover the innate  Entrepreneurship is the capacity for

entrepreneurial abilities of the learners and hone innovation, investment and creation
their skills and good judgement in finding and expansion in new markets,
opportunities amidst crises and turn them into products and techniques.
profitable entrepreneurial ventures.
It has an extra ordinary feature
This course presents key entrepreneurial
which is the creation of something new or
concepts that learners can easily follow and
possibly apply at home or in the community. In something unique. It is also a new way of
school, and practically everywhere they go. Aided making something out of something that
with the appropriate tools and techniques, learners already exists thus, creating new markets.
 undertake risks to create a new enterprise.
 Entrepreneurship empowers citizens, An enterprise is created by an entrepreneur. The
generates innovation and changes process of creation is called “entrepreneurship”
mindsets. (www.yourarticlelibrary.com).
These changes have the potential to
integrate developing countries into the
global economy. An entrepreneurship is…

 a creative initiative of setting up business to

 Entrepreneurship is an important meet the needs of consumers in the hope of
factor in economic development. getting profit from it. This creative initiative
This means that a country or society may be in the form of a new product, a
with a lot of entrepreneurs would tend to be modification to an existing product, an
a productive community and thus produce innovation in the business process.
wealth and spur economic development.
 one of the resources economists categorize
LEARNING OBJECTIVES as integral to production; the three
resources are land/natural resources, labor
After reading this lesson, the learners should be and capital.
able to:  Land – It includes all natural
1. explain the concept of entrepreneurship; resources
2. discuss the relevance of the course;
 Labor- It refers to the physical and
mental talents to produce goods and
Difference between entrepreneurship and
services.
entrepreneurs
 Capital- man-made or manufactured
The easiest way to spot the differences resources or also known as capital
between entrepreneur and entrepreneurship. goods used in producing consumer
goods. These include buildings,
 Entrepreneur is a salesperson and
machine, tools, equipment, roads,
entrepreneurship is selling.
highways, bridges and even
 Entrepreneur as a business person and
software. of the business used in
entrepreneurship as the business.
producing consumer goods.
 Entrepreneurs take the idea and execute it
 Entrepreneurial ability- Special skills
while entrepreneurship is about execution
of an individual needed to produce
of ideas
goods and services like managerial
 Entrepreneurship it refers to a particular
and organizational skills.
field of practice or process as compared to
an entrepreneur which is a person
 the act of creating a business or businesses
practicing entrepreneurship.
while building and scaling it to generate a
 Comparatively, the relationship is like that
profit.
of a manager and the management in
 An important driver of economic
which a manager is a person who practice
growth and innovation.
correctly the concept of management.
 What people do to take their career
and dreams into their hands and
DEFINE ENTREPRENEURSHIP AND lead it in the direction of their own
ENTREPRENEUR choice.
 About building a life on your own
The word “entrepreneur” is derived from the terms. No bosses. No restricting
French verb enterprendre, which means „to schedules. And no one holds you
undertake‟. This refers to those who “undertake” back.
the risk of new enterprises. Thus, an
entrepreneur is a person who is willing to
An Entrepreneur is… When entrepreneurs engage in a new
business, it stimulates curiosity for other to
 a person who sets up a business with the venture in the business because of the
aim to make a profit and creates a new benefits it offers.
business, bearing most of the risks and
enjoying most of the rewards. An innovator, 6. Improves the quality of life. The new
a source of new ideas, goods, services, and products and services developed by the
business/or procedures. Playing a key role entrepreneur contribute to the increase of
in any economy, using the skills and personal benefit and convenience of people
initiative necessary to anticipate needs and in society.
bring good new ideas to market
7. Serves as role model. Entrepreneurs are
 refers to a person who has identified a need individuals to be emulated by younger
and has an innovative business idea to fill generations in the community and society.
that void. Entrepreneurs are willing to take
on the many risks of implementing their 8. Bring social benefit to the people.
idea, and also take on the role as leader of Entrepreneurs pay taxes for every product
their company or organization. They assume or
full responsibility for the execution, success, services sold in the market.
or failure of the business.
9. Utilizes and mobilizes indigenous
resources. Small and medium enterprise
IMPORTANCE ENTREPRENEURSHIP AND will always look for cheaper and local
ENTREPRENEURS materials to supply their needs.

The importance of entrepreneurships and 10. Provides more alternatives for

entrepreneurs cannot be denied, they play an consumers. The rigid competition in the
essential role in economic growth and standard of marketplace for quality and cheaper
living in the country. Below are list of relevance of products and services requires the
entrepreneurship and entrepreneur in economic entrepreneur to come up with more
development of a country. products and services consumers can
choose from.
1. Creates employment. When
entrepreneurs put up their businesses, they
will hire or employ individuals who will be RELEVANCE OF ENTREPRENEURSHIP TO SHS
an asset to the business because of their STUDENTS
relevant competencies and personal values
aligned to the needed requirements of the 1. To prepare students for livelihood even
enterprise. before college.
2. Entrepreneurship education aids students
2. Develops new market. Entrepreneurs are from all socioeconomic backgrounds to
opportunity-seekers, creative, and think outside the box and nurture
resourceful. unconventional talents and skills.
3. Entrepreneurship develops their initiative
3. Introduces innovation. Entrepreneurs and helps them to be more creative and
innovate. Innovation can be something self-confident in whatever they undertake
ordinary or technological or break through. and to act in a socially responsible way.
4. It exposes students to numerous
4. Generates new materials. Entrepreneurs opportunities to learn how to think critically
are always in constant search for better and analyze the pieces on the board.
and cheaper sources of materials they need. 5. Being aware of all the important factors and
seeing how they affect each other is the
5. Stimulates investment interest in the foundation of a smart decision-making
new business ventures being created. process.
 6. Students have to be exposed to real-world
examples and learn from their own
experience.
7. Entrepreneurship education requires
students to be innovative, creative and
collaborative with others.
8. Entrepreneurship education provides
budding entrepreneurs with the skills and
knowledge to come up with business ideas
and develop their own ventures.

FEW OF THE REASONS WHY PEOPLE BECOME

ENTREPRENEURS:

1. You will not have to look for a job.

2. You will not have any boss.
3. You own your time.
4. Unlimited income.
5. You will be a modern hero.
6. You can easily be looked upon as a
leader in your community.