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Lecture Notes - Entrep - Q3 - Week1

The document discusses the importance and role of entrepreneurship in the Philippine educational system and economy. It was implemented in senior high school to equip students with skills for higher education, employment, and entrepreneurship. Entrepreneurship is seen as key to economic growth, stimulating the economy, and providing opportunities. It discusses the traits of successful entrepreneurs, such as creativity and passion. It also outlines career opportunities for those with entrepreneurship skills and the importance of identifying problems to find solutions to through business plans.

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Renz Aliento
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28 views

Lecture Notes - Entrep - Q3 - Week1

The document discusses the importance and role of entrepreneurship in the Philippine educational system and economy. It was implemented in senior high school to equip students with skills for higher education, employment, and entrepreneurship. Entrepreneurship is seen as key to economic growth, stimulating the economy, and providing opportunities. It discusses the traits of successful entrepreneurs, such as creativity and passion. It also outlines career opportunities for those with entrepreneurship skills and the importance of identifying problems to find solutions to through business plans.

Uploaded by

Renz Aliento
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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QUEZON NATIONAL HIGH SCHOOL

Senior High School


Iyam, Lucena City

ENTREPRENEURSHIP
Quarter 3 - Week 1

Why is Senior High School being implemented in the Philippine educational system?

To equip learners with the necessary skills, knowledge, and values needed for a successful
future in the fields of:
➢ Higher Education (College)
➢ Employment
➢ Entrepreneurship

IMPORTANCE OF ENTREPRENEURSHIP
Entrepreneurship teaches us to…
➢ create opportunity
➢ ensure social justice
➢ instill confidence
➢ stimulates the economy
➢ take risks
➢ fail and to persevere
➢ become creative, inventive and innovative

Entrepreneurship is a key driver of our economy


➢ The 1987 Philippine Constitution recognizes entrepreneurship as an engine of economic growth.
➢ Article XII Section 1 highlights the role of private enterprises in supporting equitable distribution
of income and wealth, sustaining production of goods and services and expanding productivity,
therefore raising the quality of life.

Entrepreneurship is more than just an economic term — it is a way of thinking.


➢ People exposed to entrepreneurship frequently express that they have more opportunity to
exercise creative freedoms, higher self- esteem, and an overall greater sense of control
over their own lives.
➢ Entrepreneurship is a way of inspiring creative individuals to pursue opportunities despite its
risks.

What Makes Someone an Entrepreneur?


Personal Attributes are as follows:
➢ Creativity is the spark that drives the development of new products or services or ways to do
business. It is the push for innovation and improvement.
➢ Dedication is what motivates the entrepreneur to work hard. Planning of ideas must be joined by
hard work to succeed.
➢ Determination is the extremely strong desire to achieve success. It includes persistence and the
ability to bounce back after rough times.
➢ Flexibility is the ability to move quickly in response to changing market needs. It is being true to
a dream while also being mindful of market realities. •
➢ Leadership is the ability to create rules and to set goals.
➢ Passion is what entrepreneurs started and keeps them there.
➢ Self-confidence comes from thorough planning, which reduces uncertainty and the level of risk.
➢ “Smart” consists of common sense joined with knowledge or experience in a related business or
endeavor.

Why should becoming an ENTREPRENEUR any different?

➢ Required Education
o educational requirements for entrepreneurs are nonspecific
o all entrepreneurs need capital, so the ability to write an effective business plan is vital
➢ Required Skills
o tolerance for risk taking and a willingness to leave the security of a conventional and
tedious job
o the ability to multitask is a key
➢ Career Outlook
o earnings for entrepreneurs vary drastically, and income is often unstable, especially in
the early days of a new business

CAREER OPPORTUNITIES
➢ Business consultant
o Business consultants provide advice about business issues, such as the development
and implementation of business plans, how to streamline operations or how to expand
into a new market.
➢ Management analysts
o The person who evaluates a business' systems, procedures and operations, they may
also review a business' financial matters, such as the ratio of income to expenditures.
➢ Sales
o Someone who works in sales or runs the department needs to know how businesses run.
They need to know how to represent a company, manage accounts, and follow up on
leads.
➢ Research and development
o To work in R&D, you need to understand business concepts, procedures, and practices.
With all of the training and education someone has received learning about
entrepreneurship; they are well prepared for this type of position.
➢ Not-for-profit fundraiser
o Being able to raise funds requires understanding the importance of business and
networking relationships. It is a great place for someone with this type of degree because
you will have experience in studying advanced concepts that can be used to your
advantage on the job.
➢ Intrapreneur
o An intrapreneur is an inside entrepreneur, or an entrepreneur within a large firm, who
uses entrepreneurial skills without incurring the risks associated with those activities.

Identifying the problem of the community


➢ One of the most common mistakes in entrepreneurship is creating a solution before identifying
the problem.
➢ If you really want to obtain success, the first thing you need to do is find the problem to solve.
➢ The problem serves as the foundation for your company.
➢ After identifying the PROBLEM……. PLAN is needed to be able to come up with a great
SOLUTION.

WHAT IS A BUSINESS PLAN FOR?


➢ Entrepreneurs who plan to enter any business endeavor must have a business plan on hand to
guide them throughout the process.
➢ Many new enterprises need to convince prospective business investors about the soundness
and potential of their business.
➢ They need to convey the capabilities and competencies of their owners and managers.
➢ They must also be able to ‘sell’ the proponent and the business proposition to this audience.

Business Plan Caters The:


1. Entrepreneurs who must set a navigational course.
2. It serves investors and cautious financiers.
3. Managers and Staff of the organization so that they will know the strategies and programs of the
enterprise.

Classification of Business Plans


1. Startup - Business plans that are written during the first few years of the enterprise in order to
guide the entrepreneur on which strategies would be most beneficial for the enterprise to take.
2. Existing - Business plans that are focused on bringing the enterprise to a higher level of growth,
a period where the enterprise has already reached its peak and would want to enter into another
endeavor by recreating and re-establishing itself.

Business Plan Format A


1. Introduction
A. The Business Concept and the Business Model
B. The Business Goals: Vision, Mission, Objectives, and Performance Targets
C. The Business Offering and Justification
II. Executive Summary
III. Business Proponents: Organizers with their Capabilities and Contributions
IV. The Target Customers and the Main Value Proposition to the Customer
V. The Market, Market Justification based on the Industry Dynamics and the Macro Environmental
Factors Affecting the Opportunities and Threats in the Market, the Size, Potential and Realistic Share
of the Market
VI. The Product and Service Offerings
VII. The Enterprise Strategy and Enterprise Delivery Systems: Business Competitiveness
VIII. The Financial Forecasts and Expected Returns, Risks, and Contingencies
IX. Environmental and Regulatory Compliance
X. The Capital Structure and Financial Offering: Returns and Benefits to Investors, Financiers, and
Business Partners

Business Plan Format B


I. Business Summary
II. Business History and Industry Outlook
III. Product/Service
IV. Market Examination
V. Competition
VI. Marketing
VII. Operations
VIII. Administration and Management
IX. Financial Information
X. Appendices
Written Activity 1: MY IDEAS ABOUT ENTREPRENEURSHIP. In your own understanding, what
does ENTREPRENEURSHIP means to you?

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

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WHO ARE ENTREPRENEURS? List down 5 well-known entrepreneurs in your city or municipality.

Name of Entrepreneur What they did? Who benefited?

Written Activity 2: ENTREPRENEUR MIND. What do you think it means to be an entrepreneur?


What do you think are the characteristics of an entrepreneur? Make a mind map of your ideas.

ENTREPRENEUR

Reflection Activity:
1. How do you think being an entrepreneur affects a person’s life?
2. Have these lessons made you think differently about entrepreneurs? How so?
3. Before this class, had you thought about becoming an entrepreneur? What about now?

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