DAILY LESSON LOG School

Teacher
LARAP NATIONAL HIGH SCHOOL
CRIZALDY B VALEROS
Grade Level
Learning Area
11/12
ENTREPRENEURSHIP
Department of Education Teaching Dates and
WEEK 4 Quarter QUARTER 2
Time
Session 1: Session 2: Session 3: Session 4:
I. OBJECTIVES
A. Content Standards

B. Performance Standards
Forecast the costs to be incurred.

a. Understand various cost types incurred by startups.

C. Learning b. Use financial forecasting techniques to project costs.
Competencies/Objectives
c. Identify cost-saving opportunities for the venture.
d. Monitor and adjust costs to ensure financial sustainability.

II. CONTENT COST FORECASTING

III. LEARNING RESOURCES
A. References
1. TG’s Pages
2. LM’s Pages
3. Textbook’s Pages
B. Other Resources
IV. PROCEDURES
In the previous lesson, we In the previous lesson, we talked
learned about the different types about forecasting costs for a Ask the students to share their
1. Reviewing previous lesson Ask the students to share their of costs that startups may incur. new venture. Today, we will experiences in managing their
or presenting the new insights from the previous lesson Today, we will focus on how to continue with the same topic personal finances or if they have
lesson about forecasting revenues. use financial forecasting and learn about identifying cost- any knowledge about financial
techniques to project these saving opportunities for the management in a business.
costs. business.
2. Establishing the purpose of Introduce the objective of the The purpose of this lesson is to The purpose of this lesson is to a. Introduce the topic: Forecast
the lesson lesson: to understand the enable students to forecast the teach students how to identify the costs to be incurred, with
different types of costs that costs to be incurred in their cost-saving opportunities for a a focus on the importance of
startups incur and how to startup using financial new venture. monitoring and adjusting
forecast them. forecasting techniques. By the costs to ensure financial
end of the lesson, students sustainability.
should be able to use financial b. Explain that financial
tools to project the costs that sustainability is crucial in
their startup may incur. ensuring the survival and
growth of a business, and
that monitoring and
 adjusting costs is an
essential aspect of financial
management.
a. Provide examples of
a. Show a slide presentation or a. Example 1: Purchasing raw
businesses that failed due to
video that explains the materials in bulk can reduce
poor financial management
different types of costs that We will present examples of the cost per unit and
and inability to adjust costs
startups incur, such as fixed startups that have used financial increase the profit margin.
to changing market
3. Presenting costs, variable costs, direct forecasting techniques to project b. Example 2: Reducing energy
conditions.
examples/instances of the costs, indirect costs, and their costs. We will also use a consumption by using
b. Discuss examples of
new lesson opportunity costs. hypothetical startup to energy-efficient equipment
successful businesses that
b. Provide real-life examples of demonstrate how to forecast or turning off lights and
were able to maintain
each cost type and how they costs. appliances when not in use
financial sustainability by
affect the startup's can significantly lower utility
monitoring and adjusting
profitability. bills.
costs.
a. Introduction to financial
forecasting techniques
 Define financial
forecasting
 Explain why financial a. Define cost-saving
forecasting is important opportunities: Explain what
in business cost-saving opportunities
a. Define the concept of
a. Facilitate a class discussion b. Forecasting techniques mean and how they can be
financial sustainability and
on the importance of  Discuss the different beneficial for a new venture.
explain why it is important
forecasting costs in a startup. techniques for financial b. Discuss the importance of
for a business.
b. Explain the methods of forecasting (e.g., trend cost-saving opportunities:
b. Introduce the concept of cost
forecasting costs, such as analysis, regression Explain why identifying cost-
monitoring and adjustment,
4. Discussing new concepts historical data analysis, analysis, cost-volume- saving opportunities is
and explain how it relates to
and practicing new skills industry benchmarks, and profit analysis, scenario essential for a new venture's
financial sustainability.
#1 expert opinions. analysis, sensitivity long-term success.
c. Discuss the different
c. Provide a case study of a analysis) c. Discuss various cost-saving
methods of cost monitoring
startup and ask the students c. Cost forecasting opportunities: Explain
and adjustment, such as
to identify the different cost  Explain how to project different ways businesses
cost-benefit analysis,
types and forecast their different types of costs can save costs, such as
budgeting, and financial ratio
costs. (e.g., fixed costs, variable reducing overhead expenses,
analysis.
costs, operating costs, optimizing production
capital costs) processes, and leveraging
d. Practice exercise technology.
 Students will use a
financial forecasting tool
to project the costs that
their startup may incur.
a. Introduce the concept of a. Using a financial forecasting a. Group discussion: Divide the a. Practice forecasting costs
5. Discussing new concepts
break-even analysis and tool class into groups and assign using a sample budget and
and practicing new skills
explain how it can help a  Provide a demonstration each group a specific financial projections.
#2
startup determine the on how to use a financial industry. Ask them to b. Discuss different ways to
 forecasting tool
b. Cost projection
brainstorm ways that
 Using a hypothetical
minimum revenue it needs to businesses in that industry adjust costs, such as
startup, students will
cover its costs. can save costs. reducing expenses,
practice projecting the
b. Provide an exercise wherein b. Presentation: Each group increasing revenue, and
costs that their startup
the students will compute the presents their ideas to the changing pricing strategies.
may incur using the
break-even point of a startup class, and the class can c. Discuss the importance of
financial forecasting tool.
given its cost structure and discuss the feasibility and regular review and
c. Review and feedback
pricing strategy. effectiveness of each cost- adjustment of costs.
 Review the projected
saving opportunity.
costs with the students
and provide feedback.
a. Cost-Saving Game: Divide
the class into groups and
a. Divide the students into provide each group with a a. Provide a case study of a
groups and ask them to budget to start a new business that struggled with
In groups, students will work on
create a cost forecast for a venture. Ask them to make financial sustainability due to
creating a business plan for a
hypothetical startup that choices about expenses and poor cost management and
new startup. They will then use
they will present to the class. identify cost-saving have the students identify
the financial forecasting tool to
6. Developing Mastery b. Provide a template that they opportunities throughout the opportunities for cost-saving
project the costs that their
can use to list down the game. and adjustment.
startup may incur. Each group
different cost types and their b. Class discussion: After the b. Have the students create a
will present their business plan
corresponding amounts. game, the class can discuss cost-monitoring and
and projected costs to the class.
c. Monitor their progress and which groups had the most adjustment plan for a
provide guidance as needed. significant cost savings and hypothetical business.
what strategies were used to
achieve those savings.
a. Ask the students to think of a
personal project or endeavor Students will be able to apply Students can apply the Discuss how the concepts and
where they can apply the the financial forecasting knowledge they gain in this skills learned in class can be
7. Finding practical
concepts and skills they techniques they learned in this lesson to their personal lives by applied to personal finance
applications of concepts
learned in forecasting costs. lesson to their personal finances, identifying cost-saving management, such as budgeting
and skills in daily living
b. Guide them in identifying the such as projecting future opportunities in their household and identifying cost-saving
different cost types and how expenses and creating a budget. expenses. opportunities.
they can estimate their costs.
Students will be able to a. Discuss the importance of
recognize the importance of ongoing financial
Facilitate a class discussion on Students will understand that
financial forecasting in business management and how it can
the importance of cost identifying cost-saving
8. Generalizing and and understand the different impact the success of a
forecasting in entrepreneurship opportunities is crucial for any
abstractions about the techniques used in financial business.
and its relevance in other business, and it requires
lesson forecasting. They will also be b. Emphasize the need for
aspects of life, such as budgeting creativity, innovation, and
able to project the costs that flexibility and adaptability in
and financial planning. strategic thinking.
their startup may incur using adjusting costs to changing
financial forecasting tools. market conditions.
9. Evaluating Learning Evaluation will be based on the Evaluate student understanding
accuracy of the projected costs through a group discussion or
 and the clarity of the
presentation of the business individual assessment.
plan.
a. Ask students to research and
a. Ask the students to research
present case studies of
a startup and analyze its cost
successful businesses that
structure and forecasting
have implemented cost-
10. Additional Activities for methods.
saving strategies.
Application or Remediation b. Provide remedial activities for
b. Ask students to develop a
students who need further
plan to reduce expenses for
reinforcement of the
an existing business in their
concepts and skills learned.
community.

V. REFLECTION

A. No. of learners who earned

80% in the evaluation.
B. No. of learners who require
additional activities for
remediation who scored
below 80%.
C. Did the remedial lessons
work? No. of learners who
have caught up with the
lesson.
D. No. of learners who
continue to require
remediation.
E. Which of my teaching
strategies worked well?
Why did this work?
F. What difficulties did I
encounter which my
principal or supervisor can
help me solve?
G. What innovation or
localized materials did I
use/discover which I wish
to share with other
teachers?