K-W-L CHART

WHAT IS ENTREPRENEUR?

WHAT I KNOW WHAT I WANT TO KNOW WHAT I HAVE LEARNED

 All around us are businesses run by groups or individuals
called . Whether they run a small business like a
sari-sari store or a big one like a computer and software company,
they are considered entrepreneurs.

1. Have you ever dreamed of becoming an entrepreneur?

2. Do you have what it takes to become one?
3. What are the personal characteristics and traits of successful
businessmen?

This lesson will present the different types of entrepreneurs.

It will discuss the important values and traits a person must possess
in order to thrive in the business industry. In addition, it will give
you ideas on how to start a business. The most basic knowledge and
skills that you need in order to come up with a marketable product
will be discussed to help you get started with a small business in
school or within the community.
 According to the Merriam-Webster
dictionary, an is “a person who
starts a business and is willing to risk loss in order
to make money.” He or she “organizes, manages,
and assumes the risks of a business or enterprise.”
This means an entrepreneur is someone who is
willing to put up the capital needed to set up a
business fully aware of the risks involved. It is he or
she who plans, organizes, and manages the
business, hires the people to help run it, and
ensures that the product or service being offered is
sold at a reasonable profit in order to earn.
 Displays hardwork and perseverance in the
face of challenges; utilizes skills to diligently carry
out tasks or make goods.
 Has the ability to envision future needs or
demands and create new opportunities, products,
and services to meet these demands.
 Does not engage in deceptive or fraudulent
acts; displays sincerity at all times.
Does not easily give up or let go.
 Understands the feelings, concerns, and
needs not only of his or her customers but also his
or her workers.
Is always available to provide assistance.
 Conducts business fairly and cultivates a
culture of righteousness.
 Is able to adapt to any change yet remain
logical and organized.
Feels or shows certainty, as of success.
 Is a careful planner; sets long-term goals and
plans and executes a well-thought of strategy in
order to achieve them.
 Acts immediately on new ideas, insights, and
opportunities; always in step with changes in one’s
environment and applying them to one’s business;
does not engage in procrastination and other
unproductive work habitsm.
 Is never wasteful and always ensures that all
resources are used wisely and every bit of raw
material does not go to waste.
 Is a go-getter and an achiever; acting on a
dream, vision, and plan, no matter how hard it may
seem at first.
 Is well-trained and possesses information and
understanding of concepts necessary to run a
business venture.
 Strives for excellence and perfection to
exceed customer satisfaction.
 Takes calculated risks and knows how to
match opportunities with market realities; takes
on risks anticipating business profitability and
chances of success.
 This type of entrepreneur offers products and
services with the overall intention of creating
social good. The profit is often reinvested into the
business venture rather than being distributed to
the shareholders.

Mark Zuckerberg Bill Gates

Steve Jobs
 This type of entrepreneur sets up businesses
and brings them to a stage of development from
where they can move on to the next project either
by selling or handing over the business to a
successor or group of successors while retaining
some degree of investment.

Jack Dorsey: Twitter, Square

 This type would choose a business that
would reflect their passion. Focus is on doing
something one loves rather than pursuing profit.
The business venture often springs from a hobby,
favorite sport, or family activity.
 This type operates alone and manages all
aspects of the business. Today, this is made
possible with the use of ICT tools which make
multitasking easier.
Henry
Sy
Tony Tan
Caktiong

John Gokongwei Jr.

 Starting your own business entails serious
hardwork. It involves, among others, such activities as
research, planning, testing, developing, marketing, and
the like.
1. What type of business do you want to get into? A
business involves selling a product or service or both. A
is something that is manufactured following a
process, or grown and nurtured in order to be sold for a
profit. A is a facility supplying a public or market
demand.
Some examples are hair salons offering hair care
and hair styling services; bus companies, offering
transport services; and spas and wellness centers offering
massages, skin care treatments, and the
like.
 2. In deciding what type of business to get
into, it might be good to start with a hobby or
interest. It is easier to work on something that you
are already passionate about. You can produce
something that you can offer or sell to your friends
and schoolmates. School fairs are a good
opportunity to sell.
Among the products that are always in
demand are food items. Start small before you
think of producing bigger quantities. You also have
to practice your skills in food preparation and
cooking. In addition, you also have to observe
safety practices in handling, preparing, and serving
food items.
 3. Whatever you decide on, you have t
remember to keep your costs down whil
maintaining the quality of your product. Make sur
to canvass and find out where you can source you
materials and supplies in the best price available.
you decide to produce and sell food items, purchas
your ingredients in a store or market that sells fres
produce.
 4. Lastly, remember that the way a product
is presented to the customer affects its
saleability. Food items, in particular, must not
only be attractively packaged but more
importantly, they should be protected from
contaminants and spoilage. Like other expense
items, packaging must be of good quality but
also cost effective.
 This is the traditional transactional
relationship between the buyer and seller. Here,
the buyer works by persistently asking for every
possible discount and deal from the seller.

This involves constant monitoring of

relationship (on attitudes and potentials) between
the two which develops distrust and may
eventually end in just a short-length contract.
 This is the highest level of relationship where
both buyer and seller engage in a true business
partnership because both matched with each
other's "vision and values". Both parties
understand each other's needs and work closely
together to achieve their respective goals.
1. to make or assemble something,
which is called a good or product
that others are willing to buy; or

2. to do work, which is called service

that others are willing to pay you
to do.
 In doing so, you need to consider
the following:
• what you enjoy doing,
• what you do well,
• what people needs, and
• what people are willing to buy at a
profitable and reasonable price.
 Make a sketch of the product you have in
mind. Your sketch does not necessarily be an
accurate one. You may describe it in words instead
if you cannot draw it. Make sure that your product
is different from the rest. You must create your own
identity..
 Unleash your creativity by choosing the right
materials for your product. Consider the availability
and cost when selecting the materials.
 Create first the initial version of the product.
You may look for other person/s to assist you. You
may opt to create a prototype of the product if
possible or you may go directly to the creation of
the first version using the real materials. Don't
forget to document everything as you will be
creating more of it in the future..
 Have a good look with your product. You may
also ask suggestions from relatives and friends for
improvements. Make the necessary adjustments on
the design then document the changes. After
which, go back to step 3. Continue with the
adjustments until you are satisfied with the quality
of your product.
 Compute for the costs incurred in making the
product. You may also include miscellaneous cost
and creativity fee for the effort exerted. The sum of
all the costs determines the wholesale price of your
product. You may double this amount to get the
retail price of your product.
 Promote your product either by using printed
materials or online. On either way, make sure you
use high-quality pictures of your product. You may
also promote your product during programs or
gatherings in your school or community where
there are more target customers.
 Form 5 groups. Talk about your common
interests and hobbies. After which, answer the
following questions:
1. What do your group enjoy doing?
2. What do each of you do well on that particular
work?
3. What business can you create out of the things
that you enjoy doing? Name at least three.
4. Do you think people need the product or
service that these businesses offer?
5. Do you think people are willing to buy these
products or services?
Ingredients:
about 15 pieces of banana saba type
bamboo bbq sticks
half a kilo of brown sugar
half a liter of cooking oil

Procedure:
1. Peel your bananas.
2. Heat your deep frying pan with half a liter of oil. Once the oil becomes very very hot,
put gently all your bananas (it depends on the size of your frying pan).
3. Cook your bananas by mixing them constantly, after about three to five minutes add
your brown sugar. It will melt and caramelize.
4. Continue mixing gently the caramel and the bananas.
5. If you wish a caramel well melted on your bananas, you can continue cooking this for
about five more minutes. Or should you prefer a crunchy sugar coating on your
bananas, you should immediately cut the fire.
6. Take them off one by one and let the oil drip. Skew them on your bamboo sticks, 1
banana per stick.
Prep Time: 10 Minutes

INGREDIENTS

1 1/8 cup MY San Grahams Chocolate, crushed

4 Tablespoons chocolate (Milo)
1/3 cup butter or margarine, melted
1/2 cup chocolate
1/4 cup toasted peanuts, coarsely chopped
3 Tablespoons sugar

Procedure:
1. MIX melted butter or margarine, crushed MY San Grahams chocolate, peanuts, and
sugar. Stir in chocolate syrup and continue mixing until all ingredients are well
incorporated.

2. POUR mixture into a pan and chill for 30 minutes until firm. Slice and serve.