What’s More
Direction: Find out if you have the qualities of an entrepreneur. Put a check mark on the box.
Qualities
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YES
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NO
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Risk Taker
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Communicator
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Leader
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Opportunity Seeker
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Proactive
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Innovator
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Decisive
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Interpretation: If you have more YES than NO, you have the qualities of an entrepreneur.
Generalization
_ are people who take the risk, they are innovators and contributors to the development of the .
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What I Can Do
Activity 3 Interview the Known
Choose three successful entrepreneurs in your community or nearby places and conduct an interview using the guide questions below. Discuss the result of your interview to your teacher.
What motivated you to become an entrepreneur?
What do you think are your characteristics and competencies that made you a successful entrepreneur
What do you think of being employed? Why didn’t you choose that path?
LEARNING ACTIVITY SHEET
Assessment
Now, that you are finished accomplishing the module, let us check what you have learned. Answer the questions given below by encircling the letter of the correct answer.
The entrepreneurs who create new ideas are called?
Innovative
Imitating
Fabian
Drone
The entrepreneur who lives on the labor of others is called?
Drone
Fabian
Imitating
Innovative
These are entrepreneurs who are to follow the path shown by innovative entrepreneur.
Innovative
Imitating
Social Entrepreneurs
Fabian
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Which of the following is NOT a function of an entrepreneur?
Skills management
Risk taking
Conduct research
Make no changes with his product
Entrepreneur means:
Risk taker
To undertake
To research
To improve standard of living
It is a personality factor which means “doing things even before being told”
proactive
perseverance
persuasion
initiative
It is a personality factor which means convincing customers to buy the product
Proactive
Persuasion
Self-confidence
Risk taker
Which of the choices is NOT part of the environmental factors?
Political
Weather condition
climate
family background of the manager
All except one does NOT belong to the group?
Unfair trade practices
Strikes
Political protest
Product
The entrepreneur who is skeptical about the changes in the company is called?
Fabian
Social entrepreneur
Which is NOT a career for an entrepreneur?
Business consultant
Sales
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c. Drone
Imitating
Research and Development
Domestic Helper
They are entrepreneurs who drive social innovation and transformation in various fields.
drone
Social entrepreneur
Which of the statements below is true?
Fabian
Imitating
Entrepreneur has limited career opportunities
Entrepreneurs are prone to constant high income
Entrepreneurs are contributor to the development of the society
Entrepreneurs are the reasons for unemployment problem
Which of the statement is NOT true?
An entrepreneur will patiently wait for his efforts to bear fruit.
The profit of the entrepreneur is immediate.
All entrepreneurs are successful
Entrepreneurs are researchers
Which of the following is NOT true?
Entrepreneurship create organizations
Improves the life of the entrepreneur alone
Entrepreneurs improves the economy
None of the choices
Additional Activities
Activity 4 Research Me
Research on the life story of at least three (3) entrepreneurs in your locality; identify how they started their business. Ask how much their start-up capital.
10
Lesson 2
What I Need to Know
Welcome to the second lesson of entrepreneurship. This lesson will allow you to learn independently the knowledge and skills in recognizing a potential market. It will guide you to identify the market problems to be solved or the market needs to be met; and let you propose solution/s in terms of product/s and service/s that will match the need using techniques on seeking, screening, and seizing opportunities. Also in this module we are going to identify the market problem and propose solutions with regards to products and services, to continue discover the ideal buiness you are going to offer to your community. Basically, in return to your hard time of selling your product you can generate profit.
In this lesson , you will know the following:
Associate the market problem to be solved or the market need to be met;
Look solution/s in terms of product/s and service/s that will meet the need using techniques on seeking, screening, and seizing opportunities:
Break down the market need;
Detect the possible product/s or service/s that will meet the need of your locality.
Screen the proposed solution/s based on viability, profitability, and customer need in developing a Business Plan.
Choose the best product or service that will meet the market need.
This is your guidelines on how to develop a Business Plan. By identifying and appealing to particular group of consumers you need to check on the possible product needed in your locality.
Business industries offers products and services. The activity of making, buying, or selling goods or providing services in exchange of money is called business. Product is something that is made or grown to be sold or use, or something that is result of a process. Services are those intangible products where there is a skill involve and has a value.
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After completing this module, you need to:
Learn and understand the sources of opportunities for business.
Determine the essentials in the entrepreneur’s opportunity seeking
Identify market problems and propose potential products or services that will meet the market needs.
Know the problem in which a business opportunity arises from.
Identify, screen and proposed solution to meet the problem
Select the best product or service that will meet the market’s need with a consideration of generating profit.
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