Week 2 Entrep. PDF - Entrepreneurship Overview

Overview of Entrepreneurship Part 2 MODULE 2 Let’s have a Review I am a unique individual who has the innate ability and extraordinary dedication to establish and manage a business, acknowledging all the risks and reaping its rewards. Who am I? What are the four process of thinking of a...

Overview of Entrepreneurship Part 2 MODULE 2 Let’s have a Review I am a unique individual who has the innate ability and extraordinary dedication to establish and manage a business, acknowledging all the risks and reaping its rewards. Who am I? What are the four process of thinking of a True Entrepreneur? According to Action Coach, there 5 levels of entrepreneurial development, state all five. What are the core competencies of an effective Entrepreneur?  LEARNING OBJECTIVES Upon successful completion of this module, you will be able to: I can explore job opportunities for Entrepreneurship as a career; I can identify the market problem to be solved or the market need to be met; I can be a good problem solver and critical thinker.  Careers in Entrepreneurship “When you love what you do, it’s as if you are not working.” - Entrepreneurs  Most Common Small Businesses in the Philippines 1. Sari – sari store 11. Hair styling and make up business 2. Rice retailing 12. Spa, gym, and nail care business 3. Food cart business 13. Video and photography business 4. Printing business 14. Tutorial business 5. Buy and sell business 15. Baking business 6. Street food business 16. Web site development and design/ 7. Flea market business or tiangge blogging 8. Online selling business 17. Direct selling business 9. Cellphone loading business 18. Car wash and car care business 10.Laundry and dry-cleaning 19. Bar, cafe, and restaurant business 20. Water station and LPG station  Most Common Small Businesses in the Philippines Sari-sari Store – situated in almost neighborhoods; it is one of the easiest businesses to set up due to the minimal capital required; manage at home. Rice Retailing – very common business in the country. Food Cart Business – usually located inside or outside the malls, schools, parks, train stations and offices; usually under franchising arrangement.  Most Common Small Businesses in the Philippines Printing Business – lucrative in our country (high demand); usually situated near schools and offices. Buy and Sell Business – one of the emerging business not just in brick-and-mortar stores but also over the internet; most efficient and practical way. Hair styling and make up Business – one of the successful business in our country (parlors and barber shops); Filipinos are conscious about proper grooming and hygiene.  Most Common Small Businesses in the Philippines Street Business – literally located in streets, selling almost the same food products being sold by the food cart business. Flea market or Tiangge– entrepreneurs set up a small space and sell any type of goods normally in an open space; customers can bargain the price. Online Business – deals with adding the internet as a marketing and transaction channel for selling.  Most Common Small Businesses in the Philippines Cellphone Loading Business – 80% of Filipino households have access to mobile phones; some link their loading business in sari-sari store, food cart and online business. Laundry and Dry Cleaning Business – located at central business districts and areas with several condominiums and townhouses; near schools, dormitory and apartments.  Most Common Small Businesses in the Philippines Spa, Gym and Nail Care Business – one of the ways Filipinos cope up with stress is by going to spa; gym - becoming health conscious; nail care – manicure and pedicure. Video and Photography Business – requires a talent in capturing precious moments of celebrators; gaining popularity because of social media. Tutorial Business – students who are not able to catch up with their lessons or those just want to ahead in class; consists of experts.  Most Common Small Businesses in the Philippines Baking Business – present in almost all neighborhoods; Pan de sal is the most common bread being offered by this business. Web site development and design/blogging – the objective is to inform, persuade and remind its customers; blogging – writing of personal thoughts (source of income). Direct Selling Business – face-to-face selling of products by sales agent.  Most Common Small Businesses in the Philippines Car wash and Car care Business – often see this business in a large cities because of the proliferation of cars. Bar, Café and restaurant – food enthusiasts has increased because the Filipino palate became globalized. Water and LPG Station– can never go wrong as they continuously serve households, supplying them with their purified water and gas needs. Bring out your A C T I V I T Y T I M E !!! LAS future entrepreneurs! Lesson Title: Let’s Scan our Environment! Learning Target: I can explore job opportunities for Entrepreneurship as a career Entrepreneurship is one of the four exits of senior high school. With the entrepreneurial process given above, think of a possible business venture you can start up within your locality. Directions: Critically analyze the statement given below. Then, write your answer for the following questions. Glory Be to the Father, and to the Son, and to the Holy Spirit. As it was in the beginning, is now, and ever shall be, world without end. AMEN QUIZ #2 TRUE/FALSE Sari-sari store is one of the easiest businesses to set up due to the minimal capital required; manage at home Students who are not able to catch up with their lessons or those just want to ahead in class should enroll in online business. Flea markets or Tiangge is usually located inside or outside the malls, schools, parks, train stations and offices; usually under franchising arrangement TRUE/FALSE Printing business is located at central business districts and areas with several condominiums and townhouses. In street business, vendors are selling almost the same food products being sold by the food cart business. One of the emerging business not just in brick- and-mortar stores but also over the internet is the buy and sell business. Enumeration: List at least four (4) possible characteristics that you think an “ideal entrepreneur” should possess. Contructed Response In one paragraph consisting of 5 -7 You will be graded based sentences, explain your work in on the following criteria: connection with the statement, Content: 4 Points “For an entrepreneur to be Relevance: 3 Points Organization: 3 Points successful, you must know and understand what the market needs and how your proposed business will be able to satisfy those needs”. (10 points) Glory Be to the Father, and to the Son, and to the Holy Spirit. As it was in the beginning, is now, and ever shall be, world without end. AMEN