Entrepreneurship - Module 9: Business Implementation PDF

Document Details

Uploaded by Deleted User

2020

Joel Y. Yacas

Tags

entrepreneurship business plan business implementation business management

Summary

This Entrepreneurship module focuses on the implementation of a business plan, business operations, and record keeping for monitoring progress. It includes true/false questions, a review of profit and costs, a look at government agencies and more.

Full Transcript

# Entrepreneurship - Module 9: Business Implementation ## Module Details - Grade Level: 12 - Quarter: 2 - Module: 9 - First Edition: 2020 ## Module Overview This module covers the following competencies: - Implementing the business plan - Operating the business - Selling the product - Identify...

# Entrepreneurship - Module 9: Business Implementation ## Module Details - Grade Level: 12 - Quarter: 2 - Module: 9 - First Edition: 2020 ## Module Overview This module covers the following competencies: - Implementing the business plan - Operating the business - Selling the product - Identifying reasons for keeping business records The module focuses on the practical implementation of a newly developed business plan and how to operate a business successfully. It emphasizes the importance of record keeping for monitoring progress and measuring performance. ## Copyright Information The content of this module is not copyrighted. However, the use of this module for profit requires prior approval from the Department of Education. ## About the Authors and Developers The module was developed by a team of individuals from the Department of Education. | Role | Name | |---|---| | Author | Joel Y. Yacas | | **Evaluators** | Naneth M. Valdehuesa | | **Illustrator** | Mary Cris A. Maquilan | | **Management Team** | PSSg Edzel M. Dominguez | | **Chairperson** | Dr. Arturo B. Bayocot, CESO III | | **Co-Chairpersons** | Dr. Victor G. De Gracia Jr., CESO V | | **Members** | Mala Epra B. Magnaong | ## Table of Contents - **What I Need to Know** - **What I Know:** **True or False Activity**: A series of 15 statements about business registration, record keeping, etc. - **What's In:** A review of the definition of profit and variable vs fixed costs. - **What's New:** Businesses and services important for entrepreneurs. - **What is It?:** Questions about the importance of the services offered by the businesses mentioned in “What’s New”. - **What's More:** Exploring the history of local businesses. - **What I Have Learned:** A summary of important points from the module. - **What I Can Do:** Evaluation exercise to assess the application of concepts learned. - **Assessment:** 15 multiple-choice questions testing comprehension of the module. - **Additional Activities:** Journal entry of business transactions. - **Answer Key:** Answers for pretest and post-test. - **References:** A list of books and online resources. ## Module Content ### What I Need to Know This module provides guidance on how to put a newly developed business plan into action and achieve success. The main aspects covered are: - Setting up and operating a business - Selling products or services - Keeping business records for monitoring progress and making informed decisions. ### What I Know This section begins with a true/false activity designed to gauge the reader's prior knowledge about business operations. The statements cover topics such as: - Business registration requirements - The role of different government agencies in business operations - The importance of record keeping ### What’s In This section acts as a refresher on key concepts related to profit and business costs, bringing in ideas introduced in previous modules. ### What’s New This section introduces specific government entities and their services relevant to entrepreneurs: - Department of Trade and Industry (DTI) - Securities and Exchange Commission (SEC) - Bureau of Internal Revenue (BIR) - Mayor’s Office - Social Security System (SSS) - Philhealth - Pag-ibig Fund ### What Is It? This is a brief reflection activity that encourages the reader to consider how the services offered by government offices in “What’s New” are beneficial to an entrepreneur. ### What’s More This section encourages readers to investigate the history of "oldest existing businesses" in their community and learn about their origins and strategies for success. ### What I Have Learned This section offers a succinct summary of the key takeaways from the module. ### What I Can Do This section provides a rubric for evaluating the implementation of a business plan. The rubric focuses on three key elements: - **Feasibility:** Whether the business is being operated according to the plan. - **Bookkeeping:** Whether records are being kept accurately. - **Profitability:** Whether the business is achieving its projected financial goals. ### Assessment This section includes a 15-question multiple-choice assessment that tests the reader's grasp of concepts from this module. The questions cover topics such as: - The role of government agencies in business - The importance of record keeping - The steps involved in starting a business ### Additional Activities This section encourages readers to practice their record keeping skills by preparing a journal entry of all their business transactions. ### Answer Key This section provides the correct answers for the pretest and post-test included in the module. ### References This section provides a list of books and online resources related to the topics covered in the module.

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