Concept of Entrepreneurship: Entrpreneurship Module

OUR LADY OF FATIMA ACADEMY OF DAVAO, INC.
ENTRPRENEURSHIP MODULE
CONCEPT OF ENTREPRENEURSHIP
Through this module, you will learn the characteristic traits of successful entrepreneurs. You will
discover that through hard work, resourcefulness and patience, you can achieve economic
prosperity and self-fulfillment.
ADAPTED FROM: HELE FOR LIFE 5

RYAN JAY A. SUPERALES
TEACHER
Learning Competency:
 Explains The importance of Entrepreneurship
 Discuss the different characteristics of an entrepreneur
 Identify the successful entrepreneurs
OUR LADY OF FATIMA ACADEMY OF DAVAO, INC.
Brgy. 24-C, Fatima St., Davao City
S.Y. 2020-2021
Name: ___________________________________ Date: January 18 – 29, 2021

Grade and Section: __________________
Definition of Terms
Entrepreneurship - Entrepreneurship is the process of discovering new ways of

combining resources. When the market value generated by this new combination of
resources is greater than the market value these resources can generate elsewhere
individually or in some other combination, the entrepreneur makes a profit.
Profit - a financial gain, especially the difference between the amount earned and the
amount spent in buying, operating, or producing something.
Concept Review
It is important that at a young age, you learn how to earn money without begging
from others.
In this unit, you will learn the characteristic traits of successful entrepreneurs.
You will discover that through hard work, resourcefulness and patience you can achieve
economic prosperity and self-fulfillment.
LESSON 1
CONCEPT OF ENTREPRENEURSHIP
Entrepreneurship is the task of managing a business profitably. It is the set of business

activities performed by an entrepreneur using available resources effectively and putting
these into ventures that can earn money for the entrepreneur.
Webster Dictionary defines entrepreneur as one who organizes, manages and assumes
the risk of an enterprise or business for the purpose of making profit.
Entrepreneurship is a key ingredient in making the country’s economy progressive since

it creates employment for people. There are other socio-economic benefits from
Entrepreneurship.
1. Develops new Markets
Develops new markets. Entrepreneurs are resourceful and creative thinkers. A

good entrepreneur is friendly and as such that he/she can convince customers to
buy his/her products.
2. Helps discover new sources of raw materials
Entrepreneurs use their imagination to discover new sources of materials and
produce unique products.
3. It mobilizes the use of capital resources and establishes linkages with

people and other agencies for possible financial assistance to be used in the
expansion of the business.
4. It introduces new technologies, new industries and new products
5. Creates employment. The entrepreneurs business creates jobs for others.

Traits that Entrepreneurs should possess to be
successful:
1. Hardworking and goal oriented
- A person should be well-disciplined to set their goals in life. John Lu Koa,
founder of French Baker, followed the advice of his mentor, Henry Sy, founder
of SM group, when he was starting his business and that was to work hard. The
success of his business is attributed to hard work and determination.
John Lu Koa Henry Sy

2. Self – Confidence – You must have utmost confidence and enough faith in
yourself. Look for a business that you like.
3. Courageous – You must have the guts to start a business from scratch.
4. Creative and innovative – Develop your artistic talent and train yourself to think
better. Learn to explore your talents and interest.
5. Responsible – You must strive to do your best and get the job done.
6. Healthy and cheerful – A sunny disposition and being in good and health
promote a positive attitude towards work.
7. Helpful and Cooperative – Being helpful and cooperative creates harmony and
makes work easier.
LESSON 2
SUCCESSFUL ENTREPRENEURS
Successful Entrepreneur Abroad

There are some inspiring stories of successful entrepreneurs abroad.
1. Colonel Sanders –
Founder of Kentucky Fried Chicken (KFC). He pushed to franchise his fried
chicken to restaurants. He practiced hard work and determination before he
found a restaurant owner who wanted to sell his fried chicken.
2. Bill Gates –
The founder of Microsoft and one of the wealthiest person in the world. He was a
student drop – out of Harvard University. He used his talents and started the
Microsoft Company with a friend using hard work and determination.
Successful Filipino Entrepreneurs
Some of the most successful Filipino entrepreneurs started small but worked hard to
grow their business.
From Rags to Richest
1. Henry Sy – Founder of SM Group of Companies
- As a young boy he helped his father run a shoe store. After World War 2
came, he took the opportunity to earn money by buying and selling from
American toy soldiers. He then opened his own shoe store and was
hardworking, self-confident, and persistent in pursuing his goals. He first
named his business Shoe Mart.
2. Tony Tan Caktiong – Founder of Jollibee

- He first ventured into an ice cream franchise business and later offered
sandwiches, fries, and fried chicken. He was persistent, hard-working, and
hands-on in his business. He later called his business Jollibee.
3. Socorro “Coring” Ramos – National Bookstore
- Socorro Ramos entered the publishing and retail industry by working as a
salesgirl at a bookstore. At the age of 19, she opened National Book Store
in Escolta with her husband with a capital of P200, selling books and school
supplies to students. At that time, Manila was under the control of the
Japanese, who imposed censorship on books and periodicals. To augment
their earnings, she and her husband resorted to selling other items like
candles and soaps. In the 1970s, National Book Store became popular by
selling reprinted versions of foreign textbooks for 75% lesser than the
actual price. Parents and students loved the idea of being able to purchase
such books for lower costs.
4. Ricky Reyes –
- Reyes - In his early years, he worked as a floor sweeper in a beauty salon
and acquired skills in pedicure and hair cutting. In 1975, Reyes opened his
first salon in San Juan with a few savings and later opened again three more
shops in Manila. In 1985, Reyes opened the first mall salon at SM North
Edsa. This venture started with his friendship with Henry Sy, known as the
mall tycoon in the country.
Over the years, Reyes did not stop exploring the best technology in beauty
care in his salon. He is friendly with his employees and shares his blessings
with them through his Ricky Reyes Foundation.
5. Mariano Que – Mercury Drug
- P100. That was all Mariano Que had in his pocket after World War II. An
employee of a drugstore prior to the war, Que knew that Filipinos would need
the “miracle” drug sulfathiazole, believed to cure many (if not all) sorts of
diseases and illnesses. He saw an opportunity to help his countrymen by
buying the bottle from a peddler in Bambang St. He then sold these tablets
(which he knew was genuine sulfathiazole thanks to the ‘W’ on the tablets)
per piece to make it more affordable. After making a profit, he was able
purchase other medicines and a pushcart so he can sell his medicines to the
public. He continued selling medicines off of his pushcart until he was able to
save enough to put up the first Mercury Drug store on March 1 along
Bambang St.
Other successful Entrepreneurs in the Philippines

1. Ramon S. Ang – San Miguel Corporation
2. Edgar Sia – Mang Inasal
3. Lucio Tan – Philippine Airlines
4. Jaime Zobel de Ayala – Ayala Corporation
5. Alfredo Yao – Zes – O corporation
6. Dr. Vicki Belo – Belo Medical group
Answer Sheet
Name: ___________________________________ Date: January 18 – 29, 2021
Grade and Section: __________________
Applying Concept
Word Puzzle
Activity 1
Directions: Find and encircle the words in the boxes that describes the word
Entrepreneurship.
M I C A P I T A L R
A O A R C A P I T E
R P S J V R S W N S
K U E C O N O M Y O
E Y M L U X M C O U
R C A P I I O O J R
Y P P O P D N S O C
T T M A R K E T B E
I Q I T W C Y U P S
M A T E R I A L S R
O M O N E L A S R P
S N K I Y L B Y T O
P R O F I T C A S H
1. Market
2. Cost
3. Profit
4. Resources
5. Money
6. Economy
7. Materials
8. Cash
9. Capital
10. Job
Activity 2
A. Direction: Write D on the blank if the item describes a desirable trait of
successful entrepreneurs and U if the trait is undesirable.
_______1. Uses imagination in discovering business undertake
_______ 2. Creative thinker and resourceful
_______ 3. Use people for financial assistance for the business
_______4. Respectful and reliable
_______5. Doesn’t listen to advisers
_______6. Have a healthy competition with others
_______7. A good Entrepreneur always listen to advices
_______8. Opportunity seeker
_______9. Doesn’t follow commands
______10. Irresponsible
B. Direction: Write 5 successful Filipino Entrepreneurs
1.
2.
3.
4.
5.
INTEGRATING
Direction: Write your answer on the space provided.

1. What is the importance of Entrepreneurship in our country?
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
_________________________________________________________________
2. Do you want to be a successful Entrepreneur in the future? What traits
from our lesson would you like to consider and why? Minimum of 5
Sentences
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
3. As a grade 4 student, what do you think is the importance of learning this
topic? (Minimum of 3 sentences)
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
Summary of the topic:
Entrepreneurship is the main reason why our country is still improving.

Entrepreneurs builds businesses not for their own but also the benefit of the
others
And when he had finished speaking, he said to Simon, “Put out into the deep and let
down your nets for a catch.” And Simon answered, “Master, we toiled all night and took
nothing! But at your word I will let down the nets.” And when they had done this, they
enclosed a large number of fish, and their nets were breaking. Luke 5:4-6
REFERENCE:
Google Images
Hele for life 5
https://www.merriam-webster.com/
https://www.openbible.info/topics/fishing
https://www.businessnews.com.ph
https://myinfobasket.com/some-successful-filipino-entrepreneurs/
https://primer.com.ph/business/2017/04/21/story-of-filipino-success-mariano-que-
founder-of-mercury-drug/

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OUR LADY OF FATIMA ACADEMY OF DAVAO, INC.

ADAPTED FROM: HELE FOR LIFE 5

Name: ___________________________________ Date: January 18 – 29, 2021

Entrepreneurship - Entrepreneurship is the process of discovering new ways of

Entrepreneurship is the task of managing a business profitably. It is the set of business

Entrepreneurship is a key ingredient in making the country’s economy progressive since

1. Develops new Markets

Develops new markets. Entrepreneurs are resourceful and creative thinkers. A

3. It mobilizes the use of capital resources and establishes linkages with

4. It introduces new technologies, new industries and new products

5. Creates employment. The entrepreneurs business creates jobs for others.

John Lu Koa Henry Sy

Successful Entrepreneur Abroad

2. Tony Tan Caktiong – Founder of Jollibee

Other successful Entrepreneurs in the Philippines

B. Direction: Write 5 successful Filipino Entrepreneurs

Direction: Write your answer on the space provided.

Entrepreneurship is the main reason why our country is still improving.

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