LESSON 1 Introduction To Entrepreneurship Humss

ENTREPRENEURSHIP
Grade 12
Opening Prayer
Dear Lord and Father of all,
Thank you for today.
Thank you for ways in which you provide for us all.
For Your protection and love we thank you.
Help us to focus our hearts and minds now on what we are about
to learn.
Inspire us by Your Holy Spirit as we listen and write.
Guide us by your eternal light as we discover more about the
world around us.
We ask all this in the name of Jesus.
Welcome to
Entrepreneurship
Class!
EMMYLOYD C. BIERSO
Entrepreneurship Teacher
Are you ready to explore
Entrepreneurship?
Preliminary Activity
Arrange the jumbled

letters to form a word related
to Entrepreneurship.
(Classroom-Classwork)
1. VICERES
1. SERVICE
2. SSENBUSI
2. BUSINESS
3. EALTHW
3. WEALTH
4. PRISEENTER
4. ENTERPRISE
5. PITFRO
5. PROFIT
What do you think are those

words? Explain your answer.
Are you ready to
explore the lesson?
Topic for the day:
Introduction to
Entrepreneurship
Objectives of the Lesson:
The learners are expected to:
a. discuss the relevance of the course;
b. explain the key concept of
Entrepreneurship; &
c. distinguish the difference between small
business and ordinary small business
Let’s have a virtual tour in
Tabaco City!
Virtual tour in Tabaco City
What did you see?
Did you see the....
✓market
✓customers /
consumers
✓sellers
✓product
✓price
Using your observations a
while ago, can you define
Entrepreneurship?
Entrepreneurship
- is the art of observing correct
practices in managing and operating
a
by providing
goods and services that are valuable
to the customers.
Reference: Entrepreneurship in the Philippine Setting
By: Nick L. Aduana
- a person who is practicing
Entrepreneurship
- is a person who organizes,
operates, and assumes the risk
of business ventures.
What is an Enterprise?
- is another word for a “for-
profit business or company”
- Venture is also called
Enterprise.
What is a Business?
- a commercial or mercantile
activities of individuals to
produce and sell goods and
services for profit.
Small Business
versus
Ordinary Small Business
What is
Small Business?
Small Business - refers to a
business or enterprise that correctly
adopts and practices the principles
of entrepreneurship.
Entrepreneurship in the Philippine Setting

By: Nick L. Aduana
- It is owned by one person with a limited
workforce of not more than 20 persons.
- It includes the small and medium enterprises

(SMEs) that have been strongly promoted by
both government and non-government
organizations (NGOs) in their desire to improve
the lives of the Filipino people throught
Entrepreneurship.
- Pertains to a business enterprise
managed and operated by an owner
who does not practice the concepts
and principles of entrepreneurship.
Activity:
Identify whether the picture
shown is Small Business or Ordinary
Small Business. Write your answers in
the chat box. Are you ready?
1.
Small Business
2.
Small Business
3.
4.
5.
6.
Small Business
7.
8.
Why do you consider that business
is Small Business? Ordinary Small
Business?
In the Philippines, small businesses,
whether ordinary or not flourishing and
sprouting like mushrooms.
They can be found almost anywhere and

everywhere.
The Activities of Small Business and
Ordinary Small Businesses
differ in the following areas:
1. Motive in Opening a business

- Entrepreneurship is perceived as
a wealth creating venture that
will ultimately improve the life of
an entrepreneur.
- The owner of an ordinary small
business opens a business with the
primary goal of making it his/her
source of livelihood.
2. Perception of Risk in
the Business
The entrepreneur takes
and faces the business risk
squarely
- The owner of an ordinary small
business believes that the business
risk is a deterrent to the operation of
the business and must be avoided.
3. Reactions to Changes in the
Environment
- The entrepreneur reacts
positively to the changes in the
environment. They outline
alternative courses of action in
anticipation of the changes to
happen.
- The owner of an
ordinary small
business remains
passive and static
to changes in the
environment where
his/her business
operates.
4. View on Competition
- For the entrepreneur the
presence of competition
is a sign of a healthy
economic environment.
It will be one of the
factors that will make
them creative in their
endeavor.
- The owner of an
ordinary small
business views
competition as an
unhealthy element
in the business
environment and
tries to avoid it.
5. Vision for Development
and Growth
- The entrepreneur usually
outlines the course of
his/her entrepreneurial
venture in terms of short-
term, medium-term and
long-term plans of action.
He/she makes sure that the
vision and mission of
his/her business is clear.
- The owner of an
ordinary small business
relies upon the chance
or luck in maintaining
the status quo of
his/her business.
He/She is not so much
concerned about its
development and
growth as long as he/she
is satisfied with its
earnings.
6. Horizon of Business Operation
- An entrepreneur thinks globally but acts locally.
He/she has a strong notion that the business venture
will be going out of the local market and will soon
face healthy competition in the international market.
- The owner of an ordinary small business
is centered only on the local environment.
He/she does not intend to participate in the
global environment. Expansion has never
been an idea worth entertaining for the
owner of an ordinary small business.
7. Sources of Business
Funds
- When the entrepreneur
finds that the proposed
business endeavor is a
wealth-creating venture,
he/she explore ways to
generate the much-
needed funds from both
internal and external
sources.
- The owner of an
ordinary small
business tends to
limit the funding of
his/her business
enterprise to
personal resources.
Loans from external
sources can be a
risky undertaking for
him/her.
Practice Task: True or False
1. An entrepreneur
and an owner
of an ordinary
small business are
totally different
from each other.
1. True
2. The primary motive of an owner of
an ordinary small business in opening
the business is the business opportunity
provided by the environment.
2. False - making his/her
livelihood
3. An entrepreneur
finds alternative
ways to avoid
business risks.
3. False - faces risk
4. The owner of an ordinary small
business considers business risks
inherent in the business venture.
4. False - risk is deterrent
/hindrance in the business
venture
5. Changes in the external environment
present business opportunities based on
the perception of an entrepreneur.
5. True
Suppose that in one local
community, there are
five (5) small businesses
while in another locality,
there are 30 small
businesses. Which of the
two localities do you
want to live in? Explain
your answer.
Which do you think is the best business to engage
with, Small Business or Ordinary Small Business?
Why?
Activity
1. In this time of pandemic, what do you think is

the best business to engage in? Do you think
that business is viable?
Name of the Business:

Description of the Business:
Address of the Business:
Funding Requirement & Source of
Funds:
References:
▪ Entrepreneurship in Philippine Setting
By: Nick L. Aduana, pp.27-33, 53-68
▪ Materials from Mass Training of SHS Teachers in
Guinobatan, Albay (2017)
▪ Entrepreneurship: Unlimited Opportunities
▪ Internet - Files retrieved from:
www.shutterstock.com
investopedia.com
google.com
Youtube.com
Facebook.com

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ENTREPRENEURSHIP

Arrange the jumbled

What do you think are those

Entrepreneurship in the Philippine Setting

- It includes the small and medium enterprises

They can be found almost anywhere and

1. Motive in Opening a business

1. In this time of pandemic, what do you think is

Name of the Business:

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