Starting A Business

IMMACULATE CONCEPTION SCHOOL OF MALOLOS SENIOR HIGH SCHOOL
AY 2022 - 2023
Starting a Business
Prepared by:
Abegail A. Polintan and
Jenifer C. Cho
OPENING PRAYER
OBJECTIVES
• discuss the factors to consider in starting a
business
• explain how the entrepreneur can identify
business opportunities
• explain the types of business available to
entrepreneurs; and,
• discuss the government support available &
legal requirements needed to start
a business.
What I know about Business?
1.What is that written document describing the
nature of the business, the sales and marketing
strategy, financial background and its
projected profit and loss statement?
A. blue print C. lesson plan
B. term paper D. business plan
2. What is a business concept?

A. business data
B. financial result
C. business resources
D. a business idea that included basic
information
3. What do you do after developing the

business concept?
A. hire employees
B. start your business
C. provide the market need
D. incorporate it into a business plan
4.What happens when there is a gap between
what is currently on the market and the
possibility for new or significantly improved
products that result from emerging trends?
A. business plan C. marketing plan
B. market source D. product opportunity
5.How do we start finding business

opportunity?
A. propose solution
B. identify market need
C. create a business plan
D. know the market problem
Factors to Consider in
Starting a Business
Factors to Consider in Starting a Business
Sources of Capital
– There are different capital that can be
used depending on the needs to start the
venture.
Good Network
– Building good relationships and
working with other people could help
start the business.
Legal Requirements
– It is important to know the laws and
regulations that govern the type of business
that will be opened to avoid major problems
that can arise if legal requirements are
overlooked.
Degree of Risk
– Consider the degree of risk related to a
specific business opportunity. A business is
said to be risky when the probability or
chances of failure is high.
Research and Development

– There should be a strong research and
development that should be undertaken.
Personal Competencies
– The personal competencies like creativity,
opportunity seeking, commitment, and risk-
taking, as well as technical background and
related experiences needed to run the business.
Availability of resources
– Resources pertain to raw materials,

human resources, and
machineries/equipment.
Other Critical Factors for New Venture
• NEED
• UNIQUENESS
• SPECIFIC AUDIENCE (Age, Location, Hobbies, Work, Income level)
• STARTUP COST
• FUNDING
• LOCATION
• EMPLOYEES
• SUPPLIES & SOURCING
• REGULATIONS
• MARKETING (Traditional, Digital)
Opportunity Recognition Process
Some entrepreneurs have the ability to recognize a
business opportunity, which is a fundamental to the
entrepreneurial process as well as a growing business. A
business opportunity represents a large enough
entrepreneur to successfully fill a large enough
unsatisfied need that enough sales & profit result.
Entrepreneurs should be able to identify, seize, and pursue business opportunities.
Successful entrepreneurs are those who can exploit business opportunities. Ducker,
has identified seven potential sources of opportunities in the external context,
namely:
1. The unexpected
2. The incongruous (incompatible)
3. The process needs
4. Industry and market structures
5. Demographics
6. Change in perception
7. New knowledge
Types of Business Available to Entrepreneurs
Micro Enterprise
Cottage Enterprise
Small Enterprise
Medium Enterprise
Large Enterprise
Agriculture, Forestry and
Fishing
Example of Types of Business Available to Entrepreneurs
Mining and Quarrying

Manufacturing
Construction
Human Health & Social Work

Activities
Government Support and
Legal Requirements
Government Support
Finance
Marketing
Training & Human Resource Development
Product Development & Technology Assistance
Legal Requirements
Registering with the DTI

Registering with the SEC
Registering with the SSS
Registering with the BIR
Registering with the DOLE
Registering with the Local Government
Registering with the Other Agencies
SJPII SJXXIII
In - School Activity No. 1
Small Business for Students and Aspiring Entrepreneurs

Consider successful entrepreneurs who started young.
·Jay Aldeguer started selling plain t-shirts as a junior

college student eventually formalizing his organization
as the Islands Group.
Small Business Simulation for Students and Aspiring

Entrepreneurs
·Kim Lato started her online business selling cameras on

her sophomore year in college eventually creating the
Kim Store.

Entrepreneurs
·Kelvin Gaisano and Chris Tiu sold Krispy Kreme

donuts as students, eventually setting up Happy Lemon.
Entrepreneurs
·Edgar "Injap" Sia II, Mang Inasal and Double Dragon Properties founder,
along with three classmates, invested P1 million each to build the 59-
room Four Seasons Hotel (renamed People Hotel) in Iloilo when he was
just 19 years old, using 90% loan from PDCP Bank financing through the
SSS Tourism Priority Project.
1. Wouldn't you want to try doing business while still

young and learn from first-hand experience?
2. Who among the successful entrepreneurs you know

can be your mentor?
Instruction: Write your propose idea based on the matrix
below and post a sample picture of a similar product or
service you wanted to offer.
What business am I What is the purpose of Who are my target
interested to engage? my business? customers?
Sample Picture
Rubrics
10 - 9 8-7 6-5 4-3 2- 1 Total
CRITERIA Excellent Very Good Good Fair Poor Points
Completeness of the task

required
Relevance of the Content
Image Quality
TOTAL POINTS:
If you have any questions, concerns,
or clarifications? Do not hesitate to
message me.
Closing Prayer
ASSIGNMENT
TAKE A REST
SPEND TIME WITH YOUR
FAMILY
TREAT YOURSELF
PRAY AND PRAISE GOD

Starting A Business

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IMMACULATE CONCEPTION SCHOOL OF MALOLOS SENIOR HIGH SCHOOL

2. What is a business concept?

3. What do you do after developing the

5.How do we start finding business

Research and Development

– Resources pertain to raw materials,

Mining and Quarrying

Human Health & Social Work

Registering with the DTI

Small Business for Students and Aspiring Entrepreneurs

·Jay Aldeguer started selling plain t-shirts as a junior

Small Business Simulation for Students and Aspiring

·Kim Lato started her online business selling cameras on

Small Business Simulation for Students and Aspiring

·Kelvin Gaisano and Chris Tiu sold Krispy Kreme

1. Wouldn't you want to try doing business while still

2. Who among the successful entrepreneurs you know

Completeness of the task

Relevance of the Content

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