Entrepreneurship
Quarter 1 – Module 1
Introduction to Entrepreneurship
Prepared By: Cristopher A. Cabarles
CONTENT STANDARDS:
The learner demonstrates understanding of key concepts, underlying principles, and core competencies in
Entrepreneurship.
PERFORMANCE STANDARDS:
The learner independently creates/provides a quality and marketable product and/or service in
Entrepreneurship as prescribed in the TESDA Training Regulation.
MOST ESSENTIAL LEARNING COMPETENCIES:
Discuss the relevance of the course
Explore job opportunities for Entrepreneurship as a career
After reading this module, the learners should be able to:
1. discuss the relevance of the course;
2. explain the key concepts of common competencies;
3. explain the core competencies in Entrepreneurship;
4. explore job opportunities for Entrepreneurship as a career.
Activity:
Before we will proceed to our lesson, can you tell me what comes into your mind when you hear the word
Entrepreneur? Write it one fourth sheet of paper and give it to your teacher. (All answers will be accepted)
Relevance of Entrepreneurship to an organization
1. Development of Managerial capabilities- this means that one of the benefits an entrepreneur gets is to
develop his managerial skills.
2. Creation of Organizations- which means that because of entrepreneurships many organizations will exist.
3. Improving standard of living- this means that entrepreneurship can lift up the economic status of an
individual.
4. Means of economic development- this means that not only the life of the entrepreneur is improved but
also the society where the business is located.
Concept of Entrepreneurship
The word “entrepreneur” was derived from the French verb enterprendre, which means “to undertake” This
is pinpointing to those who” undertake” the risk of enterprise. The enterprise is created by an entrepreneur
and the process is called “Entrepreneurship”
Entrepreneurs are innovators, willing to take risks and generate new ideas to make it unique and profitable
solutions to the present-day problems.
Factors Affecting Entrepreneurship
1. Personality Factors which includes:
a. Initiative- which means doing things even before being told
b. Proactive-which means he can classify opportunities and seize it.
c. Problem Solver- which means he can retain good relations with other people
d. Perseverance-meaning he will pursue things to get done regardless of challenges
e. Persuasion- means that he can entice people to buy even if they don’t.
f. A Planner- meaning he makes plan before doing things and do not fail to monitor it.
g. Risk-taker which means that he is willing to gamble but he will calculate it first.
2. Environmental Factors which include political, climate, legal system, economic and social conditions and
market situations.
Common Competencies in Entrepreneurship
1. Decisive- an entrepreneur must be firm in making decisions.
2. Communicator- an entrepreneur must have a convincing power.
3. Leader-an entrepreneur an entrepreneur must have the charisma to be obeyed by his employees
4. Opportunity seeker- an entrepreneur must have the ability to be the first to
see business chances.
5. Proactive- controlling a situation by making things to happen or by preparing
for possible future problems.
6. Risk Taker- they have the courage to pursue what is their business ideas.
7. Innovative- the entrepreneurs have big business ideas and they do not stop improving and thinking of
new worthwhile ideas for their business.
Core Competencies in Entrepreneurship
1. Economic and dynamic activity- Entrepreneurship is an economic activity because it involves the creation
and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of
limited resources.
2. Innovative- Entrepreneurs constantly look for new ideas, thus he needs to be creative.
3. Profit Potential- meaning the entrepreneur can be compensated by his profit coming from the operation.
4. Risk bearing –meaning the entrepreneur needs to gamble but wise enough to offset the risk.
Types of entrepreneurs
1. Innovative entrepreneur- they are those who always make new things by thinking of new ideas.
2. Imitating entrepreneurs- they are those who don’t create new things but only follow the ideas of other
entrepreneurs.
3. Fabian entrepreneurs- they are those skeptical. They don’t initiate but follow only after they are satisfied.
4. Drone entrepreneur- they are those who lives on the labor of others. They are die-hard conservatives
even ready to suffer the loss of business.
5. Social entrepreneurs-they are those who initiate changes in the various fields such as education, health,
human rights, environment and enterprise development.
Career Opportunities of Entrepreneurship
1. Business Consultant- with the expertise of the entrepreneur he can be a very good source of advices to
other entrepreneurs and would be business man.
2. Teacher- a graduate of an entrepreneurship can be using his knowledge in teaching
3. Researcher- the entrepreneur can be employed as researcher enterprise.
4. Sales- the entrepreneurship graduate can apply as salesman
5. Business Reporter- the entrepreneur being expert in the field, he can be employed as business reporter.
Assessment
(MODULAR ONLY)
Directions: Answer on your paper.
A.
B. Research on the life story of at least three (3) entrepreneurs in your locality; identify how they started
their business. Ask how much their start-up capital.
For Face to
Face Only
Directions: Choose three successful entrepreneurs in your community or nearby places and conduct an interview using
the guide questions below. Provide pictures of every entrepreneur as evidence, and write their answers below each
picture.
1. What motivated you to become an entrepreneur?
2. What do you think are your characteristics and competencies that made you a successful entrepreneur
3. What do you think of being employed? Why didn’t you choose that path?
Reference: Mod1_Introduction-to-Entrepreneurship_v2 (1).pdf
