ENTREP-9 - 2nd Q
ENTREP-9 - 2nd Q
SELF-LEARNING MODULE
GRADE 9
ENTREPRENEURSHIP
Quarter 2 – Module 1
For DepEd Division of Calamba City USE only. Please send your feedback and suggestions to
lrmds.depedcalamba@deped.gov.ph or call 049–554 9830 loc.
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Dear Parents,
The Schools Division of Calamba City is one with every Filipino family in coping with the
demands of our modern times amidst Covid–19 Pandemic.
The Division initiated Self Learning Module (SLM) aims to meet the most essential
learning competencies required to be learned by your child whether your child opts for online,
modular or blended learning modality. The learning activities in this SLM are arranged
chronologically from simple to complex to lead your child to think critically, act skillfully, and
reflect deeply on each lesson and practice into real life skills. Most importantly, this SLM
promotes self-paced learning as your child can
always review the least understood lessons as often as he/she pleases.
Thank you in advance for being one with us! Together, let us envision that, by the end of
this school year, we will see your child as one responsible young person with a heart and mind
for humanity, for nature, for the country, and for God.
Dear Learner,
Welcome to a brand-new year of learning!
This is our gift to you: The Division initiated Self Learning Module (SLM) that will help you
acquire the most essential learning competencies you needed as 21 st Century Learner through
the Pivot
4 A IDEA Model which compose of 10 parts.
Please take time to read and do the activities in these SLM as if you are reporting in
school. Set a regular study schedule for you as much as possible, but keep in mind that these
SLM will enable you to learn at your own pace. If you do not understand a lesson, the SLM
would not mind you flipping back the pages repeatedly for review. Also, remember to keep in
touch with your teachers. Send them a message through your online sessions or write them a
note as you do your modular activities.
We wish you good luck in your studies, and we hope that you will remain happy and
enthusiastic in learning
WEEK
1-2
IDENTIFY AND ANALYZE THE EXISTING PROBLEMS
AND NEEDS IN THE COMMUNITY WHERE THERE ARE
I BUSINESS OPPORTUNITIES
The lesson deals with the problems and needs identified in the community where
there are business opportunities.
DEFINITION OF TERMS
● Trend is a practice or interest that is very popular for a short period of time
● Goods are products that are brought and sold in the business.
● Technology is the system by which a society provides its members with those
things needed or desired.
● Industrial is anything having to do with the business of manufacturing products;
excludes utility, transportation, and financial companies.
D
HOW WOULD I KNOW THE NEEDS OF OUR COMMUNITY?
● Reading
● Observations
● Advertisement
1. INDUSTRIAL INFORMATION
● are newspapers, technical and business journals that provide techniques
and information on business
2. LOCAL SPECIALIZED SKILL
● traditional skills of the people in the community
3. EVALUATION OF DEVELOPMENT PLAN
● developed plans which are still possible in the community
4. TECHNOLOGY
● are modern gadgets which can be utilized to identify business
opportunities
5. REVIEW OF OLD PROJECTS IN THE COMMUNITY
● old projects may become attractive when market or related production
factors have changed
E
Learning Task 2: Select the best answer.
A
Learning Task 3: Identify at least five entrepreneurs in your community and
describe what kind of business each has. Then list one of their outstanding
characteristics.
The lesson deals with the selection of appropriate business opportunities based
on the needs of the community.
DEFINITION OF TERMS
● Strengths are the capital, knowledge, skill or other advantage that a firm has or
can acquire over its competitors in meeting the needs of its customers.
● Weakness is a defect or shortcoming which increases the risk of a failure.
D
WHAT IS SWOT ANALYSIS
● It helps you develop your career in a way that takes best advantage of
your talents, abilities and opportunities in your community.
● It helps you to focus on your strengths, minimize threats, and take the
greatest possible advantage of opportunities available in your community.
1. STRENGTHS
i. Is the business in demand in your community?
ii. Is the product new in your community?
iii. Is it accessible to all?
iv. Will your community patronize it?
2. WEAKNESSES
i. What could you improve?
ii. What should you avoid?
iii. What factors would cause the loss of your sales?
3. OPPORTUNITIES
i. Where are the good opportunities facing you?
ii. What are the interesting trends you are aware of?
4. THREATS
i. What obstacles do you face?
ii. What is your competitor doing that you should be worried about?
iii. Could any of your weaknesses seriously threaten your business?
E
Learning Task 2: Read the story below and answer the given questions.
Ever since Nena was a young girl, she always liked to sew. Her love for sewing
prompted her to set up a business which included a variety of sewing activities. She
was in business as a sole proprietor but later set up the business as a corporation with
three shareholders, one of them being herself. She was the primary shareholder of the
business since she was the primary provider of service. Unfortunate family
circumstances occurred which prompted her to put practically all entrepreneurial
businesses on hold. She needed more reliable week-to-week steady income so she
decided to find a fulltime job working for someone else. Prior to making the new job
decision, Nena and the other owners liquidated the business.
Nena still had a lot of calls from people who wanted to do some work. So, she
started up the business again as a sole proprietor, using a “cottage industry” help
because of a lack of time to commit to the management function.
It has been often suggested to Nena that she revive her business. She would like
to do so in the future. She does, though, like her full-time position. If she starts up the
business again, she needs additional financing to buy necessary supplies and materials
to make a competitive comeback into the marketplace for “oversized handkerchiefs”.
Her target market has been tapped by small-time seamstresses since terminating her
business.
Nena would very much like to start up the business again but wants to find the
right kind of business ownership for her business. At the present time, she does know
anyone who has the skills/interests to work with her as a partner in the business. She
does know of several people who would be interested in putting money into the
business if she decided to either go into a partnership, with them being silent partners,
or make it a corporation. Use the problem-solving process to help Nena come up with a
practical decision.
A. Literal Comprehension
1. What is Nena’s problem/challenge?
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
Making Inferences
4. Why is there a need for Nena to start a new business?
___________________________________________________________________
Critical Thinking
5. Why is selecting business opportunities important?
___________________________________________________________________
B. Choose the appropriate business opportunities that can be identified based on the
given problem by putting a check mark on the second column of the table.
5. You encounter difficulty in hiring workers due to low salary. This is classified as
________________.
a. opportunity
b. strength
c. threat
d. weakness
WEEK
This lesson will help you differentiate the forms of business organizations.
Words to Study
● Legal forms refer to the documents of ownership of a business.
D
DECIDING THE BUSINESS OWNERSHIP
A business first exists in your mind is an idea. When this idea is developed and
put into writing, it becomes a plan. As you gather your resources be it material or human
resources, you are making your plan into a reality. And when you register it, it becomes
a legal entity, with appropriate rights and responsibilities.
Once you have identified your project or business, you are ready to organize and
set up your own enterprise. This means that you must decide on its forms of ownership
then later the location, hire and train personnel, raise funds, acquire machinery and
equipment, and finally register the business.
The term legal form refers to the form of ownership of a business. You may
decide to share ownership with other people if you are not the only source of project
ideas or if you do not have enough capital and experience to start the business on your
own.
SOLE PROPRIETORSHIP.
A sole proprietorship is a business unit owned and managed by only one person.
It is the simplest and most common form.
Most small businesses start as sole proprietorships. Here, you and the business
are essentially one. You, as the sole proprietor owns all the assets.
As such, you will exclusively enjoy the benefits to be derived from the business. If
you decide to become a sole proprietor, you do not need to consult anyone on matters
related to setting or running the business.
PARTNERSHIP.
Under this business form, two or more persons are owners of the business. The
owners define their rights and duties as partners in the business through a partnership
agreement.
CORPORATION.
This business form is initiated by individuals called incorporators, numbering from
a minimum of five to a maximum of fifteen.
COOPERATIVE.
A cooperative is owned by twenty-five or more individuals who, like in a
corporation buy shares in the business. However, unlike a corporation, each member of
the cooperative is entitled to only one vote on matters regarding the business
regardless of the number of shares he or she has bought. In case of losses,
responsibility for paying liabilities is also borne equally by the members.
E
Learning Task 1: Give example of the following forms business organizations.
1. SOLE PROPRIETORSHIP-
2. PARTNERSHIP- CORPORATION-
3.
4. COOPERATIVE
A
Select the best answer by writing the LETTER on a separate sheet of paper.
1. The term legal form refers to the type of business ownership. Which type of
business ownership is the simplest and most common?
a. Corporation
b. Cooperative
c. Partnership
d. Sole proprietorship
2. Partnership is a business form owned by two or more persons. Which among
the choices below is NOT an advantage of partnership
a. Partners have to be consulted each time a decision and actionis made.
b. No income tax is levied on the partnership itself but on the owners as
individuals.
c. Partners decide as to who shall pay debts in case the business is unable to
pay its liabilities.
d. If one partner commits mistake, the other has to suffer the consequences.
ORGANIZATIONAL STRUCTURE OF A 6
I BUSINESS
WORDS TO STUDY
● ACCOUNTABILITY is a situation of being answerable to higher
authorities.
● AUTHORITY is the power or right delegated or given to a person.
A. LINE ORGANIZATION
The manager has direct command over workers who accomplish the tasks.
Below is an example of a line organization
B. LINE AND STAFF ORGANIZATION
Any activities that a line officer cannot do are delegated to a staff officer to render
these services. For example, in a small manufacturing enterprise, the president,
production manager, and sales manager perform line functions, while legal counsel who
helps and advices the president has no authority over line employee. Below is an
example of this type.
In this setup, the worker has more than one immediate superior or as many as
the types of activities assigned to him. An example of this type is shown below.
E
Learning Task 1: Choose at least 2 organizational structures and identify their
similarities by creating a Venn Diagram.
A
Learning Task 2: Being the manager and your family as your staff create a functional
staff organization. Identify the role of every family member in the organization
and paste their pictures and name in their respective position. Do this on a long
bond paper.
WEEK
WORDS TO STUDY
Legality of your business venture is necessary to make your operation legal. The
following pages shows some of the documents to be secured from the different
governments agencies to run your enterprise legally. Without compliance with the legal
requirements your business is considered illegal.
1. Register your business name with the Department of Trade and Industry (DTI).
The certificate issued after registration becomes your proof of business
ownership.
2. Register with your municipal city government. When you have a municipal
license or a mayor’s permit, this serves as your authorization to conduct or
operate the business.
3. Register with the Bureau of Internal Revenues (BIR). This will help systematize
your financial operation and payment of taxes.
4. You have to register at the Social Security System (SSS) if you have five or more
employees.
5. Register the Article of Partnership or Article of Incorporation with the Securities
and Exchange Commission (SEC).
6. Register with the Department of Labor and Employment.
There are several benefits derived from registering your business with the
government, as follows:
1. When you register your business with the Department of Trade and Industry, the
certificate issued to you becomes your proof of business ownership.
2. The municipal license or Mayor’s permit issued to you serves as an authorization for
you to operate your business.
3. Your registration with the Bureau of Internal Revenue will help you systematize your
financial operations and the payment of taxes.
4. If you have registered your business enterprise with Cooperative Development
Authority (CDA)which is optional, you can enjoy the following privileges: I need to get a
permit for my business, where can I ask for assistance?
a. Exemption from taxes and fees except from real property and capital gains tax,
import duties and taxes, value-added tax on imported articles, taxes on income not
arising from the CDA activity such as interest, royalties, prizes and dividends.
b. Exemption of the CDA derived income from the computations of the owners or
members in division.
c. Exemption from any government rules and regulations on assets, income and
activities directly connected with the services of CDA.
It is a must to register your business for your own benefit and protection. When your
business has been registered you are now ready to own your business and face
challenges coming your way.
E
Learning Task 1: Write the steps in registering your business. Record them in the
correct order. Do this in your notebook.
A
Learning Task 2: Let us find out how much you already know about legalizing a
business. Read and understand the questions below. Choose the correct answer by
writing the letter of your answer in your notebook.
1. After registering with the DTI, the certificate becomes your proof of ____________.
A. authority to operate a business
B. business ownership
C. license to operate
D. payment of taxes