Professional Documents
Culture Documents
Entrepreneurship DLP Week 3-6
Entrepreneurship DLP Week 3-6
Entrepreneurship DLP Week 3-6
Region III
Division of City of San Fernando
San Fernando East District
ST. VINCENT OF QUEBIAWAN INTEGRATED SCHOOL
City of San Fernando (P)
(045) 409-8521
I.OBJECTIVES
A. Content Standard:
The learner demonstrates understanding of key concepts, underlying principles and processes of
developing a business plan
B. Performance Standard:
The learner independently or with his/her classmates presents acceptable detailed business plan
C. Learning Competency / Most Essential Learning Competency (MELC):
Recognize a potential market
-Analyze the market need
-Determine the possible product/s or service/s that will meet the need
-Screen the proposed solution/s based on viability, profitability and customer requirements; and
Select the best product or service that will meet the market need
II.CONTENT
Recognize a potential market
- Development of a Business Plan
- Major parts of a Business Plan
References
Entrepreneurship in Philippine Setting pages 211-249
https://www.entrepreneurship.org/articles/2006/09/determine-market-potential
III.LEARNING RESOURCES
After President Rodrigo Duterte ordered the lockdown in Luzon due to the coronavirus pandemic,
Dante lost income as a construction worker in San Juan City, and relied only on people’s generosity
for financial or food aid. The strict quarantine measures made it all the more difficult for people like
Dante to find means to earn.
“Mahirap kasi hindi ka makagalaw. Buti nga ngayon medyo nakakakilos na kami. Dati kahit sa’n ka
pumunta, talagang may checkpoint (It’s hard because you couldn’t move. At least now we can
move more easily. Before, there would be a checkpoint everywhere you go),” he recalled.
As lockdown restrictions eased, Dante found a new way to make a living. The growing demand for
access to barbershops opened an opportunity for him.
Barbering, which used to be only a side hustle, has now become his main source of income. With a
barber’s gown, a chair, and barbering materials and equipment, Dante’s mobile barbershop is all
set.
Amidst all the chaos caused by the pandemic, there is still a ray of hope for the business world.
Yes, there is a way out which not only helps entrepreneurs stand in solidarity but also run their
business more efficiently.
Activity 1: List 10 Business Ideas that are worth investing amidst COVID-19 in your local
area. Write your answer on the blank space provided.
1._________________________ 6._________________________
2._________________________ 7._________________________
3._________________________ 8._________________________
4._________________________ 9._________________________
5._________________________ 10.________________________
Once you have established that an opportunity matches your business’s vision, goals, and
financial indicators, you are ready to assess its market potential by examining specific key factors.
Market research will enable you to more accurately assess the following points:
o Ability to compete – Which opportunity offers the potential for you to compete most
effectively in the marketplace based on a price/cost advantage or market differentiator?
If you will not be able to compete effectively, be wary of such an endeavor. Build on your
strengths to increase the chances of future successes.
o Duration of the opportunity – Will the opportunity last long enough for you to seize it
and reap its rewards? Duration is critical to determining attractiveness. For example, a
new product or service based on a long-term trend, such as a changing demographic,
has an enduring window of opportunity. One based on a fad, such as the latest fashion
trend, has a limited life. Another consideration is how long you have before competition
might flood the marketplace.
o Growth potential – In many cases, long-term growth rather than immediate rewards
make one opportunity more attractive than another. An entrepreneur may decide to offer
a new product in a growth area rather than pursuing sales of existing products that have
minimum growth potential. Is the sales potential sufficient to make it worthwhile? Even if
you can dominate a small market, it may not be worth your while.
o Risks and rewards – A certain amount of risk is involved in all entrepreneurial ventures,
and growth is no different. How much will the opportunity cost to pursue in terms of time,
money, and physical resources? What is your potential return on your investment? Are
the risks acceptable to you and your business? Do the rewards compensate for the
risks?
Keep in mind that typically the risks associated with growth opportunities increase as you move
away from products and markets you know into products and markets that are new to you. Costs for
researching and developing new products and researching and penetrating new markets will also
increase.
F. Developing mastery
Recognizing Potential Market
Ability to compete
Duration of the opportunity
Growth potential
Risks and rewards
Business Plan is defined as a detailed and integrated written document that describes
various activities involved in opening and operating a new entrepreneurial venture.
Major Parts of the Business Plan
1. Introduction
2. Executive Summary
3. Environmental analysis
4. Business description
5. Organizational plan
6. Production plan
7. Operation plan
8. Marketing plan
9. Financial plan
10. Appendix
Entrepreneurial activities today have become very important and are keys to economic
development especially after the damage done by the Covid19 pandemic. Growth, industrial
development, including employment generation, depend upon entrepreneurial behavior of a country.
Entrepreneurs are the reasons for a large quantity of highly developed industries which result to
greater employment opportunities for unemployed youth, increase in income and savings.
I. Evaluating learning
Activity 2: Make your own business plan. The final output will appear as follows:
Business Model
ENVIRONMENTAL ANALYSIS
BUSINESS DESCRIPTION
Market Forecast
Size of the business
Market share
Marketing strategy
ORGANIZATIONAL PLAN PRODUCTION PLAN
Product
Evaluation of Suppliers
Place
Promotion
Storage and inventory control
People
Positioning