ENTREPRENEURSHIP

Applied Subject

Class no.: _____ Date: 11/09/2021

Name: Isaiah Michael I. Aldueso MODULE 2.2 – 1st Quarter –SY 2021-2022
Grade and Section: 12- HumSS St. Charles Borromeo Teacher: Mrs. Elena Villareal

VII. EVALUATION: Let’s try these! Let’s check your understanding!

Directions: Try to answer the situations given and think of possible business ventures you can go into.
Mineral Water 1. People in this neighborhood do not drink water straight from the tap.

Bike Store 2. Residents in this community have to walk a good distance to get access to

transportation.

Grocery store 3. People in this neighborhood have to take a long trip to the mall to buy
their groceries.

Laundry shop 4. Professionals are lining up to the neighborhood laundrywoman to have their

clothes washed.

Junk shop 5. Old newspapers and plastic bottles are piling up in the homes of their

neighborhood.

Cafeteria 6. Students in this neighboring university have no place to hang out and do their

school projects.

Sari – sari store 7. Children in this school have to buy their snacks from street peddlers.

Nanny 8. In this neighborhood, working mothers have to leave their young kids with

the neighbors when they go to work.

Housekeeping service 9. Household helps are needed in the homes of this neighborhood.
Tutoring 10. Schoolchildren need a little help with their homework.

VIII. REFLECTION: I Care Why?

Are good opportunities always spotted quickly or are they often left unrecognized? Search the Internet
for evidence that will support your answer.

Entrepreneurship – Module 2 Page 1 of 5

 According to Brandon like sunrises, opportunities are fleeting, and they will pass if you are unprepared.
They do not always come at the perfect time, either, so you must be ready to seize them when the
chance presents itself.

Do you believe that opportunity comes from the most unexpected places? Justify your answer.
It depends because what is happening to us is different, just like others who are planning to have a
business so they have a strategy where is the best places to sell those products and it affects the
physical environment since its surroundings will either enhance its beauty or give a bad image to its
location.

ENTREPRENEURSHIP
Applied Subject

Class no.: _____ Date: _________________________

Name: _________________________________ MODULE 2.3 – 1st Quarter –SY 2020-2021

Entrepreneurship – Module 2 Page 2 of 5

Grade and Section: __________________________ Teacher: ______________________

I. TOPIC: Business Idea Selection Checklist

II. INTENDED LEARNING OUTCOMES:

A. identify the steps in the business selection checklist;
B. recognize the value of a checklist to select business possibilities; and
C. select the best product that will meet the market need.

III. MATERIAL(S)/REFERENCE(S): A. Materials: Notebook, and pen

B. References:
1. Habaradas, Raymund B. et.al (2017) Pathways to Entrepreneurship. PHOENIX pp. 21-22
2. http://www.yourdictionary.com

IV. TIME FRAME: Week 3

V. CONCEPT:

An idea selection checklist requires knowledge, experience and methodology.

The aim is to identify the best from a multitude of ideas.
The special feature of the selection checklist is to rank or narrowing the list of the
business ideas currently considering and a means for interpreting and selecting
the results the business ideas
Business Selection Checklist it is another creative way of obtaining business ideas by listing all
possibilities that can be connected to, reprocessed, and associated with. Through the checklist method,
a product or service or an idea are presented can be replaced, mixed, differentiated, enlarged, applied,
removed, and altered comprehensively.

Here’s a look at each of the categories and some of the things you should consider when rating them:

Your knowledge of the business.

• How much do you know about the area?
Rating: 1 - some indirect knowledge of the business
2 - limited knowledge
3 - working knowledge

Your experience in the field.

• Have you ever owned or worked in this type of business before?
• To what extent is hands-on experience crucial to the business?
Rating: 1 - indirect experience
2 - limited experience
3 - familiar with the business.

Your skills.
• Do you have skills/expertise that are unique to that business?
Rating: 1 - limited skills
2 - some skills
3 - extensive skills Business Idea Selection Checklist

Ease of entry.
• Ease to enter the business despite the cost and competitive barriers that might
exist.
Rating: 1 - limited entry available
2 - mix of large and small competitors

Entrepreneurship – Module 2 Page 3 of 5

 3 - virtually unrestricted entry for any size business

Uniqueness.
• Does not necessarily mean that literally, no one else is providing the same
product or service; it can mean that no one else is providing that product or
service in your area.
Rating: 1 - a few to several others offering your product or service
2 - only one or two others
3 - no others providing your product or service

STEPS TO GENERATE BUSINESS IDEAS

(1) In the far left-hand column, list the business ideas you’re considering by order of interest. So, in
the top left-hand blank space, put the idea you think you’re most interested in. Underneath it put the
next idea and so forth until you’ve listed all of your possible ideas down the left side of the chart.
(2) Now take each idea and rate it on a scale of 1-3 in each of the areas listed. Use the following
rating system: 1-below average, 2-average, and 3-above average.

Example:

Business idea Your Your Your Ease Uniqueness Total

knowledge experience skills of
entry

1 Coin Purse 3 2 2 3 3 13

2 Bracelet 3 3 3 3 2 14

3 Pencil case 3 3 3 3 3 15

(3) Now total up the numbers. Here are some tips for making sense of the numbers
and for narrowing your list of business possibilities:
• eliminate any of your ideas that scored less than a total of 10
• eliminate any idea that did not score at least a 2 in every category
• eliminate any idea that did not score at least a 3 in the uniqueness category
Example:

Your Your Your Ease of Uniqueness Total

Business idea knowledge experience skills entry

1 Coin Purse 3 2 2 3 3 13

2 Bracelet 1 2 2 3 1 9

3 Pencil case 3 3 2 3 2 15

VI. Activity: Let’s try these!

Entrepreneurship – Module 2 Page 4 of 5

 Directions: The following chart is designed to help you to choose the business that’s right
for you. In the previous lesson, copy the three (3) business ideas. Fill out the table below,
follow the two steps and the example given.

Your Your Your Ease of Uniqueness Total

Business idea knowledge experience skills entry

How many ideas are left?

If the answer is “none,” then you need to use the list to identify where you need to improve and
you need to develop a strategy for raising the “1’s” to “2’s” or “3’s.”
If the answer is “more than one,” you have a pleasant dilemma: a choice of which business to
start. If the answer is “one,” you may have just found the business that’s perfect for you.
Write down the remaining ideas.

Your Your Your Ease Uniqueness Total

Final Business Idea knowledge experience skills of
entry

VII. Reflection: I Care Why?

Why do is a checklist important in the selection process of business ideas? Justify your answer.
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Entrepreneurship – Module 2 Page 5 of 5