Learning Outcomes

At the end of this lesson, the learners will be able to :

 distinguish clearly between entrepreneurship and employment; and
 explore Job opportunities for entrepreneurship as a career.

Many small-business owners used to be employees. While employees generally have

to follow strict schedules and work orders, they get financial security. On the other hand,
entrepreneurs have more freedom, but they take on more risk. Employees and entrepreneurs
tend to think, act, and approach their work differently. In this module, you will be able to
understand the pros and cons of being an entrepreneur as compared to being an employee. A
total persona of an entrepreneur will be inculcated to you, including the characteristics,
behaviors, activities, values, and mindset. Last, you will be exposed to various exciting career
opportunities in line with being an entrepreneur.

Start up is a company or project initiated by an entrepreneur to seek, effectively

develop, and validate a scalable business model.

In the previous module, you have understood the macro view of entrepreneurship. you have
learned that entrepreneurship plays a big role in nation-building and that it fuels a countries economy. It
also balances the country’s resources and distribution of income. You also understood that being an
entrepreneur is a calling, and it entails numerous characteristics to be considered successful and
sustainable.. Let us determine how much you have remembered about the Macro view of
entrepreneurship by doing the pre-test.

Direction: Carefully read each sentence. Check the box that shows the correct statement about
entrepreneurship.

Entrepreneurship is a career that requires a shortage of common and core competencies.

Entrepreneurship controls the local wealth and balances regional development.
Entrepreneurship improves people’s living standards.
Entrepreneurship increases social conflicts and political unrest.
Entrepreneurship introduces new and innovative products and services.

ENTREPRENEURSHIP 1
 Read the information very well then find out how much you can remember and how much you
learned by doing the exercises.
Module 2 : Entrepreneurship and Employment
Entrepreneurship and employment are two different paths that a person can choose
depending on his or her aspirations and work characteristics. It is really up to the person at the
end of the day on what career trail he or she will follow, considering all compelling career
factors that are important to him or her. Table 1.1 shows a comprehensive list of the perks and
the downside of being an entrepreneur as compared to being employed.
Table 1.1 Pros and cons of entrepreneurship vs. employment
Important Career Factors Entrepreneur
1. Income  Income generated passively even when the
entrepreneur is resting
 Opportunity income unlimited, depending
on the success of the business
 Income only earned when the business is
successful
2. Hiring and Firing  Provides jobs; is the owner of the
Organizational Setup business and conducts the talent
and Major Key Result selection.
Areas  Fully responsible for serving customers,
making the business
profitable/sustainable, and providing
employee satisfaction.
 Has the power to disengage
nonperforming employees applying the
due process policy of disengaging
personnel
 Can venture into the expansion of
business such as franchising and buying
other similar businesses
3. Daily Task  Performs all necessary variable task to
establish and manage a startup business,
which usually takes most of the
entrepreneur’s time; spend more hours
on work than a regular employee and
sometimes get no sleep
4. Leisure time and  Has a flexible schedule and can take an
vacations unlimited number of vacation days
(applicable only if the business has
stabilized already)
5. Taxation  Taxed on the net income; can claim
taxable income deductions for
allowable expenses incurred by the
business
6. Comfort level at work  Is comfortable in doing multiple and
challenging task and profits of the
business; does not want to be confined
in a box or sometimes thinks there is
no box
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Employee
 Income generated actively (i.e., on working
hours only) no work = no pay
 Income is usually fixed per month and
increases every year depending on the
employer and employees' performance.
 Income earned whether the business is
successful or unsuccessful
 Seeks for a job; is the one applying for a
job and is interviewed by the company’s
hiring officers
 Has the goal of satisfying only the
employer or the direct supervisor
 Fully dependent on the employer’s
performance; is at risk of losing his or her
job if the company does not perform well;
may find it difficult to just leave there
below per employer if this is their only
source of income
 Can only work for the current employer
exclusively.
 Has routine task and words on regular or
normal hours
 Follows policies, procedures, and
memoranda from the employer
 Has a limited number of vacation days
imposed by the employer
 Taxed on the gross income cannot use
expenses incurred related to the job such as
food and transportation expenses to
claim for deductions from taxable income
 May be comfortable with routines and
minimal risks; may also be comfortable in
working for the company itself
2
 Careers in Entrepreneurship
Entrepreneurship consists of vast career options depending on the passion and field of
interest of the entrepreneur. The saying “ when you love what you do, it’s as if you are not
working” is very much applicable to entrepreneurs who consider managing their business as
enjoyment rather than working exhaustively.
Here is the list of the most common small businesses in the Philippines.
1. Sari – sari Store
There are approximately more than one million sari-sari stores in the Philippines.
Situated in almost all neighborhoods, these convenience stores provide affordable basic
retail products to nearby communities. A sari-sari store is one of the easiest businesses to
set up due to the minimum capital required and because it can be managed at home,
where the business owner lives.
2. Rice retailing
Because rice is the staple food of Filipinos and other Asian countries, rice retailing
business is very common in the country. According to the infographic presented by
Rappler (2012), Filipinos spend 20% or 20 centavos per peso for rice. An average
Filipino spend Filipino consumed an average of 92 kilograms (kg) of rice from the 1980s
to 1990s. 111 kg from 2008 to 2009 and 119 kg from 2009 to 2010.
3. Food cart business
This business is also very popular in the Philippines. The food carts businesses are not as
big as the number of sari-sari stores. But food carts are present in almost every populous
location. They are usually located inside or outside the malls, schools, parks, train
stations, and offices.
4. Printing businesses
This business is also lucrative in the Philippines the demand is very high. Usually
situated near school and offices, printing businesses cater to the needs of the students for
their project and also to offices for their advertising and business requirement (flyers,
billboards, magazines, newspapers, journals, and calendars).
5. Buy-and-sell business.
This business is one of the emerging business in the Philippines, and it is not just done
traditionally in brick- and-mortal stores but also over the internet. The influx of buy-
and-sell websites has changed the behavior of how Filipinos to exchange goods in the
most efficient and practical way.
6. Street Food business
Just like the food cart business, this kind of business widespread in the Philippines. Street
food businesses are located in the streets, selling almost the same food products being
sold by the food cart business.
7. Flea market business or tiangge
In this type of business, entrepreneurs set up a small space and sell any type of goods in a
palengke setup that is normally in an open space. Customers are more interested to buy
from these flea markets because they can bargain for the price. Products being sold range
from clothes to food items, to souvenirs and household effects.
8. Online selling business
This business deals with adding the internet as a marketing and transaction channel for
selling. This is very similar to the buy-and-sell business, except that the focus is on selling

ENTREPRENEURSHIP 3
 existing and established products online. The internet has revolutionized the way Filipinos
transact business.
9. Cellphone loading business
More than 95% of Filipinos are prepaid mobile phone users, According to an article
published by the Philippines Daily Inquirer(2012). Moreover, 80% of Filipino households
have access to mobile phones. This is the reason why there are so many cellphone loading
stations in the country. Some entrepreneurs link the cellphone loading business to their
existing businesses such as the sari-sari store, food cart, or online business.
10. Laundry and dry cleaning business.
This type of business is often located in central business districts and areas with several
condominiums and townhouses. Furthermore, these business establishments also have a
significant presence near schools, dormitories, and apartments. One thing common about
the residents of these places is that they do not have enough time to wash and dry their
clothes and just give the job to the laundry and dry cleaning business. The business
owner should follow hygiene requirements before starting a business.
11. Hairstyling and makeup business.
One of the successful businesses in the Philippines is the hairstyling business, which
includes parlors and barbers shops. Aside from the core service giving haircuts, this
business also offers auxiliary services such as hair treatments (perm, straightening,
highlighting), massage, and nail styling. Filipino are generally conscious of proper
grooming and hygiene, so that’s why this business is profitable.
12. Spa, gym, and nail care business
Related to the hairstyling and makeup business are the spa, gym, and nail care business.
One of the ways Filipinos cope with stress is by going to a spa. This business offers a
range of massage treatments that can relax the stressed areas of the body, as well as other
skin treatments such as facials and body scrubs. Filipinos now also go to the gym because
more Filipinos are becoming health-conscious. Nail care is very much enjoyed by
Filipino women who avail of a manicure, a pedicure, or both. Filipino men are also
focusing on their overall appearance these days.
13. Video and Photography business
This business requires talent in capturing precious moments of celebrators at weddings,
birthdays, anniversaries, graduation, and other important events. This business is gaining
popularity because of the presence of social media, where videos and photographs are
supposed to be shared with other people.
14. Tutorial business
This business caters to students who are not able to catch up with their lesson, or those
who want to be ahead in class. A tutorial business is composed of experts in a particular
field who transfer their knowledge to another for a fee. In the Philippines, the tutorial
business has become an important reinforcing and enriching the students’ basic education
knowledge.

15. Baking business

A lot of bakeries are present in almost all neighborhoods in the Philippines because bread
is the second staple food of Filipinos. Pan de sal is the most common bread being offered
by this business.
16. Web site development and design/blogging
The popularity of the internet brought so many opportunities to internet-savvy budding
entrepreneurs. In this business, the website developer conceptualizes and implements a
website for another business whose objective is to inform, persuade, and remind its

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 customer. Blogging, although initially made as a site to write your thoughts, has become
a source of income by most online writers, depending on the writer’s agenda.
17. Direct selling business.
This business is also very common in the Philippines. It is a face-to-face selling of
products by a sales agent. The products include fashion accessories, health and wellness
items, clothing, food supplements, and homecare items.
18. Car wash and car care business
You often see this business in large cities because of the proliferation of cars. The
demand for car care increases every year.
19. Bar, café and restaurant
The number of foodies (food enthusiasts) has increased because the Filipino palate
became globalized. Filipino consumers’ demand for variety taste has evolved as well;
thus, these businesses are continuously thriving.
20. Water station and LPG (liquified petroleum gas) station.
These businesses can never go wrong as they continuously serve households, supplying
them with their purified water and gas needs. The products that they sell are used for
daily consumption, which is why a lot of these are found in almost every corner in the
Philippines, especially in the urban areas.
21. Ukay – ukay Business
These business has successfully carved its niche in the country’s local industry. The
Ukay-ukay stores sell second-hand clothes and shoppers are forced to dig or sift through
endless racks of clothes for a good find.
No successful business started huge right away. A business starts with an idea. Once the
business is established, the business owner, the entrepreneurship and acquisition. Franchising is
a business arrangement wherein the franchisor, who is the owner of the business, acquires
distribution centers through the franchisees or the affiliated dealers.

Exercises

Instruction: Read the statements carefully then write True if the statement is correct & write
False if you think the answer is not correct.
____________1. Entrepreneur means “to undertake.”
____________2. Entrepreneurship is a process of actions of an entrepreneur who is always in
search of opportunities.
____________3. The greatest significance of entrepreneurship is to help identify and develop
the managerial capabilities of entrepreneurs.
____________4. Entrepreneurship will lead to the creation of organizations.
____________5. Entrepreneurship can improve the life of the entrepreneur only.
____________6. Coward people will become successful entrepreneur.
____________7. An entrepreneur is a “Risk Taker”.
____________8. Entrepreneurship is not an economic activity.
____________9. Entrepreneurs are innovative.
____________10. Profit potential is the compensation of the entrepreneur.

ENTREPRENEURSHIP 5
 Choose at least one successful entrepreneur from different fields that you know of and are
engaged in common small and franchise businesses enumerated previously. Your goal is to
understand the mindset of an established entrepreneur by playing the role of an interviewer. Ask
these chosen entrepreneurs the following questions using the interview method of research:
 What motivated you to become an entrepreneur?
 What do you think are your characteristics and competencies that made you a successful
entrepreneur?
 What do you think about being employed? Why didn’t you choose that path?
You need to bear in mind the critical factors that led to the success of these entrepreneurs. This
activity will help you realize what these entrepreneurs went through to succeed. You will be
graded based on the given rubric below.
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

Scoring Rubric
Categories Advance Proficient Emerging
(5) (3) (1)

Content The idea stands out and clearly The idea is somewhat The idea is not clear
supported by detailed clear but there is a need and no supporting
information. for more supporting information.
information.

You explicitly refer to your interview
Interview Protocol questions and discuss the context of
and Questions the answers. You have submitted
documentation or evidence of the
interview and interview questions.
Some reference to the
interview. Only a part of
the interview notes/
transcript or questions were
submitted.
There is no reference to
the interview questions.
Only a part of the
interview transcript or
questions were
submitted.

Organization Ideas are well-organized and easy Ideas are somehow Ideas are not
to follow. organized and easy to organized and
follow. difficult to follow.

Total
Resources :

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  Batisan, R. (2016). Diwa Learning System Inc. Legaspi Village, Makati City,
Philippines

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