Republic of the Philippines

Region XI
Department of Education
Davao del Norte Division
KAPALONG NATIONAL HIGH SCHOOL
Maniki, Kapalong, Davao del Norte

LESSON PLAN IN ENTREPRENEURSHIP 11

October 17, 2017

Content Standards The learner demonstrates understanding of concepts, underlying

principles, and processes of starting and operating a simple
business.
Performance The learner independently or with his/her classmates starts and
Standards operates a business according to the business plan and presents a
terminal report of its operation.
CODE

I. OBJECTIVES
Along the 60-minutes session, the students are expected to:
1. identify the things to consider in making financial projections assumptions;
2. create a 6-month projected income statement for their business;
3. appreciate the significance of financial projections in business planning.

II. SUBJECT MATTER

Topic: Business Planning
Reference: http://www.cf-sn.ca/business/business_plans/intro.php
Instructional Materials: Fact sheets, Short bond paper, Chalk
Values Integration: Appreciation on the significance of financial projections
in business planning

III. PROCEDURE
A. Preliminary Activities
1. Prayer
2. Greetings
3. Checking of attendance and Classroom Management
4. Review (5 minutes)
A student will be called to give a recap on the discussion yesterday.

B. Lesson Procedure
1. Activity – Group Activity (20 minutes)
a. The class is already grouped for their business plan project.
b. Fact sheets with projected income statement will be given to each group for their
reference.
c. Each group will create a 6-month projected income statement for their business.
d. They will follow the format in the table below, and write their answers in a short
bond paper.
(Name of Business)
Projected Monthly Income Statement
For The Period Ended October 2017 – March 2018
October November December January February March
2017 2017 2017 2018 2018 2018
Sales
Less: Cost of
Goods Sold
Gross Profit
Less: Operating
Expenses
Net Income
 e. They will choose a representative from their group to report their output.

2. Analysis and Discussion (10 minutes)

a. How did you find the activity?
b. What were the assumptions that you have made in projecting your income statement
for 6 months?

3. Abstraction (10 minutes)

a. What are the things to consider in making financial projections assumptions?
b. What do you think is the significance of financial projections in business planning?

4. Application (10 minutes)

The students will be asked, “With the financial projections that you have created, will
you pursue your business? Why or why not?” Two to three students will be called to answer the
question orally.

IV. EVALUATION
The students will be evaluated based on their group activity.

V. ASSIGNMENT
Interview a business owner in your neighborhood. Ask them the following questions:
1. With the business that you have, what will you contribute to the community?
2. How can you help the community?
Report your output tomorrow.

Prepared by:

APRIL JOY C. LASCUÑA

Teacher I

Inspected by:

GRACE MAE G. FLORES

Master Teacher II
 FACT SHEET

Month October % Novembe % Decembe % January % February % March % Apr

2017 r 2017 r 2017 2018 2018 2018 il
201
8
Sales Forecast
Past Sales ₱660,000.0 66,000 726,000 72,600 798,600 79,860
0
Sales (10% (10% (10% 878,460 (10% 966,306 (10% 1,062,9 (10% 1,16
Forecast increase increase increase increase) increas 36.60 increase 9,23
) ) ) e) ) 0.26
Past Cost 477,000 72% 528,000 73% 596,000 75%
of Goods increase increase increase
Sold
Past 80,000 12% 90,000 12% 100,000 13%
Operating increase increase increase
Expenses
Cost of Sales Forecast
In 73.3% 73.3% 73.3%
Percentag increase increas increase
e Terms e
In Peso 643,911.1 708,302.30 779,13 857,
Value 8 2.53 045.
78
Operating Expenses Forecast
In 12.3% 12.3% 12.3%
Percentag increase increas increase
e Terms e
In Peso 112,300 126,112.90 141,62 159,
Value 4.79 044.
64

Note: The values highlighted with yellow are historical values. The values highlighted with green are projected values. The projected values are then placed
in the Projected Monthly Income Statement below.
Example of a Projected Income Statement
Table 3
Anong Sarap Bakery
Projected Monthly Income Statement
For The Period Ended January – April 2018
January February March 2018 April 2018
2018 2018
Sales ₱878,460.00 ₱966,306.00 ₱1,062,936.60 ₱1,169,230.26
Less: Cost of Goods Sold ₱643,911.18 ₱708,302.30 ₱779,132.53 ₱857,045.78

Gross Profit ₱234,548.82 ₱258,003.70 ₱283,804.07 ₱312,184.48

Less: Operating Expenses ₱112,300.00 ₱126,112.90 ₱141,624.79 ₱159,044.64

Net Income ₱122,248.82 ₱131,890.80 ₱142,179.28 ₱153,139.84

Projected Income from January to February will rise by 7.9%; from February to
March, the projected income will rise by 7.8%; and from March to April, the projected income
will rise by 7.7%. Therefore, for four months, there is an average of 7.8% increase in the income.