Professional Documents
Culture Documents
Q4-Week-7 and 8-Entrepreneurship - Module-2 - Business-Implementation
Q4-Week-7 and 8-Entrepreneurship - Module-2 - Business-Implementation
Entrepreneurship
Quarter 2 – Module 2:
Business Implementation
What I Need to Know
This module was designed and written with you in mind. It is here to help you
to explore business implementation for Entrepreneurship as a career. The scope of
this module permits it to be used in many different learning situations. The language
used recognizes the diverse vocabulary level of students. The lessons are arranged to
follow the standard sequence of the course. But the order in which you read them can
be changed to correspond with the textbook you are now using.
What I Know
Hi! Welcome to our lesson 5, how are you? I hope you’re doing good and enjoyed
the previous lesson we had. Just like the previous lesson, let’s have a pre-test to check
your prior knowledge about the topic. If you got a perfect score, you can skip this
lesson and proceed to the next module, but if you didn’t get a perfect score, you don’t
have to worry because this module will help and guide you to understand the topic
Are you ready? Let’s start.
II. Choose the letter of the best answer. Write the chosen letter on a
separate sheet of paper.
1
1. It is a written document that describes in detail how a business is going to
achieve its goals.
a. Business Certificates
b. Business Plan
c. Enterprise
d. Company
2. It is another word for a for-profit business or company, but it is most often
associated with entrepreneurial ventures.
a. Benchmark
b. Franchise
c. Enterprise
d. Corporation
3. It is calculated as total revenue less total expenses.
a. Profit
b. Asset
c. Financial forecast
d. Revenue
4. It is a short statement of why an organization exists, what its overall goal is.
a. Vision statement
b. Business Plan
c. Income Statement
d. Mission Statement
5. It is a sum of money provided to a company to further its business objectives.
a. Liabilities
b. Income
c. Capital investment
d. Expenditures
6. It is an estimation of revenue and expenses over a specified future period of
time and is utilized by governments.
a. Budget
b. Profit
c. Cash
d. Income
7. The one who places capital into a project or business with the intent of making
a profit from the initial placing of capital.
a. Entrepreneur
b. Manager
c. Investor
d. Customer
8. These are resources that your business owns or leases that provide economic
value.
a. Assets
b. Budget
c. Expenses
d. None of the above
9. It is based on a marketing concept which can be adopted by an organization as
a strategy for business expansion.
a. Organization
b. Marketing
c. Franchising
d. None of the above
2
10. It is a term for financial assets, such as funds held in deposit accounts and/or
funds obtained from special financing sources.
a. Salary
b. Income
c. Net-profit
d. Capital
Lesson
5 Business Implementation
Hi! We are now in our module 5, how are you today? I hope you enjoyed the
discussion and activities in our module 4. Before we talk about the business
implementation for Entrepreneurship as a career,
What’s In
3
1.
2.
3.
4.
5.
What’s New
Case Study
Read and Understand the Jollibee Business Concept and answer the given
questions below.
4
Question:
1. What are the differentiated business concepts that Jollibee won the hearts,
minds, and wallets of Filipino Consumers? Do you think these business
concepts are effective in outgunning the giant McDonalds? Explain your
answer.
_
2. If you’re going to build your own Food Industry like Jollibee, what would be
your business concepts and why?
What is It
Congratulations! You were able to know your career path as early as now.
Today, we will discuss the business implementation for Entrepreneurship as a career.
This will help you to know more of the Entrepreneurship (negosyo) curriculum exit.
Here is the introduction to business implementation that you may explore if you
pursue college education and have Entrepreneurship degree:
The next step for the entrepreneur is to have a very good business plan. It is a
wise thing to do in order to chart the course of the business properly and to focus the
efforts of the entrepreneur.
The purposes of the business plan are:
1. Entice partners, investors, and bankers to fund a business venture.
2. Communicate what the enterprise is all about, what market it wants to serve.
3. Show what financial returns it could muster.
The business plan should contain important information about the following:
5
The business plan should begin with business concept and the vision for the
enterprise in the next three to five years.
It should proceed to an enumeration of business objectives, key result areas, and
performance indicator. An overall enterprise strategy should then be articulated to
show how the performance could be attained.
Next, the business plan should contain an executive summary of the following:
1. The organizers and the key people behind the nosiness and why these people
have the resources, talents, skills, and technology to achieve success;
2. The market being targeted and why there is enough market potential to justify
the business;
3. How the business will be operated and organized, including all outsourcing,
subcontracting, franchising, and licensing agreements;
4. The products or services to be offered and why they are right for the market;
5. The investment capital required for the business and what exactly it would be
used for;
6. The technology, the technical expertise, the equipment, and material suppliers
to be utilized;
7. The capital structure (short and long term debt, stockholders’ equity) of the
business;
8. The operating budget, financial projections (income statement, balance sheet,
cash flow), and return on investment prospects; and
9. The risks in the business and the contingency measures to counterpart them.
The assets of the enterprise are financed by its liabilities. These liabilities are
composed of:
• Sole proprietorship
The simplest and easiest enterprise to organize. The owner or the entrepreneur
has sole control over the enterprise. He or she reaps all the profits and, also, all
the losses. But he or she will also incur all the risk.
The following are clearances that must be obtained to secure a mayor’s permit or
municipal license before they can operate in a locality.
➢ Barangay clearance
➢ Fire safety clearance
➢ Certificate of electrical inspection
➢ Certificate of occupancy
6
➢ Department of Trade and Industry (DTI) certificate
➢ Lease contract if space is leased
➢ Locational clearance
There may be additional requirements depending on the type of business and the
ordinances issued by the concerned local government.
• Partnership
If two or more persons bind themselves into a contract to contribute money,
property, and expertise in a common venture with the intention of dividing the
profits among themselves, then they would have entered into a partnership.
• General partnership
Is composed of partners who are liable individually and collectively to all those
who have claims against them.
• A limited partnership
Consist of partners who have limited liabilities while others in the partnership
have unlimited liabilities. A limited partner is not personally liable for all the
obligations of the partnership beyond his or her prorated capital contribution to
the partnership.
The partnership should obtain all the required government clearances, permits,
and licenses. It should get:
➢ A bank certificate of deposit on the money contributions of the partners; and
➢ The approval for its partnership name form the Department of Trade and
Industry.
• Corporation
The third form of business organization. Like the partnership, the corporation
also has a separate legal personality quite distinct from the investors who
contributed money to the enterprise.
1. Stock Corporation. Issues capital stocks divided into shares (or proportions of
the total capital). The corporation is authorized to raise capital that has a
corresponding number of shares.
2. Non-Stock Non-Profit Corporation. Is organized to carry out a purpose or
purposes other than generating profits for investors. All the surpluses (or profit
equivalents) generated by the corporation are not distributed to the funders in
the form of dividends. Rather, they are plowed back into the corporation or the
foundation to contribute further to the attainment of its mission.
3. Close Corporation. Has articles of incorporation that limit the ownership of
issued stocks to at most 20 persons. There are strict restrictions on the transfer
of stocks. The stocks cannot be listed in any stock exchange nor can any public
offering of shares be made.
4. Corporation Sole. It is a special form of corporation allowed by law, usually
associated with the clergy. The Corporation Sole is a trusteeship that is set up
for the purpose of administering and managing the affairs, property, and
temporalities of a church or group of clergy.
7
What’s More
Did you enjoy the mini-lesson of the module? To better understand it, let’s have
another activity. Enjoy!
Activity 1
Getting Started
1. If you were to set up a business venture, what would be your personal purpose
for doing so? What type of business would you set up? What would be the
mission of this enterprise? Craft a personal and an enterprise mission
statement.
2. What is your compelling business concept? What would be your vision for your
business five years after setting it up?
3. What name would you give to your business venture? What is the significance
of that name? Would it protect the image you desire for your business?
4. If you were to invite investors to your business, who would they be and why?
What are the possible sources of financing for your business venture?
8
What I Have Learned
How’s the activity? I hope you learned from it. This part is the generalization which
contains the summary of what you learned. I want you fill in the blanks to continue
the given sentences below.
1. All the market research must be done and the desired customer segment has
been targeted. Likewise, when the final location has been chosen and the new
product has been designed and developed, then .
2. The enterprise begins to have its own life and may have a purpose separate
from the personal mission of the entrepreneur maybe because
.
3. The entrepreneur must choose a very fitting name for the enterprise. A good
name identifies the company very well. The entrepreneur must think long and
hard about the name so that .
5. The entrepreneur must flesh out, into more specific details, the information
that a good business plan must contain .
7. For the government readers, the business plan should provide compliance
statements with all laws and regulatory provisions as an important matter in
.
8. The sole proprietorship is mandated by law to register the business with the
.
10. If the team in a business is not fully equipped technically and managerially,
then .
9
What I Can Do
Activity 2:
The Entrepreneur’s To-Do-List
Make a to-do-list that would help you go about establishing your own
enterprise. Base on the items that have been discuss in this module, there seems to be
a lot of tasks that need to be completed by the entrepreneur. Be as realistic as possible
in terms of what you can achieve in a day.
Start from a week’s worth of activities and then expand them to a month and so
on. You can be as detailed as possible (which should include time lines). For a more
organized calendar, you may refer to the sample below.
At the end of each day. Check or cross out the task/s that have been
accomplished.
Sample of Entrepreneur’s To-Do-List and Calendar
JANUARY 20XX
SUN MON TUE W ED THU FRI SAT
1 2 3 4 5 6 7
Brgy.
Clearance
8 9 10 11 12 13 14
Fire safety Certificate of
Clearance occupancy
15 16 17 18 19 20 21
Business
Permit
22 23 24 25 26 27 28
29 30 31
Assessment
Before the presentation of the mini-lesson, you had your pre-test right? Now, this will
serve as your post-test. This will test you if you were able to understand the lesson
well. Good Luck!
10
True or False: Write True if the statement is correct, and False if it is incorrect.
COMPLETE THE SENTENCES: Choose the correct word or phrase from the box to
complete each sentence.
PARTNERSHIP CONTRACT
11
Additional Activities
Answer the following questions or situations based on what you’ve learned from
the lesson.
1. What do you think is a very good business plan?
_
2. As an entrepreneur, what will be your criteria for hiring people? Why?
3. Amidst this pandemic situation, what will be the best business for you to
established? Support and explain your answer.
12
13