Module 4&5
Module 4&5
MODULE 4
CHAPTER 1
Planning the Enterprise
MOTIVATION
1. Do you ever dream to be an entrepreneur someday? Why?
DISCUSSION
Definition:
Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the
view of making the profit… The person who creates a new enterprise and embraces every challenge for
its development and operation is known as entrepreneur.
Relevance
The advantage of learning entrepreneurial skills over more traditional subjects is that they are not
uniquely relevant to a career as an entrepreneur. The skills needed to start your own business are relevant
in any field and would also be desirable
attributes for being an employee. In fact,
having a wide range of business-relevant
skills acquired through studying
entrepreneurship would make you an ideal
candidate in most fields. Therefore, skills
taught in entrepreneur courses generally
apply to all areas of industry and do not kill
creativity or block opportunity to a specific
career.
While the society all around is developing with technology and innovations, the K-12 schools have been in a
stagnant scenario. Education is the driving force behind every country’s economy, directly or indirectly. Sure,
many schools have adapted to modernization, and have started making students work in groups to solve problems,
learn online and integrate science with arts. But it is noticed even then, students that are graduating lack the
advanced skills and innovative thinking to work through the modern day challenges in the workplace. Thus,
entrepreneurship, the capacity to not only start companies, but also to think creatively and ambitiously, is very
important to be included in school curriculum.
Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and
nurture unconventional talents and skills. It creates opportunities, ensures social justice, instills confidence and
stimulates the economy. Entrepreneurship education is a lifelong learning process, starting as early as elementary
school and progressing through all levels of education, including adult education.
Introducing young kids to entrepreneurship develops their initiative and helps them to be more creative and
self-confident in whatever they undertake and to act in a socially responsible way. There are many ways
entrepreneurship lessons can be integrated in the school curriculum.
Learning a Business
Language arts
Students can be challenged to come up with business ideas or products, that they think others would be
interested to buy. Students can then debate on the potential audience for the product and how they can make
modifications to it, which will be more alluring to their audience. Students can also deliberate on with what and
whom this product will be competing with.
Thinking skills
Teach students to think on, what’s positive or strong about their work and let them ponder on their weaknesses
to find the changes needed to make their product more interesting. Let students to understand, passion and
satisfaction to come up with their own original ideas to persevere in the project with what limited resources they
have.
Imagining
Creativity dwells within imagination. Pass around common objects to students and make them imagine that
object in a different outlook, it will help students to see the same object through a different perspective. It will
make students to see possibilities in a common object in a new way.
Research skills
Have students to look through the yellow pages to spot businesses and interesting names, and then categorize
these results in superlative forms of adjectives, foreign words, what the business produce or sells, geographic
locations and their functions.
Teaching entrepreneurship skills through school is a process, and it is highly recommended that students be
left free to find their calling through it. Teachers should also be provided guidelines to manage students and help
them to foster a pleasant environment for students to grow.
Activity:
2. Collect some more definitions of “Entrepreneur”. Ask you’re your friends, family, and classmates what they
think the definition is. (write down)
References:
SHS-Applied_Entrpreneurship-CG.pdf
https://www.europeanentrepreneurship.com/need-study-learn-entrepreneurship-education/
https://theknowledgereview.com/the-importance-of-entrepreneurship-in-school-curriculum
MODULE 5
CHAPTER 1
Planning the Enterprise
OBJECTIVES
At the end of this lesson, the learner should be able to implement the business plan, specifically the
learners must be able to:
MOTIVATION
1. What product do you want to sell? Why?
DISCUSSION
Studying entrepreneurship benefits students and learners from different social and economic backgrounds because it
teaches people to cultivate unique skills and think outside the box. Moreover, it creates opportunity, instills confidence,
ensures social justice and stimulates the economy. Entrepreneurship education also provides budding entrepreneurs with
the skills and knowledge to come up with business ideas and develop their own ventures. And this includes helping them
to learn about core business areas such as finance, sales, marketing, management and accounting, not to mention, broader
ranging skills such as adaptability, effective communication, and confidence.
Tap Into Unrealized Talents
Standard education programs ranging from elementary schools to universities are optimized to reflect the “education
for everyone” model. While the idea behind this movement is great and essentially good, it doesn’t mean that it brings out
the best in the students. Many students float away from their talents because they are pushed to study maths, history, or
the arts.
Learning entrepreneurship is very different from learning anything else. The very concept of the program is to help
the students identify their strengths and talents and to work on improving them. In real-world examples, we can see many
successful entrepreneurs who were very bad students in their time. Both Mark Zuckerberg and Bill Gates are college
dropouts and look at them now.
Risk is Something to Live With
Another important lesson that entrepreneurship programs teach students is that risk is something natural, something
that we have to live with, and something that has to be managed. There is no other school program that teaches this.
In fact, if we are being honest, most of us have been thought throughout our education that we need to stay away from
the risks and that certainty is the best path to take.
In the world of business, risk is a common occurrence. And to be able to succeed in it, you have to work on your
character traits – risk-taking and persistence. An entrepreneurship program fosters these character traits. This is why it’s
beneficial for students when they find themselves in a real-life situation.
Critical Thinking
The ability to think critically is essential to your success in the world of business. Unfortunately, it’s not something
that is being nurtured in the traditional schools. Why is this important? A company is not something bound to run
smoothly forever, especially today, when markets are more volatile than ever. Not to mention the harsh competition.
Benefits to Society
Moreover, skills associated with entrepreneurs, such as financial literacy, money management, and strong
interpersonal skills are not only beneficial but also relevant for day-to-day life. Nonetheless, the benefits of
entrepreneurship studies go beyond being purely personal; they’re also beneficial to society. The economic benefit of
entrepreneurs to society has never been in doubt. New enterprise and entrepreneurial innovation are critical for any
society to be globally competitive, with technological advancements creating new jobs.
Students learn to understand the product development cycle, come up with their own unique business proposals,
and deliver multiple pitch presentations.
This process results in a superior college prep experience that serves our students long after they've graduated
high-school.
Entrepreneurship education does not just benefit those entering the fields of science, technology, and business.
Students of art, music, and humanities can develop their imagination and learn how to apply creative thinking
skills to real-world problems.
(Further discussion on your next module about crucial life skills.)
Discussion Activity:
1. Make a draft of your own unique business proposal. (business name, product, target place, selling price, and a
“quote” that describes your product). (use the back of this page if necessary).
References:
SHS-Applied_Entrpreneurship-CG.pdf
https://www.europeanentrepreneurship.com/need-study-learn-entrepreneurship-education/
https://theknowledgereview.com/the-importance-of-entrepreneurship-in-school-curriculum