ENTREPRENEURSHIP

Student’s Name: Grade & Section:

Parent’s Name & Signature: Score:

MODULE 4
CHAPTER 1
Planning the Enterprise

LESSON 4: RELEVANCE OF THE COURSE

OBJECTIVES
At the end of this lesson, the learner should be able to implement the business plan, specifically the
learners must be able to:

1. Discuss the relevance of the course;

MOTIVATION
1. Do you ever dream to be an entrepreneur someday? Why?

DISCUSSION

“Why We Need to Study and Learn Entrepreneurship?”

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.

MS. MA. SUZY B. OLASO-ELUMBA 16

 ENTREPRENEURSHIP
Although we may have an inherent aptitude for a discipline or subject, any skill can be improved if
there’s a willingness to learn. We live in a world where the future is uncertain, and it belongs to creators
and innovators. And that’s why it’s important to learn and study entrepreneurship. Entrepreneurship
education serves as an excellent foundation for the types of creative, innovative ideas we need to succeed
in the 21st century.

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.

The Importance of Entrepreneurship in School Curriculum

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

MS. MA. SUZY B. OLASO-ELUMBA 17

 ENTREPRENEURSHIP
Students can practice writing, interview questions and conduct interviews with entrepreneurs. The information
can then be compiled into a directory of the types of goods and services, locations, and hours of the businesses.
Students can then discuss the location, advertisement and the products involved in the 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:

1. Write down what you think “entrepreneurship” means to you.

MS. MA. SUZY B. OLASO-ELUMBA 18

 ENTREPRENEURSHIP

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

Student’s Name: Grade & Section:

Parent’s Name & Signature: Score:

MODULE 5
CHAPTER 1
Planning the Enterprise

LESSON 5: Nurtures Personal Growth and Development

OBJECTIVES
At the end of this lesson, the learner should be able to implement the business plan, specifically the
learners must be able to:

1. Discuss the relevance of the course;

MOTIVATION
1. What product do you want to sell? Why?

MS. MA. SUZY B. OLASO-ELUMBA 19

 ENTREPRENEURSHIP

DISCUSSION

“What Is Entrepreneurship Education?”

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.

MS. MA. SUZY B. OLASO-ELUMBA 20

 ENTREPRENEURSHIP
Learning entrepreneurship exposes students to numerous opportunities to learn how to think critically and analyze the
pieces on the board. Being aware of all the important factors and seeing how they affect each other is the foundation of a
smart decision-making process.
This is not something that can be learned from a book. Students have to be exposed to real-world examples and learn
from their own experience.

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.

Be Able to Make a Difference

The world has never been more in need of students who are trying to make a difference than it is today. And this is the
very definition of entrepreneurs. Yes, their goal is to sell products and services, but this is just one piece of the entire
puzzle. To become successful at it, they have to identify the real needs and problems of people and solve them.
Even fresh out of the entrepreneurship education program, the students have this unique mindset: find problems that
need to be solved, invent a solution for them, and, ultimately, make the world a better place.
Preparedness for Real Life
As our education system becomes plagued with rigid testing and standards, opportunities to innovate, collaborate and
demonstrate proficiency in real life situations become rare. In addition to encouraging people, entrepreneurship education
requires students to be innovative, creative and collaborative with others.
If our current society is to benefit from the benefits of entrepreneurship, it’s only fair that we equip ourselves with the
training to do so. On the flip side, the personal benefits of studying entrepreneurship spread far beyond the business world
leading to an arguably more prosperous livelihood. It goes without saying that we as a society should be doing more to
help develop our entrepreneurial minds.
It is no surprise that more and more university courses include what should be the centerpiece of contemporary
education: entrepreneurship. Thanks to forward-thinking individuals and organizations some institutions of higher
learning have made entrepreneurship courses requisites for graduation. Some programs already encourage students to start
their own companies as early as the high school while certain schools are working with investors and venture capitalists to
fund startups.
Nowadays, studying and learning the art of entrepreneurship is easier thank you think.
To Students
An entrepreneurship-focused education can help
middle and high-school age students develop crucial life
skills that will serve them well beyond the classroom walls.
Entrepreneurship education focuses on developing
real-world skills that will help students to lead exceptional
lives in a rapidly changing world.
Entrepreneurship education teaches students crucial
life skills, such as:

MS. MA. SUZY B. OLASO-ELUMBA 21

 ENTREPRENEURSHIP
• How to collaborate and work with a team
• How to speak in public and prepare an effective presentation
• How to collect and analyze data
• How to use social media as an advocacy tool
• How to solve real, complex problems that don’t have a definitive answer
• How to use curiosity and creativity to find an innovative approach to difficult problems

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

MS. MA. SUZY B. OLASO-ELUMBA 22

 ENTREPRENEURSHIP
***We will continue discussing the Business Plan after I discuss this module about Relevance of the course***

MS. MA. SUZY B. OLASO-ELUMBA 23