HELE 4 - Entrepreneurship

​ENTREPRENEURSHIP & BUSINESS

HELE 4​ - Home Economics and Livelihood Education

​SUCCESSFUL ENTREPRENEURS

​QUALITIES OF AN ENTREPRENEUR

​Table of contents

HELE 4​ - Home Economics and Livelihood Education

​IMPORTANCE OF

ENTREPRENEURSHIP

Multiple Select

Who is an ENTREPRENEUR? Select all that applies.

• INNOVATOR OR A CREATOR WHO INTRODUCES

  SOMETHING LIKE NEW IDEAS.

• INDIVIDUAL WHO ENSURES SUCCESS OF A

  BUSINESS ENTERPRISE

• Individual, a group of

  people, or an organization to produce and

  sell for a profit

Multiple Select

Select all statements that describes ENTREPRENEURSHIP:

• Deciding on buying a franchise

• Art of starting a business

• Way of life and source

  of livelihood

• Researching for sales ideas

Multiple Select

Select all reasons that show the

IMPORTANCE OF

ENTREPRENEURSHIP:

• GENERATES

  EMPLOYMENT

• Makes life more

  convenient and improves the quality of

  life of families,

• Creates, uses, and

  promotes old and outdated technology

• Promotes

  lively

  competition among like-minded people

Multiple Select

Select all reasons that show the

IMPORTANCE OF

ENTREPRENEURSHIP:

• It identifies and

  explores business

  opportunities in different locations

• Makes life more

  convenient and improves the quality of

  life of families,

• It decreases the value

  of resources

• Creates and

  produces different

  products from available resources

​QUALITIES OF AN ENTREPRENEUR

Multiple Select

Select all that you think are good qualities of an entrepreneur.

• RESPONSIBLE - uses resources to achieve goals and gets things done

• PROACTIVE - do things you can control and take responsibility for your actions

• COMMITTED TO

  WORK - Dedicated to work, finish what you started

• COMMUNICATE

  WELL - speak well and able

  to express new ideas

• INFLEXIBLE - do not need to adjust to changing

  demands of customers

​One must be FLEXIBLE - able to adjust to changing

demands of customers and the business

Go​od qualities of an entrepreneur

​

​

Multiple Select

Select all that you think are good qualities of an entrepreneur.

• SHY - knows about the business but unable to control it and reluctant to gain other's trust

• TEAM PLAYER - works with a team and implements

  good and efficient work

• RESULT

  ORIENTED - set goals and able to achieve

  the desired outcomes

• RESILIENT - can handle stress from business

  and even with personal life

• OPPORTUNITY

  SEEKER - should be quick to

  see and grab business opportunities.

​Shyness to CONFIDENCE - knows about the business, able to control it and willing to gain other's trust

​​Good qualities of an entrepreneur

Multiple Select

Select all that you think are good qualities of an entrepreneur.

• RISK TAKER - assess things and decide on what best to do to achieve his business goals

• CLOSED MINDED - do not accept feedback about the business' performance

• OPTIMISTIC - welcomes challenges

  with a positive mind

• UNPROFESSIONAL - let personal likes and dislikes

  affects business decisions

• PERSISTENT - does not stop

  taking actions until problems are

  solved

Seeks feedback and

evaluation about the performance on

running a business.

​OPEN-MINDED

Is not likely to let personal likes and dislikes

stand in the way of seeking expert advise / assistance

in business decisions

​PROFESSIONAL

​Other good qualities:

Good qualities of an entrepreneur​

​

SUCCESSFUL

ENTREPRENEURS​

Entrepreneurship

Multiple Choice

Who founded ShoeMart, or now known as SM Department Store, the largest retail in the Philippines?

• Robina Gokongwei-Pe

• Henry the VIII Sy

• Henry Sy, Sr.

• Jaime Ayala

Multiple Choice

Who founded the Filipino children's favorite fastfood restaurant, Jollibee?

Now, Jollibee Food Corp also handles

• CHOWKING

• GREENWICH

• RED RIBBON

• MANG INASAL

• DELI FRANCE

• John Gokongwei

• Tony Tan Caktiong

• Henry Sy, Sr.

• Jaime Ayala

Multiple Choice

Who founded Mercury Drugstore, that started as a single drugstore along Bambang Street, Santa Cruz, Manila?

• John Gokongwei

• Tony Tan Caktiong

• Mariano Que

• Jaime Ayala

Multiple Choice

Who founded CDO Foodsphere, a company that produces different types of canned goods and processed food?

• Corazon Ong

• Robina Gokongwei-Pe

• Henry Sy, Sr.

• Corazon Aquino

Multiple Choice

Who founded MICROSOFT, the one that provides us Windows OS and Microsoft Office?

• Steve Jobs

• Mark Zuckerberg

• Dietmar Hopp

• Bill Gates

Multiple Choice

Who founded KFC - Kentucky Fried Chicken, an American fast food restaurant chain?

• Coronel Sanders

• Major Sandy

• Richard and Maurice McDonald

• Tony Caktiong

Some text here about the topic of discussion

• ​Socorro Ramos

• Mary Kay Ash

• Ricky Reyes

• Lolita H Dizon

• Lucio Tan

• Michael Newton

• Henry Ford​

• ​National Bookstore

• Mary Kay Cosmetics

• Ricky Reyes Salon

• Pampanga's Best

• Philippine Airlines

• CCTV systems

• Ford Moto​r Company

Multiple Choice

________ pertains to an individual, a group of

people, or an organization to produce and

sell for a profit , the goods and services that

satisfy society’s needs.

• Business

• Entrepreneurship

• Corporation

• Proprietorship

Multiple Select

Select THREE TYPE OF BUSINESS OPERATIONS out of the selections below:

• MERCHANDISING

• SALES

• MANUFACTURING

• SERVICE

Multiple Select

SERVICE business provides services to customers. In that case, select all that provide services below:

• Professional doctor helping the sick get better

• Teacher coaching the student to learn how to do multiplication

• Hotel manager ensuring your stay in the hotel is wonderful

• MRT Train Driver arriving on time to pick up passengers

Multiple Choice

MERCHANDISING - refers to businesses that sell goods and products. In that case, please select among the ones listed below, which one DOES NOT sell goods:

• Bert & Marie Wholesale and Retail General Merchandising

• Hair Depot Salon

• Lazada, Shopee, Zalora online stores

• Robinsons Supermarket

Multiple Select

Manufacturing - refers to businesses that convert raw materials using labor, tools, and processing machines to produce finished goods. Select all items that Manufacturing companies can do in their factories:

• Marikina shoes factory

• Rice and grain Warehouse

• Canned Good Manufacturer

• Car, Truck, and Van Importers

​PARTNERSHIP

​SOLE PROPRIETORSHIP

TYPE OF BUSINESS

ORGANIZATION

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​FRANCHISE

​CORPORATION

​COOPERATIVES

Resources are

limited to a single owner.

​The owner assumes al the risks,

​liabilities, and decision making

​

​

​Disadvantage

It is cheaper to

organize.

• It is easy to start and

operate.

​Advantage

​SOLE PROPRIETORSHIP

Some text here about the topic of discussion

​- OWNED BY A SINGLE INDIVIDUAL CALLED PROPRIETOR

It is harder and

more expensive to

organize.

​Disadvantage

Any profits, debts,

and decisions related

to the business are

shared responsibility.

​Advantage

​PARTNERSHIP

Some text here about the topic of discussion

​- Two or more individual may join to run the business

The control of

the business is

shared by the

members.

​Disadvantage

All members are equally important

​Advantage

​COOPERATIVES

Some text here about the topic of discussion

​- It is formed to meet the mutual needs of the workers.

​

More expenses

involved.

• More rules and

regulations to

comply with

​Disadvantage

The ownership of

a corporation is

divided into

shares of stock..

​Advantage

​CORPORATION

Some text here about the topic of discussion

​ - Owned by shareholders

Fees are to be paid

to the franchisor for

the royalties to

trademark and fees

for training and advice received

​

​Disadvantage

Instant customer base

​

Simply buying and

selling another

company’s business model.

​

​Advantage

​FRANCHISE

Some text here about the topic of discussion

​- uses another company’s successful business model to create a shop, restaurant, etc.