4

Mother of Perpetual Help School, Inc.

HELE

Quarter 1 – Module 1/ Week 1-2:

“ IMPORTANCE OF
ENTREPRENEURSHIP ”

Mr. Antonio Bantay Jr.

HELE – Grade 4
Alternative Delivery Mode
Quarter 1 – Module 1/ Week 1-2: Importance of Entrepreneurship

Republic Act 8293, section 176 states that: No copyright shall subsist in any
work of the Government of the Philippines. However, prior approval of the
government agency or office wherein the work is created shall be necessary for
exploitation of such work for profit. Such agency or office may, among other things,
impose as a condition the payment of royalties.
Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand
names, trademarks, etc.) included in this module are owned by their respective
copyright holders. Every effort has been exerted to locate and seek permission to
use these materials from their respective copyright owners. The publisher and
authors do not represent nor claim ownership over them.

Development Team of the Module

Writers: Mr. Antonio Bantay Jr.

Editor/ Review: Mrs. Norilyn Gillego
 4
HELE

Quarter 1 – Module 1/ Week 1-2:

“Importance of Entrepreneurship”

TABLE OF CONTENTS
 Title Page

Introductory Message 2
For the Teacher 2
For the Students 2
Reminder 2
What I Need to Know 3
What I Know 4
What’s New 5
What is It 6
What’s More 8
What I Have Learned 8
What I Can Do 9
Assessment 9
Additional Activities 10
Answer Key 11
References 12
Introductory Message
For the teacher:
Welcome to the HELE 4 Alternative Delivery Mode (ADM) Module on
Importance of
Entrepreneurship
This module was collaboratively designed, developed and reviewed by the
teacher or facilitator in helping the learners meet the standards set by the K to 12
Curriculum while overcoming their personal, social, and economic constraints in
schooling.
This learning resource hopes to engage the learners into guided and
independent learning activities at their own pace and time. Furthermore, this also aims
to help learners acquire the needed 21st century skills while taking into consideration
their needs and circumstances.
For the learner:
Welcome to the HELE 4 Alternative Delivery Mode (ADM) Module on
Importance of
Entrepreneurship
This module was designed to provide you with fun and meaningful opportunities
for guided and independent learning at your own pace and time. You will be enabled to
process the contents of the learning resource while being an active learner.
REMINDER:
The following are some reminders in using this module:
1. Use the module with care.
2. Don’t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do not
hesitate to consult your teacher or facilitator. Always bear in mind that you are not
alone.
We hope that through this material, you will experience meaningful learning and
gain deep understanding of the relevant competencies. You can do it!
 What I Need to Know

This module was designed and written with you in mind. It is here to help you will
find different activities where you can learn and show your understanding of the basic
concepts and principles of Importance of Entrepreneurship. 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.

The module has only one lesson with the title:

Lesson 1 – Importance of Entrepreneurship


After going through this module, you are expected to:

1. state the meaning of entrepreneurship;
2. describe the importance of entrepreneurship;
3. outline the qualities of a successful entrepreneur;

What I Know

A. Multiple Choice

Directions: Encircle the letter of the correct answer.

1.These are people who own, run, and take risks of a business undertaking.
a. Workers b.employees
c.entrepreneurs d. Entrepreneurship
2. People who possess skill that can turn good ideas into business.
a. Workers b.employees
c.entrepreneurs d. Entrepreneurship
3. An entrepreneur puts up a business in order to earn _______________.
a. car b. profit
c. house d. salary
4. Which among the following statements is a disadvantage of becoming an
entrepreneur?
a. can decide alone b. make a lot of money
c. making of new ideas d. risky
5. Who is the most important person in entrepreneurship?
a.businessman b. employee
c. entrepreneur d. workers

Lesson

1 HELE: Importance of Entrepreneur

You only need a small amount of money to start a business. Entrepreneurs can
engaged into different types of business. It can vary from micro, small and medium
enterprise. An entrepreneur can be regarded as person who has the initiative, skill and
motivation to set up a business or enterprise of his own.
An individual may also engaged into restaurant business or can be a
manufacturer of school bags or any items that produces quality products at affordable
prices.
 What’s New

ACTIVITY: ENTREPRENEUR MIND MAP

1. What do you think it means to be an entrepreneur?

______________________________________________________________________
______________________________________________________________________

2. What do you think are some of the characteristics of an entrepreneur?

______________________________________________________________________
______________________________________________________________________
_____________________________________________________________________

What is It

A. Entrepreneurs
 The word entrepreneur originates from the french word, entreprendre, which
means “to undertake”
 An Entrepreneur is the most important person in the business.
B. Entrepreneurship
 Entrepreneurship is the process creating something new with venture along with
any of its risks in order to make a profit. The most obvious example is the
starting of new business.
TYPES OF SMALL BUSINESS
1. Micro-business- The owner is the one manages the business and employs one or
two individuals to help him/her. Examples are: retail store, fruit vendor,fish vendor etc.
2. Small Business - owned and managed by an individual or a group with only enough
resources to continue its operations. Examples are: Bakeshop, mini grocery store etc.
3. Medium Business - owned and operated by single person, two business partners or
a corporation. Examples are: Supermarket, department store, Factory etc.
CONTRIBUTION OF ENTREPRENEURSHIP TO THE ECONOMY
Entrepreneurship contributions to socio-economic aspects are as follow
1. Promotes self-help and employment
2. When there are lot of businesses around us it gives us major benefits and help
improve the quality of life.
3. Entrepreneurship creates new product and services for the betterment of the society
in general. It makes life easier and comfortable.
4. Entrepreneurship generates wealth for the nation and for individuals as well.
5. An entrepreneur that hires people pays income taxes and also pays duties and
licenses in operating its business to government agency.
6. Entrepreneurs are considered inventors.
7. An entrepreneur makes use of and mobilizes these resources by converting it into
finished products . It helps a local industry that produces these raw materials.
Characteristics of an Entrepreneur
Personal Entrepreneurial Characteristics (PEC) is a combination of different
characteristics. Entrepreneurs are individual who are highly motivated and possess the
following qualities and traits which are clustered into three groups.
ACHIEVEMENT CLUSTERS
 Opportunity Seeking - Entrepreneur possess a characteristic discovering new or
different ideas that can be saleable in the market.
 Persistent - Entrepreneurs fo not give up easily. They learn more and more from
past mistake and continue to venture in a different line of business.
 Committed to the work contract - Entrepreneurs value commitment to work. They
always meet customers’ demand as promised.
 Risk-taker - Entrepreneurs calculate and study possible business ventures.
 Demands for quality and efficiency - Entrepreneur find ways to do things better,
faster, cheaper in the meeting standard of excellence from themselves and their
workers.
 What’s More
Activity 1.1 HOW DO ENTREPRENEURS MAKE YOU FEEL?

Direction: Design a concept map showing of the traits and skill that should possess in
order to succeed. Fill each petal of the flower below with your traits/skills needed to be
successful in your chosen career. Write your chosen career in the inner part of the
flower.
 What I Have Learned

1. Entrepreneurship is a process wherein brilliant ideas of an entrepreneur can

be turned into a business.
2. Entrepreneurs are the one who managed and operate their own business.
They create things into difference and get things started according to their plans.
3. Three types of small entrepreneurship- Micro-business, small business,
Medium business.
4. Achievement cluster includes; opportunity-seeking commitment to the work
contract, persistence, risk taking, demand for quality and efficiency.

What I Can Do

ACTIVITY 1.2
Directions: Entrepreneurship is a process of innovating existing products for a more
convenient way. The following are some products that were innovated by creative minds.
Cut or print and paste pictures the following items and complete the table below.
 Draw possible
Items Assessment
Picture year 1990 Picture year 2020 picture on your own
concept

CAMERA

TELEVISION

COMPUTER

TELEPHONE

Direction: Chooses the correct answer. Write the letter on space provided.

_________1. Entrepreneur in putting up a business bring benefits to people such as;

a. employees c. employment
b. c. Employer d. employer
_________2. Innovative and creative entrepreneurs help in the growth of the country
through:
a. engaging in business c. offering services to customers
 b. Managing a store d. providing job for unemployed
_________3. Improvement in the quality of life means:
a . ability to travel abroad c. building a house
c. Capability in buying a products or availing services needed
d. Purchase of clothes and toys

_________4. The following tell us about the contribution of an entrepreneur, which one
is NOT?
a. Improves quality of life
b. Make a lot of money
c. Provides employment
d. Provides social benefit
__________5. Entrepreneur provide social benefits, which among the following is NOT?
a. Buildings c. hospital
b. Education d. school services

Answer Key

What I know Assessment

1. D 1. A
2. C 2.A
3. B 3.C
4. D 4.A
5. C 5.D
References
Links:
http://stelr.org.au/wp-content/uploads/2018/07/Entrepreneur-Workbook.pdf

https://www.google.com/search?
sxsrf=ALeKk01no3_lSYJWV5lC4HtPMUy8Pph5VA:1598144454847&source=univ&tbm=isch&q=
blank+flower&sa=X&ved=2ahUKEwionp-
EkLDrAhWRMd4KHQ0OA1wQsAR6BAgKEAE&biw=1366&bih=608#imgrc=5M5gINa54sKxlM
BOOK :
EARLY LIVING AND EARNING
Authors: Eva Topacio and Agnes Del Rosario
Author/ Coordinator: Ma. Luz Lebrudo