ENTREPRENEURSHIP

https://search.yahoo.com/

Quarter 1 Week 2 Module 2

Learning Competency: Explore job
opportunities for entrepreneurship
as a career
 Learning Module for Entrepreneurship

HOW TO USE THE MODULE?

As you start studying the module, I want you to set aside other task/s that may disturb
you while enjoying the lessons. Read the instructions below to successfully enjoy the
objectives of this kit. Have fun!
Follow carefully all the contents and instructions indicated in every page
of the module.
Write in your notebook the concepts about the lessons. Writing enhances
learning, which is important to develop and keep in mind.
Perform all the provided activities in the module.
Let your facilitator/guardian assess your answers using the answer key
card.
Analyze conceptually the post-test and apply what you have learned.
Enjoy studying!

PARTS OF THE MODULE

 Expectations - This will give you an idea of the skills or
competencies you are expected to learn in the module.
 Pre-test - This will measure your prior knowledge and the concepts you are to master
all throughout the module.
 Looking Back to your Lesson - This section will measure what competencies and
skills you have learned from the previous lesson.
 Brief Introduction- This section will give you an overview of the module.
 Activities - These are sets of activities you will perform with a partner.
 Remember - This section summarizes the concepts and applications of the module.
 Check your Understanding - It will verify the concepts and competencies
you learned from thelesson.
 Post-test - This will measure how much you have learned from the entire module

2
 Learning Module for Entrepreneurship

Competencies in Entrepreneurship and Job

Lesson
3 opportunities for
Entrepreneurship as a career

EXPECTATIONS
After going through the module, you are expected to:
1. Gain insights about the competencies every Entrepreneur should develop.
2. Explore job opportunities for Entrepreneurship as a career.

You may start your journey in learning more on the competencies of entrepreneur
and the job opportunities for entrepreneurship as a career. Are you excited to
answer the Pre-test? Smile and Enjoy!

PRE-TEST

DIRECTIONS: To check your prior knowledge about the topic, please list down at least five (5)
competencies in entrepreneurship and five (5) job opportunities for Entrepreneurship as a career. Write
your answer in the space provided.

Competencies in Entrepreneurship Job opportunities for Entrepreneurship as a career

1. 1.
2. 2.
3. 3.
4. 4.
5. 5.

You have finished answering the pre-test. You may request your facilitator/guardian to check
your work. Congratulations and keep on learning!

LOOKING BACK TO YOUR LESSON

As you go further, let us try to recall about the concept of Entrepreneurship.

Entrepreneurship is a catchword in this era of globalized economy. It is a foundation

3
 Learning Module for Entrepreneurship
and catalyst for economic growth and innovation across nations (Edralin, D. M., 2016).

Common Elements of Entrepreneurship (Edralin, D. M., 2016):

 Innovation
 Opportunity seeking and exploitation
 Resource mobilizing
 Encountering risks and uncertainties
 Economic and personal rewards

Roles of Entrepreneurship and Entrepreneurs in Economic Development and Society (Edralin, D. M.,
2016):

 Creates employment
 Develops new markets
 Introduces innovation
 Generates new sources of materials
 Stimulates investment interest in the new business ventures being created
 Improves the quality of life
 Serves as role models
 Brings social benefits to the people
 Utilizes and mobilizes indigenous resources
 Provides more alternatives for consumers

Entrepreneurs are found everywhere around the globe and they are a distinct group of business
people who contribute to the development of the society. They are the founder and creator of the enterprise
who make use of the opportunities that abound to start or grow business, knowing that there are risks
involved in such undertaking (Edralin, D. M., 2016).

MAKE MEANING- INTERNET ASSSISTED ACTIVITY

DIRECTIONS: Give the meaning of the following word/phrase in each item. You may use the internet to
define the given word/phrase. Write your answer in the space provided.

1. Competency
2. Job Opportunities
3. Enterprise
4. Creative thinking
5. Managing Change

4
 Learning Module for Entrepreneurship

BRIEF INTRODUCTION

Are entrepreneurs born or made?

This question has long been debated with little agreement. However, as cited by
Longenecker, J.G., et.al. (2016), Stephen Spinelli and Robert Adams described
entrepreneurs as having and
exhibiting “desirable and acquirable attitudes and behaviors” such as commitment and determination,
leadership, opportunity obsession, risk-takers, motivation to excel, creativity, self-reliance, and adaptability.
According to (www.ideasforleaders.com), competencies such as risk seeking, assertiveness and vision are
considered typical of a successful entrepreneur. But these are innate predispositions or aspects of
temperament; by using them as yardstick, it is wrongly concluded that only certain types of people make
good entrepreneurs or are capable of worthwhile innovations.

Is there such a thing as a ‘natural-born entrepreneur’?

Accordingly there is not. Specific techniques and habits must be practiced and developed by all
would-be entrepreneurs. Aside from business competencies, entrepreneurs need interpersonal and self-
leadership skills too; however, these are often overlooked. Entrepreneurial behavior‟ can be learned
and developed (www.ideasforleaders.com).

The question is not who entrepreneurs are, but what they do, and more important than business
skills can be other competencies that provide a foundation for those business skills
(www.ideasforleaders.com).

Furthermore, according to www.ideasforleaders.com, there are three levels of competencies, which

all entrepreneurs need:
1. Personal competencies – These are your abilities to ground yourself so that you are secure and
self-assured in whatever situation you may find yourself (www.free-management-ebooks.com).
Ex. creativity, determination, integrity, self-criticism.

2. Interpersonal competencies – These are your ability to lead, influence, communicate,

supervise, negotiate, and control people at all levels. It is the ability to get along with people and
motivate people to perform jobs. Entrepreneurs must effectively manage people (baseread.com).
Ex. communication, engagement, delegation

3. Business competencies – These are set of particular abilities and knowledge that sets a company
apart from its competitors (yourbusiness.azcentral.com). It also refers to the key characteristics that
successful entrepreneurs should have in order to be successful (www.mustangbols.com).
Ex. business vision, financial management, networking

5
 Learning Module for Entrepreneurship
Core vs. Common Competencies in Entrepreneurship

Competencies in entrepreneurship play a leading role in making entrepreneurs successful

(baseread.com).

Entrepreneurial competencies facilitate opportunity recognition, help adapt rapidly to changes,

enhances business performance, strengthen the firm‟s competitive position and stir the achievement of
organizational success. It is the sum total of the personality, skills and knowledge that the entrepreneur
possesses, which are necessary to effectively perform their functions and responsibilities (Edralin, D. M.,
2016).

Competence is an underlying personal characteristic which leads to superior performance. It is a

combination of knowledge, skills, attitudes, and motives (baseread.com).

Core competence is the foundation for sharpening a company's competitive edge and it guides
brand reputation, business growth, and marketing strategy (www.thebalancesmb.com).

Common competence is one that describes the knowledge, skills and abilities found in most or all
position(www.ifpm.nifc.gov).

Examples of Core and Common Competencies in Entrepreneurship

Core Competencies Common Competencies

1. Organizing and Planning 1. Analytical and critical thinking
2. Cash flow management 2. Decision making
3. Personnel management 3. Leadership
4. Operations and distribution 4. Communication
5. Customer Relations 5. Computer Literacy
6. Bookkeeping/Accounting 6. Human Relations
7. Promotions and Advertising 7. Managing Change
8. Resources Management 8. Creative Thinking
9. Financial Management 9. Time Management
10. Information Management 10. Conflict Management

Job Opportunities for Entrepreneurship as a Career

If you‟re an aspiring entrepreneur, there are different career paths you can take to turn your dream into
a reality. Which path you choose will depend on your experience, skills, finances, and flexibility, as well as
your goals for the future (Doyle, A., 2020).

Career opportunities you might pursue according to Michalowicz (2011) as cited by Edralin, D. M.,
2016):

6
 Learning Module for Entrepreneurship

Entrepreneurship Career Opportunities for the Entrepreneurship Career Opportunities for the
Academic Track TECHVOC Track
 Business Consultant Fine Arts
 Sales  Artist
 Research and development  Graphic designer
 Not-for-profit fundraiser  Photographer
 Teacher  Art gallery manger
 Talent recruiter  Film director
 Business reporter Fashion Designing
 New venture creation  Designer wear production
 Career in existing entrepreneurial  Fashion marketing, planning and concept
ventures management
 Fashion media design management
 Fashion accessory design, quality control,
and promotion brands
 Costume designer
 Fashion consultant and personal stylist
 Technical designer and graphic
designer
 Fashion coordinator
Sports
 Health club manager
 Strength, wellness or conditioning coach
 Fitness program or event planning manager
 Professional or amateur team
manager
 Sports facility manger
 Corporate fitness director
 Rehabilitation center director
 Nutrition center manager
Other TECHVOC Track
 Cook/Chef
 Automotive mechanic
 Electrician
 Technical support specialist
 Tool keeper and technician
 Network support Associate
 Mechanical technologist

7
 Learning Module for Entrepreneurship
Note: Most would-be entrepreneurs, however, remain self-employed, preferring to be the boss.

Reasons why many would like to become an entrepreneur (www.scu.edu):

1. Achievement, Challenge, & Learning

2. Independence & Autonomy – you can set your own goals, pick their own partners, and face the
consequences of your decisions.
3. Income Security and Financial Success
4. Recognition and Status
5. Family
6. Dissatisfaction with Current Work Arrangements
7. Community and Social Motivation

ACTIVITIES
Activity 1. Read and analyze the facts about the competencies in Entrepreneurship below. Determine
whether the statement is TRUE OR FALSE. Write TRUE if the statement is correct and write FALSE if
otherwise. Write your answer before the number.

1. Entrepreneurship can be learned by anyone, it‟s not something that can simply learn in a
classroom.
2. Certain skills, such as communication, delegating and respecting others can only be acquired
through practice and developing „habits of character‟.
3. Habits of character may not strictly be related to business but are to do with the kind of
person the entrepreneur is and what he/she does.
4. An entrepreneur has to have certain cultivated and inherent qualities in order to make a
success of his or her venture.
5. Hard work and determination to win have made many successful business people to reach their
aspired goals.
6. An Entrepreneur must hesitate for personal or other reasons.
_7. Business involves many risks, which an entrepreneur must hesitate to take.
8. New ideas help make a business venture successful.
9. Certain attributes are essential for an Entrepreneur to establish his or her business on sound
footing.
10. The only way to acquire the habits essential for entrepreneurs is by acting in a way
inconsistent with them.

8
 Learning Module for Entrepreneurship

Activity 2. Read and analyze the competencies below that every entrepreneur should develop and identify whether this
refers to Personal Competencies, Interpersonal Competencies, or Business Competencies. Write your
answer in the space provided.
1. Emotional balance 6. Resource Management skill
2, Negotiation skills 7. Resiliency
3. Leadership skills 8. human relation
4. Persistence 9. Respect
5. Charisma 10. Tenacity

Activity 3. Word Search: Please search for the ten (10) competencies of an entrepreneur in the box below.
Clues are provided. Encircle the word in the box and write it before the clue.

Competencies of Entrepreneur

R N G E X J F W R E I R N L W
V E N C V C A C I N K M Z H R
C T I S Q I P R C T L N C E O
F W K N X W T H Z E A N S S Y
O O R X N W S A C R I O T P T
L R O I O O D P E P U G A K J
K K W J A O V T D R J N S L H
Z I D H L L F A C I C I C B X
I N R M K N T E T S R R G W D
W G A R B M F O R I T I N M T
N H H Z J U L M S N V N I A U
A C G I L S F K X G L E K B H
B E V I T I T E P M O C A P Y
D E T E R M I N E D R C T H O
T N E D I F N O C B P Y J M Y
Clues:
1. Showing assurance and self-reliance
2. Firmly resolved
3. Capable of devising ways and means
4. Showing initiative and willingness to undertake new projects
5. Having the quality of something created rather than imitated
6. Introduce something new or different
7. As good as or better than others of a comparable nature
8. The act or fact of doing something that involves danger

9
 Learning Module for Entrepreneurship
9. Habitually engaged in earnest and energetic work
10. The cultivation of productive relationships for employment or business

REMEMBER
 Commonly, competencies such as risk seeking, assertiveness and vision are considered typical
of a successful entrepreneur.
 Entrepreneurial behavior’ can be learned and developed.
 Personal competencies – This are your abilities to ground yourself so that you are secure and self-
assured in whatever situation you may find yourself.
 Interpersonal competencies - It is the ability to lead, influence, communicate, supervise,
negotiate, and control people at all levels. It is the ability to get along with people and motivate people
to perform jobs. Entrepreneurs must effectively manage people.
 Business competencies - is a set of particular abilities and knowledge that sets a company apart
from its competitors. It also refers to the key characteristics that successful entrepreneurs should
have in order to be successful.
 Entrepreneurial competencies refers to the sum total of the personality, skills and knowledge that
the entrepreneur possesses, which are necessary to effectively perform their functions and
responsibilities (Edralin, D. M., 2016).

CHECK YOUR UNDERSTANDING

DIRECTIONS: Aside from the given examples in the above discussions, enumerate
what is asked in the box. Write your answer in the space provided.

Competencies in Entrepreneurship
Personal Competencies: 1.
2.

Interpersonal Competencies: 1.
2.

Business Competencies 1.
2.

Core Competencies: 1.
2.

Common Competencies:

10
 Learning Module for Entrepreneurship
1.
2.
Job Opportunities for Entrepreneurship as a Career
Possible business venture: 1.
2.

Possible full-time job: 1.

2.

Reasons why many would like to become an entrepreneur: 1.

2.

POST-TEST
Identification. Read and analyze the statements below and identify whether it requires a common
competency or core competency. Write A if it is a common competency and B if it is a core competency.
Write your answer in the space provided.

1. Writing business correspondence.

2. Preparing income statement
3. Designing for packaging and labelling.
4. Relating with staff and co-workers.
5. Managing quality customer service.
6. Giving solution to a problem.
7. Coordinating with channel of distribution.
8. Negotiating with suppliers.
9. Adopting to work environment.
10. Able to operate computer system and applications.

Multiple Choice. Read and analyze the statements below and then write the letter of the best answer in the
space provided.

1. Ronald is graduating SHS. After his graduation, he is planning to put up a computer shop.
What core competency he needs to develop?
A. Arts and design B. Systems and application
C. repairs and maintenance D. machine and equipment
2. Leticia is an employee of a fast-food chain. What common competency she needs to develop?
A. Time management B. Managing Conflict
C. Leadership D. Critical thinking
3. Mang Tomas is the owner of the Tomas Welding Shop. What common competency he
needs to develop?

11
 Learning Module for Entrepreneurship
A. Change management B. Human Relations
C. Time management D. AB&C
4. If Promotions and Advertising are core competency in Entrepreneurship;
is a common competency in Entrepreneurship.
A. managing sales B. listening to the sentiments of workers
C. coordinating with partners D. Conducting research
5. If good human relations is to Interpersonal Competency; Visioning is to
.
A. Personal competency B. Core Competency
C. Common Competency D. Business Competency

REFLECTIVE LEARNING
Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the
box and nurture unconventional talents and skills. Hence, you need to think about and reflect on the
following questions (www.excite.com/education/business/entrepreneurship/careers):

 How long does it take to start a career in entrepreneurship?

The amount of time it takes to make it as an entrepreneur depends on the field you choose to venture
into. Since entrepreneurs can exist in any sector of the economy, there is a vast and almost never-ending
list of paths to choose from. Therefore, you cannot define a single time-frame for careers in
entrepreneurship.

 What are the requirements for a career in entrepreneurship?

The first thing you need to do is find the right business idea and get education according to it. You
will then need to make a business plan and define your target market. Once you have established these,
you should start networking and selling your idea into your targeted market.

 How much can I make with a career in entrepreneurship?

The salary figures for entrepreneurs vary according to the field they venture into and how well their
idea sells in the market. If your idea is unique and useful, you might end up making a lot of money.

 What skills do I need for entrepreneurship career?

To become a successful entrepreneur, you must demonstrate good skills and should be educated
in the field. Some skills that can turn out to be useful are: communication skills, leadership skills, analysis
skills, decision making skills, problem solving skills, critical thinking skills, and management skills.

12
 Learning Module for Entrepreneurship

Congratulations! You are almost done in this module. Please write your idea on the situation
below.

DIRECTIONS: As would-be Entrepreneur, you are tasked to write down at least 3 career
opportunities which attract you most. Indicate what competencies you need to enhance
in order to become successful in these
opportunities. Write your answer in the space provided.

E-SITES
To further explore the concept learned today; please watch the video about “Young
Entrepreneurs Success Story”. Follow the link below:
www.youtube.com/watch?v=j7wZogQhmFE

REFERENCES
Books

1. Edralin, D. M. (2016). Entrepreneurship. Vibal Group Inc. Quezon City

2. Longenecker, J. G. (2016). Entrepreneurship. JO-ES Publishing House, Inc. Valenzuela City

Websites

1. Doyle, A. (2020). The Best Jobs for Aspiring Entrepreneurs. Retrieved from:
https://www.thebalancecareers.com/best-jobs-for-aspiring-entrepreneurs- 4160409

2. Shukla, A. (2009). Top 7 Personal Competencies of an Entrepreneur. Retrieved from:

https://www.paggu.com/entrepreneurship/top-7-personal-competencies- of-an-entrepreneur/

3. Tarver, E. (2019). Interpersonal Skills. Retrieved from:

https://www.investopedia.com/terms/i/interpersonal-skills.asp

4. Personal Entrepreneurial Competencies (PECS). Retrieved from:

https://www.mustangbols.com/animation-2d/pecs

13
 Learning Module for Entrepreneurship

5. Three competencies every entrepreneur should develop. Retrieved from:

https://www.ideasforleaders.com/ideas/three-competencies-every- entrepreneur-should-develop

6. Definition of terms. Retrieved from: https://www.merriam-

webster.com/dictionary

7. Personal Competencies Dictionary. Retrieved from: https://udayton.edu/

hr/_resources/documents/CompetencyDictionary.pdf

8. Emotional Intelligence and Personal Competence. Retrieved from: www. free- management-
ebooks.com/faqpp/understanding-07.htm

9. What Is the Definition of Interpersonal Competence? Retrieved from:

https://www.reference.com/world-view/definition-interpersonal-competence- f91084426191b7ca

10. Examples of Business Competency. Retrieved from:

https://yourbusiness.azcentral.com/examples-business-competency- 9072.html

11. What Entrepreneurship is: Competencies and Development. Retrieved from:

https://baseread.com/what-entrepreneurship-is-competencies-and- development/

12. The 3 core competencies entrepreneurs must master to succeed. Retrieved from:
https://www.bizjournals.com/bizjournals/how-to/growth- strategies/2017/04/the-3-core-
competencies-entrepreneurs-must-master.html

13. The Definition of Core Competency in Relation to Business. Retrieved from :

https://www.thebalancesmb.com/core-competency-in-business-2948314

14. Competency Descriptors. Retrieved from: https:// www.ifpm.nifc.gov/

standard/standard/Common_ Competencies.pdf

15. Careers in Entrepreneurship. Retrieved from:

http://www.excite.com/education/business/ entrepreneurship/careers

16.50 Best Small Scale Cottage Industry Business ideas for 2020. Retrieved from:
https://www.profitableventure.com/cottage-industry-business-ideas/

17. Reasons People Become Entrepreneurs. Retrieved from:

https://www.scu.edu/illuminate/thought-leaders/drew-starbird/7-reasons- people-become-
entrepreneurs.html

14
 Learning Module for Entrepreneurship

Acknowledgement
Writers: Farida F. Tallud, DBM
Jupiter Q. Whiteside, MBA

Editors: Isabel A. Gumaru, DBA

Clarabelle V. Dalimit, DEM

Evaluator: Ellaine I. Dela Cruz, DBA

Validators & Reviewers: Remylinda T. Soriano, EPS, Math

Angelita Z. Modesto, PSDS
George G. Borromeo, PSDS

Management Team: Maria Magdalena M. Lim-Schools Division Superintendent-

Manila, Aida H. Rondilla-Chief Education Supervisor Lucky S. Carpio-EPS and Lady
Hannah C Gillo, Librarian II-LRMDS

15