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ABUYOG COMMUNITY COLLEGE

SCORE
ABUYOG, LEYTE
A.Y. 2020-2021

IC 1 – ENTREPRENEURIAL MIND SETTING

WORKSHEET No. 1
THE ORIGIN AND NATURE OF ENTREPRENEURSHIP

Name: _________________________ Course, Year & Section: __________________

I. Read the questions carefully. Kindly provide brief and concise answers.
1. In your own understanding, what is Entrepreneurship? (5 pts.)

-Entrepreneurship is defined as the act of starting and running your own business or a tendency

to be creative and wish to work for yourself in your own ventures. An example of

entrepreneurship is a person who is running his own business.

2. Based on your observation, what is the status of entrepreneurship here in the Philippines? (5
pts.)
The status of entrepreneurship here in the Philippines is an actively high in terms of being a

founder in economic growth development because there is a lot of an entrepreneur in the

Philippines who have been successful in their undergoing businesses.

3. Among the seven (7) socio-economic benefits of entrepreneurship, which one is the greatest?
Back up your answer with an explanation. (5 pts.)

Among the seven socio-economic benefits of entrepreneurship the greatest one is to improve

quality of life in which those people who have been entering in a small business and the next day

they become successful in their business so in that case they will improve the quality of life.

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4. What do you think are the challenges that our Filipino entrepreneurs are facing as of now?
What will you recommend to overcome those challenges? (5 pts.)
The challenges that our Filipino entrepreneur facing as of now is having a pandemic in our

country in which many businesses were closed. But as of now we can really say that the Filipino

is very idealistically because they find their business to start through online business and home-

based business. Even though we’ve been facing a pandemic nowadays our entrepreneur cannot

make it the reason to not to build or create a business because of that reason instead they’ll find a

way so that their business will continue to sell and buy.

5. In what ways can Filipino entrepreneurs compete in a global scale? How can they survive in
such a tight competition? (5 pts.)
The Filipino entrepreneur compete in a global scale to go direct, acquired foreign companies and

to export the products. Being an innovative and manageable entrepreneur to survive in such a

tight competition.

6. If you have the means to put up your own small business someday, what venture opportunity
will you choose? Why? (5 pts.)
Baking and cake business because I want to bake some bread, cookies and also to make a cake.

II. What have you learned in Lesson 1 “The Origin and Nature of Entrepreneurship”?
(Please provide brief answers) (10 pts.)

In the lesson 1 “The Origin and Nature of Entrepreneurship” I have learned that entrepreneurship

is the concept of developing and managing a particular businesses venture in order to gain a

profit by taking several risks in the corporate world. Entrepreneurship also known as the

willingness to start a certain businesses. It also refer in creating a new enterprises and bearing

any of it’s risk with the view of making profit. I also learned the word of entrepreneur in which it

is the one who manage and creating a certain businesses. In the word of entrepreneur there is a

term of management by which it is a problem solving process of effectively achieving

organizational objective through the efficient use of scarce resources in a changing environment.

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 ABUYOG COMMUNITY COLLEGE
ABUYOG, LEYTE
A.Y. 2020-2021

IC 1 – ENTREPRENEURIAL MIND SETTING

WORKSHEET No. 2
ENTREPRENEURIAL PERSONALITY

Name: ____________________________________________ Course, Year & Section:

__________________

I. Answer these questions.

1. Explain briefly how the environment and personality of an entrepreneur greatly affects the
success of a business. (5 pts.)
These environmental conditions include the Entrepreneurial Finance, the Government Policy, the

Entrepreneurial Education, the Research and Development Transfer, the Commercial and Legal

Infrastructure, the Internal Market Dynamics, the Entry Regulation, the Physical Infrastructure

and the Cultural and Social Norms.

2. Why is there a need to establish your business in a fully supportive environment? You can cite
real life situations. (5 pts.)
In any business, it is important to be aware of the actions and strategies of your competitors. A

business environment enables firms to analyze their competitors' strategies and actions. Further,

they can create their own strategies accordingly.

3. Is there a need to possess all those characteristics of an entrepreneur in order for your business
to succeed? Why do you say so? (5 pts.)
-In one study where entrepreneurs were given a list of attributes and asked to rate their

importance for success, the seven most highly ranked characteristics of an entrepreneur were:

Perseverance. The desire and willingness to take the initiative. Competitiveness.

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4. Why do people put up their own business? What motivates them? (5 pts.)
An entrepreneur is sometimes motivated to start a business because he might feel he'll be more

successful if he can control his own destiny. The entrepreneur wants to be part of the product

design team, sales, marketing, engineering and production. Some of the reasons you have chosen

to become an entrepreneur could be: You want to be your own boss. You want to create your

own projects. You want the opportunity to grow a business you are passionate about.

5. What have you learned in Lesson 2? Write down your answers below. (10 pts.)

As entrepreneurs, we all follow our own path. For some, the rise to financial success is a long,

slow, painful process. For others, things just seem to magically fall into place. I believe that the

latter isn’t a result of magic, however, but is the sure sign of an entrepreneur who understands

the importance of learning from, adapting to and growing with their business.

II. Choose the correct answer from the box. Write your answer on the space provided before
each
number. (2 pts. each)
Thinking ability Goal setter Human relations ability
Ability to communicate Innovative Technical knowledge Accountable
Reasonable risk taker Drive Self-confident

_Human relations ability__1. As an entrepreneur, it is your responsibility to supervise the work

of your subordinates.
Self - confident_______2. An entrepreneur is creative, he/she introduces new products to
the market.
Goal setter_____ _ 3. This is accepting, trusting, and believing in yourself that you can
make it.
___Accountable______ _4. An entrepreneur is visionary and knows his/her priorities.
____Innovation_________5. Being motivated always is a must for business owners.
__Technical knowledge__6. A business owner needs to be knowledgeable on how to
accomplish tasks in the enterprise.
__Thinking Ability_____7. Decision-making skills is one of the essentials skills of an
entrepreneur.

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__Reasonable Risk Taker__8. This is the ability to pursue something that is not certain. Still
you do this in pursuit of success.
_ Drive__________ __9. An entrepreneur must have this skill. This involves providing
clear

information to stakeholders in the organization.

__Human relations ability__10. This is the ability to work well with people.

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 ABUYOG COMMUNITY COLLEGE
SCORE
ABUYOG, LEYTE
A.Y. 2020-2021

IC 1 – ENTREPRENEURIAL MIND SETTING

WORKSHEET No. 3
SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION, AND
CREATIVITY

Name: ____________________________________________ Course, Year & Section:

__________________
I. Answer these questions briefly.
1. In your own words, what is “Innovation”? (5 pts.)

2. Is innovation needed in today’s modern business world? Why do you say so? (5 pts.)

3. In your place, what do you think is the most feasible business opportunity? How do you say
so?
(5 pts.)

4. Describe the concept of ideation, innovation, and creativity. (5 pts.)

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5. Discuss the factors affecting business opportunity. (5 pts.)

II. Use your Creativity.

TASK #1: Think of a possible business idea you would want to pursuE someday. List down at
least FIVE (5).

(1 pt. each)

1. __________________________________
2. __________________________________
3. __________________________________
4. __________________________________
5. __________________________________
TASK #2: From those you listed above, cite the reason(s) why you would want to pursue those
business ideas.
(10 pts.)
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TASK #3: Among those business ideas you’ve listed, choose one and create your own business
logo (through a drawing). Use your creativity. Good luck! (10 pts.)

Name of Business: _________________________________________

Business Logo:

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 ABUYOG COMMUNITY COLLEGE
SCORE
ABUYOG, LEYTE
A.Y. 2020-2021

IC 1 – ENTREPRENEURIAL MIND SETTING

WORKSHEET No. 4
SMALL BUSINESS AND INTERNET START-UPS

Name: ____________________________________________ Course, Year & Section:

__________________

I. CASE STUDY

SANTOS FARM SUPPLIES, INC.

Santos Farm Supplies, Inc. is a family business enterprise of the Santos family in San Ildefonso,
Bulacan. Its business concerns farm inputs, such as fertilizers, chemicals, farm tools, and seeds.
The president and general manager is Gerry Santos. His wife Amanda is the treasurer while their
two children help manage the family business. Gerry Santos intends to retire next month due to
old age and deteriorating health. He told his older son Philip, a CPA, to take over upon his
retirement. But Philip, and his brother Cesar are not interested. They want to work in a
prestigious corporation in Ayala, Makati. Since the skills and interests of the wife of Gerry
Santos are not really for business management, the farm business enterprise is most likely to
experience a management problem. However, the brother of Gerry Santos proposed to convert
the family business into a multi-purpose cooperative. He said that a cooperative can generate
more funds from the members and can acquire better management.

QUESTIONS:
1. Do you agree with the brother of Gerry Santos? If you do, what are your suggestions? How do
you
organize a cooperative? (5 pts.)
______________________________________________________________________________
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______________________________________________________________________________
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2. If you do not agree, what are your suggestions to sustain the operations of the family business?
(5 pts.)
______________________________________________________________________________
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Rubrics:

Content 50%
Organization of Ideas 30%
Grammar Usage 20%
TOTAL 100%

II. Explain briefly.

1. Based on our discussion, what is a small business? Give some examples of a small business. (5
pts.)
______________________________________________________________________________
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2. What do you think are the reasons why some small businesses fail? (5 pts.)

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______________________________________________________________________________
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3. What is an internet start-up? Give examples. (5 pts.)
______________________________________________________________________________
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4. “Reduced building overhead costs” is one of the advantages of online business. Explain. (5
pts.)
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5. What is a micro business? Is it the same as small business? Compare and contrast the two in a
Venn diagram. (10 pts.)

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MICRO BUSINESS SMALL BUSINESS

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 ABUYOG COMMUNITY COLLEGE
SCORE
ABUYOG, LEYTE
A.Y. 2020-2021

IC 1 – ENTREPRENEURIAL MIND SETTING

WORKSHEET No. 5
MANAGING SMALL BUSINESS RISK

Name: ____________________________ Course, Year & Section: __________________

I. Read the questions carefully. Kindly provide brief and concise answers.
1. What is a risk? Give some examples of business risks. (5 pts.)
______________________________________________________________________________
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______________________________________________________________________________
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______________________________________________________________________
2. What are the 5 types of risk? (5 pts.)
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______________________________________________________________________
3. Can you avoid business risks? How? (5 pts.)

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______________________________________________________________________________
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4. Why is there a need for entrepreneurs to know how to manage business risks? (5 pts.)
______________________________________________________________________________
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______________________________________________________________________
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Rubrics:
Content 50%
Organizatio 30%
n of Ideas
Grammar 20%
Usage
TOTAL 100%

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