U n i t 6 L e s s o n 1 : I n t r o d u c t i o n t o H o ...

Unit 6 Lesson 1: Introduction to Household Services

Table of Contents

Introduction 2

Essential Questions 3

Reach our Goals! 3

Springboard 4

Learn about It! 5 The Entrepreneur 5 Generating Business Ideas 10

Check Up 15

Skill Enhancer 17

Did You Know? 18

Wrap Up 19

Introspect: Self-Evaluation 21

Bibliography 22

Glossary 23

1 Copyright © 2018 Quipper Limited

GRADE 7/8

Introduction to Household Services Introduction

Figure No.1 An home manager and entrepreneur

Being a good steward of your house and its amenities allows you to enjoy the comfort and safety it provides. More so having to take care of another person’s home, you must be diligent to ensure that all aspects of their living conditions are taken care of. Having this mindset not only will guide you to the success in employment but also opedoorstothe world of entrepreneurship. Having the skills plus the entrepreneurial characteristics will allow you to venture to more opportunities.

In this lesson, you will learn how to identify the different personal entrepreneurial competencies and the different strategies in developing a business idea.


Essential Questions

Reach our Goals! In this lesson, you should be able to:

● assess and compare a practitioner’s and one’s PECs: characteristics, attributes, lifestyle, skills, and traits;

● align one’s PECs with those of practitioner/entrepreneur;

● conduct SWOT analysis; ● identify the different products/services available in

the market; ● compare different products/services in household

services; ● determine the profile of potential competitors; and ● generate potential business idea based on the SWOT analysis.


Springboard

Looking for an Entrepreneur

To assist you in understanding the lesson better, take the short quiz of Entrepreneur.com. Do you have what it takes to be an entrepreneur? This may provide a short preview of what an entrepreneur is and what it takes to become one. After taking the quiz, answer the following questions on the space provided.

Figure 2. How to be an Entrepreneur

Link of quiz: https://www.entrepreneur.com/article/246454

1. Based on the quiz you have taken, what is an entrepreneur? ______________________________________________________________________________________________________________________________________________________________________________________

2. Do you have to be educated and trained in some way to become an entrepreneur? ______________________________________________________________________________________________________________________________________________________________________________________

3. What are the similarities of an entrepreneur and a household service worker? ______________________________________________________________________________________________________________________________________________________________________________________


https://www.entrepreneur.com/article/246454

Learn about It!

Entrepreneurship has become the land of opportunities and limitless possibilities for most of us. It allows extensive dreams and out of this world ideas to come to life and be a source of income for an individual. To become an entrepreneur might entail a lot of perseverance and creativity. In this lesson you will learn what an entrepreneur is and what it takes to become one. The Entrepreneur Working in the household services requires you to be systematic and keen for details. To handle several tasks at the same time exercises one’s skills and ability to identify the needs of their clients and look for solutions to problems encountered. You will be encountering the same situations as an entrepreneur. By better understanding what it takes to become an entrepreneur and the things you might encounter, you may be able to identify and pursue attractive business ventures and opportunities which can lead you to success.

Fig 3. The Entrepreneur


● What is an Entrepreneur?

Entrepreneurs are people that are innovative and are able to think outside of the box. According to Zimmerman and Scarborough (2015) they are the ones that “create new businesses in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying significant opportunities and assembling the necessary resources to capitalize on them.” An entrepreneur possesses certain characteristics that are necessary in pursuing business ventures.

● Assessing One’s Personal Entrepreneurial Competencies (PECs) To understand “entrepreneurial personality” better, McClelland and McBer identified patterns of behavior that are commonly present in entrepreneurs. These are the Personal Entrepreneurial Competencies (PECs) or entrepreneurial qualities that best describe the ability and characteristics of an entrepreneur. These PECs or behavioral patterns identified by McClelland and McBer are classified into three (3) general clusters: achievement, planning, and power.

Achievement Cluster

❏ Opportunity seeking Business opportunities can appear in front of you all of a sudden. As an entrepreneur, you must know how to identify profitable business opportunities and act on them immediately and in the most appropriate way possible.

Fig 4. Seeking for opportunities


❏ Risk-taking

Getting into a business can be both exciting and scary. It will push you to take action on things you have no experience on. Being able to take risks as an entrepreneur is an admirable characteristic. This will also help you foresee things that are outside the box and beyond your comfort zone.

Fig 5. Taking risks

❏ Persistence Being in the household services shapes your persistence as a worker. This will help you in your journey as an entrepreneur. You are eager to meet any challenges your way and accomplish your goal, be it in employment or business.

Fig 6. Being persistent

❏ Commitment to Work Contract Agreements such as ones indicated in work contracts are to be fulfilled. As an entrepreneur and a household service worker, both careers demand you to deliver what your have promised in order to satisfy your clients.

Fig 7. commitment to agreements


❏ Demand for efficiency and quality Maintaining a standard that guarantees efficiency in the workflow and quality of services and products being offered is a vital characteristic of an entrepreneur. Such an attribute may result to more clients for your business.

Fig 8. call for efficiency and quality performance Planning Cluster

❏ Information seeking

Information is evolving non-stop in today’s society that to be successful as a household services worker and entrepreneur, you must be vigilant in learning new things to improve your skills and widen your knowledge. Being up-to-date with the latest news and information concerning your business will help you create better strategies for improvement.

Fig 9. Seeking information

❏ Goal setting Entrepreneurs know how to set goals that maximize every resource that they have. In order to ensure the accomplishment of these goals, they are set by following the SMART (specific, measurable, attainable, realistic, and time-bound) rule. To achieve large tasks, they are divided into short-term goals that still meet your initial target.

Fig 10. Setting goals and objectives


❏ Systematic planning and monitoring Engaging in multiple tasks and endeavors is common for a household services worker and an entrepreneur. You must know how to develop logical systems that include step-by-step processes that you can take that result in the achievement of your targets. Constant and consistent monitoring will also allow you to see where your strengths and weaknesses are.

Fig 11. Plan and monitor systematically

Power Cluster

❏ Self-confidence Whether it be as a worker or an entrepreneur, one must be confident enough to create and make their own decisions. Assurance of your capabilities and know-how will help you be decisive when it comes to business matters.

Fig 12. Being confident

❏ Persuasion and networking The importance of knowing the right people will always be a key essential in any business endeavor. Expanding your reach through persuading people to believe in your ideas and concepts can be the way to have a bigger network of contacts that can help you achieve your goals.

Fig 12. Persuading others and building a network


Try It!

Identify the word/s that is/are described on each given sentence.

____________________1. It is someone who turns ideas into businesses. ____________________2. It is the ability to meet new people and make them believe in

your idea. ____________________3. It is a trait wherein one makes informed and calculated steps

that is not common. ____________________4. It is the belief in oneself and his capabilities. ____________________5. It is the ability to set achievable tasks to attain a target.

Generating Business Ideas

● SWOT Analysis Identifying the feasibility of a business idea can be a rigorous task. In such cases, you can use the SWOT analysis or the Strengths, Weaknesses, Opportunities, and Threats analysis. It is a tool used, whether it be business or elsewhere, to study and analyze the different aspects that concern the possibility of your business idea. Using the SWOT analysis, you will be studying and identifying the following four areas: Strengths, Weaknesses, Opportunities, and Threats, which are the key factors in starting and developing a business. You will be dealing with internal or controllable factors and external or uncontrollable factors. Internal or controllable factors are the areas and things that you have control over and can be manipulated. Strengths and weaknesses


are considered the internal or controllable factors. External or uncontrollable factors are actions and events that cannot be controlled and manipulated. These include opportunities and threats.

Positive Negative

Controllable Factors Strengths These are factors that are affirmative and advantageous to a business idea or opportunity.

Weaknesses These are factors that may be considered as limitations that may affect the success of a business idea or opportunity.

Uncontrollable Factors Opportunities These are positive factors that are brought about by outside forces such as investors that benefit the entrepreneur and the business.

Threats These are factors that can negatively affect the success of the business due to actions and entities undertaken outside the control of the entrepreneur or business.

● How to Create Business Ideas in Caregiving

Identifying business opportunities Business ideas and opportunities can be seen everywhere. It takes an experienced entrepreneur to be able to identify ideas that can be converted into successful business ventures. Being able to recognize feasible business opportunities is a very critical stage in seeking entrepreneurship. It may make or break your success in this area. Coming up with a business idea Creating a business idea is a very tedious task. With all the trends and development in technology nowadays, it can be difficult to keep up and create new offerings for the public. To come up with an achievable business idea you have to undergo the phase of


idea generation. According to Hisrich, Peters, and Shepherd (2008), the following are good sources of initiatives and information that can turn into a good business opportunity:

Fig. 13. Sources of business ideas


Selecting business ideas Once you have selected business ideas, the next step would be to choose from your pool the best one to turn into an actual venture. This task can be difficult as you might have selected really good opportunities. However, as an entrepreneur it is your duty to recognize the best opportunity at hand. There are different strategies that you can pursue when choosing the best business ideas. These techniques are based on the following factors: ➔ Your skills and abilities

Acknowledging your skills and abilities will help you to identify the best and suitable business idea for you. Your ideas must compliment the skills that you have in order to assist your idea in becoming a true business success.

➔ Your personal preference Having a clear vision and understanding of your preferences will aid you in choosing your business. As they say, “do what you love and you will never work a day in your life.” This is true in every path that you take, may it be in business or employment in household services.

Fig 14. Business Idea Generation and Selection


Try It! Are You Ready to Be an Entrepreneur? With the use of SWOT Analysis, identify the strengths, weaknesses, opportunities, and threats of becoming an entrepreneur. Write you answers in the corresponding boxes.

Fig 15. SWOT analysis


Check Up Follow the instructions on each part. Read and answer each question carefully.

A. True or False. Write T on the blank if the statement is True. If not, leave it blank.

________ 1. Being systematic does not help you be an entrepreneur. ________ 2. An employee can also become an entrepreneur. ________ 3. Creating a big network is also part of an entrepreneur’s resources. ________ 4. The SMART rule must be followed when setting entrepreneurial goals. ________ 5. Risks are the tools which you use when coming up with a business idea.

B. 3-2-1. Identify and list down THREE (3) things you have found out about being an entrepreneur, TWO (2) similarities of an entrepreneur and household service worker, and ONE (1) question you still have about the lesson. Write your answers in the boxes/spaces provided.

Things I found out Interesting Things I learned

Question I still have

1.

1. 1.

2.

3. 2.


C. Essay. Answer the following questions briefly on the spaces provided.

1. What is an entrepreneur?

________________________________________________________________________________________________________________________________________________________________________

2. What is the SWOT analysis for? ________________________________________________________________________________________________________________________________________________________________________

3. What are personal entrepreneurial competencies? ________________________________________________________________________________________________________________________________________________________________________

4. Why is it important to systematic when it comes to entrepreneurship? ________________________________________________________________________________________________________________________________________________________________________

5. What are the different possible sources of a business idea? ________________________________________________________________________________________________________________________________________________________________________


Skill Enhancer

Blind Entrepreneur Test

GOAL Your goal is to organize a mock search game wherein you will identify between two (2) candidates who is the real entrepreneur ROLE Choose which member will act as the entrepreneur, an employee, and the interviewer AUDIENCE You need to show to the class the Personal Entrepreneurial Competencies (PECs) of an entrepreneur and the strengths, weaknesses, opportunities, and threats of having the skills of a household service worker to become one. SITUATION You are interviewing two (2) candidates to search for the real entrepreneur. PRODUCT Analysis of Personal Entrepreneurial Competencies (PECs) and SWOT Analysis STANDARDS and CRITERIA [INDICATORS] You need to understand and analyze what it takes to become an entrepreneur and the importance of having skills to have a successful business venture.


RUBRICS

1 3 5

Characteristics of an Entrepreneur

One characteristic of an Entrepreneur was

presented

Some characteristics of an

Entrepreneur was presented

All characteristics of an


Personal Entrepreneurial Competencies (PECs)

One Personal Entrepreneurial

Competency (PECs) of an Entrepreneur was

presented

Some Personal Entrepreneurial

Competencies (PECs) of an


All Personal Entrepreneurial Competencies

(PECs) of an Entrepreneur was

presented

SWOT Analysis Was only able to produce one part of the SWOT

analysis of having skills in household services as an

entrepreneur

Was able to partly produce the SWOT analysis of having skills in household

services as an entrepreneur

Was able to produce a complete SWOT analysis of having skills in household

services as an entrepreneur

Did You Know?

According to Lifehack, Colonel Sanders, founder of the famous fast food chain Kentucky Fried Chicken (KFC), only started on his entrepreneurial journey at the of 65 and met multiple rejections, 1,009 times, before someone believed in his business idea.

Fig. 16. Colonel Sanders

and his famous Kentucky Fried Chicken


Wrap Up

Fig 17. Personal Entrepreneurial Competencies


Fig 18. Steps in creating a business idea

Fig 19. SWOT Analysis


Introspect: Self-Evaluation Mark with a check ( ✓ ) the boxes that corresponds to the statements below. Read each statement carefully before answering.

Skills

I still need to practice with maximum

supervision

I can do some of the tasks but with

minimum supervision

I can independently perform the tasks

properly

I can compare the characteristics of an entrepreneur to my own

I can differentiate personal entrepreneurial competencies

I can assess my personal entrepreneurial competencies

I can perform the SWOT analysis


Bibliography

Entrepreneur. “Quiz: Do you have what it takes to be an Entrepreneur.” Accessed February 14, 2019. https://www.entrepreneur.com/article/246454. Entrepreneur Asia Pacific. “5 Senior Businesses to Start.” Accessed November 9, 2018. https://www.entrepreneur.com/article/73646 inc.com, 10 steps from idea to business https://www.inc.com/articles/201105/10-steps-from-idea-to-business.html Entrepreneur. Choosing the best business idea https://www.entrepreneur.com/article/172548 Lifehack. “12 Little Known Facts About Famous Entrepreneurs.” Accessed February 14, 2019. https://www.lifehack.org/393297/12-little-known-facts-about-famous-entrepreneurs DepEd K-12 Information and Communication Technology Learner's Material. Department of Education, 2018, https://www.slideshare.net/danielmanaog14/k12-module-in-tle-ict-grade-10-all-gradings



https://www.inc.com/articles/201105/10-steps-from-idea-to-business.html


https://www.lifehack.org/393297/12-little-known-facts-about-famous-entrepreneurs

https://www.slideshare.net/danielmanaog14/k12-module-in-tle-ict-grade-10-all-gradings

Glossary

Entrepreneurship is the act of building a business from scratch Goal an aim or result to be desired Innovative showcasing of new methods or things that are advanced

than the original Risk a state of subjection to danger Systematic taking action by following a developed plan or method Network an interconnected structure of individuals or things


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