Republic of the Philippines Province of Leyte Municipality of Abuyog ABUYOG COMMUNITY COLLEGE Second Semester, A.Y. 2021-2022 WORKSHEET IN ENTREPRENEURIAL MIND SETTING Name: Roben Casiong Course Year and Section: BSED SCIENCE 2C Instructor: __Mr. Neil D. Arce____________________ Date: May 13, 2022 Worksheet No. 1 Learning Target: Define the word “INNOVATION”. Cite advantages and disadvantages of entrepreneurship. Explain the importance of entrepreneurship on various fields. Directions: Define the word INNOVATION and explain its importance towards entrepreneurship. INNOVATION ENTREPRENEURSHIP Innovation is something that creates new things and ideas such as inventions. In business world innovation is one of the most powerful thing. Innovation means something new that you can introduce to you business. This could help the overall development of your business. Directions: Cite at least 5 advantages and disadvantages of entrepreneurship based from your own idea. Advantages Can make your money grow Disadvantages It will bankrupt if you don’t have a business plan Can improve standard of living Can reduced your working hours Can improve your business skills No assurance of everyday income Can improve communicating skills It will become your stressor Can be a way to build a career You can encounter an unfriendly customers or investors Based from the cited disadvantages, select at least one and how will you use that as a tool in achieving your entrepreneurial goal? From the Disadvantages that I put, I chose the first one that I put “ It will bankrupt if you don’t have a business plan” This will become my motivation in focusing my business. I will make a business plan and I will me sure that my plan will work. I will make sure that my business will become successful and even though it will experience losses I will make it stand again and will continue until it becomes successful. Directions: Explain the importance of ENTREPRENEURSHIP in the following field below. a.) Economy - Entrepreneurship has a big role in our economy it helps people in giving jobs and also it will Influence our economic performance in making new products. b.) Education Sector - This helps every student to become more knowledgeable about business world. It will help them to enhance their talent and skills. c.) Personal Growth - Having a business will help us become more responsible. Taking business is not that easy, Entrepreneurship is important to personal growth because it will help you to open your minds to the business world. This will help your growth to be able to improve your social and interpersonal skills for the success of your business. d.) Family -Towards family, this would probably help you if you are a business owner their guidance because they are the one who knows first when you are starting a business. Criteria: Content Relevance Prepared by: NEIL D. ARCE Instructor 3points 2 points
