ESTUDYANTIPID, Season 2 Lesson Plans EPISODE 3 INVESTING AND ENTREPRENEURSHIP Econ Integration: Entrepreneurship, Financial Institutions (Role in Lending), Production DepEd Learning Competencies Covered: I. Mga Saligan ng Pag-aaral ng Ekonomiya G. Produksyon 1.22 Nasusuri ang mga salik (factors) ng produksyon bilang batayan sa matalinong paggamit ng mga ito 1.23 Naipahahayag ang damdamin ukol sa mahalagang papel ng “entrepreneurship” sa ekonomiya at sa produksyon II. Pagsusuri ng Ekonomiya E. Patakarang Pananalapi (Monetary Policy) 2.36 Naipaliliwanag ang layunin ng patakarang pananalapi 2.36.1 Naipahahayag ang kahalagahan ng pag-iimpok at pamumuhunan bilang isang salik sa ekonomiya 2.36.6 Nasusuri ang dahilan at epekto ng pagbabago ng halaga ng salapi sa buhay ng mga mamamayang Pilipino Understanding Goals and Values To achieve full financial freedom, an individual may venture into investments and business as other sources of income. Investing in a business entails taking a risk portrayed either through profit or loss. Objectives At the end of the lesson, students will be able to: Assess a person’s lifestyle based on his/her income Create a business plan and a sample market analysis for their chosen business (including a scheme of gathering enough start-up capital) Accomplish a ledger and a balance sheet for their chosen business Suggested Driving Questions Why do people strive for financial freedom? How do you determine a good business venture from a bad one? How do you minimize the risks of entering into a business? What are instruments and tools we could use to predict the outcome of our business? Assessment Evidence Performance Tasks Business Plan o SWOT Analysis o Market Analysis o Ledger o Balance Sheet Presentation of the Business Plan Other Evidence ESTUDYANTIPID, Season 2 Lesson Plans Online Activity: Lifestyle Assessment Learning Activities Motivational Activity: Malaya ka na… (Concept Mapping) The class will conduct a concept mapping exercise, while discussing the following concept of Financial Freedom. Possible questions to ask: o Is the term financial freedom similar to the term “independence”? In what ways do they differ? o Why is financial freedom important in our society (especially as related to the Filipino concept of family ties)? Knowledge Channel Viewing KCh Episode (Outline of Topics) Looking for other sources of income Creating a business plan o Accomplishing a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis o Performing a Market analysis Ways of acquiring sufficient capital o Joint ventures and partnerships o Borrowing money through loans Business risks o Calculating profit or loss through the use of a ledger (Incomes, Expenses and Profit) o Ensuring return of investment A look into the future of a successful business o Optimizing your capital (walang perang nasasayang!) Creating a balance sheet (Assets = Liabilities + Owner’s Equity) After Viewing Questions: 1. Why do individuals venture into opening up or investing in a business? 2. What are the components of a good business plan? 3. What are the different ways in ensuring that you have sufficient capital for your business? 4. Why is entrepreneurship considered to be a risk? 5. How does one ensure that his/her business will gain a profit rather than a loss? KCh Online Activity: Lifestyle Assessment The students will log-on to KCh Online where they will be faced with situations of fictional characters facing different financial problems. They shall analyze each of the characters presented online. They shall supply their own solution to each person’s dilemma. In class, the teacher shall facilitate discussions wherein one student’s solutions are compared with the solutions of the others in his/her class. The point of the whole exercise is for the students to be aware that one’s lifestyle should match one’s income. Some students may suggest that the characters cut back on their expenses, while the others may simply suggest that they look for other sources of income. How to Make: SWOT Analysis, Ledger and Balance Sheet ESTUDYANTIPID, Season 2 Lesson Plans The students may also refer to KCh Online for a tutorial on how to make a ledger and a balance sheet. The purposes and advantages of these instruments are also illustrated. Classroom Business Plan Step 1 Students group themselves into 4 and conceptualize a business in their community and write a business plan. This business plan should include the following: A Brief Description of the Business SWOT Analysis Market Analysis (What is the profile of the market?) An initial presentation shall be made to the class upon finalization of the Business Concept. Step 2 They then answer the following questions: How will the start-up capital be raised? Is there a possibility of partnering with another group in your class? If so, how and why? How can you be sure that your return of investment would be at least equal (if not greater) than your start-up capital? Step 3 The students shall be instructed to “fast-forward” to the future. They shall then create the following: Sample Ledger Sample Balance Sheet Step 4 Each group shall then present their business to the class. They then analyze the advantages and disadvantages of venturing into each of the businesses discussed.