Become a Young Entrepreneur! Subject: TLE – Entrepreneurship | Intended learners: Grade 10 | Topic: Creating a Simple Business Plan

Introduction

Have you ever dreamed of having your own small business? Imagine starting a food stall, online shop, or small business in your community. But before starting, you need to know what product to sell, who your customers will be, and how much money you need.

In this WebQuest, you will become a young entrepreneur. You will explore online resources and work with your classmates to develop a simple business plan.

Task

Your task is to work in a group of 4–5 members and create a simple business plan for a small business that you would like to establish in your community.

Your business plan must include:

  1. Business name and description
  2. Product or service to be offered
  3. Target customers
  4. Estimated starting capital and expenses
  5. Selling price and expected profit
  6. Marketing and promotional strategies

At the end of the activity, your group will present your business plan to the class using PowerPoint or Canva.

Process

Follow these steps to complete your activity:

  1. Form a group. Choose 4–5 members and assign tasks to each member.
  2. Choose a business idea. Think of a simple business that can meet the needs of people in your community.
  3. Conduct research. Visit the websites provided in the Resources section to learn how to prepare a business plan.
  4. Identify your customers. Decide who will buy your products or services and what makes your business different.
  5. Prepare your budget. List your estimated starting capital, expenses, selling price, and expected profit.
  6. Create your business plan. Organize your ideas into a PowerPoint or Canva presentation.
  7. Present your output. Explain your business idea and convince your classmates why it can succeed.

Evaluation

Your output will be graded using the following rubric:

Criteria Points
Completeness of the business plan 30
Creativity and originality 20
Accuracy of budget and computations 20
Presentation and explanation 20
Teamwork and participation 10
Total 100

Grading Scale:

  • 90–100: Excellent
  • 80–89: Very Good
  • 75–79: Satisfactory
  • Below 75: Needs Improvement

Conclusion

Congratulations, young entrepreneurs! Through this activity, you learned how to develop a simple business plan and understand the important things to consider before starting a business. You also practiced researching, budgeting, teamwork, creativity, and decision-making.

Remember that starting a business is not only about earning money. It is also about identifying people's needs and finding ways to provide solutions.

Reflection Questions:

  1. What did you learn from creating your business plan?
  2. What challenges did your group experience while completing the activity?
  3. How can the knowledge and skills you learned help you in real life?

Credits

This WebQuest was prepared using the following educational resources and online tools:

The learning activity, instructions, evaluation rubric, and reflection questions were organized and prepared for educational purposes.

Prepared by: Jenny Rose B. Navea

Teacher Page

1. Target Learners

Grade 10 students under Technology and Livelihood Education (TLE).

2. Subject and Topic

Subject: TLE – Entrepreneurship
Topic: Creating a Simple Business Plan

3. Learning Objectives

At the end of the activity, students should be able to:

  1. Explain the importance of preparing a business plan.
  2. Identify the basic parts of a simple business plan.
  3. Develop a business idea based on the needs of their community.
  4. Compute estimated expenses, selling prices, and expected profit.
  5. Demonstrate teamwork, creativity, and decision-making skills.

4. Time Allotment

2–3 class sessions, depending on the students' progress.

5. Materials Needed

  • Computer, laptop, or smartphone
  • Internet connection
  • PowerPoint or Canva
  • Calculator
  • Notebook and pen

6. Teaching Procedure

  1. Introduce the topic by asking students about their dream businesses.
  2. Explain the importance and basic parts of a business plan.
  3. Divide the class into groups of 4–5 members.
  4. Let students explore the provided online resources.
  5. Guide each group in preparing its business plan.
  6. Allow groups to present their finished outputs.
  7. Facilitate a short reflection and discussion after the presentations.

7. Assessment

Students will be assessed based on the completeness of their business plan, creativity, accuracy of financial computations, presentation skills, and teamwork using the provided rubric.

8. Teacher's Notes

The teacher should guide students throughout the activity and encourage everyone to participate. Students may choose simple and realistic business ideas that are suitable for their community. If internet access is limited, printed learning materials may be provided as an alternative.

Expected Output: A group business plan presented through PowerPoint or Canva.