TLE baker business

• The food business in the country is continuously growing and improving, with countless food establishments being built to supply the needs and satisfy the cravings of the consumers.
• The industry of cookery brings a positive impact on the country’s economy as it gives opportunities to individuals who seek career and business opportunities.
• Setting up a food business or being part of the cookery industry would require knowledge and skills in cooking.
• Having cookery skills would not be enough to be successful in the said field.
• This lesson will help you start with your journey in exploring the business opportunities of the cookery industry through recognizing the personal entrepreneurial competencies needed and identifying the key concepts, environment, and market.
• In this lesson, you should be able to recognize the Personal Entrepreneurial Competencies needed in cookery, identify the key concepts in the environment and market in cookery, and generate a business idea based on SWOT analysis.
• Efficiency is creating a quality output within a given schedule.
• Confidence is an attribute in which an entrepreneur shows free from doubt when starting the business.
• A customer is someone who buys and uses a particular product or service.
• An entrepreneur is someone who possesses positive qualities in performing entrepreneurial activities.
• Entrepreneurship is a set of activities to perform in building and managing a business.
• Personal Entrepreneurial Competencies (PECs) are the skills and attributes necessary to perform entrepreneurial activities.
• Risk is the possibility of exposure to danger.
• Commitment is an act of giving full time and effort in putting a business.
• A business is an establishment which aims to provide or sell products or services.
• Glossary analysis is the process of investigating the ideas and the underlying factors that influence the business.
• The students are divided into 3 groups, each group is assigned to create a one-minute commercial.
• Each group is given 10 minutes to plan and will be encouraged to be creative as they use available resources inside the classroom.
• Entrepreneurs must be aware of the potential risk in the chosen business venture and take action in preventing the identified risk.
• High quality doesn’t necessarily mean a high price.
• Being confident in completing a difficult task is necessary to be successful.
• Systematic planning and consistent monitoring in business are essential as they provide step by step procedures in achieving the business goals and consistently monitor the state of the business to solve issues immediately and take actions if necessary.
• An entrepreneur must ensure quality work within a given schedule.
• Developing and maintaining a wide range of skills necessary for the business or profession is essential.
• An entrepreneur must stand firm and take action if the business encounters challenges and obstacles.
• An entrepreneur who excels in performing a specific job and aims to give what is best and being promised to the customers.
• Goal-seeking in business is essential as it is the foundation of the chosen business.
• Persuasion and networking in business are important as they involve developing effective strategies in getting potential clients and investors.
• A well-cooked pasta doesn’t cost more than the mushy one.
• Information-seeking in business is crucial as it involves gathering important data about the business.
• Each group will be asked to present the following: Group 1 - commercial about a happy chef who is working in a busy kitchen, Group 2 - commercial showing teamwork in restaurant, Group 3 - commercial about a professional cook who is continuously learning.
• The entrepreneur must take full responsibility in achieving the goals of the chosen business.
• Demand for quality and efficiency in setting time and quality standards on a specific task.
• Commercial Break: The students are divided into 3 groups, each group is assigned to create a one-minute commercial.
• In the world of cookery business like restaurants, some really succeed, but many fail.
• SWOT analysis is a tool used when deciding the most appropriate business idea, guiding an entrepreneur in determining the possible challenges and benefits of each idea, and identifying the factors that directly influence the business.
• Opportunities include interesting trends, possible investors and good opportunities for your business idea, such as the demand for the product or service due to tourism or the promotion of social enterprise or environmental-friendly products.
• Location matters in choosing and starting your food business venture, as it can affect the success of the business.
• In starting a food business from scratch, one must be prepared for challenges and be knowledgeable about the nature of the venture, which requires more capital to succeed.
• Threats are the obstacles that you might encounter in running your own business, such as having a simple business idea encouraging other entrepreneurs to build a similar business venture, which will then result in a lesser profit.