Importance of Starting A Family Business: For Organization and Management

IMPORTANCE OF STARTING A
FAMILY BUSINESS
for Organization and Management
Senior High School (ABM)
Quarter 2 / Week 8
FOREWORD
This Self-Learning Kit for Organization & Management

is designed specifically for students in the Senior High
School. This is about understanding the steps and
importance of starting a family business.
It is aligned with the K to 12 Curriculum of the
Department of Education following the prescribed MELCs
(Most Essential Learning Competencies.
This is designed to be more comprehensive for learners
even in studying at home.
What happened
This part contains a review of prior knowledge that has
a great contribution to the focused topic of this module.
This also contains preliminary activities that will awaken the
prior knowledge of the learners and will motivate them to
learn.
What I Need To Know (Discussion)
This section discusses the steps and importance of
starting a family business, its advantages, and legal
requirements.
What I have Learned (Evaluation/Post Test)
The exercises found in this section are guaranteed to
develop accounting skills, analyses, and to check the
understanding of the learners about the topic in this
module.
LESSON IMPORTANCE OF STARTING A FAMILY
BUSINESS
OBJECTIVES:
K: Explain how to start a small/family business;
S: Identify legal business forms and requirements;
A: Appreciate the role of small family business
operation in the improvement of economic status.
LEARNING COMPETENCIES:
▪ Explain the steps and importance of starting a family

business
I. WHAT HAPPENED
PRE-TEST:
Directions: Encircle the letter of the correct answer. Write your answer on your
activity sheets/notebook.
1. Its activities relate to identifying customer needs and interpret these back
to the enterprise for its business reaction.
a. Marketing Management
b. Operations Management
c. Human Resource Management
2. This functional management area is sometimes called personnel
management.
a. Financial Management
b. Marketing Management
c. Human Resource Management
3. Its activities involve innovation or change.
a. Human Resource Management
b. Technology Management
c. Financial Management
4. It takes charge of the use of funds in operations.
c. Financial Management
1
5. Its activities relate to the efficient use of machines, space, and personnel.
c. Operations Management
II. WHAT YOU NEED TO KNOW
“The family business is an entity in which family member s of the family

are directly involved in its operations. Ownership is within the family. Family
values affect business decisions. The relationship among members of the
family affects the functioning of the organization. Generations of family
business exist. Young family members plan for their participation in their
parents' business while pursuing academic studies.
Family business passes from one generation to the other. At the start,
they may be small, but the opportunity to grow and to exist in succeeding
generations are always possible. We see them in the business of hotels,
supermarkets, and educational institutions among others. Concerns on survival
and profitability go hand in hand with keeping family values and relationships.”
Orjalco, Frias & Pefianco, Organization & Management, pp. 93, 2016
Starting a business is a dream that many Filipinos share, and doing so

has the potential to one of the most fulfilling careers one can imagine. As a
business owner, you get to be your boss. What could be better?
Opening a business is a lot of work, you have to comply with all the
requirements to start. Here’s how you go about it.
1. Choose what form of business you will go into.

a. sole proprietorship
b. partnership
c. corporation
Most family business starts with sole proprietorship as it is easier to

comply with the requirements needed.
2. Determine what type of business you may venture into.

a. Franchising-is an agreement between the franchisor and the
franchisee. The franchisor sets the terms of the franchise contract
which the franchisee has to follow. The franchise is a privilege to
do business granted by the franchisor to the franchisee.
2
b. Startup-is creating a business from scratch.
3. Buy-out
It is acquiring an existing business from scratch. An investor wishing
to have a business with a quick start-up time would not start from
scratch. For a quick start, one opts to buy out somebody’s business.
In the Philippines, the Department of Trade and Industry (DTI)administers

Business name application Forms for sole proprietors (BTRCP Form No. 18a).
Online registration of enterprises may be done through the Business Name
Registration System. For food establishments, petition for barangay permits,
and the prerequisite information sheets and licenses to operate are being
issued by the Bureau of Food and Drug under the Department of Health.
The DTI administers R.A. 10644, otherwise known as the Go Negosyo Act
R.A.10644 seeks to strengthen micro, small, and medium enterprises (MSMEs)to
create job opportunities in the Philippines.
The Go Negosyo Act establishes MSME or Business Assistance Centers,
also called Negosyo Centers in collaboration with local government
units(LGUs) and other agencies.
The value of the enterprises that may avail of the Negosyo Centers are
the following:
▪ Micro- not more than Php3,000,000.00
▪ Small- Php3,000,001-Php15,000,000.00
▪ Medium-Php15,000,001-100,000,000
Requirements and Procedures Involved in the Registration of Businesses
Sole Proprietorship Registration
1. Business Name Registration with the DTI

2. Submission of 2X2 ID Pictures
3. Submission of Filipino citizenship proofs(if the applicant is a naturalized
Filipino citizen or if the applicant is a Filipino with a non-Filipino sounding
family name)examples of needed evidence are a birth certificate,
passport, and voter’s ID, among others
4. Payment of application fee or processing fee plus documentary stamp out
amount.
3
Partnership Registration
1. Filing of the previously prepared partnership agreement by two or more

applicants with the SEC
2. Payment of the filing fee
3. Valuation of the application by the lawyer and staff of Corporate and Legal
Department of the SEC
4. Release of the approved registration(within 15-30 days)
Corporate Registration
1. Filing of the previously prepared articles of incorporation and by- laws and
bank certification regarding stockholder’s shares of stocks with the SEC.
2. Payment of the registration fee.
3. Evaluation of the application by the lawyer and staff of the Corporate and
Legal Department of the SEC.
4. Release of the registration (within 15 to 30 days)
4
III. WHAT HAVE I LEARNED
POST TEST:
Choose one type of business you would like to engage in the future.
Summarize the steps you will take to transform your chosen business into reality.
Focus Content Organization
4 Sharp, distinct Substantial, specific, Sophisticated

controlling point and or illustrative arrangement of content
made about the content, demonstrating with evident and/or subtle
topic with evident strong development transitions.
awareness and sophisticated ideas
3 Apparent point Sufficiently developed Functional arrangement
made about the content with adequate of content that sustains a
topic with sufficient elaboration or logical order with some
awareness of topic explanation evidence of transitions.
2 No apparent point Limited content with Confused or inconsistent

but evidence of a inadequate elaboration arrangement of content
topic or explanation with or without attempts at
transition.
Source: Rubrics by Jenny Tuazon, BSE_Math
5
REFERENCES
Cabrera,H. PhD, Altarejos, A, PhD, Benjamin, R., et al 2016. ORGANIZATION AND

MANAGEMENT. PASIG: VIBAL GROUP.
Orjalo, V., Frias,S. & Pefianco, E., et al 2016. ORGANIZATION AND
MANAGEMENT Phoenix Publishing House
6
DEPARTMENT OF EDUCATION
SCHOOLS DIVISION OF NEGROS ORIENTAL
SENEN PRISCILLO P. PAULIN, CESO V

Schools Division Superintendent
FAY C. LUAREZ, TM, EdD, PhD

OIC - Assistant Schools Division Superintendent
Acting CID Chief
NILITA L. RAGAY, EdD

OIC - Assistant Schools Division Superintendent
ROSELA R. ABIERA
Education Program Supervisor – (LRMS)
ARNOLD R. JUNGCO
Education Program Supervisor – (SCIENCE & MATH)
MARICEL S. RASID
Librarian II (LRMDS)
ELMAR L. CABRERA
PDO II (LRMDS)
MARIA SOLEDAD M. DAYUPAY

Writer
LITTIE BETH S. BERNADEZ

Lay-out Artist
_________________________________
ALPHA QA TEAM
GIL . DAEL
MARIA ACENITH DESPI
JEE LIZA INGUITO
BETA QA TEAM
RICKLEOBEN V. BAYKING
LITTIE BETH S. BERNADEZ
GIL . DAEL
MARIA ACENITH DESPI
JEE LIZA INGUITO
MERCYDITHA D. ENOLPE
RONALD G. TOLENTINO
DISCLAIMER
The information, activities and assessments used in this material are designed to provide accessible learning modality to the
teachers and learners of the Division of Negros Oriental. The contents of this module are carefully researched, chosen, and evaluated to
comply with the set learning competencies. The writers and evaluator were clearly instructed to give credits to information and illustrations
used to substantiate this material. All content is subject to copyright and may not be reproduced in any form without expressed written consent
from the division.
7
SYNOPSIS AND ABOUT THE AUTHOR
This Self-Learning Kit (SLK) is all ANSWER KEY
about organization theories for effective
business management .
In this SLK, you will understand
what are the different organization
theories for effective business. You will
also know how these theories are
applied in various businesses . You can
also see in this self-learning kit the Answers may vary
different choices that a business has in Posttest
regards to the organization theories for 5. c
effective business management. 4. c
3. b
As you read and understand the 2. c
discussion, you will appreciate the 1. a
organization theories for effective Pretest
business management.
AUTHOR
MARIA SOLEDAD M. DAYUPAY received her Certificate of

Professional Education last March 2013 at Negros College
of Ayungon, Negros Oriental. She was a graduate of
Bachelor of Science in Accountancy Foundation
University, Dumaguete City. She is currently teaching at
Ayungon National High School-SHS, Negros Oriental
handling Accountancy, Business and Management (ABM)
subjects. She is also a Grade 11- ABM adviser.

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IMPORTANCE OF STARTING A

This Self-Learning Kit for Organization & Management

▪ Explain the steps and importance of starting a family

II. WHAT YOU NEED TO KNOW

“The family business is an entity in which family member s of the family

Starting a business is a dream that many Filipinos share, and doing so

1. Choose what form of business you will go into.

Most family business starts with sole proprietorship as it is easier to

2. Determine what type of business you may venture into.

In the Philippines, the Department of Trade and Industry (DTI)administers

Requirements and Procedures Involved in the Registration of Businesses

Sole Proprietorship Registration

1. Business Name Registration with the DTI

1. Filing of the previously prepared partnership agreement by two or more

Focus Content Organization

4 Sharp, distinct Substantial, specific, Sophisticated

2 No apparent point Limited content with Confused or inconsistent

Source: Rubrics by Jenny Tuazon, BSE_Math

Cabrera,H. PhD, Altarejos, A, PhD, Benjamin, R., et al 2016. ORGANIZATION AND

SENEN PRISCILLO P. PAULIN, CESO V

FAY C. LUAREZ, TM, EdD, PhD

NILITA L. RAGAY, EdD

MARIA SOLEDAD M. DAYUPAY

LITTIE BETH S. BERNADEZ

MARIA SOLEDAD M. DAYUPAY received her Certificate of

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