The Technology and Livelihood Education (TLE) Entrepreneurship – Business Simulation is designed to involve all Grade 10 students in the activities of setting up a business. It uses the knowledge and skills presented in compatibility building and career pathway materials and organize the content into tasks to be accomplished in setting up a business. This is intended to give students a real experience in starting a business while they are learning the skills in planning their own enterprise. The tasks are divided into four teams (Management Team, Marketing Team, Finance Team and Production Team). There are also tasks for the entire class that will integrate the decision of the whole business team. Thus, this program develops desirable attitude and values which will contribute to the effective personal, family and community living.
The Business Simulation is the creative application of the Elizabeth Seton School Entrepreneurship Program. It is a four (4) day per term activity wherein grade 10 students are provided with learning experiences to plan, execute and evaluate a business endeavor.
To maximize the student participation and provide a profitable opportunity for the students, they mainly operate a restaurant business. Each class is required to plan the restaurant theme, provide the ambiance and prepare the venue, create promotional materials and strategies, plan the menu and food preparation, allocate budget-costing and pricing, provide customer service, and apply basic accounting.