The introduction of the competency-based approach in physical education marks a shift from traditional subject-based training to a focus on competency-based training. This approach aims to cultivate a dynamic integration of knowledge, skills, and attitudes through educational subjects or integrated courses. The primary objective is to design pedagogical situations, methodical approaches, and methods that foster the development of entrepreneurship and financial literacy among students during physical education lessons.
 This article presents the findings of a survey involving 341 physical education teachers from seven regions of Ukraine, exploring the feasibility of instilling the key competency of "Entrepreneurship and Financial Literacy" within the framework of physical education. The survey encompassed teachers of all qualification categories, including 227 men (66,2%) and 114 women (33,8%). Results revealed that 55,1% of respondents find it challenging to develop this key competence through physical education, with 8,6% considering it impossible. Only 31,1% of teachers feel equipped to foster entrepreneurship and financial literacy in students through physical education.
 However, the surveyed teachers faced difficulties in simulating pedagogical situations and methodical techniques for competence formation during physical education lessons. This identified challenge underscores the need for innovative pedagogical situations, methodical approaches, and techniques. These should be crafted through various modular components, empowering physical education teachers to effectively instill entrepreneurship and financial literacy in schoolchildren’s.
 The research identified crucial pathways for developing students' entrepreneurship, including creating pedagogical situations and employing methodical approaches focused on developing leadership qualities, fostering fair play, and instilling goal- setting and achievement. Emphasis was placed on overcoming challenges with dignity, honing leadership skills applicable both in sports and daily life. In terms of financial literacy, physical education teachers can encourage students to plan competitions, formulate estimates, organize charitable activities, utilize online fundraising platforms, and regularly assess financial costs associated with physical activity, contributing to a well-rounded education.