Departments › Agricultural Engineering › Module III › Entrepreneurial Skills

Entrepreneurial Skills

Agricultural Engineering · Level 5  ·  6 Chapters

Compiled by: Beatrice Adhiambo

Can I download Entrepreneurial Skills notes as a PDF?

Yes. The notes download as a PDF too: every chapter has a Download PDF button above its notes. Sign in and click it. Each download comes from your plan's monthly allowance or from credits. To read before you sign in, the first topic of every chapter opens to anyone, and a Profplanet plan opens the remaining topics.

▣

What Entrepreneurial Skills covers

Entrepreneurial Skills for Agricultural Engineering Level 5 shows how a young technician can turn farm engineering know-how into income. You first apply financial literacy: managing personal finance, balancing needs and wants, preparing a budget, saving, handling debt and loans, investing and choosing insurance. The entrepreneurial concept follows, separating entrepreneurs from business persons and weighing salaried employment against self-employment. You then identify business ideas and opportunities and study the business life cycle. Business legal aspects cover forms of ownership, registration and licensing, contracts, employment laws and taxation. The unit ends with innovation, creativity and ICT in business growth, and a business plan from description to presentation.

■

Careers after Entrepreneurial Skills

This unit equips you to earn from your agricultural engineering skills as an owner, not only as an employee, and to manage the money that results. - Farm tool and equipment repair workshop in Kisii - you register a small business, price repairs, keep a budget and save from each job to buy better tools. - Irrigation kit and pump supply shop in Thika - you identify what local horticulture farmers need, source stock, and cover risks with the insurance products the unit describes. - Hire service for farm implements in Embu - you plan a business around hiring out equipment, using a business plan with a financial plan to approach lenders. - Technical assistant in an agricultural engineering firm - you understand contracts, employment laws and taxes, which helps you move between salaried work and your own ventures. The skills apply whether you start small or work for someone else.

Chapters

1
Apply financial literacy
13 topics
Open chapter →
2
Apply the entrepreneurial concept
8 topics
Open chapter →
3
Identify entrepreneurship opportunities
3 topics
Open chapter →
4
Apply business legal aspects
5 topics
Open chapter →
5
Innovate business strategies
4 topics
Open chapter →
6
Develop a business plan
9 topics
Open chapter →
What Entrepreneurial Skills covers: 42 main topics in 6 chapters

1. Apply financial literacy

  1. 1.1 Personal finance management
  2. 1.2 Balancing between needs and wants
  3. 1.3 Budget Preparation
  4. 1.4 Saving management
  5. 1.5 Factors to consider when deciding where to save
  6. 1.6 Debt management
  7. 1.7 Factors to consider before taking a loan
  8. 1.8 Investment decisions
  9. 1.9 Types of investments
  10. 1.10 Factors to consider when investing money
  11. 1.11 Insurance services
  12. 1.12 insurance products available in the market
  13. 1.13 Insurable risks

2. Apply the entrepreneurial concept

  1. 2.1 Difference between Entrepreneurs and Business persons
  2. 2.2 Types of entrepreneurs
  3. 2.3 Ways of becoming an entrepreneur
  4. 2.4 Characteristics of Entrepreneurs
  5. 2.5 salaried employment and self-employment
  6. 2.6 Requirements for entry into self-employment
  7. 2.7 Roles of an Entrepreneur in an enterprise
  8. 2.8 Contributions of Entrepreneurship

3. Identify entrepreneurship opportunities

  1. 3.1 Sources of Business Ideas
  2. 3.2 Factors to consider when evaluating business opportunity
  3. 3.3 Business life cycle

4. Apply business legal aspects

  1. 4.1 Forms of business ownership
  2. 4.2 Business registration and licensing processing
  3. 4.3 Types of contracts and agreements
  4. 4.4 Employment laws
  5. 4.5 Taxation laws

5. Innovate business strategies

  1. 5.1 Creativity in business
  2. 5.2 Innovative business strategies
  3. 5.3 Entrepreneurial Linkages
  4. 5.4 ICT in business growth and development

6. Develop a business plan

  1. 6.1 Business Description
  2. 6.2 Marketing Plan
  3. 6.3 Organizational/Management Plan
  4. 6.4 Production/operation plan
  5. 6.5 Production/operation plan
  6. 6.6 Financial plan
  7. 6.7 Executive summary
  8. 6.8 Business plan presentation
  9. 6.9 Business idea incubation

Revise this unit

Exam-style questions 84 Written to CDACC standard, with answers Test yourself 244 Multiple-choice, one at a time Practise questions 182 Quick recall — check you know the facts
3 more for this unit
Oral exam preparation 61 What the assessor asks, and how to answer out loud Worked calculations 31 Step-by-step maths with the common mistakes Quick cards 1,172 Myth busters, skill tips and scenarios

Beyond the syllabus

Decision simulator 6 On site, what would you do? Workplace scenarios 101 Real site situations — what would you do? Turn this into income 60 Where this skill earns — what to charge, how to find clients

Other units in Module III