Departments › Cyber Security › Module III › Entrepreneurial Skills

Entrepreneurial Skills

Cyber Security · Level 5  ·  6 Chapters

Compiled by: Mary Jemutai

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What Entrepreneurial Skills covers

Start-up thinking meets money and law in Entrepreneurial Skills, a Cyber Security Level 5 unit. Financial literacy covers personal finance, budgets, saving, debt, investments and insurance. The entrepreneurial concept distinguishes entrepreneurs from business persons and employment from self-employment. You then identify business ideas, weigh opportunities and study the business life cycle. Legal aspects include forms of ownership, registration and licensing, contracts, employment laws and taxation laws. Innovation covers creativity, linkages and ICT in business, and the unit ends with the business plan.

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Careers after Entrepreneurial Skills

Many ICT and security graduates end up running their own services, and this unit prepares you for that path as well as for employment.

  • Start-up IT support businesses in Lodwar - you choose a form of ownership, register and license the business, and plan its budget.
  • Web and app freelancers in Garissa - you spot business ideas, evaluate the opportunity and follow the stages of the business life cycle.
  • IT hardware retailers in Narok - you manage savings and debt, weigh the factors before taking a loan and insure against insurable risks.
  • Security service providers in Homa Bay - you apply contracts and agreements, employment laws and taxation laws to a small team.
  • Digital service owners in Embu - you build entrepreneurial linkages and use ICT for business growth and development.

The business plan ties these roles to the final outcome of the unit, where finance, opportunity, law and innovation come together.

Chapters

1
Apply financial literacy
13 topics
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2
Apply the entrepreneurial concept
8 topics
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3
Identify entrepreneurship opportunities
3 topics
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4
Apply business legal aspects
5 topics
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5
Innovate business strategies
4 topics
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6
Develop a business plan
9 topics
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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