Departments › Project Management › Module II › Entrepreneurial Skills

Entrepreneurial Skills

Project Management · Level 6  ·  6 Chapters

Compiled by: Julius Chege

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What Entrepreneurial Skills covers

Project Management Level 6 trainees who see a business in their own idea use Entrepreneurial Skills to test and plan it. Personal money comes first: needs and wants, budgets, savings, loans and insurance. Then the entrepreneur's roles and what enterprises give to national development. Business ideas are sourced and judged for viability. Registration, licensing, contracts and taxes explain the legal side. Creativity, linkages and ICT drive growth, and the unit closes with the sections of a business plan and its presentation.

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Careers after Entrepreneurial Skills

Many project professionals eventually run their own enterprise, and this unit shows how that step begins. It covers personal money, the entrepreneur's role, opportunities, business law and the plan itself.

  • Independent project management practices in Mombasa - decide between salaried employment and self-employment, and set up the practice.
  • Agribusiness ventures in Meru - apply financial literacy to savings, loans and insurance for the venture.
  • Construction supply start-ups in Thika - use creativity in business and ICT in business growth to compete.
  • Freelance services run from shared workspaces in Nyeri - write a business plan including the marketing plan and financial plan.
  • Event services businesses in Kakamega - identify the requirements for entry into self-employment and register the business.

Entrepreneurship is also shown as a contributor to national development, which frames why small enterprises matter, and the unit's legal aspects explain registration, licensing, contracts, employment and taxation laws.

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 II