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Entrepreneurial Skills

Baking Technology · Level 6  ·  6 Chapters

Compiled by: Alice Mbugua

Can I download Entrepreneurial Skills notes as a PDF?

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What Entrepreneurial Skills covers

Entrepreneurial Skills for Baking Technology Level 6 helps a learner who plans to open or grow a bakery to set the money, legal and planning side in order. It begins with personal finance, budgeting, saving, loans, debt, investments and insurance, and then separates entrepreneurs from business persons and looks at types of entrepreneurs, ways of becoming one, and what self-employment requires. It identifies sources of business ideas and the stages of the business life cycle. It covers ownership forms, licensing, contracts, employment and taxation laws, creativity and innovation, and a business plan from description to presentation and incubation.

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Careers after Entrepreneurial Skills

Entrepreneurial Skills prepares you to turn baking skill into an enterprise, whether you begin on a small scale or plan to employ others.

  • Starting a bakery in Migori - you weigh up where to save and invest, assess the factors in taking a loan and list the requirements for entering self-employment.
  • Taking over or joining a family bakery in Meru - you understand the entrepreneur's roles in an enterprise, forms of ownership and contracts and agreements.
  • Employing bakers in Kisumu - you apply employment laws and taxation laws to how you hire and pay staff.
  • Developing a new product line in Embu - you use creativity in business and innovative strategies to find a gap and judge it with the business life cycle.
  • Business incubation spaces in Nairobi - you write the business description, production plan and financial plan and present the business idea.

Each route depends on sound finances, legal compliance and a written plan.

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 IV