Departments › Animal Production Technology › Module IV › Entrepreneurial Skills

Entrepreneurial Skills

Animal Production Technology · Level 5  ·  6 Chapters

Compiled by: Winnie Apiyo

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What Entrepreneurial Skills covers

Entrepreneurial Skills for Animal Production Technology Level 5 prepares you to start and run a small livestock or farm-related business. The unit begins with financial literacy: budgeting, saving, managing debt, investment decisions and insurance. It then explains the entrepreneurial concept, from the types and characteristics of entrepreneurs to salaried employment versus self-employment. You learn to find and judge business ideas using the business life cycle, and to apply business legal aspects such as forms of ownership, registration and licensing, contracts, employment laws and taxation. Innovation and the use of ICT in business growth lead into the final outcome, writing a business plan with marketing, operations and financial sections.

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Careers after Entrepreneurial Skills

Entrepreneurial Skills at Level 5 shows how to turn livestock knowledge into income, as an employee who understands business or as an owner. Money management, legal requirements and business planning apply in each of the following places.

  • Livestock start-ups in Ruiru - you write the business plan, register the business and apply for the licences it needs.
  • Milk and egg trading in Limuru - you budget, save part of the income and judge a business opportunity before investing.
  • Livestock input shops in Kapsabet - you use taxation and employment laws correctly and keep the shop's finances separate from your own.
  • Small-stock ventures in Homa Bay - you identify business ideas, study the market and use ICT to reach buyers.
  • Salaried farm supervisor roles in Kerugoya - you understand how profit, insurance and loans affect the owner's decisions.

Presenting a business plan and testing the idea through business incubation lets you start small and grow.

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