Departments › Animal Production Technology › Module IV › Entrepreneurial Skills

Entrepreneurial Skills

Animal Production Technology · Level 6  ·  6 Chapters

Compiled by: Charles Mwangi

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What Entrepreneurial Skills covers

Entrepreneurial Skills in Animal Production Technology Level 6 leads from managing your own money to presenting a business plan. Financial literacy covers needs and wants, budgets, savings, loans, types of investments and insurable risks. The entrepreneurial concept introduces the roles and contributions of entrepreneurs, followed by sources of business ideas, factors in judging an opportunity and the business life cycle. Business legal aspects include business registration and licensing, contracts and agreements, employment laws and taxation laws. You also study creativity, entrepreneurial linkages and ICT in business, then write a business plan and take part in business idea incubation.

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Careers after Entrepreneurial Skills

Entrepreneurial Skills in this course takes a livestock graduate from personal finance to a written business plan. The following roles and ventures use that range, from budgeting and insurance to registration, taxation and innovation.

  • Agribusiness trainers in Karatina - you teach farmers about the types and characteristics of entrepreneurs and the contributions of entrepreneurship, and are paid per session.
  • Dairy value-addition ventures in Mwea - you use innovative business strategies and entrepreneurial linkages to reach new buyers.
  • Livestock trading businesses in Siaya - you analyse the business life cycle and make investment decisions on when to expand.
  • Veterinary product retail outlets in Busia - you register and license the business, understand contracts and agreements, and draw up the marketing and financial plan.
  • Farm managers in Kiambu - you apply employment laws and taxation laws when hiring staff and running the operation plan.

Business idea incubation at the end of the unit lets you test a plan before you invest your own money.

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