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Entrepreneurial Skills

Land Survey · Level 5  ·  6 Chapters

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What Entrepreneurial Skills covers

Self-employment is one route open to a surveyor, and Entrepreneurial Skills in Land Survey Level 5 shows how to prepare for it. You start with financial literacy: personal finance, needs and wants, budgets, saving, debt, loans, investments and insurance. The entrepreneurial concept separates entrepreneurs from business persons and compares salaried employment with self-employment. Opportunity identification covers sources of business ideas, evaluating an opportunity and the business life cycle. Business legal aspects include forms of ownership, registration and licensing, contracts and agreements, employment laws and taxation laws. Innovation looks at creativity, strategies, linkages and ICT in business growth. The unit closes with a business plan, from description and marketing plan to financial plan, presentation and incubation.

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Careers after Entrepreneurial Skills

This unit prepares you to run your own surveying business or to manage your money and contracts well inside an employer. The routes below draw on finance, law, opportunity spotting and business planning.

  • Private land surveying practices in Nakuru - register the business in the right form of ownership, price jobs from a budget and a financial plan, and earn from client work.
  • Surveying contractors in Mombasa - bid for work under written contracts and agreements, apply employment laws when engaging field assistants and taxation laws when invoicing.
  • Survey equipment sales and hire businesses in Eldoret - spot a gap in the market, test it against the business life cycle and build an enterprise around it.
  • Mapping and drawing services run from a home office in Thika - use ICT to grow the business and enter entrepreneurial linkages with clients and suppliers.
  • Salaried posts in construction companies in Nyeri - weigh salaried employment against self-employment, and manage savings, loans and insurance sensibly.

Whichever route you choose, the unit ends with a business plan you can present and an idea ready for incubation.

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