Entrepreneurial Skills

Leather Processing (Tanning) · Level 5  ·  6 Chapters

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What Entrepreneurial Skills covers

In this unit, you will be able to confidently manage your personal and business finances, make smart investment decisions, and protect your assets through insurance, all while following sound financial practices. You will also discover what it takes to be a successful entrepreneur, learn how to identify promising business opportunities, and understand the exciting journey from self-employment to building a thriving enterprise. By the end, you’ll be ready to take charge of your financial future and contribute meaningfully to your community and the economy.

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Careers after Entrepreneurial Skills

Mastering entrepreneurial skills opens the door to a world of opportunities in Kenya’s vibrant economy. Whether you dream of starting your own business, joining a dynamic company, or contributing to community development, these skills are your foundation for success. Understanding how to manage finances, investments, and risks equips you to thrive in any sector, turning ideas into profitable ventures that improve lives.

  • In the jua kali sector, skilled entrepreneurs run businesses from metalwork to tailoring, using financial savvy to grow their enterprises and create jobs in local markets.
  • Working with county governments or in construction sites, these skills help manage budgets, procure materials, and ensure projects meet financial standards, boosting career prospects.
  • Within agribusiness and organizations like KTDA, entrepreneurs manage investments and savings to expand farming operations, process crops, and access markets efficiently.
  • The matatu industry offers opportunities to manage fleet finances, secure insurance, and handle loans, essential for business owners and managers to sustain and grow their operations.
  • In hospitality, from small guesthouses to hotels, managing funds and understanding entrepreneurship principles help you deliver excellent service while maintaining profitability.
  • Companies like KenGen value employees who understand financial management and entrepreneurship to innovate and improve operational efficiency.
  • Beyond employment, mastering these skills empowers you to become a self-employed entrepreneur, accessing loans from SACCOs or microfinance institutions, investing wisely, and securing your financial future.

Your journey into entrepreneurship is more than a career choice—it’s a chance to drive Kenya’s economic growth and uplift your community. Embrace these skills, and watch your ideas transform into impactful, sustainable businesses.

Chapters

What Entrepreneurial Skills covers: 42 main topics in 6 chapters

1. Apply financial literacy

  1. 1.1 Balancing between needs and wants
  2. 1.2 Budget Preparation
  3. 1.3 Saving management
  4. 1.4 Factors to consider when deciding where to save
  5. 1.5 Debt management
  6. 1.6 Factors to consider before taking a loan
  7. 1.7 Investment decisions
  8. 1.8 Types of investments
  9. 1.9 Factors to consider when investing money
  10. 1.10 Insurance services
  11. 1.11 insurance products available in the market
  12. 1.12 Insurable risks

2. Apply the entrepreneurial concept

  1. 2.1 Difference between Business persons
  2. 2.2 Types of entrepreneurs
  3. 2.3 Ways of becoming an entrepreneur
  4. 2.4 Characteris tics of Entreprene urs
  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
  9. 2.9 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 Strategies
  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/Manageme nt
  4. 6.4 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 General Resources Equipment Materials and Supplies 10 Computers 5 Business plan templates 5 Business Journals Internet connection 10 Overhead projectors 25 sets of Writing materials 5 case studies 10 Video clips 5 Newspapers and Handouts

Revise this unit

3 more for this unit

Beyond the syllabus

Other units in Module I