Departments › Agriculture And Extension › Module 4 › Entrepreneurial Skills

Entrepreneurial Skills

Agriculture And Extension · Level 5  ·  6 Chapters

Compiled by: Margaret Njuguna

Can I download Entrepreneurial Skills notes as a PDF?

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What Entrepreneurial Skills covers

Work through budgets, saving and insurance, then business ideas and business law, in Entrepreneurial Skills for Agriculture And Extension Level 5. Financial literacy opens the unit with personal finance, debt, investment and insurance products. The entrepreneurial concept follows, including types of entrepreneurs, characteristics, and the difference between salaried employment and self-employment. Identifying opportunities covers sources of business ideas, evaluating an opportunity and the business life cycle. Business legal aspects deal with forms of ownership, registration and licensing, contracts, employment laws and taxation. You then innovate through creativity, linkages and ICT in business, and finish by developing a business plan with marketing, financial and executive summary sections.

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Careers after Entrepreneurial Skills

Many agriculture graduates earn by running their own enterprise rather than waiting for a post. This unit gives you the money and business basics to start and keep one going.

  • Small farm enterprises - You plan a budget, decide where to save or invest and weigh the risks that insurance can cover, in places such as Nyandarua.
  • Farm input retail - You register the business, obtain licences and follow tax and employment laws, in towns such as Bomet.
  • Produce trading - You judge a business idea, study the market and use contracts and agreements with buyers, in Mwea.
  • Farm service businesses - You work out insurable risks and legal duties to staff before hiring workers, in Migori.
  • Business advisory work - You help neighbouring farmers write business plans and present them to lenders, in Siaya.

Salaried employers also value staff who understand budgets, costs and customers.

Chapters

1
Apply financial literacy
13 topics
Open chapter →
2
Apply the entrepreneurial concept
8 topics
Open chapter →
3
Identify entrepreneurship opportunities
3 topics
Open chapter →
4
Apply business legal aspects
5 topics
Open chapter →
5
Innovate business strategies
4 topics
Open chapter →
6
Develop a business plan
9 topics
Open chapter →
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 4