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Entrepreneurial Skills

Social Work · Level 6  ·  6 Chapters

Compiled by: Wesley Cheruiyot

Can I download Entrepreneurial Skills notes as a PDF?

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What Entrepreneurial Skills covers

A social enterprise or private practice starts with a few hard questions, and Entrepreneurial Skills in Social Work Level 6 puts them in order. The first is personal money: spending priorities, borrowing, investment choices and insurable risks. The entrepreneur then takes shape, through types, routes into the role and a contribution to the economy. Business ideas and the life cycle lead into law, which asks how the business is owned and licensed, what contracts it signs, how staff are taken on and which tax applies. Creative strategies and ICT feed the final outcome, a written plan that includes marketing, operations, finance and an executive summary.

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Careers after Entrepreneurial Skills

Social work practitioners who run their own service need to choose an ownership form, plan finance, follow employment and tax rules, and write a business plan.

  • Social enterprise ventures in Nairobi - decide on a form of ownership, plan financing and write the executive summary and financial plan.
  • Rehabilitation and skills training enterprises in Eldoret - manage debt carefully, understand employment law and hire staff lawfully.
  • Counselling and mediation practices in Nyeri - apply tax and licensing requirements, draft contracts and agreements and market the service.
  • Partnerships with community groups in Machakos - use entrepreneurial linkages and creativity to find funding and customers and scale the service.
  • Mobile counselling and referral services in Kilifi - use creative strategies and ICT to reach clients, budget for transport and register the service.

Draft the executive summary for one of these services in half a page and keep it with your portfolio.

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 V