Departments › Social Work › Module III › Entrepreneurial Skills

Entrepreneurial Skills

Social Work · Level 5  ·  6 Chapters

Compiled by: Charles Mwangi

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What Entrepreneurial Skills covers

Entrepreneurial Skills in Social Work Level 5 helps graduates who want a community enterprise, and anyone who needs to handle money well. Budgets, saving, debt, investment and insurance make up financial literacy. Entrepreneurs are told apart from business persons by type and characteristics, along with what self-employment requires. Business ideas are sourced from identified places and evaluated, and the life cycle of a business is traced. The legal outcome covers how a business is owned, registered and licensed, the contracts it signs, and the employment and tax law that applies. Creativity, entrepreneurial linkages and ICT drive innovation, and a business plan is developed from description to presentation and incubation.

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Careers after Entrepreneurial Skills

This unit shows how social work skills can become a small organisation or service of your own.

  • Private day-care and early childhood support centres in Kisumu - You choose a form of ownership, register and license the business and write a financial plan.
  • Family support and counselling consultancies in Meru - You evaluate the opportunity, plan marketing and manage the income and savings of the service.
  • Community training and awareness services in Kakamega - You write contracts with clients, understand employment and taxation laws and use ICT to reach audiences.
  • Support services for older persons at home in Mombasa - You identify a need as a business idea, cost it in a budget and present the plan to funders.
  • Youth skills and mentorship programmes in Embu - You assess business life cycle and viability, plan insurance and borrowing and present an executive summary.

All of these rely on the business plan outcome, which turns an idea into a document you can show to lenders.

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