Departments › Software Development › Module III › Entrepreneurial Skills

Entrepreneurial Skills

Software Development · Level 5  ·  6 Chapters

Compiled by: Kennedy Kimani

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What Entrepreneurial Skills covers

Entrepreneurial Skills at Level 5 of Software Development shows how a developer can sell a product or service instead of only a skill. The developer's own money comes first, through budgets, savings, loans, investments and insurance. Next the unit tells entrepreneurs from business persons and weighs a salary against working for yourself. A software idea is sourced, judged for viability and placed on the business life cycle. The legal part asks who owns the company, how it is registered and licensed, which contracts bind it and which employment and tax rules apply. Growth depends on creativity, linkages and ICT, and the last outcome is a business plan that is written, presented and incubated.

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Careers after Entrepreneurial Skills

This unit shows how to turn software skills into a business and how to run one responsibly.

  • Software start-ups in Nairobi - You choose a form of ownership, register and license the company and write a financial plan.
  • Freelance web and app development in Kisumu - You manage savings and debt, draft contracts with clients and understand the tax laws on your earnings.
  • Software support and maintenance shops in Nakuru - You evaluate a business opportunity, plan a service and market it using ICT.
  • Digital skills training centres in Eldoret - You write a business plan with marketing, operations and financial sections and present it to partners.
  • Educational technology ventures serving schools in Kitui - You identify an opportunity, check registration and licensing needs and plan insurance for your equipment.

The business plan outcome gives you a document to show to investors, lenders or incubators.

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