Departments › Software Development › Module III › Entrepreneurial Skills

Entrepreneurial Skills

Software Development · Level 6  ·  6 Chapters

Compiled by: Winnie Apiyo

Can I download Entrepreneurial Skills notes as a PDF?

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What Entrepreneurial Skills covers

Ideas become income through planning, and Entrepreneurial Skills in Software Development Level 6 covers that plan. It opens with a developer's personal money: spending priorities, loans, kinds of investment and insurable risks. The role of the entrepreneur follows, with its types, its routes in and its contribution to the economy. Product ideas are sourced and checked against the business life cycle. Law is dealt with through ownership, licensing, contracts, the hiring of staff and tax. Creative strategies and ICT in growth lead to the last task, a written plan covering marketing, operations, finance and a summary for readers.

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Careers after Entrepreneurial Skills

Software developers who sell their own products or services use this unit to plan funding, contracts, hiring, tax, marketing and a business plan.

  • Product start-ups building mobile or web tools in Mombasa - find a business idea, check where it sits on the business life cycle and plan the funding.
  • Custom software firms for small businesses in Thika - draft contracts and agreements and apply employment and taxation laws when you hire developers.
  • Agency partnerships with schools and shops in Machakos - use entrepreneurial linkages to find customers and manage your savings and insurance.
  • Digital product incubation programmes in Nyeri - present an executive summary and business plan, and use creativity to improve your offer.
  • Software maintenance subscriptions for local businesses in Kisii - build a budget, plan marketing and create a business plan covering operations and finance.

Choose one product idea from the bullets above and list the contracts and the laws it would need you to follow.

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