Departments › Community Health › Module IV › Entrepreneurial Skills

Entrepreneurial Skills

Community Health · Level 6  ·  6 Chapters

Compiled by: Charles Wanjohi

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What Entrepreneurial Skills covers

Starting a business from a health background is the question behind Entrepreneurial Skills for Community Health Level 6. You study personal finance, saving, borrowing, investments and insurance, then the entrepreneur's characteristics and the difference between salaried and self-employment. You evaluate business ideas using their life cycle, look at ownership, registration, licences, contracts and taxation, and consider creativity, linkages and ICT as ways to grow. Everything comes together in a business plan covering marketing, management, operations and finances, ending in presentation.

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Careers after Entrepreneurial Skills

A community health graduate can open a venture of their own or bring business thinking to an employer. Personal finance, opportunities, legal aspects, innovation and a written plan all feed the roles below.

  • Private clinic or laboratory start-ups - choose an ownership form, register the business and draw up a financial plan in Nakuru.
  • Health products shops - source an idea, evaluate where it sits in its life cycle and weigh the opportunity before opening a shop in Kisumu.
  • Health service companies - understand contracts, employment laws and taxation when taking on staff in Kiambu.
  • Home care and wellness services - weigh savings, loans and insurance cover before launching a service in Kajiado.
  • Innovation hubs and linkages - use ICT and entrepreneurial linkages to grow a community health service from Nyeri.

A plan that is costed, registered and presented gives each of these ventures a clear start, whether the owner works alone or hires staff.

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 IV