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Entrepreneurial Skills

Nutrition and Dietetics · Level 5  ·  6 Chapters

Compiled by: Winnie Achieng

Can I download Entrepreneurial Skills notes as a PDF?

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What Entrepreneurial Skills covers

Money, ideas, law and planning meet in Entrepreneurial Skills for Nutrition and Dietetics Level 5. Outcome one is financial literacy: budgeting, saving, managing debt, investment decisions and insurance services. Learners then separate entrepreneurs from business persons, study types and characteristics of entrepreneurs, and compare salaried employment with self-employment. Opportunity identification covers sources of business ideas, evaluating opportunities and the business life cycle. Business legal aspects cover forms of ownership, registration and licensing, contracts, employment and taxation laws. Innovation and ICT in business growth follow, and the unit ends with writing and presenting a business plan.

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Careers after Entrepreneurial Skills

Some nutrition graduates work for others and some start their own enterprise, and this unit equips you for either path.

  • Nutrition consultancy start-ups - You identify clients, register and license the business, and prepare a business plan with a marketing plan and a financial plan.
  • Healthy meal and snack enterprises - You evaluate a business opportunity, check the factors before taking a loan, budget for your products, and manage savings and debts.
  • Market stalls selling nutritious foods - You choose a form of ownership, obtain the licences needed, understand employment laws for your staff, and comply with taxation laws.
  • Community savings and investment groups - You apply personal finance management and investment decisions, and understand insurance products.
  • Business incubation hubs - You develop an idea through incubation, present your business plan, and look for entrepreneurial linkages that help it grow.

Knowing the difference between salaried work and self-employment helps you choose the route that fits.

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
Open chapter →
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