Departments › Nutrition and Dietetics › Module IV › Entrepreneurial Skills

Entrepreneurial Skills

Nutrition and Dietetics · Level 6  ·  6 Chapters

Compiled by: Mary Jemutai

Can I download Entrepreneurial Skills notes as a PDF?

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What Entrepreneurial Skills covers

Starting a business around nutrition begins with the six outcomes of Entrepreneurial Skills at Level 6 in Nutrition and Dietetics. Financial literacy comes first, with needs versus wants, budget preparation, saving, loans, types of investment and insurable risks. Next is the entrepreneurial concept: ways of becoming an entrepreneur, roles in an enterprise and contributions of entrepreneurship. Learners then generate business ideas and test them against the business life cycle, before studying contracts and agreements, employment laws and taxation. Creativity, innovative strategies and entrepreneurial linkages precede the final outcome, a business plan covering description, marketing, management, operations, finance and an executive summary.

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Careers after Entrepreneurial Skills

Entrepreneurship in nutrition covers advice, food, training and retail, and this unit gives you the planning tools for each.

  • Home-based diet counselling practices - You plan start-up funds, set a budget, decide where to save and invest, and meet registration and licensing requirements.
  • Catering and meal-prep ventures - You write an operations plan, cost the production, use creativity and innovative strategies to stand apart, and weigh insurable risks.
  • Health product retail shops - You compare forms of business ownership, draw up contracts and agreements, and manage taxation.
  • Training and workshop businesses in Eldoret - You identify the market for your services, build entrepreneurial linkages, and use ICT to grow.
  • Salaried posts in growing food businesses - You bring a founder's understanding of the business life cycle and employment laws to a paid role.

A written business plan with an executive summary is the document that holds these ventures together.

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