Wyllis muriithi @copyright2023
Entrepreneurship Lecture notes
DEMONSTRATE ENTREPRENEURSHIP SKILLS LEVEL 6
DEMONSTRATE ENTREPRENEURSHIP SKILLS LECTURE NOTES
Topic Sub – Topic
1)Introduction · Meaning of terms
to · Difference between self-employment and salaried
Entrepreneurship employment
· Contribution of entrepreneurship to national
development · Requirement for entry into Self
Employment
2)Evolution of · History of Entrepreneurship
Entrepreneurship · Myths associated with entrepreneurship in Kenya
· Theories of entrepreneurship
· Importance of entrepreneurship theories
· Factors affecting entrepreneurship development
3)The · Types of Entrepreneurs
Entrepreneur · Qualities of an entrepreneur
· Roles of an entrepreneur in an enterprise
,Wyllis muriithi @copyright2023
Entrepreneurship Lecture notes
4)Creativity and · Meaning of creativity and innovation
Innovation · Process of creativity and innovation
· Importance of creativity and innovation
· Barriers to creativity and innovation
· Managing creativity and innovation
5)Entrepreneur · Concept of entrepreneurial culture
ial Culture · Habits that promote entrepreneurial development
· Factors inhibiting entrepreneurial development
· Ways of managing factors that inhibit development
of entrepreneurial culture
Topic Sub – Topic
6)Entrepreneur · Meaning of entrepreneurial opportunities
ial · Ways of generating business ideas
Opportuniti
· Evaluation of business opportunities
es
7)Entrepreneur · Definition of entrepreneurial motivation
ial Motivation · Entrepreneurial motivation factors
8)Entrepreneur · Definition of entrepreneurial competence
ial competence · Key entrepreneurial competence
,Wyllis muriithi @copyright2023
Entrepreneurship Lecture notes
9)Starting a · Procedure of starting a small enterprise
small business · Factors to consider when starting a small
enterprise · Legal forms of business ownership
· Challenges faced when starting a small enterprise
· Business life cycle
· Regulations affecting business
· Business support services available for a small business
Page 2 of 165
10) Business · Definition of terms
enterprise · Functions of management in an enterprise
Management
· Inventory management
· Managing enterprise resources
11) Financial · Meaning of financial Management
Management · Importance of financial management
· Sources of business finance
· Types of business records
· Recording business transactions in the books of
accounts · Preparation of financial statement
· Interpretation of financial statements
Topic Sub – Topic
Importance of budgeting to a business
12) Marketing · Definition of terms
· Components of marketing
· Process of marketing
, Wyllis muriithi @copyright2023
Entrepreneurship Lecture notes
13) Enterprise · Definition of terms
Social · Enterprise social responsibility
Responsibility
· Types of enterprise social responsibility
and Business
Ethics · Importance of enterprise social responsibility
· Ethical behavior in an enterprise
14)Introduction to · Definition of business plan
business Plan · Components of a business plan
· Uses of a business plan
· Preparation of a business plan
Page 3 of 165
15) ICT in · Definition of terms
enterprise · Benefits of ICT
Management
· Uses of ICT Equipment
16) Emerging · Emerging issues and trends
trends and issues · Challenges posed by emerging issues and trends
in
· Ways of managing challenges posed by emerging issues
entrepreneurship
and trends.
INTRODUCTION TO ENTREPRENEURSHIP
Definition of Terms
Definition of an entrepreneur
✔ An entrepreneur is a person who identifies a business opportunity, harnesses and obtains
the resources necessary to initiate a successful business activity.
✔ The entrepreneur implements the idea
Entrepreneurship Lecture notes
DEMONSTRATE ENTREPRENEURSHIP SKILLS LEVEL 6
DEMONSTRATE ENTREPRENEURSHIP SKILLS LECTURE NOTES
Topic Sub – Topic
1)Introduction · Meaning of terms
to · Difference between self-employment and salaried
Entrepreneurship employment
· Contribution of entrepreneurship to national
development · Requirement for entry into Self
Employment
2)Evolution of · History of Entrepreneurship
Entrepreneurship · Myths associated with entrepreneurship in Kenya
· Theories of entrepreneurship
· Importance of entrepreneurship theories
· Factors affecting entrepreneurship development
3)The · Types of Entrepreneurs
Entrepreneur · Qualities of an entrepreneur
· Roles of an entrepreneur in an enterprise
,Wyllis muriithi @copyright2023
Entrepreneurship Lecture notes
4)Creativity and · Meaning of creativity and innovation
Innovation · Process of creativity and innovation
· Importance of creativity and innovation
· Barriers to creativity and innovation
· Managing creativity and innovation
5)Entrepreneur · Concept of entrepreneurial culture
ial Culture · Habits that promote entrepreneurial development
· Factors inhibiting entrepreneurial development
· Ways of managing factors that inhibit development
of entrepreneurial culture
Topic Sub – Topic
6)Entrepreneur · Meaning of entrepreneurial opportunities
ial · Ways of generating business ideas
Opportuniti
· Evaluation of business opportunities
es
7)Entrepreneur · Definition of entrepreneurial motivation
ial Motivation · Entrepreneurial motivation factors
8)Entrepreneur · Definition of entrepreneurial competence
ial competence · Key entrepreneurial competence
,Wyllis muriithi @copyright2023
Entrepreneurship Lecture notes
9)Starting a · Procedure of starting a small enterprise
small business · Factors to consider when starting a small
enterprise · Legal forms of business ownership
· Challenges faced when starting a small enterprise
· Business life cycle
· Regulations affecting business
· Business support services available for a small business
Page 2 of 165
10) Business · Definition of terms
enterprise · Functions of management in an enterprise
Management
· Inventory management
· Managing enterprise resources
11) Financial · Meaning of financial Management
Management · Importance of financial management
· Sources of business finance
· Types of business records
· Recording business transactions in the books of
accounts · Preparation of financial statement
· Interpretation of financial statements
Topic Sub – Topic
Importance of budgeting to a business
12) Marketing · Definition of terms
· Components of marketing
· Process of marketing
, Wyllis muriithi @copyright2023
Entrepreneurship Lecture notes
13) Enterprise · Definition of terms
Social · Enterprise social responsibility
Responsibility
· Types of enterprise social responsibility
and Business
Ethics · Importance of enterprise social responsibility
· Ethical behavior in an enterprise
14)Introduction to · Definition of business plan
business Plan · Components of a business plan
· Uses of a business plan
· Preparation of a business plan
Page 3 of 165
15) ICT in · Definition of terms
enterprise · Benefits of ICT
Management
· Uses of ICT Equipment
16) Emerging · Emerging issues and trends
trends and issues · Challenges posed by emerging issues and trends
in
· Ways of managing challenges posed by emerging issues
entrepreneurship
and trends.
INTRODUCTION TO ENTREPRENEURSHIP
Definition of Terms
Definition of an entrepreneur
✔ An entrepreneur is a person who identifies a business opportunity, harnesses and obtains
the resources necessary to initiate a successful business activity.
✔ The entrepreneur implements the idea
