2.4 Entrepreneurship

• The meaning of entrepreneurship and an entrepreneur
• Entrepreneurial skills and qualities
• Types of entrepreneur
• Business ideas and business opportunities
• Identifying and evaluating an opportunity
• Business incubation
• Starting a business in school

• assess the entrepreneurial skills for economic growth
• examine the types of entrepreneurs in business
• evaluate business ideas and opportunities for business start-ups
• justify the importance of incubation for business growth
• identify an opportunity and start a business in school
• embrace entrepreneurial skills in business start-ups

“How are business opportunities identified?”

“Why is business incubation important?”

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1. Entrepreneurship: skills, qualities and types
   40 min · 1 practice tasks · quiz
   What an entrepreneur is, the skills and qualities that make one succeed, the types of entrepreneur, and an honest look at one's own entrepreneurial potential.
2. Ideas, opportunities, incubation, and starting a business
   40 min · 1 practice tasks · quiz
   The difference between an idea and an opportunity, how opportunities are identified and evaluated, what business incubation is, and starting a real business in school.
3. What entrepreneurship is
   40 min · 1 practice tasks · quiz
   The meaning of entrepreneurship and an entrepreneur, set against a hired manager and a worker, using Kenyan kiosks, SACCOs and MSMEs.
4. Entrepreneurship and economic growth
   40 min · 1 practice tasks · quiz
   Why entrepreneurs matter for Kenyan jobs, goods, tax, innovation and the use of idle resources, especially through MSMEs.
5. Entrepreneurial skills in a Kenyan MSME
   40 min · 1 practice tasks · quiz
   The skills that turn an idea into a working kiosk, SACCO mill or school stall, practised rather than inherited.
6. Qualities, integrity and a self-assessment
   40 min · 1 practice tasks · quiz
   Honest self-assessment of entrepreneurial qualities, with integrity as the quality that makes the others last.
7. Types: innovative, imitative, opportunity and necessity
   40 min · 1 practice tasks · quiz
   Four common types of entrepreneur by idea and by motive, with Kenyan MSME examples that refuse to rank necessity as inferior.
8. Types by scale, sector and social purpose
   40 min · 1 practice tasks · quiz
   Small and large entrepreneurs; trading, making, service and agricultural; social and serial types, using Kenyan examples.
9. A business idea is not yet an opportunity
   40 min · 1 practice tasks · quiz
   The difference between a thought about a business and a checked opportunity with real demand, timing and profit, using Kenyan school and stage examples.
10. How opportunities are identified
    40 min · 1 practice tasks · quiz
    Sources of Kenyan business opportunities: unmet needs, complaints, change, skills, copies from elsewhere, waste and seasons.
11. Evaluating an opportunity
    40 min · 1 practice tasks · quiz
    Six tests before start-up: demand, supply, profit, legality, competition and risk, worked on Kenyan school and MSME cases.
12. Incubation and starting a business in school
    40 min · 1 practice tasks · quiz
    Why business incubation raises survival odds, and how to identify, plan, fund, run and review a small honest school venture.