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4 views

MODULE 1 - Topic 1 and 2

Uploaded by

11zozam11
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Tell us about Yourself -1

Choose one brand to be your own -2


business and explain why
Entrepreneurship 1

?MODULE 1 – WHAT IS ENTERPRISING


.Topic 1 – Meaning and scope of Enterprising
What Is Enterprising in
?personal context
Any identified idea translate into a planned
and satisfactorily implemented activity.

Idea Planned Implemented


What Is Enterprising in
?Business context
Business Venture (Project) or
.undertaking (Project) that bring profit
:What Is Enterprise
An Organization, a Company, or a Business.
What Are the characteristics of
?enterprising people
N E P I I G
E T R R S N
MPATH
LAN
NERGY NIN KILLS
EED NNOVATION
G
TO ISKTAKING NDEPENDENT
OAL ORIENTED
ETWORKING
ACHORIENTED
ASK ESOURCEFULNESS
EIV
E
Energy
Working hard, but in a smart
way.
Need to Achieve
You need to have the motivation to
achieve success.
Task oriented

Tasks have to be well executed and completed


on time.
Empathy
You are able to mentally put yourself in
the position of the people you intend
to influence.
Resourcefulness
You are able to provide the leadership and guidance
needed to manage the enterprise.
Planning
It is necessary to establish a written plan.
Risk-taking
The decision to go ahead and start the enterprise
or undertake the activity must be made.
Skills
The ability to undertake and complete activities.
Independence
Enterprising people are able to make their own
decisions and are self reliant.
Networking
Enterprising people obtain information and learn
from feedback they receive from others.

(A group of people of companies)


Goal oriented
Enterprising people are results-oriented experts
at setting their own goals.
TOPIC 2: SMALL BUSINESS
What the elements that constituting the
meaning of small Business?

1 Independent
management
2 Owner supplied capital

3 Mainly local area of operation

5 Small size within industry


WHAT IS SMALL BUSINESS

Personal 01
contact with
04
a large
proportion of
employees.
Owner has
Employing not direct lines of
more than communication
fifty (50) with the
people operating
managers
Individually
owned and 02
03 operated
WHAT ARE THE REASONS FOR INTEREST IN SMALL
BUSINESS?

1
2
Reduce poverty and large numbers of
contribute to people involved in
development small enterprise

4
Employees and 3
sometimes owners
tend to be Small enterprises
underprivileged offer many job
opportunities,
especially for women.
Weaknesses and Strengths of Small Enterprises

Personal touch Financial limitation


Strengths

Greater motivation Staffing problems

Weakness
Greater flexibility Higher direct costs

Less bureaucracy Lack of credibility

Unobtrusive Too many eggs in one


basket
Weaknesses of Small Enterprises
Financial limitation
lack of MONEY, No one give them loan.
Staffing problems
Small companies cannot pay top salaries and
provide the opportunities.
Higher direct costs
A small enterprise CANNOT BUY RAW MATERIALS,
machinery or supplies as cheaply as a large
company.
Too many eggs in one basket

Using all your (money) saving for your enterprise


if you lose you lose it all.
Lack of credibility

Difficult to prove itself And entre new market.


Strengths of Small Enterprises
Personal touch

Often pay a premium for PERSONALIZED attention


Greater motivation

They are the OWNERS ,They work HARDER, LONGER


and with MORE PERSONAL INVOLVEMENT.
Greater flexibility

Shorter lines of communication


Less bureaucracy

Decisions can be made QUICKLY and the results


can be CHECKED EASILY.
Unobtrusive (less
conspicuous)
Small company can try new sales tactics or
introduce new products without attracting undue
attention or opposition.
1. An idea that is translated into a planned and implemented activity?

a. Enterprising
b. Goal
c. Plan
d. Market

2. Individually owned and operated business

A. Small business
B. Medium business
C. large business
D. None of them
5. Which one indicates the rewards for being an Entrepreneur?

A. Self-actualization
B. making profit
C. providing jobs
D. All of them.

4. A business with fifty (50) employees or less is classified as


…………….

A. small business
B. Medium business
C. large business
D. None of them
5. One of the Small Enterprise strength include

A. Greater motivation
B. Staffing problem
C. Lack of credibility
D. Financial limitation
NO Sentence T/F

1 Small enterprises offer many job opportunities, especially for women.

2 One of the weaknesses of starting small business is low direct cost.

3 Small enterprises eliminate poverty and contribute to development

4 “skills means the ability or know how”.

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