Chapter Name: Describe entrepreneurship
Description:This chapter provides an overview of entrepreneurship, including its characteristics and significance.
Purpuse:To introduce learners to the concept and importance of entrepreneurship.
Rational:Fostering an entrepreneurial mindset is key to initiating and sustaining business ventures.
Chapters Topics
Entrepreneurship is discussed in terms of employment opportunities.
Explore how entrepreneurship contributes to job creation, both for the entrepreneur and the wider community.
Entrepreneurial opportunities are identified and described within a specific economic area related to the interest of the learner.
Identify and describe potential business opportunities in sectors or regions relevant to the learner’s interests or environment.
An explanation is given of the advantages and disadvantages of entrepreneurship.
Discuss the pros (e.g. independence, profit potential) and cons (e.g. risk, workload) of starting and running a business.
Reasons for business failure are identified and discussed with examples.
Identify common causes of business failure (e.g. poor planning, lack of capital) and illustrate them with real-world or relevant examples.
An explanation is given of the role of entrepreneurship in social development.
Discuss how entrepreneurship contributes to social upliftment through job creation, innovation, and local economic development.