Entrepreneurship Lecture Notes

Introduction

• Welcome by Tutor Wax and Tutor Mel.
• Purpose: Enhance skills and competencies for entrepreneurship.
• Target audience: Senior high school students (Grade 12).

Recap of Last Week's Lesson

• Defining Entrepreneurship:
  • Importance of understanding what entrepreneurship means.
  • Roles of an entrepreneur discussed.
• Relevance of Entrepreneurship:
  • Benefits to the economy and society.
• Origin of the Word:
  • "Entrepreneur" comes from the French word "Antraprendre" which means to undertake.
• Risks in Entrepreneurship:
  • Entrepreneurs must be aware of risks involved.
• Factors Affecting Entrepreneurship:
  • Personality factors.
  • Environmental factors.
• Common Competencies in Entrepreneurship:
  • Overview of key competencies necessary for entrepreneurs.

Objectives for Today's Lesson

• Explain core competencies in entrepreneurship.
• Explore job opportunities available to entrepreneurs.

Activity: True or False Statements

1. An entrepreneur can become a business consultant.
   • Answer: True
2. Entrepreneurship is not an economic activity.
   • Answer: False
3. An entrepreneur can also become a salesman.
   • Answer: True
4. An entrepreneur can easily see the results of his efforts.
   • Answer: False
5. An entrepreneur can also be a researcher.
   • Answer: True

Core Competencies in Entrepreneurship

1. Economic Activity:
   • Involves creating and operating enterprises to generate wealth.
2. Innovative:
   • Entrepreneurs seek new ideas and strive for creativity.
3. Profit Potential:
   • Entrepreneurs earn profits from their business operations.
4. Risk Bearing:
   • Entrepreneurs take calculated risks to maximize income.

Types of Entrepreneurs

1. Innovative Entrepreneurs:
   • Create new ideas and products.
2. Imitating Entrepreneurs:
   • Follow and adapt ideas from others (e.g., franchising).
3. Fabian Entrepreneurs:
   • Hesitant to change; follow trends only when necessary.
4. Drone Entrepreneurs:
   • Conservative, preferring traditional business methods.
5. Social Entrepreneurs:
   • Focus on social change and innovation in various fields (e.g., education, health).

Job Opportunities for Entrepreneurs

1. Business Consultant:
   • Provide advice and expertise in entrepreneurship.
2. Salesman:
   • Utilize persuasive skills to sell products.
3. Researcher:
   • Conduct research for enterprises.
4. Business Reporter:
   • Work as a reporter specializing in business topics.

Assessment of Entrepreneurial Qualities

• Students asked to evaluate their entrepreneurial qualities (e.g., risk-taker, communicator, innovator).

Conclusion

• Reminder of the importance of cultivating entrepreneurial qualities.
• Appreciation for participation and encouragement to engage in entrepreneurship.
• Next session scheduled for the following Friday at 11 AM.
• Contact information for further inquiries provided.