This course is designed specifically for youth who are interested in learning more about entrepreneurship and exploring their potential as business owners. Throughout the two-day course, you will gain a comprehensive understanding of the concept of entrepreneurship and its importance, learn how to identify and evaluate business opportunities, and develop a solid business plan to help you succeed. You will gain valuable insights into financial management and learn how to effectively manage your finances as an entrepreneur.

1. SESSION ONE (1)
Basic entrepreneurship skills
Presentation By
PHILIPYATA

2. INTRODUCTIONTO ENTREPRENEURSHIP
1.1 Definition of terms
- Entrepreneurship
- Entrepreneur
- Business
1.2 Difference between Entrepreneur and businessman
1.3 Difference between self-employment and salaried employment
1.4 Contributions of entrepreneurship to national development
1.5 Types of entrepreneurs
1.6 Functions of an entrepreneur
1.7 Qualities of a good entrepreneur
1.8 Roles of an entrepreneur in an enterprise

3. 2. Entrepreneurial culture
2.1 Concept of entrepreneurial culture and it’s elements
2.2 Main factors influencing entrepreneurial culture
2.3 Habits that promote entrepreneurial development
2.4 Factors that hinders/inhibit entrepreneurial development
2.5 Ways of solving the factors above

4. Objectives of this training
By the end of this training, participants should be able to:
 explain the meaning of entrepreneurship
 differentiate between an entrepreneur and a businessperson.
Understand the concept of entrepreneur
 explain the concept of entrepreneurial development

5. 1.1 Entrepreneurship meaning
Entrepreneurship is a French word meaning to undertake and focuses on a
business enterprise
In a broader sense, entrepreneurship refers to the means of stimulating
innovative and creative undertakings for a better business community.
What is entrepreneurship?
Entrepreneurship: refers to a system of operating a business in which
opportunities existing within the scope of a market are exploited.
Or
Entrepreneurship: is a process whereby an individual or group within a large
organization creates something new or different to maximize on the available
opportunities to that organization.
Entrepreneur: refers to a person who identify the business opportunities,
harnesses, and obtains the necessary resources to initiate it.

6. Business: is an economic activity where goods and services are exchanged for
one another or for money.

7. 1.2 Differences between an entrepreneur and a businessman
1. A businessman runs an undertaking where as an entrepreneur runs a start up with an
original innovative product/idea.
2. Businessman sets up a business as a new entrant in an existing market where as an
entrepreneur comes up with a unique concept or idea to generate business.
3. Businessmen focus on short term profits where as entrepreneurs are visionary and they
set long term goals.
4. Businessmen are calculative while entrepreneurs are intuitive

8. 1.3 Differences between self employment and salaried employment
-Working hours
- Responsibilities
- Benefits
- Job security
-Taxes
- Contract

9. 1.4 Contributions of entrepreneurship to the national development
 Employment opportunity
 Promotion of domestic products
 Raises standard of living
 Rural development
 Conservation of foreign exchange
 Promotion of community development
 Facilitate development of financial markets
 Reduce dependence on imports
 Promote exports
 etc.

10. 1.5 Types of Entrepreneur
1. Craft entrepreneur; exploits and utilize personal skills to start a business.
2. Opportunistic Entrepreneur; act as a manager and with a view to expand the
business to the maximum.
3. Social Entrepreneur; recognizes a social problem and uses entrepreneurial
principles to organize, create and manage a venture to achieve social change.
4. Political Entrepreneur; seeking political support from political bodies in order to
promote, expand and profit from their own commercial ventures.

11. 1.6 Functions of an entrepreneur
Bearing of uncertainties
Provision of risk capital
Management of the business enterprise
Identifying gaps in the market and turning those gaps to opportunities
Searching for business opportunities
Mobilization of resources

12. 1.7 Qualities of a good entrepreneur
• Taking action in the face of significant obstacles
• Sees and acts on new business opportunities
• Doing things before being asked or forced to do
• Consultation of experts on business and technical advise
• Undertakes market research analysis and investigation
• Placing the highest priority to make the job completed
• Accepting all the challenges that may occur in making the job done
• Developing and using logical plans to meet goals
• Evaluate alternatives
• Strong belief in self and own abilities
• Convince people to buy the products
• Convince people on raising funds etc.

13. 1.8 Roles of an entrepreneur in an enterprise
They includes; -
1. The roles of an entrepreneur includes the following;
2. Anticipate challenges and address them
3. Oversees processes and fulfil administrative tasks
4. Regularly seek out opportunities that can grow the business
5. Taking up and reducing business risks
6. Creating an environment for partnership
7. Applying technology on the daily activities of the business

14. SEVEN STRATAGIES TO GROW YOUR SUCCESSFUL BUSINESS
Video plays

15. Group Discussion 1
Discuss why entrepreneurs carry out market survey before starting a
business.

16. 2. Entrepreneurial Culture
2.1 Concept of Entrepreneurial culture
Culture encompasses a wide variety of elements such as values, norms and artifacts. Theses
are dependent on language, social situation, religion, political philosophy, economic
philosophy, education, manners and customs.
An entrepreneurial culture is a system of shares values, beliefs and norms of members in
the entrepreneurial community
or
Entrepreneurial culture; refers to the way of embracing the concept of finding new
opportunities in business and gathering the necessary resources to fill the opportunity.
Elements of an entrepreneurial culture
• People are empowerment focused
• Value creation is true innovation and change
• Attention to basic/details

17. • Hands on management
• Doing the right thing
• Freedom to grow and to fail
• Commitment and personal responsibility
• Emphasis on the future

18. 2.2 Main factors influencing entrepreneurial culture
- Appropriate knowledge and skills
- Availability of finance or fund
- Political stability
- Appropriate trainings
- Culture
- Availability of market
- Availability of resources
- Government policies
- Development of infrastructure

19. Group discussion 2
What relate culture to entrepreneurship?

20. 2.3 Habits that promote entrepreneurial development
1. Risk taking
2.Time consciousness
3. Direct/personal involvement
4. Independence
5.Work ethics
6. Money oriented
7.Willingness to fail or make mistakes

21. 2.4 Factors that hinders/inhibit entrepreneurial development
a. Lack of relevant education and skills
b. Unfavorable government policies e.g. High taxes
c. Poor infrastructure
d. Poor pricing policy
e. Negative attitudes towards entrepreneurial culture
f. Inability to uphold new technology, ideas and practices
g. Language barrier
h. Shortage of resources e.g. capital and human resources
i. Poor networking and benchmarking to expand business horizon, customer base and market
j. Limited market
k. Religious believes

22. 2.5 Ways to manage the factors that inhibit entrepreneurial culture
a) Relevant training to gain skills and experience
b) Employing people with right qualifications to advice on pricing and costing products to beat competition
c) Setting policies that include entrepreneurship in education syllabus
d)Training workers on appropriate technology use and innovative ways and practices
e) Aspiring entrepreneurs to seek guidance in selection of machines and facilities
f) Upholding social networks, joining business groups like the chamber of commerce and business
associations.
g)Working on related business area to gather sills and experience

23. Name: Philip Yata
Title: An Entrepreneur
Email: yataphilip1991@gmail.com
WhatsApp: +211923739333