INFORMATION

TECHNOLOGY

CLASS XII
Subject code(802)

EMPLOYABILITY SKILLS
Entrepreneurial Skills
#1
 Entrepreneurship
What does this word mean to you?

The act of setting out on your own and starting a

business instead of working for someone else in
their business.

Characteristics of an entrepreneur:
• interested
• skilful
• able to (financially) invest
• a risk-taker

#2
 The Mind of an Entrepreneur
What is the mind of an entrepreneur like?

Entrepreneurs are independent thinkers who

believe they have the ability to succeed.

How do they start a business?

• Identify the target audience.
• Identify the specific problem that
audience is experiencing.
• Design a product that will help.
• Explain how the product will help to
solve the problem.

#3
 Intrepreneurs
An intrepreneur uses their skill, passion and
innovation to manage or create something useful for
someone else’s business.
Thinking in a critical way and having the same driving
force to provide solutions are very valuable to
employers (and your school!).

Could you be an intrepreneur at school?

What could you do at school that would be acting like an intrepeneur?

• school prefect
• after-school helper
• organise a club or revision group

#4
 Our Own Business
Imagine you have a business of your own.

Would you provide goods or services?

Would you make or sell things?

What would you call your business?

What would your brand logo look like?

#5
 Enterprise Vocabulary
To run a successful business, you need to understand concepts such
as:

profit stock revenue

credit receipt loss
budget expenses

#6
 All businesses incur expenses.
An expense is something the business has to spend money on. Stock,
rent, wages and bills are examples of expenses.

#7
The amount of money a business receives
is known as its revenue.
Revenue is the money the business earns, without considering
expenses.

Revenue can also be referred to as turnover.

#8
 Businesses trade to make a profit.
Profit is the amount of money a business makes. It is their revenue
minus their expenses.

#9
 Businesses do not want to make a loss.
A loss occurs when business expenses are greater than the amount of
revenue in a set period of time.

If the business spends more money than it receives, it makes a loss.

12,000 + 34,000 = 46,000

46,000 – 54,500 = -8,500

#10
All businesses need to keep their receipts
in order.
Businesses keep receipts to show what they have paid for
goods and services.

This helps the business to keep track of their budget.

#11
 Can you read the following passage and
answer the questions?
Maran has a small business making ice-cream. Yesterday, he had a
stall at the local market. Maran’s budget for buying ingredients to
make stock for the market was Rs 5000. He had to pay Rs 2000 to hire
the stall and a further Rs 500 each for electricity to run two freezers to
keep the ice-cream frozen.

After a successful day, Maran’s revenue was Rs 10,000.

1. Did Maran make a profit or loss at the market?

2. How much profit or loss did he make?
3. Can you show how you worked this out?

#12
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#15
 Entrepreneurship Education is
Important - Personal
why?

• 7 of 10 high school students want to start their own

business.
• More opportunity to exercise creative freedoms.
• Higher self-esteem.
• Greater sense of control over your life and future.

#16
 Entrepreneurship Education
what?
• Entrepreneurs are not “born”…they “become” through the
experiences of their lives
• Entrepreneurs have a great diversity of personal
characteristics, the common one: being willing to take a risk
in return for a profit.
• Anyone can be an entrepreneur at any time of one’s life.
• Entrepreneurship is NOT learned by reading a textbook and
then taking a test to prove you are one.
• Entrepreneurship education activities are a real-life vehicle
for developing academic skills.
• Entrepreneurs are found in every occupation and career.
• Entrepreneurship education opportunities are important at all
levels of education.

#17
 What does the word ‘budget’ mean?

A B
That something is cheap Making sure you don’t
to buy. spend more than you have.

C D
Buying everything that I Asking my family to give
want. me money to buy new
things.

#18
 What is the best way to make sure that you
have enough money to buy what you want to
buy?

A Borrow money from

someone.
B Save up any money that I
get.

C Get a credit card.

D Ask someone in my
family to buy it for me.

#19
 The money that someone earns is
called their…

A Savings
B Job

C Outgoings
D Income

#20
 If someone spends more than they earn,
they will end up in…

A Profit
B Interest

C Debt
D Budget

#21
 An example of a ‘necessity’ that
adults budget for is…

A Books
B Cinema trips

C Food shopping
D DVDs

#22
 Everything that someone spends is
called their…

A Income
B Outgoings

C Profit
D Balance

#23
 (A) Entrepreneurial Processes

Understands concepts and processes associated with successful

entrepreneurial performance. The steps in the process of
creating and running a business are:
Discovery
Dreaming about possibilities.
Concept Development
Choosing an idea and creating a plan.
Resourcing
Testing the feasibility of the plan.
Actualization
Entrepre-
Starting and running the business. neurial
Harvesting Skills
Deciding on the future of the Business
business. Functions
Ready
Skills

#24
 (E) Digital Skills

Understands concepts and procedures needed for basic

computer operations.
•Computer Basics
•Computer Applications

Entrepre-
neurial
Skills

Business
Functions
Ready
Skills

#25
 (J) Human Resource Management

Understands the concepts, systems, and strategies needed

to acquire, motivate, develop, and terminate staff.
•Organizing
•Staffing
•Training/Development
•Morale/Motivation
•Assessment Entrepre-
neurial
Skills

Business
Functions
Ready
Skills

#26
 (K) Information Management

Understands the concepts, systems, and tools needed to

access, process, maintain, evaluate, and disseminate
information for business decision-making.
•Record Keeping
•Technology (Cloud Computing)

Entrepre-
neurial
Skills

Business
Functions
Ready
Skills

#27
 (L) Marketing Management

Understands the concepts, processes, and systems needed to

determine and satisfy customer needs/wants/expectations,
meet business goals/objectives, and create new
product/service ideas.
•Product/Service Creation
•Marketing-Information Management
•Promotion
Entrepre-
•Pricing neurial
Skills
•Selling
Business
Functions
Ready
Skills

#28
 (M) Operations Management

Understands the processes and systems implemented to

facilitate daily business operations.
•Business Systems
•Channel Management
•Purchasing/Procurement
•Daily Operations
Entrepre-
neurial
Skills

Business
Functions
Ready
Skills

#29
 (N) Risk Management

Understands the concepts, strategies, and systems that

businesses implement and enforce to minimize loss.
•Business Risks
•Legal Considerations

Entrepre-
neurial
Skills

Business
Functions
Ready
Skills

#30
 (O) Strategic Management

Understands the processes, strategies, and systems

needed to guide the overall business organization.
•Planning
•Controlling

Entrepre-
neurial
Skills

Business
Functions
Ready
Skills

#31
 Business Challenge
Split into groups of 5 people.
Your task is to present a business idea pitch at the end of the session.

As entrepreneurs, you will have to think carefully about the next questions to
be sure you are making the best product and doing the right thing.

Who is your target audience?

What are the specific problems that your target

audience are experiencing?

What is your proposed solution?

How will your product solve the problem?

#32