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Research identifies a key skill for many persons after completing their formal education is entrepreneurial ability. Entrepreneurship is doing something new. An entrepreneur is a starter, a person who creates something new.
"Starting and growing a businesss is as much about the innovation, drive and determination of the people behind it as the product the sell." - Elon Musk
An entrepreneur identifies, organises, starts and operates a business which is usually a small business by taking risk in order to make a profit.However entrepreneurship is not just focused on individuals but in this rapidly changing world it is important for any organisation from a small business to a large multi-national corporation, and in public, private and government organisations.In every country there are often more people seeking jobs than there are jobs available. Therefore to earn a living many persons need to work for themselves; they need to become entrepreneurs. Entrepreneurship is the future of the global economy and will be the major factor in the progress of developing economies.So whether you will work for an organisation as an employee, or work in your family business or start your own business, having entrepreneurial skills is a key skill for you to succeed.
This Certificate is designed for you to understand how a new product or service can be successfully developed and launched by forming a new business or by creating new opportunities within an existing business.
You will be able to demonstrate personal attributes that enable the best use of entrepreneurial opportunities.
You will have an improved ability to sell yourself and your idea to external funders.
The learning also covers understanding the basics of developing a feasibility study and a business plan.
You will learn how to interpret financial statements and how potential investors evaluate a business plan.
And finally you will learn the importance of customer orientation. The customer must be the focus of every business.
After completing this Certificate you will understand the nature of entrepreneurship and be better placed to identify and succeed with your entrepreneurial business idea. These skills will support your employability and help you to achieve success in your career.
1. Introduction to entrepreneurship. History of trade and entrepreneurship. Definitions. The importance of entrepreneurship. Learning outcomes.
2. Different types of entrepreneurs and entrepreneurial firms. The entrepreneurial idea. The feasibility study.
3. The entrepreneurial business plan.
4. Financial challenges for an entrepreneur. Financial statements. How investors and lenders evaluate a business plan. Customer orientation.
When you have completed viewing the videos covering Entrepreneurial Competency and passed the multi choice questions at the end of each video you will be eligible to download a digital certificate. This will confirm your participation in the learning and demonstrate to employers your initiative in developing this key workplace skill.
