Establishing and… · JHS1 Career Technology

Lesson notes

Learning Objectives

Indicator: B7.6.2.1.3 - Explain the advantages and disadvantages of being an entrepreneur

By the end of the lesson, learners can:

State at least four advantages of being an entrepreneur, such as self-management, employment creation, and working at their own pace.
State at least four disadvantages of being an entrepreneur, such as irregular income, difficulty in securing funds, and risk of business failure.
Give examples from real life in Ghana to illustrate at least two advantages and two disadvantages of running a small business.
Present their group’s ideas in a clear order, with each point explained fully, during a class discussion.
Weigh the advantages against the disadvantages for a given business scenario and make a simple judgment on whether it is a good idea to start that business.

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Curriculum details

Strand: Entrepreneurial Skills (Strand 6)
Sub-strand: Establishing and Managing a Small Business Enterprise (6.2)
Content standard: B7.6.2.1 - Demonstrate understanding of Establishing and managing a Small business Enterprise
Indicator: B7.6.2.1.3 - Explain the advantages and disadvantages of being an entrepreneur
Suggested placement: Term 3, Week 11 (Week 35 of the year)
Our suggestion, laid out in curriculum order across three terms of twelve weeks. NaCCA does not fix the week, so follow your school's scheme of learning.
Curriculum reference: Career Technology, Common Core Programme (JHS1-JHS3), 2023, p. 39
Transcribed from the official NaCCA publication. Check this page against the source.

Exemplars (from the NaCCA curriculum)

1. Discuss in groups, the advantages and disadvantages of being an entrepreneur
E.g.
- Advantage: self-management, employment creation
- Disadvantage: irregular income stream, difficulty in securing funds