Establishing and… · JHS1 Career Technology

Lesson notes

Learning Objectives

Indicator: B7.6.2.1.1 - Explain what is meant by ‘entrepreneurship’ and ‘entrepreneur’

By the end of the lesson, learners can:

Define “entrepreneurship” in their own words as the activity of setting up a business and taking financial risks in the hope of profit.
Define “entrepreneur” as a person who sets up a business or businesses, taking on financial risks in the hope of making profit.
Distinguish between an entrepreneur and a regular business owner using given examples from their locality.
Identify the key parts of the definition (business creation, financial risk, hope of profit) and explain each part using a simple example.
Present their understanding of entrepreneurship and entrepreneur clearly in a short oral or written explanation, in a logical order.

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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: B7.6.2.1.1 - Explain what is meant by 'entrepreneurship' and 'entrepreneur'
Suggested placement: Term 3, Week 9 (Week 33 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. 38
Transcribed from the official NaCCA publication. Check this page against the source.

Exemplars (from the NaCCA curriculum)

E.g.
1. Entrepreneurship is the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
2. An entrepreneur is a person who sets up a business or businesses taking on financial risks in the hope of making profit.