Unit-4 Entrepreneurial Skills – I
📘 Chapter 4: Entrepreneurial Skills – I
Class 9 Employability Skills | Code 417
Duration: 10 hours | Marks: 4
📌 Learning Objectives:
By the end of this chapter, students will:
- Understand the meaning of entrepreneurship and entrepreneurs.
- Identify the qualities and functions of successful entrepreneurs.
- Learn about different types of entrepreneurs and business activities.
- Appreciate the role of entrepreneurship in personal and economic development.
🧠 1. What is Entrepreneurship?
Entrepreneurship is the process of starting and managing a business to earn profit by taking risks and solving problems.
- It involves using creativity, innovation, and leadership to build a new business.
- It creates jobs, contributes to economic development, and solves real-life problems.
👤 2. Who is an Entrepreneur?
Entrepreneur is a person who starts a business, takes risks, and uses resources to make profits.
✅ Characteristics of an Entrepreneur:
| Trait | Explanation |
|---|---|
| Creative | Finds new ideas and solutions |
| Risk-taker | Willing to take financial and personal risks |
| Confident | Believes in themselves and their vision |
| Hardworking | Works tirelessly to achieve goals |
| Leader | Guides and motivates others |
| Innovative | Brings new products or services |
🔧 3. Functions of an Entrepreneur
| Function | Explanation |
|---|---|
| Idea generation | Finding a business opportunity |
| Resource organization | Arranging capital, labor, tools, etc. |
| Risk-taking | Facing uncertainty with planning and courage |
| Decision-making | Making quick and effective business decisions |
| Managing the enterprise | Running day-to-day operations |
🌟 4. Types of Entrepreneurs
| Type | Description |
|---|---|
| Innovative Entrepreneur | Comes up with new ideas, products, or markets |
| Imitative Entrepreneur | Copies or adopts existing business models |
| Social Entrepreneur | Works for social causes (e.g., education, health) |
| Women Entrepreneur | A female leading or starting a business |
📈 5. Entrepreneurship and Economic Growth
Entrepreneurship leads to:
- Employment generation
- Innovation and technology growth
- Improved living standards
- Development in rural and urban areas
📚 6. Real-Life Examples of Indian Entrepreneurs
| Name | Company/Field | Inspiration |
|---|---|---|
| Ratan Tata | Tata Group | Philanthropy and innovation |
| Kiran Mazumdar Shaw | Biocon (Biotech) | First Indian biotech entrepreneur (female) |
| Narayana Murthy | Infosys (IT services) | Pioneer in Indian IT industry |
| Byju Raveendran | BYJU’S (EdTech) | Revolutionized digital learning in India |
📝 Practice Activities
| Activity | Objective |
|---|---|
| Group project: Create a business idea | Develop creativity and teamwork |
| “My Dream Startup” poster | Practice visual thinking and presentation |
| Entrepreneurship quiz | Revise key terms and facts |
| Role-play: Pitch your product | Build confidence and communication skills |
| Case study of a local entrepreneur | Relate learning to real-world examples |
🔖 Teacher Tips:
- Organize a “Young Entrepreneurs Day” in class.
- Show short videos on startup journeys.
- Encourage students to observe local businesses.
- Involve parents/community in sharing business experiences.
🧾 Quick Revision Points:
- Entrepreneurship = Starting and managing a business.
- Entrepreneurs are creative, confident, risk-takers.
- They help in generating jobs and growing the economy.
- Entrepreneurs can be innovative, social, or imitative.
- Real-life examples help inspire young minds.
🎓 Suitable For:
School Entrepreneurship Clubs
CBSE Class 9 Students
Vocational Education Sessions
Career Awareness Programs
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