Business Studies - Junior Secondary 1 - Entrepreneurship

TERM: 2^ND TERM

WEEK FIVE

Class: Junior Secondary School 1

Age: 12 years

Duration: 40 minutes of 5 periods each

Date:

Subject: BUSINESS STUDIES

Topic: ENTREPRENEURSHIP

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

I.) State the Meaning of Entrepreneurship

II.) State the Meaning of Enterprise

III.) Define Self Employment

IV.) Maintain facilities available for Self-employment

V.) List successful Entrepreneurs in your Locality Nigeria and Internationally.

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures,

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

NOTE

ENTREPRENEURSHIP

Entrepreneurship refers to the process of identifying opportunities in the market, taking risks to capitalize on those opportunities, and organizing resources to create and operate a business. Entrepreneurs are individuals who initiate and manage businesses with the aim of achieving profit and growth.

Meaning of Enterprise

An enterprise typically refers to a business or company engaged in commercial or industrial activities. It can range from small-scale enterprises to large corporations. The term also encompasses the organizational structure, operations, and activities involved in running a business entity.

Self-Employment

Self-employment refers to individuals who work for themselves rather than for an employer. They may operate their own business, provide freelance services, or work as independent contractors. Self-employed individuals are responsible for managing their work, finances, and business operations.

Facilities Available for Self-Employment

Facilities and support available for self-employment may include:

1. Financial Support: Grants, loans, and funding opportunities for starting or expanding a business.
2. Training and Development: Workshops, seminars, and courses to enhance entrepreneurial skills and business management.
3. Networking Opportunities: Events, conferences, and platforms for connecting with mentors, investors, and potential clients.
4. Incubation Centers: Spaces offering infrastructure, resources, and mentorship to early-stage entrepreneurs.
5. Legal and Regulatory Guidance: Assistance with business registration, licensing, and compliance with local laws and regulations.

Successful Entrepreneurs in Nigeria and Internationally

In Nigeria:

1. Aliko Dangote: Founder of Dangote Group, one of the largest conglomerates in Africa with interests in cement, sugar, and other commodities.
2. Folorunso Alakija: Founder of Famfa Oil Limited and one of Nigeria's wealthiest women, with interests in oil exploration and fashion.
3. Tony Elumelu: Founder of the Tony Elumelu Foundation and Heirs Holdings, a conglomerate with investments in banking, hospitality, and energy sectors.

International:

1. Elon Musk: CEO of Tesla and SpaceX, known for his ventures in electric vehicles, renewable energy, and space exploration.
2. Jeff Bezos: Founder of Amazon, the world's largest online retailer, and Blue Origin, a private aerospace manufacturer and spaceflight services company.
3. Oprah Winfrey: Media mogul, TV host, and philanthropist, known for her successful media empire and influential role in entertainment and publishing.

EVALUATION: 1. What is the Meaning of Entrepreneurship

2. Mention 4 facilities available for Self Employment
3. List 2 successful Entrepreneurs in your Locality Nigeria and Internationally.

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively