Business Studies - Junior Secondary 2 - Personal qualities of an entrepreneur

TERM: 2^ND TERM

WEEK TWO

Class: Junior Secondary School 2

Age: 13 years

Duration: 40 minutes of 5 periods each

Date:

Subject: BUSINESS STUDIES

Topic: PERSONAL QUALITIES OF AN ENTREPRENEUR

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

I.)  Mention the Personal Qualities of Entrepreneur

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

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

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

NOTE

PERSONAL QUALITIES OF AN ENTREPRENEUR

Successful entrepreneurs often possess a combination of personal qualities that contribute to their ability to innovate, lead, and build successful ventures. Below are some major personal qualities commonly associated with entrepreneurs:

1. Visionary: Entrepreneurs have a clear vision of what they want to achieve and the ability to set ambitious goals for their ventures.
2. Risk-Taker: They are willing to take calculated risks, understanding that entrepreneurship involves uncertainty and potential setbacks.
3. Resilience: Entrepreneurs bounce back from failures, setbacks, and challenges, maintaining motivation and perseverance in pursuit of their goals.
4. Adaptability: They can quickly adapt to changes in the market, industry trends, and customer preferences, adjusting their strategies accordingly.
5. Creativity: Entrepreneurs are creative thinkers who generate new ideas, solutions, and approaches to solve problems and innovate.
6. Passion: They are passionate about their business ideas and ventures, fueling their drive and commitment to overcome obstacles and achieve success.
7. Leadership: Entrepreneurs possess leadership qualities, inspiring and motivating their teams, and effectively delegating tasks to achieve business objectives.
8. Decision-Making: They make informed and timely decisions based on data, insights, and intuition, often under pressure and uncertainty.
9. Networking Skills: Entrepreneurs build and leverage networks of contacts, mentors, advisors, and partners to gain support, resources, and opportunities.
10. Financial Management: They understand financial principles and effectively manage budgets, cash flow, and resources to sustain and grow their ventures.
11. Customer Focus: Entrepreneurs prioritize understanding customer needs and preferences, delivering value through products or services that address market demands.

EVALUATION: 1. Mention and explain 7 Personal Qualities of Entrepreneur

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively