Lesson Notes By Weeks and Term v4 - JHS 2
ESTABLISHING AND MANAGING A SMALL BUSINESS ENTERPRISE
Download the Lessonotes Mobile Ghana app for faster lesson access on Android and iPhone.
ESTABLISHING AND MANAGING A SMALL BUSINESS ENTERPRISE
Download the Lessonotes Mobile Ghana app for faster lesson access on Android and iPhone.
Subject: Career Technology
Class: JHS 2
Term: 3rd Term
Week: 13
Grade code: B8.6.2.1.1
Strand code: 6
Sub-strand code: 2
Content standard code: B8.5.3.1
Indicator code: B8.6.2.1.1
Theme: ENTREPRENEURIAL SKILLS
Subtheme: ESTABLISHING AND MANAGING A SMALL BUSINESS ENTERPRISE
This page supports the lesson note with a companion video and a short classroom-ready summary.
For class groups and homework, share this lesson page so learners also get the summary, objectives, and full lesson context.
In Ghana, we are surrounded by businesses of all sizes. From the woman selling roasted plantain on our street corner to the factory producing sachet water for our community, these businesses are the engine of our economy. They create jobs and provide the goods and services we use every day. As future entrepreneurs and leaders, it is very important to understand how these businesses are classified. This lesson will introduce you to the official categories of businesses – Micro, Small, and Medium-sized Enterprises (MSMEs) – and help you identify them in your own community. Understanding these categories is the first step towards planning your own future business.
What are MSMEs?
The term MSME stands for Micro, Small, and Medium-sized Enterprises. It is an umbrella term used to describe businesses that are not large corporations. These are the businesses that form the backbone of the Ghanaian economy. They include everything from a single person selling mobile phone credit to a small school or a local food processing company. How are Businesses Classified in Ghana?
In Ghana, government agencies like the Ghana Enterprises Agency (GEA), formerly known as the National Board for Small Scale Industries (NBSSI), use two main criteria to determine the size of a business. It's like using a measuring tape to find the size of something, but for businesses. Number of Employees: This is the total number of people who work for the business, including the owner if they work in it. Annual Turnover (or Sales): This is the total amount of money a business makes from selling its goods or services in one year, before paying its expenses.
Let's look at each category in detail.