ENTREPRENEURIAL EDU AWARENESS TOPIC 4.pptx

ENTREPRENEURIAL EDU AWARENESS

1. ENTREPRENEURIAL AWARENESS Entrepreneurial activities are determined by: a) An individual’s capabilities. b) Awareness c) motivational factors of individuals. d) An individual’s competence in running a business. e) Availability of resources.

2. TYPES OF BUSINESS CONCERNS According to legal structures businesses can be classified as follows: Sole proprietor Partnership Private limited company Public limited company 5/16/2021 2

3. SOURCES OF BUSINESS FINANCE Sources of business finance can be classified under the following categories: Equity finance Debt finance 5/16/2021 3

4. FACTORS TO CONSIDER IN SELECTING SOURCES OF BUSINESS FINANCE Amount of money required Purposes for the finance Cost of the money ( interest accrued ) Necessity of the money ( start up costs, operating costs, expansion costs ) 5/16/2021 4

5. Conditions of borrowing Collateral/security Net earning power of the borrowing Capability of management of the business The long-range prospects of the business Repayment terms 5/16/2021 5

6. Types of collateral Endorsers Guarantors Real estates Savings accounts Life insurance Stocks and bonds. 5/16/2021 6

7. Policies governing small scale business They are based on the following: a) Infrastructure b) Export / import incentives c) Pricing policy d) Credit facilities e) Education f) Technological development g) Enabling environment 5/16/2021 7

8. Problems of starting of starting and operating small scale enterprises They operate a highly regulated setting. Mostly are excluded from mainstream business activities. Licenses and permits take too long before they are given out. Poor extension of physical activities. Gender hostility problems The employment’s act restrictions. The inheritance laws Gender inequality. Poor quality products Competition 5/16/2021 8

9. Licenses and permits take too long before they are given out and the permits required are very many before one can start a business. Poor extension of physical activities. These include operations in areas with poor roads, no telephone for easier network operations in hot sun an as a result their performance is reduced e.g. mechanics Gender hostility problems. Those who are women are seen as women and not as individuals working. Society is very hostile to them 5/16/2021 9

10. The employment’s act restricts women in running business in their homes and being hawkers. The inheritance law i.e. land is inherited by men only. . Women generally play multiple roles in the homes and this makes it difficult for their participate in small enterprises 5/16/2021 10

11. Traditional roles of them assuming the entire family responsibility for childcare, responsible for providing food, water, fuel and general maintenance of h 5/16/2021 11

12. Land and property are frequently registered in the names of men. In banks, financial institutions, if women are to borrow money, they are to get clearance from husbands, ye women are better borrowers- particularly in loan repayments. Poor quality products of small-scale enterprises Competition from big companies 5/16/2021 12

13. END 5/16/2021 13