Class 10 IT Unit 4 – Entrepreneurial Skills Notes PDF [ IT code 402 ]

Information Technology Unit 4 – Entrepreneurial Skills NOTES

Here, we have given you the Entrepreneurial Skills Notes PDF. This unit – Entrepreneurial Skills is one of the easiest and scoring chapters of Information Technology Part A.

Entrepreneurial skills are very necessary for all to know as a country develops only when Entrepreneurs rise up and establish their business and project plan. The below notes for Entrepreneurial skills will surely help you a lot to learn more about it.

This chapter is part of Information Technology code 402 part A – Employability Skills. Grab the Free Notes PDF for Class 10 IT unit 4 – Entrepreneurial Skills, Now!


INTRODUCTION –

Entrepreneurship is the type of self-employment where one is running a business to satisfy the needs of people and looking for ways to make the business better to make profits.

Successful entrepreneurs have the following qualities.

• They are confident and believe in themselves and their abilities.

• Entrepreneurs keep trying new ideas in their business.

• They are patient.

• An entrepreneur is creative and thinks differently about business ideas.

• He/She takes responsibility for their actions.

• Entrepreneurs take decisions after thinking about them.

• They work hard.

• Entrepreneurs do not give up when they face a difficulty

Session 1: Entrepreneurship and Society

What do entrepreneurs do when they run their business?

Fulfill Customer Needs

Help Society

Sharing of Wealth

Use Local Materials

Create Jobs

Lower Price of Products

Session 2: Qualities and Functions of an Entrepreneur

Qualities – They are confident, creative, hardworking, patient, and resonsibe.

Functions – Making decisions, Managing the business, Divide the income, Take risks, and Create new method, product or idea.

Session 3: Myths about Entrepreneurship
  1. The misconception is that every business idea needs to be unique or special.

2. The misconception we have is that a person needs a lot of money to start a business.

3. A misconception we have is that only a person having a big business is an entrepreneur.

4. A misconception we have is that entrepreneurs are born, not made.

Session 4: Entrepreneurship as a Career Option

There are two ways a person can earn a living. They are

1. self-employment

2. wage employment

For example, a doctor who works for a hospital is a wage employed person. If the same doctor has their own clinic, he or she is a self-employed person.

A person who becomes an entrepreneur goes through a career process. This process is as follows:

Enter – First the entrepreneur enters in the market.

Survive – He/she faces competition from other entrepreneurs in the same market.

Grow – After the make their startup a bit stable then they look for the ways to expand it.

Entrepreneurial Skills NOTES PDF

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INFORMATION TECHNOLOGY UNIT 2 NOTES – CLICK HERE

INFORMATION TECHNOLOGY UNIT 3 NOTES – CLICK HERE

VIDEO LECTURE FOR UNIT 4 Entrepreneurial Skills –

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