Entrepreneurship – SS3 First Term Lesson Plan (Expanded Version)
**School:** Government Technical College, Minna
**Teacher:** Halimat Hassan
**Subject:** Business Studies – Entrepreneurship
**Class:** SS3 (Senior Secondary 3)
**Scheme Reference:** NERDC Curriculum 2009
**Term:** First Term
Week 1: Introduction to Entrepreneurship
Topic and Subtopics / Explanation:
Entrepreneurship is the act of creating, organizing, and managing a business venture to
meet identified needs and make profit.
It involves bearing risk and innovating new solutions. Entrepreneurs start ventures using
creativity and resources to solve problems.
For instance, someone who sets up a mobile charging station in Nigeria is identifying a need,
investing resources, and offering a service.
Entrepreneurship reduces unemployment and improves living standards in the community.
Learning Objectives:
- Define entrepreneurship, entrepreneur, and enterprise.
- List at least five characteristics of successful entrepreneurs.
- Explain at least three reasons entrepreneurship is important in Nigeria.
- Identify one business opportunity in their local community and explain its need.
Evaluation / Assignment:
- Define entrepreneurship and enterprise.
- Name three characteristics of an entrepreneur.
- Give two benefits of entrepreneurship to Nigeria.
- Describe one business idea and its customers.
Week 2: Functions of an Entrepreneur
Topic and Subtopics / Explanation:
Entrepreneurs plan, organize, decide, take risks, and innovate.
They develop goals, arrange resources, make decisions, and prepare for uncertainty.
In Nigeria, farmers plan their planting schedules and traders manage market risks.
Entrepreneurs also innovate by improving existing products or services.
Learning Objectives:
- Describe the main functions of entrepreneurship: planning, organizing, decision-making,
risk-taking, innovation.
- Provide Nigerian examples for each function.
- Explain how failure in any function can affect a business.
Evaluation / Assignment:
- List five functions of an entrepreneur.
- Explain two functions with examples from your area.
- Describe a small business idea and how it uses planning and innovation.
Week 3: Types of Entrepreneurs and Forms of Business Ownership
Topic and Subtopics / Explanation:
Entrepreneurs can be classified by behaviour (innovator, imitator, Fabian, drone) or by
scale (small-scale, large-scale).
Forms of ownership include sole proprietorship, partnership, and company.
Each form has advantages and disadvantages related to control, capital, and risk.
Learning Objectives:
- Identify and describe behavioural types of entrepreneurs.
- Explain differences between small- and large-scale businesses.
- List and explain forms of business ownership in Nigeria.
- Assess the best form for a community-based business.
Evaluation / Assignment:
- Name and explain four types of entrepreneurs.
- Describe three forms of ownership with advantages and disadvantages.
- Choose a business idea and suggest the best ownership form.
Week 4: Sources of Business Ideas and Opportunity Identification
Topic and Subtopics / Explanation:
Business ideas come from personal skills, community needs, hobbies, market trends, or
technology.
Entrepreneurs must observe their environment, identify gaps, and develop feasible
business ideas.
For example, starting a food kiosk near schools or a laundry service in hostels.
Learning Objectives:
- List sources of business ideas.
- Describe how to identify opportunities in the environment.
- Propose one business idea from each category of source.
Evaluation / Assignment:
- Define opportunity identification.
- Mention four sources of business ideas.
- Identify a business gap and propose a solution.
Week 5: Feasibility Study
Topic and Subtopics / Explanation:
A feasibility study investigates if a business idea is workable.
It includes market, technical, financial, and legal analyses.
For instance, assessing customer demand, required tools, startup cost, and government
registration requirements.
Learning Objectives:
- Define feasibility study.
- List and explain market, technical, financial, and legal feasibility.
- Assess a business idea using the feasibility approach.
Evaluation / Assignment:
- What is feasibility study?
- List three components of a feasibility study.
- Conduct a brief feasibility study for your business idea.
Week 6: Business Plan
Topic and Subtopics / Explanation:
A business plan is a written document describing a business, its goals, and strategies.
It includes an executive summary, business description, marketing plan, operations, and
financial plan.
A good business plan guides actions and attracts investors.
Learning Objectives:
- Define business plan and its importance.
- Identify and explain components of a business plan.
- Draft a simple business plan for a small business idea.
Evaluation / Assignment:
- What is a business plan?
- Mention three components of a business plan.
- Draft a one-page plan for your business idea.
Week 7: Business Environment
Topic and Subtopics / Explanation:
The business environment includes internal and external forces affecting operations.
Internal factors are within the business (staff, capital, tools), while external factors include
political, economic, social, technological, legal, and environmental influences.
Learning Objectives:
- Define business environment.
- Distinguish between internal and external environment.
- List external factors affecting business operations in Nigeria.
- Explain one external factor’s effect on business.
Evaluation / Assignment:
- What is business environment?
- Mention four external factors affecting business.
- Explain how one factor influences a Nigerian business.
Week 8: Business Risks and Risk Management
Topic and Subtopics / Explanation:
Risk is the possibility of loss or uncertainty.
In Nigeria, risks include theft, power failure, and policy change.
Entrepreneurs can manage risks through insurance, diversification, and record keeping.
Learning Objectives:
- Define business risk.
- Differentiate insurable and non-insurable risks with examples.
- Suggest strategies for managing business risk.
Evaluation / Assignment:
- What is a business risk?
- List insurable and non-insurable risks.
- List five possible risks for your business and how to reduce them.
Week 9: Revision of First Term Topics
Topic and Subtopics / Explanation:
Review of all topics: definitions, functions, types, ownership, sources of ideas, feasibility,
plans, environment, risks.
Students revise concepts and practise real-life application to Nigerian business examples.
Learning Objectives:
- Recall and define all major concepts.
- Apply entrepreneurship concepts to local business settings.
- Identify personal strengths and weaknesses and correct them.
Evaluation / Assignment:
- Prepare answers to sample questions.
- Write an essay: ‘How I would use what I learned to start a business.’
Week 10: First Term Examination
Topic and Subtopics / Explanation:
Assessment of all first term work. Questions cover theory and application using Nigerian
examples.
Evaluation includes written exams and self-assessment of understanding.
Learning Objectives:
- Demonstrate complete understanding of first term entrepreneurship topics.
- Apply theory to real-life Nigerian situations.
Evaluation / Assignment:
- Sit for the examination.
- Review results and identify areas for improvement.
