{"id":317,"date":"2023-09-25T11:00:39","date_gmt":"2023-09-25T11:00:39","guid":{"rendered":"http:\/\/localhost\/ecole9ja\/?p=317"},"modified":"2023-09-25T11:05:51","modified_gmt":"2023-09-25T11:05:51","slug":"week-3-jss-1-second-term-business-studies-lesson-notes","status":"publish","type":"post","link":"https:\/\/ecolebooks.com\/nigeria\/posts\/week-3-jss-1-second-term-business-studies-lesson-notes\/","title":{"rendered":"Week 3 &#8211; Jss 1 Second Term Business Studies Lesson Notes"},"content":{"rendered":"<p>\u00a0WEEK THREE<br \/>\n<strong>TOPIC: ENTREPRENEURSHIP<br \/>\n<\/strong>Entrepreneurship is the process of identifying developing and bringing a vision to life.<br \/>\nMeaning of Enterprise: is an establishment, a venture, a small scale business set up.<br \/>\nMeaning of Self Employment: is managing and controlling one&#8217;s business i.e. to be self \u2013 reliant. A small business is the seedbed of entrepreneurship.<br \/>\nEntrepreneurship is a self-employed person who puts together all the factors of production to start a new venture. In other words, entrepreneur is a person who organises and manages a commercial undertakings or business undertaking.<br \/>\n<strong>Pros \/ Advantages \/ benefits of Entrepreneurship<br \/>\n<\/strong><\/p>\n<ul>\n<li>You are your own boss\n<\/li>\n<li>You have control over your future\n<\/li>\n<li>There are more opportunities for you to make decisions\n<\/li>\n<li>Financial rewards \u2013 profit, income etc.\n<\/li>\n<li>Job security\n<\/li>\n<li>Self \u2013 satisfaction\n<\/li>\n<li>Recognition\n<\/li>\n<li><strong>Cons \/ Disadvantages \/ drawback of Entrepreneurship <\/strong>Chance of business failure\n<\/li>\n<li>Time \u2013 consuming\n<\/li>\n<li>Income may not be secure or regular\n<\/li>\n<li>Stress\n<\/li>\n<li>Financial risk\n<\/li>\n<li>Sacrifices\n<\/li>\n<\/ul>\n<p><strong>Some world famous enterpreneurs are:<br \/>\n<\/strong><\/p>\n<ul>\n<li>Bill Gate\n<\/li>\n<li>Watt Disney\n<\/li>\n<li>Coco Channel\n<\/li>\n<li>Steve jobs\n<\/li>\n<li>Oprah Winfrey\n<\/li>\n<\/ul>\n<p><strong>Classes of Enterpreneurs<br \/>\n<\/strong><\/p>\n<ul>\n<li>Small scale business\n<\/li>\n<li>Medium scale business\n<\/li>\n<li>Private or self-owned establishment or business\n<\/li>\n<li>Large scale business\n<\/li>\n<\/ul>\n<p>\u00a0<br \/>\n\u00a0<strong>Assignment<br \/>\n<\/strong><\/p>\n<ul>\n<li>What is entrepreneurship?\n<\/li>\n<li>Give five qualities of successful entrepreneur in Nigeria\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0WEEK THREE TOPIC: ENTREPRENEURSHIP Entrepreneurship is the process of identifying developing and bringing a vision&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,62],"tags":[],"class_list":["post-317","post","type-post","status-publish","format-standard","hentry","category-posts","category-second-term-jss1-business-studies"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/comments?post=317"}],"version-history":[{"count":1,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/317\/revisions"}],"predecessor-version":[{"id":318,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/317\/revisions\/318"}],"wp:attachment":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/media?parent=317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/categories?post=317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/tags?post=317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}