Page 14 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

UNIT 1
MODULE 1: THE ENTREPRENEURIAL MINDSET (cont’d)

(c) Manage financial resources.

(d) Understand financial statements.

(e) Manage people effectively.

(f) Know your strengths and weaknesses.

10. Myths of Entrepreneurship

Including but not limited to:

(a) Entrepreneurship ventures and small businesses are the same thing.

(b) All entrepreneurs are rich.

(c) Entrepreneurs are born not made.

(d) Entrepreneurship is easy.

(e) All you need is money to start.

(f) Successful entrepreneurship needs only a great idea.

(g) Entrepreneurs always generate new ideas.

(h) All you need is luck.

(i) Entrepreneurs are extreme risk takers.

Suggested Teaching and Learning Activities

To facilitate students’ attainment of the objectives in this Module, teachers are encouraged to engage
students in the following teaching and learning activities.

1. Review of media/local environment (for example, trade shows) to identify potential areas of
entrepreneurial opportunities and how this will aid in national development.

2. Role-play of the entrepreneur and the intrapreneur.

3. Debate on the essential characteristics of an entrepreneur.

4. Group presentations and discussions on cultural diversity of entrepreneurship.

5. Invite entrepreneurs to share their experience; and/or use audio visual presentations of
successful and/or unsuccessful entrepreneurs.

CXC A31/U2/13 9 www.cxc.org