Entrepreneurship

Bookkeeping - Meaning of assets, liabilities and capital

By the end of the lesson, the learner should be able to:

- Define assets, liabilities and capital
- Search for meanings of bookkeeping terms
- Show interest in learning about bookkeeping

In groups, learners are guided to:
- Think about a shop in nearby shopping centre
- Discuss what items are sold and where money came from
- Use digital devices to search for meaning of assets, liabilities, capital
- Present findings to other groups

What are the basic terms used in bookkeeping?

- Mentor Pre-Technical Grade 8, pg. 114
- Digital devices
- Textbooks
- Reference materials
- Internet access

- Observation - Oral questions - Written tests

Entrepreneurship

Bookkeeping - Identifying assets
Bookkeeping - Understanding liabilities and capital
Bookkeeping - Meaning and importance of bookkeeping

By the end of the lesson, the learner should be able to:

- Identify assets in a business
- Explain how assets produce income
- Appreciate the importance of assets

In groups, learners are guided to:
- Study pictures showing various assets
- Identify assets shown in pictures (machinery, stock, vehicles)
- Discuss how each asset is used to produce income
- Share work with other groups

How do assets help a business generate income?

- Mentor Pre-Technical Grade 8, pg. 115
- Pictures of assets
- Charts
- Real business examples
- Digital devices
- Mentor Pre-Technical Grade 8, pg. 116
- Case study materials
- Business scenarios
- Reference books
- Mentor Pre-Technical Grade 8, pg. 117
- Charts showing bookkeeping importance
- Sample business records

- Practical work - Oral questions - Group discussions

Entrepreneurship

Bookkeeping - Bookkeeping equation (Assets = Capital)
Bookkeeping - Bookkeeping equation (Assets = Capital + Liabilities)
Bookkeeping - Expressing scenarios using bookkeeping equation
Bookkeeping - Business transactions (Cash and Credit)
Bookkeeping - Types of business transactions
Bookkeeping - Cost, price, profit and loss

By the end of the lesson, the learner should be able to:

- Understand the basic bookkeeping equation
- Calculate assets and capital
- Apply the equation in business scenarios

- Identify parties in business transactions
- Differentiate between cash and credit transactions
- Appreciate different payment methods

In groups, learners are guided to:
- Learn that assets equal owner's contribution at business start
- Read statement about Anne's salon business
- Calculate value of assets and capital using equation
- Share findings with class
- List three items bought in the past
- Identify buyer and seller in transactions
- Read case study about Gesusu Junior School
- Discuss how headteacher paid for desks
- Explain differences between cash and credit transactions

How do we show the relationship between assets and capital?
What is the difference between cash and credit transactions?

- Mentor Pre-Technical Grade 8, pg. 118
- Calculators
- Practice worksheets
- Business scenarios
- Charts showing equation
- Mentor Pre-Technical Grade 8, pg. 119
- Practice exercises
- Worksheets
- Mentor Pre-Technical Grade 8, pg. 120
- Practice tables
- Mentor Pre-Technical Grade 8, pg. 121
- Case study materials
- Real transaction examples
- Charts
- Reference materials
- Mentor Pre-Technical Grade 8, pg. 122
- School canteen examples
- Transaction scenarios
- Digital devices
- Mentor Pre-Technical Grade 8, pg. 123
- Pictures of business transactions
- Calculators
- Practice scenarios
- Worksheets

- Practical work - Written assignments - Observation
- Observation - Oral questions - Written tests

Entrepreneurship

Bookkeeping - Statement of financial position

By the end of the lesson, the learner should be able to:

- Identify components of statement of financial position
- Explain how to prepare the statement
- Appreciate importance of financial statements

In groups, learners are guided to:
- Discuss what shows financial position of business
- Identify components of statement
- Study example of Brian Mobile Phones
- Learn structure: Assets = Capital + Liabilities
- Discuss how both sides must balance

What is a statement of financial position?

- Mentor Pre-Technical Grade 8, pg. 124
- Sample statements
- Charts
- Business examples
- Reference materials

- Observation - Written tests - Oral questions

Entrepreneurship

Bookkeeping - Preparing statement of financial position
Income and Budgeting - Sources of income for an individual

By the end of the lesson, the learner should be able to:

- Prepare statement of financial position
- List assets and capital with liabilities correctly
- Demonstrate accuracy in preparation

In groups, learners are guided to:
- Study preparation steps from Brian's example
- List assets on left side
- List capital and liabilities on right side
- Ensure both totals are equal
- Complete practice exercise for ABC Groceries
- Submit work for assessment

How do we prepare a statement of financial position?

- Mentor Pre-Technical Grade 8, pg. 125
- Practice exercises
- Calculators
- Blank statement templates
- Business data
- Mentor Pre-Technical Grade 8, pg. 136
- Charts showing income sources
- Digital devices
- Case study materials
- Reference books

- Practical work - Written assignments - Portfolio assessment

Entrepreneurship

Income and Budgeting - Understanding income sources
Income and Budgeting - Importance of budgeting
Income and Budgeting - Benefits of budgeting

By the end of the lesson, the learner should be able to:

- Explain employment income
- Describe business income
- Identify investment income and other sources

- Define budget and budgeting
- Explain importance of budgeting
- Value financial planning

In groups, learners are guided to:
- Study chart showing income sources in detail
- Discuss employment income (salary, wages, allowances)
- Learn about business income (profits from sales)
- Understand investment income (rent, dividends, interest)
- Explore gifts, donations, and government transfers
- Discuss pocket money and spending plans
- Search for meaning of budget and budgeting
- Read conversation between Mrs Bundi and children
- Discuss how much family earns and spends
- Explain importance of budgeting

What are the different categories of income sources?
Why is it important to make a budget?

- Mentor Pre-Technical Grade 8, pg. 137
- Income source charts
- Real-life examples
- Digital resources
- Sample income statements
- Mentor Pre-Technical Grade 8, pg. 138
- Budget examples
- Family scenario materials
- Digital devices
- Reference materials
- Mentor Pre-Technical Grade 8, pg. 139
- Case study materials
- Charts showing benefits
- Real-life examples
- Digital resources

- Written tests - Oral presentations - Group discussions
- Observation - Written assignments - Oral questions

Entrepreneurship

Income and Budgeting - Ways of spending money wisely

By the end of the lesson, the learner should be able to:

- Identify ways to spend money wisely
- Create tips for wise spending
- Demonstrate financial responsibility

- Study poster made by Grade 8 learners
- Discuss tips on spending money wisely
- Discuss other ways of spending money wisely
- Create quotes on spending money wisely
- Display work in classroom for peer review

What are smart ways to spend money?

- Mentor Pre-Technical Grade 8, pg. 140
- Sample posters
- Manila papers
- Markers
- Digital devices
- Display materials

- Practical work - Portfolio assessment - Peer review

Entrepreneurship

Income and Budgeting - Preparing a simple budget
Income and Budgeting - Ethical practices in budgeting

By the end of the lesson, the learner should be able to:

- Prepare a personal budget
- List income and expenses
- Include savings in budget

In groups, learners are guided to:
- Discuss what to consider when preparing budget
- Study Rehema's monthly budget example
- Identify income sources and expenses
- Calculate savings target
- Prepare simple budget for Shs 3,000 shopping money
- Present budget for feedback

How do we prepare a personal budget?

- Mentor Pre-Technical Grade 8, pg. 141
- Sample budgets
- Budget templates
- Calculators
- Practice scenarios
- Mentor Pre-Technical Grade 8, pg. 142
- Case study materials
- Charts
- Digital devices
- Reference materials

- Practical work - Written assignments - Peer assessment

Entrepreneurship

Income and Budgeting - Unethical practices to avoid
Income and Budgeting - Importance of financial planning
Marketing of Goods and Services - Meaning of market and marketing

By the end of the lesson, the learner should be able to:

- Identify unethical practices in budgeting
- Explain consequences of unethical practices
- Demonstrate commitment to ethical behavior

- Define market and marketing
- Differentiate between market and marketing
- Show interest in learning about marketing

In groups, learners are guided to:
- Identify unethical practices from case study
- Learn about budgeting beyond means
- Understand dangers of not sticking to budget
- Discuss budgeting from illegal sources
- Learn about saving before spending
- Discuss scenarios about farmers buying tractors
- Identify who is buying and selling
- Discuss meaning of market
- Explain meaning of marketing
- Present findings to classmates

What unethical practices should we avoid in budgeting?
What is the difference between market and marketing?

- Mentor Pre-Technical Grade 8, pg. 143
- Charts showing practices
- Scenarios
- Discussion materials
- Reference books
- Mentor Pre-Technical Grade 8, pg. 144
- Case study materials
- Financial planning examples
- Digital devices
- Charts
- Mentor Pre-Technical Grade 8, pg. 147
- Scenarios
- Charts
- Digital devices
- Reference materials

- Written tests - Group discussions - Observation
- Observation - Oral questions - Written tests

Entrepreneurship

Marketing of Goods and Services - Understanding marketing process
Marketing of Goods and Services - Importance of marketing

By the end of the lesson, the learner should be able to:

- Explain advertising
- Describe selling process
- Understand product delivery

In groups, learners are guided to:
- Learn marketing includes advertising, selling, delivery
- Discuss advertising through TV, radio, internet
- Understand selling as exchange for money
- Learn about delivery of products to customers
- Study examples of each marketing activity

What activities are involved in marketing?

- Mentor Pre-Technical Grade 8, pg. 148
- Marketing examples
- Pictures of advertisements
- Digital resources
- Sample marketing materials
- Mentor Pre-Technical Grade 8, pg. 149
- Pictures and posters
- Flashcards
- Digital devices

- Written tests - Oral presentations - Group discussions

Entrepreneurship

Marketing of Goods and Services - Sources of market information

By the end of the lesson, the learner should be able to:

- Identify sources of market information
- Explain how to gather market information
- Value research in marketing

In groups, learners are guided to:
- Read newspaper article about Rita's business
- Identify potential customers from article
- Discuss sources of information about market
- Learn about newspapers, magazines, radio, TV
- Understand surveys and social media as sources

Where can businesses find information about their market?

- Mentor Pre-Technical Grade 8, pg. 150
- Newspaper articles
- Digital devices
- Sample surveys
- Social media examples

- Written tests - Practical work - Oral presentations

Entrepreneurship

Marketing of Goods and Services - Analyzing market information sources
Marketing of Goods and Services - Factors in selecting markets
Marketing of Goods and Services - ICT tools for marketing

By the end of the lesson, the learner should be able to:

- Use digital devices to search market information
- Analyze information from customers
- Prepare reports on findings

- Identify ICT applications for marketing
- Explain how each tool is used
- Select appropriate marketing tools

In groups, learners are guided to:
- Search for market information using digital devices
- Observe school bags classmates use
- Identify improvements students want
- Gather information about market for school bags
- Write summary notes on sources
- Search for ICT applications used in marketing
- Learn about Facebook ads and YouTube advertising
- Study LinkedIn and Instagram for marketing
- Understand TikTok marketing
- Discuss choosing tools based on target customers

How can we gather and analyze market information?
What ICT tools can be used to market goods and services?

- Mentor Pre-Technical Grade 8, pg. 151
- Digital devices
- Internet access
- Textbooks
- Sample market research
- Notebooks
- Mentor Pre-Technical Grade 8, pg. 152
- Case study materials
- Charts showing factors
- Business examples
- Mentor Pre-Technical Grade 8, pg. 153
- Digital devices
- Internet access
- Social media examples
- Marketing case studies

- Practical work - Written reports - Observation
- Practical work - Written assignments - Portfolio assessment

Entrepreneurship

Marketing of Goods and Services - Recognizing suitable markets
Distribution of Goods and Services - Meaning and role of intermediaries

By the end of the lesson, the learner should be able to:

- Identify suitable markets for products
- Match products to appropriate markets
- Demonstrate market selection skills

In groups, learners are guided to:
- Analyze different products and their markets
- Discuss suitability of markets for goods
- Match services to appropriate markets
- Present findings on market selection
- Review market selection criteria

How do we identify suitable markets for different products?

- Mentor Pre-Technical Grade 8, pg. 154
- Product samples
- Market analysis charts
- Digital resources
- Case studies
- Mentor Pre-Technical Grade 8, pg. 156
- Pictures of distribution
- Charts
- Product examples
- Digital devices

- Written tests - Oral presentations - Practical work

Entrepreneurship

Distribution of Goods and Services - Roles of wholesalers and retailers
Distribution of Goods and Services - Channels for distributing goods

By the end of the lesson, the learner should be able to:

- Explain roles of wholesalers
- Describe functions of retailers
- Appreciate importance of intermediaries

In groups, learners are guided to:
- Search for information on intermediary roles
- Study sticky notes on wholesaler roles
- Learn wholesalers break bulk and transport goods
- Understand retailers offer easy access to goods
- Discuss how retailers advise wholesalers

What roles do wholesalers and retailers play in distribution?

- Mentor Pre-Technical Grade 8, pg. 157
- Charts showing roles
- Digital devices
- Case study materials
- Reference books
- Mentor Pre-Technical Grade 8, pg. 158
- Distribution charts
- Video clips
- Business examples

- Written tests - Oral presentations - Group discussions

Entrepreneurship

Distribution of Goods and Services - Preparing distribution charts
Distribution of Goods and Services - Case study on distribution
Distribution of Goods and Services - Ethics in distribution
Distribution of Goods and Services - Importance of distribution in community

By the end of the lesson, the learner should be able to:

- Prepare charts showing distribution channels
- Illustrate product distribution
- Demonstrate understanding of channels

- Analyze distribution in case study
- Identify intermediaries used
- Compare different distribution methods

In groups, learners are guided to:
- Read about Chui Cement, Bahati Dairies, Faulu Flour
- Identify distribution channels for each business
- Prepare charts showing channels
- Illustrate how products move to consumers
- Present charts to class
- Read case study about Magadi Soda
- Identify products: soda ash, mineral salts, bottled water
- Analyze channel for each product
- Compare export, wholesale, and retail distribution
- Share findings with classmates

How do different businesses distribute their products?
How do different products use different distribution channels?

- Mentor Pre-Technical Grade 8, pg. 159
- Manila papers
- Markers
- Business case studies
- Chart examples
- Mentor Pre-Technical Grade 8, pg. 160
- Case study materials
- Charts
- Product samples
- Digital resources
- Mentor Pre-Technical Grade 8, pg. 161
- Debate guidelines
- Ethics diagrams
- Case studies
- Reference materials
- Mentor Pre-Technical Grade 8, pg. 162
- Community examples
- Digital devices

- Chart assessment - Practical work - Oral presentations
- Written tests - Case analysis - Oral presentations