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2. State the type of business–product, service or hybrid. [NCERT]
a. Arun bakery, which makes and sells bread to people.
b. Ram’s repair shop, which repairs motorcycle.
c. Hari’s hair-salon, where he cuts hair for women and men.
#Experiential Learning
Lab Activity
1. Make a presentation on "Important features of a Successful Entrepreneur.”
2. Make a collage on "Entrepreneurs in Education.”
3. Make a list of the types of business around you in your locality.
4. Divide the above list into Service, Product, and Hybrid categories.
5. Make a list of the possible Hybrid businesses available in the Food Industry.
#Collaboration & Teamwork
Class Activity
1. Explore the world of entrepreneurship. [CBSE Handbook]
• Discuss in groups and prepare a chart to explain advantages of entrepreneurship, based on its
characteristics, role and rewards.
• Interact with 5 entrepreneurs in your community OR Read about any 5 successful Indian entrepreneurs
and their success stories.
• From the interviews/stories, identify at least 15 skills and qualities of a successful entrepreneur.
2. Activity-A successful interview. [NCERT]
Procedure:
• Form pairs of students. One student imagines him/herself to be a successful entrepreneur
(maybe 10 years from now).
• The other student will act as an interviewer from a TV channel who will interview this entrepreneur.
• The interviewer asks questions given in the table below and note down the answers.
• One volunteer pair will present their questions and answers to the class.
Questions Your Answer
What business do you do?
Why did you start this business and not take up a job in a company?
How did you come up with the business idea?
Were you successful when you first started?
What did you find most difficult?
How did you overcome this difficulty?
Have you faced any failures? If yes, what?
What advice would you give to others who are trying to start their own business?
Answers
Exercise (Section A)
A. 1. d 2. a 3. b 4. d 5. a 6. c 7. d 8. d
B. 1. business 2. Service 3. wages or salaries 4. feedback 5. first
6. perception 7. risk 8. inspire 9. flexible 10. high, low
C. 1. False 2. False 3. True 4. True 5. True 6. False 7. False 8. False
Entrepreneurial Skills-I 137

