Principles of Entrepreneurship (Level 8)

Duration 12 weeks Full-time x 5 hours per week

Stage Award

NFQ Level Level 8

ECTS Credit 10

The Principles of Entrepreneurship module introduces students to the foundational concepts and practices of starting and managing a new venture. Key topics include opportunity recognition, business planning, market research, financing strategies, and innovation. Students explore the entrepreneurial mindset, learn how to develop viable business models, and understand the challenges and risks associated with entrepreneurship.

Through hands-on projects, case studies, and interaction with entrepreneurs, this module fosters creativity and critical thinking, equipping students with the skills and confidence to launch their own businesses or contribute to entrepreneurial initiatives within established organisations.

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Principles of Entrepreneurship (Level 8)

Indicative Syllabus

Creativity and the Business Idea

The creative process and idea generation techniques
Discovering and creating business opportunities
Protecting intellectual property
Assessing business ideas

Types of Business Organisations

Sole trader
Partnership
Company
Co-operative Society

The Business Plan

Structure of a Business Plan
Industry and Competitor Analysis
Strategic Analysis
Marketing Plan
Financial Plan

Entrepreneurial Skills and Competencies

The Entrepreneurial Mindset
The entrepreneur as leader
Team effectiveness
Conflict management
Pitching a business idea

Business Model Canvas

Concept of the Business Model Canvas
Business Model Canvas Templates
Infrastructure, Offerings, Customers, Finances, Revenue Streams
Uses of the model in various settings

Module Details

Minimum Intended Learning Outcomes (MIMLOS)

On completion of this module learners will have been enabled to:

Research, identify, evaluate and develop creative business ideas;
Assess the commercial viability of a new business, product or service;
Analyse different types of business organisations;
Develop a business plan for a new business, product, or service;
Demonstrate key entrepreneurial skills and competencies.

Assessments / Exams

MIMLOs
Assessment
Percentage

This module will be assessed via 100% Continuous Assessment.

Reassessment Opportunity

Where the combined marks of the assessment and examination do not reach the pass mark the learner will be required to repeat the element of assessment that they failed. Reassessment materials will be published on Moodle after the Examination Board Meeting and will be aligned to the MIMLOs and learners will be capped at 40% unless there are personal mitigating circumstances.

Principles of Entrepreneurship (Level 8)

Expert Faculty

Learn from the best in your industry

Flexible Learning Options

Study your way, on your time

Career Focused Programmes

Programmes with purpose, aimed at your future

Student Support Services

Here for you, every step of the way

Get in touch

If you have any questions specific to this course, you can speak directly with one of our course lecturers. Please get in touch, we’re happy to help!