CBSE Class 10 · Artificial Intelligence · board exam 2027
Chapter 4: Entrepreneurial Skills-II — notes
The chapter’s 6 parts in the book’s order — the first idea of each and the points Medha Ma’am writes on the board — and the summary at the end. The full lesson and a check question for each part are in the app.
1. Entrepreneurship and Society: How Entrepreneurs Help Others
Okay, so you already know there are two ways to earn a living.
- • Wage employment: work for someone, get paid
- • Self-employment: start a business to satisfy needs
- • Entrepreneur: self-employed, takes risks, tries new ideas
- • Ramu: sits and sells only -> businessman
- • Ramya: grows business, adds new idea -> entrepreneur
- • Entrepreneurs: fulfil needs, use local material, help society, create jobs, share wealth, lower prices
2. Qualities of an Entrepreneur
Okay, so — entrepreneurs don't just run a business, they think and act in a certain way.
- • Quality = way a person acts or behaves
- • Confident, keeps trying new ideas, patient
- • Creative, takes responsibility, thinks before deciding
- • Works hard, does not give up
- • Zafar: mistake -> takes responsibility, works to fix it
- • Employees can also show entrepreneurial qualities
3. Functions of an Entrepreneur
Okay, so besides having good qualities, an entrepreneur also does certain jobs every day.
- • Function = work that an entrepreneur does
- • 1. Making decisions - what, how much, where to sell
- • 2. Managing the business - plan, hire, check
- • 3. Divide income - material, rent, salaries
- • 4. Taking risk - chance of something going wrong
- • 5. Create new method, idea or product
4. Myth 1 and Myth 2: Unique Ideas and Big Capital
Okay, so let's bust two common myths about starting a business.
- • Myth = misconception = false belief
- • Myth 1: Every idea must be unique - FALSE
- • Ganesh: car rental + luxury cars (BMW, Mercedes) -> 200 cars
- • Myth 2: Need a lot of money to start - FALSE
- • Capital = money used to start a business
- • Start with what you have, grow with profits
5. Myth 3 and Myth 4: Big Business and Born Entrepreneurs
Okay, so let's look at the third misconception now.
- • Myth 3: Only big business owners are entrepreneurs - FALSE
- • Sheila: small taxi, added newspaper, TV, hospital numbers
- • No business is big or small; most start small
- • Myth 4: Entrepreneurs are born, not made - FALSE
- • Entrepreneur = does whatever it takes to succeed
- • Being entrepreneurial starts with a way of thinking
6. Entrepreneurship as a Career Option
Okay, so — let's talk about career options.
- • Career = line of work a person takes for life
- • Two ways: self-employment, wage employment
- • Entrepreneur career process: ENTER -> SURVIVE -> GROW
- • Enter: starting to do business in market
- • Survive: staying strong against competition
- • Grow: expanding once business is stable (Sanjana: 1 store -> survives -> 4 more stores)
Summary
Okay, so let's go back over everything we covered today. We started with who an entrepreneur is — a self-employed person, who takes risks, and tries new ideas to satisfy what customers need. And in doing that, they help society too — by creating jobs, sharing wealth, and lowering prices. Then we looked at the qualities that make entrepreneurs successful. Think about it — confidence, patience, creativity, hard work, and taking responsibility. After that, we listed the functions they perform every day — making decisions, managing the business, dividing income, taking risk, and creating new ideas. Next, we broke four misconceptions. One, that an idea must be unique. Two, that you need a lot of capital. Three, that only big businesses count. And four, that entrepreneurs are born, not made. Finally, we saw entrepreneurship as a career option, through three stages — Enter, Survive, and Grow — just like we saw with Sanjana's grocery store. So, tell me — which of these stages do you think is the hardest for a new business?
AskMedha · Medha Ma’am — CBSE Class 10 Artificial Intelligence, Chapter 4. Written from the textbook, checked twice.
Questions parents and students ask
- How do I get the "Entrepreneurial Skills-II" notes as a PDF?
- Press "Save as PDF" — the phone’s print sheet opens; choose "Save as PDF" there. The PDF holds the notes only.
- Where are these notes written from?
- From the chapter’s own textbook text, part by part, in the book’s own terms; a second, independent model then checked every part against the book. The full lesson, a check question for each part and the practice are in the AskMedha app.
The same preparation, with Medha Ma’am — on your phone
Every question of every chapter with its model answer, practice questions in the board’s own shapes, 60 minutes of class a day, written answers marked, a test every Sunday and a WhatsApp report to parents.
Medha Ma’am is an AI teacher, not a live tutor. Every answer is checked twice; a person takes responsibility.