Entrepreneurship, Employability and Trade Management
Entrepreneurship, Employability and Trade Management tests the business side of a construction trade: finding work, pricing it, recording it and dealing with people.
Business basics
- Market survey: demand, competitors, rates and suppliers.
- Business plan: work, location, equipment, labour, finance and break-even.
- Registration: Udyam/MSME; GST if turnover crosses the threshold; labour licence where required.
- Records: measurement book, cash book, invoices and wage register.
Employability
- CV: trade, tools, projects and safety training. In an interview, explain a task, show a sample and ask questions.
- Communication: confirm scope in writing, report delays and handle customer care.
Worked example
A job costs materials ₹40,000 and labour ₹15,000; overheads are 10% of direct cost, profit 15%, GST 18%. Direct = ₹55,000. Overhead = ₹5,500. Subtotal = ₹60,500. Profit = ₹9,075; pre-tax = ₹69,575. GST ≈ ₹12,524; quote ≈ ₹82,099. Reason: profit is calculated before tax; GST is added to the invoice, not treated as profit.
Traps
Quoting without overheads; mixing cash and business money; ignoring GST; relying on verbal contracts; and pricing labour without productivity.