Description:

Deals with organizing and operating a small business. Topics include development of a business plan, failure factors in small business, source of capital, record keeping, financial statements, taxation, marketing, legal and regulatory issues and management principles. Prerequisite: Completion of 30 business credits or equivalent business experience recommended.

Outcomes:

After completing this class, students should be able to:

• Develop and implement a business plan
• Analyze and evaluate various sources of funding
• Design a marketing plan that specifically evaluates customer needs
• Articulate why business fail
• Assess the contributions of small business to our economy.
• Judge the advantages of operating a small business
• Explain how the Small Business Administration helps small businesses
• Appraise different franchising options
• Demonstrate mastery of Risk Management tools