| 9a. Catalog Description: |
| How to start and manage your own business. This course presents an overview of the process and steps involved in establishing a small business. Topics include entrepreneurial characteristics, success and failure factors, financing, management and business concerns, and developing a checklist for planning a start-up. |
| 9b. Other Catalog information: |
| Credit/No Credit Course |
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| 10. Student Performance Objectives: |
As a result of successful completion of this course, a student will be able to:
1. Identify the personal characteristics required to successfully start and manage a business.
2. Determine your motives and objectives in pursuing self-employment.
3. Determine the amount and source of capital needed to start a new business.
4. Identify the advantages and disadvantages of buying an existing business.
5. Identify the advantages and disadvantages of investing in a franchise.
6. Identify the basic management challenges you will encounter in running a business.
7. Understand the legal, tax, and insurance concerns in operating a business.
8. Develop guidelines for establishing business plans and goals.
9. Understand the use of a checklist in starting your business. |
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| 11. Methods of Evaluating Student Achievement: |
| Objective tests and class assigned projects |
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| 12. Student Assignments (Homework): |
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| a. Required Reading Assignments: |
| 20-30 pages per week (40-60 per module) |
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| b. Required Writing Assignments: |
| Homework based on assigned readings |
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| c. Other (Terms projects, research papers, portfolios, etc.) |
| None |
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| 13. Course Content Outline: |
The substance of this course requires students to analyze, evaluate, investigate, compare and contrast the elements of starting and managing a small business.
I. Introduction
A. Personal characteristics of owners
B. Business success and failure factors
II. Starting a Business
A. Capital requirements
B. Legal forms of ownership
C. Location analysis
III. Buying an Existing Business
IV. Franchising
V. Management Concerns
A. Purchasing, pricing, and selling
B. Employees
C. Record keeping
VI. Business Concerns
A. Laws and regulations
B. Taxes
C. Insurance
VII. Planning and Goal Setting
VIII. Checklist for Starting a Business |
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| 14a. All textbooks, resources and other materials used in this course are: |
| Not primarily college level
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| 14b. EXAMPLE texts, reading and resources:
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Randall Shores. Starting and Managing a Small Business.
Randall Shores, 2003
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