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Small Business Management

Course Number: BA 250
Transcript Title: Small Business Management
Created: September 1, 2012
Updated: September 25, 2013
Total Credits: 3
Lecture Hours: 30
Lecture / Lab Hours: 0
Lab Hours: 0
Satisfies Cultural Literacy requirement: No
Satisfies General Education requirement: No
Grading options: A-F (default), audit

Prerequisites

WR 115, RD 115, MTH 20 or equivalent placement test scores

Recommended

BA 101

Course Description

Designed for students and prospective small business owners and managers. It emphasizes the general functions, procedures, and specific subject areas related to initiating, organizing, and operating a successful small business. It specifically prepares the student to develop a business plan for opening a business. Recommended: BA 101. Prerequisites: WR 115, RD 115 and MTH 20 or equivalent placement test scores. Audit available.

Intended Outcomes

Upon successful completion of Small Business Management, the student will be able to:

  1. Demonstrate an understanding of the importance of small business in the economy.
  2. Prepare a comprehensive Business Plan.
  3. Analyze a financial statement and plan.
  4. Choose a legal form of business.
  5. Demonstrate an understanding of the tax implications of a small business.

Outcome Assessment Strategies

Students will be expected to demonstrate knowledge of the concepts described in the required competencies by any combination of the following:

  • Participation
  • Case study analysis
  • Individual or group projects
  • Presentations
  • Completion of assessment or certification-style examinations

Course Content (Themes, Concepts, Issues and Skills)

THEMES, CONCEPTS, ISSUES

  • Planning
  • Responsibility and Accountability
  • Critical Thinking
  • Effective Written and Oral Communications
  • Team Work
  • Ethical Conduct

COMPETENCIES AND SKILLS

  • Recognize start-up and buy-out opportunities.
  • Analyze comparative merits of franchising opportunities.
  • Prepare a comprehensive Business Plan.
  • Analyze financial plans and statements.
  • Choose a legal form of business ownership.
  • Evaluate insurance needs, credit policies, and advertising opportunities.
  • Demonstrate an understanding of the tax implications of a small business.

Department Notes

Small Business Management provides the background concepts and practices necessary for a successful owner and/or manager. The student will be made aware of the importance and the functions of such things as: marketing surveys, marketing targets, financing, choosing a form of legal organization, managing the risk involved in operating a small business, and focusing on customers through products, price, promotion, and placement.