Small Business Management

Course Number: BA 250
Transcript Title: Small Business Management
Created: September 1, 2012
Updated: August 26, 2019
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), P-NP, audit
Repeats available for credit: 0

Prerequisites

Recommended

Course Description

Emphasizes the general functions, procedures, and specific subject areas related to initiating, organizing, and operating a successful small business. Specifically prepares the student to develop a business plan for opening a business. Designed for students and prospective small business owners and managers. Recommended: BA 212. Prerequisites: WR 121, BA 101, BA 104, and BA 211. Audit Available.

Intended Outcomes

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

  1. Understand the importance of small business in the economy.
  2. Prepare a comprehensive Business Plan.
  3. Apply analytical skills in reviewing financial statements and plans.
  4. Choose an appropriate legal form of business.
  5. Assess the tax implications of a small business.

Outcome Assessment Strategies

Of the outcome assessment strategies listed below, students will be expected to demonstrate knowledge of the concepts described by submitting a quality comprehensive Business Plan and at least two of the other following measures:

  • Attendance and participation
  • Group projects
  • Business Model or Business Game
  • Presentation(s)
  • Practice Set(s)
  • Case Study (ies)
  • Portfolio(s)
  • Research paper(s)
  • Book report(s)
  • Homework assignment(s)
  • Written paper
  • Quiz (zes)
  • Exam(s)

Course Activities and Design

The determination of teaching strategies used in the delivery of outcomes is generally left to the discretion of the instructor. Here are some strategies that you might consider when designing your course: lecture, small group/forum discussion, flipped classroom, dyads, oral presentation, role play, simulation scenarios, group projects, service learning projects, hands-on lab, peer review/workshops, cooperative learning (jigsaw, fishbowl), inquiry based instruction, differentiated instruction (learning centers), graphic organizers, etc.

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
  • Marketing

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.
  • Recognize the role of marketing in organizations.