|
Standard |
Format
Updated:
Provides an overview of the activities that are involved in planning,
establishing, and managing a small business enterprise. Topics include: planning, location
analysis, financing, and development of a business plan.
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Competency Areas |
Hours
|
|
|
Planning |
Class |
6 |
|
Location
Analysis |
D. Lab |
4 |
|
Financing |
P.
Lab/O.B.I. |
0 |
|
Development
of a Business Plan |
Credit |
8 |
|
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|
|
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Prerequisite: |
Program
admission level math achievement |
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Corequisite: |
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|
Course Guide |
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Competency |
After completing this section,
the student will: |
Hours |
||
|
Class |
D.Lab
|
P.Lab/ O.B.I. |
||
|
PLANNING |
20 |
0
|
0 |
|
|
Characteristics |
Identify
characteristics of a successful entrepreneur in American society. |
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Analyze
the characteristics common to successful entrepreneurs. |
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Self
appraisal |
Compare a
self appraisal to the list of entrepreneurial characteristics. |
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Resources |
Identify
the reasons for planning in entrepreneurial endeavors (i.e., economic impact
of small business). |
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|
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|
Identify
community resources for starting a business. |
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Laws |
Explain
relevant government regulations (local, state, federal) relating to the
operation of a business. |
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Trends |
Identify
current business trends. |
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Types of
business ownership |
Identify
the common types of business ownership. |
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Contrast
the advantages and disadvantages of each type of business ownership. |
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LOCATION ANALYSIS
|
10 |
10
|
0 |
|
|
Definitions |
Define
location analysis. |
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|
|
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Considerations |
Explain
the importance of location. |
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|
|
|
|
List
considerations in choosing a community and specific business location. |
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Discuss
the advantages and disadvantages of buying or renting a particular building. |
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Site
selection |
Analyze
business locations using the criteria for site selection (i.e., a current
business, a competitor) for inclusion in a business plan. |
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Trends |
Identify
trends in business site location. |
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Design
factors |
Identify
the factors important to the interior and exterior of the business. |
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Explain
the impact of design factors on business image and enhanced success. |
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FINANCING |
15 |
5
|
0 |
|
|
Sources
of capital |
List
sources of capital used by entrepreneurs. |
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|
|
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Financial
reports |
Interpret
a financial report. |
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|
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Definitions |
Define
terms associated with financial reports and inventory control systems. |
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|
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Budgeting |
Explain
the importance of budgeting and maintaining a positive cash flow. |
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|
|
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Financial
forms |
Collect
financial forms needed for a business. |
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|
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|
15 |
25
|
0 |
||
|
Identify
the components of a business plan. |
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Purpose |
Explain
how a well-prepared business plan helps the entrepreneur. |
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Business
plan compilation |
Compile a
business plan worksheet. |
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Compare
business plan formats. |
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Gather
the information needed to complete a business plan. |
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|
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Create a
business plan. |
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Presentation |
Present
the business plan. |
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Suggested Resources |
Albanese, R. (1988). Management.
Aldag, R. J., & Sterns, T. M. (1990). Management (2nd ed.).
DuBrin, A. J., &
Hailes, W. D., & Hubbard, R. T. (1988). Small business management (4th
ed.).
Kuriloff, A. H., & Hemphill, J. M. (1988). Starting and managing the small
business (2nd ed.).
Longenecker, J. G., & Moore, C. W. (1991). Small business management
(8th ed.).
Morgenstein, M., & Strongin, H.
(1987). Modern
retailing: Management principles and practices (2nd ed.).
Steinhoff, D., & Burgess, J. F. (1989). Small business management
fundamentals (5th ed.).
Audiovisuals
Franchising:
How to be in business for yourself, not by yourself [Videotape]. (1988). Auteur Productions.
How to really start your own business
[Videocassette]. (1987).
Karl-Lorimar Home Video.
In search of
excellence [Videocassette]. (1986). Nathan/Tyler Productions.
Journals
Black
Entrepreneur
INC.
Journal of Small Business
Management
Wall Street Journal