BADM 2105 Small Business Management
This course will cover the essentials of management for a business with one to fifty employees and will address critical small business issues. Topics include the impact of small business on our economy, essential small business management strategies, entrepreneurship, the business plan, financial statement literacy and capital requirements, marketing strategies, human resources, and legal issues. (3 lect.)
Major Topics
- The Role Of Small Business
- Small Business Management Strategies
- Entrepreneurship
- Marketing Strategies
- Business Ethics
- Human Resources
- Financial Considerations
- Legal Issues
Outcomes
In order to successfully complete this course, the student will:
1. Examine the distinctive features of small businesses.
2. Explain the primary reasons for failure and success of small businesses.
3. Investigate the different types of entrepreneurship and small-business structures.
4. Describe the purpose of financial statements including the working capital cycle, income statements, balance sheets, and cash flow statements.
5. Illustrate the impact of social responsibilities on small businesses.
6. Articulate the importance of tracking finances including accounting options and tools.
7. Explain the importance of an exit strategy.
8. Examine how innovation and competitive advantage contribute value to small businesses.
9. Prepare a basic business plan.