BADM 2105 Small Business Management

This course provides a comprehensive overview of managing a small business. The student will explore the critical aspects of small business operations including the role of small businesses in the economy, essential management strategies, entrepreneurship, and business plan development. Key topics include financial statement literacy, capital requirements, marketing strategies, human resource management, and legal considerations. Designed for the student interested in understanding the fundamentals of small business management. This course offers practical insights into running a successful small enterprise. (3 lect.)

Credits

3 credits

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. Analyze the distinctive features of small businesses.

2. Identify the primary reasons for failure and success of small businesses.

3. Compare the different types of entrepreneurship and small business structures.

4. Describe the purpose of financial statements including income statements, balance sheets, and cash flow statements.

5. Assess the impact of social responsibilities on small businesses.

6. Evaluate the importance of tracking finances including accounting options and tools.

7. Discuss the importance of an exit strategy.

8. Examine how innovation and competitive advantage contribute value to small businesses.

9. Develop a basic business plan.