BUS 210 - Entrepreneurial Studies II
Second of two courses designed for those interested in learning how to start and manage a small business. It builds on the preceding course concerning the establishment of the small business and deals with management of the on-going venture. This course takes a functional approach to managing the small business through a discussion of more advanced topics including entrepreneurial characteristics, financial planning and control, business operations, risk management, regulations, business valuation and succession issues, and other current topics. Students will develop a business plan. Three class hours. Course offered during the Spring only during the evening.
Prerequisite: BUS 110 with a grade of C or higher, or permission of the instructor.
Course Learning Outcomes
1. Utilize effective purchasing procedures, inventory control systems and quality control procedures to improve business operations.
2. Create and use performance standards to analyze business operations.
3. Analyze the financial structure of a business and use the tools of tax planning to develop a profitability plan for a business.
4. Analyze the risk position of a business and utilize the various risk management tools to decrease its risk exposure and liability.
5. Develop a business plan for a business venture.