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Small Business Management

Faculty
Commerce & Business Administration
Department
Business
Course Code
BUSN 1111
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Typically Offered
To be determined

Overview

Course Description
This course provides students in the Habitat Restoration Program with an introduction to the theoretical and practical aspects of the start-up and management of a new venture. Topics include: Business plan development, financing a business, marketing, financial management and systems, personnel management, customer relations, leadership, and communications. Emphasis will be placed on the start-up of a small business consulting practice.
Course Content

1.             The Small Business Decision

                •  personal capabilities evaluation

 

2.       Evaluation of Business Opportunity

                •  non-quantitative assessment

                •  steps in quantitative assessment

                •  feasibility analysis

 

3.       Organizing a Business

                •  business plan components

                •  forms of business ownership/legal requirements

                •  small business plan checklist

 

4.       Financing the Small Business

                •  equity and debt financing

                •  government programs

 

5.       Marketing Management

                •  marketing plan

                •  marketing checklist

 

6.       Financial Management

                •  fundamentals of small business accounting

                •  budgets

                •  financial planning and operations control

 

7.             Personnel Management

                •  best practices in personnel management

Methods Of Instruction

Lectures, seminar discussions, case study analysis, role playing and business plan project.

Means of Assessment

Midterm Examination                                                               20%

Group Project                                                                               15%

Business Plan (10% before midterm)                                       30%

Final Examination                                                                      25%

Participation                                                                                 10%

 

                                                                                                     100%

Learning Outcomes

At the end of this course, the successful student should be able to:

 

1.       develop preliminary pro-forma financial statements using computerized spreadsheets;

2.       determine market potential for a consulting business;

3.       develop a business plan;

4.       describe the legal requirements to start a small business;

5.       identify sources of financing.

6.       develop a marketing plan;

7.       develop a promotional campaign;

8.       develop a budget;

9.       describe the elements of systems relating to accounting, payroll, inventory control and cash handling;

10.    demonstrate an understanding of financial control techniques;

11.    describe and demonstrate the methods of hiring and training of employees;

12.    describe and illustrate principles of effective personnel management relative to leadership styles;

Textbook Materials

Textbooks and Materials to be Purchased by Students

Balderson, Wesley D.  Canadian Small Business Management, Latest Ed.  Irwin.

Requisites

Prerequisites

No prerequisite courses.

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Requisite for

This course is not required for any other course.

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
Langara College (LANG) LANG BUSM 1115 (3) 2004/09/01 to 2013/08/31

Course Offerings

Winter 2021

There aren't any scheduled upcoming offerings for this course.