Entrepreneurship and New Venture Creation
- Assessing your potential:
- characteristics of successful entrepreneurs
- skills/knowledge required to successfully start-up and manage a new venture
- a self assessment of entrepreneurship potential.
- Evaluation of a business opportunity:
- conducting a feasibility study
- assessing market potential
- assessing financial viability.
- Preparing a business plan:
- the business plan outline
- a detailed description of business plan components
- critiques of existing business plans
- course project: select a proposed business venture and prepare a detailed business plan for class presentation.
- Organizing and purchasing a business:
- forms of business ownership
- legal requirements
- business valuation
- evaluating the purchase of an existing business.
- the franchise agreement
- evaluating a franchise opportunity
- establishing a franchised operation.
- Location analysis/leasing:
- selecting a location
- analyzing a lease agreement
- buy vs lease decision.
- Financing a business:
- sources of funds
- lending criteria
- negotiating a loan.
- Managing a small business:
- Key issues in the areas of
- human resources
- Key issues in the areas of
- getting started
- paying for goods
- Canada Customs
- Free Trade Agreement
- import documents for goods
- valuation: determining value for duty.
- to export or not to export?
- the market study
- making your first country visit
- exporting entry strategies
- promoting goods abroad
- export financing
- shipping goods: choosing the right transport mode.
- The Export Process:
- five stages of exporting
- export research planning
- initial sales
- investment abroad
- Quotation and Order Processing:
- order processing
- offers and counteroffers
- Arranging for Payment:
- Preparing Goods for Shipment:
- Cases studies
- Guest speakers
- Field trips
|Group project and presentation||15%|
|Business plan and presentation||30%|
At the end of the course, the successful student should be able to:
- assess his/her potential for an entrepreneurial career;
- describe the attributes, skills and knowledge required to successfully start-up and manage a new venture;
- evaluate a business opportunity by conducting a feasibility study;
- prepare a detailed business plan;
- describe and evaluate the legal forms of business ownership; and select the most appropriate form of business ownership in a given scenario;
- list and explain the primary factors to evaluate when considering the purchase of an existing business; explain and apply business valuation methods;
- define franchising; including explaining
- the critical provisions of a franchise agreement,
- the important factors to consider when evaluating a franchise opportunity, and
- the key steps to establishing a franchise operation;
- describe the key factors to evaluate when selecting a business location;
- identify and analyze the critical provisions in a lease agreement;
- describe and apply effective practices related to small business management;
- list and explain important practical guidelines related to importing and exporting.
Textbooks and Materials to be Purchased by Students
Forsythe, George R., Joan Mount and J. Terence Zinger. Entrepreneurship and Small Business Development, Latest Ed., Prentice Hall.
FITT Skills 1: Global Entrepreneurship, Latest Ed. Ottawa: The Forum for International Trade Training (FITT).
Selected readings and handouts related to importing/exporting.
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.
These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca
|Institution||Transfer Details for BUSN 3404|
|There are no applicable transfer credits for this course.|