Course

Course Summary

Credit Type:

Course

ACE ID:

MNDE-0010

Organization:

MindEdge Learning

Location:

Online

Length:

52 weeks (33 hours)

Dates Offered:

Credit Recommendation & Competencies

Level	Credits (SH)	Subject
Lower-Division Baccalaureate	3	small business management

Description

Objective:

The course objective is to provide learners with a fundamental understanding of the most critical areas in small business management. Throughout nine segments, learners will explore the varied tasks, such as accounting, budgeting, business law, marketing, project management that small business owners must master to be successful. The self-paced course offers an assortment of interactive
exercises, videos, case studies, and self-assessments that engage students and provide opportunities to practice business management skills

Learning Outcomes:

describe how small business owners and entrepreneurs craft business plans
recognize the role that budgets play in measuring performance against established goals
explain how to analyze a budget using variance analysis
identify and calculate the various categories of financial ratios typically used in small business environments
analyze financial statements and key financial ratios to evaluate strengths, weaknesses and the overall health of a business
summarize the management responsibilities related to employee recruitment and selection, on boarding, training and development, compensation, performance evaluation, and discipline in a small business environment
define a marketing plan, and identify effective marketing and promotional tactics for a small business
explain why project management is important in a small business setting
describe a project plan and identify the stages in the project life cycle
identify and distinguish among the three basic legal structures of business organization
summarize the areas of employment law that are most relevant to small business owners
identify the major areas of federal laws and regulation that apply to businesses
identify various leadership styles, bases, qualities, and skills, and differentiate between various theories of leadership
recognize the importance of ethics in leadership.
identify the advantages and disadvantages of starting a small business