ENTR-220 Financial Management for Small Business

Credits 2 / 2 Contact Hours
Pre-requisite: Placement into ENGL-100 (ACSR-100), completion of ELAP-120 with a 2.0, or completion of RDNG-030, ACLT-075 or ACLT-076.
Upon successful completion of this source the student should be able to identify and evaluate the various sources available for funding a small business; demonstrate an understanding of financial terminology; read prepare and analyze a financial statement: and write a loan proposal. In addition the student should also be able to identify financing needs establish credit policies and prepare relevant decision analysis and sales forecasts.

Course Outcomes
1. Explain the essentials of a contract and determine the contracts necessary for the student’s business venture 2. Evaluate the legal forms of organization and determine which is best for the student’s business venture 3. Describe the nature of a business owner’s liability and assess the potential liabilities for the student’s business venture 4. Explain the duties and responsibilities of an agency relationship 5. Describe the legal ways to protect the proprietary aspects of a business and analyze which apply to the student’s business venture 6. Identify resources for zoning, licensing and regulatory information that apply to the student’s business venture 7. Explain the law as it relates to human resource management in a small business and particularly in the student’s planned venture 8. Explain the different types of bankruptcies 9. Identify political issues affecting business ownership.

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