MASTER SYLLABUS

2020-2021

A.	Academic Division: Business, Industry and Technology

B.	Discipline: Business Administration

C.	Course Number and Title: BUSM2050 Entrepreneurship and Small Business

D.	Course Coordinator:

Assistant Dean: Toni Johnson, PhD

Instructor Information:

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E.	Credit Hours: 3

F.	Prerequisites: None

G.	Syllabus Effective Date: Fall, 2020

H.	Textbook(s) Title:

Essentials of Entrepreneurship and Small Business Management

Author: Scarborough, Cornwall

Copyright Year: 2018

Edition: 9th

ISBN: 9780134742403

Workbook(s) and/or Lab Manual: None

J.	Course Description: This course is designed to expand and enhance the student's entrepreneurial knowledge and small-business leadership skills. The “big-picture” view of the role of the entrepreneur in our economic and social environment is explained and discussed in depth. In-class and personalized student exercises and assistance is a component of this class in which numerous challenges of a start-up business are explored. Each student is assigned the task of exploring entrepreneurship and/or small-business as a career choice. The gamut of essential elements of running a small business is covered in this course. Students will gain practice in the art of decision-making under conditions of uncertainty and incomplete data.

K.	College-Wide Learning Outcomes

College-Wide Learning Outcomes	Assessments - - How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking
Information Literacy
Quantitative Literacy

L.	Course Outcomes and Assessment Methods:

Upon successful completion of this course, the student shall:

Outcomes	Assessments – How it is met & When it is met
Describe the importance of small business to the economy and define the nature of entrepreneurship.	Chapter Exams; Homework; Participation; Outside Research (gov’t sources of SBA, SBDC, SCORE, etc.) [Ch 1, 2, 8]
Define methods for seeking entrepreneurial opportunities to include startup, buyout, and franchising.	Chapter Exams; Homework; Participation; Outside Research (gov’t sources of SBA, SBDC, SCORE, etc.) [Ch 3-5, 13]
Develop a business plan for a new business detailing product, market information, organization, finance, advertising, competition, and location.	Chapter Exams; Homework; Participation; Outside Research (gov’t sources of SBA, SBDC, SCORE, etc.); Create Elements of the Comprehensive Business Plan. [Ch 6,7,9]
Define key components in effecting marketing a small business product or service.	Chapter Exams; Homework; Participation; Outside Research (gov’t sources of SBA, SBDC, SCORE, etc.); Create Elements of the Comprehensive Business Plan. [Ch 7, 9,15,16,17]
Define and describe purchasing and inventory concepts as they apply to small business operations.	Chapter Exams; Homework; Participation; Outside Research (gov’t sources of SBA, SBDC, SCORE, etc.); Create Elements of the Comprehensive Business Plan. [Ch 14,20]
Describe financial evaluation, cash flow management, and budgeting for small business.	Chapter Exams; Homework; Participation; Outside Research (gov’t sources of SBA, SBDC, SCORE, etc.); Create Elements of the Comprehensive Business Plan. [22-23]
Apply social and ethical issues to small business and their responsibilities to society, environment, and consumer.	Chapter Exams; Class Discussion/Participation [Ch 2,13]
Define the legal environment effecting small business to include government regulation.	Chapter Exams; Homework; Participation; Outside Research (gov’t sources of SBA, SBDC, SCORE, etc.); Create Elements of the Comprehensive Business Plan. [Ch 2,8]
Define methods to apply technology to small business.	Chapter Exams; Homework; Participation [Ch 20]

M.	Topical Timeline (Subject to Change):

Subject	Time

Entrepreneurs: The Energizers of Small Business	Week #1

The Family Business	Week #2

Small Business: Vital Components of the Economy	Week #2

Creating a New Venture and Preparing a Business Plan	Week #3

Analyzing the Market	Week #3

Franchising or Buying an Existing Business	Week #4

Selecting a Location and Physical Facilities	Week #4

Initial Financial Planning	Week #5

Legal Aspects of the Business	Week #5

Consumer Behavior and Product Strategies	Week #6

Distribution, Pricing, and Credit Policies	Week #7

Personal Selling, Advertising, and Sales Promotion	Week #7

The Process of Management	Week #8

Objectives, Strategy, and Operational Planning	Week #8

Organizing the Small Firm	Week #9

Managing Human Resources in Small Firms	Week #10

Operations Management	Week #10

Purchasing and Managing Inventory	Week #11

Accounting Systems, Financial Analysis, and Budgeting	Week #12

Working-Capital Management and Capital Budgeting	Week #13

Computerizing the Small Business	Week #14

Business Risks and Insurance	Week #14

Governmental Interaction with Small Business	Week #15

Trends and Prospects for Small Business	Week #15

N.	Course Assignments:

In-Class group assignment in product brainstorming

Basic cash flow projection for business-startup

Break-even analysis (computation and graphical model)

Creation of a startup business plan

Text examinations

O.	Recommended Grading Scale:

NUMERIC	GRADE	POINTS	DEFINITION
93–100	A	4.00	Superior
90–92	A-	3.67	Superior
87–89	B+	3.33	Above Average
83–86	B	3.00	Above Average
80–82	B-	2.67	Above Average
77–79	C+	2.33	Average
73–76	C	2.00	Average
70-72	C-	1.67	Below Average
67–69	D+	1.33	Below Average
63-66	D	1.00	Below Average
60-62	D-	0.67	Poor
00-59	F	0.00	Failure

P.	Grading and Testing Guidelines:

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Q.	Examination Policy:

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R.	Class Attendance and Homework Make-Up Policy:

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S.	Classroom Expectations:

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T.	College Procedures/Policies:

Important information regarding College Procedures and Policies can be found on the syllabus supplement located at

http://catalog.ncstatecollege.edu/mime/download.pdf?catoid=5&ftype=2&foid=3