BUSM 2050 - Entrepreneurship and Small Business

Academic Division: Business, Industry and Technology
Academic Discipline: Business Management

Assistant Dean: Brooke Miller, M.B.A.

3 Credit(s)
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. UG

3 Lecture Hour(s);

College Wide 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

Student Learning Outcomes for Course

Outcomes	Assessments – How it is met & When it is met
1. 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]
2. 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]
3. 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]
4. 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]
5. 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]
6. 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]
7. Apply social and ethical issues to small business and their responsibilities to society, environment, and consumer.	Chapter Exams; Class Discussion/Participation [Ch 2,13]
8. 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]
9. Define methods to apply technology to small business.	Chapter Exams; Homework; Participation [Ch 20]

Standard Grading Scale
93-100 A

90 - 92 A-

87- 89 B+

83 - 86 B

80 -82 B-

77- 79 C+

73 - 76 C

70 -72 C-

67- 69 D+

63 - 66 D

60 -62 D-

00- 59 F

Statement on Diversity
North Central State College believes that every student is a valued and equal member of the community.* Every student brings different experiences to the College, and all are important in enriching academic life and developing greater understanding and appreciation of one another. Therefore, NC State College creates an inclusive culture in which students feel comfortable sharing their experiences. Discrimination and prejudice have no place on the campus, and the College takes any complaint in this regard seriously. Students encountering aspects of the instruction that result in barriers to their sense of being included and respected should contact the instructor, assistant dean, or dean without fear of reprisal.

*Inclusive of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status (past, present or future), disability, age (40 years or older), status as a parent during pregnancy and immediately after the birth of a child, status as a parent of a young child, status as a foster parent, genetic information, or sexual orientation,

Standard NCSC Course Policies
Important information regarding College Procedures and Policies can be found on the syllabus supplement located at this link