I. General Information
1. Course Title:
Entrepreneurship Capstone
2. Course Prefix & Number:
MGMT 1150
3. Course Credits and Contact Hours:
Credits: 1
Lecture Hours: 0
Lab Hours: 2
4. Course Description:
This course centers on the business planning process – opportunity recognition and business concept development. The Business Plan for a new/existing venture includes four major sections. Management and Organization Plan, Product/Service Plan, Marketing Plan, and Financial Plan. Students gain the knowledge, skills, concepts, and strategies relevant for start-up and early-stage entrepreneurs. The practical, hands-on approach encourages students to immerse themselves in the vision, research, and planning aspects of a new/existing venture. Students collaborate with Small Business Development consultants to produce a business plan.
5. Placement Tests Required:
6. Prerequisite Courses:
MGMT 1150 - Entrepreneurship Capstone
All Credit(s) from the following...
9. Co-requisite Courses:
MGMT 1150 - Entrepreneurship Capstone
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
Name of Institution |
Course Number and Title |
Credits |
Hibbing Community College |
BUS 1286 Developing and Writing the Business Plan |
2 |
MN State Community & Technical College |
BMGT 1112 Business Plan Development |
2 |
3. Prior Learning - the following prior learning methods are acceptable for this course:
III. Course Purpose
Program-Applicable Courses – This course is required for the following program(s):
Name of Program(s)
|
Program Type
|
Entrepreneurship
|
Certificate
|
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Demonstrate written communication skills |
create a business plan document |
Utilize appropriate technology |
utilize current computer software |
Work as a team member to achieve shared goals |
collaborate with Small Business Development Center consultants |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
Expected Outcome
|
MnTC Goal Area
|
Explore available avenues to gather proper information
|
|
Identify the information that needs to be researched
|
|
Secure necessary information for a business plan
|
|
Document the information included in the business plan
|
|
Demonstrate understanding of information included in the business plan financial section
|
|
Demonstrate understanding of key terminology
|
|
Project revenue and expenses
|
|
Demonstrate understanding of how financial statements can answer lender’s questions
|
|
Complete the business plan financial section
|
|
V. Topical Outline
Listed below are major areas of content typically covered in this course.
2. Laboratory/Studio Sessions
- Components of a Business Plan
- Who is Your Customer?
- Who is Your Competition?
- Financial Research
- Reaching Your Customer
- Developing the Product/Service Delivery Model
- Choosing Organizational Structure
- Budgeting and Forecasting
- Business Plan Financials
I. General Information
1. Course Title:
Entrepreneurship Capstone
2. Course Prefix & Number:
MGMT 1150
3. Course Credits and Contact Hours:
Credits: 1
Lecture Hours: 0
Lab Hours: 2
4. Course Description:
This course centers on the business planning process – opportunity recognition and business concept development. The Business Plan for a new/existing venture includes four major sections. Management and Organization Plan, Product/Service Plan, Marketing Plan, and Financial Plan. Students gain the knowledge, skills, concepts, and strategies relevant for start-up and early-stage entrepreneurs. The practical, hands-on approach encourages students to immerse themselves in the vision, research, and planning aspects of a new/existing venture. Students collaborate with Small Business Development consultants to produce a business plan.
5. Placement Tests Required:
6. Prerequisite Courses:
MGMT 1150 - Entrepreneurship Capstone
All Credit(s) from the following...
9. Co-requisite Courses:
MGMT 1150 - Entrepreneurship Capstone
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
Name of Institution |
Course Number and Title |
Credits |
Hibbing Community College |
BUS 1286 Developing and Writing the Business Plan |
2 |
MN State Community & Technical College |
BMGT 1112 Business Plan Development |
2 |
3. Prior Learning - the following prior learning methods are acceptable for this course:
III. Course Purpose
1. Program-Applicable Courses – This course is required for the following program(s):
Name of Program(s)
|
Program Type
|
Entrepreneurship
|
Certificate
|
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Demonstrate written communication skills |
create a business plan document |
Utilize appropriate technology |
utilize current computer software |
Work as a team member to achieve shared goals |
collaborate with Small Business Development Center consultants |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
Expected Outcome
|
MnTC Goal Area
|
Explore available avenues to gather proper information
|
|
Identify the information that needs to be researched
|
|
Secure necessary information for a business plan
|
|
Document the information included in the business plan
|
|
Demonstrate understanding of information included in the business plan financial section
|
|
Demonstrate understanding of key terminology
|
|
Project revenue and expenses
|
|
Demonstrate understanding of how financial statements can answer lender’s questions
|
|
Complete the business plan financial section
|
|
V. Topical Outline
Listed below are major areas of content typically covered in this course.
2. Laboratory/Studio Sessions
- Components of a Business Plan
- Who is Your Customer?
- Who is Your Competition?
- Financial Research
- Reaching Your Customer
- Developing the Product/Service Delivery Model
- Choosing Organizational Structure
- Budgeting and Forecasting
- Business Plan Financials