Print Page
Active as of Fall Semester 2012
I. General Information
1. Course Title:
Entrepreneurship
2. Course Prefix & Number:
MGMT 1101
3. Course Credits and Contact Hours:
Credits: 3
Lecture Hours: 3
Lab Hours: 0
Internship Hours: 0
4. Course Description:
This course examines the risks and rewards of entrepreneurship with a study of the challenges and opportunities of managing a small business for profit.
5. Placement Tests Required:
6. Prerequisite Courses:
MGMT 1101 - Entrepreneurship
There are no prerequisites for this course.
9. Co-requisite Courses:
MGMT 1101 - Entrepreneurship
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
Alexandria Technical & Community College, MKTG1501 Entrepreneurship , 3 credits
St. Cloud Technical & Community College, SAMG2285 Entrepreneurship/Small Business Mgmt, 3 credits
3. Prior Learning - the following prior learning methods are acceptable for this course:
- Written
- Oral
- Demonstration
- Portfolio
III. Course Purpose
Program-Applicable Courses – This course fulfills a requirement for the following program(s):
Business Management, AAS Degree
Entrepreneurship, Certificate
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Demonstrate reading and listening skills |
Complete fifteen chapter study guides and quizzes |
Analyze and follow a sequence of operations |
Complete an evaluation of the components of a business plan |
Apply ethical principles in decision-making |
Complete the Entrepreneur’s Ethical Dilemma Challenge project |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Identify successful entrepreneurial opportunities
- Examine entrepreneurial integrity and ethics
- Analyze different types and sources of start-up ideas
- Investigate franchise opportunities
- Evaluate criteria in a sound business plan
- Analyze small business marketing strategies
- Identify factors in choosing a legal form of business organization
- Examine multiple sources of financing a new business
- Understand managing risk through insurance
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
-
The Entrepreneurial Life
- So you want to be an Entrepreneur
- Successful Entrepreneurs
- Entrepreneurial Self-Assessment
-
Entrepreneurial Integrity & Ethics
- Code of Ethics
- Ethical Dilemmas Challenge
- What would you do?
-
Getting Started
- Good Ideas
- Strip it to the core and multiply applications
- Deliberate search outside-in approach
-
Franchising & Buyouts
- Franchise resource information
- Franchise opportunities investigation
- Buying a business for sale
-
The Family Business
- Family dynamics in business
- Couples in business
-
The Business Plan
- What is it? Why write it? What’s in it?
- Sample Business Plans
- Evaluation of a Business Plan
-
The Marketing Plan
- Marketing Strategy
- Marketing Mix
- Your Marketing Strategy and Mix
-
The Operations Plan
- SBDC
- Legal Forms of ownership
-
The Location Plan
- Bricks and Mortar locations
- Home Based locations
- Web locations
-
Forecasting Financial Requirements
- Projecting profitability
- Run the numbers
- Financial Statements
-
Sources of Financing
- Self Financing
- Debt Financing
- Equity Financing
-
Promotional Planning
- Small Business Advertising
- Sales Promotion Tools & Techniques
- Entrepreneur’s Show & Tell
-
Managing Risk
- What are the risks?
- Types of Insurance
- Insurance Seminar
-
Guest Speakers
- Greg Bergman
- Jay Bock
- Mark Loschko
- Jordan Ohotto
- Matt Larson
- Scott Parsons
I. General Information
1. Course Title:
Entrepreneurship
2. Course Prefix & Number:
MGMT 1101
3. Course Credits and Contact Hours:
Credits: 3
Lecture Hours: 3
Lab Hours: 0
Internship Hours: 0
4. Course Description:
This course examines the risks and rewards of entrepreneurship with a study of the challenges and opportunities of managing a small business for profit.
5. Placement Tests Required:
6. Prerequisite Courses:
MGMT 1101 - Entrepreneurship
There are no prerequisites for this course.
9. Co-requisite Courses:
MGMT 1101 - Entrepreneurship
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
Alexandria Technical & Community College, MKTG1501 Entrepreneurship , 3 credits
St. Cloud Technical & Community College, SAMG2285 Entrepreneurship/Small Business Mgmt, 3 credits
3. Prior Learning - the following prior learning methods are acceptable for this course:
- Written
- Oral
- Demonstration
- Portfolio
III. Course Purpose
1. Program-Applicable Courses – This course fulfills a requirement for the following program(s):
Business Management, AAS Degree
Entrepreneurship, Certificate
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Demonstrate reading and listening skills |
Complete fifteen chapter study guides and quizzes |
Analyze and follow a sequence of operations |
Complete an evaluation of the components of a business plan |
Apply ethical principles in decision-making |
Complete the Entrepreneur’s Ethical Dilemma Challenge project |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Identify successful entrepreneurial opportunities
- Examine entrepreneurial integrity and ethics
- Analyze different types and sources of start-up ideas
- Investigate franchise opportunities
- Evaluate criteria in a sound business plan
- Analyze small business marketing strategies
- Identify factors in choosing a legal form of business organization
- Examine multiple sources of financing a new business
- Understand managing risk through insurance
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
-
The Entrepreneurial Life
- So you want to be an Entrepreneur
- Successful Entrepreneurs
- Entrepreneurial Self-Assessment
-
Entrepreneurial Integrity & Ethics
- Code of Ethics
- Ethical Dilemmas Challenge
- What would you do?
-
Getting Started
- Good Ideas
- Strip it to the core and multiply applications
- Deliberate search outside-in approach
-
Franchising & Buyouts
- Franchise resource information
- Franchise opportunities investigation
- Buying a business for sale
-
The Family Business
- Family dynamics in business
- Couples in business
-
The Business Plan
- What is it? Why write it? What’s in it?
- Sample Business Plans
- Evaluation of a Business Plan
-
The Marketing Plan
- Marketing Strategy
- Marketing Mix
- Your Marketing Strategy and Mix
-
The Operations Plan
- SBDC
- Legal Forms of ownership
-
The Location Plan
- Bricks and Mortar locations
- Home Based locations
- Web locations
-
Forecasting Financial Requirements
- Projecting profitability
- Run the numbers
- Financial Statements
-
Sources of Financing
- Self Financing
- Debt Financing
- Equity Financing
-
Promotional Planning
- Small Business Advertising
- Sales Promotion Tools & Techniques
- Entrepreneur’s Show & Tell
-
Managing Risk
- What are the risks?
- Types of Insurance
- Insurance Seminar
-
Guest Speakers
- Greg Bergman
- Jay Bock
- Mark Loschko
- Jordan Ohotto
- Matt Larson
- Scott Parsons