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:

9. Co-requisite Courses:

There are no corequisites for this course.

II. Transfer and Articulation

1. Course Equivalency - similar course from other regional institutions:

Hibbing Community College, BUS 1286 Developing and Writing the Business Plan, 2 credits
MN State Community & Technical College, BMGT 1112 Business Plan Development, 2 credits

3. Prior Learning - the following prior learning methods are acceptable for this course:

• Written
• Demonstration

III. Course Purpose

1. Program-Applicable Courses – This course is required for the following program(s):

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:

• 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

Business Plan Outline

1. Cover Page
• Company Name, Logo, Tagline
• Contact Information
• Copy Number, Date Prepared, Disclaimer 
2. Table of Contents
3. Executive Summary
• One to Three Page Overview
• Significant Highlights
4. Industry, Target Customers, and Competitor Analysis
• Key Industry Characteristics
• Customer Segments
• Market Niche Strategy   
5. Company Description
• Nature of the Business
• Company Objectives
• Company History and Current Status
6. Product/Services Plan
• Primary Product Features and Benefits
• Primary Service Features and Benefits 
7. Marketing Plan
• Marketing Strategy
• Customer Selling
• Advertising and Promotion  
8. Operations and Development Plan
• Operating or Manufacturing Methods
• Operating Facilities
• Operating Equipment
9. Management Team
• Owner Resumes
• Directors Listing
• Advisors Listing
10. Critical Risks
• Known Inherent Risks
11. Offering
• Capital Requirements
• Uses of Money 
12. Exit Strategy
• Harvest Plan(s)
• Owners
• Investors
13. Financial Plan
• Projected Financial Statements
• Sources of Financing
• Budgets 
14. Appendix of Supporting Documents