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