BUS 2100 Entrepreneurship and Small Business Management

This course is designed to integrate the core concepts of entrepreneurship with managing a small business. Managing a small business if very different from managing a large one primarily due to the limited resources available to small businesses. These limitations can result in budget constraints, staffing issues, and market boundaries. Small business management requires creativity, innovation, and significant customer, financial, and market insights in order to survive in a volatiles, business environment. This course aims to provide students with the skills, not just to found a small business but also to manage one. It covers starting up a new business, purchasing a franchise and purchasing an existing business. The course also covers the fundamental financial statements, with a particular focus on cash flow management, that a small business owner must understand.