Chabot College
Fall, 2002
Course Outline for Business 26
SMALL BUSINESS MANAGEMENT
Catalog Description:
26 - Small Business Management
3 units
Application of management principles to the selection, establishment, and operation
of a small business. Emphasis on the problems encountered by the small
manufacturer or merchant. Strongly recommended: Business 1A or Business 7.
3 hours.
Prerequisites:
None
Expected Outcomes for Students:
Upon completion of this course, the student should be able to:
1.
2.
3.
4.
5.
6.
describe the role of small business in our economic system;
explain advantages and disadvantages of small business ownership;
calculate financial ratios and interpret financial statements;
prepare an operating budget for a business;
develop ability to identify small business management problems and recommend
reasonable solutions;
develop a plan for the establishment of a new small business enterprise.
Course Content:
1.
2.
3.
4.
5.
Definition and role of small business in the economy
a. definition and concepts
b. scope and trend
c. government and small business
d. future for small business
Factors in business failure and success
a. personal qualifications
b. causes of business failure
c. prerequisites for success
d. functions and philosophy of management
Survey of small business opportunities
a. manufacturing
b. wholesale distribution
c. retail distribution
d. service businesses
e. franchises
Selection of business
a. acquisition of established business
b. justification of new enterprise
Preliminary planning
a. organization
b. capital requirements
c. legal considerations
d. location
e. physical facilities
f.
policies
Chabot College
Course Outline for Business 26, Page 2
Small Business Management
Fall 2002
6.
Specific operational planning
a. personnel
b. accounting methods, records and control
c. finance
d. inventory
e. pricing, turnover and profit
f.
sales, sales promotion and advertising
g. credit and collections
7. Considerations for future
a. expansion
b. dissolution
8. Types of ownership
a. sole proprietorship
b. partnerships
c. corporations
9. personnel management
a. recruitment
b. selection
c. training and development
d. compensation and benefits
10. Risk management
11. Marketing strategies
12. The business plan (student project)
Methods of Presentation:
1.
2.
3.
4.
5.
Lectures
Discussion
Case studies
Projects
Video cases
Assignments and Methods of Evaluating Student Progress:
1.
2.
Typical Assignments
a. Projects
b. Case studies
c. Develop a business plan for a small business of your choice
Methods of Evaluating Student Progress
a. Class participation
b. Examinations
c. Final Examination
Textbook(s) Typical:
SMALL BUSINESS MANAGEMENT, Hal B. Pickle, Royce L. Abrahamson, Wiley
Publishers, 2001.
EFFECTIVE SMALL BUSINESS MANAGEMENT, Norman M. Scarborough, Thomas W.
Zimmerer, Merrill Publishers, 2001.
ENTREPRENEURSHIP, STARTING, DEVELOPING, AND MANAGING A NEW
ENTERPRISE, Robert D. Hisrich, Michael P. Peters, Irwin Publishers, 2001
Special Student Materials:
None
mc 11/28/01
COBUS26