BUS305 Entrepreneurship/Small Business Management Instructors: Tamiko Cuellar and Kelvin Shema (primary), Andrew Sears (secondary) Email: tcuellar@cityvision.edu and kshema@cityvision.edu Phone: Course Description Degree Program Outcomes At the conclusion of this degree program, the student will able to: 1. Demonstrate the ability to understand and apply traditional theories and concepts of business management and the ability to do this an in depth in one area of specialty: nonprofit management, accounting, technology or general management. 2. Understand their vocation in business and their unique identity and role within their field in a way that maximizes their calling and enables 24/7 Christian ministry. 3. To be able to develop and grow businesses and nonprofit organizations in a way that is socially responsible and that reflects God’s love and purposes for the world. 4. Communicate effectively and professionally in business situations through physical or virtual presence, writing, speaking, listening, and electronic media. 5. Interpret and analyze accounting information for internal control, planning, performance evaluation, and coordination to continuously improve business processes. 6. Integrate and apply Biblical, ethical, legal, economic and business principles into effective managerial decision-making. 7. Demonstrate the ability to understand and apply traditional theories and concepts of a Christian liberal arts education, equipping students with the knowledge and skills to facilitate intellectual, spiritual, and personal growth, pursue their advanced studies, and improve the world in which they live. BUS305 helps students learn the entrepreneurship and small business management in order to meet program outcome 1, 4, and 5 above. Course Objectives After completing this course, students will be able to: 1. Develop and explain advanced entrepreneurial strategies. 2. Prepare a business plan. 3. Explain and apply the product development process in a small business contexts. 4. Explain the current and apply strategies for small business finance. 5. Explain current issues relating to entrepreneurial management skills. 6. Explain current issues relating to entrepreneurial marketing. Required Texts and Online Resources Media, T. S. of E. (2015). Start Your Own Business, Sixth Edition: The Only Startup Book You’ll Ever Need (Sixth Edition). Irvine, California: Entrepreneur Press. 766 pages. ISBN: 978-1-59918-556-9. HP Life: https://e-learning.life-global.org/ Select Portions of Free Online Texts o Principles of Management. Saylor Academy. 2013 o Organizational Behavior. Saylor Academy. 2013 o Principles of Marketing. Saylor Academy. 2013 o Boundless Books: Marketing, Business, Accounting, and Management Other Recommended Texts Zimmerer, Thomas W. and Scarborough, Norman M. Essentials of Entrepreneurship and Small Business Management. Prentice Hall Entrepreneurship: Starting and Operating a Small Business ; Mariotti/ Glackin, 3rd Edition; Prentice Hall Barringer, Bruce R.. Oklahoma State University: Pearson, Preparing Effective Business Plans An Entrepreneurial Approach, Second Edition 2015. Gerard Tellis J.. Unrelenting Innovation: how to create a Culture for Market Dominance. (2013) Course Outline Week Assessments 1 Introduction to Entrepreneurship 10 -- Forum Assignment: Introduction and Reflection on Entrepreneurship 2 3% Business Plan Overview and Introduction 10 - Business Plan Assignment 5 4% Marketing Plan Part 1: Research, Products and Customers 8 -- HP Life Assignments. Unique value proposition. Your target audience. 2 4% Business Plan Assignment Week 3 5 4% Marketing Plan Part 2: Competition, Strategy and Pricing 8 -- HP Life Assignments. Strategic Planning. Setting Prices. 2 3% Business Plan Assignment Week 4 5 4% Marketing Plan Part 3. Marketing Strategy and Sales Forecast 8 -- Business Plan Assignment Week 5 5 4% HP Life Course: Managing contact information, Customer relationship management 2 3% Week 6 Operations, Staffing and Management 8 -- Business Plan Assignment Week 6 5 4% HP Life Assignments. Maximizing Capacity. Managing Contact Information, Customer Relationship Management. Hiring Staff. Inventory Management. IT for Business Success. 5 6% Week 7. Financial, Executive Summary, First Complete Draft & Peer Review 8 -- 2 3 4 5 6 7 Due Date Est hrs Total Grade % Objective #’s 8 HP Life Course: Basics of Finance. Profit and Loss. Finding Funding. Cash Flow. 4 4% Business Plan Assignment: Completed Rough Draft and Self-Scoring 13 17% Week 8. Business Plan 20 40% Overall Grading Summary HP Life Assignments Weekly Business Plan Assignments & Forums Rough Draft Business Plan Final Draft Business Plan 135 100% 20% of total grade 27% of total grade 17% of total grade 40% of total grade Forum Expectations We expect that students will spend an estimated one-two hours to post one initial message, one hour to read posts from 5+ students (presumes that a student doesn't read every post), and an estimated 1 hour to post two reply messages. Forum grading will be based on the following items: Forum posts should be 200-400 words although these are not strict limits. Students must demonstrate comprehension of the material and achievement of the related learning objectives related to that forum. Be sure to read the learning objectives. Students should demonstrate critical thinking and use outside material researched beyond the assigned readings. The goal of course forums is to have scholarly dialog among peers combining both the strengths of inperson class discussion and providing concise, professional quality writing (similar to a well thought-out academic or scholarly blog) and responding in a way that adds value to others writings Students are not required to use APA format for references in forum posts, but instead students are encouraged to hyperlink relevant information when possible. Grading rubric: forums use the same high level grading rubric as for the final project including o Content Knowledge (25%) o Critical Thinking (25%). Note that critical thinking is very different from criticism. o Communication (25%) o Application (25%) Written Work Writing should be for a business audience. Use the Business Plan Template for formatting. Please correct spelling and grammatical errors before submitting all assignments. Spelling, grammar, and writing style will be taken into consideration in evaluating written work. Assignments should be submitted to the Course Dropbox within Moodle. Every assignment should carry a filename that MUST include your name (Student Name) and the assignment number, e.g. Jan_Smith_Minor1.doc Written work must be reflective, balanced, scholarly analysis and be well-supported by references. Deep familiarity with the biblical text will be appreciated as will the ability to showcase extensive theological reading and reflection and to critically examine an issue from many points of view. Very informal or highly opinionated writing styles will be severely penalized. Do not preach. Late Policy Coursework is scheduled over a seven-day week to provide structure for students residing on six continents. The weekly schedule begins on Monday at 12:01AM US ET (USA Eastern Time), and ends on Sunday at 11:59PM US ET. ● Assignments submitted more than 1 week late (after the following Sunday) will lose 1 letter grade (i.e. "A" becomes a "B") ● ● ● ● Assignments submitted more than 2 weeks late will lose 2 letter grades (i.e. "A" becomes a "C") All assignments and quizzes must be submitted by the week after the term ends or they will receive a failing grade Extensions: professors may grant an extension if the student has a prolonged sickness or major family crisis. The length of the extension is up to the professor’s discretion. Applications for an extension should be sent to the professor at least 2 or more days before the due actual date. Extensions must be after a course ends submitted via the online extension request form. If an extension is granted, no other courses may be taken until that course is completed. Week Eight is the last class session with assignments posted. All course work must be completed by the student and submitted to the instructor by Friday of the tenth week of the course. No credit will be given for work submitted after this date. This syllabus is subject to change without notice up until the first day of the semester. For more academic policies, please visit: http://www.cityvision.edu/cms/cv/academic-policies Course Materials Week 1 Entrepreneurs recognize opportunity and the business plan HP Life Course: Unique value proposition Week 2 Creating business from opportunity, Exploring your market HP Life Course: Strategic planning HP Life Course: Your target audience Week 3 Developing the right marketing mix and plan, Smart selling and effective customer service HP Life Course: Benefits vs. features, Social media marketing HP Life Course: Selling online, Setting prices Week 4 Understanding and managing start-up, fixed and variable costs. Using financial statements to guide a business. Cash flow and taxes. HP Life Course: Basics of finance HP Life Course: Profit and loss HP Life Course: Cash flow, Sales forecasting Week 5 Financing strategy. Addressing legal issues and managing risk. Operating for success HP Life Course: Finding funding HP Life Course: Maximizing capacity HP Life Course: Managing contact information, Customer relationship management Week 6 Management, leadership and ethical practices, HP Life Course: Hiring staff, Inventory management Week 7. Communication is critical, Franchising, licensing and harvesting: cashing in your brand HP Life Course: Business email, Presenting data, Effective business websites Week 8. Business Plan Possible Forms of Business Ownership and How to start them