COVER SHEET FOR PROPOSALS To: From: Date: Subject: I. Scott Mandia and Phil Chirch Steve Saltzman and Nick Hoffmann October 17, 1999 The Business Plan Nature of Proposal (check all that apply) A. Curriculum Proposals: 1. New Curriculum ( ) 2. Curriculum Revision(s) a. Course addition(s) b. Course deletion(s) c. Course substitution(s) d. Course rearrangement(s) e. Credit distribution changes ( ( ( ( ( ) ) ) ) ) ( ( ( ( ) ) ) ) f. Other changes (specify) B. Course Proposals: 1. New Course(s) a. Addition(s) b. Deletion(s) c. Substitution(s) 2. Course Revision(s) a. Change of description (x) b. Change of title ( ) c. Change of catalog number (x) d. Change of faculty contact hours ( ) e. Other changes (specify) II. Votes and Recommendations (please attach or sign below) A. Dean of Faculty: (attach response to letter of intent) B. Vote of Department: Date: 10/25/99 (vote in numbers) C. Department Head: (signature) Date: 11/4/99 D. Other Departments/Campuses Affected: (attach notification(s) and responses) E. Class Size Committee: (attach notification and response) Revised: 11/19/98 Suffolk County Community College College Curriculum Committee Letters of Intent Proposer Steve Saltzman and Nick Hoffmann (name) Campus: A x E_____ Title The Business Plan Address Ammerman Campus W_____ Department/Area Business Administration Telephone 451-4032 E-mail Saltzms@sunysuffolk.edu Jusfornick@worldnet.att.net Type of Curriculum Proposals (Brief descriptions should be attached) Courses Programs New – A.A.________________________________ Adoption_____________________________ A.S.________________________________ A.A.S.______________________________ Certificate – Entrepreneurship Changes to an existing course The proposal impacts: BA74 Changes to an existing program__________ x one campus; college Recommendations: This proposal requires the following approval(s) Campus x Approved: Yes_____ No_____ College x Approved: Yes_____ No_____ ______________________________________________________________________________ Campus Dean of Faculty (signature) ______________________________________________________________________________ Vice President for Academic and Campus Affairs (signature) copies to: Proposer Chairs of Campus Curriculum Committees Department/Area Administrators Deans of Faculty Chair of College Curriculum Committee Revised 2/8/99 To: From: Date: Subject: I. Phil Chirch Steve Saltzman and Nick Hoffmann October 19, 1999 Proposal of Two Professional Sequences The Business Administration Department is proposing the creation of two new professional sequences: A. International Business BA62 – International Business BA63 – Fundamentals of Exporting and Marketing BA64 – International Financial Management BD57 – Marketing BD59 – International Marketing B. Entrepreneurship AC19 - Accounting for Small Business (New Course) BA53 – Entrepreneurship (Formerly Small Business Management) BA29 – Supervision BA59 – New Venture Management (New Course) BA54 – The Business Plan (Revised Course) BA11 – Introduction to Business 3 cr. 3 cr. 3 cr. 3 cr. 3 cr. 15 cr. 3 3 3 3 1 3 16 cr. cr. cr. cr. cr. cr. cr. Rationale for developing both programs: Business today has moved to the global arena and consistent with this shift, SCCC needs to provide individuals with a program which will provide students with the fundamental knowledge about international business and the special problems inherent within international trade. In addition to the growth of the global marketplace, more and more individuals are opting to open their own businesses instead of establishing corporate careers. Many of these individuals were “downsized” and have sought the entrepreneurial route for monetary and personal fulfillment. The Entrepreneurial Certificate is geared to helping these individuals to learn about the “ins and outs” of entrepreneurship. II. New Course proposals to enhance the Professional Certificate are: A. Accounting for Small Business 3 cr. – Accounting Department B. New Venture Management 3 cr. – Business Administration Department C. The Business Plan 1 cr. – Business Administration Department III. Course Title and Description Change The Department has proposed to change the title of BA53 to “Entrepreneurship.” Many two and four-year schools have moved in this direction. The title is a contemporary description of small business ownership and is now the accepted business terminology. New course description for BA53: Entrepreneurship is designed to provide students of all academic backgrounds with a broad understanding of the various aspects of small business ownership. Topics include business startup factors, marketing and the small business, retail, service, and manufacturing. BA54 is recommended as a co-requisite. IV. Rationale for the New Courses: The Business Plan will require students to develop a business based on the knowledge acquired from BA53. BA59 – New Venture Management is designed to take students to the next level of business ownership. Students learn how entrepreneurs deal with issues that affect their newly created businesses. The new accounting course will teach students fundamental accounting theory necessary in the operation of a small business. TO: STEVE SALTZMAN FROM: NICK HOFFMANN DATE: October 15, 1999 SUBJECT: PROPOSAL, COURSE OUTLINE, AND SYLLABUS TO BE SUBMITTED TO SENATE CURRICULUM COMMITTEE FOR COURSE TITLED “THE BUSINESS PLAN” AREA/DIVISION: Business TITLE: DEPARTMENT: Business Administration BA54: The Business Plan CATALOG DESCRIPTION: This course is designed to be taken as a co-requisite to BA53. The course is designed to teach students how to write a business plan, which is a detailed analysis of a company. The business plan provides an explanation of the industry in which the company will compete, the company’s goals, objectives, and a plan to achieve these goals. I. STATEMENT OF OBJECTIVES: Students, upon completion of this course, will be able to: A. Understand the importance and role that a business plan plays in the success of the business. B. Describe the components and types of information to be included in the business plan. C. Identify important sources where they can get help in developing a business plan. D. Think through and write a detailed business plan which will provide an explicit map for the success of the business. II. RELATIONSHIP TO STUDENT: A. Eligibility: Business students and/or any student contemplating ownership of a business who has completed the pre-requisites or are taking the corequisites. B. Credit: 1 C. Required: BA54 is a required course in the proposed entrepreneurial professional sequence. Eventually it can become accepted by the SUNY degree or certificate program in the 315 Business Administration / A.A.S. degree. D. Transferability: Transferable as a business elective. E. Proposed cycle for offering: Spring and Fall Semester. F. Pre-requisites/Co-requisites: AC19 and BA53 and/or instructor’s approval. III. RELATIONSHIP TO FACULTY: A. This course can be taught by existing faculty and/or faculty with entrepreneurial experience. IV. RELATIONSHIP TO LIBRARY A. The Library presently has materials necessary both in print and on the Internet, which can assist students in completing a business plan. The SBA, SCORE, and various other small business development centers can provide assistance and resources. B. VCR, TV and Smart Cart and/or computer classroom will be needed to supplement lecture. V. RELATIONSHIP TO EXISTING CURRICULUM The Business Plan will be a co-requisite of Entrepreneurship – BA53 and will be part of the proposed Entrepreneurship sequence in the Business Administration program. VI. RELATIONSHIP TO OTHER COLLEGES AND/OR CAREER GOALS A. The following schools presently offer a one credit course called the Business Plan: 1. Lansing Community College, MI 2. Broome Community College, NY B. Rationale: This course will provide individuals with the opportunity to formulate their own business plan, which is essential for the establishment and subsequent operation of a new venture. C. Application to career objectives: This course can be beneficial to students interested in establishing their own business or seeking involvement in the creation of one. This course is essential in providing a detailed plan to insure the endeavor’s success. VII. ADDITIONAL COST: None VIII. COURSE OUTLINE: Attached SUFFOLK COMMUNITY COLLEGE AMMERMAN CAMPUS COURSE OUTLINE DEPARTMENT: Business Administration SEMESTER: Spring 2000 COURSE: BA54 – The Business Plan TEXTBOOK : HOW TO WRITE A BUSINESS PLAN 4th edition, Mike McKeever SIMULATION: THE BUSINESS DISC ENTREPRENEUR’S KIT, Maryland Interactive Technologies INSTRUCTOR: TBA COURSE OBJECTIVES: Students, upon completion of this course, will be able to: 1. Understand the importance and role that a business plan plays in the success of the business. 2. Describe the components and types of information to be included in the business plan. 3. Identify important sources where they can get help in developing a business plan. 4. Think through and write a detailed business plan which will provide an explicit map for the success of the business. INSTRUCTIONAL PROCEDURES: This course is designed to accomplish several learning objectives utilizing various different methods and activities including: 1. 2. 3. 4. Analysis and discussion of actual business plans Use of multimedia software to provide guidance in creating a formidable business plan Related readings and video tapes Creation of business plans STUDENT REQUIREMENTS FOR COMPLETION OF THE COURSE: 1. 2. 3. 4. 5. Complete all assigned readings. Attend all class sessions. Participate in team assignments and class exercises. Submit business plan. Complete comprehensive exam. GRADING PRACTICES: Students final grade will be determined by: 1. Business Plan 2. Comprehensive exam 3. Class participation and instructor’s discretion 70% 20% 10% COLLEGE ABSENCE POLICY: All students are expected to attend every class session of the course in which they are registered. Students are responsible for all that transpires in class whether or not they are in attendance. The College defines excessive absence or lateness as more than the equivalent of one week of class meetings during the semester. Excessive absence or lateness may lead to failure in a course or removal from the class roster. TOPICAL COURSE OUTLINE – To be used as a guide and may vary WEEK TOPIC ASSIGNMENT 1 Introduction, outline review, Benefits of writing a business plan, available resources Chapter 1, 12 2 Self-evaluation, banker’s analysis Choosing a business, break-even analysis Chapter 2, 3 3 Sources of money to start or expand business, your resume and financial statement Chapter 4, 5 4 Profit and Loss forecast Chapter 6 5 Cash flow forecast and capital spending Chapter 7 6 Write marketing and personnel plans Chapter 8 7 Simulation – Introduction, Slideshow, Kinds of businesses, Organizational structure, See the Banker, Harry talks about business plans. complete simulation assignment 8 Simulation - Personal Income statement directions, Complete personal Income statement parts 1 and 2, Location options, Renting vs. working at home, See realtor, Rental locations to consider, See attorney regarding lease. complete simulation assignment 9 Simulation - See talk show about starting a business, Harry talks about hiring employees, Enter number of employees Job Description form, Work hours form, Employee taxes, Employee benefits, Withholding statement, Productivity Form, Payroll. complete simulation assignment 10 Simulation - Appointment with insurance agent, Enter the local retail sales tax rate, Credit records, Records needed for service, complete simulation assign- manufacturing, or retail businesses, Practice record keeping. ment 11 Simulation – Cash flow, Monthly sales projections, Party at Matthew’s, Cash flow statement, Pricing, Setting your price, Start-up costs, owner’s contribution to start-up costs. complete simulation assignment 12 Simulation - Letter of intent, Depreciation, Depreciation form, Attend SCORE meeting, See banker regarding loan approval, Attend party. complete simulation assignment 13 Edit and finalize business plan. Write final portions of your plan, which includes an introduction, title page and table of contents. 14 Continue to edit and finalize business plan. Complete final edit. 15Approvals: Final Exam ____________ Dept. Head ______________ Asst. Dean SUFFOLK COMMUNITY COLLEGE COURSE SYLLABUS COURSE TITLE: BA54: THE BUSINESS PLAN CATALOG DESCRIPTION: The course is designed to teach students how to write a business plan, which is a detailed analysis of a company. The business plan provides an explanation of the industry in which the company will compete, the company’s goals, objectives, and a plan to achieve these goals. This course is designed to be taken as a co-requisite to BA53. COURSE OBJECTIVES: Students, upon completion of this course, will be able to: 1. Understand the importance and role that a business plan plays in the success of the business. 1. Describe the components and types of information to be included in the business plan. 3. Identify important sources where they can get help in developing a business plan. 4. Formulate and compose a detailed business plan which will provide an explicit map for the success of the business through the use of multimedia technology, lecture and text. SPECIAL INSTRUCTIONS/INFORMATION FOR THE TEACHER: Prerequisite/corequisites to the course: BA53 and AC19 can be taken either as Prerequisites or co-requisites to the course. Programs that require this course: Entrepreneurial professional sequence. Eventually to be offered as a sequence in the Business Administration degree A.A.S. 315. Programs – Recommended Electives: Courses which require BA54 as a Prerequisite or co-requisite: Supporting information: This course can be used in business programs as elective credit and can be used as partial credit in programs with unrestricted electives, for example 103 and 306. BA53, BA59 Special Materials: This course will utilize multimedia technology along with lecture and text. The SBA, SCORE, and various other small business development centers can provide assistance and resources. Additional Instruction: Faculty should note many of the students may not have a firm grasp on financial concepts necessary to complete the financial analysis portion of the business plan. COURSE CONTENT Required Topics Introduction, outline review, Benefits of writing a business plan, available resources Self-evaluation, banker’s analysis Choosing a business, break-even analysis # of Hours Recommended 50 min 50 min Sources of money to start or expand business, your resume and financial statement 50 min Profit and Loss forecast Cash flow forecast and capital spending 50 min Write marketing and personnel plans 50 min Simulation – Introduction, Slideshow, Kinds of businesses, Organizational structure, See the Banker, Harry talks about business plans. 50 min Simulation - Personal Income statement directions, Complete personal Income statement parts 1 and 2, Location options, Renting vs. working at home, See realtor, Rental locations to consider, See attorney regarding lease. 50 min Simulation - See talk show about starting a business, Harry talks about hiring employees, Enter number of employees Job Description form, Work hours form, Employee taxes, Employee benefits, Withholding statement, Productivity Form, Payroll. 50 min Simulation - Appointment with insurance agent, Enter the local retail sales tax rate, Credit records, Records needed for service, 50 min manufacturing, or retail businesses, Practice record keeping. Simulation – Cash flow, Monthly sales projections, Party at Matthew’s, Cash flow statement, Pricing, Setting your price, Start-up costs, owner’s contribution to start-up costs. 50 min Simulation - Letter of intent, Depreciation, Depreciation form, Attend SCORE meeting, See banker regarding loan approval, Attend party. 50 min Edit and finalize business plan. 50 min Continue to edit and finalize business plan. 50 min Final Exam 50 min Total 12 ½ hours IX. VOTES AND RECOMMENDATION CHECKLIST (CHECK AS APPROPRIATE TO YOUR CAMPUS AND INDICATE DATE.) (X) Consultation with Campus Head Librarian (X) Signature of Campus Head Librarian: (X) Notification of other departments/campuses affected (X) Notification of Class Size Committee (X) Letter of Intent Response from Dean of Faculty (X) Vote of Department: For: Circle one: APPROVED 5 Against: 0 DISAPPROVED Date of Vote: (X) Signature of Department Head: ( ) Signature of Divisional Chairperson/Area Dean: (Assistant Dean of Instruction) ( ) Vote of Curriculum Committee (Academic Affairs) Circle one: APPROVED DISAPPROVED Date of Vote: ( ) Vote of full Faculty Senate/Assembly/Congress Circle one: APPROVED ( ) Class Size Committee DISAPPROVED Date of Vote: 10/25/99