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ENT225Management Sciences2 Unitsintermediate

Small Business Finance

This course provides a comprehensive overview of small business finance within the Nigerian context. It covers essential topics such as the nature and scope of small businesses, various financing methods, and the Nigerian financial system. Students will learn to analyze market opportunities, develop business plans, and understand the factors contributing to the success or failure of small businesses. The course aims to equip students with the skills to start and sustain a small business in Nigeria.

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208h
Study Time
13
Weeks
16h
Per Week
basic
Math Level
Course Keywords
Small Business FinanceNigerian Financial SystemBusiness PlanningEntrepreneurshipSME Financing

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
🔬
Learning Type
Hands-on Practice

Course Topics

Key areas covered in this course

1

Small Business Definition

2

Nigerian Financial System

3

Types of Finance

4

Business Planning

5

Market Analysis

6

Roles of Small Business in Economic Development

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Computer Based Test

Career Opportunities

Explore the career paths this course opens up for you

Small Business Owner

Apply your skills in this growing field

Business Manager

Apply your skills in this growing field

Loan Officer

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Entrepreneur

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

RetailAgricultureManufacturingServicesTechnology

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Overview of Small Business

2h

Unit 1: Definition of Basic Concepts: Small Business and Finance

2 study hours
  • •Read the definition of small business and finance.
  • •Understand the criteria for classifying small businesses.
  • •Define finance and its importance.
Week
2

Module 1: Overview of Small Business

2h

Unit 2: The Nature and Scope of Small Business

2 study hours
  • •Identify small businesses in Nigeria.
  • •Discuss their activities.
  • •Examine the forms of business enterprise.
Week
3

Module 1: Overview of Small Business

2h

Unit 3: Characteristics of Small Businesses

2 study hours
  • •Outline the characteristics of small businesses.
  • •Describe how these characteristics distinguish small businesses from large businesses.
Week
4

Module 1: Overview of Small Business

2h

Unit 4: History of Small Business

2 study hours
  • •Discuss the historical evolution of small business in Nigeria.
  • •Outline the role of the agencies established to support small businesses in Nigeria.
Week
5

Module 2: Overview of Nigerian Financial System

2h

Unit 5: The Nigerian Financial System

2 study hours
  • •Explain the meaning of a financial system.
  • •Identify the participants in the financial system and describe their role.
Week
6

Module 2: Overview of Nigerian Financial System

2h

Unit 6: The Nigerian Money Market

2 study hours
  • •Define money market and highlight the function the Nigerian money market
  • •Mention the instruments used the Nigerian money market.
Week
7

Module 2: Overview of Nigerian Financial System

2h

Unit 7: The Nigerian Capital Market

2 study hours
  • •Define the capital market and outline its functions
  • •Mention the instruments used in the Nigerian Capital Market
Week
8

Module 2: Overview of Nigerian Financial System

2h

Unit 8: Securities and Exchange Commission of Nigeria

2 study hours
  • •Analyse the historical Evolution of the Securities and Exchange Commission
  • •Outline the functions of the Securities and Exchange Commission
Week
9

Module 2: Overview of Nigerian Financial System

2h

Unit 9: The Role of Central Bank of Nigeria

2 study hours
  • •Examine the factors responsible for the establishment of the Central Bank of Nigeria.
  • •Mention the functions of the Central Bank of Nigeria.
Week
10

Module 3: Finance Options Available for Small Business

2h

Unit 10: Types of Finance

2 study hours
  • •Mention the sources of short-term finance
  • •Identify the sources of medium-term finance
  • •Mention the sources of long-term finance
Week
11

Module 3: Finance Options Available for Small Business

2h

Unit 11: The Financing of Small Business in Nigeria

2 study hours
  • •Outline the past efforts aimed at financing small businesses in Nigeria.
  • •Mention the current efforts aimed at financing small businesses in Nigeria.
Week
12

Module 4: Business Planning

2h

Unit 12: Business Plan

2 study hours
  • •Define a business plan.
  • •Highlight the importance of a business plan.
  • •Identify the elements of a business plan for a business enterprise.
Week
13

Module 4: Business Planning

2h

Unit 13: Analysis of Market Opportunities

2 study hours
  • •Define a market
  • •Explain the marketing management philosophy and market segmentation strategies of market analysis
  • •Outline and discuss the steps involved in marketing research

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a study schedule allocating specific time for each module and unit

2

Summarize key concepts and definitions from each unit in your own words

3

Practice answering tutor-marked assignment questions to test your understanding

4

Review past examination papers to familiarize yourself with the exam format

5

Focus on understanding the Nigerian financial system and its components

6

Develop case studies for different types of small businesses and their financing needs

7

Practice analyzing market opportunities and creating business plans

8

Pay attention to the factors that contribute to the success and failure of small businesses

9

Create concept maps linking Units 3-5 financial system concepts

10

Review all self-assessment exercises and ensure you can answer them correctly

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