Small Business Finance
- Management Sciences
- 200 level
- 2 credit units
- 122 pages
- 16 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 208 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- Yes
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of ENT225, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
ENT225 · UNIT 2: THE NATURE AND SCOPE OF SMALL BUSINESS
We also have the tye-and-dye of textile, which prepares textile with different designs and colours to make them attractive and the garment factory that helps to produce dresses of various shapes and types.
What you should be able to do
- Explain the nature and scope of small business
- Identify and discuss various ways of financing a small business
- Explain major sources of business finance
- Analyze the Nigerian financial system
- Develop a comprehensive business plan
- Evaluate market opportunities
What it prepares you for
- Small Business Owner
- Business Manager
- Loan Officer
- Financial Analyst
- Entrepreneur
- Retail
- Agriculture
- Manufacturing
- Services
- Technology
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 2: Overview of Nigerian Financial System
Unit 5: The Nigerian Financial System
Understanding the complexities of the Nigerian financial system requires familiarity with various regulatory bodies and their functions.
- Module 2: Overview of Nigerian Financial System
Unit 7: The Nigerian Capital Market
The Nigerian Capital Market involves understanding of various instruments and participants, which requires prior knowledge of financial markets.
A suggested way through it
13 weeks, about 26 hours in total. Yours will differ.
- Week 1Module 1: Overview of Small Business
Unit 1: Definition of Basic Concepts: Small Business and Finance · 2 hours
Read the definition of small business and finance.. Understand the criteria for classifying small businesses.. Define finance and its importance..
- Week 2Module 1: Overview of Small Business
Unit 2: The Nature and Scope of Small Business · 2 hours
Identify small businesses in Nigeria.. Discuss their activities.. Examine the forms of business enterprise..
- Week 3Module 1: Overview of Small Business
Unit 3: Characteristics of Small Businesses · 2 hours
Outline the characteristics of small businesses.. Describe how these characteristics distinguish small businesses from large businesses..
- Week 4Module 1: Overview of Small Business
Unit 4: History of Small Business · 2 hours
Discuss the historical evolution of small business in Nigeria.. Outline the role of the agencies established to support small businesses in Nigeria..
- Week 5Module 2: Overview of Nigerian Financial System
Unit 5: The Nigerian Financial System · 2 hours
Explain the meaning of a financial system.. Identify the participants in the financial system and describe their role..
- Week 6Module 2: Overview of Nigerian Financial System
Unit 6: The Nigerian Money Market · 2 hours
Define money market and highlight the function the Nigerian money market. Mention the instruments used the Nigerian money market..
- Week 7Module 2: Overview of Nigerian Financial System
Unit 7: The Nigerian Capital Market · 2 hours
Define the capital market and outline its functions. Mention the instruments used in the Nigerian Capital Market.
- Week 8Module 2: Overview of Nigerian Financial System
Unit 8: Securities and Exchange Commission of Nigeria · 2 hours
Analyse the historical Evolution of the Securities and Exchange Commission. Outline the functions of the Securities and Exchange Commission.
- Week 9Module 2: Overview of Nigerian Financial System
Unit 9: The Role of Central Bank of Nigeria · 2 hours
Examine the factors responsible for the establishment of the Central Bank of Nigeria.. Mention the functions of the Central Bank of Nigeria..
- Week 10Module 3: Finance Options Available for Small Business
Unit 10: Types of Finance · 2 hours
Mention the sources of short-term finance. Identify the sources of medium-term finance. Mention the sources of long-term finance.
- Week 11Module 3: Finance Options Available for Small Business
Unit 11: The Financing of Small Business in Nigeria · 2 hours
Outline the past efforts aimed at financing small businesses in Nigeria.. Mention the current efforts aimed at financing small businesses in Nigeria..
- Week 12Module 4: Business Planning
Unit 12: Business Plan · 2 hours
Define a business plan.. Highlight the importance of a business plan.. Identify the elements of a business plan for a business enterprise..
- Week 13Module 4: Business Planning
Unit 13: Analysis of Market Opportunities · 2 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.
Preparing for the exam
- Create a study schedule allocating specific time for each module and unit
- Summarize key concepts and definitions from each unit in your own words
- Practice answering tutor-marked assignment questions to test your understanding
- Review past examination papers to familiarize yourself with the exam format
- Focus on understanding the Nigerian financial system and its components
- Develop case studies for different types of small businesses and their financing needs
- Practice analyzing market opportunities and creating business plans
- Pay attention to the factors that contribute to the success and failure of small businesses
- Create concept maps linking Units 3-5 financial system concepts
- Review all self-assessment exercises and ensure you can answer them correctly
Questions students ask about this course
What is ENT225 about?
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.
How many units does ENT225 have?
ENT225, Small Business Finance, has 16 units across 5 modules, over 122 pages of course material. You can read it one unit at a time.
How many credit units is ENT225?
ENT225 carries 2 credit units, at 200 level in Management Sciences.
Is ENT225 hard?
ENT225 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work, and it has a practical component.
How long does ENT225 take to study?
About 208 hours of study, spread across its 16 units.
How is ENT225 assessed?
ENT225 is assessed by assignments, tutor marked assessments and final examination.
What can I do with ENT225?
Small Business Owner, Business Manager, Loan Officer, Financial Analyst and Entrepreneur.