Entrepreneurship

1. Understand the nature of entrepreneurship and small business.
2. Develop skills to manage small businesses effectively.
3. Identify and evaluate business opportunities.
4. Create a comprehensive business plan.
5. Manage manufacturing and service-based operations.
6. Raise capital for small businesses and maintain accurate accounting records.

13 weeks, about 52 hours in total. Yours will differ.

1. Week 1Module 1: Introduction to Entrepreneurship

   • Unit 1: The Nature of Entrepreneurship · 2 hours

     Understand the definition of entrepreneurship.. Identify the functions of an entrepreneur: planning, organizing, staffing, leading, and controlling.. Analyze the Nigerian economic landscape and the role of new businesses..

   • Unit 2: Forms of Business Organization · 2 hours

     Discuss the various forms of business organization: proprietorship, partnership, and limited liability company.. Analyze the advantages and disadvantages of each form of business organization.. Identify proprietorship businesses in your immediate environment..

2. Week 2Module 2: Small Business Fundamentals

   • Unit 3: The Nature of Small Business · 2 hours

     Explain the nature of small business.. Define a small business and differentiate it from larger businesses.. Analyze the advantages and disadvantages of small businesses.. Identify the three main types of small businesses..

   • Unit 4: Critical Success Factors in Entrepreneurship · 2 hours

     Understand the causes of business failure.. Identify critical success factors in entrepreneurship.. Analyze the importance of technical competence, mental ability, and human relation skills..

3. Week 3Module 3: Business Planning and Strategy

   • Unit 5: Identifying Business Opportunities · 2 hours

     Study population data and identify business opportunities.. Analyze demographic trends and their impact on business.. Evaluate economic, political, and regulatory trends..

   • Unit 6: Determining Business Location · 2 hours

     Identify factors that determine business location.. Discuss the factors that determine the location of retail, wholesale, service, and manufacturing businesses.. Analyze the economic base and competition in different locations..

4. Week 4Module 4: Business Plan Development

   • Unit 7: Business Layout · 2 hours

     Identify factors that influence business layout.. Discuss the layout of retail stores, wholesale operations, service facilities, and manufacturing facilities.. Analyze the importance of customer satisfaction and efficient operations..

   • Unit 8: The Technical Components of a Business Plan · 2 hours

     Understand the technical components of a business plan.. Analyze land and buildings, machinery and equipment, the production plan, and utilities.. Create a checklist for land, buildings, machinery, and equipment..

5. Week 5Module 5: Strategic and Marketing Planning

   • Unit 9: The Strategic and Management Components of a Business Plan · 2 hours

     Understand the strategic and management components of a business plan.. Discuss the strategy of the enterprise and the selection of enterprise strategy.. Analyze organization structure and management..

   • Unit 10: The Marketing Components of a Business Plan · 2 hours

     Understand the marketing components of a business plan.. Discuss potential customers and estimating the size of the market.. Analyze demand and factors affecting demand..

6. Week 6Module 6: Financial Planning and Management

   • Unit 11: The Financial Components of a Business Plan · 4 hours

     Identify the financial components of a business plan.. Discuss the financial components of a business plan, including projected costs, financing plans, income statements, cash flow statements, and balance sheets.. Analyze a practical example of a financial plan..

7. Week 7Module 7: Operations Management

   • Unit 12: Managing Manufacturing Based Operations · 4 hours

     Understand the nature of manufacturing.. Discuss the management of manufacturing operations, including facilities, machinery, equipment, raw materials, and management functions.. Analyze a checklist for manufacturing management..

8. Week 8Module 8: Service Operations Management

   • Unit 13: Managing Service Based Operations · 4 hours

     Understand service-based operations.. Discuss the management of service-based operations, including operations management systems, the role of operations managers, and process design.. Analyze the importance of Total Quality Management (TQM)..

9. Week 9Module 9: Financial Resources and Funding

   • Unit 14: Raising Capital for Small Business · 4 hours

     Identify the various sources of capital for small businesses.. Discuss the sources of funds, including personal savings, loans from friends and relations, bank loans, and the Small and Medium Enterprises Equity Investment Scheme (SMEEIS).. Analyze the requirements for obtaining loans from banks and other financial institutions..

10. Week 10Module 10: Accounting and Record Keeping

    • Unit 15: Accounting Records for Small Business · 4 hours

      Understand financial statements and their importance for small businesses.. Discuss the types of records kept by small businesses, including sales and cash receipt journals, cash disbursement journals, and purchase and expense journals.. Analyze the management of books and records..

11. Week 11Final Revision

    • Final Revision · 4 hours

      Review all modules and units.. Focus on key concepts and definitions.. Prepare for Tutor Marked Assignments (TMAs)..

12. Week 12Assignments

    • Assignments · 4 hours

      Work on assignments.. Visit successful business organizations.. Understand the secret of their success..

13. Week 13Exam Preparation

    • Exam Preparation · 4 hours

      Prepare for final examination.. Review all course materials.. Practice answering past examination questions..