Entrepreneurship Studies I

1. Understand the nature of entrepreneurship and small business.
2. Develop entrepreneurial skills for managing small businesses.
3. Identify and evaluate business opportunities.
4. Create a comprehensive business plan.
5. Manage manufacturing and service-based operations effectively.

13 weeks, about 28 hours in total. Yours will differ.

1. Week 1Module 1: Introduction to Entrepreneurship

   • Unit 1: The Nature of Entrepreneurship · 2 hours

     Read Unit 1: Understand the definition of entrepreneurship and its importance.. Study the functions of an entrepreneur: planning, organizing, staffing, leading, and controlling.. Analyze Figure 1.1 to understand the flow and logical argument of entrepreneurial functions.. Complete Exercise 1.1: Identify and list the two leadership styles..

2. Week 2Module 1: Introduction to Entrepreneurship

   • Unit 2: Forms of Business Organization · 2 hours

     Read Unit 2: Understand the characteristics of proprietorships, partnerships, and incorporated companies.. Analyze the advantages and disadvantages of each form of business organization.. Complete Exercise 2.1: List six proprietorship businesses in your immediate environment.. Discuss the practical business idea for class: Commercial Production of Popcorn..

3. Week 3Module 2: Small Business Management

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

     Read Unit 3: Understand the definition of small business and its characteristics.. Study the criteria for identifying a small business: capital outlay, number of employees, ownership structure, and technology employed.. Complete Exercise 3.2: List the three main types of small businesses that you know.. Discuss the practical business idea for class: Commercial Production of Ice Cream..

4. Week 4Module 2: Small Business Management

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

     Read Unit 4: Understand the causes of business failure and critical success factors.. Study the importance of technical competence, high mental ability, and human relation skills.. Complete Exercise 4.1: List four leadership traits that the entrepreneur should possess.. Discuss the practical business idea for class: Production of Distilled Water..

5. Week 5Module 3: Business Operations

   • Unit 5: Identifying Business Opportunities · 2 hours

     Read Unit 5: Learn how to identify business opportunities by studying population data and demographic trends.. Analyze economic, political, and regulatory trends.. Complete Exercise 5.1: List six goods that will regularly be used by a three-year-old child.. Discuss the practical business idea for class: Still Water Bottling Plant..

6. Week 6Module 3: Business Operations

   • Unit 6: Determining Business Location · 2 hours

     Read Unit 6: Understand the factors that determine business location, including personal, economic, and competitive factors.. Study specific factors in selecting retail, wholesale, service, and manufacturing locations.. Complete Exercise 6.1: List three general factors that influence the location of a business.. Discuss the practical business idea for class: Investment in Pure Water Plant..

7. Week 7Module 3: Business Operations

   • Unit 7: Business Layout · 2 hours

     Read Unit 7: Understand the factors that influence business layout, including retail stores, wholesale operations, service facilities, and manufacturing facilities.. Study the importance of customer satisfaction and efficient operations.. Complete Exercise 7.1: List three types of business layouts that are found in business.. Discuss the practical business idea for class: Commercial Production of Garri..

8. Week 8Module 4: Business Planning

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

     Read Unit 8: Understand the technical components of a business plan, including land and buildings, machinery and equipment, the production plan, and utilities.. Study the concepts of installed capacity, attainable capacity, and actual capacity.. Complete Exercise 8.1: List the four components of a business plan.. Discuss the practical business idea for class: Laundry Starch Production..

9. Week 9Module 4: Business Planning

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

     Read Unit 9: Understand the strategic and management components of a business plan, including enterprise strategy and organization structure.. Study the three general types of competitive strategy: low cost leadership, differentiation, and niche.. Complete Exercise 9.1: List the three types of strategy.. Discuss the practical business idea for class: Production of Office Gum..

10. Week 10Module 4: Business Planning

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

      Read Unit 10: Understand the marketing components of a business plan, including potential customers, market size, and key elements of the marketing plan.. Study the factors affecting demand and the importance of price, product availability, and advertisement.. Complete Exercise 10.1: List five products that a small scale business can manufacture.. Discuss the practical business idea for class: Investing in Polythene Shopping Bag Plant..

11. Week 11Module 5: Financial Management

    • Unit 11: The Financial Components of A Business Plan · 2 hours

      Read Unit 11: Understand the financial components of a business plan, including projected costs, revenues, and financial statements.. Study the projected income statement, cash flow statement, and balance sheet.. Complete Exercise 11.1: List three parties that may be interested in studying the financial components of a business plan.. Discuss the practical business idea for class: Fruit Juice Production..

12. Week 12Module 5: Financial Management

    • Unit 12: Managing Manufacturing Based Operations · 2 hours

      Read Unit 12: Understand the nature of manufacturing and the management of manufacturing operations.. Study the importance of land, factory layout, machinery, equipment, raw materials, and utilities.. Complete Exercise 12.1: List four items you might find in a factory layout.. Discuss the practical business idea for class: Laundry and Dry Cleaning Outfit..

13. Week 13Module 5: Financial Management

    • Unit 13: Managing Service Based Operations · 2 hours

      Read Unit 13: Understand service-based operations and the management of service-based operations.. Study the operations management systems, the role of operation managers, and the dimensions of service quality.. Complete Exercise 13.1: List four institutions whose products are described as services.. Discuss the practical business idea for class: Palm Kernel Cracking Plant..

    • Unit 14: Raising capital for small business · 2 hours

      Read Unit 14: Understand raising capital for small business.. Study the various sources of capital for small business.. Complete Exercise 14.1: List four sources of finance for a small business owner – manager..