Description
Theory and practice of small-business management. Focus on effective management of small firms, essentials of planning and organizing the firm, financial and administrative controls. Evaluation of alternative business forms: purchase of an ongoing firm, franchising, and new business start-ups.

Texts
Scarborough, Norman M. and Thomas W. Zimmerer. Essentials of Small Business Management, New York, MacMillan College Publishing Company, 1998.

Objectives
· To understand the important role of small business firms.
· To appreciate effective management of small business firms.
· To become familiar with strategy determination, planning, organizing, and controlling small business operations.
· To develop an entrepreneurial perspective with will help you to understand and evaluate diverse entrepreneurial situations while providing practice responding to these situations.
· To develop an appreciation for major issues impacting capital venture and entrepreneurship.
· To exercise innovative thinking.
· Top conduct business research.
· How to exercise control in business ventures.
· To conduct business case analyses of current problems.
· Howe to choose a business idea to start-up a company.
· To understand strategies which insure success of a business plan.
· To appreciate the importance of financial planning.
· How to prepare for the process of raising venture capital.