MCCCD Program Description

Owning and Operating a Small Business

Course: MGT253

First Term: 1994 Fall

Lecture 3 Credit(s) 3 Period(s) 3 Load
Subject Type: Occupational
Load Formula: S

Description: Starting, organizing, and operating a small business, including location, finance management processes, advertisement and promotion, credit, inventory control and ethics

MCCCD Official Course Competencies
1. Conduct a self-analysis to determine if one has the personal qualities essential for owning and operating a small business. (I) 2. Use problem-solving methods in determining the course of action to follow in starting and operating a small business. (II) 3. Create a business plan. (II) 4. Identify and explain laws and regulations that affect the small business owner. (III) 5. Explain the advantages and disadvantages of various types of business ownership. (IV, VI) 6. Compare ratios between similar businesses. (IV) 7. Identify the different sources of debt capital, and explain the advantages and disadvantages of each. (IV) 8. Describe the characteristics of various types of business locations. (V) 9. Compare management styles and practices to determine effectiveness. (VII) 10. Describe various types of inventory control methods. (VIII) 11. Describe different types of costs, and calculate break-even. (VIII) 12. Read and interpret financial statements. (VIII) 13. Compare and contrast methods for promoting a business, product, or service. (IX) 14. Explain the various considerations that must go into establishing a price for a product or service. (IX) 15. Describe the challenge of ethics in small business, and define codes of conduct for businesses. (X)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. Characteristics of the Entrepreneur A. Health B. Personality C. Problem solving ability D. General business skills E. Timing F. Family obligations II. Analysis of the Business A. Developing a business plan B. Problem-solving sequence III. Business Ownership A. Buying an ongoing business B. Starting a business C. Developing a family business D. Purchasing a franchise IV. Sources of Start-UP Capital A. Types of business loans B. Equity sources C. Internal funds D. Trade credit E. Small business administration F. Small business development center V. Location A. Place B. Layout C. Merchandising concepts VI. Legal Forms of Ownership A. Sole proprietorship B. Partnership C. Corporation VII. The Management Process A. Management styles B. Human resources management C. Management philosophies VIII. Small Business Accounting A. Bookkeeping B. Taxes C. Depreciation D. Understanding financial statements E. Ratios F. Budgeting G. Inventory control IX. Marketing A. Product B. Setting a price C. Promotion D. Distribution E. Researching X. Ethics in Business A. Obligations within the organization B. Obligations to clients and consumers C. Obligations to society and the environment

MCCCD Governing Board Approval Date: 5/24/1994

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.