How to Run and Organize a Small Business (SBDP)

Pre-requistes:

Knowledge Level:

Major Topics:

• Getting started
• Debt and equity financing
• Managing financial assets
• Legal considerations
• Accounting, cost, and financial analysis
• Taxes
• Marketing
• Operations
• Managing human resources
• Types of businesses

Learning Objectives:

• Identify factors in buying an existing business.
• Recognize methods for determining how much to pay for a business.
• Identify important factors for a new business location.
• Recognize the key sections of a business plan and how it can be used.
• Identify options and strategies available for small business financing.
• Identify the advantages of leasing vs. purchasing assets.
• Recognize methods for maximizing working capital and improving cash management.
• Identify processes for inventory management and control.
• Recognize elements of different business structures.
• Identify items within legal contracts.
• Recognize the value of patents and where to register a trademark.
• Recognize financial records necessary to improve internal controls.
• Identify different financial ratios useful for financial analysis.
• Recognize major elements in business costs.
• Identify some elements of different taxes.
• Recognize different components of a marketing research.
• Identify the advantages of new product introductions.
• Recognize social media as it applies to marketing.
• Identify key factors in creating a pricing strategy.
• Recognize factors to consider when selecting insurance policies.
• Identify software useful for a small business.
• Identify advantages of different staffing strategies.
• Recognize the advantages and requirements of different business organizations.

Designed For: