ENTR 215 - New Venture Development
PREREQUISITES: ENTR 200 - Entrepreneurial Enterprise
PROGRAM: Entrepreneurship
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
TOTAL CONTACT HOURS MIN: 48
DATE OF LAST REVISION: Fall 2025
This course provides an overview of the legal, operational, and technological aspects of managing and growing a small business. Students will study key business law concepts, including regulatory compliance, legal structures, and property agreements, to make informed decisions aligned with organizational goals. They’ll also cover buy/lease negotiations, insurance, logistics, technology use, risk management, and intellectual property protection. By the end, students will apply these legal concepts to the business they are developing to navigate legal environments and sustain long-term business success.
MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course, the student will be expected to:
- Explain fundamental legal concepts relevant to business ownership.
- Differentiate between business structures to justify the appropriate form based on business goals.
- Interpret government laws and regulations that impact small business operations and logistics.
- Examine options for purchasing or leasing property for a small business.
- Apply intellectual property concepts to a small business.
- Compare types of business insurance to select appropriate coverage based on identified business risks and needs.
- Assess technology solutions to enhance the effectiveness of small business operations.
COURSE CONTENT: Topical areas of study include -
- Legal Structure Selection
- Regulatory Environment Analysis
- Intellectual Property
- Logistics, Supply Chain, and Distribution
- Leasing, Property Taxes, and Zoning
- Risk Management and Business Insurance
- Technology Integration
- Developing a Business Plan
Course Addendum - Syllabus (Click to expand)
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