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Aug 06, 2026
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ENTR 250 - New Venture Development
PREREQUISITES: ENTR 210 - Entrepreneurial Tax and Finance
PROGRAM: Entrepreneurship
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
DATE OF LAST REVISION: Fall, 2013
Application of principles and skills needed for implementation of a business plan to own and operate a successful venture. The principles and skills of the entrepreneur are utilized in the decision making process including the appropriate business structure and organization, developing plans and strategies for the entrepreneurial venture, financing strategies, exploring growth opportunities, and successfully managing scarce resources.
MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the student will be expected to:
- Prepare and present a detailed business plan.
- Explain the different forms of business structures including partnerships, limited liability corporations, family owned, and succession planning.
- List sources of funds and planning associated with preparing the financial statements needed for an investment package.
- Identify variables for buy/lease negotiations, layout, and location.
- Describe the need for controls as they relate to the logistics of purchasing, inventory, and loss control.
- Discuss the use of technology in today’s small business such as point of sales (POS) systems, phone systems, accounting systems, and computer systems.
- Describe the organizational structure and personnel function as it relates to the entrepreneurial firm.
- Discuss government laws and regulations as they relate to small business
COURSE CONTENT: Topical areas of study include -
- Business Plans
- Entrepreneurship
- Small Business
- Not-for-Profit Entities
- Elevator Pitch
- Pro forma Statements
- Forms of Business Ownership
- Financing
- Financial Statements
- Bootstrap Financing
- Management Functions
- Tax and Zoning Laws and other Regulations
Course Addendum - Syllabus (Click to expand)
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