Entrepreneurship 3:
Managing a Business
Master business strategy, operations, and risk management to steer your venture towards success.
- Entrepreneurial Finance and Accounting
- Startup Operational Planning
- Building and Networking a Team
- Risk Management and Strategic Decision-Making
Overview of Course
Taking the leap into entrepreneurship is just the beginning; the real challenge lies in effectively managing your business to ensure its success. “Entrepreneurship 3: Managing a Business” is the final course in a comprehensive three-part series designed to equip you with the knowledge and skills needed to navigate the complexities of running a business.
In this course, you’ll dive into strategic business management and operational planning, focusing on essential topics like entrepreneurial finance, accounting, and risk management. You’ll also learn how to build and connect with networks, create financial statements, and develop a solid operational plan. Additionally, the course covers legal and tax considerations, helping you choose the right business structure for your venture.
By the end of this course, you’ll be prepared to manage your business effectively, make informed decisions, and build a sustainable future for your entrepreneurial venture.
Length of Course: 20 Hours
Why You Should Take This Course:
- Running a business successfully requires a diverse set of skills, from financial management to strategic planning. “Entrepreneurship 3: Managing a Business” provides you with the tools and knowledge you need to tackle these challenges head-on. Whether you’re an aspiring entrepreneur or already managing a business, this course will help you refine your management skills and ensure your venture’s long-term success.
- One of the key reasons to take this course is its practical approach to entrepreneurial finance and accounting. You’ll learn how to create financial statements, develop projections, and understand the financial health of your business. These skills are crucial for making informed decisions, securing funding, and managing your resources effectively.
- The course also emphasises the importance of networking and building a strong team. You’ll explore how to connect with key advisors, service providers, and other entrepreneurs, creating a support network that can help you overcome challenges and seize new opportunities. Additionally, you’ll learn how to build a cross-disciplinary team that can drive your business forward.
- Risk management is another critical focus of this course. You’ll learn how to identify, mitigate, and manage risks that could impact your business, from financial uncertainties to operational challenges. This knowledge will help you protect your business and navigate the complexities of entrepreneurship with confidence.
- Finally, the course covers essential legal and tax considerations, helping you choose the right business structure and comply with regulatory requirements. Whether you’re running a for-profit business, a nonprofit, or a joint venture, understanding these considerations is vital for protecting your business and ensuring its long-term viability.
- By the end of “Entrepreneurship 3: Managing a Business,” you’ll have the skills and knowledge needed to manage your business effectively, make strategic decisions, and build a sustainable future. This course is an invaluable resource for any entrepreneur looking to take their business to the next level.
Module 1: Overview of Entrepreneurial Finance and Accounting Strategies
- Introduction to Financing and Accounting
- Entrepreneurial Funding across the Company Life Cycle
- Types of Financing
- Module Review
Module 2: Special Funding Strategies
- Introduction to Funding Strategies
- Funding Strategies for Charitable Organisations
- No-Loan Financing Strategies for Startups
- Module Review
Module 3: Accounting Basics for Entrepreneurs
- Introduction to the Accounting Equation
- Understanding Revenue, Expenses, and Income
- Module Review and Quiz
Module 4: Developing Startup Financial Statements and Projections
- Introduction to Financial Statements
- Creating Projections and Break-Even Analysis
- Simulation Game: Financial Management
- Module Review and Quiz
Module 5: Building and Connecting to Networks
- Importance of Networking in Entrepreneurship
- Campus Connections, Local, and Trade Organisations
- Engaging with Non-profit and Governmental Agencies
- Module Review and Quiz
Module 6: Building the Entrepreneurial Dream Team
- Identifying Key Advisors and Service Providers
- Building a Cross-Disciplinary Team
- Module Review and Quiz
Module 7: Designing a Startup Operational Plan
- Introduction to Operational Planning and Management
- Identifying Operational Needs
- Simulation Game: Operations Management
- Module Review and Quiz
Module 8: Business Structures: Overview of Legal and Tax Considerations
- Understanding Business Purposes and Structures
- Comparing For-Profit and Not-for-Profit Businesses
- Module Review and Quiz
Module 9: A Closer Look at Business Structures
- Exploring Sole Proprietorships, Partnerships, LLCs, and Joint Ventures
- Module Review and Quiz
Module 10: Additional Considerations: Capital Acquisition, Business Domicile, and Technology
- Introduction to Capital Acquisition
- Business Domicile and Technology Considerations
- Module Review and Quiz
Module 11: Mitigating and Managing Risks
- Introduction to Enterprise Risk Management
- Understanding Insurance Protection
- Simulation Game: Risk Management
- Module Review and Quiz
Module 12: Making Difficult Business Decisions in Response to Challenges
- Understanding Cognitive Biases and Problem Indicators
- Decision-Making Strategies to Overcome Challenges
- Module Review and Quiz
Module 13: Seeking Help or Support
- Types and Benefits of Assistance
- Deciding What Advice to Follow
- Module Review and Quiz
Final Assessment:
- Managing a Business Venture Course Final Exam
This course is part of the Learning Collections from the Unibeez Skills Academy
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