BA 215 - Small Business Management

Small business involves diverse factors, and effective management is most certainly a key factor in the success of a small business. BA 215 helps you develop skills to establish a solid foundation for a small business structure/venture. Whether you need to evaluate a business opportunity, decide on an appropriate business format, discover ways to finance and market a business or develop a human resources plan, this course aims to enhance your business opportunities.

Prerequisites: None
Corequisites: None

Course Learning Outcomes:
A student who successfully completes the course will have reliably demonstrated the ability to

1.Discuss business and the diverse forms of ownership.

2.Complete a financial assessment based on a set of financial statements, determining the financial health of a business.

3.Evaluate a business opportunity based on qualitative measures.

4.Report on the effective use of cash flow in a successful business.

5.Effectively choose banking options for a small business and the best bookkeeping method for your small business.

6.Differentiate between an employee and a contract worker, recognizing the true costs of hiring an employee.

7.Discover common themes among successful entrepreneurs and various options in franchising.

8.Apply the marketing mix to your target audience, determining the target audience of selected retailers.

9.Discuss the normal life cycle of renewable energy and conservation products, comparing them to non-renewable energy and conservation products and applying the concepts of “The Almost Customer” to small business management.

10.determine appropriate distribution systems for your service or product.

11.Identify key processes in hiring and managing new employees, including determining the right organizational fit for you or your employees.

12.Discover various means to compensate your employees.

13.Complete a business plan that includes.

i.an exploration of external (environmental) factors.

ii.an opportunity to verbally present aspects of this plan.

Required Resource Materials:
Required Resource Material:

Balderson, W., Mombourquette, P. & Farley, P.  (2023). Canadian entrepreneurship & small

business management (12th ed.). McGraw-Hill Canada.

ISBN-13: 1-26-485348-9

·Computer and Access to the Internet

·Lakeland College Communication Online Delivery Access

·Lakeland College D2L orientation - completed before the start date of the course

·As suggested in the modules

·As prepared in the modules

Optional Resource Materials:
None

Conduct of Course:
This course consists of 45 hours. The course is delivered as online learning. The online delivery is a facilitated course, meaning an online facilitator communicates with you mainly by e-mail. You may have access to some different communication tools during this course. There may be online meeting times, depending on the facilitator. You are requested to submit assignments to this facilitator. Assignments as scheduled are marked by the facilitator and critiqued for positive feedback to the learners.

Assignments have deadlines for submission. Late assignments are assessed a penalty of 10% per day beyond the deadline. If you cannot submit an assignment by the deadline, contact the facilitator as soon as possible.

Active participation is required in all courses within the Sustainable Energy Technology certificate and diploma programs. Each facilitator designates these requirements through the use of tools within the management system and personal contact with learners.

These expectations can be given marks as part of the assessment process. Each course outlines these expectations within the course structure. For example, learners can be asked to demonstrate their participation/attendance through discussion forums, sharing research results, contributing relevant information, submitting assignments, communicating with colleagues and the facilitator, and participating in synchronous meetings or asynchronous activities.

Attendance is considered vital to the learning process. Absenteeism is recorded. For example, if a discussion forum is organized, the learner is expected to attend as per the guidelines set by the facilitator.

Students can request an excused absence. An excused absence is one that is verified with your facilitator.

Content of Course:

1. The Roles of Entrepreneurship, Small Business in Canada, and the Small Business Decision.
2. Business Opportunity and Organizing a Business - The Business Plan 4A Checklist for a Small Business Plan & 4B Sample Business Plans
3. Buying a Business and Franchising, and Financing the Small Business
4. Marketing Management & Managing the Marketing Mix
5. Financial Management, Appendix 9A - Use of Financial Ratios for a Small Business and Operations Management
6. Human Resources Management and Management Help: Government Requirements and Tax Information
7. Managing Growth, Mentors, and Boards of Advisors, & Managing the Transfer of the Business

The final grade is comprised of the following:

• Official final grades will be available on My Lakeland. Grades posted in D2L should be considered interim grades.  
• “Lakeland College is committed to the highest academic standards. Students are expected to be familiar with Lakeland College policies and to abide by these policies. Violations of these policies are considered to be serious and may result in suspension or expulsion from the College.”  

Students must maintain a cumulative grade of C (GPA - Grade Point Average of 2.00) in order to qualify to graduate.

Every effort has been made to ensure that information in this course outline is accurate at the time of publication. Lakeland College reserves the right to change courses if it becomes necessary so that course content remains relevant.

In such cases, the instructor will give students clear and timely notice of changes.

No part of this course outline may be reproduced in any form or resold without written permission from Lakeland College.

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