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Students will understand the advantages and disadvantages of:
1. buying an existing business;
2. starting a new business from scratch;
3. entering into a franchise agreement;
Students will have a basic understanding of the forms of ownership:
1. sole proprietorship;
2. partnerships;
3. corporations;
Students will understand local legal procedures.
Students will understand insurance needs and potential risks.
Students will understand the importance of image development.
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1. Buying versus starting a new business.
2. Franchising as an alternative.
3. Forms of ownership - (advantages -- disadvantages) - basic concerns.
relating to:
1. Liability
2. Control
3. Capital needs .
4. Taxes
Business image - what is it?
Licensing and permit procedures - local, state, federal.
Insurance and potential risk.
Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing. | Writing 10 - 70% |
Written homework, Essay exams | |
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills. | Problem Solving 10 - 40% |
Exams, WRITTEN REPORT | |
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams. | Skill Demonstrations 0 - 0% |
None | |
Exams: All forms of formal testing, other than skill performance exams. | Exams 0 - 0% |
None | |
Other: Includes any assessment tools that do not logically fit into the above categories. | Other Category 0 - 10% |
ATTENDANCE. | |
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SMALL BUSINESS MANAGEMENT, Nicholas C. Siropolis, Houghton/Mifflin,
5th Edition, 1994.