300

Through case studies and business planning exercises, students will learn tactics for how to set clear financial goals for the new business venture. In addition, they will learn how to build and use financial statements and internal dashboard reports, develop revenue and expense forecasts and manage cash resources. Discussions will focus on the application of financial reporting as a foundation for financing a new or small, but expanding business, as well as on balancing the need for business financing with personal entrepreneurial goals. Finally, students will learn about the expanding role finance is bringing to new ventures in following the drama of a fictional small business. Pre-requisite(s): BUS 101 or approval from the Business Department Chair. Co-requisite(s): None. 5 quarter hours

Most companies around the world are started, controlled and managed by their founders and/or founding families. Family owned businesses provide their own set of unique challenges to both family members and others outside the family that are drawn into the business venture. This course introduces students to those unique organization, Students will experience the intensity of entrepreneurship by participating in a simulation with specific job roles and responsibilities. The simulation is the platform for other challenging scenarios that are unique to family-owned businesses. This course provides students with an applied perspective on both the personal and professional aspects of managing a family-owned business venture. Pre-requisite(s): BUS 101 or approval from the Business Department Chair. Co-requisite(s): None. 5 quarter hours