How to Run and Organize a Small Business ON DEMAND

Overview

Starting and managing a small business is an exciting venture, but it comes with its own set of challenges, especially for aspiring entrepreneurs who may lack the necessary knowledge. This course serves as a comprehensive guide, covering every step required to successfully set up and manage a small business. From developing a robust business plan to mastering the art of Internet marketing, the course breaks down complex aspects into actionable strategies. It also addresses critical factors such as organizational structures, financing options, legal considerations, and effective cash and inventory management. The course is designed to transform the overwhelmed novice into a confident business owner, equipped with practical skills and knowledge to make informed decisions, navigate the complexities of entrepreneurship, and steer their business towards success.

Highlights

Types of businesses. Debt and equity financing. Managing financial assets. Legal considerations. Accounting, cost, and financial analysis. Individual and partnership income taxes. Marketing. Operations. Managing human resources.

Prerequisites

None.

Designed For

Partners, leaders, managers and accountants.

Objectives

Recognize the advantages and requirements of different business organizations. Identify factors to consider when buying an existing business. Recognize methods for determining how much to pay for a business. Identify important factors for selecting a new business location. Recognize the key sections of a business plan and how it can be used. Identify options and strategies available for small business financing. Identify the advantages of leasing vs. purchasing assets. Recognize methods for maximizing working capital and improving cash management. Identify processes for inventory management and control. Recognize the elements of different business structures. Identify items within legal contracts. Recognize the value of patents and where to register a trademark.