Welcome to Module 1

Module 1 has to do with the introduction to Entrepreneurship and Small Business Management and their role in the United States. We also identify the significant common problems that they face. We also explain the importance of family-owned businesses and their unique problems, including succession, tax, and estate planning.

This Module covers Chapters 1 to 4 of the recommended text.

Module Learning Outcomes

Upon successful completion of this module, you will be able to:

CLO1: Explain the role and importance of small businesses in the United States and identify the significant common problems that they face
CLO2: Explain the importance of family-owned businesses and their unique problems, including succession, tax, and estate planning
CLO3: Describe the process for identifying, evaluating, and selecting new business opportunities
CLO4: Compare and contrast the features of the various forms of small business ownership.

(CLO = Course Learning Outcome)

To Do

Please read/watch all of the module learning materials (readings, presentations, videos, etc.) and complete all assignments/assessments listed below. If you have questions, please contact the course instructor or ask in the Questions About This Course forum.

Readings and Presentations:

Read Chapter 1
Study Presentation PPT 1

Read Chapter 2
Study Presentation PPT 2

Read Chapter 3
Study Presentation PPT 3

Read Chapter 4
Study Presentation PPT 4

Published Articles:

Why Is Business Important To Society

Businessify

https://smallbusinessify.com/why-is-business-important-to-society/Links to an external site.

How to Start Your Own Business: 50 Things You'll Need to Do

Bethany K. Laurence

https://www.nolo.com/legal-encyclopedia/start-own-business-50-things-30077.htmlLinks to an external site.

How to Start a Business: The 12 Steps Founders Encounter on Their Entrepreneurial Journey

About the author Desirae Odjick Desirae is a senior product marketing manager at Shopify

https://www.shopify.com/blog/how-to-start-a-businessLinks to an external site.

11 Steps on How to Start a Small Business in 2021

Yankovsky

https://connecteam.com/how-to-start-small-business/ Links to an external site.

Videos:

Watch YouTube Video 1: 15 Reasons to Start Your Own Business [ 13 Mins]

Source: Vlad Kachur. (2019, July 10). 15 reasons to start your own business [Video]. YouTube. https://www.youtube.com/watch?v=UA8gHtNGwgQ

Watch YouTube Video 2: How to Create a Company | Elon Musk's 5 Rules [ 4:19 Mins]

Source: Savanteum. (2020, November 8). How to create a company | Elon Musk’s 5 Rules [Video]. YouTube. https://www.youtube.com/watch?v=Qa_4c9zrxf0

Watch YouTube Video 3: Risks in Starting a Business vs Buying an Established Business [ 6:47 Mins]

Source: Moran Pober. (2019, June 5). Risks in Starting a Business vs Buying an Established Business [Video]. YouTube. https://www.youtube.com/watch?v=zPLTGHAIXOI

Watch YouTube Video 4: 6 Tips on Being a Successful Entrepreneur | John Mullins | TED [ 15:20 Mins]

Source: TED. (2024, February 9). 6 tips on being a successful entrepreneur | John Mullins | TED [Video]. YouTube. https://www.youtube.com/watch?v=eHJnEHyyN1Y

Watch YouTube Video 5: The Different Types of Business Entities in the US [ 8:10 Mins]

Source: Edspira. (2020, September 14). The different types of business entities in the U.S. [Video]. YouTube. https://www.youtube.com/watch?v=fZHjHGR-9co

Watch YouTube Video 6: Business and Government Regulations - Impact on Business [ 9:05 Mins]

Source: Fisher College of Business. (2012, February 9). Business and Government Regulations - Impact on business [Video]. YouTube. https://www.youtube.com/watch?v=C6xpsZDm60E

Assignments/Assessments:

Complete the following assignments by the date and time indicated on each assignment page.

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