Course Title

Advanced Entrepreneurship

Course Description

This course is designed to provide a detailed study of all aspects related to starting a business. The course includes the basic fundamentals of marketing and business operations and advanced topics to consider when preparing for business ownership. Through self-assessment activities, students will identify their potential for creating a business or marketable product/idea. Students will apply what they learn by developing their own detailed business plan. Self-employment is presented as a viable career option. Students will develop leadership traits and identify their leadership potential through participation in the DECA student organization.

Contact

Ida Fryhover
Program Specialist
405-743-5473
ifryh@okcareertech.org

OCAS Codes	OHLAP Credit	Course Length	Prerequisites
8354	No	120 Hours	Accounting I Entrepreneurship Marketing Fundamentals Intro to Business/Marketing (or) Business, Marketing, and IT (Core)

Knowledge and Skills

Use staffing, organizing, leading, controlling, and planning to manage business activities.

• Determine technical assistance needed by business owners.
• Identify sources of assistance for entrepreneurs/small-business owners.
• Develop company objectives.
• Develop strategies to achieve company goals/objectives.
• Describe the role of management in the achievement of quality.
• Identify external factors that affect planning.
• Identify assumptions for creating projected financial statements.
• Develop a business plan. Develop organizational plan.
• Develop job descriptions. Establish personnel policies.
• Create orientation program.
• Explain wage and benefit programs.
• Develop compensation plan.
• Maintain personnel records.
• Choose vendors.
• Negotiate contracts with vendors.
• Review performance of vendors.
• Negotiate service and maintenance contracts.
• Negotiate lease or purchase of facility.
• Develop company €™s budget.
• Use budgets to control operations.
• Develop expense-control plans.
• Analyze cash-flow patterns.
• Prepare cash-flow statements.
• Calculate financial ratios.
• Prepare balance sheets.
• Prepare profit-and-loss statements.
• Interpret financial statements.
• Analyze operating results in relation to budget/industry.
• Prepare financial statements for audit.

Implement business ethics, regulations, and safeguards to protect the business and to create trust.

• Implement managerial ethics.
• Apply trade regulations.
• Analyze environmental regulations.
• Comply with tax regulations.
• Fulfill business €™s reporting requirements.
• Identify speculative business risks.
• Obtain insurance coverage.
• Develop strategies to protect digital data.
• Establish policies/procedures for preventing internal theft.
• Develop policies/procedures for preventing vendor theft.
• Develop procedures for preventing
• Establish safety policies and procedures.
• Explain risk management.
• Correct hazardous conditions.
• Settle insurance claims.

Accountability Measures, Assessments, or Evaluation Procedures

Required (1) Brainbench Certifications:

• Business Communication
• Customer Assistance
• Managing People
• Business Ethics Awareness
• Business Concepts
• MS PowerPoint
• Computer Fundamentals
• Business Ethics Awareness
• Business Concepts
• Telephone Concepts
• Interpersonal Communications
• Listening Skills

http://www.okcareertech.org/mkted/courseinfo/brainbench.htm


Required ODCTE Competency Testing:
Skills Standards
http://www.okcareertech.org/testing/Skills%20Standards/Marketing_Career_Cluster.htm

• Manager Trainee
• Salesmanship

http://www.okcareertech.org/certify


Recommended Industry Certifications:

• A*S*K Institute (MarkED)
  

http://www.askinstitute.org

Industry Alignments

Curriculum Resources

Entrepreneurship: Ideas in Action 3E, 2006, C.L. Greene, Thomson/South-Western
http://www.ideas-in-action.swlearning.com
Marketing 2E, 2006, J.L. Burrow, Thomson/South-Western
http://www.marketxtra.swlearning.com
Marketing Essentials,2006, L.S. Farese, G. Kimbrell, C.A. Woloszyk, Glencoe/McGraw-Hill, Woodland Hills, CA.
http://www.marketingessentials.glencoe.com
Marketing Yourself, 2004, D. Ciletti, Thomson/South-Western
http://www.marketingyourself.swlearning.com
Retail Readiness Certification Prep, 2005, Thomson/South-Western
http://www.retailreadiness.swlearning.com
Junior Achievement
DECA
http://www.deca.org
OKCIS (Oklahoma Career Information System)
http://www.okcis.intocareers.org

This Course Found In These Career Majors