STA 418 Explain the various reasons for borrowing.

Small Business Management II

Goal:

This course is designed to provide the student with further basic knowledge on the various tools used in the management of small-scale businesses.

GENERAL OBJECTIVES:

On completion of this course, the diplomate will be able to:

1. Understand the financing of small business enterprises

2. Understand financial management in a small business enterprise

3. Understand credit control in small business enterprises.

4. Understand the organization, and its structure for a small-scale enterprise.

5. Understand a small-scale enterprise information system.

6. Understand marketing management for a small-scale enterprise.

7. Produce a business plan for a small-scale enterprise.

8. Be able to give a presentation on a business plan for a small-scale enterprise.

1.1 Estimate the capital needs of a selected small business.

1.2 State sources of finance for small business.

1.3 Explain the roles of specialized institutions in financing small businesses.

1.4 Explain how to source short-term and long-term credits

1.5 Explain the various reasons for borrowing.

1.6 Describe costs of borrowing with some examples.

1.7 Explain how toapproach lenders.

1.8 Explain reasons for financial plans.

2.1 Explain the need for sound financial management in small business.

2.2 Prepare the basic financial records required for small business enterprises and their operation.

2.3 Explain preparation of key financial statements - cash flow, profit and loss account and balance sheet.