High School Business Ownership
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Pricing Tier
1 - Premium
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Number of Credits
1.0
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Estimated Completion Time
32-36 weeks
Suggested Prerequisites
Principles of Entrepreneurship and Business Management & LawDescription
Are you ready to unleash your entrepreneurial spirit and explore the exciting world of business ownership? Whether you dream of starting your own business or want to understand what it takes to be a successful business owner, this course will provide you with the knowledge and skills needed to make your dreams a reality. You will develop a comprehensive business plan, learn the fundamentals of financial management, and explore the essentials of creating an effective marketing strategy. Additionally, you will create a career plan that outlines your goals and the steps needed to achieve them, preparing you to take the first steps toward launching and operating your own business.Business Ownership is the third course in the Entrepreneurship program of study in the Marketing, Sales and Service career cluster. This course meets the practical arts requirement for graduation.Module One: Launching your Venture
-Characteristics of an Entrepreneur
-Technology in Business
-Business TrendsĀ
-Factors Leading to Interdependence and Starting Your Business
-Common Types of Businesses
-Steps to Establish Various Business Structures
-Advantages/Disadvantages of Buying an Existing Business/Franchise
-Develop a Successful Business Plan
-Create Mission and Vision Statements
-Indicators for Business Failure
Module Two: Market Foundations
-Conduct a Target Market Analysis and its Benefits
-Four Types of Consumer Buying Behaviors
-Economic Trends and Situations that Affect Consumer Demand
-How to Conduct a SWOT and TOWS Analysis
-PESTLE Analysis Categories and Porter's Five Forces
-Write a Product or Service Description
-Identify Potential Suppliers and Manufacturers
-Develop an Inventory Policy and Effective Pricing Strategies
-Calculate the Different Types of Profit Margins and Selling Prices
-Assessing the Demographics for a Business Site and How to Calculate Rent
Module Three: Business Promotion
-Characteristics and Steps to Develop Your Brand Image
-Five Types of Business Publicity and the Best for You
-Effective Customer Service that Leads to Good Publicity
-Promotional Activities Within a Promotional Mix
-Steps of Conducting a Cost-benefit Analysis for Promotional Activities
-Omnichannel and Multichannel Marketing Strategies
-Different Types of Advertising Mediums and Their Costs and Benefits
-Metrics Used to Assess the Performance of a Promotion
-Designing and Advertising Different Types of Sales Promotions
-Importance and Components of a Business Promotional Plan and Digital Marketing
Module Four: Workforce Development
-The Five Functions of Management
-How to Create Different Types of Organizational Charts and Their Benefits
-The Hiring Process and its Importance
-Job Description Components
-Perform a Risk Management Analysis to Determine Employee Benefits
-General Roles of Employees and How to Supervise Them
-Work Environment Types for Various Businesses
-Federal, State, and Local Regulations that Affect Employee Retention
-The Importance and Functionality of Management Information Systems
-Communication and Collaboration Tools that Help Businesses
Module Five: Financial Blueprint
-Startup and Operating Costs and Capital
-Equity vs Debt Financing
-Key Indicators of Creditworthiness
-Projecting Cash Flow and Revenue for First Year of Operation
-Offering and Developing Alternative Payment Options
-Business Taxes
-Calculate Monthly Loan Payments and Use an Amortization Schedule
-Loan Repayment and Return on Investment
-Creating a Five-Year Financial Plan and its Usefulness
-Preparing Balance Sheets and a Summary for Supporting Financial Requests
Module Six: Prepare for Sucess
-How Education and Training Help Businesses Succeed
-Helpful Personality Traits and Work Habits for a Successful Business Venture
-Developing an Entrepreneurial Career Plan
-Creating a Personal Development Timeline and its Importance
-Importance of Lifelong Learning
-Process and Importance of Business Licenses and Permits
-Career Planning and Development Platforms
-Digital Tools for Career Planning
-Resume Best Practices
-Important Components of a Career Portfolio
NCAA-Approved Courses
Our NCAA approved courses are updated often. Please visit the NCAA Eligibility Center and use our school code to see all current eligible courses. The FlexPoint Virtual School NCAA High School code is: 850171
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