Small Business Management

• Instructor: Lagos City Polytechnic
• Lectures: 9
• Duration: 3 hours

PROGRAMME: Higher National Diploma in Business Administration and Management

COURSE TITLE: Small Business Management

COURSE CODE: BAM 418

CREDIT HOURS: 3 HOURS A WEEK

LECTURER: OBADIPE A.J.

PROGRAMME GOAL: To provide the student with the basic knowledge on the various tools used in the management of small-scale businesses.

OBJECTIVES:

At the end of this course, the students should be able to:

• Understand the nature of small-scale enterprises.
• Understand the legal framework for small-scale enterprises in Nigeria.
• Understand the role of government in small-scale enterprises in Nigeria.
• Understand business plan for a small-scale business enterprise.
• Understand marketing management in a small business enterprise.
• Understand the general concept of production management.
• Know human capital needs for an enterprise.
• Understand the financing of small business enterprise.
• Understand financial management in a small business enterprise.
• Understand credit control in small business enterprises.

COURSE OUTLINES

Chapter 1: NATURE OF SMALL-SCALE ENTREPRENEURSHIP

1.1     Introduction

1.2     Identifying a Small Business

1.3     Importance of Small Business

1.4     Types of Small Business

1.5     Problems associated with small Scale Businesses

1.6     Advantages of Self-Employment

1.7     Disadvantages of Self-Employment

1.8     Ten Causes of Business Failure You Must Watch out For

1.9     Assignments

1.10   Quizzes

Chapter 2: LEGAL FRAMEWORK FOR SMALL SCALE BUSINESS

2.1     Introduction

2.2     The Sole Proprietorship

2.3     Partnerships

2.4     Incorporated Companies(Corporations)

2.5     Constitution and Regulation of Companies.

2.6     Regulations to watch out for

2.7     There are a range of legal structures associated with different forms     of business.

2.8     Environmental factors affecting a business.

2.9     Business Related Laws

2.10   Roles of Entrepreneurship in Development of the economy

2.11   Assignments

2.12   Quizzes

Chapter 3: ROLE OF GOVERNMENTS IN SMALL SCALE ENTERPRISES IN NIGERIA

3.1     Various Support Agencies and their functions in Small and Medium    Scale Industrial Development

3.2     Industrial Association

3.3     Other Support Agencies

3.4     Entrepreneurship Supportive Agencies in Nigeria

3.5     Assignments

3.6     Quizzes

Chapter 4: BUSINESS PLAN FOR SMALL SCALE BUSINESS ENTERPRISES

4.1     Business Plan

4.2     Nature of the Business Plan

4.3     Purpose of the Business Plan

4.4     Components of Business Plan

4.5     Assignments

4.6     Quizzes

Chapter 5: MARKETING MANAGEMENT IN A SMALL SCALE ENTERPRISE

5.1     The Marketing Concept

5.2     Marketing Research Process

5.3     Target Market

5.4     Channels of Distribution

5.5     Appropriate Pricing Strategies

5.6     Assignments

5.7     Quizzes

Chapter 6: GENERAL CONCEPT OF PRODUCTION

MANAGEMENT

6.1     Production Management Overview and Key Concepts

6.2     Production Quality Control

6.3     Labor Force Management

6.4     Expense Control

6.5     Inventory Control

6.6     Production Planning

6.7     Production Evaluation

6.8     Sources of Raw Materials

6.9     Assignments

6.10   Quizzes

Chapter 7: HUMAN CAPITAL NEEDS FOR ENTERPRISES

7.1     Human Capital needs in an enterprise.

7.2     How to motivate and compensate employees

7.3     Assignments

7.4     Quizzes

Chapter 8: FINANCING OF SMALL-SCALE ENTERPRISES

8.1     Definition of Short Term Business Financing

8.2     Types of Short Term Business Financing

8.3     Definition of Medium Term Sources

8.4     Definition of Long Term Business Financing

8.5     Preference Stock

8.6     Factors to Be Considered When Setting a Factory

8.7     Assignments

8.8     Quizzes

Chapter 9: CREDIT CONTROL IN SMALL BUSINESS

9.1     What is Credit Control?

9.2     Steps in extending credit to customers

9.3     Sources of Information on Credit

9.4     Consumer Credits

9.5     Credit Cards

9.6     Reasons for Credit to Small Business Enterprises in Nigeria

9.7     Cost of Credit

9.8     Assignments

9.9     Quizzes

Review Questions