Certificate in Entrepreneurship

LEARNING OBJECTIVES: Upon completion of this course, students will know: • Double-entry accounting and the accounting cycle • Budgeting and financial planning for entrepreneurs • Fixed and variable costs • Legalities, rules, and liabilities • The Universal Commercial Code • Bankruptcy and fraud • Five key managerial activities for entrepreneurs • Five motivational paths • Key elements of marketing and marketing plans DESCRIPTION: This user-friendly program is designed for those people who are looking for an entrepreneurship certificate online. Therefore, it’s ideal for any adult who wants to learn more about the finance involved in entrepreneurship. After completing this entrepreneurship certificate online, you’ll be one step closer to starting your very own business. Also, the program is focused on being user-friendly. Hence, this educational platform is more accessible, and thus, users can use all the available resources without a problem. This certificate in entrepreneurship will teach you various topics to help you develop your entrepreneurship skills. Therefore, you’ll learn about: • The accounting cycle and double-entry accounting • Variable and fixed costs • Financial planning and budgeting for entrepreneurs • Legalities, liabilities, and rules • Bankruptcy and fraud • The universal commercial code • Five essential managerial activities for entrepreneurs • Critical elements of marketing plans • Five motivational paths This multimedia-rich certificate program aims to help you become a successful entrepreneur. Thus, it will help you learn the following aspects when it comes to becoming an entrepreneur. • How to start and grow a business from the ground-up • What resources you’ll have at your disposal as a budding entrepreneur and where you’ll be able to find them So, after this entrepreneurship certificate program, you’ll learn how to transform your career options by starting a business of your own. CERTIFICATION: National Career Certification Board (NCCB)
Earn Your Certificate In Entrepreneurship
DURATION (time given)
5 months
3 Months
Certificate in Entrepreneurship Module 1 - Accounting and Finance for Entrepreneurs • Understand and explain the assumptions and principles that underlie Generally Accepted Accounting Principles (GAAP) • Understand and explain the rules of double-entry accounting • Calculate the balance of the account • Define the steps that make up the accounting cycle • Describe the relationship between the major financial statements that make up an annual report • Explain the role of finance in the entrepreneurial process • Understand the importance of budgeting and financial planning • Identify and explain the three major pricing strategies • Define and distinguish between fixed and variable costs • Calculate the components of a master (static) budget • Prepare a cash budget • Prepare and analyze pro forma financial statements • Develop a basic financial plan • Use pro forma financial statements to evaluate a new venture • Explain the factors and assumptions involved in break-even analysis • Calculate Return on Investment (ROI) and payback period Certificate in Entrepreneurship Module 2 - Business Law for Entrepreneurs • Understand basic legal terminology and the larger legal environment • Identify and distinguish among the three basic legal structures of business organization • Explain the advantages and disadvantages of a sole proprietorship • Understand the rules and liabilities involved in a partnership • Discuss the advantages and disadvantages of a corporation, and the steps necessary to incorporate • Distinguish between a general partnership and a limited partnership or a limited liability partnership • Explain the differences between S corporations and limited liability companies • Identify the three major types of franchises and discuss the pros and cons of franchising • Explain the major legal protections for intellectual property rights • Define and distinguish between patents and copyrights • Discuss the importance of trademarks • List the criteria that define a trade secret • Identify the areas of employment law that are most relevant to entrepreneurs • Define the four legal elements involved in forming a contract • Discuss the Statute of Frauds and the types of contracts to which it applies • Explain Article 2 of the Universal Commercial Code and how it applies to sales contracts • Understand the basics of tax law as it applies to a business • Identify the major areas of federal regulation that apply to businesses • Understand basic legal principles applying to personal property • Understand basic legal principles applying to real property • Identify the legal means for transferring ownership of real property • Identify the three types of bankruptcy defined under federal law Certificate in Entrepreneurship Module 3 - Introduction to Entrepreneurship • Describe the characteristics of a successful entrepreneur • Outline the eight stages of the entrepreneurial process • Explain the discovery stage • Describe the evaluation of the market for a new venture • Outline ways to structure the venture • Discuss the strategic planning process for an entrepreneur • Describe the operational and financial planning needed for a new venture • Outline how an entrepreneur develops and employs a business plan • Describe the options for funding the new venture • Discuss issues in implementing the plans for a new venture • Recognize the ethical issues faced by entrepreneurs Certificate in Entrepreneurship Module 4 - Leadership and Management for Entrepreneurs • Describe the managerial roles played by an entrepreneur • Outline the five key managerial activities • Describe self-management techniques for managing time and organizing, planning, and prioritizing • Discuss the autocratic (ODS-A), participative (ODS-P), and empowering (GEM) management styles and their application • Describe the process for staffing an entrepreneurial venture • Discuss Katzenbach's Five Motivational Paths and how they apply to new ventures • Describe the process for coaching employees • Outline the USED Model for training employees • Discuss the importance of active listening when communicating with employees Certificate in Entrepreneurship Module 5 - Strategic Marketing for Entrepreneurs • Describe the role of strategy and marketing in an entrepreneurial setting • Discuss the basics of strategy, including the three levels of strategy and the five competitive forces identified by Michael Porter • Explain marketing basics, including the marketing process and the Four P's • Discuss the role of marketing in the discovery stage of a new venture • Describe the evaluation of the market for a new venture, including market segmentation, target marketing, and exploring customer needs • Discuss the role of strategic planning in the entrepreneurial process • Describe the key elements of a marketing plan • Outline the factors for success in creating a new venture business plan
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