SMALL BUSINESS ENTREPRENEURSHIP

SMALL BUSINESS ENTREPRENEURSHIP
AREA OF STUDY: CORE
BBA-213

Year: 2
Semester: 4

________________________________________
* Continuous
** Duration: 3 hours

Objectives
After the completion of this course, the students will gain basic knowledge about the concept of small business as well as entrepreneurship in Nepalese context and will provide a base for advanced study in the field.
Unit 1: Introduction L. H. 8
a. Concept of Small Business: Evolution, Meaning, Importance, Classification, Advantages, Characteristics, Challenges and Opportunities of Small Business
b. Organizational overview of small business: Organizational phases of growth, differences between large and small business.
Unit 2: Entrepreneurship and Small Business success L. H. 5
a. Entrepreneurs and Entrepreneurship
b. The Characteristics of Small Business Person
c. Measuring Success in Small Business
d. Challenges and Problems in Small Business
e. Reasons for the Failure of Small Business
Unit 3: Strategy and Policy for Small Business L. H. 8
a. Meaning of Strategy and Policy
b. Strategic Planning Process
c. Major kinds of Strategy and Policies
d. Successful Implementation of Strategies
e. Strategic Planning Factors
Unit 4: Business Plan & Decision Making L. H. 6
a. Elements of a Business Plan
b. Business Plan Development
c. Concept and Types of Decision Making
d. Decision Making Process
e. The process of Setting up a Small-Scale Industry
Unit 5: Forming the Business L. H. 8
a. Concept and formation of Sole Proprietorship, Partnership, Limited and Private Limited Companies and Co-operatives
b. Ways of exploiting business ideas
c. Buying an Existing Business or Franchise: Evaluating Opportunities, Determining Business Worth
d. Starting a New Business of Franchise: Evaluating Start up Business Opportunities, Merits and Demerits of Franchises.
Unit 6: Finance for Small Business L. H. 5
a. Concepts of Capital Structure and Working Capital
b. Institutions Assisting Small Business: Advisory bodies, Government Institutions, Corporate Institutions
c. Institutional Finance for Small Business: Development Banks, Commercial Banks and Rural Development Banks
d. Problems Faced in Raising Finance
Unit 7: Small Business in Nepal L. H. 8
a. Reasons for Survival of Small Business in Nepal
b. Challenges of Small Business in Nepal
c. Over-coming Existing Problems of Small Business in Nepal
d. Role Played by Department of Industry (HMG) in fostering Small Business in Nepal.
e. Role of FNCCI
f. Industrial Enterprise Act
Suggested Readings
1. Dan Steinhoft and Tohn f. Burgess, 'Small Business Management Fundamentals', Mc Graw Hill
2. Colin Barrow, 'The Essence of Small Business', PHI, New Delhi
3. Vasant Desai, 'Management of Small Scale Industry', Himalayan Publishing House, Mumbai
4. Heinz Weihrick, Harold Koontz, 'Management a Global Perspective, Tata Mc Graw Hill
5. Industrial Enterprise Act HMG Press.