Entrepreneurship and Small Business Development notes – University notes

ENTREPRENEURSHIP AND SMALL BUSINESS DEVELOPMENT

Subject content

THE NATURE OF ENTREPRENEURSHIP

  • Introduction
  • The evolution of Entrepreneurship
  • Definition of Entrepreneurship
  • Entrepreneur
  • Characteristics of Entrepreneurs
  • Types of Entrepreneurs
  • Entrepreneurship versus Corporate Management
  • Risk Management versus Risk Minimization
  • Opportunity Driven versus Resource Driven
  • Action versus Analysis
  • Lean Management Team versus Personnel Heavy
  • Intrapreneurship: The corporate compromise
  • The Benefits of Entrepreneurship
  • Activity
  • Summary
  • Review Questions

THE CONCEPT OF SMALL FIRMS

  • Definition of small firms
  • Why the link between Entrepreneurship and Small Business
  • Entrepreneurship and Small-Scale Enterprise Development in Kenya
  • A Historical perspective
  • The Role of the Small Business in Entrepreneurship Development
  • The Relationship between Big Businesses and Small Businesses
  • Roles of Small business in the economy
  • Economic roles
  • Social roles
  • Political Roles
  • Activity
  • Summary
  • Review Question

CHALLENGES AND PROBLEMS OF SMALL FIRMS

  • Introduction
  • Business Failure
  • Financial limitations
  • Weaknesses in entrepreneurial or managerial functions
  • Inaccessibility to markets
  • Limited knowledge of Production and Technology
  • Inaccessibility to Information
  • Unsupportive Policies and Regulations
  • Possible Interventions
  • Comprehensive Management Development
  • Finance and Credit Facilities
  • Developing Markets and Marketing Opportunities
  • Technology Upgrading
  • Promotion of Inter-firm Cooperation and Networking
  • Integrated Sector Specific Approaches
  • Summary
  • Review Question

MANAGING ENTREPRENEURIAL GROWTH

  • Stages of Development
  • New-Venture Development/Pre-start-up
  • Start-Up Activities
  • Growth Stage
  • Needs at the First Stage of Growth
  • Needs For second Stage Growth
  • Stabilization of the Business
  • Innovation or Decline
  • Summary

SOURCES OF CAPITAL FOR ENTREPRENEURS

  • The Need for Financing
  • Debt versus Equity Financing
  • Equity Financing
  • Personal Funds
  • Friends and Family
  • Informal Investors
  • Venture Capital Firms
  • Investment Bankers
  • Public offering
  • Debt Financing
  • Borrowings from Friends and Family
  • Commercial Banks
  • Co-operative societies
  • Life Insurance Policies
  • Savings and loan Institutions
  • Government Agencies
  • Small Business Administration
  • Other Capital Sources
  • Suppliers Capital/Trade Credit
  • Customer Capital
  • Internal Cash Management
  • Account receivable financing
  • Matching Financing to Venture Development
  • Stage of Development
  • Growth Rates
  • Summary
  • Activity
  • Discussion Questions

ROLE OF ENTREPRENEURSHIP IN SMALL BUSINESS MANAGEMENT

  • Introduction
  • Competences of Entrepreneurs
  • Business Planning
  • Components of a Business plan
  • Risk-taking
  • Role of risk in Enterprise development
  • Managing risks
  • Decision Making
  • Factors affecting entrepreneur’s decision-making
  • Leadership
  • Role of leadership in enterprise management
  • Time Management
  • Basic Principles of Time Management
  • Benefits of Time Management
  • Instituting and adopting to change
  • Franchising

POLICY FRAMEWORK FOR SMALL ENTERPRISE DEVELOPMENT

  • Introduction
  • Government Policies
  • Summary
  • Review Questions

CASE STUDIES

  • Introduction
  • CASE A
  • Keeping Things Going
  • Questions
  • Questions
  • CASE C
  • Nothing unique to offer
  • Questions
  • CASE D
  • Questions

0 Replies to “Entrepreneurship and Small Business Development notes – University notes”

Leave a Reply

Your email address will not be published. Required fields are marked *