The course focuses on the process of recognizing and creating opportunities for business ventures. Students learn about planning, organizing and controlling activities involved in setting up a business. Challenges such as financing, staffing and marketing new ventures are discussed, as are government regulations. The course also deals with the problems of running a family business, working with family members, transition management and the growing of a small business. Instructions on how to create a good business plan form the practical aspect of this course.

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