In recent years, small businesses have made a big impact on the financial industry with a number of small business outfits turning over major profits. With the advent of the internet, the ability to conduct successful small business ventures has risen significantly with small businesses now having the option of conducting lucrative business on an international level as well.
As with any venture, the key to having a successful small business venture is in understanding what small business is all about. There are numerous small business ventures opening up every day but without the proper business skills and techniques, a small business can fold very quickly.
Programs designed to train students in small business management cover subjects like understanding the Canadian business system, drawing up a business plan, understanding and determining the factors of opening a business, inventory, pricing, market resource, purchasing equipment, managing growth and human resources.
Courses also cover financial analysis, the fundamentals of accounting, working capital decisions, budgeting, internal controls, investment and financial options, marketing and sales, developing a marketing strategy, marketing theories and research, supply management, self promotion and advertising, retailing, wholesaling, client retention, client referrals and develop an understanding on how to boost sales.
Students learn about basic computer applications and business communication, creating a strategic work plan, interview skills and procedures, Employment Standards Act, employee contracts, payroll and compensation packages, performance appraisals, training and development and motivational skills.
Students grasp the importance of good customer relations, the effects of bad customer service, customer service strategies and the many ways to deal with a variety of customers. Upon a successful completion of this course, graduates can confidently embark on a small business operation of their own or join a small business as a manager.
Canadian Provinces with Career Colleges offering diplomas, programs or courses in Small Business Management and Entrepreneurship