Course Outline

BizInnovator

VIRTUAL BUSINESS:  RETAILING 3.0
(Computer Simulation)

Units

ENTREPRENEURSHIP:  IDEAS IN ACTION
(Textbook)

Chapters

 

Virtual Business:  Retailing 3.0 - Unit Objectives

 

Virtual Business:  Retailing 3.0 - Unit Objectives

 

[1] Should You Become an Entrepreneur?

  • Entrepreneurs:  Past and Present
  • Is Entrepreneurship Right for You?
  • Identify Business Opportunities and Set Goals

The Entrepreneur in You?

Entrepreneurship Test (What is Your Entrepreneurial Type?)

Do You Want to Be an Entrepreneur? [tutorial]

What Makes An Entrepreneur? [Dave Thomas/Wendy's]

PowerPoint:  Should You Become an Entrepreneur?

 

[2] What Skills Do Entrepreneurs Need?

  • Communication Skills
  • Math Skills
  • Problem-Solving Skills

'Segway' to the Future

PowerPoint:  What Skills Do Entrepreneurs Need?

Assessing Your Social Intelligence

 

[3] Entrepreneurs in a Market Economy

  • What Is an Economy?
  • The Concept of Cost
  • Government in a Market Economy

PowerPoint:  Entrepreneurs in a Market Economy?

 

[4] Select a Type of Ownership

  • Run an Existing Business
  • Own a Franchise or Start a Business
  • Choose the Legal Form of Your Business

PowerPoint:  Select a Type of Ownership

   
[0] Tutorial:  Basics, Reports

 

[1] Pricing

 

[2] Purchasing

 

[3] Staffing

[10] Hire and Manage a Staff

  • Hire Employees
  • Create a Compensation Package
  • Manage Your Staff

PowerPoint:  Hire and Manage a Staff

[4] Promotion

 

[5] Financing

[7] Finance, Protect, and Insure Your Business

  • Put Together a Financial Plan
  • Obtain Financing for Your Business
  • Protect Your Business
  • Insure Your Business

PowerPoint:  Finance, Protect, and Insure Your Business

[6] Market Research

[6] Identify and Meet a Market Need

  • The Value of Market Research
  • How to Perform Market Research
  • Identify Your Competition

PowerPoint:  Identify and Meet a Market Need

[7] Targeted Marketing

[9] Market Your Business

  • The Marketing Mix--Product, Distribution, Price
  • The Marketing Mix--Promotion
  • Set Marketing Goals

PowerPoint:  Market Your Business

[8] Merchandising

 

[9] Security

 

[10] Location Selection

[8] Choose Your Location and Set Up for Business

  • Choose a Retail Business Location
  • Choose a Location for a Nonretail Business
  • Obtain Space and Design the Physical Layout
  • Purchase Equipment, Supplies, and Inventory

PowerPoint:  Choose Your Location and Set Up for Business

[11] Advanced Promotion

 

[12] Advanced Merchandising

 

[13] Risks and Surprises

 

[14] Supply and Demand

 

[15] Financial Statements

[11] Record-Keeping and Accounting

  • Set Up a Record-Keeping System
  • Understand Basic Accounting
  • Track Your Inventory

PowerPoint:  Record-Keeping and Accounting


[12] Financial Management

  • Manage Your Cash Flow
  • Analyze Your Financial Performance
  • Hire Experts

PowerPoint:  Financial Management

[16] Analyzing the Competition

 

[17] Business Plan Analysis

 

[5] Develop a Business Plan

  • Why Do You Need a Business Plan?
  • What Goes into a Business Plan?
  • Create an Effective Business Plan

PowerPoint:  Develop a Business Plan

[18] Turnaround

 

[NSP1] New Store Project:  Level 1, 2, 3

 

[MP] Multiplayer Competition

 
 

[13] Use Technology

  • Technology and Your Business
  • Learn about the Internet
  • Purchase Technology

PowerPoint:  Use Technology

 

[14] Meet Your Legal, Ethical, and Social Obligations

  • Understand Your Legal Requirements
  • Ethical Issues in Business
  • Meet Your Social Responsibilities

PowerPoint:  Meet Your Legal, Ethical, and Social Obligations

 

[15] Growth in Today’s Marketplace

  • Develop a Strategy for Growth
  • Global Trends and Opportunities
  • Culture and Business

PowerPoint:  Growth in Today's Marketplace