Course: Certificate in Small Business Management (NC-MEDGSMBUSMG-CERT)
Owning or managing a small business has a lot of benefits. Small business owners may have the freedom to control their schedules, be able to focus on work that they find fulfilling, and find opportunities to positively impact their communities. But in addition to benefits like these, small business management brings with it some unique challenges. Owners of small businesses often play many roles and must have a wide body of knowledge. In a single day, a small business owner may be required to do any number of varied tasks, like approve a project plan budget, train a new employee, and develop a marketing campaign. This certificate will provide students with a fundamental understanding of the most critical areas in small business management.
Course Outcomes
- Understand the definition of percentage
- Apply concepts of percentages to perform related calculations
- Calculate averages related to retail businesses
- Calculate markup percentages and profit margins for products
- Calculate the retail price for a product using markup percentage and profit margin
- Define several key retail metrics related to inventory, customers, and employees
- Calculate several key retail metrics related to inventory, customers, and employees
- Apply break-even analysis to retail situations
Notes