Just like when building a house the foundation for your business provides the framework for success. A business built on weak structure will struggle to succeed. We'll address some of the most pressing issues that you as a business owner must face while constructing the proper framework for your business.
Structure: Building the Frame for Business Growth
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Structure: Building the Frame for Business Growth
This course is part of How to Start Your Own Business Specialization
Instructors: Ken Szymusiak
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4.8
(150 reviews)
9 hours to complete
3 weeks at 3 hours a week
Flexible schedule
Learn at your own pace
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Assessments
7 assignments
Taught in English
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This course is part of the How to Start Your Own Business Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 4 modules in this course
Great companies are built upon great structures. We believe this structure is comprised of four critically important components: 1.) Development of your financial statements. 2.) Creating your legal entity. 3.) Protecting your intellectual property. 4.) Building your team. In Module 1, the learner will receive an introduction to the basics of the three financial statements: Income Statement, Balance Sheet and Statement of Cash Flows. By the end of this module you should be able to recognize the differences between each financial statement and understand the role they play in assessing the performance of your company. To close out the module you will be challenged to develop your first projected income statement for your business concept.
What's included
6 videos4 readings3 assignments1 peer review1 discussion prompt
By the end of this module, you will be able to explain the difference between C-Corps and LLC entities. You will also be able to use this understanding in order to establish your own business entity.
What's included
2 videos1 assignment1 peer review1 discussion prompt
Intellectual property is an often misunderstood component of business success. By the end of this module you will have an understanding for the basic forms of intellectual property protection and the role each one may play in the development of your small business.
What's included
4 videos3 assignments1 discussion prompt
Who you surround yourself with as you launch your venture will have an enormous impact on whether or not you succeed or fail. In this module we cover why team matters and how to recruit the right people to join your cause. By the end of this module you should have a feel for the characteristics of people that would be a good fit for your team and you will put your skills to the test by developing a staffing plan for you venture.
What's included
3 videos1 reading1 peer review1 discussion prompt
Instructors
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4.6 (18 ratings)Offered by
Recommended if you're interested in Entrepreneurship
Northeastern University
IE Business School
University of Michigan
University of Maryland, College Park
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