Students Develop Business Skills for Success with a Bachelor Business Management Degree

Proper management skills are essential to surviving the most vulnerable times of a new business’s evolution. Bachelor business management degree students learn tools such as:

• Critical thinking skills from bachelor business management degree professionals.
• Communications techniques from experienced bachelor business management degree workers.
• Technical competencies from bachelor business management degree professors.
• Efficient management practices from bachelor business management degree case studies.

Bachelor Business Management Degree Specialties Allow Students to Personalize Their Educations

The U.S. Census Bureau reports that over 17. million U.S. small businesses were in operation in 2002. No one bachelor business management degree curriculum could possibly cover the needs of such a large population. Consequently, some Universities offer 4 unique programs, including:

• Bachelor Business Management Degree with an E-Business Emphasis.
• Bachelor Business Management Degree with a Health Care Management Emphasis.
• Bachelor Business Management Degree with a Human Resource Management Emphasis.
• Bachelor Business Management Degree with a Sales and Marketing Emphasis.

Starting a small business often involves taking risks associated with personal money, security, and ideas. With a bachelor business management degree, entrepreneurs build a strong foundation that encourages business success.

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In addition to awarding funds to various community programs, the Small Business Administration offers free seminars and workshops in business development and business-plan writing, as well as links to additional business support resources in all 50 states. The services offered by the Small Business Administration foster economic growth and community development.

The Small Business Administration celebrates the small businesses that have grown into household names with their assistance. Their website details  businesses that have enjoyed great success with the help of local SBA branches. Headworks, Inc., is a water screening company with equipment in over twenty countries that received counseling and guaranteed loans through the SBA. The Small Business Administration is also responsible for the growth of Muniz Engineering, a company that joined the SBA’s 8(a) program for the socially and economically disadvantaged, and now has over 30 government contracts.

Although not all branches of the Small Business Administration does not provide grants for start-up and existing businesses, it does provide a referrals to agencies  that aid those seeking financial backing such as SCORE (Service Corps of Retired Engineers) and the SBDC (Small Business Development Center).

The SBDC has provided thousands of hours in free training and consultation, almost half of which were women and minorities. These services linked to the SBA create and save jobs, assist in locating contracts, aid in developing marketing strategies, obtain financing information, provide education of exporting, help to commercialize innovative technologies, and broaden business knowledge and efficiencies. The Small Business Administration also provides links and referrals to the United States Export Assistance Center and the Women’s Business Center, both of which provide free business counseling and training to entrepreneurs at all levels of business development as well as research and other specialized assistance.

Local branches of the Small Business Administration work with hundreds of lenders. They have district and regional offices all over the United States.

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Grants offered by the United States Small Business Administration are awarded according to purpose and the estimated need of the specific state and population. The application process, requirements, and award process are dependent upon the grant and the agency awarding the grant. Qualifications and requirements are very specific according to the individual grant, so it is advised that extensive research be done before applying for a federal grant. The Small Business Administration offers free counseling and preparation services as well as links to resources that match grant seekers with prospective grant makers. The SBA website contains all of the information needed for research and referrals including links to other grant assistance organizations such as the SBA’s Women’s Business Center, the Department of Commerce, and the Catalog of Domestic Federal Assistance (CDFA).

Programs that have been allocated to award funds are many and include the Department of Health and Human Resources, the Department of Justice, the Office of Rural Health Policy, the Department of Labor, the Department of Transportation, Housing and Urban Development, the National Cancer Institute, the National Endowment for the Humanities, the National Oceanic and Atmospheric Administration, the National Marine Fisheries Service, the National Parks Service, the Office of Naval Research, and the Social Security Administration, among others.

The Small Business Administration provides links to grants awarded by several other agencies. For example, the United States Department of Labor Employment and Training Administration is responsible for ensuring the quality of America’s workplace and offers Formula and Competitively Funded grants. Formula funded grants are awarded according to factors such as population, unemployment rate, and income. Competitively Funded Grants are awarded according the purpose of a specific project. As with all other awards, organizations seeking funding must illustrate how these funds will be distributed and how they will be targeted to a specific population. These programs have annual allotments specifically distributed to specific populations such as adults, youth, and dislocated workers. Within these specifications, funds are then allocated to such purposes as Alien Labor Certification, Migrant and Seasonal Farm workers Program, Youth Offenders, Incumbent Workers Program, Minority Colleges Involvement, and Disability Groups.

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Small businesses carry much of the employment burden without the benefits that larger corporations enjoy. They employ over half of the adult workforce in the United States. Recognizing the important contributions of small businesses, Congress established the US Small Business Administration in 1953 to give small businesses visibility in the marketplace and to promote fair and equitable competition in the business world. Today, the US Small Business Administration is an independent federal agency dedicated to addressing small business concerns, offering forms and publications, advice, and tips to help individuals contemplating starting up their own businesses succeed and grow.

As part of its goal to educate small business owners about the art of running a business, the US Small Business Administration maintains a training network through its Office of Entrepreneurial Development. Free online courses are offered in the following subjects:

Starting a business Managing a business Business planning tools Contracting with governmental agencies Risk management and security E-Commerce Financial management Training in understanding tax laws and regulations Marketing tools International trade topics

Among its more popular course offerings is the online class in Entrepreneurship: Starting and Managing Your Own Business.

The US Small Business Administration also sponsors national training events. These training events are taught by business professionals and offer young start-ups tips on such subjects as the following:

Devising the business plan Enacting e-commerce Driving sales through effective marketing Caring and growing a business Tax planning workshops Negotiation strategies

Information and registration at these training events are accessible through the US Small Business Administration’s training website.

Part of running a successful business requires an awareness of the regulations and policies affecting businesses. The US Small Business Administration provides business owners with regular postings of regulatory alerts, press releases, economic profiles, and new reports issued by Congress. Businesses can use the online law library to access forms, records, procedures, reports, and studies covering various aspects of small business administration.

If business owners aren’t clear about the applicability of specific rules and regulations as it relates to their business, they are free to step into a SBA field office to seek assistance from other local resources and counseling in the community. Each SBA field office features a program that offers information about starting businesses through the Service Corps of Retired Executives (SCORE) or the Small Business Development Center (SBDC). Information about disaster assistance, loans and financing a small business are also available at each field office.

Starting a business doesn’t have to be a lonely endeavor. Take advantage of the resources the US Small Business Administration has to offer, and take the start-up to the next level!

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A great business plan is essential in presenting your idea to the business world and a necessity to any company seeking outside funding. Contrary to most notions, a business plan will never be a completed work, but rather a continual work in progress that requires constant renewal depending on industry trends, market research, and your company’s goals, objectives, and growth. The United States Small Business Administration has a website that provides valuable guidance in developing a business plan and covers the Business Plan Basics as well as writing and using the plan. The SBA’s Business Plan Basics outlines the highlights of your business and helps identify company goals and objectives. The SBA illustrates that a business plan must indicate what sets your company and it’s services apart from others, how your company plans to repay loans/grants, handle unforeseen circumstances, reach it’s potential customers, and market it’s products and services.

The Small Business Administration provides a comprehensive outline for writing a business plan and details it’s contents. A well-written business plan will first contain the basic cover sheet with contact information, followed by a Table of Contents and an Executive Summary. According to the Small Business Administration, your business plan must then contain a detailed description of the business, including it’s financial setup and owners, the status and stage of the business (new, existing, purchase, etc.), the type of business, a description of it’s products and services, and it’s long and short-term goals. Management must then be introduced and its principal employees identified, including any consultants utilized by the business. This should be followed by a Marketing overview including an explanation of your market analysis and strategy, the competition, and company location. Perhaps the most difficult of sections is the financial section of the business plan which, according the Small Business Administration, includes a summary of the financial needs, a Profit and Loss Statement, and a Balance Sheet. Finally, the supporting documents must be attached including personal resumes, owner’s financial statements, credit reports, letters of reference, copies of lease agreements and mortgages, contracts, and taxes.

The task preparing a business plan from scratch can seem daunting at first sight, but the Small Business Administration provides enough resources to remove much of the anxiety behind the job. In addition to it’s own resources for business plan writing, the Small Business Administration offers links to additional offices that offer writing assistance, counseling, and free workshops and seminars. These include SCORE (Service Corps of Retired Engineers), SBIR (Small Business Innovation Research), links to it’s own regional and district offices.

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