Metropolitan State University

ENTR 497 : Writing a Business Plan

A. Course Description
Credits: 2
Prerequisites: ENTR 400 Entrepreneurial Mindset in a Diverse World AND
ENTR 490 Entrepreneurship and Venture Creation  
Lab Hours/ Weeks: Corequisites: None
Lecture Hours/ Week :  
MnTC Goals: None
Writing a Business Plan provides students with practical knowledge and skills needed to write a business plan for a new business idea. Students will be able to deepen their understanding of the steps to creating a business and determine the resources needed to minimize risk and enhance the probability of creating a successful and sustainable business. Students have the opportunity to develop analytical/critical thinking and research skills through the completion of a business plan for their own business idea.
B. Course Effective Dates: 05/05/2015 - Present
C. Outline of Major Content Areas:
See Course Description for major content areas.
D. Learning Outcomes (General)
  1. Apply appropriate qualitative and quantitative approaches to research the requirements for starting a specific business.
  2. Create a clear Concept Summary of a new business idea and present it in both written and oral form.
  3. Complete a Competitor Analysis for a new business idea
  4. Complete Resource Analysis to determine startup costs and operational expenses
  5. Complete a Sales Forecast and Profitability Analysis
  6. Determine funding requirements for a new business and identify funding sources
  7. Create a Business Plan for a new business
E. Learning Outcomes (MN Transfer Curriculum)
This contains no goal areas.
G. Special Information