• Overview - 2018/2019

    The Entrepreneurship program will provide insight into the challenges and rewards of entrepreneurship. You'll study aspects of marketing, finance, and market research, along with hands on experience with Quickbooks. It takes courage to put a business dream into practice. It also takes a plan. That's why you'll finish the program with a comprehensive business plan based on your business idea. Banks require a business plan when considering financing, and so does your idea if you want to succeed. You will also explore alternatives for starting a business or taking over a family firm, as well as financing options. Available in a traditional in-class format with September admission.

    Kelly Farrow
    Graduate 2015

    "Fanshawe's Entrepreneurship program gave me the confidence to succeed in opening my own business. The professors provided extraordinary support, guidance and the tools necessary to develop a complete business plan and skills that have helped my business thrive from Day 1!"

     

    Program coordinator:

    Dr. David McKenna, DPM, PMP, CSM
    Phone: 519-452-4430 x2897

  • Admission Requirements - 2018/2019

    OSSD with courses from the College (C), University (U),
    University/College (M), or Open (O) stream WITH:
    - Any Grade 12 English (C) or (U)
    - Mathematics* ONE OF:
       - Any Grade 12 Mathematics (C) or (U)
       - Any Grade 11 Mathematics (C), (U), or (M)
    (Note: a minimum final grade of 60 required for any Grade 11 Mathematics course)
    OR
    Academic and Career Entrance Certificate (ACE)
    OR
    Ontario High School Equivalency Certificate (GED) AND:
    - Mathematics* ONE OF:
       - Any Grade 12 Mathematics (C) or (U)
       - Any Grade 11 Mathematics (C), (U), or (M)
    (Note: a minimum final grade of 60 required for any Grade 11 Mathematics course)
    OR
    Mature Applicant with standing in the required courses and grade stated above

    Note:

    • *Applicants who lack the required Mathematics may still gain eligibility for admission by completing appropriate prior upgrading.

    English Language Requirements

    Applicants whose first language is not English will be required to demonstrate proficiency in English by one of the following methods:

    • A Grade 12 College Stream or University Stream English credit from an Ontario Secondary School, or equivalent, depending on the program's Admission Requirements
    • Test of English as a Foreign Language (TOEFL) test with a minimum score of 550 for the paper-based test (PBT), or 79 for the Internet-based test (iBT), with test results within the last two years
    • International English Language Testing System (IELTS) Academic test with an overall score of 6.0 with no score less than 5.5 in any of the four bands, with test results within the last two years. SDS Program Requirements. 
    • Canadian Academic English Language (CAEL) test with an overall score of 60 with no score less than 50 in any of the four bands, with test results within the last two years
    • Pearson Test of English Academic (PTE) with a minimum score of 53, with test results within the last two years
    • A Cambridge English Test (FCE/CAE/CPE) with an overall score on the Cambridge English Scale of 169 with no language skill less than 162, with test results within the last two years
    • An English Language Evaluation (ELE) at Fanshawe College with a minimum score of 70% in all sections of the test, with test results within the last two years
    • Fanshawe College ESL4/GAP5 students: Minimum grade of 80% in ESL4/GAP5 Level 8, 75% in ESL4/GAP5 Level 9, or 70% in ESL4/GAP5 Level 10

    Recommended Academic Preparation

    • Any Grade 11 or Grade 12 Business Studies (C), (M), or (O)
    • Grade 12 Business and Technological Communication (O)
    • Academic and Career Entrance Certificate (ACE): Business Mathematics course and Computer Skills course

    Recommended Personal Preparation

    • Applicants should have a sincere interest in starting a small business.

    Advanced Standing

    • Applicants may apply for advanced standing on the basis of previous academic achievement at another institution and/or prior learning assessment and recognition.  Advanced standing qualifies the applicant for direct entry to a second or higher level of the program. 

    Applicant Selection Criteria

    Where the number of eligible applicants exceeds the available spaces in the program, the Applicant Selection Criteria will be:
    1. Preference for Permanent Residents of Ontario
    2. Receipt of Application by February 1st (After this date, Fanshawe College will consider applicants on a first-come, first-served basis until the program is full)
    3. Achievement in the Admission Requirements
  • Courses

    Business Fundamentals - Entrepreneurship-2018/2019

    Level 1Credits
    Take all of the following Mandatory Courses:
    BUSI-1121Small Business Creation3
    Students will gain the principal skills to successfully start and manage a small business. Students will also gain a basic understanding of the activities and demands associated with running a small business, such as market research, legal issues, managing risk, managing people, leadership, operations management and growing a small business. Students learn problem solving and decision-making skills related to a small business. The course culminates with the students creating and presenting their business plan.
    BUSI-1122Small Business Marketing3
    This course is designed to introduce potential entrepreneurs to the field of marketing with extra attention devoted to marketing a small business. Students will learn that marketing in todays fast-paced and competitive environment encompasses a great deal more than simply advertising. A focus will be made on how to best examine and analyze market information, and then use this information to make decisions. Upon completion of the course, students will have created an entire marketing plan and will understand how it applies throughout the entire business planning process.
    FINA-1046Small Business Financial Management3
    This course is designed to provide students with a broad understanding of accounting and financial management concepts to prepare them to assume a role as an entrepreneur or general manager of a small business. As such, it focuses on recording transactions, financial statements (Cash Flow, Income Statement, Statement of Owners Equity and Balance Sheet), internal control systems and cash control, budgeting, financial analysis, and payroll.
    COMP-1332Information Management3
    An introduction to computer applications is undertaken in its relation to general business practices. Topics include an overview of information technology using computers and printers, file management, and utilizing the Internet for research. Specific applications include Microsoft OneNote, Word, Excel and PowerPoint. The contents of lessons and projects simulate situations encountered in general business processes.
    COMM-1023Business Communication3
    The course is designed to establish a foundation for business communications through the development of writing, editing, reading, and basic computer skills. The student will plan, write, edit, and format material for production of work-related communications such as emails, memos, letters, reports and presentations. Correct writing is emphasized. Research skills are also taught.
    MKTG-1028Secondary Market Research3
    This course provides an introduction to marketing research. It focuses on the collection, analysis and reporting of secondary data (data that has already been published) for planning, evaluating and improving marketing programs. Secondary data is used to answer questions about the size and segmentation of markets, competitor strategies, media effectiveness and changing customer needs. Students will be introduced to paper-based, database and Internet sources of marketing data and information and will complete a research project.

    Level 2Credits
    Take all of the following Mandatory Courses:
    BUSI-3013Small Business Entrepreneurship3
    Should you become a small business owner? Want to know how small business can compete effectively in today's marketplace? Examine the business environment and the risks and rewards of ownership by participating in panel discussions and interviews with successful small business owners, plus explore ideas that can make your small business more competitive. You get the benefit of years of experience and new insights for success.
    BUSI-3026Business Planning Workshop3
    This is a capstone course where students work closely with faculty advisors to turn a business idea into a business reality by creating a comprehensive and viable business plan. Students will continue the evolution of their business plan produced in BUSI-1121, Small Business Creation. The course introduces the students to financial aspects of a sound business plan by calculating critical cost, creating financial statements and determining cash flow implications to a small business. Students will learn to present and defend their business plan to financiers and prospective partners. Upon successful completion of the course, the students will have created a business plan that is ready to implement and will have turned an idea into a potential business reality.
    MGMT-3053Supervisory Management3
    In this course students will have a clear understanding of the management skills needed by first line supervisors and small business owners with employees. Topics include: staffing, performance management, current workplace legislation, orientation and training, conflict, diversity, termination, and personal development of supervisory skills.
    MKTG-3007Selling Fundamentals4
    A course to demonstrate skills of selling such as: awareness of buyer behaviour, ability to organize an effective sales presentation, ability to present an effective sales presentation and comprehension of skills and attitudes essential to the successful salesperson.
    ACCT-1069Quickbooks3
    QuickBooks is designed for the small to midsized business owner. Learn how this program can make it a snap to set up a chart of accounts, create and print invoices, receipts, and statements, track your receivables, payables, and inventory, and generate reports.
    BUSI-1120Small Business Legal Issues3
    This course examines the legal issues of concern to the small business owner who conducts business in Canada. Topics include legal forms of business ownership (sole proprietorships, partnerships, and corporations), government assistance, contracts, intellectual property (patents, copyrights, trademarks), municipal/provincial/federal licensing and regulatory requirements, taxation, and risk management (insurance and workplace health & safety).

    Program Residency
    Students Must Complete a Minimum of 10 credits in this
    program at Fanshawe College to meet the Program Residency
    requirement and graduate from this program

  • Careers - 2018/2019

    Career Opportunities

    Graduates may immediately pursue their own business venture as a new start-up, as a franchisee/franshisor, or may purchase an existing business.  They may instead begin their business career working in a small business and apply their entrepreneurial skills in various ways, including sales, operations and management.  The range of sectors for graduates will span retail, construction, real estate sales and property management, manufacturing and agribusiness.
  • More Information - 2018/2019

    A One-Year Ontario College Certificate Program
    Program Code: ENP2
    Campus Code: LC (LC - London)
    September Admission
    15 week terms
    Academic Calendars available at
    www.fanshawec.ca/academicdates

    Contact

    Lawrence Kinlin School of Business: 519-452-4290

    Program Description

    Business Fundamentals - Entrepreneurship is a one-year Ontario College Certificate program.  This customized program is designed specifically for the novice entrepreneur and will provide graduates with the knowledge required to plan, start and manage their own small business.  Through the program curriculum, students explore alternatives for starting a business, such as franchising and taking over the family firm, as well as financing options.  The Business Fundamentals -Entrepreneurship program gives students insight into the challenges and rewards of entrepreneurship and assist students in acquiring the skills for long-term management of the business and their development as entrepreneurs.  Under the supervision of a faculty advisor, students prepare a comprehensive business plan intended to help students launch their own business upon graduation.

    Learning Outcomes 

    The graduate has reliably demonstrated the ability to

    1. identify factors that have an impact on an organization's business opportunities.
    2. explain the impact of corporate sustainability, corporate social responsibility and ethics on an organization's business initiatives.
    3. use current technologies to support an organization's business initiatives.
    4. apply basic research skills to support business decision making.
    5. perform basic accounting procedures and financial calculations to support the operations of an organization.
    6. describe marketing and sales concepts used to support the operations of an organization.
    7. develop strategies for ongoing personal and professional development to enhance work performance.
    8. outline the functional areas of a business and their inter-relationships.
    9. create a business plan that meets the comprehensive information requirements of the business and its prospective financiers and partners.
    10. apply credit acquisition and management techniques appropriate to small business enterprises.
    11. evaluate the business environment to understand the risks and opportunities specific to business ownership.

    Program Pathways

    For information about Program Pathways visit www.fanshawec.ca/programpathways.
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