Business Fundamentals - Entrepreneurship

This entrepreneur program provides insight into the challenges and rewards of entrepreneurship. You’ll study a variety of aspects including marketing, finance and market research, along with hands-on experience with Quickbooks. You’ll also explore alternatives for starting a business, like franchising, taking over a family firm and financing. You’ll finish this entrepreneur program with a comprehensive business plan based on your own business idea.

Put your business dreams in motion with this entrepreneur program - 2022/2023

Business Fundamentals - Entrepreneurship is a one-year Ontario College Certificate program. This customized entrepreneur program is designed specifically for the novice business starter and will provide students with the knowledge required to plan, start and manage their own small business. This entrepreneur program also assists students in acquiring the skills for long-term management of the business and their development as entrepreneurs. 

It takes courage to put a business dream into practice. It also takes a plan. Under the supervision of a faculty advisor, students will undergo a unique opportunity to prepare a comprehensive business plan intended to help students launch their own business upon graduation. Banks require a business plan when considering financing, and so does a great business idea in order to succeed.

This entrepreneur program is available in a traditional in-class format with September and January admissions or as a fully online business human resources program, full-time or part-time.

 

Career Information

Fanshawe's Business Fundamentals - Entrepreneurship program provides graduates with powerful insight into the challenges and rewards of entrepreneurship. Through the knowledge attained studying various aspects of marketing, finance, market research and hands-on experience with Quickbooks, graduates will be able to jump start their own small businesses. This program also sets graduates up to pursue a LEAP Junction program at Fanshawe that supports young entrepreneurs with launching their companies. 

Did you know Fanshawe consistently ranks high in graduation employment rates among large colleges in Ontario?

Here’s an example of an employment opportunity for graduates of Fanshawe’s Business Fundamentals program:

Small Business Owner 

Create, organize and manage a small business with considerable initiative.

 

"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!"

Kelly Farrow
Graduate 2015
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 Availability

Canadian Students

Start Dates
Locations
Availability

Full Time Offerings

2022 September
London
Open

International Students

Start Dates
Locations
Availability

Full Time Offerings

2022 September
London
Open

Program Details

Program Code
ENP2

Program Coordinator:

David Moreland

Delivery
Day Time
Full-Time
Credential
Ontario College Certificate

Admission Requirements

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

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 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

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

Recommended Personal Preparation

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

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 (PLAR).  Advanced standing qualifies the applicant for direct entry to a second or higher level of the program. 
Applicant Selection Criteria

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

Tuition Summary

London

Canadian Costs
$3,369.39
Total Cost of Program
International Costs
$15,115.87
Total Cost of Program

*Total program costs are approximate, subject to change and do not include the health and dental plan fee, bus pass fee or program general expenses.

 

Courses

Level 1
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.
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