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 modules

Gain insight into a topic and learn the fundamentals.

161 reviews

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

161 reviews

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

7 assignments¹

AI Graded see disclaimer

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

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.

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

6 videosTotal 29 minutes

Introduction to Company Structure2 minutes
Overview of Key Financial Statements5 minutes
The Income Statement: Terminology & Structure8 minutes
The Balance Sheet: Terminology & Structure5 minutes
The Cash Flow Statement: Terminology & Structure5 minutes
Financial Projections - Predicting the Unknown5 minutes

4 readingsTotal 40 minutes

Investopedia: Definition of Income Statement10 minutes
Investopedia: Balance Sheet Definition10 minutes
Investopedia: Definition of Cash Flow Statement10 minutes
Explore Projected Income Statements10 minutes

3 assignmentsTotal 90 minutes

Income Statements30 minutes
Balance Sheet30 minutes
Cash Flow Statement30 minutes

1 peer reviewTotal 120 minutes

Create a 1 Year Projected Income Statement120 minutes

1 discussion promptTotal 10 minutes

Proforma Challenges10 minutes

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

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Instructors

Instructor ratings

(22 ratings)

Ken Szymusiak

Michigan State University

6 Courses117,116 learners

Offered by

Michigan State University

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Reviewed on Oct 30, 2020

I give 5 star for the course. It really good course that had a good lecturer, assignment and mentor.Nice..

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Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

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