Finding A Niche
This clip explains that a business idea will generally not lead to a successful business venture unless it stands out from the competition.
Social Responsibility Case Study: "The Little Red Schoolhouse"
This clip profiles "The Little Red Schoolhouse" and the efforts of its owner to improve conditions in the school's community.
Important Financial Documents
This clip looks at the fundamental financial documents every company needs, including the balance sheet, income statement and statement of cash flow.
Planning
This clip explores the management function known as planning. The clip explains that it is important to establish clear goals and forecast trends and events in order to make good decisions. Nonetheless, the clip notes, planning is often neglected in...
Balance and Satisfaction
This clip talks about the value of maintaining balance in ones' life, even while putting tremendous energy into running a small business. It also looks at the importance of being flexible and open to change.
Who Utilizes Financial Information?
This clip notes that, while the business owner obviously has a vested interest in keeping track of the company's finances, there are other parties who may also need to know about the firm's financial condition. Examples include banks, vendors, suppl...
Capital Budgeting
This clip focuses on capital budgeting, which is the process by which the long-term investment of available capital funds is planned.
Buying a Firm: Due Diligence
This clip explains that, while purchasing a business can be a great opportunity, there may be problems lurking beneath the surface. For any prospective buyer, it's a good idea to do a thorough analysis of the company's financial and legal records, i...
Buying Into a Franchise: Doing Your Homework
This clip explores the sources entrepreneurs can utilize to locate a franchise that meets their needs. It adds that the most comprehensive source of information is the documentation franchisors are required by law to give to all prospective franchis...
Buying a Firm or Starting Your Own
This clip explores the pros and cons of starting a business vs. buying an existing firm.