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  • BUS503: Foundations of Entrepreneurship
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    COURSE INTRODUCTION
    Course Syllabus
    Unit 1: Elements of Entrepreneurship
    Unit 1 Learning Outcomes
    1.1: The History of Small Business and Entrepreneurship
    What Is Entrepreneurship?
    Definition of Entrepreneurship
    Small Business in U.S. History
    Introduction to Entrepreneurship
    1.2: Types of Entrepreneurship
    Nine Key Frameworks for Entrepreneurship
    Entrepreneurship Is…
    Entrepreneurs vs. Intrapreneurs
    Entrepreneurial Thought Leaders Seminar
    1.3: Characteristics of a Successful Entrepreneur
    An Entrepreneurial Model
    Entrepreneur Assessment Survey
    What Makes Someone an Entrepreneur?
    Why Become an Entrepreneur?
    Principles of Entrepreneurship
    The Drive of an Entrepreneur
    Entrepreneurship Myths
    1.4: Business Considerations
    What Legal Entity Is Right for Your Business?
    What is Intellectual Property?
    1.5: Business Ethics
    Business Ethics in a Nutshell
    Understanding Business Ethics
    Managing a Socially Responsible Business
    Trends in Ethics and Corporate Social Responsibility
    Unit 1 Assessment
    Unit 1 Assessment
    Unit 2: Building the Right Team
    Unit 2 Learning Outcomes
    2.1: The Management Team
    Building a Team
    Who Are Managers?
    Leadership, Entrepreneurship, and Strategy
    Leadership Styles
    Emotional Intelligence
    Succession Planning
    2.2: Board of Advisors
    Boards of Advisors in Small Businesses
    2.3: Hiring A-Players
    Hiring Your First Employee
    Hiring the Right People
    2.4: Recruitment, Selection, and Staff Development
    Recruiting Workers
    Selecting and Managing Your Team: Employee Training
    2.5: Team-Building and Group Dynamics
    Managing Groups and Teams
    Team-Building
    2.6: Conflict Resolution
    Conflict and Negotiations
    Unit 2 Assessment
    Unit 2 Assessment
    Unit 3: The Business Plan
    Unit 3 Learning Outcomes
    3.1: Business Planning
    Creating a Business Plan
    Developing a Business Plan
    3.2: How to Write a Great Business Plan
    Due Diligence
    How to Write a Business Plan
    Ten Dos and Don'ts of Writing a Business Plan
    3.3: The Outline for a Business Plan
    Small Business Plan Outline
    Operations
    Business Plan Template
    3.4: Sections of a Business Plan
    How to Write an Executive Summary
    Company Mission and Description
    Simple Mission Statements
    Products and Services
    Marketing Strategy
    Management and Leadership
    Financial Statements
    3.5: The Franchise Route
    Franchising
    Disadvantages of Franchises
    Advantages of Franchises
    Franchising: A Popular Trend
    Unit 3 Assessment
    Unit 3 Assessment
    Unit 4: Marketing Strategy
    Unit 4 Learning Outcomes
    4.1: What Is Marketing and Market Research
    What Is Marketing?
    General Economic Conditions
    The Product Life Cycle
    4.2: Market Research
    Marketing Research and Market Intelligence
    Is Your Business Doing Effective Market Research?
    Demographics
    Political Environment
    Applicable Legislation
    Cultural Values
    Primary and Secondary Research
    4.3: Target Market and Segmentation
    Defining the Target Market
    Market Segmenting, Targeting, and Positioning
    Developing a Market Segmentation
    Adding Products and Services
    4.4: Competition
    Competition
    Competitive Perceptual Positioning – Perceptual Mapping
    Conducting a Situational Analysis
    4.5: Pricing
    Pricing
    4.6: Promotion
    Defining Promotion
    The Many Goals of Persuasion
    4.7: Distribution
    Marketing Channel Strategies
    Customer Relationships and Selling Strategies
    4.8: Niche Marketing
    Selecting a Target Market
    Selecting Target Markets and Target-Market Strategies
    4.9: The Marketing Plan
    The Purpose of a Marketing Plan
    The Marketing Plan
    Elements of a Marketing Plan
    Marketing Plan Discussion
    Unit 4 Assessment
    Unit 4 Assessment
    Unit 5: Financing the New Venture
    Unit 5 Learning Outcomes
    5.1: Financing Fundamentals
    Financial Statements
    Standardizing Financial Statements
    Break-Even Analysis
    Financing Check
    5.2: Sources of Financing
    Financing Entrepreneurship
    Sources of Financing
    Financing Company Operations
    Special Funding Strategies
    5.3: Funding Types
    Banks
    Venture Capital
    Government Funding
    Barter
    Customer Financing
    Crowdfunding
    SBIR and STTR Grants
    Angel Investors
    5.4: Managing Growth
    Organizational Growth Strategies
    5.5: Exit Strategy
    Exit Strategies
    Strategies for Exiting Your Business
    Unit 5 Assessment
    Unit 5 Assessment
    Study Guide
    BUS503 Study Guide
    Certificate Final Exam
    BUS503: Certificate Final Exam
    Course Feedback Survey
    Course Feedback Survey
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  1. BUS503: Foundations of Entrepreneurship
  2. Unit 5: Financing the New Venture
  3. 5.3: Funding Types
  4. Government Funding

Government Funding

Completion requirements

Take some time to read this page and explore the application forms. On this page, the Small Business Administration clarifies the federal government's approach to grant financing. It is important to note that all grants issued have many reporting and compliance requirements. What does this means to someone seeking a grant? There will be a great deal of paperwork associated with obtaining the grant. Follow-up paperwork will provide insight into using the grant money. These requirements are in place because taxpayer dollars fund government grants. The federal government provides resources for individual states so that they may provide more specialized assistance to individuals within their respective states. Each state has its own small business division, and its name will vary by state.


Source: U.S. Small Business Administration
Public Domain Mark This work is in the Public Domain.

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Saylor Academy © 2010-2025 except as otherwise noted. Excluding course final exams, content authored by Saylor Academy is available under a Creative Commons Attribution 3.0 Unported license. Third-party materials are the copyright of their respective owners and shared under various licenses. See detailed licensing information. Saylor Academy®, Saylor.org®, and Harnessing Technology to Make Education Free® are trade names of the Constitution Foundation, a 501(c)(3) organization through which our educational activities are conducted.