BIT1105 Entrepreneurship and Business

This course offers an overview of the entrepreneurial process. Students will develop a business plan using their own business idea. They will learn skills and characteristics of successful entrepreneurs, techniques for evaluating business opportunities, planning tools, selling and marketing basics, financial analysis, record keeping, laws and regulations of Uganda, and step by step procedures for starting a small business.

Course Objectives
The objectives of this course are to:

• Identify the talents and skills required to become a successful entrepreneur.
• Describe the various types of business opportunities and successful entry strategies
• Specify the various steps employed in starting a business in Uganda
• Identify sources of information and assistance available to those who desire to start their Own business
• Analyze and research how a selected business markets and sells its products
• Prepare a report summarizing the findings of this analysis and research
• Provide a general company description for the student’s start-up business
• Identify products and services which will be offered in the start-up business
• Outline the components of a business plan including marketing, operations, finances, and management and organization
• Be able to use the business plan as an integral tool in small business management.

Expected Learning Outcomes
On completion of this course unit, the students will be able to:

• Describe the Ugandan business environment with respect to owning and operating a small business
• Compare advantages and disadvantages of different types of business start-up and purchase opportunities
• Conduct research and field work to determine viability of a business idea
• Perform a competitive analysis within a selected industry
• Develop and present a detailed business plan including market and legal analysis financial requirements, facilities and management plans and promotional strategies and
• Determine social and ethical responsibility