Course ID: | TXMI 5280. 4 hours. |
Course Title: | Retail Entrepreneurship |
Course Description: | Targeted to students interested in creating and growing their own
retail business. This course is approached from a business
perspective by combining the practical realities of creating and
running a retail business through the operation of Couture a la
Cart with the imaginative process that only successful
entrepreneurs can cultivate. |
Oasis Title: | Retail Entrepreneurship |
Pre or Corequisite: | TXMI 5240/7240 or TXMI 5240E/7240E or TXMI 5250 |
Semester Course Offered: | Offered spring semester every year. |
Grading System: | A-F (Traditional) |
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Course Objectives: | 1. Become prepared to open a small business and maintain
financial success through smart planning, research, and creative
merchandising techniques.
2. Develop and sustain a small business retail concept, Couture
a la Cart, implemented in a mobile retail lab on the
University's campus (NOTE: This mobile lab has been approved by
UGA Auxiliary Services).
3. Gain first-hand experience developing a business plan with
the following topics: location analysis, evaluating
competition, consumers and loyalty, managing inventory and cash
flow, merchandising buying, and planning.
4. Build confidence to create. The course will encourage
students to take risks and possibly make mistakes in the search
for innovative ideas. Students will problem solve and critically
analyze opportunities in the market place.
5. Identify entrepreneurial opportunities from emerging trends
occurring in business practices.
6. Identify regulations impacting the future of small business
and become familiar with the local resources supporting
entrepreneurial endeavors.
7. Compare the successes and challenges of past iterations of
CALC and create a plan for future success as a business owner
by setting realistic goals. |
Topical Outline: | 1. Introduction to Entrepreneurship and Local Small Business
Owners
2. Analyzing the Product
3. Researching the Industry, Regional and Local Market
4. Strategic Planning from Entry to Exit
5. Location Analysis
6. Online Retailing and Entrepreneurship
7. Strategies for Penetrating the Market
8. Merchandise Planning and Buying
9. Selecting a Business Entity
10. Understanding the Financial Plans
11. Developing and Operating Control Systems
12. Planning Growth Strategies |