Allied Schools  Small Business Management

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FAQs

Q: Who will benefit from Allied's Introduction to the Principles of Small Business Management Course?

A: People attempting to start a new business, those attempting to improve and gain focus for their current business, managers attempting to increase productivity in their departments, and those who want to become managers. Anyone who needs to improve their planning and analyzing skills can benefit by taking Allied's course.

Q: Why does a new business need a business plan?

A: More than half of all small businesses fail within the first three years. Running a business takes hard work, intelligence, money, and a business plan. The business world is complex, if you don't have a strategy for success and a plan for unexpected failures, you could face severe challenges.

Q: Aren't business plans just for bankers? Why should I have one if I don't need to borrow money?

A: No! Business plans are decision making tools for management to chart a course through uncertainty. The real value of a business plan is to force management to focus on the direction and goals of the firm and ways to meet those goals. Granted, bankers and investors like to see business plans, but they also like to view that plan as a tool by which to evaluate management. Similarly, management needs to use its business plan as a tool of self evaluation.

Q: What events trigger the need for a business plan?

A: A business plan should be created if you are considering any of the following events:

  • you want to open a new business
  • your business has grown
  • you want to introduce a new product
  • you want to enter a new market
  • you want to acquire a new business or a franchise

Q: Why should I take a distance education course instead of a live class?

A: Distance learning allows you to take the class when YOU HAVE THE TIME! You don't need to rush home after a hard day's work to get to a classroom. With Allied's distance education courses you don't need to worry about parking, babysitters, extra gas, and hours of wasted time. You may take up to a year to complete the course in your spare time. Allied's trained career counselors and student service department are always available. Help is only a phone call away, whenever you need it!

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