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•  Introduction to Small business Management  Advantages and disadvantages of running a small firm
•  Steps in planning a new business  The desired income approach to planning
•  Surveying the market  Choosing a legal form of organization  Developing a statement of assets  Developing an opening day balance sheet  Sources of financing for a new business
•  Location of the business  Layout  Advertising and promotion  Pricing policies  Types of merchandise sold and their implications
•  Seasonal variations  Purchasing and inventory control  The break even point  Selling on credit  Personnel policies  Accounting Statements