
This course explains the foundations of business ownership and why it matters in a capitalist society. This course aims to teach why business ownership is the most accessible path to build wealth in a market economy and also to provide a holistic approach to the concept and mechanisms of business ownership (the advantages & disadvantages of owning a business).
The purpose of this course is to teach you the steps and process to start a company. There are ten steps to follow in order to start a company, and these steps include:
1) Conducting market research
2) Writing a business plan
3) Funding the Business
4) Select the Location
5) Select a Business Structure
6) Select a Name for the Business
7) Register the Business
8) Get Federal & State Tax IDs
9) Apply for Licenses & Permits
10) Open a Business Bank Account
The purpose of this course is twofold, First, this course aims to teach you the different business structures and tax liability associated with these structures. Second, this course aims to compare and contrast these business structures. There are five main business structures:
1) Sole Proprietorship
2) Partnerships (GPs, LLPs, & LPs)
3) Corporations (C-Corp)
4) S-Corporations (S-Corp)
5) Limited Liability Company ( LLC)
The purpose of this course is to teach you the importance of business valuations and the different methods used to value a business. There are six methods to value a business:
1) Asset Approach
2) Income Approach
3) Market Approach
4) Return on Investment Approach
5) Market Capitalization
6) EBIDTA Approach
The purpose of this course is to teach you how to raise capital to fund your business operations. A business cannot survive without capital influx. Thus, this course seeks to equip you with the required knowledge in order for you to be able to raise capital confidently whether from investors or from banks. The two ways to raise capital to fund a business are equity financing and debt financing. This course will also teach you the strategies associated with these two methods.
The purpose of this course is to teach you the process of selling a business. This course first explains the reasons, importance, and factors to consider prior to selling a business. The process of selling a business is structured into eight steps:
1) timing the Sales
2) Performing a Business Valuation to determine a realistic price range
3) Understanding Tax Consequences
4) Seeking Potential Buyers
5) Performing Due Diligence from Buyers
6) Negotiating the Purchasing Price
7) Signing a Sales Agreement
8) Manage the Sudden Wealth
Bonus (How to Sell an Unprofitable or Failing Business?)
The purpose of this course is to show to students and ordinary people that business ownership is the most accessible path to build wealth and achieve financial freedom.
Most people usually seek to building wealth through the ownership of paper assets (stocks & bonds) or real estate. Both types of assets require capital, especially real estate, which is a capital-intensive industry. However, it has become easier to start a business nowadays thanks to the advancement of technological progress. The capital to start a business is no longer high compared to the capital required to buy a piece of real estate, which then gives people more accessible to the path of entrepreneurship.This course is designed to equip ordinary with the knowledge required to take that leap of faith and venture into the world of entrepreneurship.
This course is divided into two levels: the beginner and advanced levels. In the beginner’s level, students will learn the importance of business ownership, the process and steps of starting a company, and the difference business and tax structures. In the advanced levels, students will learn the different business valuation methods, the methods of raising capital, and the process of selling a company.
At the end of this course, students and ordinary people will feel more to start their own company.