South Central College

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Small Business Management - Faribault

About the Program 

The Small Business Management Program is located on the Faribault Campus of South Central College.  The program currently enrolls approximately 40 small businesses, and works constructively with the business owner/manager in evaluating and achieving the goals and objectives of their specific operation.  The major area of emphasis is sound financial management practices.  The instructor works individually with his students evaluating the management practices of the business.

Our program is designed to provide current, relevant and timely management education.  Within the Small Business Management program, the business becomes the textbook and laboratory.  Achievement of the family and business goals is emphasized, and program content is applicable to the participants business and personal goals.  Instruction is tailored to the business owner's needs, goals and business.  Assessment is ongoing with the student and instructor interacting to determine progress, needs of the business.

The program is diploma based, with the typical course structure designed over a three year period.  Students generally enroll for 13 Small Business Management credits annually.  Individual instruction is the primary component, although classroom instruction is effective for semester core business components.

Technology has become a key component within the program, and based upon a students objectives, varying degrees of emphasis are placed upon new technology.  Instructors strive to stay current on new technological advances, which impact our students, and their business.

The Small Business Analysis is a detailed evaluation of the financial and production efficiencies of the business, is a primary tool of instructional focus.  The Analysis becomes a valuable tool for measuring progress and accessing the financial health of the business.  Along with the Analysis, state reports may be used for comparison, evaluation, and goal setting.  Learning is an on-going process and it is the objective of the Small Business Management program to play an integral role in the learning process for the student and their business.