Our training helps you land your first job after graduation, and launch your own venture. Our training helps you land your first job after graduation, and launch your own venture. Our training helps you land your first job after graduation, and launch your own venture. Our training helps you land your first job after graduation, and launch your own venture. Our training helps you land your first job after graduation, and launch your own venture.

School of Business & Entrepreneurship

Department of Management/Marketing

Entrepreneurship and Small Business Management

Questions?

Undergraduate Admissions

(630) 637-5800

admissions@noctrl.edu

Why choose entrepreneurship and small business management at North Central College?

North Central is one of the few colleges in the country offering this innovative combined major. Why do we do it? Because entrepreneurship students rarely start their own business immediately after graduating; instead, they often learn the ropes by working for another small business. North Central prepares you for that transitional step. Our small business management training gives you an edge in landing your first job out of college, which in turn provides the on-the-job training you’ll need to launch your own venture.

You can also:

  • Find internships and jobs at the thousands of small businesses in the Naperville and Chicagoland areas.
  • Complete at least one required internship by shadowing the owner/operator of a privately held company in the industry of your choice.
  • Attend presentations by guest speakers who share their experiences, offer advice and answer questions.
  • Get a head start on your major by completing two entrepreneurial courses during your first year.
  • Apply what you’ve learned in class to entrepreneurial projects through student organizations like the Entrepreneurship and International Business Organization (EIBO) and Enactus.
  • Attend professional events such as the Collegiate Entrepreneurs’ Organization annual conference in Chicago and the Self-Employment in the Arts Conference.

More Department information

Entrepreneurship and Small Business Management, B.A.

The study of entrepreneurship and small business focuses on new enterprise development or entrepreneurial initiatives in ongoing businesses. Graduates of the program should plan on being employed with a small, privately-held company; an innovative, forward-thinking company; or self-employed by launching their own enterprise. Courses in the curriculum examine competitive analysis, strategy development, managerial control mechanisms, financial analysis, as well as operational challenges associated with the varying stages of growth and development in entrepreneurial ventures.

For additional programs and courses in this department, see Management and Marketing.

Major Requirements

Common Business Core

  • ACC 201 - Accounting Principles I/Financial

    ACC 201 - Accounting Principles I/Financial

    3.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACC 202 - Accounting Principles II/Managerial

    ACC 202 - Accounting Principles II/Managerial

    3.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)


    ACC 201.

    Schedule Of Classes

  • BEN 110 - Business and Society

    BEN 110 - Business and Society

    3.00 credit hours

    An introductory course identifying the role of the business institution in our society. It serves as a background for other more focused business courses. Specifically, it will explore the major business activities that operate within the societal framework. It seeks to provide a basic understanding of what business arena is about, and how business behavior is shaped and influenced by its stakeholders—managers, consumers, employees, government and community members. Key topics to be covered in this course include: business systems, corporate governance, the business and society relationship, business and public issues, ethical dilemmas in business, corporate social responsibilities in relation to stakeholders, globalization, ecological and sustainability issues and the influence of technology on business and society. Students may not receive credit for both BEN 110 and BEN 310.

    Prerequisite(s)


    First-Year or Sophomore status.

    Schedule Of Classes

  • BUS 135 - Introduction to International Business

    BUS 135 - Introduction to International Business

    3.00 credit hours

    An introduction to the study of Globalization and Business. The course exposes the student to the broad issues of globalization; illustrates the advantages and disadvantages of globalization; relates globalization to culture, politics, ethics, labor, legal settings, geography and international organizations; and finally, provides the context of business as it operates globally.

    Schedule Of Classes

  • BUS 205 - Introduction to Business Law

    BUS 205 - Introduction to Business Law

    3.00 credit hours

    An introductory survey of the major aspects of the law governing business and commerce including the domestic and international legal environment, the range of dispute resolution processes, legal liability including business torts and crimes, contracts, employment law including employment discrimination, business entities focusing on corporations and general partnerships and intellectual property with particular attention to copyright and trademark law.

    Schedule Of Classes

  • BUS 241 - Business and Economic Statistics

    BUS 241 - Business and Economic Statistics

    3.00 credit hours

    This course is designed to provide students with the ability to apply and interpret descriptive and inferential procedures, probability distributions, statistical sampling and design, hypothesis testing and regression. Primary objectives are to improve the statistical capabilities of students as well as their abilities to apply statistical concepts in a business setting.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Mathematics.

    Schedule Of Classes

  • BUS 362 - Management and Organizational Behavior

    BUS 362 - Management and Organizational Behavior

    3.00 credit hours

    A study of management principles and functions in formal organizations. Setting objectives, planning, organizing, delegating, decision making, budget setting and controlling as practiced in for-profit and not-for-profit organizations.

    Prerequisite(s)


    ACC 201ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 368 - Principles of Marketing

    BUS 368 - Principles of Marketing

    3.00 credit hours

    The scope and methods of product development, pricing, distribution and promotion of goods and services by for-profit as well as not-for-profit organizations.

    Prerequisite(s)


    ACC 201, ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 475 - Business Strategy

    BUS 475 - Business Strategy

    3.00 credit hours

    An integrative course in business, dealing with strategic policy formulation and implementation, long-range planning and environmental scanning through the use of case analysis.

    Prerequisite(s)


    BUS 135, BUS 205, BUS 360, BUS 362, BUS 368, FIN 350 and Senior standing.

    Schedule Of Classes

  • ECN 250 - Microeconomic Principles

    ECN 250 - Microeconomic Principles

    3.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms under pure competition and monopoly and applied microeconomic topics.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Social Science.
    IAI

    S3 902

    Schedule Of Classes

  • ECN 252 - Macroeconomic Principles

    ECN 252 - Macroeconomic Principles

    3.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking and fiscal and monetary policies.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement; ECN 250 recommended.

    Core

    Social Science.
    IAI

    S3 901

    Schedule Of Classes

  • FIN 350 - Corporate Finance

    FIN 350 - Corporate Finance

    3.00 credit hours

    An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital and capital budgeting.

    Prerequisite(s)


    ACC 201; ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Entrepreneurship and Small Business Management Courses

  • BUS 296 - Entrepreneurship and Small Business Management

    BUS 296 - Entrepreneurship and Small Business Management

    3.00 credit hours

    A study of the skills and business strategies necessary for creating a successful small business. Additional topics include analysis of the economic climate, securing technical and financial assistance, new product development and business concepts applicable to entrepreneurial situations in a corporate environment.

    Prerequisite(s)


    BUS 196 recommended.

    Schedule Of Classes

  • BUS 305 - Business Transactions

    BUS 305 - Business Transactions

    3.00 credit hours

    A study of the structure associated legal implications for business transactions such as sales and leases, negotiable instruments and banking transactions, secured transactions, title transfers, labor agreements and bankruptcy, among other current topics. Special attention to ethical business practices related to such transactions is emphasized.

    Prerequisite(s)


    ACC 202 and BUS 205; BUS 296 recommended.

    Schedule Of Classes

  • BUS 384 - Human Resource Management

    BUS 384 - Human Resource Management

    3.00 credit hours

    An examination of the basic functions of personnel and labor relations. Discussions focus on valuing, employing, developing, motivating and maintaining human resources in organizations. The history of the American labor movement and the collective bargaining process is also examined.

    Prerequisite(s)


    BUS 362.

    Schedule Of Classes

  • BUS 393 - Market Research

    BUS 393 - Market Research

    3.50 credit hours

    A study of research methods used in marketing, including research design, gathering and interpreting of field and/or secondary data, presentation of research conclusions and projections for the future. In order to successfully participate, students must be exposed to marketing principles and theories and preferably have some exposure to consumer behavior activities. Laboratory required.

    Prerequisite(s)


    BUS 368.

    Schedule Of Classes

  • BUS 396 - Entrepreneurship Strategy and Innovation

    BUS 396 - Entrepreneurship Strategy and Innovation

    3.00 credit hours

    This course focuses on examining and understanding effective strategies for launching and growing ventures in highly complex, rapidly changing industries. Through case studies and simulations, students develop and create entrepreneurial strategies and mindsets in uncertain environments, with special attention to business models, customer segments, pricing and resource constraints.

    Prerequisite(s)


    ACC 202, BUS 135, BUS 296 and ECN 250.

    Schedule Of Classes

  • BUS 397 - Internship (three credit hours)

    BUS 397 - Internship

    0.00-9.00 credit hours

    Schedule Of Classes

  • BUS 496 - Business Plan Development

    BUS 496 - Business Plan Development

    3.00 credit hours

    A study in the application and integration of marketing, management, financial and operational resources needed to prepare a business plan. Students evaluate the obstacles and issues facing an entrepreneur in business start-ups or in capitalizing on market opportunities. Taken as the final course in the entrepreneurship and small business management major.

    Prerequisite(s)


    FIN 350, BUS 396 and Senior standing.

    Schedule Of Classes

  • LEV 335 - Social Impact Entrepreneurship

    LEV 335 - Social Impact Entrepreneurship

    3.00 credit hours

    An introduction to the development, operation and assessment of social impact entrepreneurial enterprises. Students will learn to identify social impact opportunities, venture plan development, creative methods of venture financing, the law and regulation of social entrepreneurship enterprises and impact assessment measures. The ethical, legal and public policy dimensions of operating a business that seeks to achieve social impact in addition or as opposed to profit will be considered.

    Prerequisite(s)


    Junior standing.

    Schedule Of Classes

Recommended Elective

  • BUS 196 - Entrepreneurship Exploration and Experience

    BUS 196 - Entrepreneurship Exploration and Experience

    3.00 credit hours

    Provides students of any major or background with an introduction to Entrepreneurship and Self-Employment, including examining opportunities and challenges associated with launching a start-up venture. Students develop an increased understanding of the managerial skills necessary to launch new businesses through readings, guest speakers, classroom discussions and research assignments. Students develop an understanding of the benefits and opportunities that can be found through self-employment and investigate how entrepreneurs manage to start successful firms.

    Prerequisite(s)


    First-Year or Sophomore status.

    Schedule Of Classes

Entrepreneurship and Small Business Management, B.S.

The study of entrepreneurship and small business focuses on new enterprise development or entrepreneurial initiatives in ongoing businesses. Graduates of the program should plan on being employed with a small, privately-held company; an innovative, forward-thinking company; or self-employed by launching their own enterprise. Courses in the curriculum examine competitive analysis, strategy development, managerial control mechanisms, financial analysis, as well as operational challenges associated with the varying stages of growth and development in entrepreneurial ventures.

For additional programs and courses in this department, see Management and Marketing.

Major Requirements

Common Business Core

  • ACC 201 - Accounting Principles I/Financial

    ACC 201 - Accounting Principles I/Financial

    3.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACC 202 - Accounting Principles II/Managerial

    ACC 202 - Accounting Principles II/Managerial

    3.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)


    ACC 201.

    Schedule Of Classes

  • BEN 110 - Business and Society

    BEN 110 - Business and Society

    3.00 credit hours

    An introductory course identifying the role of the business institution in our society. It serves as a background for other more focused business courses. Specifically, it will explore the major business activities that operate within the societal framework. It seeks to provide a basic understanding of what business arena is about, and how business behavior is shaped and influenced by its stakeholders—managers, consumers, employees, government and community members. Key topics to be covered in this course include: business systems, corporate governance, the business and society relationship, business and public issues, ethical dilemmas in business, corporate social responsibilities in relation to stakeholders, globalization, ecological and sustainability issues and the influence of technology on business and society. Students may not receive credit for both BEN 110 and BEN 310.

    Prerequisite(s)


    First-Year or Sophomore status.

    Schedule Of Classes

  • BUS 135 - Introduction to International Business

    BUS 135 - Introduction to International Business

    3.00 credit hours

    An introduction to the study of Globalization and Business. The course exposes the student to the broad issues of globalization; illustrates the advantages and disadvantages of globalization; relates globalization to culture, politics, ethics, labor, legal settings, geography and international organizations; and finally, provides the context of business as it operates globally.

    Schedule Of Classes

  • BUS 205 - Introduction to Business Law

    BUS 205 - Introduction to Business Law

    3.00 credit hours

    An introductory survey of the major aspects of the law governing business and commerce including the domestic and international legal environment, the range of dispute resolution processes, legal liability including business torts and crimes, contracts, employment law including employment discrimination, business entities focusing on corporations and general partnerships and intellectual property with particular attention to copyright and trademark law.

    Schedule Of Classes

  • BUS 241 - Business and Economic Statistics

    BUS 241 - Business and Economic Statistics

    3.00 credit hours

    This course is designed to provide students with the ability to apply and interpret descriptive and inferential procedures, probability distributions, statistical sampling and design, hypothesis testing and regression. Primary objectives are to improve the statistical capabilities of students as well as their abilities to apply statistical concepts in a business setting.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Mathematics.

    Schedule Of Classes

  • BUS 362 - Management and Organizational Behavior

    BUS 362 - Management and Organizational Behavior

    3.00 credit hours

    A study of management principles and functions in formal organizations. Setting objectives, planning, organizing, delegating, decision making, budget setting and controlling as practiced in for-profit and not-for-profit organizations.

    Prerequisite(s)


    ACC 201ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 368 - Principles of Marketing

    BUS 368 - Principles of Marketing

    3.00 credit hours

    The scope and methods of product development, pricing, distribution and promotion of goods and services by for-profit as well as not-for-profit organizations.

    Prerequisite(s)


    ACC 201, ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 475 - Business Strategy

    BUS 475 - Business Strategy

    3.00 credit hours

    An integrative course in business, dealing with strategic policy formulation and implementation, long-range planning and environmental scanning through the use of case analysis.

    Prerequisite(s)


    BUS 135, BUS 205, BUS 360, BUS 362, BUS 368, FIN 350 and Senior standing.

    Schedule Of Classes

  • ECN 250 - Microeconomic Principles

    ECN 250 - Microeconomic Principles

    3.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms under pure competition and monopoly and applied microeconomic topics.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Social Science.
    IAI

    S3 902

    Schedule Of Classes

  • ECN 252 - Macroeconomic Principles

    ECN 252 - Macroeconomic Principles

    3.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking and fiscal and monetary policies.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement; ECN 250 recommended.

    Core

    Social Science.
    IAI

    S3 901

    Schedule Of Classes

  • FIN 350 - Corporate Finance

    FIN 350 - Corporate Finance

    3.00 credit hours

    An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital and capital budgeting.

    Prerequisite(s)


    ACC 201; ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Entrepreneurship and Small Business Management Courses

  • BUS 296 - Entrepreneurship and Small Business Management

    BUS 296 - Entrepreneurship and Small Business Management

    3.00 credit hours

    A study of the skills and business strategies necessary for creating a successful small business. Additional topics include analysis of the economic climate, securing technical and financial assistance, new product development and business concepts applicable to entrepreneurial situations in a corporate environment.

    Prerequisite(s)


    BUS 196 recommended.

    Schedule Of Classes

  • BUS 305 - Business Transactions

    BUS 305 - Business Transactions

    3.00 credit hours

    A study of the structure associated legal implications for business transactions such as sales and leases, negotiable instruments and banking transactions, secured transactions, title transfers, labor agreements and bankruptcy, among other current topics. Special attention to ethical business practices related to such transactions is emphasized.

    Prerequisite(s)


    ACC 202 and BUS 205; BUS 296 recommended.

    Schedule Of Classes

  • BUS 384 - Human Resource Management

    BUS 384 - Human Resource Management

    3.00 credit hours

    An examination of the basic functions of personnel and labor relations. Discussions focus on valuing, employing, developing, motivating and maintaining human resources in organizations. The history of the American labor movement and the collective bargaining process is also examined.

    Prerequisite(s)


    BUS 362.

    Schedule Of Classes

  • BUS 393 - Market Research

    BUS 393 - Market Research

    3.50 credit hours

    A study of research methods used in marketing, including research design, gathering and interpreting of field and/or secondary data, presentation of research conclusions and projections for the future. In order to successfully participate, students must be exposed to marketing principles and theories and preferably have some exposure to consumer behavior activities. Laboratory required.

    Prerequisite(s)


    BUS 368.

    Schedule Of Classes

  • BUS 396 - Entrepreneurship Strategy and Innovation

    BUS 396 - Entrepreneurship Strategy and Innovation

    3.00 credit hours

    This course focuses on examining and understanding effective strategies for launching and growing ventures in highly complex, rapidly changing industries. Through case studies and simulations, students develop and create entrepreneurial strategies and mindsets in uncertain environments, with special attention to business models, customer segments, pricing and resource constraints.

    Prerequisite(s)


    ACC 202, BUS 135, BUS 296 and ECN 250.

    Schedule Of Classes

  • BUS 397 - Internship (three credit hours)

    BUS 397 - Internship

    0.00-9.00 credit hours

    Schedule Of Classes

  • BUS 496 - Business Plan Development

    BUS 496 - Business Plan Development

    3.00 credit hours

    A study in the application and integration of marketing, management, financial and operational resources needed to prepare a business plan. Students evaluate the obstacles and issues facing an entrepreneur in business start-ups or in capitalizing on market opportunities. Taken as the final course in the entrepreneurship and small business management major.

    Prerequisite(s)


    FIN 350, BUS 396 and Senior standing.

    Schedule Of Classes

  • LEV 335 - Social Impact Entrepreneurship

    LEV 335 - Social Impact Entrepreneurship

    3.00 credit hours

    An introduction to the development, operation and assessment of social impact entrepreneurial enterprises. Students will learn to identify social impact opportunities, venture plan development, creative methods of venture financing, the law and regulation of social entrepreneurship enterprises and impact assessment measures. The ethical, legal and public policy dimensions of operating a business that seeks to achieve social impact in addition or as opposed to profit will be considered.

    Prerequisite(s)


    Junior standing.

    Schedule Of Classes

Additional Requirements for the B.S. Degree

  • CSC 140 - Fundamentals of Computational Problem Solving or higher-level CSC course

    CSC 140 - Fundamentals of Computational Problem Solving

    3.00 credit hours

    An introduction to computing focusing on problem solving, algorithm construction, data organization and program development using Python. Topics include basic programming fundamentals and constructs such as variables and assignment statements; arithmetic, relational and logical operators; decisions and loops; modularization with functions; files; and data structures such as lists and dictionaries. Prior programming experience is not required. This course does not count toward a major in computer science, but may apply to a minor. May not be taken after successful completion of any higher level computer science course.

    Prerequisite(s)


    MTH 121 (or concurrent enrollment) or higher or appropriate placement.

    Schedule Of Classes

  • MTH 152 - Calculus II

    MTH 152 - Calculus II

    3.00 credit hours

    Continuation of Calculus I with emphasis on integration and its applications. Required for the B.S. degree in any department.

    Prerequisite(s)


    MTH 141 or MTH 151.

    Core

    Mathematics.
    IAI

    M1 900

    Schedule Of Classes

    • One mathematics elective beyond MTH 152 or one computer science course beyond CSC 140 

One of the following:

  • ACC 307 - Cost Accounting

    ACC 307 - Cost Accounting

    3.00 credit hours

    Development of accounting information for management decisions. A study of several cost accounting systems, unit cost determination, budgeting, variance analysis, cost allocation systems and inventory control techniques used for routine and nonroutine management decisions.

    Prerequisite(s)


    ACC 202.

    Schedule Of Classes

  • BUS 446 - Operations Research

    BUS 446 - Operations Research

    3.00 credit hours

    An introduction to the application of mathematical models in managerial decision making. Includes statistical design theory, linear programming, the transportation problem, inventory models, the Markov process and queuing theory. Students may not receive credit for both BUS 446 and BUS 546.

    Prerequisite(s)


    BUS 362.

    Schedule Of Classes

  • ECN 445 - Econometrics

    ECN 445 - Econometrics

    3.00 credit hours

    This course provides exposure to the estimation and testing of economic models using statistical methods and appropriate empirical data. Emphasis is placed on model construction and the use of multiple linear regression for interpretation, analysis and forecasting.

    Prerequisite(s)


    ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Recommended Elective

  • BUS 196 - Entrepreneurship Exploration and Experience

    BUS 196 - Entrepreneurship Exploration and Experience

    3.00 credit hours

    Provides students of any major or background with an introduction to Entrepreneurship and Self-Employment, including examining opportunities and challenges associated with launching a start-up venture. Students develop an increased understanding of the managerial skills necessary to launch new businesses through readings, guest speakers, classroom discussions and research assignments. Students develop an understanding of the benefits and opportunities that can be found through self-employment and investigate how entrepreneurs manage to start successful firms.

    Prerequisite(s)


    First-Year or Sophomore status.

    Schedule Of Classes

Entrepreneurship and Small Business Management Internships and Jobs

A North Central education integrates career preparation with rich academic study. Our faculty encourages you to refine and apply your knowledge in an interconnected world. Here you'll learn to think independently and work globally to solve problems and lead.

Internships

  • Reality Fitness, Naperville
  • Production and planning intern, Stitely Entertainment, Evanston, IL
  • Assistant manager, The Toy Business, Chicago
  • Operations trainee, Olympic Controls Corporation, Elgin, IL
  • Development assistant, Family Shelter Services, Wheaton, IL

Careers

Recent graduates in entrepreneurship and small business management include:

  • Founder, Quality Logo Products
  • Founder, Suburban Real Estate
  • Owner, Naperville Pom and Cheer
  • Owner, Summer Thornton Design
     

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