The Small Business Management program, offered through Penn Foster, allows students to earn their diploma from home. This six Instruction Set program takes students step-by-step through specialized courses on managing small businesses. Students begin by exploring online resources, learning the types of businesses, identifying a mission and mission statement, and tracking stages of growth. The students learn how to build a network, conduct successful networking, and develop contacts and online connections. Participants study the benefits of market testing, performing background research, and researching costs and prices. Students are taught how to find their target market, conducting surveys and questionnaires. Students practice developing a business plan equipped with products, product differentiation, services, and a mission statement. Students discuss types of financing, avoiding undercapitalization, and finding the right financing for each business.
Individuals are taught different legal requirements and zoning laws. Students create a marketing plan and work with advertising and promoting good publicity for their business. They work to build a team, hiring the right people for their business. Students receive training in e-commerce to develop a Web page, establishing credibility for their business. On the Penn Foster website, interested students are able to access the online application and submit for admission into this program.
This program requires a minimum of 8th grade education.
School Accreditation Statement
Penn Foster Accreditation and Licenses
- Penn Foster Career School and Penn Foster High School are regionally accredited by the Commission on Secondary Schools of the Middle States Association of Colleges and Schools. And, nationally accredited by the Distance Education Accrediting Commission (DEAC).
- Penn Foster Career School and Penn Foster High School are licensed by the Pennsylvania State Board of Private Licensed Schools.
- Penn Foster College is nationally accredited by the Distance Education Accrediting Commission (DEAC) and licensed by the Arizona State Board for Private Postseconday Education.