The Weston’; Sobey’s; Roger’s; Pattinson’s. Some of Canada’s biggest brands are family businesses. So it comes as no surprise that a recent report from the Conference Board of Canada shows Canadian family businesses generate almost half of private-sector GDP and 7 million jobs. In fact, these family-owned enterprises (FOEs) account for more than 60% of all private sector companies.
What is surprising is the lack of opportunities for university students who are part of a family business, or planning on building a family business, to learn objectively about the many nuances of building, operating and growing the family business.
This winter 2020 term, the Conrad School of Entrepreneurship and Business is pleased to launch a new undergraduate course offering focused on Family Business. Whether you have been working for your families small business or you’re preparing to take the reins of your family’s business empire, some situations and skills are unique to the FOE.
BET 470 Family Business is a new course explores the business practices needed to manage, run, and work for family-owned ventures.
The focus of BET 470 will be on those issues unique to family-businesses such as the interaction between family, management, and ownership.
Family-controlled businesses are also characterized by challenges that put their continuity in serious jeopardy; leadership and succession crises are the norm as 75% do not make it to the second generation and, of those that do, 90% do not make it to a third generation. Topics include:
- strengths and weaknesses of family businesses
- managing family-business conflict
- succession planning
- new opportunity development
- strategic planning
The instructor for BET 470 is legendary Lecturer, David Rose, who has extensive experience with his own family business, as well as consulting with several other family businesses.
Other courses offered this term
In addition to this new course, we’re offering the following undergraduate courses this winter 202 term. Our undergraduate BET courses are open to students from all faculties. All classes take place in the Conrad School, Engineering 7, second floor.
- BET 100 (Online) Foundations of Entrepreneurial Practice
Limited spaces are available. Online course with office hours to-be-determined. Taught by Christopher Holt.
- BET 300 Foundations of Venture Creation
Application required to take this course. Wednesdays, 6:30 - 9:20 p.m. in room 2409. Taught by Wayne Chang.
- BET 320 Entrepreneurial Strategy
Mondays, 6:30 - 9:20 p.m. in room 2317. Taught by Nada Basir.
- BET 340 Essentials of Entrepreneurial Planning and Execution
Mondays, 6:30 - 9:20 p.m. in room 2324. Taught by Janet Boekhorst.
- BET 350 Customer Experience Design
This course fills up fast! Wednesdays, 6:30 - 9:20 p.m. in room 2328. Taught by Karin Schmidlin.
- BET 400 Early-Stage Venture Marketing
Mondays, 6:30 - 9:20 p.m. in room 2328. Taught by David Rose.
- BET 430 Sales Fundamentals
The only sales course offered at Waterloo! Tuesdays, 1:30 - 4:20 p.m. in room 2317. Taught by Kevin Hood.
- BET 450 Leadership
Tuesdays, 6:30 - 9:20 p.m. in room 2328. Taught by Janet Boekhorst.
- *NEW* BET 470 Family Business
If you're part of a family business, this course is not to be missed. Tuesdays, 6:30 - 9:20 p.m. in room 2324. Taught by David Rose.