The Minnesota Small Business Management Education Program is concerned with the organization of an entrepreneur's resources in such a way as to assist the family in meeting their family and business goals. Often these goals involve generating new profit. Good management requires a sound knowledge of economic principles because they are the framework for small business operation and organization.
Good management ties all sections of the small business together.
It provides a perspective, showing the relationship of all parts to one another, and to the whole small business. Management must understand various alternatives that can be used in decision making. Small business management instruction is concerned with the development of an entrepreneur's knowledge of economic principles and with the decision-making process. Small Business Management Education is managed at the state level by John Murray, State Director for Farm and Small Business Management Education Programs. The state of Minnesota is divided into 6 regions which are managed by 6 Regional Deans of Management Education.