Entrepreneurship the purist most challenging application of the art and science of business. Essay Example for Free

Entrepreneurship the purist most challenging application of the art and science of business. EssayCorporate America repeatedly cites the lack of entrepreneurial skills as the single biggest deficiency in MBAs something that we fix in this business. Entrepreneurial skills and knowledge are mandatory for creating your own venture (for-profit or non-profit) , creating a new business unit within an existing enterprise, creating a new product or service offering andlaunching it, or for bonnie being a much more inventive and creative desk jockey in a lumbering, bureaucratic human cesspit of non-productive activity.The conception and start-up stage of a new organization is a critical stage of the companys life-cycle. It is the time for the venture to pull itself together and get up and running in time for opening day. It is an extremely busy time in the ventures life, requiring a thorough understanding, application, and execution of your MBA concepts skills.In this capstone course w e examine the idea of entrepreneurship, its symbiotic existence with Corporate America, the origin of new (company) concepts, setting up the new legal entity, raising funding from outside investors or donors, developing and writing a comprehensive business plan, and pitching your concept to a ornament of seasoned investors or potential donors. Some key topics complicate (1) demographics for small businesses, (2) conceiving and understanding a sound business model, (3) financial forecasting and modeling for new start-ups, (4) cash flow management in start-ups, (5) name sheets, (6) the venture capital business, (7) multiple funding rounds, (8) start-up company valuations, (9) liquidation preferences, (10) leveraging strategic alliances, (11) the role of the Board of Directors, (12) restricted stock, stock options, and 83(b) elections, and (13) creating and leveragor) toastation that will be delivered to a panel of professional investor/donors at the conclusion of the course.CAP580 2 will be delivered as a combination of lecture and discussion. The instructor demands active participation from the fork members.COURSE OUTLINEImportant note The detailed descriptions of all assignments along with all exercises are found on the (new) Moodle course site. session 1 Monday, 26 August 2013Introduction and OrientationHow the course will be conductedClassification of businessesSmall business demographicsWhat is entrepreneurship and why should you be highly interested in this rout?Major assignments and due dates Concept Description Abstract cod on 23 September 2013 Business Plan Outline Due on 7 October 2013 Interview with Entrepreneur save-Up Due on 14 October 2013 Prospectus Due on WEDNESDAY by NOON, 4 December 2013 Final Business Plan Due on MONDAY, 9 December (in conformation) 2013 Live PowerPoint Presentation 9 December 2013No class on Monday, 2 September Labor DaySession 2 Monday, 9 September 2013The Entrepreneurial Mind and ProcessEntrepreneurial Re silience during Challenging TimesHow Entrepreneurs Craft Strategies That WorkApples Core Case postulateIggys Bread of the World Case subject areaSession 3 Monday, 16 September 2013Recognizing and Screening the OpportunityBackground Note Note on Business Analysis for the Entrepreneur ZOOTS The Cleaner Cleaner Case StudySession 4 Monday, 23 September 2013The Business PlanHBR Article How to Write a Great Business PlanBusiness Plan for Room for Dessert Case StudyYour Concept Description Abstract DueSession 5 Monday, 30 September 2013The Founder and the Team HR MattersNanoGene Technologies, Inc. Case StudySession 6 Monday, 7 October 2013 licit Matters the Start-Up EcosystemBackground Note Legal Matters and Entrepreneurship Corporate law firms Intellectual property (IP) law firmsThe Start-Up Ecosystem Certified public accountants (CPAs) The Board of Directors The Advisory Board Key business partnersSmartix(A) Dancing with Elephants Case StudySmartix(B) The Last DanceSmartix(C) Rethin king the NegotiationsSmartix(D) Reflections from the Other Side of the TableBusiness Plan Outline Due TonightSession 7 Monday, 14 October 2013Financing the inferPunchTab Inc. Case StudyInterview with Entrepreneur Write-Ups DueFall Break is 15 18 October 2013.Session 8 Monday, 21 October 2013Capitalization of the Start-Up, Part 1Session 9 Monday, 28 October 2013Capitalization of the Start-Up, Part 2Session 10 Monday, 4 November 2013Capitalization of the Start-Up, Part 3Session 11 Monday, 11 November 2013Growing the BusinessWhat Entrepreneurs Get WrongFacebook Case StudyGordon Biersch Case StudyGordon Biersch New Challenges and Opportunities Case StudySession 12 Monday, 18 November 2013 enthronement Decision MakingWalnut Venture Associates (A) RBS Group Investment Memorandum Walnut Venture Associates (B) RBS Due industry Customers Walnut Venture Associates (C) RBS Due Diligence Market Size Walnut Venture Associates (D) RBS Deal TermsThanksgiving Week break is 25 29 November 20 13. No class on 25 November.Session 13 Monday, 2 December 2013Documentary (movie) Start-Up.comSession 14 Monday, 9 December 2013Final PresentationsCOMMENTS ON CAP5802 ENTREPRENEURSHIPIMPORTANT YOUR HOMEWORK ASSIGNMENTS ARE collectible IN HARD COPY IN CLASS ON THE SPECIFIED DUE DATE. LATE ASSIGNMENTS WILL BE MARKED DOWNSEE rank POLICY BELOW.Your workload in this course will be above average. That we meet only one time per week for three hours implies that you will involve a weeks worth of homework to do in between class meetings unlike the homework load that you would receive in a course that meets multiple times per week.Specifically, I expect you to attend all of our classes. I expect you to arrive on time and remain in class until we are finished with the session. I expect you to arrive with your material fully prepared this requirement is critical. I expect you toparticipate actively and effectively in class. I expect you to demand of yourself and your fellow class membe rs complete fidelity to high personal ethical standards. I expect you to keep your cellular knell out of our classroom or with you, but powered off. I do not expect you to ever leave the classroom to accept or refurbishment a telephone call. I expect all aggroup work and responsibilities to be evenly distributed among the team up members. I expect all individual-specified exercises to be effected by you independently with no assistance received from anyone else.CAP5802 GRADESThere is no final exam in CAP5802. Instead, we have the final presentations from each start-up concept. Four factors shrink from into your grade counting in CAP5802 (1) your homework scores watch those tricky computational problems, (2) your write-up of your interview with an entrepreneur, (3) your completed business plan which should be sufficiently tantalize to cause the general partners of Kleiner Perkins Caulfield (who successfully funded Genentech, Amazon, and Google, among others) to saliva te, and (4) a stunning live presentation during our final class meeting which should convince even the most risk averse grandmother to allocate a chunk of her retirement stash to fund your promising venture.(1) CLASS PARTICIPATIONWe have 23 articles/case studies that we use to tag on some of the vital content to this course. I expect you to give every one of them a thorough read and abridgment. I encourage you to discuss them with your team members. I will call on you in class whether or not you raise your hand and ask you to answer questions or to explain concepts/situations in the assigned readings. I will score your response on a three-point scale as follows 3 brilliant2 adequate1 needs improvement(2) HOMEWORK ASSIGNMENTSYour home work assignments are due in class in hard copy on the specified duedate. I will penalize you for late homework assignments. That is how the real business world works. If you are going to be out of town, always complete and turn in your assignment EARLY. When you are LATE with your homework assignments, you lose points in the computation of your final grade. No appeals allowed. The point value for each homework question is famed in (*) next to the question. You will find all of the homework assignments on the course site.(3) INTERVIEW WITH ENTREPRENEUREach team will find an accredited entrepreneur someone who has started their own business/organization and currently is running the business or non-profit organization. The business/organization can be anything ranging from an ice flutter truck to a non-profit social service organization that provides outplacement services to displaced investment bankers. I will provide you with the list of questions for the interview. You only need to find the involuntary entrepreneur (they generally love to talk about their businesses) and complete the interview then write it up.(4) COMPLETED BUSINESS PLAN FOR YOUR VENTUREEach team will compose a comprehensive, professional-quality busi ness plan for their business concept. There are two important milestones/due dates for the business plan assignment (1) the abbreviated plan outline due date, (2) the completed plan due date the last class meeting.(5) CORPORATE OVERVIEW PRESENTATION OF YOUR VENTUREYour team will present your corporate overview/launch plan during our final class meeting. You will be graded on the originality, content, and delivery of your concept. We expect to have a judging panel present comprising demanding, unreasonable investor-types to critique your conceptsCAP5802 GRADE COMPUTATIONThere are five sources of points that are used in your final course grade computation(1) Class participation points as noted above. I will check up on up yourpoints, and normalize your grand substance over 50 possible points.(2) homework Assignment points as noted with each HW assignment question. I will add up your total homework points, divide this total by the total possible homework points, and arrive at a final percentage score for your homework.(3) 50 points for your entrepreneur interview write-up(4) 100 possible points for your business plan, distributed as follows Quality of idea = 10 ptsCompelling market opportunity = 10 ptsOrganization of plan = 10 ptsClarity of plan = 10 ptsFinancial analysis = 10 ptsMarketing plan = 10 ptsSales and distribution plan = 10 ptsCompetitive analysis = 10 ptsSales/revenue forecast = 10 ptsSurviving CAP5802 = 10 pts(5) 100 possible points for you final presentation, distributed as follows Originality and cleverness of the presentation = 20 ptsRunning within the allotted time = 20 pts fecundity of content = 20 ptsPresentation delivery = 40 ptsNote that your presentation scores will be a compilation of our guest judges scoring. write up indicates that the judges are rather severe scorers.I will assign final course grades based on your final total point tally tot possible participation score (%) 50 pointsTotal possible homework (%) 100 pointsTotal p ossible interview with entrepreneur 50 pointsTotal possible written business plan 100 pointsTotal possible live presentation 100 pointsA splendid time is guaranteed for all.