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

incarnate America repeatedly cites the lack of entrepreneurial skills as the single biggest deficiency in MBAs something that we fix in this movement. entrepreneurial skills and knowledge argon mandatory for creating your suffer conjecture (for-profit or non-profit) , creating a new backing unit within an existing enterprise, creating a new product or service offering and origination it, or for just 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 cadence for the venture to pull itself together and get up and running in clock 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 capst maven occupation we examine the idea of entrepreneurship, its dependent existence with Corporat e America, the origin of new (company) concepts, setting up the new legal entity, raising financial backing from outside investors or donors, developing and writing a comprehensive air plan, and pitching your concept to a panel of seasoned investors or potential donors. Some key topics include (1) demographics for sm both businesses, (2) conceiving and understanding a sound business model, (3) financial forecasting and modeling for new start-ups, (4) cash flow focus in start-ups, (5) term sheets, (6) the venture capital business, (7) multiple funding rounds, (8) start-up company valuations, (9) liquidation preferences, (10) leveraging strategic anyiances, (11) the role of the gore of Directors, (12) restricted stock, stock options, and 83(b) elections, and (13) creating and leveragor) presentation that will be delivered to a panel of nonrecreational investor/donors at the conclusion of the course.CAP5802 will be delivered as a combination of lecture and discussion. The instruc tor take aims ready participation from the grad members.COURSE OUTLINEImportant none The detailed descriptions of all assignments along with all exercises atomic number 18 found on the (new) Moodle course site. academic session 1 Monday, 26 August 2013Introduction and predilectionHow the course will be conductedClassification of businessesSmall business demographicsWhat is entrepreneurship and why should you be highly provoke in this subject?Major assignments and ascribable dates Concept Description Abstract bellyacheable on 23 kinsfolk 2013 note think Outline Due on 7 October 2013 Interview with Entrepreneur Write-Up Due on 14 October 2013 Prospectus Due on WEDNESDAY by NOON, 4 December 2013 Final Business Plan Due on MONDAY, 9 December (in class) 2013 Live PowerPoint Presentation 9 December 2013No class on Monday, 2 September Labor DaySession 2 Monday, 9 September 2013The Entrepreneurial beware and ProcessEntrepreneurial Resilience during Challenging TimesH ow Entrepreneurs Craft Strategies That WorkApples onus Case directIggys Bread of the World Case StudySession 3 Monday, 16 September 2013Recognizing and Screening the Opportunity accentuate 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 2013Legal 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) Rethinking the NegotiationsSmartix(D) Reflection s from the opposite Side of the TableBusiness Plan Outline Due TonightSession 7 Monday, 14 October 2013Financing the threatenPunchTab 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 2013Investment Decision Making walnut Venture Associates (A) RBS Group Investment Memorandum Walnut Venture Associates (B) RBS Due Diligence Customers Walnut Venture Associates (C) RBS Due Diligence Market Size Walnut Venture Associates (D) RBS Deal TermsThanksgiving week break is 25 29 November 2013. 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 training ASSIGNMENTS ARE overdue IN HARD COPY IN CLASS ON THE SPECIFIED DUE DATE. belated ASSIGNMENTS WILL BE MARKED DOWNSEE GRADING POLICY BELOW.Your workload in this course will be above average. That we meet only one time per week for terzetto hours implies that you will have a weeks worth of spotwork to do in surrounded by class meetings unlike the provision 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 go on in class until we are finished with the session. I expect you to arrive with your material fully ready this requirement is critical. I expect you toparticipate actively and effectively in class. I expect you to demand of yourself and your fellow class members complete fidelity to high personal ethical standards. I expect you to living your cellular telephone out of our classroom or with you, but powered off. I do not expect you to ever leave the classroom to accept or return a telephone call. I expect all team up work and responsibilities to be evenly distributed among the team members. I expect all individual- qualify exercises to be completed by you independently with no assistance received from anyone else.CAP5802 GRADESThere is no net exam in CAP5802. Instead, we have the final presentations from each start-up concept. Four factors play into your grade computation in CAP5802 (1) your cookery tallys watch those tricky computational problems, (2) your write-up of your interview with an entrepreneur, (3) your completed business plan which should be sufficiently tantalizing to cause the general partners of Kleiner Perkins & Caulfield (who successfully funded Genentech, Amazon, and Google, among others) to salivate, and (4) a stunning live presen tation 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/ occurrence studies that we use to supply some of the vital content to this course. I expect you to give every one of them a thorough read and analysis. 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 outperform 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 w ith your homework assignments, you lose points in the computation of your final grade. No appeals allowed. The point value for each homework question is celebrated 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 authentic 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 cream 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 willing entrepreneur (they generally spot to talk about their businesses) and complete the interview then write it up.(4) COMPLETED BUSINESS PLAN FOR YOUR feignEach team will compose a comprehensive, professional-quality business plan for their business con cept. There are two important milestones/due dates for the business plan assignment (1) the brief 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 bedded on the originality, content, and delivery of your concept. We expect to have a judging panel present comprising demanding, unreasonable investor-types to literary criticism 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 tally up yourpoints, and normalize your grand pith over 50 possible points.(2) Homework Assignment points as noted with each HW assignment question. I will add up your join homework points, divide this total by the total possible homework points, and arrive at a final percentage score for your homewo rk.(3) 50 points for your entrepreneur interview write-up(4) atomic number 6 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 ptsRichness of content = 20 ptsPresentation delivery = 40 ptsNote that your presentation dozens will be a compilation of our guest judges scoring. History indicates that the judges are or else severe scorers.I will assign final course grades based on your final total point tally Total possible participation score (%) 50 pointsTotal possible homework (%) 100 pointsTotal possible interview with ent repreneur 50 pointsTotal possible written business plan 100 pointsTotal possible live presentation 100 pointsA splendid time is guaranteed for all.