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

Entrepreneurship the purist well-nigh intriguing application of the art and science of byplay. EssayCorporate America repeatedly cites the lack of enterpriserial skills as the single biggest deficiency in MBAs something that we fix in this course. Entrepreneurial skills and knowledge are mandatory for creating your proclaim venture (for-profit or non-profit) , creating a refreshing business unit within an existing enterprise, creating a new product or service offering andlaunching it, or for just being a lots more inventive and creative desk jockey in a lumbering, bureaucratic human cesspit of non-productive activity.The origination and start-up stage of a new organization is a critical stage of the companys life-cycle. It is the measure for the venture to pull itself together and get up and running in time for opening twenty-four hour period. It is an extremely busy time in the ventures life, requiring a thorough understanding, application, and execution of your MBA c oncepts skills.In this capstone course we examine the idea of entrepreneurship, its symbiotic existence with Corporate America, the origin of new (company) concepts, stage setting up the new legal entity, raising funding from outside investors or donors, developing and writing a comprehensive business designing, and pitching your concept to a panel of seasoned investors or potential donors. some(a) key topics include (1) demographics for small businesses, (2) conceiving and understanding a sound business model, (3) financial prodigy and modeling for new start-ups, (4) cash flow management in start-ups, (5) term sheets, (6) the venture capital business, (7) twofold 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) unveiling that ordain be de failred to a panel of professional investo r/donors at the conclusion of the course.CAP5802 impart be delivered as a combination of lecture and discussion. The instructor demands active betrothal from the partitioning members.COURSE OUTLINE grievous none The detailed descriptions of all assignments along with all exercises are found on the (new) Moodle course site. academic session 1 Monday, 26 August 2013Introduction and OrientationHow the course result be conductedClassification of businesses runty business demographicsWhat is entrepreneurship and why should you be laid-backly interested in this subject?Major assignments and due dates sentiment Description victimize out-of-pocket on 23 September 2013 subscriber line Plan dodging Due on 7 October 2013 audience with Entrepreneur Write-Up Due on 14 October 2013 Prospectus Due on WEDNESDAY by NOON, 4 celestial latitude 2013 Final Business Plan Due on MONDAY, 9 December (in stratum) 2013 Live PowerPoint unveiling 9 December 2013No class on Monday, 2 Septe mber Labor Day academic session 2 Monday, 9 September 2013The Entrepreneurial Mind and ProcessEntrepreneurial Resilience during Challenging quantifyHow Entrepreneurs Craft Strategies That WorkApples Core Case battlegroundIggys Bread of the domain of a function Case Study academic session 3 Monday, 16 September 2013Recognizing and Screening the OpportunityBackground flavour 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 bright 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) Reflections from the Other Side of the TableBusiness Plan Outline Due TonightSession 7 Monday, 14 October 2013Financing the VenturePunchTab Inc. Case StudyInterview with Entrepreneur Write-Ups DueFall Break is 15 18 October 2013.Session 8 Monday, 21 October 2013 capitalization 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 commove 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 HOMEWORK ASSIGNMENTS ARE DUE IN HARD replicate IN CLASS ON THE SPECIFIED DUE DATE. LATE ASSIGNMENTS WILL BE MARKED moundSEE GRADING POLICY BELOW.Your workload in this course will be above average. That we spiel only one time per week for three hours implies that you will have a weeks worth of homework to do in between class meetings unlike the homework load that you would ask for in a course that meets multiple times per week.Specifically, I expect you to attend all of our classes. I expect you to amount on time and remain in class until we are finished with the session. I expect you to arrive with your material fully prepared this require ment is critical. I expect you toparticipate actively and effectively in class. I expect you to demand of yourself and your fellow class members stand in fidelity to high personal ethical standards. I expect you to keep your cellular telephone out of our classroom or with you, but powered off. I do not expect you to ever leave the classroom to try for or return a telephone call. I expect all team work and responsibilities to be evenly distributed among the team members. I expect all individual-specified exercises to be completed by you independently with no assistance received from anyone else.CAP5802 GRADESThere is no terminal exam in CAP5802. Instead, we have the final intromissions from apiece start-up concept. Four factors play into your grade computation 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 excogitation which should be sufficiently tant alizing 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 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 hopeful venture.(1) CLASS PARTICIPATIONWe have 23 articles/case studies that we use to supply some of the vital contentedness to this course. I expect you to give every one of them a thorough read and analysis. I support 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 passable1 acquires improvement(2) HOMEWORK ASSIGNMENTSYour home work assignments are due in class in hard copy on the specified duedate. I will penalize you for belated 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 noted 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 au and thentic 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 sociable 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 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 business architectural plan for their business concept. 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 cobblers 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 pentad 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 total over 50 realizable points.(2) Homework Assignment poin ts as noted with each HW assignment question. I will total 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 pts brass of plan = 10 ptsClarity of plan = 10 ptsFinancial analysis = 10 ptsMarketing plan = 10 ptsSales and distribution plan = 10 ptsCompetitive analysis = 10 ptsSales/gross 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 scores will be a compilation of our client judges scoring. History indicates that the judges are rather severe scorers.I will ass ign final course grades based on your final total point tally Total possible participation score (%) 50 pointsTotal possible homework (%) 100 pointsTotal possible interview with entrepreneur 50 pointsTotal possible written business plan 100 pointsTotal possible live presentation 100 pointsA splendid time is guaranteed for all.