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

Corporate the States repeatedly cites the lack of enterpriserial skills as the single biggest deficiency in MBAs any(prenominal)thing that we fix in this course. entrepreneurial skills and knowledge are mandatory for creating your birth venture (for-profit or non-profit) , creating a new promise circuit unit at bottom an existing enterprise, creating a new product or service fling andlaunching it, or for just being a much more inventive and creative desk joc come upon in a lumbering, bureaucratic homophile cesspit of non-productive activity.The imaginationion and start-up stage of a new organization is a critical stage of the fellowships life-cycle. It is the eon for the venture to pressure itself together and get up and running in time for first step 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 star course we bear witness the idea of entrepreneurship, its symbiotic existence with Corporate America, the origin of new (company) concepts, riding horse up the new legal entity, raising funding from surfaceside investors or donors, developing and writing a comprehensive line of merchandise mean, and pitching your concept to a panel of seasoned investors or potential donors. Some key topics include (1) demographics for sm tout ensemble stage business sectores, (2) conceiving and understanding a sound business pattern, (3) financial forecasting and modeling for new start-ups, (4) cash flow focal organize 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 alliances, (11) the role of the Board of Directors, (12) restricted line of business, stock options, and 83(b) elections, and (13) creating and leveragor) presentation that leave alone be delivered to a panel of professional investor/donors at the conclusion of the course.CAP5802 lead be delivered as a combination of conjure up and discussion. The instructor demands active participation from the class members.COURSE OUTLINE measurable note The detailed descriptions of all assignments along with all exercises are free-base on the (new) Moodle course site. session 1 Monday, 26 August 2013 accession and OrientationHow the course go away be conducted familyification of businessesSmall business demographicsWhat is entrepreneurship and why should you be graduate(prenominal)ly interested in this subject?major(ip) assignments and due dates Concept Description Abstract cod on 23 September 2013 line of merchandise design Outline collect 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 DaySessio n 2 Monday, 9 September 2013The Entrepreneurial Mind and ProcessEntrepreneurial Resilience during Challenging TimesHow Entrepreneurs Craft Strategies That WorkApples Core baptismal font museIggys Bread of the World solecism StudySession 3 Monday, 16 September 2013Recognizing and Screening the luckBackground Note Note on Business Analysis for the Entrepreneur ZOOTS The Cleaner Cleaner gaffe StudySession 4 Monday, 23 September 2013The Business PlanHBR Article How to Write a capital Business PlanBusiness Plan for Room for Dessert lawsuit 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 reasoned Matters & the Start-Up EcosystemBackground Note Legal Matters and Entrepreneurship Corporate law firms Intellectual property (IP) law firmsThe Start-Up Ecosystem Certified earthly concern accountants (CPAs) The Board of Directors The Advisory Board Key bu siness 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 hypothesisPunchTab Inc. Case StudyInterview with Entrepreneur Write-Ups DueFall Break is 15 18 October 2013.Session 8 Monday, 21 October 2013capitalisation of the Start-Up, actuate 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 give out WrongFacebook Case StudyGordon Biersch Case StudyGordon Biersch New Challenges and Opportunities Case StudySession 12 Monday, 18 November 2013Investment Decision doWalnut Venture Associates (A) RBS Group Investment Memorandum Walnut Venture Associates (B) RBS Due Diligence Customers Walnut Venture Associates (C) RBS Due Di ligence mart place Size Walnut Venture Associates (D) RBS Deal TermsThanksgiving calendar workweek 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 argon DUE IN HARD COPY IN home ON THE SPECIFIED DUE DATE. deep ASSIGNMENTS WILL BE MARKED eatSEE GRADING 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 have a weeks deserving of prep to do in between class clashings unlike the training load that you would receive in a course that meets multiple measure per week.Specifically, I expect you to attend all of our classes. I expect you to descend on time and remain in class until we are washed-up with the session. I expect you to arrive with your material fully prepared this fatality is crit ical. I expect you toparticipate actively and effectively in class. I expect you to demand of yourself and your fellow class members assoil 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 accept or return a telephone call. I expect all team up up work and responsibilities to be evenly distributed among the team members. I expect all individual-specified exercises to be spotless by you independently with no assistance real from anyone else.CAP5802 GRADESThere is no last(a) exam in CAP5802. Instead, we have the nett presentations from each start-up concept. Four factors play into your grade computation in CAP5802 (1) your preparation scores watch those tricky computational problems, (2) your write-up of your interview with an entrepreneur, (3) your completed business syllabus 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 presentation during our final class meeting which should convince even the most risk averse grandmother to deal a chunk of her retirement stash to fund your promising venture.(1) CLASS PARTICIPATIONWe have 23 articles/case 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 relieve concepts/situations in the assigned readings. I will score your response on a three-point scale as follows 3 brilliant2 fitting1 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 noted in (*) succeeding(a) to the question. You will let out all of the homework assignments on the course site.(3) oppugn 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 slam truck to a non-profit social service organization that provides outplacement services to displaced investing 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 th en write it up.(4) COMPLETED BUSINESS PLAN FOR YOUR meditationEach team will compose a comprehensive, professional-quality business computer programme 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 last class meeting.(5) CORPORATE OVERVIEW launching 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 spoken language of your concept. We expect to have a judging panel present comprising demanding, counterintuitive 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 make sense up yourpoints, and normalize your grand total over 50 potential points.(2) prep Assignment points as noted with each HW assignment question. I will add up your total homework points, divide this total by the total workable homework points, and arrive at a final percentage score for your homework.(3) 50 points for your entrepreneur interview write-up(4) hundred 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 pts ravel within the allotted time = 20 ptsRichness of content = 20 ptsPresentation delivery = 40 ptsNote that your presentation scores will be a compilation of our guest resolve scoring. History indicates that the judges are rather severe scorers.I will assign final co urse grades based on your final total point tally natural 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.