Syllabus Entrance
Printer Friendly
Email Syllabus

MBA 643 Entrepreneurial Finance
Nowacki, David


Mission Statement: The mission of the School of Graduate and Professional Studies at Park University is to provide leadership and directions to Park University's graduate and professional programs to assure that they are specialized, scholarly, innovative, and designed to educate students to be creative, independent, and lifelong learners within the context of a global community.

Vision Statement: Park University's School of Graduate and Professional Studies will be an international leader in providing innovative graduate and professional educational opportunities to learners within a global society.

Course

MBA 643 Entrepreneurial Finance

Semester

U1P 2010 DL

Faculty

Nowacki, David

Title

Adjunct Faculty- Finance

Degrees/Certificates

BS – Louisiana State University
M.B.A. & M.S. Finance – Louisiana State University
PhD (coursework) – University of Texas at Dallas

Office Location

Online course (Dallas Tx0

Office Hours

9 AM – 9:15 PM – by phone (or by telephone appointment)

Daytime Phone

972385-1769

Other Phone

972-322-1040

E-Mail

David.Nowacki@park.edu

David.n.Dallas@gmail.com

Semester Dates

June 7, 2010 to August 1, 2010

Class Days

Online

Class Time

Online

Prerequisites

FI 615

Credit Hours

3


Textbook:
 

Entrepreneurial Finance, 3rd Edition

Author: Leach / Melicher

ISBN:13:978-0-324-56125-8

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


Course Description:
MBA 643 Entrepreneurial Finance: This course will familiarize you with topics in entrepreneurial finance. It focuses on applying financial theory and principles to small firms. There is a special emphasis on the specific issues that confront small businesses through their life cycle of development, start-up, expansion, maturity and harvesting. The course will introduce the main financial issues affecting start-up companies, venture capital markets, private equity and debt financing, valuing small companies; harvesting methods. The course will be divided into two parts. Part one of Entrepreneurial Finance covers what might be called "small business survival skills", including assessing financial performance, financial planning, identifying external financing needs and business valuation. Part two of the course will address the issues and challenges associated with Financing for Entrepreneurial Enterprises. Prerequisites: MBA 615 (Formerly FI 655)

Educational Philosophy:
 

Each student should be treated with respect and courtesy. Each student has the right to know how they will be evaluated and why topics are being covered. This course targets theory, work applications and real world scenarios as they apply to capital markets, especially fixed income markets. The student is required to make an effort in learning this material and the instructor will aid those seeking additional support.

  Instructor Learning Outcomes

  1. 1. Define ownership structures and the advantages and disadvantages for each form.
  2. 2. Determine optimal ownership structures from both the sponsor and the financing source (venture capitalist).
  3. 3. Apply mathematics in the use of evaluating opportunities.
  4. 4. Outline key market participants: angel investors, venture capital investors, financial institutions.
  5. 5. Develop financial analytical tools useful for the manager, investor and lender.
  6. 6. Determine who to calculate break-even volumes and how to use market research to determine viability using break-even analysis.
  7. 7. Create a cash planning model to determine if the opportunity can survive all short-term and long term business cycles.
  8. 8. Develop and utilize long range planning for capital sourcing, growth of the enterprise and harvesting the venture.
  9. 9. Utilizing the business plan and financial analysis to attract capital “funders” (debt, equity and off balance sheet financing).
  10. 10. Create and evaluate exit strategies to harvest successful operations.
  11. 11. Develop a business plan outlining future operational and financial goals.
  12. 12. Create a pro forma income statement to analyze the short term and long term potential for a project or business venture.
Class Assessment:
 

Grading Criteria


Course Evaluation

 % Weights

5 Graded Discussions (postings);  3% each

15%

4 Homework assignments

20%

Mid-course exam

 20%

Term Project

 20%

 Final Exam

 25%

 Total Points

100%

 Grading Scale

 A =

 90 – 100%

 B =

 80 - 89%  

 C =

 70 - 79%    

 D =

 60 – 69%

 F =

 59% and below

Each grading opportunity will be based on 100 points each. For example, you might receive 90 points on a single graded discussion assignment. The score of 90 times a 3% grade weighting means you have earned 2.7 points toward your final grade. A score of 80 on the final exam means you have earned 20 points toward your final grade.

Grading:
 

 

Course Activities

Weekly Readings – Textbook chapters are listed for each week’s topics. In addition, some weeks will have Internet reference sites and/or files upload to further support the topic for that week. See Doc Sharing online for these files.

Discussion Questionsand Graded Discussions

Students are encouraged to post discussion questions or engage in dialogues through the discussion areas for any given week. Feel free to take discussions into any relevant investment topics or tangents you see fit. Areas are provided each week for interactions on that given week’s academic topics.

Additionally, there will be graded discussions where broad topics will be provided. All students are required to submit threads to these discussions. Topics are encouraged to be explored, stretched or taken in any given direction. You are required to make one original submission and the reply to two other student’s posts for each graded discussion. At times, multiple topics will be offered in an attempt to find some topic more interesting than others for students (and instructor). You are not required to submit items on multiple topics, but can post one original and make two other replies on differing subjects. 

Time cut-offs will be toward the end of a calendar week. There are 5 graded discussions each representing 3% of your final grade. Grades will be posted (manually) after their cut-off dates.   

Project- The project is to be based on a loose outline with an Executive Summary and Pro Forma financial analysis. You may take this assignment in as many directions as an entrepreneur might!

The project is due week 8 and is listed in this section. However, work should probably begin sometime after the mid-course exam. The student is to submit the file for grading through the drop box located within the online course. This assignment represents 20% of your grade. Partial credit will be given if work is shown.

 

Homework- 4 homework assignments are provided in the course. These tend to be very math oriented. Your first two assignments are delivered via Excel files provided in the doc sharing part of the course. You are to use the Excel file to answer questions and then access the homework file in the particular week for that assignment. You submit your answers via a multiple choice format (similar to quizzes) which will be automatically graded.

The last two homework assignments will utilize Excel files where you utilize these files to submit answers. You turn in the actual file through the drop box. These assignments will be graded manually. Partial credit can be earned if work is shown.

Total course grade weighting for homework is 20%


 
 
Grading Outline:

Discussions: 

·        Not having a minimal number of valid posts: 30% to 60% deduction

·        Grammar issues: up to 20% deduction, depending on the magnitude

·        Improper posts (i.e., Insulting others): up to 100% deduction, depending on the magnitude

Homework:

·        Two assignments will be turned in through an automated grading system. Point values per question in the assignment will indicate the value per question.

·        Two other assignments will be manually graded; point assignments per question are given and partial credit will be granted for work submitted.

Mid-course Exam:

·        Questions are drawn from a pool of questions.

·        Each question or set of questions may have a different weight. 

·        Grades will be determined by the number of correct answers.

·        Details are provided online.

Project:

·        The project will be manually graded.

·        Each section is given a grade weight and partial credit may be earned.

·        A grading Rubric is provided online.

Final Exam:

·        Individual’s tests will be a set of questions drawn from a question pool. 

·        Questions may have different point values or weights.

Late Submission of Course Materials:
 

Late Submission of Course Work:  The participation element of the Discussion Question assignment cannot be made up after the end of the week in which the question is due. Late work loses 10% per day late and will not be accepted after 7 days. All work must be completed by the last day of class. However, the instructor can be flexible if arrangements are made ahead of time. “Permission” is easier to attain than “forgiveness” after the fact.

Classroom Rules of Conduct:
 

 Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2008-2009 Graduate Catalog Page 25

Plagiarism:

Plagiarism involves the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2008-2009 Graduate Catalog Page 25

Attendance Policy:

Professors are required to maintain attendance records and report absences. Excused absences can be granted by the instructor, for medical reasons, school sponsored activities, and employment-related demands, including temporary duty. Students are responsible for any missed work. Absences for two successive weeks, without approved excuse, will be reported to the Director of the individual graduate program, or to the Executive Director for the Graduate School, for appropriate action. Students with such a record of absences, without an approved excuse, may be administratively withdrawn from the class and notified that an "F" will be recorded, unless the student initiates official withdrawal from the class(es).Park University 2008-2009 Graduate Catalog Page 29

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Course Topic/Dates/Assignments:
 

Course Calendar of Assignments:  

(see Excel file outlining dates in doc sharing)

Week 1 Activities:

Readings:
Chapters 1, & 3

Grading: Graded Discussion (topics posted online):

Introduction and ownership overview

Week 2 Activities:

Readings:
Chapters 9 & 10 

Grading: Homework #1 (file posted online):

Mathematics and Quantitative Analysis

Week 3 Activities:

Readings:
Chapters  4 & 5

Grading: Homework #2 (file posted online) and Graded Discussion:

Financial Statement Analysis and Break-even analysis

Week 4 Activities:

Readings:
Chapters  4 and 7.1

Grading: Homework #3 (file posted online) and Mid-course exam

Cash analysis and Cash planning

Week 5 Activities:

Readings:
Chapters  1.4, 3.5 & 6


Grading: Graded Discussion

            (Should begin to review requirements for term project)

 

Organizational planning, tactics and strategies

Week 6 Activities:

Readings:
Chapter 7, 12

Grading: Homework #4 and Graded Discussion

            (Additional effort toward completion of term project)

Capital Sourcing

Week 7 Activities:

Readings:
Chapter  13

Grading: Graded Discussion: (continuing work on term project)

           

Additional financing strategies including off balance sheet items

Week 8 Activities:

Readings: Chapter 14

Grading: Final Exam & Project due

Exit strategies and harvesting values.

 

 

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2009-2010 Graduate Catalog Page 31

Plagiarism:

Plagiarism involves the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2009-2010 Graduate Catalog Page 31-32


Attendance Policy:

Professors are required to maintain attendance records and report absences. Excused absences can be granted by the instructor, for medical reasons, school sponsored activities, and employment-related demands, including temporary duty. Students are responsible for any missed work. Absences for two successive weeks, without approved excuse, will be reported to the Director of the individual graduate program, or to the Executive Director for the Graduate School, for appropriate action. Students with such a record of absences, without an approved excuse, may be administratively withdrawn from the class and notified that an "F" will be recorded, unless the student initiates official withdrawal from the class(es).Park University 2009-2010 Graduate Catalog Page 35

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Copyright:

This material is protected by copyright
                               and can not be reused without author permission.

Last Updated:5/21/2010 1:14:39 PM