MBA643 Entrepreneurial Finance

for U1P 2011

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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.


MBA 643 Entrepreneurial Finance


U1P 2011 DL


Nowacki, David


BS – Louisiana State University
M.B.A – Louisiana State University
M.S. – Louisiana State University

Office Location


Office Hours

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

Daytime Phone




Semester Dates

6/6/2011 thru 7/31/2011

Class Days


Class Time



MBA 615

Credit Hours



Title: Entrepreneurial Finance, 3rd Edition

Author: Leach / Melicher


Copyright year: 2009

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

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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.

Learning Outcomes:
  Core Learning Outcomes

  1. Explain the concepts of entrepreneurial finance and its difference to traditional corporate finance.
  2. Define the financing needs of an entrepreneurial firm.
  3. Demonstrate, through application, basic skills in building financial forecasts in Excel for an entrepreneurial firm.
  4. Explain how different financial resources of an entrepreneurial firm are managed and monitored.
  5. Apply entrepreneurial finance principles in issues related to the sale of an entrepreneurial firm.
  6. Analyze and discuss current research issues in entrepreneurial finance.

Core Assessment:

Class Assessment:

Grading Outline:


·        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


·        These assignments are contained with Excel files, located in the Doc Sharing area of the course.  You are to access these files and you may use these files to solve the questions/problems contained therein.  However, you are not to turn in these files. 

·        Once you have your solutions, you access the only course and select the appropriate week for that assignment.  Under that week, you will see a tab where you enter (just like a quiz); questions in this area should match those in the Excel file.  Select the best answer and hit submit.

·        You may access the Excel file(s) AND the answer submission area an unlimited number of times. 

·        Only the last “submitted” answer set is graded.


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.


·        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.



Grading Criteria

Course Evaluation

 % Weights

5 Graded Discussions (postings);  3% each


3 Homework assignments


Mid-course exam


Term Project


 Final Exam


 Total Points



 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

Late Submission of Course Materials:

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.

Course Topic/Dates/Assignments:

Week 1 Activities:

Chapters 1, & 3

Grading:  Graded Discussion (topics posted online):

Introduction and ownership overview

Week 2 Activities:

Chapters 9 & 10 

Grading:  Homework #1 (file posted online):

Mathematics and Quantitative Analysis

Week 3 Activities:

Chapters  4 & 5

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

Financial Statement Analysis and Break-even analysis


Week 4 Activities:

Chapters  4 and 7.1

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


Cash analysis and Cash planning


Week 5 Activities:

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:

Chapter 7, 12

Grading:  Homework #4 and Graded Discussion

            (Additional effort toward completion of term project)

Capital Sourcing

Week 7 Activities:

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 2010-2011 Graduate Catalog Page 20


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 2010-2011 Graduate Catalog Page 20

Attendance Policy:

Instructors 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 2010-2011 Graduate Catalog Page 24

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: .


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Last Updated:5/24/2011 8:19:55 AM