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MBA 643 Entrepreneurial Finance
Batson, Zach


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

MBA 643 Entrepreneurial Finance

Semester

F1P 2012 MBD

Faculty

Batson, Zach

Title

Adjunct Professor

Degrees/Certificates

MBA

Office Hours

Directly following class

E-Mail

zach.batson@park.edu

zbatson@assetmgmtgrp.com

Class Days

Monday

Class Time

5:30 - 9:50 PM

Credit Hours

3


Textbook:

Title: Entrepreneurial Finance, 4th Edition

Author: Leach / Melicher

ISBN-13: 978-0538478151

Copyright year: 2011

 

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

A subscription to the Wall Street Journal or access to a copy is highly recommended as real-world example will be covered on a consistent basis.

A financial calculator that YOU are familiar with operating is critical.

 

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/.


Course Description:

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. Prerequisite: FI 615. 3 hour credit.

Educational Philosophy:

The educational philosophy applied in this course, and used to achieve the course objectives, is one of applied critical thinking. You are expected to come to class having read the course material so that the educational time between your peers and the instructor can be maximized by using case examples, theoretical problems, and real world cause / outcome scenarios.

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:

Oral Presentation: Each student is required to prepare a 2 minute mini-report to give to the class following each of the in class guest speakers. Students are to respond to the following concisely and with specifics! Rubric to be provided in class.

                1) What did the guest speaker say that you found to be counter intuitive (and be sure to explain WHY you  found this information counter intuitive)

                2) What did the guest speaker say that you believe might only apply to their industry (i.e. would the information presented be different if the speaker were working in another industry / profession). Why?

Term-Project - There will be one major project in this course providing you the opportunity to demonstrate mastery of the concepts we’ve studied, your critical thinking skills and your communication skill. Rubric will be handed out day one.

Mid-term and Final - written essay format exams - open note.

Quiz / Homework - up to three total. Homework will be turned in the week following its assignment, and quizzes will be unannounced and relate specifically to the reading that is to be completed by the class time. 

 

Note:

All examinations will be administered in written essay and problem format. You are expected to show your work on all problems and explain thoroughly responses to essay questions. Students will be provided 1.5 hours for each exam and 2 hours for the final. The case project will be graded based on the rubric provided in class.

 

 

Grading:


Course Evaluation

 % Weights

3 Oral mini-presentations in class

20%

3 Homework / Quiz assignments

20%

Mid-course exam

20%

Term Project

20%

 Final Exam

20%

 Total Points

100%

 Grading Scale


 A =

 90 – 100%

 B =

 80 - 89%  

 C =

 70 - 79%   

 D =

 60 – 69%

 F =

 59% and below

Late Submission of Course Materials:

If you miss a test or assignment without making prior arrangements, a grade of zero will be given. If you miss an exam with a legitimate excuse, the weight of the exam will be added to the final. No make-up exams will be given. See me as soon as you become aware of any conflicts. Finance builds on itself. You will have a difficult time doing well on the second exam if you did not study for the first exam. So keep up. If you feel yourself being overwhelmed seek help from me as soon as possible. All students are required to complete all assignments and exams independent of anticipated graduation dates.

Classroom Rules of Conduct:
The classroom is a place of learning.  No conduct by any member of the class that would reduce the ability of all class members to learn will be accepted.

Course Topic/Dates/Assignments:

 

Week 1 Activities:

Readings:
Chapters 1, 2 & 3

 

Week 2 Activities:

Readings:
Chapters 4 & 6 

Guest Speaker

Week 3 Activities:

Readings:
Chapters  7 & 8

 

Week 4 Activities:

Readings:
Chapter  9

Take Mid-term exam during class

Week 5 Activities:

Readings:
Chapters  11 & 12


Guest Speaker

Week 6 Activities:

Readings:
Chapter 13

Guest Speaker

Week 7 Activities:

Readings:
Chapter  15

Guest Speaker (alternate day if someone has to cancel)

Week 8 Activities: 
Turn in course project, and Final exam!

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 2012-2013 Graduate Catalog Page 21-22

Plagiarism:

Plagiarism is 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 2011-2012 Graduate Catalog Page 21


Attendance Policy:

Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools. Park University 2012-2013 Graduate Catalog Page 26

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:8/14/2012 8:03:57 AM