ENTR 2201 – FUNDING ACQUISITION FOR ENTREPRENEURS

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I.COURSE TITLE:Funding Acquisition for Entrepreneurs

COURSE NUMBER:2201CATALOG PREFIX: ENTR

II.PREREQUISITE(S):ENTR 1150

III.CREDIT HOURS:3LECTURE HOURS:3

LABORATORY HOURS:0OBSERVATION HOURS:0

IV.COURSE DESCRIPTION:

The student will understand and demonstrate an understanding of acquiring funding for a business venture. They will also understand the impact of funding sources. The importance of the financial health of a business will also be examined. The student will also develop and present a funding proposal.

V.GRADING

Grading will follow the policy in the college catalog.

A = 90 - 100

B = 80 - 89

C = 70 - 79

D = 60 - 69

F = 0 - 59

VI. ADOPTED TEXT(S):

Get Financing Now: How to Navigate Through Bankers, Investors, and Alternative Sources for the Capital Your Business Needs

Charles Green

McGraw-Hill, New York, NY.

ISBN: 9780071780315

VII.LEARNING OBJECTIVES:

Upon successful completion of 70% or higher in this course a student will:

  1. Describe the history, purpose, structure, activities, and priorities of the capital funding from the funder’s perspective to enable a successful relationship with funders
  2. Recognize the importance, applicability, and functions of financial and business planning through strategic and market analysis, and the development of financial projections, cost and cash flow projections.
  3. Identify the stages, sources, and language of business financing
  4. Demonstrate the ability to value a company’s net worth based on various methods, including the income, asset and market approaches.
  5. Examine the practical and legal aspects of raising capital including deciding how much capital to raise, understand the process of raising capital and the legal restrictions.
  6. Compare alternative sources of capital including private investors/Angels, corporate investors, and financial institutions.
  7. Assess their own business against criteria including evaluation of the business idea, their own management capability, and the use of external advisors to achieve idea progress, and the legal requirements for business formation.
  8. Develop a funding proposal

VIII.COURSE METHODOLOGY:

The course will utilize the textbook as its primary pathway. Individual class sessions may include lecture, discussion, video, guest presenters, online and handout material, internet-based work assignments, student presentations, and quizzes and exams as determined by the instructor.

IX.COURSE OUTLINE:

SampleCourse Outline

Week / Chapter / Topic / LO
1 / 1
2 / Business Finance Fundamentals Part 1 / 1,2,8
2 / 3 / Business Finance Fundamentals Part 2 / 3,5,8
3 / 4 / Business Finance Fundamentals Part 3 / 3,5,8
4 / 5
6 / Basics to Becoming Fundable Part 1 / 2,7
5 / 7 / Basics to Becoming Fundable Part 2 / 2,7
6 / 8 / Basics to Becoming Fundable Part 3 / 3,5,8
7 / 9 / Financial Reporting for Rookies Part 1 / 2,4,8
8 / 10 / Financial Reporting for Rookies Part 2 / 2,4,8
9 / 11
12 / Best Sources for Start-up Capital / 3,5
10 / 13 / Best Sources for Equity Capital / 1,3, 5
11 / 14
15 / Best Sources for Debt Capital Part 1 / 3,5,6
12 / 16 / Best Sources for Debt Capital Part 2 / 3,5,6
13 / 17 / Best Sources for Debt Capital Part 3 / 3,5,6
14 / 18 / Best Sources for Debt Capital Part 4 / 3,5,6
15 / 19 / Where to Go Next / 7,8
16 / Final / 6,7,8

X.OTHER REQUIRED TEXTS, SOFTWARE, AND MATERIALS: NONE

Will be at the discretion of the instructor

XI.EVALUATION:

Suggested evaluation:

Funding Proposal75%

Exams25%

Total 100%

XII.SPECIFIC MANAGEMENT REQUIREMENTS:

Students are required to be in attendance in accordance with SSCC policy, and to participate fully in class activities and discussions. Reading is to be done as assigned, and homework tasks are required.

Classroom Conduct

Civility in the classroom is very important. As adults and professionals, students are expected to conduct themselves in a courteous and respectful manner. Disruptive, rude, sarcastic, obscene or disrespectful speech or behavior has a negative impact on everyone, and will not be tolerated. Personal electronic devices, such as laptops, Blackberries and cell phones, should be off or used only for class purposes. All students are expected to be aware of, and to follow, SSCC’s Academic Misconduct Policy.

XIII.OTHER INFORMATION:

FERPA: Students understand that work completed for this class may be seen by others if used for demonstration or teaching purposes, during group activities, or while being distributed. Some work may be read aloud or copied for limited distribution.

DISABILITIES: Students with disabilities may contact the Disabilities Service Office, Central Campus, at 800-628-7722 or 937-393-3431.

GROWTH IN KNOWLEDGE, SKILLS, and ABILITIES: Students completing this course successfully can expect to improve in the following:

  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Computers and Electronics — Knowledge of computer hardware and software, including applications.
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  • Complex Problem Solving — Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Systems Analysis — Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
  • Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense.
  • Inductive Reasoning — The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).