BUAD 598D - CAM-Entreprenrshp/Pvt Entrprse

The creation, financing, valuation and management of both smaller enterprises and new businesses;

Working with and managing the smaller business enterprise or family business, and

The utilization and understanding of the various methods and structures of investing and financing through Bootstrapping, Venture Capital, Angel Networks and Private Equity sources.

The module enables students to integrate academic knowledge (through the classroom) and practical or applied knowledge (through interaction with successful entrepreneurs and speakers). Students will obtain a working understanding of ‘real world’ business situations. Learning is enhanced by students’ preparation and creation of their own business ideas and supporting business plans and augmented by the continuing participation of Executive Partners and other experienced business leaders with significant experience and expertise.

Increasingly, successful business professionals are working in smaller businesses and entrepreneurial enterprises where decisions are made in thousands and sometimes millions of dollars (not billions) and where decisions must be made in ‘real everyday dollars.’ Cash burn and working capital replace the P&L as a main concern and rounding up is replaced by ‘counting the pennies.’ This course is for those who wish to undertake a career journey in the direction of running a smaller enterprise or who want to develop an understanding of the alternative to a career in a large company or professional service firm.

The course explores comprehensive sets of real world business and financial situations - the word ‘sets’ is used to emphasize the integrative nature of problems in the small business. The emphasis is on those with an entrepreneurial spirit. The course is designed to cover most aspects of the entrepreneurial venture, including legal issues, structuring, strategic management, human resources, decision making, leadership, negotiation, family businesses, private equity, real estate, health care and intrapreneurship. In addition, the course will cover fund raising, early-stage, middle- and late-stage investments, buyouts and exit strategies. Discussions and cases will emphasize key financial considerations and ‘soft’ considerations, such as how to measure returns, valuation of the enterprise at different stages of development (pre-money/post money), term sheets and evaluating key employees and organizational effectiveness. Specific emphasis will be placed upon the creation and presentation of individual Business Plans.