NVD+Spring+2012

April 24 and 26
 * == Spring 2012 Semester == ||  ||
 * ==**Week 16**==

**April 24** Be prepared to finalize plans and presentations

**April 26** Business plan team presentations

**Week 15**
April 17 and 19
 * April 17 - Exam 2 Prep - Take-home emailed to you later in day
 * **April 19 - Exam 2 - take-home - no lecture so you can complete your exam**
 * **April 20 - Take-home Exam 2 due to nvdspring2012@gmail.com by midnight**

**New Venture Development Exam II materials**
 * [|Details]
 * [[file:profcraigarmstrong/NVD Exam II Materials.pptx|Download]]
 * 1 MB

**Week 14**
April 10 and 12


 * April 12**
 * Students' perceived barriers to entrepreneurship Spring 2012 (posted 4/12)
 * In-class versus take-home survey sent out by email
 * **Two** student presentations
 * **In-Class work on team projects - come to class ready to work on business plans - I expect major progress on your plans today!**


 * April 10**
 * In-Class work on team projects - come to class ready to work on business plans**
 * Google docs template - emailed to you in editable format**

Exemplar Business Plan: Seahorse Power Business Plan Template and Scoring Weights In-class presentation evaluation A student plan that did pretty well
 * [|Details]
 * [[file:profcraigarmstrong/Seahorse_Power_Company.pdf|Download]]
 * 1 MB
 * [|Details]
 * [[file:profcraigarmstrong/Business Plan Template and Scoring Weights.doc|Download]]
 * 24 KB
 * [|Details]
 * [[file:profcraigarmstrong/Business Plan Presentation Evaluation.pdf|Download]]
 * 10 KB
 * [|Details]
 * [[file:profcraigarmstrong/Hobos Hearty Meals.pdf|Download]]
 * 278 KB

April 3 and 5
New venture finance

April 3
Groupon update Student presentation(s)

** Read and prepare for April 5 lecture discussion: **
 * [|Details]
 * [[file:profcraigarmstrong/New Venture Finance Part I.pptx|Download]]
 * 43 KB
 * [|Details]
 * [[file:profcraigarmstrong/Build-Up Method Chapter 8 and Financial Statements.xls|Download]]
 * 97 KB
 * How much money does your new venture need? (handed out in class, April 3)
 * Two-Bit Rush


 * **Working capital assignment**
 * and*** Develop a plan for financing that grows Two-Bit into a chain of 50 stores by 10 years and lets the founders exit with an attractive return on investment - **be prepared to discuss and share your recommendations.**


 * Complete by April 5**

**April 5**

 * Student new venture project team assignments
 * Working capital assignment results
 * Google Ads
 * Two-Bit Coffee Financing to 50 (be prepared to turn in your assignment) [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.spreadsheetml.sheet.png width="32" height="32" caption="Two-Bit Coffee Financing to 50.xlsx" link="file:profcraigarmstrong/Two-Bit Coffee Financing to 50.xlsx"]] [[file:profcraigarmstrong/Two-Bit Coffee Financing to 50.xlsx|Two-Bit Coffee Financing to 50.xlsx]]
 * [|Details]
 * [[file:profcraigarmstrong/Two-Bit Coffee Financing to 50.xlsx|Download]]
 * 20 KB
 * Cash Flow Exercise (google docs)
 * Team Introductions

**Week 12**
The Working Capital Cycle explained!

March 27 and 29 More Working Capital Management Time Value of Money and Capital Budgeting (and relevance to entrepreneurs) Student Presentations


 * March 27**
 * Working Capital Management
 * Chapter 7 Current Liabilities Management

How to build small business credit: LetterLogic example Letter Logic valuation example:
 * [|Details]
 * [[file:profcraigarmstrong/Letter Logic.xlsx|Download]]
 * 10 KB


 * March 29**

(revised)
 * [|Details]
 * [[file:profcraigarmstrong/Capital budgeting.ppt|Download]]
 * 42 KB
 * [|Details]
 * [[file:profcraigarmstrong/capital budgeting.xls|Download]]
 * 42 KB

**Week 11**
March 20 Working Capital Management Lecture Topics
 * [|Details]
 * [[file:profcraigarmstrong/Ch07_Adelman&Marks.ppt|Download]]
 * 501 KB
 * Chapter 7 Current Asset Management [[image:http://www.wikispaces.com/i/mime/32/application/vnd.ms-excel.png width="32" height="32" caption="CH7 Current Assets Management.xls" link="file:profcraigarmstrong/CH7 Current Assets Management.xls"]] [[file:profcraigarmstrong/CH7 Current Assets Management.xls|CH7 Current Assets Management.xls]]
 * [|Details]
 * [[file:profcraigarmstrong/CH7 Current Assets Management.xls|Download]]
 * 110 KB


 * March 22**
 * //**582 Student presentations**//
 * Working Capital Management
 * Chapter 7 Current Liabilities Management

**Week 10**
March 13 and 15 **Spring Break** Submit your favorite entrepreneurship-themed pictures from spring break!

**Week 9**
March 6 and 8 Chapter 6: Pro Forma Financials
 * [|Details]
 * [[file:profcraigarmstrong/Business Models NVD.ppt|Download]]
 * 182 KB
 * Homework for Chapters 5 and 6 due by Friday, March 9
 * **You do not need to come to class on Thursday, March 8**

**Week 8**
February 28 and March 1


 * March 1**
 * Review homework
 * Profitability analysis
 * [|Details]
 * [[file:profcraigarmstrong/Chapter 4 Sam Handwich Sandwich Shop Financial Analysis w answers.xlsx|Download]]
 * 21 KB
 * [|Details]
 * [[file:profcraigarmstrong/Ch05_Adelman&Marks wo bankruptcy.ppt|Download]]
 * 235 KB

//Revised Exam 1 scores have been posted to eLearning (2/29)//

**Read Chapter 4 - 5 - 6** Ratio analysis, Profitability analysis, Pro Forma Financials


 * February 28**
 * What's going on with the pitching videos?
 * Pitching memos were due February 23 - submit now if you haven't already
 * 582 projects - need to start scheduling presentations - look for Google form later today for sign-up
 * Lecture Ratio and Profitability analysis

Homework assignment issued by email later on February 28; due March 1.
 * [|Details]
 * [[file:profcraigarmstrong/Chapter 4 homework w answers.xls|Download]]
 * 126 KB
 * [|Details]
 * [[file:profcraigarmstrong/Fake Quiz answers Chapter 4.pptx|Download]]
 * 41 KB

Meanwhile...."Occupy Leap Day"

**Week 7**
February 21 and 23

Feb 21 - Ratio analysis and Pitches

[|Even more advice on pitching]


 * Student Pitches, Thursday, February 23**

**Week 6**
February 14 and 16


 * February 14 **




 * Read Chapter 4 of New Venture Finance

First part of
 * Lecture**
 * [|Details]
 * [[file:profcraigarmstrong/Ch04_Adelson&Marks_Oct4.ppt|Download]]
 * 906 KB

Couture Chaos Amanda Perna


 * NVD Spring 2012 First Exam Feedback**


 * February 16**
 * Lecture topic and in-class exercises**


 * Analysis of Financial Statements**
 * Chipotle Financials
 * Vertical and Horizontal Analysis
 * Ratio Analysis
 * Excel File [[image:http://www.wikispaces.com/i/mime/32/application/vnd.ms-excel.png width="32" height="32" caption="Chapters 4&5 Ratios with SBUX.xls" link="file:profcraigarmstrong/Chapters 4&5 Ratios with SBUX.xls"]] [[file:profcraigarmstrong/Chapters 4&5 Ratios with SBUX.xls|Chapters 4&5 Ratios with SBUX.xls]]
 * [|Details]
 * [[file:profcraigarmstrong/Chapters 4&5 Ratios with SBUX.xls|Download]]
 * 94 KB
 * Notes [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png width="32" height="32" caption="Chapter 4 - Analysis of Financial Statements.pdf" link="file:profcraigarmstrong/Chapter 4 - Analysis of Financial Statements.pdf"]] [[file:profcraigarmstrong/Chapter 4 - Analysis of Financial Statements.pdf|Chapter 4 - Analysis of Financial Statements.pdf]]
 * [|Details]
 * [[file:profcraigarmstrong/Chapter 4 - Analysis of Financial Statements.pdf|Download]]
 * 58 KB
 * Brief overview of vertical versus horizontal analyses [[image:http://www.wikispaces.com/i/mime/32/empty.png width="32" height="32" caption="Analysis of Financial Statements.ppt" link="file:profcraigarmstrong/Analysis of Financial Statements.ppt"]] [[file:profcraigarmstrong/Analysis of Financial Statements.ppt|Analysis of Financial Statements.ppt]]
 * [|Details]
 * [[file:profcraigarmstrong/Analysis of Financial Statements.ppt|Download]]
 * 430 KB

**Week 5**

 * February 7 and 9**

February 7 - Exam preview and preparation Here are your slides to prepare for the first exam: and this page on forms of organizing
 * [|Details]
 * [[file:profcraigarmstrong/Chapters 1-3 Review Spring 2012 Semester.ppt|Download]]
 * 473 KB

**February 9 - Exam 1** **33 - 50 multiple-choice and short-answer questions from the Feb 7 slide deck and the wiki page on forms of organizing.**

**Week 4**
Opportunity registers - opportunity re-shaping
 * February 2**


 * January 31**

Industry of the week: The Art Industry "How can you pursue a profitable, thriving career as an artist?" Start with Business and Company Resource Center Trend of the Artist-Entrepreneur
 * Before:**
 * Read Chapter 3 of text
 * Lecture**:

Examples )
 * 20x200
 * AllPopArt
 * Financial statements( [[image:http://www.wikispaces.com/i/mime/32/application/vnd.ms-powerpoint.png width="32" height="32" caption="Ch03_no_animation.ppt" link="file:profcraigarmstrong/Ch03_no_animation.ppt"]] [[file:profcraigarmstrong/Ch03_no_animation.ppt|Ch03_no_animation.ppt]]
 * [|Details]
 * [[file:profcraigarmstrong/Ch03_no_animation.ppt|Download]]
 * 350 KB
 * See also page 5 and the financial statements of the [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="external image pdf.png"]]AutoShop.pdf Business Plan
 * In class:**

**Week 3**
January 24 and 26 **January 24 - Entrepreneurial Opportunities**
 * The opportunity: Relay Rentals
 * Lecture: [[image:http://www.wikispaces.com/i/mime/32/empty.png width="32" height="32" caption="Entrepreneurial Opportunities - Chapter 2.ppt" link="file:profcraigarmstrong/Entrepreneurial Opportunities - Chapter 2.ppt"]] [[file:profcraigarmstrong/Entrepreneurial Opportunities - Chapter 2.ppt|Entrepreneurial Opportunities - Chapter 2.ppt]]
 * [|Details]
 * [[file:profcraigarmstrong/Entrepreneurial Opportunities - Chapter 2.ppt|Download]]
 * 1 MB

**Homework due at beginning of class on 1/26** - Opportunity reshaping assignment

Read Chapter 2 of Adelman and Marks

 * Additional Reading assignment in advance of January 26 lecture**

Note: Start thinking about your pitching projects - all of you will pitch in class on **February 14**
 * For January 26**
 * 1) **Your pitch should be about one minute**
 * 2) **Identify a big pain or unmet need a group of people is having - grab the emotions of the audience**
 * 3) **Introduce your solution to the unmet need; what does it do?**
 * 4) **Differentiate your solution from the old "bad" solution**
 * 5) ** State why you're the one to lead this solution **
 * 6) **Urge your audience to take action**

More pitches* ==Live Chat with Billionaire Entrepreneur Mark Cuban: Fri., Jan. 27 at 1 p.m. ET==
 * Before:**
 * **Homework due at beginning of class on 1/26** - Opportunity reshaping assignment
 * Reading assignment in advance of January 26 lecture
 * In class**
 * See the results of your opportunity re-shaping for Tuscaloosa Karaoke!
 * Write your own pitch for Tuscaloosa Karaoke
 * How to pitch a brilliant idea (Elsbach, HBR, 2003) [[image:http://www.wikispaces.com/i/mime/32/application/vnd.ms-powerpoint.png width="32" height="32" caption="How to pitch a brilliant idea.ppt" link="file:profcraigarmstrong/How to pitch a brilliant idea.ppt"]] [[file:profcraigarmstrong/How to pitch a brilliant idea.ppt|How to pitch a brilliant idea.ppt]]
 * [|Details]
 * [[file:profcraigarmstrong/How to pitch a brilliant idea.ppt|Download]]
 * 14 KB
 * Maid to Order (8:14)
 * The Wand Company (12:00)

**Week 2**
January 17 and 19


 * Homework assignment - I sent links to a survey to each of you using your crimson.ua.edu email addresses. If you did not get an email from me, please contact me at nvdspring2012@gmail.com so I can send you the link. **

Presentation Topics

 * Thundershirt for dogs!
 * The Private Race to Space
 * Farming in the Sky
 * Luxury Getaways of the Future
 * Sportcuts Haircuts for Men


 * Main Topics**


 * [[image:http://www.wikispaces.com/i/mime/32/empty.png width="32" height="32" caption="ch01 Foundations for NVD.ppt" link="file:profcraigarmstrong/ch01 Foundations for NVD.ppt"]] [[file:profcraigarmstrong/ch01 Foundations for NVD.ppt|ch01 Foundations for NVD.ppt]]
 * [|Details]
 * [[file:profcraigarmstrong/ch01 Foundations for NVD.ppt|Download]]
 * 441 KB
 * [[image:http://www.wikispaces.com/i/mime/32/empty.png caption="external image empty.png" link="file:profcraigarmstrong/Ch01_Revised.ppt"]] [[file:profcraigarmstrong/Ch01_Revised.ppt|Ch01_Revised.ppt]]


 * January 17 **
 * Pitching
 * Pre-lecture topics
 * Business: Luxury Jets!
 * Exercise: __Evaluating student pitches__ (link only works in class)


 * Look for homework assignment later today (1/17) **


 * Suggested Readings:**
 * Read this essay by Walt Mossberg on Steve Jobs
 * Does anger promote creativity? This article in Wired provides anecdotal and empirical evidence.
 * Learning from failure: Apple's most notorious flops (external link to Wired)

**Week 1**
January 12 Preview of course Homework assignment: Crimson Tide Football Trivia

Files: || **May!** ||
 * [|Details]
 * [[file:profcraigarmstrong/Syllabus MGT 482-582 Spring 2012.doc|Download]]
 * 42 KB
 * == Fall 2012 Semester == ||  ||