New+Venture+Development

=MGT 482/582-002 - Spring 2013= This course provides an opportunity to develop a business plan for a new venture or for expansion of an existing company. Students are expected to acquire skills in evaluating business ventures; to learn alternative financing sources; to develop ideas for differentiating products; and to develop an understanding of what is required to harvest the profits of a growing business. 3.0 Credit hours
 * **([[file:mgt482-582_spring2013.doc]]) Syllabus**

|| * **Course files** = Lecture: Alston 20, Tuesdays and Thursdays, 11:00am-12:15pm = = Key deliverables, dates, and (percentage of grade):  =
 * MOOT Corp Business Plans
 * Some tips for Logo Design
 * Build-up Method for Pro Forma Financials ||
 * Quiz on finance and accounting basics - January 22 (10%)
 * Exam 1 - //** February 7 **// (20%)
 * Exam 2 - //** March 14 **// (20%) (first revised on 2/19; second revision 3/5)
 * Exam 3 - April 18 (20%)
 * One business plan improvement project S-1 filings and their interpretation project ( // ** 10%, due 4/14 ** // ). This is an individual project. See Week 14 below to view companies eligible for this analysis and instructions for performing the analysis.
 * //Intellectual property project// - Business Model Generation Canvas for a technology venture - will be performed in and out of class around April 16 (10%). This is an individual project. Your work on this project should seamlessly follow the work you did on the S-1.
 * Business plans - you will be on a team of students who "re-write" business plans for the company you chose for your S-1 project. (10%). Instead of writing a full plan, you will present the major sections to the class on the last day of the semester (4/25). Submit final PPT files to me at nvdbama@gmail.com.
 * ~ ==Now and Before== ||~ ==Coming Soon== ||


 * April 23**


 * [|Last lecture of semester]**


 * April 25**


 * No lecture - no assignments due**

** April 18 **
Click on this link to see results of Post-Exam III Survey

// **Third exam** // -
 * 30 multiple-choice questions: Click here for practice questions**

Questions for this exam will be based on lectures and readings for

==// **Here is the Powerpoint file with all content that is fair game for the exam. This exam will be less quantitative than the previous two. I will write exam questions using ONLY the content in these slides.** //==
 * organic growth,
 * venture capital,
 * the business model generation canvas, and
 * business plans.

//These topics fulfill the promise in the course description (above) of " developing an understanding of what is required to harvest the profits of a growing business." //


 * April 16**

Business Model Generation Canvas assignment in class and // **turned in at end of class** //
//**See also these slides on critical success factors for new ventures - Starbuck's closed only 2 of the first 1,000 stores it opened!**//

Week 14

 * April 11 **
 * ** S-1 filings and their interpretation - (4/9 update: Assignment and worksheet are now available - 2:30pm) **
 * ** Business Model Generation Canvas - (read the information on this linked page, then click through to submit your assignment - due 4/16) **


 * April 9**

Homework due April 4: Develop some recommendations for the Martins on how to proceed to grow to 50 stores in 10 years. Your recommendations should state or re-state key facts and assumptions and be supported by a spreadsheet combining numbers of stores, income statement elements (revenues, gross margins, operating costs, net incomes), and investments in new stores.

//** AND DISCUSSION: Venture Capital **//

// ** April 2 ** //
//** Review second exam, concept business pitch competition, organic growth assignment. **//

//** April 4 **//

Guest speakers!

 * Jeremy Greenfield and Kayvon Olomi, co-founders of divvy **

Week 11
Intellectual property commercialization exercises in class "Much fun you will have."
 * March 19**

IP commercialization resources at the University of Alabama
 * March 21**

and a focus on Pitches

//**March 12**//

Reconciling Proof Eyewear, Bigfoot, Dell inventory, working capital management, and raising capital //** Read **// this chapter on Forecasting:

Here is a starter kit of slides for "fair game" materials for the second exam. You are responsible for the material in these slides and asking me any questions you have about the content. We will go over this material in class on Tuesday.

//** March 14 **//

media type="custom" key="22457178"
I decided to reduce the number of questions and content that will be on tomorrow's exam. This file of PPT slides covers all the questions that will be on exam 2.
 * Exam 2 **

March 5
Armstrong lecture in class - working capital management issues - inventory focus

Read:
Working capital management Houndstooth Hut EOQ analysis (excel in public)

Reordering point calculation

See also: Economic order quantity calculator (note: this calculator uses slightly different terminology, but the relationships are the same)


 * March 7**

** Lecture canceled - look for a PPT file with all content that will be fair game for the exam on 3/14 **

 * Read ** : 3 ways Facebook changed the IPO process

and Snappy Auctions case

//Visit the Proof Eyewear wiki page, watch the video, and then answer discussion questions//

February 28

//**Mandatory in-class lecture from Dr. Jeffrey Martin on technology commercialization - you will receive materials by email on February 25**// //** See: ** **Bigfoot Networks**//

Reinforcement homework!
Dell Computer has been in the news recently because of founder Michael Dell's efforts to take the company "private." Dell is concerned about the relevance of personal computers in the coming decades and impacts on the sustainability of his business model. **But does this also mean that performance is down?** Quarterly data for both Dell Computer (DELL) and direct competitor Hewlett-Packard Computer (HPQ) for COGS (11/1/12 reporting for Dell, 10/30/report for HPQ), and inventory data (use the average value between quarterly figures for the most recent report and its immediate predecessor). Using this information calculate the number of inventory turns for each company in its most recent reporting quarter.
 * Go to [|Yahoo! Finance] and get the following information: **


 * Do the results surprise you? What do the numbers suggest about relative performance?**


 * Post comments and discussion using [|this link].**

February 19 and 21

Read
Working capital management - current assets
 * Working capital management and**

Working capital management - current liabilities Sorry for the poor quality of these PDFs - they did not "optimally" scan

and Sometime this week: //** watch **// the Campaign to Raise Capital

Exam I review Here's what you had to say about the first exam
 * February 12**


 * // Budgeting - Homework // - Joe D Plummer Cash Flow**


 * February 14 **



Review and discuss - Joe D Plummer Cash Flow Plus, Your Answers!

Forecasting and working capital management


 * February 5**

[[file:Profitability break-even and leverage.ppt]]
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 * You can use this link to see how fellow students responded to the Exam Prep questions: NVD Exam 1 Prep. One note: do not confuse variable costs with fixed costs.**


 * February** **7**

Exam 1 - in class; calculators suggested


 * More financial statement analysis**

Review PPT file below { Ch04_Adelman&Marks_Fall2012.ppt } Read Autoshop's business plan Preview Autoshop's financial analysis spreadsheet
 * January 29**

Profitability analysis
 * January 31**

Week 3
//**Reading assignments will be posted on January 18.**//


 * January 22 - Quiz on Financial and accounting terms**
 * January 24 - Review quiz**


 * Intro to financial statement analysis**

Week 2
Finance and accounting terms
 * January 15 **
 * Crimson Dogs example

Read STVP How to read a financial statement
 * January 17 **

Week 1

 * January 10 **


 * Preview syllabus
 * http://profcraigarmstrong.wikispaces.com overview
 * Google docs - Getting to know you
 * Communications - email me at nvdbama@gmail.com


 * Deliverables **
 * 1) **Getting to know you: visit and complete Getting to know you survey before end of January 11.**
 * 2) **Email communications (due no later than January 11): Send me a head-shot photo of yourself to me at nvdbama@gmail.comwith the email account you prefer to use for this course.**
 * 3) **Click on** ** Join ** **in the above right corner to join this wiki.**

|| ==// **Related** //==


 * **Building credit - View: How to build credit for your business**
 * **Technology licensing**
 * **IP commercialization**
 * **Financing high potential growth ventures**
 * **Angel financing**
 * **Venture capital and term sheets**
 * **New venture valuation (balance sheet, income statement, and discounted cash flow methods)**
 * **Technology Commercialization Manual** ||