NVD+Fall+2012

=MGT 482/582 - Fall 2012 Semester= 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 ==) Syllabus==
 * ==(==
 * [|Details]
 * [[file:profcraigarmstrong/mgt482-582_fall2012.doc|Download]]
 * 42 KB

|| * **New Venture Development Calendar** = Course Schedule and Topics =
 * **Course files**
 * **Pitching Gallery**
 * **New Venture Business Ideas from Fall 2011** ||

MOOT Corp Business Plans
= Remaining Deliverables and Dates: = //** This project is cancelled in the interest of getting the highest-quality business plans I can get from all of you by December 7. Each student will receive full credit for the assignment. **//
 * Revised Pitching Project Assignment: Due 11/9
 * $9 bicycle project: Multiple due dates, first date 11/2
 * Third Exam: November 15
 * Business Plan Improvement Project: 12/4 [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.wordprocessingml.document.png width="32" height="32" caption="Business Plan Improvement Project Guidelines.docx" link="file:profcraigarmstrong/Business Plan Improvement Project Guidelines.docx"]]
 * [|Details]
 * [[file:profcraigarmstrong/Business Plan Improvement Project Guidelines.docx|Download]]
 * 15 KB
 * Team business plan project: Final plans due on December 7 by midnight.

Some tips for Logo Design
**Build-up Method for Pro Forma Financials**


 * ~ ==Now and Before== ||~ ==Coming Soon== ||
 * == Fall 2012 Semester == ||  ||
 * == Week 15 ==
 * November 27**
 * Form Teams : []
 * Teamwork in class
 * Preview use of google docs for written plans
 * My goal is for you to be able to complete as much of your written plan as possible during class time. Do not simply assign responsibilities to each other and then defer action to the future.

Team assignments
 * in Projects section of wiki

Here is your Excel template for revenue and cost assumptions|| ||
 * Simplified revenues and costs worksheet with income statement.xlsx ||


 * [|Details]
 * [[file:profcraigarmstrong/Simplified revenues and costs worksheet with income statement.xlsx|Download]]
 * 18 KB


 * November 29**
 * Teamwork in class

November 20 - Lecture cancelled for student travel

November 22

//Thanksgiving Break//

Week 13
// Over the weekend, read this wiki offering on Working Capital Management //

November 13 Finish valuations and pro formas


 * November 15 **

Third exam

//**Revised Pitching Project Assignment: Due 11/9**//

// Pro formas, valuation, and term sheets //


 * November 6**
 * Assignment update: Business Plan Improvement Project
 * Finish Working Capital Management

// Supplemental Exam 2 **due at beginning of class November 8** // Pro forma financials, valuations, and term sheets An instructive but oversimplified pro forma planning sheet A detailed pro forma worksheet - Autoshop And a build-up worksheet for Autoshop Read: Evernote CEO Phil Libin in No Rush for an IPO Two-Bit Coffee to 50 Term Sheets Short cuts to a new venture: buy an existing business, but what about "[|For sale by owner]"
 * November 8**
 * [|Details]
 * [[file:profcraigarmstrong/crimson dogs pro formas.xlsx|Download]]
 * 12 KB
 * [|Details]
 * [[file:profcraigarmstrong/Autoshop Pro Formas.xlsx|Download]]
 * 19 KB
 * [|Details]
 * [[file:profcraigarmstrong/Autoshop Build-up.xlsx|Download]]
 * 11 KB
 * [|Details]
 * [[file:profcraigarmstrong/Two-Bit Coffee Financing to 50.xlsx|Download]]
 * 20 KB

Week 11
October 30 - Work on Business-Plan-on-a-page and $9 bike projects out of class

November 1
 * // Working Capital Management //
 * // Hand out supplemental Exam 2 - **due in class November 8** //
 * [|Details]
 * [[file:profcraigarmstrong/Ch07_Adelman&Marks.ppt|Download]]
 * 501 KB

Week 10

 * Exam II scores have bee posted to eLearning (4:45pm, 10/22) **
 * Class average 78
 * Class median 79
 * Class standard deviation 11.8
 * Class high score 100 (2 students)
 * See the distribution of exam scores here
 * [[image:http://www.123glitter.com/animated/73/a.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/n.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/n.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/o.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/u.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/n.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/c.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/e.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/m.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/e.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/n.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/73/t.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]] ||

//**See this Revision to the Pitching Project Assignment**//


 * // Topic: Forecasting //**

October 23 Forecasting: Click here for lecture files

October 25
 * //**Catching up on course deliverables and milestones**//
 * //**How venture capitalists evaluate business plans**//
 * [|Details]
 * [[file:profcraigarmstrong/How venture capitalists evaluate potential venture opportunities.ppt|Download]]
 * 118 KB

Week 9

 * I have emailed two separate practice quizzes already today (as of 2:45pm) - if you did not receive them by email, contact me at carmstro@cba.ua.edu **

Second exam - Chapters 4 and 5 - //**You can bring and use your text, notes, and calculators for the exam on October 18.**//
 * October 18 **


 * October 16**

More profit, profitability, and break-even analysis

Before class, read Netflix 2012 Main lecture topic: More financial statement analysis Class-work:
 * October 9**
 * [|Details]
 * [[file:profcraigarmstrong/Chapter 4 homework w answers.xls|Download]]
 * 126 KB

//Look for an optional homework assignment due Oct 11// //**Optional homework:**//
 * [|Details]
 * [[file:profcraigarmstrong/Chapter 4 Sam Handwich Sandwich Shop Financial Analysis w answers.xlsx|Download]]
 * 21 KB

Chapter 5: Profit, profitability, and break-even analysis //One Powerpoint and two Excel files//
 * October 11**
 * [|Details]
 * [[file:profcraigarmstrong/Ch05_Adelman&Marks w examples.ppt|Download]]
 * 481 KB
 * [|Details]
 * [[file:profcraigarmstrong/Carls Trucks.xlsx|Download]]
 * 9 KB
 * [|Details]
 * [[file:profcraigarmstrong/Autoshop Pro Formas.xlsx|Download]]
 * 19 KB

Week 7

 * October 2**
 * Review Papa Wheelie's pro forma financials
 * Financial Statement Analysis - Relevance to Business Plans
 * Business Model Generation [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png width="32" height="32" caption="Business Model Generation.pptx" link="file:profcraigarmstrong/Business Model Generation.pptx"]] [[file:profcraigarmstrong/Business Model Generation.pptx|Business Model Generation.pptx]]
 * [|Details]
 * [[file:profcraigarmstrong/Business Model Generation.pptx|Download]]
 * 248 KB
 * Update on MGT 582 project: The 9 dollar cardboard bike

Optional Homework: Practice on financial statement analysis (will post them here later; 10/2)

Fall Break
 * October 4**

Week 6
Review Exam I Fall 2012 Exam I Distribution
 * September 25**

Lecture Topic: Analysis of financial statements
 * [|Details]
 * [[file:profcraigarmstrong/Ch04_Adelson&Marks_Fall2012.ppt|Download]]
 * 902 KB

Look for a homework assignment in email by end of day today; due beginning of class, Thursday Sep 27

More analysis of financial statements
 * September 27**


 * September 18**

Preview of exam 1 - more financial statements


 * September 20**

First exam

Week 4

 * September 10: Remember to submit your homework by midnight**


 * September 11**

Recap: Autoshop Opportunity Assessment Prior to class, read Chapter 2 of the text.

Topic: Financial management and planning

Lecture notes:
 * [|Details]
 * [[file:profcraigarmstrong/Financial management and planning.ppt|Download]]
 * 54 KB

Read chapter 3 of text prior to class.
 * September 13**
 * 20x200
 * AllPopArt

Topic: Financial Statements
 * Financial statements [[image:http://www.wikispaces.com/i/mime/32/application/vnd.ms-powerpoint.png width="32" height="32" caption="Ch03_NVD_no_animation.ppt" link="file:profcraigarmstrong/Ch03_NVD_no_animation.ppt"]] [[file:profcraigarmstrong/Ch03_NVD_no_animation.ppt|Ch03_NVD_no_animation.ppt]]
 * [|Details]
 * [[file:profcraigarmstrong/Ch03_NVD_no_animation.ppt|Download]]
 * 439 KB
 * Plasphalt Balance Sheet (mock-up) [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.spreadsheetml.sheet.png width="32" height="32" caption="Fake Balance Sheet for Plasphalt Company.xlsx" link="file:profcraigarmstrong/Fake Balance Sheet for Plasphalt Company.xlsx"]] [[file:profcraigarmstrong/Fake Balance Sheet for Plasphalt Company.xlsx|Fake Balance Sheet for Plasphalt Company.xlsx]]
 * [|Details]
 * [[file:profcraigarmstrong/Fake Balance Sheet for Plasphalt Company.xlsx|Download]]
 * 12 KB

Week 3

 * September 4**

Business O' the day: Sportcuts Haircuts for Men

What makes a marathon or half-marathon a top choice for runners? Runner's World "Bart Cast" on half marathons
 * Half-Marathon Project Update**
 * Top 25 Half Marathons in US**

Lecture topic Opportunity costs Another real-world example! Costs and benefits of alcohol use
 * [|Details]
 * [[file:profcraigarmstrong/Opportunity Costs.ppt|Download]]
 * 993 KB

Homework: Attributes of a TOP half-marathon

More pitches*
 * September 6**
 * Pre-Lecture: Review of half marathon homework**
 * Lecture Topic: Pitching and Presenting**
 * 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)

Chain Store Age Autoshop


 * Lessons:**
 * Your audience will try to stereotype you - understand this and use this to your advantage
 * The logic of how you make money must be convincing; you must clearly articulate this
 * It is easier than ever to do research on your target market and competitors; this means you need to do more than you used to
 * Prototypes and product examples can make a good presentation a great one
 * [[image:http://www.123glitter.com/animated/4/h.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/o.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/m.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/e.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/w.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/o.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/r.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/k.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]] ||

Homework Due September 10. Autoshop Business Plan Feasibility Assessment

Opener - a quick tour of course files available for you
 * August 28**

Topics

 * What is an opportunity? - http://profcraigarmstrong.wikispaces.com/Opportunities
 * Entrepreneurial opportunities [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png width="32" height="32" caption="Entrepreneurial opportunities.pptx" link="file:profcraigarmstrong/Entrepreneurial opportunities.pptx"]] [[file:profcraigarmstrong/Entrepreneurial opportunities.pptx|Entrepreneurial opportunities.pptx]]
 * [|Details]
 * [[file:profcraigarmstrong/Entrepreneurial opportunities.pptx|Download]]
 * 241 KB
 * Opportunity shaping and reshaping - stop at slide 13 [[image:http://www.wikispaces.com/i/mime/32/application/vnd.ms-powerpoint.png width="32" height="32" caption="Opportunity Recognition Shaping & Reshaping.ppt" link="file:profcraigarmstrong/Opportunity Recognition Shaping & Reshaping.ppt"]] [[file:profcraigarmstrong/Opportunity Recognition Shaping & Reshaping.ppt|Opportunity Recognition Shaping & Reshaping.ppt]]
 * [|Details]
 * [[file:profcraigarmstrong/Opportunity Recognition Shaping & Reshaping.ppt|Download]]
 * 5 MB
 * Exercise - Tuscaloosa Karaoke
 * Homework due midnight, August 29 Tuscaloosa Karaoke


 * [[image:http://www.123glitter.com/animated/4/h.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/o.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/m.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/e.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/w.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/o.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/r.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/k.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]] ||


 * August 30**


 * Pre-Lecture**
 * Instructable - Make yourself a giant on your webcam
 * Airbus Fly Your Idea Brief Competition


 * Topics**
 * Opener - The importance of a strong founding team: Bump
 * Team skills for new venture teams and consulting engagements - [[image:http://www.wikispaces.com/i/mime/32/empty.png width="32" height="32" caption="Team skills.ppt" link="file:profcraigarmstrong/Team skills.ppt"]] [[file:profcraigarmstrong/Team skills.ppt|Team skills.ppt]]
 * [|Details]
 * [[file:profcraigarmstrong/Team skills.ppt|Download]]
 * 237 KB
 * New Venture Value Chain [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png width="32" height="32" caption="The Venture Value Chain.pptx" link="file:profcraigarmstrong/The Venture Value Chain.pptx"]] [[file:profcraigarmstrong/The Venture Value Chain.pptx|The Venture Value Chain.pptx]]
 * [|Details]
 * [[file:profcraigarmstrong/The Venture Value Chain.pptx|Download]]
 * 68 KB
 * Rules of Engagement - The TEAM framework [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png width="32" height="32" caption="Rules of engagement.pptx" link="file:profcraigarmstrong/Rules of engagement.pptx"]] [[file:profcraigarmstrong/Rules of engagement.pptx|Rules of engagement.pptx]]
 * [|Details]
 * [[file:profcraigarmstrong/Rules of engagement.pptx|Download]]
 * 51 KB
 * Comparison of effective and ineffective teams
 * See also: Max Ringelmann
 * === Week 16 ===

December 4 December 6 //Both days: in-class work on business plans//

August 23
 * December 7 - Written plans are due to nvdbama@gmail.com by midnight. Provide a Word formatted or google docs form of your written plan and an Excel worksheet showing pro forma income statements.** ||
 * Week 1

Preview syllabus http://profcraigarmstrong.wikispaces.com overview Google docs - Getting to know you Communications - email me at nvdbama@gmail.com ||  || ==**see the results here also see this word cloud on your answers**==
 * [|Details]
 * [[file:profcraigarmstrong/mgt482-582_fall2012.doc|Download]]
 * 42 KB
 * || [[image:http://www.123glitter.com/animated/4/h.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/o.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/m.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/e.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/w.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/o.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/r.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]][[image:http://www.123glitter.com/animated/4/k.gif caption="Myspace Glitter" link="http://www.123glitter.com/"]] ||
 * Homework - Due by midnight Sunday, Aug 26**
 * click on this link --> for the Capitalism has an image problem? homework**