New Venture Development Course Opener August 25, 2011

Outline About me About the course About my expectations for you

About me PhD strategy and entrepreneurship, University of Texas at San Antonio MBA finance and entrepreneurship, University of Maryland BS chemistry, Kent State US Army officer Environmental consultant Consultant to green tech start-ups Doctoral student and professor

Courses I’ve taught At U of Alabama MGT 386, Foundations of Entrepreneurship MGT 482, New Venture Development MGT 491, Entrepreneurship Italy Everywhere else Strategy capstone Finance Accounting Business management Intro to management Entrepreneurial strategies

Milestones Students have entered Alabama’s elevator pitch competitions and business plan competitions One 386 (50 students) course earned close to $10,000 from their own businesses

About the course Focus on business planning, team function, role of opportunities, opportunity shaping and reshaping, financial analysis Course wiki: profcraigarmstrong/wikispaces.com Course text: Adelman and Marks

Contact Office hours: 1 – 4 pm Wednesdays or by appointment Phone: Office location: Alston

Learning outcomes 1.Use and relate financial and economic concepts 2.Read and analyze financial statements 3.Critically evaluate the feasibility of an entrepreneurial opportunity 4.Prepare and analyze financial forecasts and pro forma statements for a small business 5.Perform profit, profitability, and break-even analyses 6.Determine the time value of money

Deliverables 3 Exams (60% of grade) –September 22, October 25, December 1 –Multiple choice and calculations (get a calculator) Pitching project (10% of grade) –5% memo, 5% presentation –September 27 and 29 Team project – business plan (15%) –Presentations December 6 & 8 (5%) –Written report due December 8 (10%) –Peer evaluation to adjust accordingly Individual assignments and homework (15%) –Both in class and out of class throughout semester –Extra individual project for MBA students