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: 348-8919

• Office location: Alston 155

• Email: nvdfall2011@gmail.com

Learning outcomes

1. Use and relate financial and economic concepts2. Read and analyze financial statements3. Critically evaluate the feasibility of an

entrepreneurial opportunity4. Prepare and analyze financial forecasts and pro

forma statements for a small business5. Perform profit, profitability, and break-even

analyses6. 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