University of Hartford
Barney School of Business & Public Administration
Finance 684
Entrepreneurial Finance

Class Days Tuesday
Class Hours 7:30-9:50PM  Spring 1999
Class Location Auerbach 427

Instructor Susan Coleman

Office Location: Auerbach 412B Office Phone: 860-768-4690
 Email: Fax Number: 768-4911
Office Hours  Tuesday, Thursday 1-2:55PM



Harvard Business School Cases (in bookstore)
Small Firm Finance by Osteryoung et al. (optional)
Text from Finance 616 (Corporation Finance)
Readings (on reserve at library)
Articles from the Wall Street Journal (to be distributed in class)

Course Description:

Entrepreneurial Finance will focus on financial issues, problems and situations frequently encountered in small businesses.  The course will address analytical techniques appropriate for small business situations including working capital management, financing alternatives, financial distress, and valuing the business.  In addition, it will address issues of financial strategy for small business.  Students will prepare team presentations of cases and a comprehensive business plan.  Assignments will include empirical articles dealing with current topics in small business finance.  Extensive use of computer spreadsheet programs required.

Course Objectives:

1)  To reinforce analytical techniques required for the financial management of small businesses including working capital management, alternatives for securing capital, coping with financial distress, and valuing the business.

2)  To raise and address issues of financial strategy for small businesses including selecting the business, choosing between sources of capital, coping with growth, dealing with business failure, and decisions to buy or sell the business.

3)  To provide opportunities to practice analytical techniques, communication skills, and to deal with issues of strategy in case study situations.

4)  To provide the opportunity for students to work on a detailed small business problem or situation by developing a business plan or consulting on a small business situation.

5)  To expose students to some of the recent research done on small businesses and to have them evaluate and discuss the implications and applications of such research.

6)  To familiarize students with the Internet as a source of information for small businesses.


Case Studies:   40%
2 Exams:  40%
Business Plan or Project:  30%

Case Studies:  Students will be assigned written cases dealing with a small business problems.  A list of questions will be provided.  Students are to respond to the questions in both analytical and narrative form.  The narrative portion of the case is limited to one word-processed page.  Calculations and/or spreadsheets which must be done on a spreadsheet package must be attached.  Cases are to be passed in AT THE BEGINNING of the class for which they are assigned.  If a student cannot attend class, his case should be delivered or mailed to the professor prior to class.  Late cases will not be accepted under any circumstances and will receive a grade of 0.

Project:  Students may either develop a small business plan or do a consulting study of a small business situation as a term project.  Further quidelines on developing the business plan or consulting assignment will be provided.

Research Articles:  A binder on small business research articles will be placed on reserve at the library.  Students will read and prepare a written evaluation of these as assigned.

Internet Assignment:  Students will be asked to do at least one research assignment on the Internet.  The Net can be an invaluable source of information and ideas for entrepreneurs and it can also serve as a marketing tool.

Code of Conduct

1. As a courtesy to the professor and other students, be prepared to arrive at class and be in your seat on time.

2. Similarly, if you need to get something to eat or drink, do so before class.  If you need to use the restroom, do so before class.  If is very disruptive to have people rustling food wrappers or walking in and out after class has started.

3.  If you have a beeper or cellphone, please turn them off before entering the classroom.

Academic Honesty Statement  from The Source and Manual of Academic Policies and Procedures:

B.  All students are expected to observe generally accepted principles of scholarly writing in all examinations, compositions, papers, essays, tests, quizzes, reports and dissertations whether written in the classroom or outside.  Sources of information used by a student in the preparation of work submitted as a basis for credit, or for a grade, or to satisfy graduate or undergraduate thesis requirements shall be clearly indicated in some conventional manner, such as by the use of quotation marks, footnotes, and bibliography.
C. Students are forbidden to submit as their own any project, paper, or creative work which is in whole or part the work of another.
D. The use of a term paper writing service, such services being prohibited by Connecticut law, is academically dishonest and violate rules of scholarship.
E.  All examinations and quizzes are to be completed without reference to books or notes, except when the instructor of a course shall have given explicit authorization for an "open-book examination" or some other specified sort of assistance.  Except as authorized by the instructor, no student is to give or receive assistance in the completion of an examination or a quiz.

Action to be taken in event of an alleged act of academic dishonesty
L.  2.  to report that the student is considered to be guilty of the alleged violation beyond a reasonable doubt, and to recommend one or more of the following:

     (a) that the student be dropped from the course and/or a grade of "F" be assigned.
     (b)  that the student be suspended (i) for the remainder of the current semester, losing credit for their current academic program, or (ii) for the following semester or year;
     (c) that the student be dismissed from the university.

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