INOV803 Resourcing Entrepreneurial Activities
This unit is not presently being offered by Macquarie University.
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Description
The unit addresses the critical issue of accessing financial, human and infrastructure resources relevant to a successful entrepreneurial venture. A very significant element of the unit is the purpose and structure of a business plan to be used to access such resources.
By exploring the funding process from idea conception to initial public offering (IPO), with stress on early stage finance, this unit is designed for individuals interested in starting, joining, or managing a high potential entrepreneurial enterprise. The concepts, issues, and techniques of deal valuation, structure, and negotiation are brought to life with case studies and guest speakers including venture capitalists, and successful entrepreneurs/CEOs.
The selection and appointment of key staff to an entrepreneurial team as well as the sourcing of appropriate infrastructure raise many important issues that are also covered in the unit.
Assumed knowledge
Evidence of some previous introduction to the principles of general management
Topics
- Sources of early-stage funding including angel funding, federal/state/local grant funding, banks, strategic customers and supplier partnerships
- Venture finance, how it works and how to use it strategically
- Managing company financing and its risks and benefits
- Changing company skill needs and staffing evolution
- Skill balance, timing of appointment, reward issues
- Managing staff changes
- Infrastructure needs of an entrepreneurial venture
- Particular issues depending on market sector of the company and its stage of growth.
- An entrepreneurial approach to infrastructure
- Accessing resources rather than owning them
- Leasing, hiring and purchase
- The critical importance of a positive cash-flow
Assessment
A series of assignments aimed towards guiding students in the development of a business plan … there is no final exam.
Staff
Offered
Semester Two Evenings