ENT 150C Planning Your Business 3

Lecture Hours: 3
Credits: 3

Conclude the research, development, and documentation of the business plan. Focuses on financial management, including revenue, expenses, inventory, equity and debt, and financing through the use of integrated spreadsheets.

Prerequisite: Placement into WR 115 (or higher), or completion of WR 090 (or higher); and completion of ENT 150B; and basic mastery of Excel; or consent of instructor. (All prerequisite courses must be completed with a grade of C or better.)
Student Learning Outcomes:

Project the financial situation of a business concept, including needed start-up funds and pricing strategies.
Identify sources of financing using break-even analysis, and basic cash accounting systems.
Incorporate all the elements of a business plan needed for a start-up venture.

Content Outline

Start-Up Costs and Sales
- Introduction to financial planning
- Determining start-up costs
- Projecting sales
Inventory and Operating Expenses
- Projecting inventory
- Projecting operating expenses
Cash Outlays and Sources
- Projecting other cash outlays
- Locating sources of funds
- Considering equity and debt
- Determining break even
Financial Statements
- Utilizing financial statements
- Understanding financial statements
Finalizing and Presenting the Business Plan