Entrepreneurial Finance
Overview
This unit aims to equip entrepreneurs in the start-up space as well as managers/owners of smaller to large-size businesses with the financial literacy they need to understand and model the financial implications of business decisions and to communicate effectively with accounting and finance professionals. Traditional business financial principles are taught from the perspective of the needs of a start-up venture, a small/mid-sized enterprise and a larger corporation. Theory and models are complemented with case studies and speakers illustrating different financing and investment models.
Requisites
Learning outcomes
Students who successfully complete this unit will be able to:
- Apply advanced and coherent knowledge of business valuation techniques across the corporate lifecycle from start-up to more mature corporates
- Critically evaluate a flexible financial model for the entire lifecycle of a corporate
- Apply knowledge of research principles and methods to plan and execute a piece of research with some independence
- Critically evaluate the funding needs, including timing, from early stage to maturity of a corporate
- Work collaboratively on a real business venture design and present a proposal for funding that is consistent with venture needs and financial stakeholder perspectives
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Face to Face Contact (Phasing out) Tutorial | 3.00 | 12 weeks | 36 |
| Unspecified Learning Activities (Phasing out) Independent Learning | 9.50 | 12 weeks | 114 |
| TOTAL | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Assignment | Individual | 40 - 60% | 1,2,3,4 |
| Presentation | Group | 40 - 60% | 1,2,4,5 |
Content
- The basic corporate finance framework and its elements (the investment, finance, dividend decisions)
- The difference between finance for entrepreneurs and established businesses
- Developing a financial model for a new venture
- Business valuation principles and methods
- Sources of funding for entrepreneurial ventures
- Developing a funding strategy for a new venture
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.