BAC 412: Entrepreneurial Finance Notes and Course Outline

Course Content and Educational Objectives

Entrepreneurial Finance is designed to help students and/or managers make better investment and
financing decisions in entrepreneurial settings. The course covers all stages of the process, from
startup to harvest. Though the course is called Entrepreneurial Finance, it differs in philosophy
and style from a course like corporate Finance. It integrates people into the equation by taking
into account their capabilities, their incentives, and the cognitive biases they bring to decision
making. Students should not take the course as a remedial finance course but to enhance their
understanding of entrepreneurship financial planning and execution.
The course is aimed primarily at people who may already or are planning to be involved
entrepreneurial ventures at some point in their careers whether in a large organization, a
turnaround, a management buyout or a startup. The course will also be useful for future private
equity decision makes.

b). i) TEXT BOOKS:

1. Small Business Management, By Broom and Longeneker (South-Western Publishing Co)
2. Entrepreneurship, By Hisrisch and Peters (Tata McGraw -Hill)
3. Entrepreneurship: New Venture creation, By Holt (Prentice Hall of India)
4. Introduction to Entrepreneurial Finance (Tata McGraw -Hill)


Financial Management: Theory and Practice by Eugene F. Brigham Michael C. Ehrhardt, Latest edition

Essentials of Entrepreneurship and Small Business Management Thomas Zimmerer, Norman M. Scarborough Seventh edition

Principles of Managerial Finance by Lawrence Gitman, Pearson, Tenth edition

Business Finance – Theory and Practice by Eddie Mc Laney, Prentice Hall, Sixth edition

A Text Book of Business Finance by Ashiq Hussein, E.A. Educational Publishers, Second edition

c) Grading:

Continuous Assessments 30%
Examination 70%

d) Course Content

1. Financial and Economic Concepts applicable to Entrepreneurship
2. Sources of funds for entrepreneurship
3. Stages in entrepreneurship financing
4. Financial/ Business Planning for entrepreneurship ventures.
5. Financial Valuation for entrepreneurship ventures
6. Credit management
7. Risk management
8. Private and Public Venture capital markets
9. Preparation for and execution of an Initial Public Securities Offering

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