HBN211N NEW VENTURE FINANCE. Lecture 1. Introduction and Overview of NVF. Lesson Plan. • Introduction – 10 minutes (2.30pm – 2.40pm) • Unit overview – 30 minutes (2.41pm – 3.10pm) – Objectives – Learning methods – Assessment – Course materials – Recommendations
Lecture 1. Introduction and Overview of NVF
• Now you:
– Background (personal , professional)
– Entrepreneurship goals
– What you want from this class
A. 88% students agreed that Mr. Islam has a thorough knowledge of the unit.
B. 88% students agreed that Mr. Islam has responded helpfully to questions
C. 88% students agreed that Mr. Islam has made the requirements for assessment clear
D. 88% students agreed that Mr. Islam showed genuine concern for students
E. 88% students agreed that Mr. Islam used real world examples in his teaching
F. 75% students agreed that Mr. Islam communicates information and ideas clearly and effectively.
G. 75% students agreed that Mr. Islam has encouraged me to develop analytical skills
H. 63% students agreed that Mr. Islam taught in a way that provides motivation and inspiration to learn.
One thing that i like the most of sir Mazharul Islam is that he always keep the student's level of understanding in mind and he teaches accordingly but that doesn't means that the rest of the teachers don’t keep this thing in mind
He was a good teacher, but somehow his accent is bit difficult to be understood. He tries his best to explain the material, but somehow, i think he needs to prepare more so that he wont give any misleading information
Sometimes I feel difficult to understand his speaking although this is not his fault. His explanation is not clear, may be this is the problem of myself.STUDENT EVALUATION: SEMESTER 2, 2010 (Cont.)
• Lectures (interactive)
– Group work
• Individual assignments
– Participation (5%)
– Class test (25%)
– final exam (30%)
• Group assignments
– Poster presentations (Develop analytical skills)
– Group presentations (20%)
– Written report (20%)
• Recommended textbook
– Bygrave, B & Zacharakis A (2008), Entrepreneurship, 2nd Edition, Hoboken, NJ, Wiley & Sons.
– Stevenson, H.H. et al. (2007). New Business Ventures and the Entrepreneur, Sixth Edition, New York, NY, McGraw- Hill/Irwin.
– Ross, Stephen A. et al. 2008. Essentials of Corporate Finance, McGraw-Hill Irwin, Sydney, Australia.
• Blackboard: Content under ‘Learning Material’
– Lecture slides (On Blackboard one week beforelecture)
– Tutorial content (e.g. Case studies)
• External links on Blackboard
• Read any assigned readings
before the lecture or tutorial.
• Attend and participate in all lectures and tutorials.
• Take notes and ask questions.
• Attempt to do coursework
ahead of time and ask for help if needed.
• Apply what you are learning as much as possible in every steps of your life.
• Study in groups outside of class.
• Hold regular meetings when
everyone can attend.
• Critically analyse content, not
• Elect a group member to edit the written report and slideshow for spelling, grammar, flow, etc.
Definition of entrepreneur and entrepreneurship
Characteristics found in successful entrepreneurs
Business and social entrepreneurs
Entrepreneurs and small-business owners
Different types of risk entrepreneurs face
Major causes of stress and the ways entrepreneurs can handle stress
Sources of finance for NVObjectives of today’s session
To make better decision
To examine whether expected return is high enough to cover opportunity costs
To make effective sustainable business plan
To develop precise business model
To build financial statement
To measure risk and return
To assess your original decision to enter whether you should continue or abandon.Importance of NVF course
‘A person who habitually creates and innovates to build something of recognised value around perceived opportunities.’
Bolton & Thompson, 2000
Entrepreneur is an innovator or developer who recognizes and grabs opportunities; convert those opportunities into marketable ideas; adds value through time, effort, money and skills and assumes the risks of the competitive marketplace to implement these ideas. Entrepreneur also called catalyst of economic change (Latest definition: Frederick& Kuratko 2010)
A dynamic process of vision, change and creation
Application of energy and passion
Towards implementation of new ideas and creative solutions