BMC 374 - Entrepreneurship Finance

Course Description

Successful businesses understand business finances such as cash flow and handling credit, which is necessary for growth. This course is designed to position entrepreneurs and small business owners, towards financial success in the early or growth stage of the small business. Students will examine and evaluate the business’s credit position, sources of external funding and the overall financial health of the small business.

Course Details

By completion of this course, successful students will be able to:

• Formulate a financial vision for a start-up or small to medium-sized enterprise
• Identify financial limitations and how to mitigate financial risk
• Estimate new venture start-up costs and project a sales forecast
• Explain how cash is the lifeblood of a business, not profit
• Create a cash flow projection and a proforma income statement
• Use ratios to measure the financial health of a business
• Describe the credit position of the business
• Recognize funding sources available for start-ups and small businesses
• Determine the types of financing and which are best suited to a particular type of business
• Distinguish between the pros and cons of debt vs. equity

Applies Towards the Following Program(s)

• Certificate in Professional Management : Optional Courses
• Certificate in Professional Management - PEG : Optional Courses
• Certificate in Professional Management specializing in Construction Management : Optional Courses
• Certificate in Professional Management specializing in Risk Management : Optional Courses
• Certificate in Professional Management specializing in Strategic Management : Optional Courses