ENTR 128 Determining Startup Costs

This course provides students with the knowledge, skills, tools, and resources to identify and understand the necessary startup resource requirements to launch a new venture, structure the startup to manage and reduce the risk of failure, and develop a strategy to acquire and fund the necessary startup costs. Topics include identifying the four types of resources needed by a startup: physical assets, human assets, intellectual property rights, and financial assets, strategies to increase flexibility and reduce the risk of failure, projecting cash flow and cash burn rate, and projecting the customer capture rate. This course is one of a series of courses that provides students with the coaching and guidance for planning and launching a new business venture.

Credits

1

Prerequisite

ENTR 102

Hours Weekly

1 hour weekly

Course Objectives

1. Identify the resource requirements needed to launch the new venture, in the following categories: physical assets, human assets, intellectual property rights, and financial assets, and estimate the cost to acquire these assets.
2. Explain how in structuring your startup you are maximizing the flexibility of your organization to respond to the unexpected and how you are reducing the risk of failure.
3. Discuss different funding strategies and evaluate the best strategy to fund the startup costs, and describe how and when you will acquire these resources.

Course Objectives

1. Identify the resource requirements needed to launch the new venture, in the following categories: physical assets, human assets, intellectual property rights, and financial assets, and estimate the cost to acquire these assets.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Business plan document

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Business planning rubric
2. Explain how in structuring your startup you are maximizing the flexibility of your organization to respond to the unexpected and how you are reducing the risk of failure.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Business plan document

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Business planning rubric
3. Discuss different funding strategies and evaluate the best strategy to fund the startup costs, and describe how and when you will acquire these resources.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Business plan document

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Business planning rubric