Course Number and Title:
ENT 240 Funding and Finance for Entrepreneurs
Campus Location
- Dover
- Georgetown
- Wilmington
Prerequisites
Prerequisite: (MAT 152 or higher) and ACC 101 and BUS 101 and (ENG 102 or ENG 102 concurrent)
Course Credits and Hours
3 credit(s)
3 lecture hours/week
0 lab hours/week
0 offsite lab hours
Course Description
This course introduces strategies in making financial decisions that drive business success for entrepreneurs. Course content covers how to secure funding, interpret financial statements, forecast with purpose, and manage risk. Tools like ratio analysis, cash flow management, and break-even evaluation are explored.
Core Course Performance Objectives (CCPOs)
- Explain the basic concepts of finance and risk as they relate to entrepreneurship. (CCC 1, 2; PGC 2, 5)
- Apply financial management principles by identifying sources of financing and using financial statements in a small business. (CCC 2, 5, 6; PGC 2, 3, 5)
- Analyze financial information to identify trends, assess performance, and inform entrepreneurial decisions. (CCC 2, 6; PGC 2, 5)
- Analyze the profit, profitability, and break-even point for a business. (CCC 2, 6; PGC 2, 5)
- Illustrate the importance of forecasting and working capital management. (CCC 2, 6; PGC 2, 5)
- Analyze risk management, investment, and long-term financial planning strategies for entrepreneurs. (CCC 2, 4, 6; PGC 1, 2, 5)
See Core Curriculum Competencies and Program Graduate Competencies at the end of the syllabus. CCPOs are linked to every competency they develop.
Measurable Performance Objectives (MPOs)
Upon completion of this course, the student will:
- Explain the basic concepts of finance and risk as they relate to entrepreneurship.
- Explain the basic economic concepts of finance.
- Discuss the relationship between personal and business finances.
- Discuss the relationships between supply and demand for money and interest rates.
- Describe the relationship between risk and return on investment.
- Explain the differences between systematic and unsystematic risk the impact on business.
- Differentiate between speculative risk and pure risk.
- Apply financial management principles by identifying sources of financing and using financial statements in a small business.
- Differentiate between strategic and functional business planning as it relates to small business.
- Describe the basic sources of financing for a business.
- Interpret information presented in financial statements to support business decisions.
- Explain how financial statements are used by small business owners.
- Identify the benefits and limitations of collateral as a source of financing.
- Analyze financial information to identify trends, assess performance, and inform entrepreneurial decisions.
- Apply vertical and horizontal analysis to identify financial trends.
- Calculate financial ratios.
- Classify ratios by liquidity, activity, leverage, profitability, and market categories.
- Interpret the results of financial analysis to assess business performance.
- Use financial analysis findings to support entrepreneurial decisions or strategies.
- Analyze the profit, profitability, and break-even point for a business.
- Differentiate between efficiency and effectiveness in business operations.
- Analyze key factors that influence business profitability.
- Analyze break-even points (unit, price, and revenue) using calculations and a break-even chart.
- Illustrate the importance of forecasting and working capital management.
- Examine the importance of a sales forecast under various scenarios.
- Compare forecasting models used in small business to select an appropriate model.
- Examine the relationships among revenue base, sales forecasts, assets, and need for financing.
- Explain how effective working capital management improves profitability.
- Identify the effects of cash flows on a small business.
- Analyze risk management, investment, and long-term financial planning strategies for entrepreneurs.
- Explain the overall nature of risk for entrepreneurs.
- Describe common investment vehicles for accumulating and preserving capital.
- Explain retirement strategies available to small business owners.
- Describe succession planning and exit strategies for a small business.
Evaluation Criteria/Policies
The grade will be determined using the Delaware Tech grading system:
| 90-100 |
= |
A |
| 80-89 |
= |
B |
| 70-79 |
= |
C |
| 0-69 |
= |
F |
Students should refer to the
Catalog/Student Handbook for information on the Academic Standing Policy, the Academic Integrity Policy, Student Rights and Responsibilities, and other policies relevant to their academic progress.
Final Course Grade
Calculated using the following weighted average
Evaluation Measure | Percentage of final grade |
Summative Assessments |
Financial Strategy Project (3-Year Cash Flow Report & Break-Even Analysis) | 20% |
Financial Strategy Group Presentation | 10% |
| Case Study Analysis (2) (equally weighted) | 30% |
Formative Assessments |
The course will contain various formative assessments including but not limited to: - Assignments
- Activities
- Discussion Boards
| 40% |
TOTAL | 100% |
Program Graduate Competencies (PGCs are the competencies every graduate will develop specific to his or her major)
- Integrate professional, ethical, and legal standards into business decision-making.
- Apply foundational business concepts that lead to strategic thinking and the ability to analyze complex problems.
- Use professional and technology-based skills that are relevant to the dynamic business environment.
- Employ effective communication skills and collaboration strategies to promote positive organizational outcomes.
- Apply skills necessary to analyze and interpret business and financial data for decision-making purposes.
Core Curriculum Competencies (CCCs are the competencies every graduate will develop)
- Apply clear and effective communication skills.
- Use critical thinking to solve problems.
- Collaborate to achieve a common goal.
- Demonstrate professional and ethical conduct.
- Use information literacy for effective vocational and/or academic research.
- Apply quantitative reasoning and/or scientific inquiry to solve practical problems.
Students in Need of Accommodations Due to a Disability
We value all individuals and provide an inclusive environment that fosters equity and student success. The College is committed to providing reasonable accommodations for students with disabilities. Students are encouraged to schedule an appointment with the campus Disabilities Support Counselor to request an accommodation needed due to a disability. The College's policy on accommodations for persons with disabilities can be found in the College's Guide to Requesting Academic Accommodations and/or Auxiliary Aids Students may also access the Guide and contact information for Disabilities Support Counselors through the Student Resources web page under Disabilities Support Services, or visit the campus Advising Center.