Session 7: SUMMARY

For the WEL Speaker Series PPT click link below:

session-7_wel-speaker-series

1. Feasibility

http://welgwu.wordpress.com/2009/02/23/session-7-assmt-feasibility/

2. Reading:

Reading:

- Revisit Essentials Chapter 11 & 12

-Josh Case

http://welgwu.wordpress.com/2009/02/23/session-7-assmt-reading/

3. Skill Building

Create an opening balance sheet for your venture

Create an income statement for your venture

http://welgwu.wordpress.com/2009/02/23/session-7-assmt-skill-building/

Read leadership documents

4: Virtual Quiz – Session 7

http://welgwu.wordpress.com/2009/02/23/session-7-assmt-other/

5. Provide online feedback: Peer forum

http://welgwu.wordpress.com/2009/02/23/session-7-assmt-peer-forum/

Session 7 Assmt: Peer Forum

5. Provide online feedback: Peer forum

Act as a peer mentor / forum member / personal board. Read the following two cases and provide advice to each on this post as a comment before the next class.  See GUIDELINES at bottom.

Angela Case

Allison Case

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REMINDER TO ALL WEL STUDENTS:

1.  Place the words “Student case” before your tagline (www.HotMommasProject.org. Login and go to “my cases” and click “edit” if you have not done this. The tagline can be changed in step 3.)

2.  If you do not want this case to come up in a search engine, or for other priacy reasons, REMOVE YOUR LAST NAME FROM YOUR CASE. This is up to you, but, please know this case is out there just like a blog.

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GUIDELINES FOR COMMENTING:

- If you have advice: Use “I” statements. Share experience, not advice. Your feedback should share similar experiences and what you did, not “you should” advice for the case protagonist. Share what you feel comfortable sharing.

- If you have comments in praise or how the case impacted you – feel free to share.

- Place the protagonist first name prior to your answer

- Type “WEL” in front of your first name in the name section of the comments form

- Give it some mental real estate

Peer cases for this week (recommendation – LOG IN FIRST):

Find on www.HotMommasProject.org case library or click on names below:
You can sort by “title” in the library which will order by author’s first name.

You will need to log in to see the entire case and benefit from the full features (appendix, discussion questions, Facebook links, etc.)

GW WEL Students: Type “WEL” followed by your first name in the name form. NOTE: If any information is confidential, let Prof Frey know and we will create a separate confidential blog.

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TO DO: PRESENTERS (i.e., Your case is being read/presented)

AFTER CLASS ON THURSDAY (all comments in), PLEASE REVIEW THE RESPONSES AND PREPARE A “PRESENTER SUMMARY” which is the following:

FORMAT: Title it “WEL – PRESENTER SUMMARY - YOUR FIRST NAME” All caps.

1. How did the forum’s (class) comments help you?

2. Any specific takeaways that stand-out?

3. Any action steps you will be taking as a result.?

Again, post it after class to ensure you are the LAST post.

Session 7 Assmt: Virtual Quiz

Here, post your top three takeaways from the speakers in class in Session 7.

Session 7 Assmt: Skill Building

READ the Financial Literacy (2) PPT

For PPT click on link below:

fin-module-2

session-7-_-skill-building-leadership_duffy-white-paper

session-7-_-skill-building-_gender-leadership-study

DO the FOLLOWING as directed in the PPT:

Create an opening balance sheet for your venture – Use Excel template: “Key Financial Documents” (sheet E)

Create an income statement for your venture – Use Excel template: “Key Financial Documents” (sheet D)

BRING:

Bring your draft balance sheet and income statement to class to discuss with your group.

Tip: DO NOT FREAK OUT. Once again, we are becoming familiar with these statements before they are actually due.

Tip: Reference the excel emailed to you, the PPT and reading from Session 6 (financial terms and tips), and the Session 5 Financial Module (1) to bring yourself up to speed if you “phoned those in.”

READ the following documents, be prepared to discuss in class.

Leadership white paper

Leadership study – Pew Charitable Trusts

http://pewresearch.org/pubs/932/men-or-women-whos-the-better-leader

Session 7 Assmt: Reading

Reading:

- Revisit Essentials Chapter 11 & 12

-Josh Case

Answer the case questions as follows (see *** for special instructions). Answer all the questions, post #1, #2, #3, and #5 on the blog here as a comment)

1.  Draw a diagram of OSP’s cash flow cycle. Explain the cash flow difficulties described by Josh and Dave (Refer to “An Opportunity Knocks” case-in-case). Why did Josh’s strategy of more sales fail to improve OSP’s cash flow?  (*** Draw a diagram. Do not post on site. Instead, describe the process in text using bullets.***)

2. Discuss OSP’s “replicable sales process”. Why is this issue so important to OSP’s success?

3. Draw a diagram of the “sales equation” that Josh mentions in the case. Estimate the numbers at each step.  (*** Draw a diagram. Do not post on site. Instead, describe the process in text using bullets.***)

4. Prepare for an in class sales role-play meeting between the On Sale Promos team and IBM.  Develop a list of key questions and concerns that the IBM team might have as well as an approach for the On Sale Promos team. Goal for both: Close the deal during the meeting.

5. Why do you think that Josh “never feels satisfied” with the business. Do you think this is common among entrepreneurs?”

Session 7 Assmt: Feasibility

Financials (1) due next Thursday in class (hardcopy). Bring:

1. 1. Personal budget – posted at session 5
2. 2. Start up costs – posted at session 5

PROCESS:

1. Monday or Tuesday, have your DRAFT budget and start up costs ready (you DO NOT have to share your personal budget if you do not want). Meet with your study group. Identify your stumbling blocks BEFORE the meeting. Bring them up at the meeting and work through them with your group.
2. Based on your group’s comments, revise your financials and

Reminder: reference excel sheet sent to you in conjunction with session 5.

Here is a link to the session 5 skill building where you worked on start up costs and personal budget

http://welgwu.wordpress.com/2009/02/12/session-5-assmt-skill-building-financial-literacy/

Here is the excel sheet on Google Docs if you don’t have it on your hard drive

http://spreadsheets.google.com/ccc?key=p6LOA5uuKoRTdEvCtnx3TTg

Session 6: SUMMARY

***QUIZ BULLETS**** Post your team’s suiz bullets here, at summary page sometime before next class.

 SESSION 6 PPT LINK

 

 

1. Market Analysis  Plan Draft – revised

DUE 9 am, Funger 315, WEDS!! 3 pg max. including financial sneak preview All else = appendix

 http://welgwu.wordpress.com/2009/02/19/session-6-assmt-market-analysis-plan-draft/

  2. Reading:

Read, then Post: What type of financing would you choose?

 http://welgwu.wordpress.com/2009/02/19/session-6-assmt-reading/

  3. Skill Building: Financial Literacy

Read, Analyze, then Post: Start up costs case study

 http://welgwu.wordpress.com/2009/02/19/session-6-assmt-skill-building-financial-literacy/

 4. Review: Speaker bios

http://welgwu.wordpress.com/2009/02/19/session-6-assmt-read-speaker-bios-post-quiz-bullets/

 5. Provide online feedback: Peer forum

http://welgwu.wordpress.com/2009/02/19/session-6-assmt-peer-forum/

Session 6 Assmt: Peer Forum

5. Provide online feedback: Peer forum

Act as a peer mentor / forum member / personal board. Read the following two cases and provide advice to each on this post as a comment before the next class.  See GUIDELINES at bottom.

Lola Case

Lisa Case

*****************************************

REMINDER TO ALL WEL STUDENTS:

1.  Place the words “Student case” before your tagline ( www.HotMommasProject.org. Login and go to “my cases” and click “edit” if you have not done this. The tagline can be changed in step 3.)

2.  If you do not want this case to come up in a search engine, or for other priacy reasons, REMOVE YOUR LAST NAME FROM YOUR CASE. This is up to you, but, please know this case is out there just like a blog.

*****************************************

GUIDELINES FOR COMMENTING:

- If you have advice: Use “I” statements. Share experience, not advice. Your feedback should share similar experiences and what you did, not “you should” advice for the case protagonist. Share what you feel comfortable sharing.

- If you have comments in praise or how the case impacted you – feel free to share.

- Place the protagonist first name prior to your answer

- Type “WEL” in front of your first name in the name section of the comments form

- Give it some mental real estate

Peer cases for this week (recommendation – LOG IN FIRST):

Find on www.HotMommasProject.org case library or click on names below:
You can sort by “title” in the library which will order by author’s first name.

You will need to log in to see the entire case and benefit from the full features (appendix, discussion questions, Facebook links, etc.)

GW WEL Students: Type “WEL” followed by your first name in the name form. NOTE: If any information is confidential, let Prof Frey know and we will create a separate confidential blog.

*****************************************

TO DO: PRESENTERS (i.e., Your case is being read/presented)

AFTER CLASS ON THURSDAY (all comments in), PLEASE REVIEW THE RESPONSES AND PREPARE A “PRESENTER SUMMARY” which is the following:

FORMAT: Title it “WEL – PRESENTER SUMMARY - YOUR FIRST NAME” All caps.

1. How did the forum’s (class) comments help you?

2. Any specific takeaways that stand-out?

3. Any action steps you will be taking as a result.?

Again, post it after class to ensure you are the LAST post.

Session 6 Assmt: Read speaker bios

 

Speaker Bios. These individuals will be speaking in our class next week sharing their experiences as entrpreneurs, professionals,  and people.

Martin Janis, Atlantic Services Group

Richard Barney, Seigfried

Sarah Alexander, EMPEA

Tenley Carp, Cohen & Mohr

Session 6 Assmt: Skill Building – Financial Literacy

Skill Bulding: Financial Literacy

 

READ: Case study and excel sheet (The excel sheet emailed to you Thursday). Complete the readings for this session, first, before embarking on the exercise.

BLOG: questions below.

LINKS

Art Gallery Case Study

Excel Sheet (EMAILED TO YOU – we cannot upload excel on the blog)

MORE DETAILED DIRECTIONS:

Read the case study in conjunction with the excel document that was sent to you via blackboard. Page through the tabs of the excel document to familiarize yourself with Jane’s budget and financial statements. Focus on “tab b.”  Complete the following questions and post your comment here.

- 1. Look at Jane’s start up costs. Do you agree with her assumptions? Why or why not?

- 2. Take a stab at converting Jane’s start up cost model and assumptions to your own venture. If you don’t know numbers, DON’T stop, look at “tips and tricks” section of the blog and fill in missing numbers based on suggestions there. Add or remove line items as you see fit.

Blog about it here.

Answer question #1.

For #2, explain where you got stuck – and your interim solution – as your answer. Talk about specific resources you used and provide links if helpful. If you called study group members, mention that as well.