Discussion: View Thread

  • 1.  Business plans for undergraduates

    Posted 09-15-2006 12:14

    I would like to change this stream of discussion a bit.  Here is the question.  How do you handle pro formas for the student business plans?  Most of my students have had the freshman accounting classes, but have forgotten or repressed most of that by the time they are juniors or seniors when they take my course.  Do you give special training on pro formas or simply leave this up to them to learn or recall on their own?

     

    Dr. Fred L. Fry

    Professor of Management

    Editor, Journal of Small Business Strategy

    Foster <st1:place w:st="on"><st1:placetype w:st="on">College</st1:placetype> of <st1:placename w:st="on">Business Administration</st1:placename></st1:place>

    <st1:place w:st="on"><st1:placename w:st="on">Bradley</st1:placename> <st1:placename w:st="on">University</st1:placename></st1:place>

    <st1:place w:st="on"><st1:city w:st="on">Peoria</st1:city>, <st1:state w:st="on">IL</st1:state> <st1:postalcode w:st="on">61625</st1:postalcode></st1:place>

    309-677-2310 FAX 309-677-3348

    ffry@bradley.edu

    jsbs@bradley.edu

     

     

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 2.  Business plans for undergraduates

    Posted 09-19-2006 15:59

    We've had that problem too. We're doing bootcamps in the business plan class, and I always have a co-teacher who is an accounting/finance person, so there is a lot of high-quality advice. We also have a former CFO with an easygoing manner as one of our executives in residence, who can be approached for help and advice. This year, in the intro to entrepreneurship class, we are planning an all-out push for accounting night, with all our numbers people showing up to take each student team and work with them on numbers. Will report next semester on how well it worked.

     

    Jerome Katz

    Coleman Chair, JCSB/SLU

    <st1:personname w:st="on">katzja@slu.edu</st1:personname>

    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Fry, Fred
    Sent: Friday, September 15, 2006 11:14 AM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: [ENTREP] Business plans for undergraduates

     

    I would like to change this stream of discussion a bit.  Here is the question.  How do you handle pro formas for the student business plans?  Most of my students have had the freshman accounting classes, but have forgotten or repressed most of that by the time they are juniors or seniors when they take my course.  Do you give special training on pro formas or simply leave this up to them to learn or recall on their own?

     

    Dr. Fred L. Fry

    Professor of Management

    Editor, Journal of Small Business Strategy

    Foster <st1:place w:st="on"><st1:placetype w:st="on">College</st1:placetype> of <st1:placename w:st="on">Business Administration</st1:placename></st1:place>

    <st1:place w:st="on"><st1:placename w:st="on">Bradley</st1:placename> <st1:placename w:st="on">University</st1:placename></st1:place>

    <st1:place w:st="on"><st1:city w:st="on">Peoria</st1:city>, <st1:state w:st="on">IL</st1:state> <st1:postalcode w:st="on">61625</st1:postalcode></st1:place>

    309-677-2310 FAX 309-677-3348

    ffry@bradley.edu

    jsbs@bradley.edu

     

     

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO! ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 3.  Business plans for undergraduates

    Posted 09-19-2006 15:59
    Hi

    I have engineers, educations, fine arts student and others as well as
    business students in my business planning class. I do about 1.5 hour
    classes on proforma statements. The non-business students do as well or
    better than the business students when producing proformas, particlalrly
    cashflow.

    Bob

    Robert Anderson Ph.D., CMA
    Professor
    Faculty of Business Administration
    University of Regina
    Regina, SK
    Canada S4S 0A2
    1-306-585-4728
    robert.anderson@uregina


    >>> "Fry, Fred" <ffry@BUMAIL.BRADLEY.EDU> 9/15/2006 10:14 AM >>>
    I would like to change this stream of discussion a bit. Here is the
    question. How do you handle pro formas for the student business
    plans?
    Most of my students have had the freshman accounting classes, but have
    forgotten or repressed most of that by the time they are juniors or
    seniors when they take my course. Do you give special training on pro
    formas or simply leave this up to them to learn or recall on their
    own?



    Dr. Fred L. Fry

    Professor of Management

    Editor, Journal of Small Business Strategy

    Foster College of Business Administration

    Bradley University

    Peoria, IL 61625

    309-677-2310 FAX 309-677-3348

    ffry@bradley.edu

    jsbs@bradley.edu






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    Division of the Academy of Management.

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    jbunch@benedictine.edu.

    Ventures HO!

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

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    Ventures HO!


  • 4.  Business plans for undergraduates

    Posted 09-20-2006 15:18

    Hi Fred:

     

    I use an online tutorial based on work done by Ron Foster and Pete Mullins at the <st1:place w:st="on"><st1:placetype w:st="on">University</st1:placetype> of <st1:placename w:st="on">Ohio</st1:placename></st1:place> in the early 80's.  It was developed into a multi-media piece by a student I supervised and has been very effective for us.  You could also take a look at a tool developed by a colleague, Barry Bisson that as of this year is bundled as part of the course materials with the latest edition of New Venture Creation by Timmons and Spinelli.  If you would like to take a look at the tutorial I am using go to:

     

    www.davedev.com/fm

     

    username = mgmt

     

    Password = dal

     

    The handsome looking gentleman you see in the video is me.  If you like what you see I would be please to share it with you.

     

     

    Best,

     

     

    Ed

     

     

    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Fry, Fred
    Sent: September 15, 2006 1:14 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: [ENTREP] Business plans for undergraduates

     

    I would like to change this stream of discussion a bit.  Here is the question.  How do you handle pro formas for the student business plans?  Most of my students have had the freshman accounting classes, but have forgotten or repressed most of that by the time they are juniors or seniors when they take my course.  Do you give special training on pro formas or simply leave this up to them to learn or recall on their own?

     

    Dr. Fred L. Fry

    Professor of Management

    Editor, Journal of Small Business Strategy

    Foster <st1:place w:st="on"><st1:placetype w:st="on">College</st1:placetype> of <st1:placename w:st="on">Business Administration</st1:placename></st1:place>

    <st1:place w:st="on"><st1:placename w:st="on">Bradley</st1:placename> <st1:placename w:st="on">University</st1:placename></st1:place>

    <st1:place w:st="on"><st1:city w:st="on">Peoria</st1:city>, <st1:state w:st="on">IL</st1:state> <st1:postalcode w:st="on">61625</st1:postalcode></st1:place>

    309-677-2310 FAX 309-677-3348

    ffry@bradley.edu

    jsbs@bradley.edu

     

     

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO! ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 5.  Business plans for undergraduates

    Posted 09-21-2006 13:06

    Software helps. Check out Jerry Katz book and others that include software to help with proformas. A refresher seminar or brining in bankers is helpful to me. Bill

     

    William D. Schulte, Jr., Ph.D.

    Associate Professor

    Sam Walton Free Enterprise Fellow

    Harry F. Byrd Jr. School of Business

    Shenandoah University

    1460 University Drive Winchester, VA 22601

    wschulte@su.edu

    wschulte@msn.com

     

    The mission of the Harry F. Byrd, Jr. School of Business is to educate its students to become successful, principled leaders with a global perspective.

     

    "Success Stories start here"

     

    " Do You Know What It Means to Miss New Orleans?"

    9th Ward for Life.

     

     

    -----Original Message-----
    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU]On Behalf Of Fry, Fred
    Sent: Friday, September 15, 2006 12:14 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: [ENTREP] Business plans for undergraduates

     

    I would like to change this stream of discussion a bit.  Here is the question.  How do you handle pro formas for the student business plans?  Most of my students have had the freshman accounting classes, but have forgotten or repressed most of that by the time they are juniors or seniors when they take my course.  Do you give special training on pro formas or simply leave this up to them to learn or recall on their own?

     

    Dr. Fred L. Fry

    Professor of Management

    Editor, Journal of Small Business Strategy

    Foster <st1:place w:st="on"><st1:placetype w:st="on">College</st1:placetype> of <st1:placename w:st="on">Business Administration</st1:placename></st1:place>

    <st1:place w:st="on"><st1:placename w:st="on">Bradley</st1:placename> <st1:placename w:st="on">University</st1:placename></st1:place>

    <st1:place w:st="on"><st1:city w:st="on">Peoria</st1:city>, <st1:state w:st="on">IL</st1:state> <st1:postalcode w:st="on">61625</st1:postalcode></st1:place>

    309-677-2310 FAX 309-677-3348

    ffry@bradley.edu

    jsbs@bradley.edu

     

     

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO! ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!