Project Instructions FIN 3360, Fall 2022 Statement of the Project Idea Your first post on the discussion board should contain a proposal for an entrepreneurial project. You may propose a product or a service – it is your choice, there are no explicit restrictions. My main advice is, choose a realistic, doable project; something you could see yourself working on, devoting a lot of time and attention to. Please stay away from science fiction, wishful thinking, very abstract and hard to implement ideas. Please make only one proposal per group. Your report should include the following parts 1. Description of the main product of service; relevant industry characteristics; goals and milestones. 2. Current Team members and their roles in the firm 3. Discussion of strengths and weaknesses (SWOT analysis). Check VOS Indicator questions, highlight those you find particularly relevant; you may also discuss what score you might expect 4. Discuss the initial cost of setting up your production in as much detail as possible: assets to be purchased, space to be rented or purchased, labor to be hired, etc. 5. Pro-forma financial statements. Typically, monthly forecasts are recommended, planning for a few months ahead. You may also prepare a more brief annual version 6. Short-term cash management tables 7. Analysis of need for external financing. Discuss a. Potential sources of capital b. Types of contracts that you plan to sign with your investors 8. Valuation. Use several valuation approaches, discuss reliability of the valuation numbers. I will post detailed instructions for each upcoming part of the analysis as the semester progresses. Specific deadlines will depend on how fast we cover the material in class.
