MGT 402: Entrepreneurship and Small Business

Course Learning Outcome:

1. Demonstrate a solid understanding of the potential of entrepreneur in today’s competitive business world. (Lo 1.2).

1. Design a solid projected financial Plan and conduct a breakeven analysis for a small company. (Lo 2.5).

1. Demonstrate a thorough understanding regarding the importance of cash management for the success of a small business. (Lo 2.8).

Assignment Workload:

This assignment is an individual assignment.

Case Study

Students are supposed to read the attached Case 2- Able Planet. Based on your understanding of the case and basic concepts of Entrepreneurship.

Answer the following question:

1. Experts say that entrepreneurs who need between $100,000 and $3 million often face the greatest obstacles when raising capital for their businesses. Why?

2. How should Kevin Semcken raise the $1.5 million in capital that Able Planet needs? Be sure to consider sources of both debt and equity financing.

3. Write a short memo to Kevin Semcken explaining what he should do before he approaches potential lenders and investors to maximize his chances of getting the capital that Able Planet needs.