XMG1063W The Finance of Business (yr2017-2018)
In this course, we will cover accounting basics and work our way to understanding the basics of a profit and loss statement, balance sheet and cash flow statement. We will also discuss different accounting software options. We will explore ways to use financial analysis to help build controls within our organizations for budgeting purposes. We will dive into the impact that economic factors can have on our business and consider how concepts such as GDP, interest rates, scarcity and opportunity cost impact not only our business, but also our customers.
Key Habits of Entrepreneurs, Ideas to Business and Business Formation
The Why? Of Business & The Blue Ocean
Market Research Testing & Validation
Social Media & Engaging Advocates
The team of instructors consists of experienced entrepreneurs and business leaders who have succeeded and failed at entrepreneurial endeavors.
Dina is a successful entrepreneur, mentor and expert instructor. She joined the Institute of Entrepreneurial Leadership as Assistant Director in October 2011. Since joining the IEL Team, she has performed as a lead expert instructor for many entrepreneurship classes and serves as a lead mentor for about 25 companies annually. Her depth of expertise around courseware development and facilitation, learning and organizational development and sales and marketing have been key in leading thoughtful discussions with the participating student entrepreneurs. Dina currently holds the role of Associate Director and runs the operational aspects of the program along with her teaching and mentoring responsibilities. She is the IEL representative in the National Business Incubator Association where she is working toward the Incubator Manager Certification. She is a certified Train-the-trainer and also holds a coaching certification through WKI of Canada.
Ben Olmos, Ben is a business professional, academic, and entrepreneur with more than 20-years of experience in the consumer packaged goods industry. Though originally from California, Ben’s professional career started in Atlanta, GA at Coca-Cola’s global headquarters. While at Caca-Cola Ben worked in sales and marketing operations where he managed or led national projects for more than 200 of Coca-Cola’s top national and regional customers in a variety of consumer channels such as grocery stores, specialty retail, restaurants, colleges, convenience stores, theme parks, movie theatres, sports stadiums, cruise lines, and airlines. In his role as Sr. Manager, Ben was responsible for coordinating three departments as well as several cross-functional teams focused on the implementation of product and equipment as well as $500 mm in trade marketing funds. Utilizing his knowledge of supply chain operations and his Black Belt in Six Sigma worked to improve costs, speed, and efficiency across the organization. In In 2014 Ben relocated back to California to accept a job working in the wine industry where he provides analysis and insights for sales, marketing, and operations to executive leadership.
Sangita Patel, MBA Drawing on a 15 year career in corporate finance, Sangita has spent the last 8 years working with starts up in a variety of different industries from diamond wholesale to electronics manufacturing. She loves being able to bring her experience to the classroom and help aspiring entrepreneurs develop and grow their ventures. Sharing insight and "lessons learned" makes allows for a positive and challenging learning environment. She holds a BS in economics from the University of California at Berkeley and a MBA from San Jose State University.