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Show NEWS A4 ^ f the Woodbury School of Business Entrepreneurial Breakfast series, John Richards Students and community members advice on how to fund their businesses, and he also •tfther valuable business guidance. bund Business Advice cizttgpsgtfSjor of Entrepre- neKtgJ*af:BYU spoke to a ^^gj3f-business-minded , people at the Alumni House on June 10 as part of the Woodbury School of Business's Entrepreneurial Breakfast Series. Tapping into engaged learning with sponsors Bank of American Fork and the CPA firm Hawkins, Cloward & Simister, the /ou are doing," Richards ness presented the second ,said. Richards used the analbreakfast in their series. Richards spoke to the ogy of hanging a paper plate group about "Funding Your on a tree 200 yards away Business." He touched on a and tying to shoot at it with wide range of topics, includ- a pistol. This demonstrates ing everything from balance what using financial plans sheets, income statements in business can do. and capitalization tables to "You could shoot at it a ratio analysis. hundred times and never hit Ratio analyses are an the paper plate," Richards "important barometer for] said. "If you have a rifle measuring stick of how well with a laser on it, you will hit it every time." According to Richards, there are two critical business mistakes. The first is a failure to determine the type of company being operated and who owns what in the company. The second is failure to plan financially, especially where cash flow is concerned. While not everyone is a business person, all can learn from this pearl of wis- dom. We all have 24 hours in a day; this is a "non-renewable commodity," as Richards said. When it is gone, it is gone. Learning to use that time wisely will allow for the highest productivity. After attending the breakfast, entrepreneurial student Gavin Sullivan said there is "a lot more I need to learn before approaching investors." He also learned about the important role nancial statements have in business. The breakfast series will be held on the first Thursday of each month through the end of the year at the UVU Alumni House and cover various topics in business. For more information, go to www.uvu.edu/woodbury/ entrepreneurship/breakfast. html Bringing Wall Street to the Woodbury By DARIN-RECTOR News Writer Business is anything but usual at the Woodbury School of Business, due. to the new MBA program that is set,to commence this fall, which has prompted some major renovations. The. business school will be set apart/rom the rest of the building by more.than just paint and carpet. The remodeled building will look, more like.a Wall Street office. The brick walls: are being covered in some places with dry wall for ease of decorating and .easier access for all of the new wiring. ."•This is the first rdhovation done to the building since the mid 90's," said Ian Wilson the Dean of the woodbury schpiol of business. "The last time the building was remodeled was when thexomputer lab was built." . The MBA program will have an initial cohort of 42 students. Due to the higher enrollment, auditorium style classrooms like WB 126 and WB' 123 have been completely remodeled because of the need for more classroom space and increased electronic media. "There will be new and more comfortable desks and swiveling office charirs/ that will make group assignments- easier," said Associate Dean Eugerie-Seeley. "There will be electrical'OUtlets placed at every other desk to accomnlodate student's laptops." Upon completion the new build- t ing will be more accommodating to everyone, but the construction has been less than accommodating to some. According to Seeley the project has inconvenienced the advisors who have had their offices relocated into a classroom on the second floor. Their inconvenience will be compensated, however, with new offices in the fully remodeled advisement center. The advisors will be more accessible to students because the building design allows traffic to flow more easily into the newly created lobby area. The largest undertaking by far is the new finance lab. The state of the art facility will have 54 workstations that are comprised of nine pods with six students to a pod. The finance lab will have four individual flat screen monitors and two large projector screens. The new electronic media will give the instructors an opportunity to display real time stock prices and commodity prices. The finance lab will be equipped with an electronic ticker tape that will be visible inside the classroom as well as in the hallway. When entering the building and seeing the changes that have taken place there will be no mistakingithe fact that this is a school of business and finance. The Woodbury School of Business undergoes extensive remodeling to create the much needed space for the new MBA program beginning this fall. 4 Courtesy ol the Wo&bury School ^T Business |