As a minor in entrepreneurship, you’ll be joining a community of successful innovators who will help you bring your ideas to life and become a business leader.
You’ll learn how to identify business opportunities, write a business plan, manage risk, resolve conflict, and collaborate with teams.
The required entrepreneurship courses occur in a three (3) semester sequence starting in your first or second semester of your junior year (but no later than the first semester of your senior year).
How do you create value within a new venture or existing firm? Entrepreneurs will explore their innovative mindset, action orientation, and willingness to assume the responsibility necessary to bring new products, services and businesses to the market. Methods of detecting pain or gaps in the market place (idea generation), pursuing dreams, and utilizing design thinking, as well as business models around leveraging new opportunities will be explored. Students will gain the knowledge necessary for generating and vetting opportunities.
ENT-280 or ENT-309 and Junior Standing
How do you measure the value-added by a new business opportunity? In this course, you will start developing a financial toolkit and skill set to assess the value of a new product, service, or business. Financial implications of different business models and characteristics of various industries will be discussed. Major topics covered will include 1) forecasting (generating pro-forma financial statements), 2) financial analysis (liquidity, profitability, break-even, and feasibility analyses), 3) sources of funding (bootstrapping, family & friends, crowdfunding, angel investors, venture capital funds, and loans) and 4) basics of valuation.
ENT-280 or ENT-309; Junior standing or higher.
How does protection of intellectual property, and human, physical, and financial capital add value to the new or existing organization? Entrepreneurs will learn appropriate legal protections related to people and property associated with the firm. Major topics covered will include 1)legal protection (patents, copyrights, trademarks, service marks, trade secrets, business organizations, confidentiality and non-disclosure agreements, employment agreements, stock/ownership restrictions), 2)human resources(creating and managing teams, hiring, firing, organizational structure, employment/independent contractor issues, and compensation strategies), and 3)growing business value(merger, acquisition, and other expansion techniques).
In addition to the above three (3) courses, students from the College of Arts & Sciences are required to take ENT 101 Business Foundations (formerly SBS 101) before starting the entrepreneurship minor.