Entrepreneurial Foundations: From Ideation to Market Success
This course is designed to equip you with the essential skills and knowledge to embark on a successful entrepreneurial journey. Through a practical and engaging learning experience, you will explore ideation, craft a compelling value proposition, and master the art of the elevator pitch. You'll develop a solid business plan and marketing strategy to confidently bring your vision to life in the competitive marketplace. With a strong emphasis on practical application and comprehension, this course is your gateway to building the foundation for a successful and rewarding entrepreneurial journey.
Section 1: Introduction to Entrepreneurship
Understanding the entrepreneurial mindset and traits
Overview of the entrepreneurial journey and its phases
Exploring success stories of inspiring entrepreneurs
Identifying the benefits and challenges of entrepreneurship
Section 2: Ideation and Opportunity Identification
Techniques for generating innovative business ideas
Evaluating the viability and feasibility of ideas
Conducting market research to identify opportunities
Understanding customer needs and pain points
Section 3: Building a Solid Business Model Canvas
Introduction to the Business Model Canvas (BMC)
Defining key elements of the BMC: Value Proposition, Customer Segments, Channels, + Revenue Streams
Mapping out the relationships between different BMC components
Developing a concise and clear BMC for your venture
Section 4: Financial Management + Funding
Basics of financial management for entrepreneurs
Creating realistic budgets and financial projections
Exploring different funding options for startups
Understanding the pros and cons of bootstrapping + seeking external investment
Section 5: Bringing Your Vision to Life
Crafting a compelling value proposition
Mastering the art of the elevator pitch
Developing a detailed business plan based on the BMC
Creating a marketing strategy to reach your target audience
Overcoming common challenges in entrepreneurship
Managing risks and building resilience
Nurturing a winning team and effective leadership
Legal and regulatory considerations for startups
Networking and building professional relationships
Final Project: Business Plan Presentation
Students will present their business plans, incorporating ideation, the Business Model Canvas, financial projections, and marketing strategies.
Peer and instructor feedback will be provided to improve the presentations.
Course Wrap-up and Graduation
Reflection on the entrepreneurial journey and personal growth
Celebration of achievements and success
Resources and next steps for continuing the entrepreneurial journey
By structuring the course into five sections, the focus is on core aspects of entrepreneurship, making it easier for learners to grasp and apply the knowledge. The course will still cover essential elements such as ideation, finance, and the Business Model Canvas, providing students with the skills and tools necessary to embark on their entrepreneurial journey successfully.
Available Summer 2024