This class was tough.
I would recommend this course because it teaches students about the fundamental aspects of taking risks, making sound business decisions, becoming innovative thinkers, and ultimately developing a successful enterprise. During the preliminary stage, prospective business owners contemplate on what type of business they are most interested in pursuing. Afterwards, they begin to search for funding through private investors, venture capital firms, family, and friends in addition to using their own personal savings. Moreover, this course discusses markets, competition, product distribution, and much more. This course will give students the knowledge management and human capital needed to thrive in the business world.
In this course, I learned about successful and unsuccessful entrepreneurs, funding, types of products, contracts, as well as new, existing and franchise businesses. Entrepreneurship emphasizes on the willingness to fail and learn from it, understanding risk and reward, reviewing vital documents, and most importantly, having a business plan. As such, I was able to gain profound knowledge about the steps business owners take to start their enterprise and gradually expand it into numerous de novo markets.
Hours per week:
Advice for students:
As with any course, I would advise students to highlight key points from the textbook and other resources that talk about business plans, types of products, capital funding, risk and reward, customer base, and market share. These are the main predominant factors that many business owners focus on because they can help them make projections on investment strategies, understand their business's demographics, and compete more effectively. By studying these components, as well as other areas of entrepreneurship, students will complete this course with greater knowledge regarding business leaders and economic growth.