Tag Archives: Entrepreneurship

Ask Dr. Business: What classes can I take on Entrepreneurship?

This week’s question:  What classes can I take on entrepreneurship?

Dr. Business:  Many colleges and universities have courses on entrepreneurship. They are good to gain a fundamental understanding of entrepreneurship, but they need to be supplemented with some hands-on practical experience to achieve a better understanding of what it means to be an entrepreneur.

In my MBA course on “Entrepreneurship & Innovation”, since I am the epitome of an entrepreneur I share with my students what I have done and I am still doing of an entrepreneurial nature to give them a real life flavor for what’s involved. In addition to that I have selected three course deliverables: (1) develop a paper on an entrepreneur outlining what problem they identified, the solution they developed, and how they raised enough money to implement the strategy that has made their business what it is today, (2) select a relatively new website created by an entrepreneur that they currently use and get value from, and present it to the class explaining how it has evolved, and (3) take an idea that they have for a business and develop a business plan to determine whether or not it can be a viable, profitable enterprise. This project is an invaluable learning experience for any would-be entrepreneur.

As a result of taking my course, on average, several of my students have started their own businesses every semester. This blending of my actual experiences as an entrepreneur, the study of other entrepreneurs, and the actual exercise of constructing a business plan on their own idea, has proven to be a model for success in terms of teaching the concept of entrepreneurship.

What’s your question for Dr. Business?

Ask Dr. Business – Entrepreneurship: where do I start?

Here’s the latest question for Dr. Business.

Entrepreneurship: Where do I start?

Every business has started with a problem. An entrepreneur has come up with a solution to the problem and the rest is history. Many businesses have been started by entrepreneurs having a problem that they developed a solution for and then went on to commercialize the solution. The best place to start is to list all the problems you have all day every day driving, working, shopping, eating, etc. If you have those problems then others like you have the same or similar problems. How can you come up with a way to solve the problem, that is viable, and that you would be willing to pay for? We have had a lot of snow recently and many people would like an alternative to shoveling it themselves, but they don’t know where to find someone else to do it. An entrepreneur who had that problem developed an App called “e Plow” which allows those who need to have someone remove the snow for them to be able to contact someone else who does that – snow removal contractors and others with snow blowers and shovels. This entrepreneur has gone on to develop another App called “e Mow” for homeowners who need to find someone to mow their lawns for a week, or a month, while they go on vacation, are sick, or just can’t do it for a variety of other reasons.

Do you have any questions about a business that you would like to start, but are unsure as to how to get started? Ask Dr. Business.