Course Summary:

Course Objectives:

• Understanding basic concepts in the area of entrepreneurship
• Understanding the role and importance of entrepreneurship for economic development
• Developing personal creativity and entrepreneurial initiative
• Adopting of the key steps in the elaboration of business idea
• Understanding the stages of the entrepreneurial process and the resources needed for the successful development of entrepreneurial ventures

Course Outline

Exploring Entrepreneurship

• Defs meant to be an entrepreneur, risk and rewards
• Describe who becomes an entrepreneur - Product redesign
• List key characteristics of an entrepreneur
• Describe the value of learning about entrepreneurship

Entrepreneur Role in Society

• Explain entrepreneurs' responsibilities to individuals
• Describe entrepreneurs' environmental responsibilities
• Identify entrepreneurs' community responsibilities
• Describe the influence relationships between the global economy and the local economy has towards the choice of consumer buying patterns

Prepare for Entrepreneurship and Business

• Explain entrepreneurs' responsibilities to individuals
• Describe entrepreneurs' environmental responsibilities
• Identify entrepreneurs' community responsibilities
• Describe the influence relationships between the global economy and the local economy has towards the choice of consumer buying patterns

Types of Business and Ownership

• Define the importance of global economy and the effects on the production of their product/service
• Identify factors the rewards and risks entrepreneurs may experience in international trade
• Describe the influence relationships between the global economy and the local economy has towards the choice of consumer buying habits
• Identify the four main types of business based upon their primary function and the kinds of products they sell
• Examine trends in business start-ups in recent decades
• Explore growth expectations for business by researching recent data to determine if a particular business will dominate the US Economy
• Define liability and its legal obligation from entrepreneurs
• Explore the four types of business ownerships
• Explore non-profit organizations

Opportunity Recognition and Market Analysis

• Explain the purpose of a business plan
• Describe the types of business plan
• Identify the parts of a business plan
• Understand how to put together a business plan
• Identify ways to recognize business opportunities
• Explain how to use creative thinking to generate ideas
• Compare various types of business opportunities
• Describe methods used to evaluate business opportunities
• Explain why market research is so important
• Consider important factors when targeting a market
• Identify market research methods
• Learn how to identify competitors
• Determine your competitive advantage
• Identify the steps in researching a market.