Can entrepreneurship be taught? Can your students learn to be entrepreneurs, or must they be born with an entrepreneurial spirit? While some people are naturally more oriented toward an entrepreneurial lifestyle, and feel more comfortable with the uncertainty that comes with entrepreneurship, it’s definitely possible to work on developing some of the key attitudes and …
Special Entrepreneurship Educators Edition: Fall Term Success
Yikes. Summer is virtually over. Fall classes are just around the corner. Whether you’re dreading going back to class or are excited about getting back to teaching, we’ve got a few tricks and tips to make the transition easier. 1. Find out what courses you’re teaching Did you forget already? Did the administration fail to …
Special Entrepreneurship Educators Edition: Fall Term SuccessRead More
Looking for Money? Consider Crowdfunding
When people refer to crowdfunding, they generally mean raising money in return for a small amount of stock or ownership in the new company. However, there are actually two types of crowdfunding. 1. Equity crowdfunding Equity crowdfunding enables large numbers of people to invest small amounts of money in new ventures in return for a …
Case Study: The Bank of Starbucks
Excerpted from Entrepreneurship: A Real-World Approach, 2nd Ed, now available Challenge: To improve cash flow, reducing the unpredictability of sales for a nonessential purchase Solution: Find ways that encourage customers to prepay for goods long before they purchase them, and invest those funds safely There’s a pretty good chance the last time you ordered a Starbucks …
Immigrant Entrepreneurs Your Students Can Look Up To
We’ve been hearing a lot about immigrants in the news lately—first with the election, then with the proposed wall, and now with the travel bans. Many of your students are immigrants themselves or the children of immigrants. After they graduate, they will start businesses—and likely at a high rate. That’s because—aside from you being a …
Immigrant Entrepreneurs Your Students Can Look Up ToRead More
Should Your Students Emulate Elon Musk?
In the summer of 2016, Elon Musk, CEO of electric-car maker Tesla, unveiled his vision of the future, called “Master Plan, Part Deux.” Not content to just concentrate on building a sexy, safe, and desirous electric car, Musk already had a lot on his plate: building a massive electric battery plant in Nevada, buying the solar-panel company SolarCity and, oh …
7 New Year’s Resolutions for Entrepreneurship Educators
Here’s a prediction for 2017: Interest in entrepreneurship remains as high as ever, and students will clamor to get into entrepreneurship courses. So you’ll want to make sure you bring your “A game” to these eager future entrepreneurs. These resolutions will help you make sure you’re covering both the fundamentals of entrepreneurship and the cutting-edge …
7 New Year’s Resolutions for Entrepreneurship EducatorsRead More
Reuse, Recycle, but First Reduce: Patagonia
Excerpted from Entrepreneurship: A Real-World Approach, 2nd Ed, now available Most businesspeople can tell you the goal of a for-profit corporation is, well, profit. But many entrepreneurs have other goals as well, such as improving society, reducing poverty, or protecting the environment. While the term “social entrepreneurship” has become widely used recently, entrepreneurs have been driven …
Social Media: Tool or Trap?
Have you embraced social media in your entrepreneurship classes? Does it differ from traditional marketing so greatly that it requires specialized classes? American check their phones a total of 8 billion times a day, and 80 percent of those smartphone users spend their time using just five apps—Facebook is number one. The argument that “social …
