Why minor in Entrepreneurship?
Each year in the United States, there are approximately 700,000 new businesses started by individuals with a dream, passion and desire to build a lifestyle of independence. This entrepreneurial spirit is one of the most significant economic developments in recent business history. As Thomas Zimmerer, author of Essentials of Entrepreneurship and Small Business Management points out, entrepreneurial heroes are reshaping the business environment; with vigor, their businesses have introduced innovative products and services, pushed back technological frontiers, created new jobs, opened foreign markets and in the process provided their founders with the opportunity to do what they enjoy most.
Where do Entrepreneurship Professionals work?
The following professions and professional organizations illustrate the types of positions that are associated with completing a major in Entrepreneurship:
- Commercial Banker – A leader of a financial advisory department and is responsible for leading the Financial Advisors and Loan Officers. The Commercial Banker is responsible for identifying new and profitable commercial banking and credit customers.
- Economic Development Specialist – Identify important factors for attracting and retaining business activity and work with city officials to develop strategic plans for economic development. They also help write policies or draft incentives designed to attract new business opportunities.
- Franchiser/Franchisee – Organize and plan a corporation’s message regarding business strategy, promotions and products. Franchise Managers oversees new franchises and provides training/information on business policies/procedures.
- Small Business Executive – Are responsible for planning, directing, and coordinating the operations of a company or a public/private organization. This includes formulating policies, managing daily operations and planning the use of material and human resources to effectively meet objectives.
- Executive Coach – Business and executive coaching is based on the idea of establishing habit changes that promote greater efficiency and success. The most important thing a professional business or executive coach brings to the relationship is objectivity and consistent accountability. A good coach discovers the root problem behind the bad habit, explains why it needs to change, provides an alternative system or method and creates accountability for the behavioral change.
- Venture Capitalist – Discovers and invests in startups or entrepreneurs who have high-profit potential. They must be able to perform financial analysis, evaluate a company or idea in terms of its potential effect and acceptance in the marketplace, measure the potential hazards/risks involved and be able to finalize a deal once an investment opportunity is found.
For additional information on starting your own business, access the following websites: www.startuply.com ; www.entrepreneur.com ; www.zeromillion.com
What are the course requirements for a minor in Entrepreneurship?