Entrepreneurship 101: Systematic Approach to New Venture Creation
Covers the process of identifying and quantifying market opportunities, then conceptualizing, planning, and starting a new, technology-based enterprise. Topics include opportunity assessment, the value proposition, the entrepreneur, legal issues, entrepreneurial ethics, the business plan, the founding team, seeking customers and raising funds. Students develop detailed business plans for a start-up. Intended for students who want to start their own business, further develop an existing business, be a member of a management team in a new enterprise, or better understand the entrepreneur and the entrepreneurial process. Meets with 15.3901 when offered concurrently.
Spring 2013 · New Enterprises
Topics
- Course introduction and elements & role of a business plan
- Idea generation
- Analyzing ideas and inspirations
- Speed dating for team formation
- More team formation and idea refinement
- Market segmentation & primary customer research
- Moving from the broad list of potential markets to specific targets
- Determining what you can do for your customer
- Defining and refining what makes you unique
- Simulation lab on marketing plan
- Competitive advantage
- Business economics part I: Cost of customer acquisition
- COCA examples and discussion
- How do you make your business economically sustainable & attractive?
- Sales and distribution
- Go-to-market simulation lab
- How do you design and build your product?
- Nuts and bolts of building your financial statements
- Product definition, development to delivery
- Legal considerations to start a company
- Scaling the business, team section & how to present a business plan
- Troubles ahead
- Student team presentations
- Student team presentations (cont.)
Readings
- SES #: 2 · TOPICS: Idea generation · READINGS: Mini case study
- SES #: 4 · TOPICS: Speed dating for team formation · READINGS: [Aulet] Step 0: “Getting Started.”
- SES #: 5 · TOPICS: More team formation and idea refinement · READINGS: Mini case study
- SES #: 10 · TOPICS: Simulation lab on marketing plan · READINGS: None
- SES #: 11 · TOPICS: Competitive advantage · READINGS: Mini case study
- SES #: 13 · TOPICS: COCA examples and discussion · READINGS: None
- SES #: 15 · TOPICS: Sales and distribution · READINGS: Mini case study
- SES #: 16 · TOPICS: Go-to-market simulation lab · READINGS: None
- SES #: 17 · TOPICS: How do you design and build your product? · READINGS: [Aulet] Steps 7, and 20–23.
- SES #: 18 · TOPICS: Nuts and bolts of building your financial statements · READINGS: None
- SES #: 19 · TOPICS: Product definition, development to delivery · READINGS: Mini case study
- SES #: 20 · TOPICS: Legal considerations to start a company · READINGS: None
- SES #: 21 · TOPICS: Scaling the business, team section & how to present a business plan · READINGS: [Aulet] Steps 14, and 24.
- SES #: 22 · TOPICS: Troubles ahead · READINGS: None
- SES #: 23 · TOPICS: Student team presentations · READINGS: None
- SES #: 24 · TOPICS: Student team presentations (cont.) · READINGS: None
- The primary textbook for this course is an organic handbook by Bill Aulet: Disciplined Entrepreneurship: 24 Steps to a Successful Startup . Wiley, 2013.
Prerequisites & course information
Prereq: None G (Fall, Spring) 2-2-8 units Credit cannot also be received for 15.3901
Sources
- Course catalogue ↗2026–2027
- MIT OpenCourseWare ↗Spring 2013
- MIT OCW calendar ↗
- MIT OCW readings ↗
- MIT OCW syllabus ↗
- Historical MIT OpenCourseWare offering. Named reading entries and schedule topics are automatically extracted from the linked source pages.