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15.390

Entrepreneurship 101: Systematic Approach to New Venture Creation

2-2-8 units · Graduate

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

Prerequisites & course information

Prereq: None G (Fall, Spring) 2-2-8 units Credit cannot also be received for 15.3901

Sources