Micro and small business
Here we are again. New week, new thoughts!We have just started a new class today, called GENT (Global entrepreneurship). Let me tell you from the start, that it sounds like a super interesting class.
Definition: An entrepreneur (a loanword from French) is a person who undertakes and operates a new enterprise or venture, and assumes some accountability for the inherent risks. (wiki)
Cool stuff:
1) We got to chose drinks at the beginning of the class (Some strange gingseng tea, water, Starbucks mocha, gatorade)
2) He gave us an awesome presentation on the world trend: micro and small businesses are getting their voice hearted more and more these days. The innovation comes from this area now.
3) We have to come up with a business idea in our 3 or 4 people groups; not only that, but during the last class, we will present our business idea to all of our class mates; they will be the one who will rank the business projects and the winners will actually get to have money back
1) We got to chose drinks at the beginning of the class (Some strange gingseng tea, water, Starbucks mocha, gatorade)
2) He gave us an awesome presentation on the world trend: micro and small businesses are getting their voice hearted more and more these days. The innovation comes from this area now.
3) We have to come up with a business idea in our 3 or 4 people groups; not only that, but during the last class, we will present our business idea to all of our class mates; they will be the one who will rank the business projects and the winners will actually get to have money back
1st place $500
2nd place $250
3rd place $125
4th place $75
5th place $50
... this says it all for class competition
4) We'll get to meet with one of the most prolific entrepreneurs that graduated from the IMBA program: http://www.gtis.com/index.cfm. Impressive product that sells now for some tens of thousands of $ and is a global business (actually, as global as it gets).
In the meantime, we have to think of a business proposal idea, so if you read this blog please support me by commenting on a innovative business idea that you think it can work. I would really appreciate it!
posted by Adrian @ 1:32 PM
3 Comments:
Yep.. I was wondering how can someone teach entrepreneurship..."It is an ability to take risk" and the way he talked about people and innovative ideas.. and the way he handled the first class was really really good.. I am sure we all are going to enjoy this course..
Being an entrepreneur is much more than taking risks. This class will show it I am sure. By following the steps for our project, you can apply this to your own business, thus taking out a lot of the risk associated with starting a business. But you are right, the risk is not for the faint of heart.
David, I tend to agree more with your opinion, altough Anand is also true that you need to take a fair amount of risk.
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