1 / 12

Entrepreneurship Challenge: Building a Successful Company

Dive into the immersive world of entrepreneurship in this challenging course where you'll develop skills in resourcefulness, flexibility, and more. Learn how to pitch business ideas, manage risks, and lead a team effectively. Graded based on your concept, execution, profits, response to change, and more. Work collaboratively with peers to create a viable business plan and present it to your "Board of Directors." Get ready to unleash your entrepreneurial spirit and make an impact in the business world!

marny-chaney
Download Presentation

Entrepreneurship Challenge: Building a Successful Company

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Creating a Company (ENTRE 472/473) John R. Castle, Sc.D. castlej@u.washington.edu 425-503-1079 Mackenzie 222 Creating a Company

  2. John R. Castle, Sc.D • Chemical Engineering, MIT • Harvard Graduate School of Business • Founder of 9 companies • CEO/COO 14 companies • Director/Advisory Board - 17 companies • Non-profit boards • MIT Enterprise Forum (www.mitwa.org) • Northwest Venture Group (www.nwen.org) • Encompass (www.encompassnw.org) Creating a Company

  3. Course Requirements • All or Nothing - 2 Quarters, One Grade • Time Required: 10 - 20 Hours/Week, so not a good “filler” course • Judged by Business Standards • Full Immersion Experience Creating a Company

  4. Varied and broad background Creating a Company

  5. Instruction is Minimal • Guidelines and basics from Instructor • Tips from guest speakers • Learn from each other • Test your own ideas in the market Creating a Company

  6. Business Environment • On time attendance • Active participation • Risk taking is rewarded more than success (see grading system) • Dress is business casual to build credibility • Ethical behavior and full disclosure Creating a Company

  7. Skills Required • Resourcefulness • Flexibility • Clear writing • Public speaking • Team spirit • Emotional Intelligence Creating a Company

  8. Business Ideas • Possible in 2 quarters • Exciting • Challenging • Fun • Fit with team’s skills Creating a Company

  9. Funding and Profits • Loans awarded by judges • Limited personal financial risk • Revolving Fund • Excess profits donated to Business School Creating a Company

  10. Grading Criteria • Concept and plan 1st qtr - 30% • Execution and result 2nd qtr- 70% • Profits - 30% • Response to change - 40% • Complexity - 15% • Performance to plan - 15% • Addl credits for peer reviews, leadership Creating a Company

  11. Assignment for Next Class • Form teams of 4-5 people • Elect company officers • Choose a business • Be prepared to report to the Board of Directors Creating a Company

  12. Introductions • Name • Major and Skills • Business experience • Importance to you • Business idea that you want others to join you in (if you have one) Creating a Company

More Related