Entrepreneurship 103 prepares you for the MIT Global Entrepreneurship Bootcamp!
The bootcamp is a one-week, intensive entrepreneurship education program that challenges you to start a company in 5 days. The Bootcamp offers you the unique opportunity to be mentored by MIT faculty and MIT alumni entrepreneurs and investors as you begin your new entrepreneurial journey.
This course is not only for those planning to attend the Bootcamp. If you are asking yourself the big question "How will my innovation make money?" this could will help you find the answers to meet your goals, whether you continue to the Bootcamp or not.
This course is particularly useful for:
Corporate entrepreneurs building a new product line;
Scientists and engineers commercializing a new technology;
Entrepreneurs whose innovations have created radically new markets;
Educators, particularly former entrepreneurs, who are beginning to teach entrepreneurship;
Policymakers who work to energize the innovation ecosystems in their regions.
In short, Entrepreneurship 103 is your guide to creating a profitable and sustainable business.
With case studies from MIT startup companies and interviews of their founders, the course will teach you:
How to design a business model;
How to price your product;
How to build a sales process.
Entrepreneurship 103 will be of particular interest to you if you are offering a business-to-business (B2B) product or service, if you have created a multi-sided marketplace, or if you are competing in an established market with entrenched competition and are looking for an innovating business model to give you competitive advantage.
In the Verified track the MIT course team composed of Faculty, Teaching Fellows, and Alumni Mentors will review, grade and provide feedback on your assignments. In addition, we will review and provide feedback on your business plan, which has been a frequent and emphatic request for in the past that we are now excited to meet. In the Verified track you will also be enrolled in weekly review and discussion sessions.
Finally, it is great to take Entrepreneurship 103 as a team, for the course will give you a common framework to make decisions, laying the foundation for your long-term success.
Once you have figured out who is your customer and what you can do for them the next huge question is how do you make money!?!
Unfortunately we can all fall foul of forgetting this question till last! and when we figure out we need to make money as an entrepreneur to survive it tends to be when there is not enough time left to find the answer.
103 puts this back into perspective and helps us figure out how to capture some of the value that we have been adding to our end user's life and experience.
Simply put: "Entrepreneurship 103 is a must for any aspiring entrepreneur"
One of the best courses of Entrepreneurship. Very detailed explanations and great examples of other entrepreneurs. This course is perfect to understand the fundamental principles to create an economically sustainable new venture with a coherent unit economics and business model.
Mateocompleted this course, spending 4 hours a week on it and found the course difficulty to be medium.
This is a must course!! Every business and organization has to make money "its the oxygen of the organization that will keep it going" this course teaches in a fun, simple and at the same time deep and meaningful way how to monetize and extract the value of paying customers.
That’s fantastic online course which helps to understand the principles of entrepreneurship. It has to be done accompany with two other entrepreneurship courses 101 and 102. I strongly recommend to do that.