What is Entrepreneurship?
Given that 90% of all firms are considered small and medium enterprises and that small businesses produce the majority of new jobs, the entrepreneurship major provides excellent preparation for the world of business. Emphasis is placed on practical issues and interactions with individuals who work with or advise such firms across individual, social and corporate entrepreneurship. While it is anticipated that entrepreneurship majors are interested in starting their own ventures, majors are also well prepared to work for businesses and organizations that interact with small, entrepreneurial and family ventures on a regular basis.
The major includes an introduction to the issues and concerns unique to new venture start-up and closely-held business; detailed information on organizational forms (C-corps, S-Corps, partnerships, proprietorships, and LLC's); accounting, financial, information systems, tax and legal issues for new venture start-ups as well as those that are unique to privately-held firms. Students learn what is involved in the ideation, conceptualization, formulation, and launch of a new venture. All entrepreneurship majors are required to complete a senior capstone field experience with a small, entrepreneurial, closely-held firm, larger organization or nonprofit to apply firsthand the knowledge gained throughout the curriculum.
While it is anticipated that entrepreneurship majors are interested in starting their own ventures, majors are also well prepared to work for businesses and organizations that interact with small, entrepreneurial and family ventures on a regular basis.
While the aspiring entrepreneur will find this program quite appealing, it will also prepare students to work for larger businesses and support organizations that interact with small, entrepreneurial and family owned ventures. In addition, coupling the entrepreneurship major with another major or minor enhances the student’s entrepreneurial or organizational career options. For instance, a double major with information systems could lead to work as an independent consultant or work for a larger firm servicing small, entrepreneurial and family owned ventures; a double major with accounting could lead to opening an independent tax consulting business or a career with a larger accounting firm in its small and medium sized business division.
Entrepreneurship students and graduates have recently been hired by renowned startup accelerators such as The Brandery, Cintrifuse and CincyTech.