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Student Resources > What Do Entrepreneurs Need to Know?

What Do Entrepreneurs Need to Know?

Here's a bare bones outline of what an entrepreneurship course teaches:
(adapted from www.gwudeca.org ).

  • Deciding what your product/service will be
  • Seeing if there is a market (customer group) for your product/service
  • Learning to judge whether your business will work (how to reduce your risk)
  • Deciding whether you want an Internet business
  • Developing an actual business plan for your idea
  • Getting funding (capital investment) for your business
  • Learning how to manage the business's finances
  • Promoting your product/service
  • Hiring needed employees
  • Getting the product/service to your customers
  • Learning about the technology your business will use

I never perfected an invention that I did not think about in terms of the service it might give others... I find out what the world needs, then I proceed to invent.

Thomas Edison