Category: Entrepreneurship

Free Entrepreneurship Courses offered online

Many of the MOOC’s (Massive Online Open Courses) offer entrepreneurship training and courses for free. MIT uses EdX for a course titled

“Becoming an Entrepreneur” – click on the picture to take this course.

Others such as Coursera offer this course by Wharton: Click on the image to take this course…

“Wharton’s Entrepreneurship Specialization covers the conception, design, organization, and management of new enterprises. This four-course series is designed to take you from opportunity identification through launch, growth, financing and profitability. With guidance from Wharton’s top professors, along with insights from current Wharton start-up founders and financiers, you’ll develop an entrepreneurial mindset and hone the skills you need to develop a new enterprise with potential for growth and funding, or to identify and pursue opportunities for growth within an existing organization.”

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Entrepreneurship in Emerging Economies

Explore how entrepreneurship and innovation tackle complex social problems in emerging economies.

What magazines and journals should entrepreneurs read?

Entrepreneurs need to stay sharp and know what is happening in the community. How can entrepreneurs do this? They can stay current by reading two of the leading magazines and some of the best journals on entrepreneurship.

My two favorite magazines are Entrepreneur and Inc. Check out their web pages and subscribe to the magazines. These two provide many golden nuggets of opportunity available to entrepreneurs and the art of entrepreneurship.

Some of the major journals on Entrepreneurship also provide great advice to thriving entrepreneurs and entrepreneurship in general.

Entrepreneurship Theory and Practice (ETP) is a leading scholarly journal in Entrepreneurship. The journal’s mission is to publish original conceptual and empirical research that contributes to the advancement of entrepreneurship. ETP is consistently ranked as one of the most influential business journals of the Journal Citation Reports and by the Financial Times as one of the top journals.This journal is a member of the Committee on Publication Ethics (COPE).

Journal of Small Business & Entrepreneurship is a double-blind reviewed and scholarly Journal dedicated to publishing in English and French original and outstanding studies that improve knowledge and understanding of entrepreneurship and small business management and, eventually, shape these fields of research.

Academy of Entrepreneurship Journal (AEJ) is a peer reviewed open access journal affiliated to allied Academy. Sponsored by the professional bodies like the Academy of Entrepreneurship, the journal adheres to a stringent double blind peer review policy. With an acceptance rate of 30%, AEJ considers theoretical, conceptual and empirical studies in entrepreneurship and small business management for publication.The journal caters to the needs of wide range of readers like B-schools, small and medium business entities, industries, policy makers, researchers, scholars, academicians and students. To this extent the journal encompasses a broad spectrum of topics in this field for publication, including but not limited to Strategy and entrepreneurship, nascent entrepreneurship, global entrepreneurship monitor, female entrepreneurship, business model evolution,Latent entrepreneurship, global entrepreneurship monitor, entrepreneurial spirit, small business owner-manager, small and medium enterprises, industrial policy and sectoral choice, entrepreneurial heuristics, entrepreneurial Spirit, Small business and economic growth, Nascent and start-up entrepreneurs,New venture creation process, organization, and behavior family business, Managerial characteristics and behavior of entrepreneurs,start-up entrepreneurs, customer relationship management, consumer behavior, E-Commerce and E-Business Models.

Introduction to Entrepreneurship

Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.

An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, by building an organization to support those sales. Entrepreneurship is a popular college major, with a focus on studying new venture creation.

Introduction to Disciplined Entrepreneurship with Bill Aulet

Entrepreneurship 101

What Entrepreneurs Get Wrong

The Psychological Price of Entrepreneurship

Business People and Creativity Concept

 

How to gain information on your competitor using the OODA Loop

Gaining information on a competitor is very easy with the use of technology. Gathering the information is the first step. I believe using Colonel John Boyd’s OODA loop is a great way to do this.

The OODA loop is the decision cycle of observe, orient, decide, and act, developed by military strategist and United States Air Force Colonel John Boyd. Boyd applied the concept to the combat operations process, often at the operational level during military campaigns. It is now also often applied to understand commercial operations and learning processes. The approach favors agility over raw power in dealing with human opponents in any endeavor.

The OODA in OODA Loop is an acronym that stands for:

Observe
Orient
Decide
Act

The following OODA Loop is useful for small business owners:

  1. Observe: First thing you do is to observe what your competitors are doing. You do this by looking at their webpage, social media presence, ads they are running, and good ole spying by walking in their establishment (if a standard business) or watching what they do online (internet business). Then you take this information and analysis it.
  2. Orient: Secondly, you orient by reviewing what you are doing in business, understanding where you are financially and in the market. This phase is used to understand what your strengths, weaknesses, opportunities and threats are.
  3. Decide: Third, you decide how you will respond to your competitor’s advantages or disadvantages. You analyze and synthesize the information and come up with ideas on how you will copy (legally) or counter what your competitors are doing by understanding their tactics, techniques, and procedures.
  4. Act: the last option is to use the information and act on it. If you want to copy what your competitor is doing, go for it. If you want to counter and exploit a weakness your competitor has from what you have learned in the previous steps, go forth and conquer. The key to OODA loop is stay fluid and having a plan to flex when you need to. The resilient small businesses consistently find new innovations to succeed, and that starts with having an entrepreneurial mindset.

How Chip Kelly Revolutionized the NFL with the OODA Loop

 

Dan “The Man” Lok’s F.U. Money Review

Dak Lok is an entrepreneur who gives it to you straight. He pulls no punches. I learned the following things by reading his book, F.U. Money:

  1. Do something you love

  2. Find something stable, long-term

  3. Make sure it is portable

  4. Profit margin >100%

  5. Scalable business

  6. Low startup costs

  7. Little to no staff

  8. Low overhead

  9. 24hr money coming in while you sleep (Source: F.U. Money)

Check out his webinar!

Get his book here…or Audiobook.

Bonus Video…