ENT 3501 Starting a venture I
ENT 3501 Starting a venture I
This is a practical course where students receive training in developing ideas, commercialization and setting up a business. The students will during the course initiate, conduct and possible start up their own business, either as "Student Corporation" or as an ordinary company. The course follows the framework of Ungt Entreprenørskap and the expected participation in the hours and work beyond lectures. There are earning requirements for student corp. in consultation with the class.
During the course, the student should acquire general knowledge about:
- The steps from business idea to registration, start up and operations
- The control systems and operative functions of a company
- Challenges connected to start up, resources and time
- Possibilities and challenges for marketing and sales to the corporate and individual market
- Networking
- Ability to operationalize a business plan
- Experience with collaboration to reach a company's goals
- Design, manage and reflect on the process of organizing a company
- Reflect about gaining goals (demand for sales/turnover)
The student should through participation achieve experiences with real choices connected to idea, commercialism, registration and operation of a company. An the capacity for critical reflection on ethical and economic consequences related to the way firms and industries are organized from idea to operation.
- The business idea and the entrepreneur's resources
- Entrepreneurship theory
- Choice of business platform, registration
- Company organization and governance
- Networks and alliances
- Product/services
- Marketing, sales and distribution
- Financing and budgeting
- Business plan and pitching
- Exit or future growth
The course is based on classroom lectures and active participationin class is expected. Attendance will be registered. The students shall participate in a business start-up, either through a Student company-format of Ungt Entreprenørskap, UE, (Junior Achievement - Young Enterprise Norway) or a company in which the student has active ownership. The students shall give 1 curriculum-relevant presentation of the business idea and a pitch, and exercise in class presentation techniques and sales. All enterprises are invited to participate in the regional student enterprise competition. The UE-student enterprises have the opportunity to qualify for the national competition.
A re-sit exam is held in connection with the next ordinary examination in the course.
Higher Education Entrance Qualification
Covid-19
Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.
Recomended ENT 3400 Introduction to Entrepreneurship or equivalent experience with development of a business plan.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 60 Grouping: Group/Individual (1 - 5) Duration: 1 Semester(s) Exam code: ENT35012 Grading scale: ECTS Resit: Examination every semester |
Exam category: Activity Form of assessment: Oral examination Weight: 40 Grouping: Group/Individual (1 - 5) Duration: 30 Minute(s) Comment: Oral examination will take place after submission. During the oral exam, the business plan and concept must be presented by the candidates, and there will be questions from the examiners. Both written and oral exam must be passed to obtain final grade in the course. Exam code: ENT35013 Grading scale: ECTS Resit: Examination every semester |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 36 Hour(s) | |
Student's own work with learning resources | 82 Hour(s) | |
Group work / Assignments | 82 Hour(s) | Work with own enterprise |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.
The written submission must contain:
-a business plan (12 pages)
-a confirmation of company registration (1 page)
-a status statement for further operation or settlement (1 page)
-an economic status statement (turnover requirement stipulated at the start of the course), possibly interview by one of the groups that has reached the requirement and reflections (2 pages)
Both written and oral exam must be passed to obtain final grade in the course.