Given that 95% of all firms are considered small and medium enterprises and small businesses produce the majority of new jobs, the entrepreneurship/family business major provides preparation in starting your own venture or working for a small, entrepreneurial, and/or closely-held firm.
“We’ll place emphasis on practical issues and interactions with individuals who work with and/or advise such firms across individual, social, and corporate entrepreneurship,” says Chuck Matthews, professor of management and executive director of Center for Entrepreneurship Education & Research in UC’s College of Business. “While we anticipate 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 venture on a regular basis, including firms in the accounting, banking, financing, information systems, legal and marketing industries.”
Matthews says that the entrepreneurship major includes the process of ideation, conceptualization, formulation and implementation of new venture ideas. It also includes detailed information on organizational forms (C-corps, S-Corps, partnerships, proprietorships and LLCs); accounting, financial, information systems, tax and legal issues for new venture start-ups as well as those issues that are unique to family and privately held firms.
“All Entrepreneurship majors are required to complete a senior capstone field experience with a small, entrepreneurial, closely held firm, larger organization, or non-profit to apply first hand the knowledge gained throughout the curriculum,” Matthews says.
Entrepreneurship Major Curriculum: Majors take a total of seven courses (four required and three electives totaling 28 quarter hours) that cover the following five broad concepts
“While the aspiring entrepreneur will find this program quite appealing, students are well prepared to also work for larger businesses and support organizations that interact with small, entrepreneurial and family-owned ventures,” Matthews adds. “In addition, coupling the Entrepreneurship major with another major and/or minor enhances the student’s entrepreneurial and/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/or 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.”
For more information, contact Chuck Matthews, executive director of the UC Center for Entrepreneurship in the College of Business, at 513-556-7123.
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