Were you one of those kids who loved setting up a good lemonade stand or bake sale? Always coming up with some idea and gathering all your friends to make it happen? Are you obsessed with Shark Tank? Then you might be cut out for entrepreneurship. Not for the faint of heart, entrepreneurship is the willingness to start a new business using your own resources, time, and sometimes money. Entrepreneurship has played a vital role in the economic development of the expanding global marketplace.
What we love about entrepreneurship is the infinite possibilities! MYX started as a dream of our founder to fix and remyx education and now it is not only a functioning business, it is a movement, impacting the lives of hundreds. In this WorkMYX, you will learn from leaders in entrepreneurship at Babson and the University of Maryland who have walked the path of entrepreneurship. Core skills in financial accounting, statistics, marketing, finance, strategy as well as digital marketing are part of this WorkMYX. Take a deep dive into inclusive leadership and design thinking which we believe will give you an edge in your pursuits!
The second part of WorkMYX is all about social responsibility. You will gain the tools and strategies you need to create measurable social impact around the world. Combine the two? You will be unstoppable.
Everyone wants to be their own boss. Your earning and impact potential is limitless (source: careerexplorer.com)
27 million working-age Americans - nearly 14 percent - are starting or running new businesses (source: careerexplorer.com)
24 percent of U.S. entrepreneurs expect to employ 20 or more people in the next five years (source: careerexplorer.com)
Bill Gates, Jeff Bezos, Warren Buffet, Mark Zuckerberg
$72,000 with infinite potential for growth (source: payscale.com)
You decide. Will your business help save the world?
BS degree in business
You’re not just interested in making money. You’re interested in making a difference in the world too. Set your career and your business on the road to success by learning evidence-based strategies to achieve sustainable social impact: profits with purpose. This specialization was designed to give you the tools and strategies you need to create measurable social impact around the world – whether your impact goal is to create jobs, to reduce malnutrition, or to increase access to environmentally-friendly and affordable housing, or to make a positive difference in some other way. In these four courses taught by acclaimed Wharton professors, you’ll learn how to apply effective business strategies to real-world problems through a deep understanding of the global practices and trends shaping the world today.
Lead, invest and make business decisions for social impact
Analyze information about global trends to make more informed strategic business decisions
Understand the role of corruption in societies so you can make better business decisions
Develop, launch, test, and scale entrepreneurship projects which have high-potential of significant positive social impact
Wharton's Entrepreneurship Specialization covers the conception, design, organization and management of new enterprises. This five-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.
Growth strategies and exit strategies
Discovery driven planning and finance skills
Brand management and marketing
How to get and choose investors
This course covers in the chronological order each defining step of an entrepreneurial project. It begins with very personal considerations related to getting to better know yourself better to see if you are ready for the multiple challenges of entrepreneurship. It then deals with creativity in order to provide the right set of tools to find an idea with the right potential to disrupt an existing business. We then discuss how to gather a founding team, how to raise money to initiate the project, and how to deal with day to day cash management. Later in the course, we discuss the art of selling, focusing on business to business sales, and how to measure the product launch phase using cohort analysis. Later on, we discuss the challenges of HR in an entrepreneurial environment, and of recruiting at a point where nobody knows your company. We then describe very practical techniques to initiate the international development of a small company. Last, we cover the exit strategy topic.
Identifying your belief system
Strategies for creating a finding team
Cash management & financial indicators
Selling and scaling
If you’re an entrepreneur at any stage of your journey, or even an aspiring one, and you need money to start or grow your business, this course is for you. This course will introduce, and help you put to use in your startup, the five models through which your customers can – and will, if you ask them! – fund your business. These five time-tested models have been put to use by entrepreneurial superstars like Michael Dell, Bill Gates, Richard Branson and more. Sadly, though, the five models are rarely talked about and not widely understood. Until now! The five models will be brought to life by the real-world stories of an inspiring collection of incredibly creative entrepreneurs from around the world – including successes and failures – through a series of captivating no-holds-barred interviews with founders and others, and investors.
More than two generations ago, the venture capital community – VC’s, business angels, incubators, and others – convinced the entrepreneurial world that writing business plans and raising venture capital constituted the twin centerpieces of entrepreneurial endeavor. They did so for very good reasons: the sometimes astonishing returns they’ve delivered to their investors and the incredibly large and valuable companies their ecosystem has created. But the vast majority of fast growing companies never take any angel or venture funding. Are they onto something that most of today’s entrepreneurial ecosystem has missed? Indeed, should a business angel or VC be seen as the first port of call for getting your nascent entrepreneurial venture off the ground or growing it faster? Perhaps not. Let’s find out!
How to navigate the world of Venture Capital
Five time-tested models have been put to use by entrepreneurial superstars like Michael Dell, Bill Gates, Richard Branson
Hands-on, practical tools to help your business start and thrive
In this course you will engage in a series of challenges designed to increase your own happiness and build more productive habits. As preparation for these tasks, Professor Laurie Santos reveals misconceptions about happiness, annoying features of the mind that lead us to think the way we do, and the research that can help us change. You will ultimately be prepared to successfully incorporate a specific wellness activity into your life.
This work totals 141 hours over the course of 15 weeks
Please note that MYX will enroll you in these courses before the start of term.