Course description
Entrepreneurship 103: Show Me The Money
Successful entrepreneurship ultimately comes down to three questions:
- Are you solving a real problem?
- Do you have a superior solution?
- Can you sustainably deliver the solution?
The course series Entrepreneurship 101, 102, and 103 addresses these questions one by one.
Entrepreneurship 103 is your guide to creating a profitable business. So you’ll learn more than just entrepreneurship here. You’ll start becoming a business leader.
We’ll expose you to case studies of MIT startup companies and interviews of their founders. So you’ll learn the vital business skills of:
- Designing a business model;
- Pricing your product;
- Building a sales process;
- Measuring your cost of customer acquisition;
- Estimating the lifetime value of your customer.
Entrepreneurship 103 should be of particular interest to you if you are:
- Creating a business-to-business (B2B) product or service;
- Building a multi-sided marketplace;
- Entering a competitive market.
This course is particularly useful for:
- Corporate entrepreneurs developing new businesses;
- Scientists and engineers commercializing new technologies;
- Creators of complex solutions that necessitate design trade-offs;
- Educators, who teach and coach entrepreneurs;
- Policymakers dedicated to strengthening innovation ecosystems
If you can, take Entrepreneurship 103 as a team, for the course will give you a common framework to make decisions, laying the foundation for your long-term success.
Give you best to this course. In return, you will gain the confidence that you can go from your first sale to a profitable business. And that’s priceless.
This course is a pre-requisite to an attend an MIT Bootcamp.
Upcoming start dates
Suitability - Who should attend?
Prerequisites
Recommended:
- Entrepreneurship 101: Who is your customer?
- Entrepreneurship 102: What can you do for your customer?
Outcome / Qualification etc.
What you'll learn
- Understand the Decision-Making Unit
- Navigate the Decision-Making Process
- Develop a Pricing Framework
- Map the Sales Process
- Choose or Design a Business Model
- Measure the Cost of Customer Acquisition
- Estimate the Lifetime Value of Your Customer
Course delivery details
This course is offered through Massachusetts Institute of Technology, a partner institute of EdX.
2-4 hours per week
Expenses
- Verified Track -$49
- Audit Track - Free