My favorite class this semester is Entrepreneurship. The instructor has started and sold several companies and teaches because he enjoys it and not as a career. He has taught many things that are different than what business schools teach; He turned my concept of risk reward on its head; He has shown that starting a business does not necessary need large amounts of capital, and he has shown that with a little imagination and hard work you can make a lot of money.
Three weeks ago he announced an assignment that was not on the syllabus. We formed groups and were going to need to create a product. Then we would need to spend 3 hours selling it. He gave each group $100 seed money in an envelope. If we chose to open the envelope we were agreeing to accept him as a 30% partner and were required to split profits with him. (He tries to teach us to avoid partnerships) The school paper featured our groups efforts http://www.dailyutahchronicle.com/news/campus/business-students-learn-by-doing/
For the Class we reported gross sales, our group had $400 the entire class was able to generate just over $2,000 in sales and only one group used the seed money from the instructor. I wish that more college classes were like this one.
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