Students earn first-time awarded College of Business Certificate in Entrepreneurship

July 23, 2018

Entrepreneurship is more than making business plans鈥攊t鈥檚 innovative thinking, creative strategy and more. To reflect the educational needs in this ever-changing process, the College of Business offers a certificate program and a new minor.

4 Entrepreneurship certificate - first graduates
Entrepreneurship certificate - first graduates

Scott Fritz is used to going the distance. The running enthusiast, veteran and information technology professional said he鈥檚 always pushed himself.

But he credits an innovative College of Business (COB) course for giving his latest venture a nudge.

Frtiz, a biology major, took an entrepreneurship course鈥擡NT 400: Entrepreneurial Thinking and Behavior鈥攁s an elective. That course led him to enroll in the university鈥檚 Certificate in Entrepreneurship program, which gave him the knowledge and confidence he needed to turn a dream he had into reality.

鈥淚 had never taken a business class before. I am a science guy. But the course looked interesting, and I knew I had a business idea in the back of my head鈥攕tarting a race management company鈥攖hat I didn鈥檛 really know what to do with,鈥 said Fritz, a senior who is active in the racing community. 鈥淛ust like running, I learned that being successful is about the proper training and a goal: Getting a personal best. I knew I had the determination, but this certificate gave me what I needed to properly focus my drive.鈥

Fritz is among the first group of students to earn the new certificate this summer.

Tim Davis, iLabs director, said COB saw student demand for a expansive entrepreneurial program after revamping ENT 400 a few years ago. Working with industry and seeing that entrepreneurial thinking is beneficial to all workplaces鈥攏ot just the ones you start鈥擠avis led a course redesign that grew to an expansion educational offerings. The certificate builds off of that redesign. The college also will offer an entrepreneurship minor, beginning this fall. The 15-credit minor, interdisciplinary in elective course selection options, includes a capstone course.

鈥淭he meaning of entrepreneurship has shifted鈥攊t benefits people in all fields. Instead of having a business plan focus, it鈥檚 about finding opportunities for change and creating solutions. It鈥檚 about running into a setback and thinking agile enough to see this as a time to come up with a new plan. This is applicable no matter where you work,鈥 said Davis, who teaches the ENT 400 course. 鈥淢ore and more, entrepreneurial thinking is a preferred skill listed when employers post positions.鈥

Davis said the nine-credit Certificate of Entrepreneurship is open for both enrolled and guest students. The three courses in the program teach students about market assessment, business planning, effective communication, staffing, financial planning, operations management and more.

鈥淚t鈥檚 also about converting and capturing value. How can you create value using a problem that needs solved? And while we do love to make money, value isn鈥檛 always tied to that. It can be social responsibility too,鈥 Davis said. 鈥淭hese courses let students know that there is not a single right way to get started. It鈥檚 about being innovative and making smart choices that are right for you, the organization and the end user. Simply drafting a business plan is an old thought process; iteration is how we create great products.鈥

Fritz said this advice prompted him to pursue his passion for running and working in the runner community.

鈥淏efore this, I thought I had to go all-in and choose between my IT career, which I really enjoy, and this dream I had. Professor Davis and the certificate classes showed me that I can do both,鈥 he said. 鈥淚 don鈥檛 need to choose. I can have a career and a hobby business that grows as demand and time allow.鈥

Frtiz鈥 business, Mitten Race Management, is under development and will launch in the spring.

鈥淭he running community is so positive and uplifting, and I wanted to become involved in a deeper way. This business will allow me to do that, and my courses have showed me how I can balance this passion in a way that doesn鈥檛 take away from my other responsibilities,鈥 he said. 鈥淚t has pushed me mentally and physically at times. But, like running, it feels good.鈥