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Crookston Campus

Entrepreneurship B. S.

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Academic Affairs
  • Program Type: Baccalaureate
  • Requirements for this program are current for Spring 2018
  • Required credits to graduate with this degree: 120
  • Required credits within the major: 52
  • This program requires summer terms.
  • Degree: Bachelor of Science
The Entrepreneurship major prepares students by developing skills and behaviors related to recognition of ideas and potential ventures, feasibility evaluation, assembling resources, and launching of new ventures. Students will learn a broad range of competencies, including opportunity recognition, applied creativity, small business finance, and business plan and strategy development. Students are exposed to a variety of real-world applications through course embedded projects and field study opportunities. An entrepreneurship major not only prepares students to launch and grow their own business, but equips them with highly transferable skills important to any organizational context, particularly in small and medium-sized enterprises. Graduates of this program will demonstrate: -Capability and initiative to identify entrepreneurial opportunity, assess and evaluate risk, and plan for small business ventures -Leadership and entrepreneurial competencies required to conceptualize, plan, finance, resource, manage, and grow small businesses -Skills of creativity in relation to organizational challenges and business opportunities -Effective oral and written communication skills in various mediums and organizational contexts -Effective evaluation skills in determining appropriate resources and necessary courses of action -Ability to work effectively with people of different backgrounds and personal priorities toward the accomplishment of goals
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
  • completely online (all program coursework can be completed online)
  • primarily online (at least 80% of the instruction for the program is online with short, intensive periods of face-to-face coursework)
  • partially online (between 50% to 80% of instruction is online)
Admission Requirements
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
General Requirements
All students are required to complete general University and college requirements. For more information, see the graduation requirements.
Program Requirements
A minimum of 40 upper division credits are required to graduate.
Program Requirements
A maximum of two D grades are allowed for core courses required in the program and technology requirements. This includes grades earned at UMC or transferred in from another institution. Program Requirements - 52 credits
ACCT 3220 - Accounting Systems (3.0 cr)
COMM 3008 - Business Writing (3.0 cr)
ENTR 2200 - Introduction to Entrepreneurship and Small Business (3.0 cr)
ENTR 3150 - Entrepreneurial Marketing (3.0 cr)
ENTR 3400 - Entrepreneurial and Small Business Finance (3.0 cr)
ENTR 4200 - Field Studies in Entrepreneurship and Small Business (3.0 cr)
ENTR 4800 - Entrepreneurship and Small Business Strategies (3.0 cr)
GBUS 1005 - Orientation to Online Learning (1.0 cr)
GBUS 3117 - Business Law (3.0 cr)
GBUS 3500 - Business Ethics (3.0 cr)
ITM 3020 - Introduction to Management Information Systems (3.0 cr)
MGMT 3200 - Principles of Management (3.0 cr)
MGMT 3900 - Internship (1.0-3.0 cr)
MKTG 3300 - Principles of Marketing (3.0 cr)
ACCT 2010 - Financial Accounting (3.0 cr)
or ACCT 2101 - Principles of Accounting I (3.0 cr)
ACCT 2102 - Principles of Accounting II (3.0 cr)
or ACCT 3010 - Managerial Accounting (3.0 cr)
or AGEC 2310 - Agribusiness Financial Records (3.0 cr)
AGEC 4760 - Business Plan Development for Agribusiness (3.0 cr)
or ENTR 3200 - Business Planning (3.0 cr)
AGEC 2530 - Professional Agriselling (3.0 cr)
or MKTG 2200 - Personal Selling (3.0 cr)
Liberal Education Requirements
A minimum of 40 liberal education credits are required. Students must complete the 10 goal areas of the Minnesota Transfer Curriculum with the following specific liberal education courses required:
COMP 1011 - Composition I [COMMUNICAT] (3.0 cr)
COMP 1013 - Composition II [COMMUNICAT] (3.0 cr)
ECON 2101 - Microeconomics [HI/BEH/SSC] (3.0 cr)
ECON 2102 - Macroeconomics [HI/BEH/SSC] (3.0 cr)
MATH 1031 - College Algebra [MATH THINK] (3.0 cr)
MATH 1150 - Elementary Statistics [MATH THINK] (3.0 cr)
PSY 1001 - General Psychology [HI/BEH/SSC] (3.0 cr)
SPCH 1101 - Public Speaking [COMMUNICAT] (3.0 cr)
Technology Requirements
Technology Requirements - 3 credits
CA 1020 - Spreadsheet Applications (3.0 cr)
Open Electives
Students must take enough open electives credits to meet the 120 credit graduation requirement. The number of credits needed depends on liberal education course selections.
Program Sub-plans
A sub-plan is not required for this program.
Online
The Entrepreneurship BS Online has the same curriculum as the on-campus Entrepreneurship BS program.
 
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ACCT 3220 - Accounting Systems
Credits: 3.0 [max 3.0]
Typically offered: Fall Even Year
Theory and methodology of analyzing, designing, and implementing accounting information systems. Emphasizes integrated data processing and managerial aspects of systems design and learning Quickbooks Accounting Software. prereq: 2010 or 2101
COMM 3008 - Business Writing
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Practical application of writing effective business letters, memos, e-mails, faxes. Tables, other graphics. Informal/formal informational/analytical reports. Professional oral/Web presentations. Development of personal writing style. Practice of appropriate business tone, etiquette. prereq: Comp 1013, Spch 1101
ENTR 2200 - Introduction to Entrepreneurship and Small Business
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Entrepreneurship/economy. Traits/skills of entrepreneurs, opportunities in entrepreneurship, legal forms of business establishment, self-analysis/fitness for entrepreneurship.
ENTR 3150 - Entrepreneurial Marketing
Credits: 3.0 [max 3.0]
Typically offered: Fall Even Year
Marketing strategies/tactics in start-up/small venture settings. Development of resource-constrained market plans. prereq: 2200, MKTG 3300
ENTR 3400 - Entrepreneurial and Small Business Finance
Credits: 3.0 [max 3.0]
Typically offered: Spring Odd Year
Start-up/expansion financing alternatives, requirements for economic development groups. SBA loan guarantees, venture capitalists, small business valuation techniques, financial management practices. prereq: 2200, ACCT 2101, [ACCT 2102 or instructor consent]
ENTR 4200 - Field Studies in Entrepreneurship and Small Business
Credits: 3.0 [max 3.0]
Typically offered: Fall Odd Year
Consult with local small business or entrepreneurs to solve problems or capitalize on new opportunities. Guest speakers provide insight on philosophies/practices. prereq: 3200, 3400
ENTR 4800 - Entrepreneurship and Small Business Strategies
Credits: 3.0 [max 3.0]
Course Equivalencies: 01810 - ENTR4800/MGMT4800
Typically offered: Every Spring
Capstone course. Prepare/present comprehensive business plan for entrepreneurial venture, including comprehensive financials, marketing plan, business formation/management plan, growth strategy. prereq: 3200, 3400
GBUS 1005 - Orientation to Online Learning
Credits: 1.0 [max 1.0]
Typically offered: Every Fall, Spring & Summer
Introduction to UMC policies, e-mail, virtual private network, online library resources, writing scholarly reports, APA referencing, netiquette, networking in online environment, group work in online environment.
GBUS 3117 - Business Law
Credits: 3.0 [max 3.0]
Prerequisites: 3107
Typically offered: Spring Even Year
Negotiable instruments, bank deposits/collection, bankruptcy, suretyship, partnerships, corporations, federal securities law, accountant's legal liability, property, insurance, trust, estates. prereq: 3107
GBUS 3500 - Business Ethics
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Ethics as compelling responsibility of today's business organizations. Moral principles/models for ethical decision making. Challenges of ethical business practices. prereq: Mgmt 3200 and Mktg 3300 or instructor consent
ITM 3020 - Introduction to Management Information Systems
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Theoretical background/hands-on experience with "software as service" applications. Traditional individual/company hosted software.
MGMT 3200 - Principles of Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Terminology, theories, concepts, and skills of managing. Basic functions of managing including, planning, organizing, leading, and controlling. Additional topics include decision making, business ethics, and social responsibility. prereq: Psy 1001 or instructor consent
MGMT 3900 - Internship
Credits: 1.0 -3.0 [max 6.0]
Typically offered: Every Fall, Spring & Summer
Employed as interns in business firms, institution or agency. Reports/consultations with faculty/employers required.
MKTG 3300 - Principles of Marketing
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Introduction to marketing/strategic marketing process. Team development of marketing plan that implements product, pricing, distribution, promotional strategies. prereq: [Econ 2101 or 2102], [Psy 1001 or instructor consent]
ACCT 2010 - Financial Accounting
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Introduction to financial accounting for US organizations, reading/understanding financial statements.
ACCT 2101 - Principles of Accounting I
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Concepts of accounting cycle, cash, accounts receivable, inventories, plant assets, payroll. prereq: Math 1031
ACCT 2102 - Principles of Accounting II
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Modern accounting concepts. Cash flow statement. Analysis of financial statements. Management accounting topics, including cost-volume-profit analysis, and costing methods. prereq: 2101
ACCT 3010 - Managerial Accounting
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Costing techniques, including activity based costing, applying costing methods to determine costs of products, services, production processes. Use of costs in operating/strategic decisions. prereq: 2010 or 2101
AGEC 2310 - Agribusiness Financial Records
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Applied course in record keeping. Use of computerized system to record business transactions; manage agricultural inventories, receivables, payables, and payroll; and generate coordinated financial statements.
AGEC 4760 - Business Plan Development for Agribusiness
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Capstone. Application of economic, marketing, and business principles to critically evaluate a business opportunity. Identify and assess an agribusiness opportunity. Critically evaluate the potential for the business to be successful. Students develop a comprehensive business plan. prereq: 3540, 4740, MKTG 3300
ENTR 3200 - Business Planning
Credits: 3.0 [max 3.0]
Course Equivalencies: 00892 - AGEC 4760/ENTR 3200
Prerequisites: 2200, ACCT 2101
Typically offered: Fall Odd Year
Business start-up/development phase. Planning related to opportunity recognition, product development, marketing, financing. Students research/write basic business plan. prereq: 2200, ACCT 2101
AGEC 2530 - Professional Agriselling
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Use of technical and agricultural knowledge in agricultural sales. Need-satisfaction approach to selling. Planning and conducting informational meetings, exhibiting at farm and trade shows, importance of service and timeliness in agribusiness, and practice in making agrisales presentations.
MKTG 2200 - Personal Selling
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Introduction to selling principles/processes. B2B vs B2C selling. Persuasive communication. Selling vs. buying. Time management. Emphasizes developing long-term buying/selling relationships.
COMP 1011 - Composition I (COMMUNICAT)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Process of clear, concrete, and convincing writing. Generation and discovery of subjects, revisions, editing.
COMP 1013 - Composition II (COMMUNICAT)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Writing a research paper/s. Formulating/answering a research question. Developing an organizational/argument strategy for topic/audience. Supporting research question/argument with scholarly sources. prereq: 1011
ECON 2101 - Microeconomics (HI/BEH/SSC)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Basic economic principles of pricing, resource allocation, consumption. Supply/demand, cost of production, consumer behavior. Competition/influences of market structure. prereq: Math 0991 or 2 yrs high school algebra or equiv
ECON 2102 - Macroeconomics (HI/BEH/SSC)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Big picture of economy. Determinants of national income, national income accounting, unemployment, inflation, economic growth. Classical, Keynesian, recent theoretical approaches to modifying economic activity. Monetary/fiscal policies. International economic relations.
MATH 1031 - College Algebra (MATH THINK)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Basic algebraic operations, linear/quadratic equations/inequalities, variation. Functions/graphs. Theory of equations. Exponential/logarithmic functions. Systems of equations. Mathmatical modeling/applications. prereq: 0991 or ACT math score of 20 or higher
MATH 1150 - Elementary Statistics (MATH THINK)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Descriptive statistics, elementary probability, normal distribution, binomial distribution, confidence intervals, tests of hypotheses, correlation, regression, chi-square, ANOVA. prereq: 0991 or ACT math score of 20 or higher
PSY 1001 - General Psychology (HI/BEH/SSC)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Overview of psychology as scientific study of human/animal behavior. Emphasizes goals of psychology: to describe, understand, predict, and control behavior. Biological, cognitive, affective, and social perspectives.
SPCH 1101 - Public Speaking (COMMUNICAT)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Topic selection, research, organization, rehearsal, and extemporaneous delivery of informative and persuasive speeches.
CA 1020 - Spreadsheet Applications
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Personal/presentation use of spreadsheets that include formulas, functions, what-if analysis, and charts. Focuses on applying spreadsheet applications to individual academic disciplines.