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Crookston Campus

Entrepreneurship Minor

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Academic Affairs
  • Program Type: Undergraduate free-standing minor
  • Requirements for this program are current for Spring 2018
  • Required credits in this minor: 21 to 22
The minor in entrepreneurship provides students with unique opportunities to enhance their career options, regardless of their major program of study. The entrepreneurship minor helps students understand and apply the basics of business formation, value creation, customer discovery, business model generation, and resource acquisition. The program consists of seven courses, many of which are required in other majors. Program Outcomes: *understand and apply core entrepreneurial concepts *demonstrate effective evaluation skills in determining resource needs *demonstrate effective oral and written communication skills in various mediums for the purpose of explaining business opportunities and needs
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)
Minor Requirements
Minor Requirements
Required Courses - 21 credits
ECON 2101 - Microeconomics [HI/BEH/SSC] (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)
ACCT 2010 - Financial Accounting (3.0 cr)
or ACCT 2101 - Principles of Accounting I (3.0 cr)
AGEC 4760 - Business Plan Development for Agribusiness (3.0 cr)
or ENTR 3200 - Business Planning (3.0 cr)
Program Sub-plans
A sub-plan is not required for this program.
Entrepreneurship Minor (Online)
The minor in entrepreneurship online provides students with unique opportunities to enhance their career options, regardless of their major program of study. The entrepreneurship minor online helps students understand and apply the basics of business formation, value creation, customer discovery, business model generation, and resource acquisition. The program consists of seven courses, many of which are required in other majors, required for completion of the entrepreneurship minor online. Program Outcomes: *understand and apply core entrepreneurial concepts *demonstrate effective evaluation skills in determining resource needs *demonstrate effective communication skills in various mediums for the purpose of explaining business opportunities and needs One additional course is required for the entrepreneurship minor online (GBus 1005); otherwise, the curriculum is the same as the classroom delivered entrepreneurship minor.
Technology Requirement
GBUS 1005 - Orientation to Online Learning (1.0 cr)
 
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· Entrepreneurship Minor (Classroom)
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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
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
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
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
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.