ENTREPRENEURSHIP OPPORTUNITIES
Fitzgerald Institute for Entrepreneurial
Studies Career Paths
The entrepreneurship program
at The University of Akron gives all university students the ability
to specialize in any entrepreneurial area
Starting a Business
The program provides students with the skills
and resources necessary to actually create their own business during
or after their course work. A wide variety of startups have been
created in the entrepreneurship program in numerous industries (e.g.,
Internet, computers, consulting, music, technology, real estate,
landscaping, beauty salons, restaurant, insurance).
Buying a Business
Students have the opportuntity to focus on the
process of actually acquiring a small business. Through case studies,
guest speakers, advisory board members, and professors who have
experience in acquisitions, students learn about valuation techniques,
negotiation strategies, structuring deals…financing, and
exit strategies.
Franchising
Franchising is one of the hottest forms of business
today. The University of Akron ’s Entrepreneurship Program
has an expert on its faculty who has been through the acquisition
process. Students study the dynamics related to the acquisition
of a franchise or franchising an existing business, and will review
the steps that a person has to go through to purchase a franchise
(e.g., McDonald’s, Wendy’s, Taco Bell, Domino’s
Pizza, etc.).
Family Business
Through case studies, guest speakers, field trips, and the Institute’s advisory board, students learn about the dynamics of family businesses. Some of the areas covered include: financing, culture, ethics, exit strategies, growth, conflict resolution, and succession planning.
Growing an Existing Venture
Students working for an existing business or
students who own their own business may choose this option. Every
semester a handful of students enter the program with existing businesses.
These individuals focus their efforts primarily on the growth of
their existing business, which may include purchasing other businesses.
Corporate Entrepreneurship
Students gain the ability to understand the
culture, reward system, entrepreneurial thinking, structure, and
people that are needed to implement entrepreneurship effectively
within a corporate environment.
Working for an Entrepreneurial Company
Eighty percent of all new jobs are created by
small fast growth companies. The program gives students the ability
to understand how to work in a small, fast growth entrepreneurial
company.
Working for a Non-Profit Enterprise
This option gives students the opportunity to study and work for non-profit organizations.
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