About this Course
4.5
2 ratings
Specialization
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100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 29 hours to complete

Suggested: 7 weeks of study, 2-4 hours/week...
Available languages

English

Subtitles: English...
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 29 hours to complete

Suggested: 7 weeks of study, 2-4 hours/week...
Available languages

English

Subtitles: English...

Syllabus - What you will learn from this course

Week
1
Hours to complete
4 hours to complete

Gearing Up Mindset: Strategy Focus

This module initiates a series of steps to prepare you for actually starting your business in the capstone experience of this course. The first step is to ready your mindset. To prepare yourself to take on a specific state of mind which will orientate your business startup activities in a way that will maximize its chances for success. We suggest this preparation take place in two parts: a focus on strategy, and a focus on resources. This module guides your focus on strategy. At the end of this module you will have a formalized and finalized vision, mission, objectives and goals, and a detailed documentation of these factors in a strategy statement....
Reading
5 videos (Total 32 min), 9 readings, 4 quizzes
Video5 videos
Revisiting Strategy7m
Directing Vision6m
Mission Remarkable5m
Gearing Up To Score9m
Reading9 readings
Five Steps to a Strategic Plan3m
What is a Vision Statement?5m
Sample Vision Statements3m
Review What Is Strategy?7m
Invest in Your Success4m
Why Small Businesses Should Scrap Strategic Planning4m
What is a Mission Statement?6m
Understanding Goals10m
Why are Goals and Objectives Important?4m
Quiz3 practice exercises
Understanding What It Will Take To Launch6m
Review of Key Strategy Concepts14m
Understanding a Strategy Statement12m
Week
2
Hours to complete
4 hours to complete

Gearing Up Mindset: Resource Focus

This module continues the series of steps to prepare you for actually starting your business in the capstone experience of this course. Helping to complete the first step to ready your business for launch, 'to ready your mindset', this module guides your focus on resources. At the end of this module you will have formalized and finalized a resource inventory. This document details all resources at your immediate disposal or within your reach that can be dedicated towards your business....
Reading
5 videos (Total 43 min), 4 readings, 3 quizzes
Video5 videos
Effect Your Logic9m
What's Your Stake - Part 29m
What's Your Stake - Part 38m
What's Your Stake - Part 46m
Reading4 readings
Are Entrepreneurs Born or Made?7m
Summary: The Myth of the Idea10m
The Value of Social Capital in Starting a Business10m
4 Reasons Social Capital Trumps All5m
Quiz2 practice exercises
Keys to Starting Upside Down6m
Capital Options10m
Week
3
Hours to complete
4 hours to complete

Gearing Up Business: Funding Focus

This module continues the series of steps to prepare you for actually starting your business in the capstone experience of this course. This module is step two in that series. Having completed the first step, 'to ready your mindset', this module guides you in gearing up you business so that it is capable of creating and delivering value at launch. This required capability is threefold: finding funding to augment available resources; finalizing business model detailing execution strategy, and finalizing the operational tasks necessary to insure the business's product or service can actually be produced and delivered. This module deals with the first of these requirements. At the end of this module you will have a greater understanding of non-traditional funding sources to augment the traditional ones, putting you in the best position possible to find any additional funding you may need to launch your business....
Reading
3 videos (Total 26 min), 9 readings, 4 quizzes
Video3 videos
Who Can Stake You - Part Two?7m
Who Can Stake You - Part Three12m
Reading9 readings
35 Great Ways to Fund A Small Business7m
Find Financing, Even If You Don't Fit a 'Type'5m
Startup Business Loans3m
5 Things You Should Know About Revenue-Based Financing5m
The Basics of Crowdfunding5m
How to Finance a Business With Your 401K5m
The Search Fund Model5m
10 Tips For Bootstrapping Your Startup5m
Bootstrapping A Lean Startup10m
Quiz3 practice exercises
Money Milestones10m
Who Can You Ask?8m
Which 'Boots' Fund Best?4m
Week
4
Hours to complete
2 hours to complete

Gearing Up Business: Design Focus

This module continues step two of the five steps to prepare you for actually starting your business in the capstone experience of this course. Step two is gearing up business. The focus of step two is insuring that your business is capable of creating and delivering its product or service at launch. As stated earlier this required capability is threefold: finding funding to augment available resources; finalizing business model detailing execution strategy, and finalizing the operational tasks necessary to insure the business's product or service can actually be produced and delivered. This module focuses on the second of these requirements. At the end of this module you will have a a business model adjusted to fit available resources that will guide your actions in starting your business....
Reading
3 videos (Total 29 min), 6 readings, 2 quizzes
Video3 videos
Designing For Breakthrough9m
Type Cast Your Business9m
Reading6 readings
Business Models Business Strategy10m
Reinventing Business Models Through Risk Management7m
How to Identify Your Riskiest Business Model5m
Blue Ocean Strategy: Creating Your Own Market5m
Value Innovation - The Key to Blue Ocean Strategy7m
Four types of market (market maturity): Where does your startup’s product belong?10m
Quiz2 practice exercises
What Makes Your Business Model Work?8m
Knowing Your Market10m

Instructors

Avatar

Ken Szymusiak

Managing Director, Burgess Institute for Entrepreneurship & Innovation
Broad College of Business
Avatar

Forrest S. Carter

Associate Professor, Faculty Director of Institute of Entrepreneurship and Innovation
Marketing

About Michigan State University

Michigan State University has been advancing the common good with uncommon will for more than 150 years. One of the top research universities in the world, MSU pushes the boundaries of discovery and forges enduring partnerships to solve the most pressing global challenges while providing life-changing opportunities to a diverse and inclusive academic community through more than 200 programs of study in 17 degree-granting colleges....

About the How to Start Your Own Business Specialization

This specialization is a guide to creating your own business. We will cover a progression of topics necessary for successful business creation including: mindset, ideation, planning, action and strategy. Rather than just describing what to do, the focus will be on guiding you through the process of actualy doing it. The Capstone course will bring all of the tools and lessons discussed together for you to launch your business. It may not be the business of your dreams, but it will be a functional business giving you the execution capability to start something you are passionate about....
How to Start Your Own Business

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.