Starting a new business begins with an idea that needs to evolve through experimentation, iteration and interactions with people. This course is for existing and potential entrepreneurs who are looking for guidance and support to make their ‘great idea’ a reality. In addition to reviewing the basic principles of entrepreneurship, this course guides you through the process of actively validating your idea in the market. We encourage you to identify and communicate good opportunities and to create and capture value from these opportunities. By working through the course and completing the activities you’ll learn how to get feedback that systematically tests different parts of your business idea. You will learn how to do this through interacting with potential customers, suppliers, partners and investors outside the course. Along the way, you will also become more confident in pitching your idea. By the end of the course you should have a validated business idea that you can start right away.
In this module, you will explore entrepreneurship as an iterative process of creating value, testing ideas, and learning through feedback. You will examine common myths about entrepreneurs and be introduced to two key tools: the lean method and the Business Model Canvas. These concepts will help you begin shaping and testing your own business idea.
What's included
2 videos4 readings1 assignment
Show info about module content
2 videos•Total 6 minutes
Introduction to the Course and Entrepreneurship•2 minutes
How will your business idea evolve? The Lean Startup Method•4 minutes
4 readings•Total 45 minutes
About this course•10 minutes
Introduction to Entrepreneurship•15 minutes
Activity: The Lean Startup Method and Business Model Canvas•10 minutes
Mentors, who needs them?•10 minutes
1 assignment•Total 45 minutes
Apply the Business Model Canvas to Your Startup Idea•45 minutes
How is your idea valuable?
Module 2•1 hour to complete
Module details
This week, you'll learn to articulate and test your value proposition by drawing on three concepts: the strategy canvas, persona, and minimum viable product (MVP). The strategy canvas emphasizes the uniqueness of your value proposition. The 'persona' represents who you think your typical customer is, which is useful for identifying real customers. The MVP is a simple prototype, which is a key tool to get feedback from potential customers about the value you are providing them.
What's included
1 video4 readings
Show info about module content
1 video•Total 5 minutes
How is your idea valuable?•5 minutes
4 readings•Total 40 minutes
Strategy Canvas: Mapping how you are different•10 minutes
Creating your first Persona and Customer Journey Map•10 minutes
Building a Minimum Viable Product (MVP)•10 minutes
Measuring and Learning from your MVP•10 minutes
How will you reach more customers?
Module 3•2 hours to complete
Module details
In this module, you will learn how startups grow beyond their first customers by identifying early adopters, targeting new niches, and exploring the role of partners in scaling a business. You will examine how customer segments differ, why many ventures struggle to cross into the mainstream market, and how partnerships can help accelerate growth. You will also consider what makes a partnership valuable and sustainable.
What's included
1 video2 readings1 assignment
Show info about module content
1 video•Total 3 minutes
How will you reach more customers?•3 minutes
2 readings•Total 20 minutes
Growing your business: Segmenting and targeting your niches•10 minutes
Partners and resources•10 minutes
1 assignment•Total 45 minutes
Midpoint Assignment: Business Model Canvas Review•45 minutes
How profitable is your idea?
Module 4•1 hour to complete
Module details
This module introduces the financial side of your business model. You will learn how to build an income statement, develop simple financial forecasts, and use key metrics to assess whether your idea could become a viable business. The focus is not on perfect prediction, but on using numbers to question assumptions, evaluate profitability, and support better business decisions.
What's included
1 video3 readings
Show info about module content
1 video•Total 3 minutes
How profitable is your idea?•3 minutes
3 readings•Total 35 minutes
Income Statements•15 minutes
Forecasts and models•10 minutes
Metrics•10 minutes
Is investment capital right for you?
Module 5•1 hour to complete
Module details
This module introduces the basics of financing startup growth. You will learn how entrepreneurs use bootstrapping, debt, and equity financing to support growth, how capitalization tables show ownership and dilution over time, and how investors think about value, risk, and return when deciding whether to invest.
What's included
1 video2 readings
Show info about module content
1 video•Total 4 minutes
Is investment capital right for you?•4 minutes
2 readings•Total 40 minutes
How will you finance your startup's growth?•20 minutes
Valuations•20 minutes
How will you pitch your idea?
Module 6•2 hours to complete
Module details
This module brings together the evidence you have collected throughout the course to help you develop a clear and convincing business pitch. You will learn how to tailor your pitch to different audiences and contexts, structure a coherent story around traction, viability, realism, and the ask, and strengthen your delivery through practice and feedback.
What's included
2 videos5 readings1 assignment
Show info about module content
2 videos•Total 9 minutes
How will you pitch your idea?•3 minutes
Watch UNSW students pitch 'crumplemap'•6 minutes
5 readings•Total 75 minutes
Pitch structure: What key ingredients do you need?•15 minutes
Activity: Example pitch decks - Learning from the greats (& not so greats)•10 minutes
Contextualising and delivering your pitch•10 minutes
Activity: Example pitches - Learning from the greats (& not so greats)•30 minutes
Activity: Developing your pitch•10 minutes
1 assignment•Total 60 minutes
Final Assignment: Review and Reflect on Your Business Pitch•60 minutes
Instructors
Instructor ratings
Instructor ratings
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
UNSW Sydney, based in Sydney Australia, was established in 1949 and is one of Australia’s leading research and teaching universities with more than 50,000 students from over 120 countries. UNSW Sydney aspires to provide students with an outstanding educational experience, which both reflects our strong traditions of excellence, innovation and social justice, and builds on our strengths in scientific, technological and professional disciplines.
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Learner since 2021
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Learner reviews
4.1
150 reviews
5 stars
58.94%
4 stars
18.54%
3 stars
9.93%
2 stars
3.97%
1 star
8.60%
Showing 3 of 150
A
AA
5·
Reviewed on May 5, 2020
very good and interesting communication and illustration to be an entrepreneur
S
ST
5·
Reviewed on Jan 2, 2020
This course has completely changed the way I think about business. It has made me realize the value of most of the business ideas I have. I cannot wait to finish validating all of them.
M
MA
5·
Reviewed on May 8, 2020
Very direct and useful core units about how to grow your ideas to reality. thank you.
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Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.