Module 5 Overview, Objectives, and Outcomes-2

Overview - Chapters 10-12

Included in Module 5 is a focus on planning processes for entrepreneurs, anticipating failure, and learning through that process, and beginning to think about how to secure funding for your business through bootstrapping (using your own financial resources), and exploring crowdfunding as a potential source of funds.

Learning Objectives - Chapters 10-12

Successful completion of Module 5 will enable you to:

10.1 Examine “planning” from an entrepreneurial perspective.

10.2 Explain vision as an important part of planning.

10.3 Explain the different types of plans used by entrepreneurs.

10.4 Describe the questions to ask during planning.

10.5 Debate the value of writing business plans.

10.6 Implement the tips for writing business plans.

11.1 Describe failure and its effect on entrepreneurs.

11.2 Identify several reasons for failure.

11.3 Describe the consequences of fear of failure for entrepreneurs.

11.4 Explain the different ways entrepreneurs can learn from failure.

11.5 Describe the significance of “grit” and its role in building tolerance for failure.

12.1 Define bootstrapping and illustrate how it applies to entrepreneurs.

12.2 Identify common bootstrapping strategies used by entrepreneurs.

12.3 Explain the difference between crowd sourcing and crowdfunding.

12.4 Describe the effects of crowdfunding on entrepreneurship.

12.5 Define the four contexts for crowdfunding.

12.6 Describe 10 ways in which entrepreneurs can conduct a successful crowdfunding campaign.

The Module 2 learning objectives are aligned with the following course outcomes:

3, 4, 7, and 9