Entrepreneurship Education

Institute for Entrepreneurship

 About

We believe that successful entrepreneurs must facilitate the transformation of our nation's next generation of emerging entrepreneurs. The founders of the Institute for Entrepreneurship are revolutionizing entrepreneurship, education, and business.

The Institute for Entrepreneurship helps bridge the gap between a great business idea and successfully operating in the business world.

The Advantage of Our Entrepreneurial Program

We provide a program that prepares students to be entrepreneurs and provides the necessary tools and skills to start and manage their own businesses.

Most business schools instruct students in theory and prepare graduates for on-the-job-training at existing companies. While there are some schools that teach students about what is needed to start a business, little or no help is offered to assist the student in actually starting a real business upon graduation.

Our Real World Approach

The approach of The Institute for Entrepreneurship is dependant upon millions of successful entrepreneurs throughout the world.

The Institute for Entrepreneurship is fueled by the notion that it is important for seasoned entrepreneurs to give back, not only to would-be entrepreneurs in the form of mentoring, but also to society.

The spark is provided by the Institute's founder - Copyright© 2007, Peter J. Burns. For more on this visionary, a serial entrepreneur, his entire life, read about our principal founder.

 Curriculum

Our Unique Entrepreneurial Curriculum

When your college or university partners with the Institute for Entrepreneurship, we deliver a proven educational system taught by successful entrepreneurial professionals while also supporting your students with exceptional resources.

Our program is unlike any other curriculum. With our network of diverse entrepreneurial communities, we not only deliver the courses, and the professors, we also help fill the desks for you.

"The Age of the Entrepreneur"

ENT 100 - 3 Credits

This course teaches students to recognize the unique opportunities and challenges faced by entrepreneurs in today's dynamic business environment and combine essential business and interpersonal skills for a successful career as an entrepreneur. Both the structure and dynamics underpinning today's entrepreneurial economy will be examined. Major topics areas will include the role of small business in the economy, how start-up firms compete for competitive advantage, and the 'mind-set' required to be a successful business owner. The course will underscore the importance of having a strong sense of personal values, and a healthy tolerance for risk taking.

Positioning Your Business: Public Relations and Networking Skills

ENT 250 - 3 Credits

This course is designed to build effective communication and networking skills so that students can leverage contacts and relationships to create business opportunities. The importance of building a professional and trustworthy business reputation is also addressed.

Face-to-Face: Sales and Negotiation Skills

ENT 350 - 3 Credits

This course builds the skills and techniques required for successful negotiations with suppliers, buyers, contractors, employees, financial institutions, etc. The strategies and tactics required to negotiate win-win agreements even from a position of lesser power are covered. A negotiations simulation will provide an experiential learning opportunity for students.

The Entrepreneurship Experience

ENT 351 - 3 Credits

This course is designed to enable students to recognize the unique opportunities and challenges faced by entrepreneurs in today's dynamic business environment and combine essential business and interpersonal skills for a successful career as an entrepreneur.

Business Management for Entrepreneurs

ENT 352 - 3 Credits

This course provides student teams with the opportunity to compete in a simulation exercise that exposes them to the day-to day challenges owners/managers face in a start-up environment. Decision-making skills and the ability to operate under conditions of uncertainty will be honed. Students will analyze and interpret dynamic economic, financial, and market factors in order to make sound business decisions using a technology-based business simulation exercise.

Legal Toolkit for Entrepreneurs

ENT 353 - 3 Credits

This course provides student teams with the opportunity to compete in a simulation exercise that exposes them to the day-to day challenges owners/managers face in a start-up environment. Decision-making skills and the ability to operate under conditions of uncertainty will be honed. Students will analyze and interpret dynamic economic, financial, and market factors in order to make sound business decisions using a technology-based business simulation exercise.

Venture Capital & the Entrepreneur Economy

ENT 354 - 3 Credits

This course examines the growth of the venture capital market and provides students with an understanding of the advantages and risks associated with venture capital financing. Both start-up and growth needs are explored. The course will focus on the more practical aspects of structuring transactions that add value for the firm, owners, and financial backers. Federal and state tax situations for businesses will be covered.  Tax topics will include income tax, sales and use tax, payroll tax, and unemployment tax.  Financial topics will include insurance, employee benefits, retirement planning, budgeting, interpretation of financial statements, and learning how to work with an accounting professional.

Internet Marketing: Creating a Digital Presence

ENT 355 - 3 Credits

This course is designed as an introduction to the rapidly evolving world of Internet marketing. The opportunities, problems, tactics and strategies associated with incorporating electronic methods into the marketing function are examined. The course includes discussion of the importance of web-site traffic and brand building, online customer support and data collection, online pricing tactics, how to create appealing websites and landing pages, and Internet marketing models.

The Entrepreneur's Journey

ENT 450 - 3 Credits

This course is the capstone applications class where student teams will compete in a simulation exercise that exposes them to the day-to day challenges owners/managers face in a start-up environment. Decision-making skills and the ability to operate under conditions of uncertainty will be honed. Students will analyze and interpret dynamic economic, financial, and market factors in order to make sound business decisions using a technology-based business simulation exercise.

Social Wealth & Social Entrepreneurship

ENT 452 - 3 Credits

This course examines the importance of societal wealth ventures, social responsibility, community outreach, and giving back to the community in order to ensure balance between private and societal interests. The concept of identifying social issues as new business opportunities is fully explored. This course is examines the importance of societal wealth ventures, social responsibility, community outreach, and giving back to the community in order to ensure balance between private and societal interests. The concept of identifying social issues as new business opportunities is fully explored.

Creativity & Innovation: Intrapreneurship & Entrepreneurship

ENT 453 - 3 Credits

This course examines the importance of creating innovative work environments in small, medium, and large-scale organizations in order to ensure the long-term competitiveness of the firm. Innovation is explored from the perspectives of product development, internal process improvements, and strategic shifts. Students will have the opportunity to participate in an experiential innovation project.

Special Market Sectors

ENT 454 - 3 Credits

This is an advanced course in marketing.  It reviews and deepens the understanding of marketing presented in several of the preceding courses. The unique opportunities and challenges inherent in a number of special business market sectors such as family-owned, professional, franchises, services, and import/exporting are also presented.

Business Valuation & Acquisition

ENT 455 - 3 Credits

This course is designed to provide students with the basic principles, concepts and analytical tools needed for financial theory and practice. It has a primary emphasis on financial statement analysis techniques, corporate financial reporting practices and the accounting standards upon which these reports are based.

Individual Project

ENT 456 - 3 Credits

This course is intended to be a capstone to the student’s entrepreneurial education program by providing an opportunity to integrate and apply your knowledge within a context that is personally meaningful. The course will focus on the steps of starting a new venture. This course is designed to enable students to recognize the unique opportunities and challenges faced by entrepreneurs in today’s dynamic business environment and combine essential business and interpersonal skills for a successful career as an entrepreneur.

Copyright© 2007 Institute for Entrepreneurship

 Certificate Programs

The IFE Certification Programs

A key objective for the Institute for Entrepreneurship is to provide certificate training to the widest possible audience of entrepreneurs. In addition to licensing curriculum resources to Colleges of Entrepreneurship, IFE is developing a series of online certificates. These educational products provide learning experiences concentrated on a specific set of business goals.

Online learning is complimented by face-to-face learning through seminars and direct work with local area mentors. Practical project work and team collaboration are also important teaching and learning strategies for each certificate.

The initial IFE certificates include:

  1. Certificate Program in Entrepreneurship

  2. Certificate Program in Executive Management

  3. Certificate Program in Creativity & Innovation

  4. Certificate Program in Intrapreneurship

IFE programs will evolve from these broad entrepreneurship topics to highly focused training in a wide variety of industry and trade-specific enterprises. In addition to teaching business and technical skills, and the foundation of entrepreneurship (how to successfully start and manage a new venture), each IFE certificate program is committed to strengthening personal development in such areas as leadership, ethics, and higher-order thinking. We are concerned that every student in the program gains the skills to become lifelong learners.

Certificate training offers a flexible fast-track opportunity to those students do not have the time or financial means to enter into a four year degree program. These entrepreneurs need support for their current venture now, not later. Certificates have long been a bridge between undergraduate and graduate programs, offering a focus on the real-world issues and skill building that is often lacking in a traditional academic setting. IFE will offer this opportunity for fast-track learning, maximizing the new tools of access, collaboration and multi-media learning providing by advancements in the Internet.

An experiential component of each certificate will be emphasized. The Institute for Entrepreneurship desires that every student will "live an entrepreneurial experience" with an early stage company as part of their learning process. The goal of the IFE certificate programs is to create a more highly skilled workforce, increased earning power, and a healthier economy.

 Certificate of Entrepreneurship

Certificate Program in Entrepreneurship

The Entrepreneurship Certificate is a 16 week online program that explores the common challenges and universal concerns facing all types of small business owners today. It presents a rich set of solutions that gives business people a fresh perspective and tools to achieve sustainable success.

This program is offered as an online program, with a residential weekend component. The program can also be presented in a condensed version on weekends, either through licensee colleges or through IFE.

The certificate program is designed for various types of students and everyday small business owners who need specific courses on entrepreneurship.

Trade professionals like carpenters, bookkeepers, plumbers, auto mechanics, and so forth who want to leave the role of employee and start their own shop or business.

Successful professionals in one arena who want to diversify by owning their own business. For example, sports professionals such as baseball, basketball and football players who want to invest their money in a business of their own when they retire from sports.

Students who have studied non-business curricula, such as science and technology, as their primary focus and now are ready to understand the challenge of business, commerce, and entrepreneurship to develop and protect their inventions and discoveries.

The Certification course is a combination of the weekend seminar program, online modules - viewing interactive multimedia presentations, reading texts, listening to podcasts, workbook assignments, viewing guest lectures, and participating in ongoing group online forum discussions regarding the various weekly topics. Personal and business assessment surveys are conducted at the beginning and again at the end of the course to track the student's progress and development of genuine entrepreneurial skills.

Copyright© 2007 Institute for Entrepreneurship

 Certificate of Intrapreneurship

Certificate Program in Intrapreneurship

IFE is in development of its Intrapreneurship Certification. At this time, IFE is in collaboration with Craig Morningstar and Cyndi Laurin, Ph.D., authors of the training seminar Intrapreneurship: The Last Frontier for Global Competitive Advantage. These authors teach that intrapreneurship represents an untapped competitive advantage in the marketplace — the difference between survival and excellence.

Dr. Laurin has written: "Contemporary authors, speakers, coaches, and consultants have missed the target with intrapreneurs (and identifying, managing, and leveraging their talent) by misunderstanding the context in which they operate — not the setting or environment in which they work — but the full context that distinguishes an intrapreneur from an entrepreneur."

The certificate program focuses on the following issues:

  1. How the intrapreneur identifies him- or herself

  2. How their careers are managed

  3. The challenges they face

  4. The strategic methods they use to introduce creative and innovative ideas

  5. The type of risk they balance with survival

  6. The frustration they experience when their talents are not leveraged

  7. The perceived threat they are to their managers and peers

  8. The level of sabotage they endure

Intrapreneurs seek to achieve their highest level of satisfaction while leaving their indelible imprint on the organization. The Intrapreneurship Certificate offers an invitation to learning that reaches across all levels of personnel and leadership levels of existing companies to help foster and protect innovation, invention and agility.

 Executive Certificate Program

Certificate Program in Executive Management

IFE is in development of its Executive Management Certification. At this time, IFEis in collaboration with Robert S. Block, author of the book and training seminar: Executive Management - Whole Business Thinking. The curriculum addresses the needs of corporate decision makers, executives, managers, entrepreneurs and business owners who seek to understand and improve their company's financial and operational performance.

The program introduces powerful concepts to help business people understand the past, analyze alternatives, plan the future, execute their plans and evaluate performance.

Students learn to:

  1. Bridge the languages of finance and operations — understanding how financial and non-financial numbers relate in establishing performance goals.

  2. Organize and analyze financial statements for deeper meaning and to connect the past with the future.

  3. Improve decision making by connecting decisions and actions — called "strategies" — to their financial consequences.

  4. The program demystifies complex financial concepts by explaining them in plain, easy-to-understand language and  provides participants with the ability to implement these executive management principles within a company.

  5. Participants learn how to:

  6. Link past financial performance to future financial goals

  7. Connect decisions and actions to their financial consequences

  8. Integrate the language of finance with the language of operations

The seminar teaches students to analyze the details, synthesize the whole, make better business decisions and manage more efficiently and effectively. Topics include: Whole Business Thinking; Enterprise Management Systems; Financial Statement Matrix; Decision Support; Planning & Analysis; Strategy Management; Linking Financial & Non-Financial Metrics; Using Reports and Graphs Effectively; and Creating Sustainable Growth.

Copyright© 2007 Institute for Entrepreneurship

 University Entrepreneur Fund

Details of the University Entrepreneur Fund

It is an educational fund with purpose - to launch new businesses. Student businesses that merit it can now be offered unprecedented funding and support to launch their new ventures.

The University Entrepreneur Fund intends to invest in majority and minority equity interests in early stage companies originated from university and college incubators located throughout North America. The University Entrepreneur Fund's $250,000,000 investment objective is to maximize capital growth, rather than to preserve capital, through investments primarily in micro-equity companies seeking exit strategies and capital growth for their companies.

University Entrepreneur Fund is the conduit between the funding stage and the operational functions of the business. These investments will vary among several industries. The strategy is to provide investors with capital appreciation by investing primarily in start-ups from incubators in universities and colleges throughout North America.

Ongoing infrastructure and human capital improvement, combined with the economic potential of the various industries in which the start-ups operate, have created significant opportunities for investors to participate in potentially attractive investment opportunities. The University Entrepreneur Fund seeks overlooked, undervalued businesses that provide core products and services.

An important premise of the fund is its geographic focus in that it will seek to fund companies where they are located. This offers a huge advantage to the companies in that they are not forced to move in search of investment money. By funding companies in their backyard it provides a degree of comfort and consistency that can allow the company to remain entirely focused on the business. That focus translates into higher levels of functionality for the companies and ultimately higher degrees of profitability and return for the fund.

Copyright© 2007 Institute for Entrepreneurship

 Club E

Club Entrepreneur

Our open source organization encourages the free exchange of ideas and resources, and invites the diversity of a local entrepreneur community to join together for common interest activities and to synergize their talents.

July Meeting

Wow! The July Club Entrepreneur meeting got me so excited that I had to quit drinking coffee... In all seriousness the adrenaline I have pumping everyday now is so powerful that the combination of that and the coffee is just too much for me to handle!

For those of you who missed it, here's what happened... Our featured speaker for the evening was Ingrid Vanderveldt, host of the hit CNBC television show "American Made" www.ingridvanderveldt.com. Her show goes inside the history of some of the greatest successes of our time, such as Starbucks Chairman Howard Schultz. Beyond "American Made", Ingrid has also started the Entrepreneur and Small Business Network www.esbnetwork.com, an online television network strictly for the entrepreneur and aspiring small business owner.

At our meeting, Ingrid lit up the room with her fascinating stories, including how she was dubbed as "learning disabled" as a child, and how the education system told her parents she wouldn't excel in life... Not too surprising actually for someone who became a great success, it's amazing how institutions often have everything backwards...

Ingrid shared 10 principles of success...

Not unlike our usual style, Club Entrepreneur quickly recognized Ingrid as a very important catalyst for the entrepreneurial movement, even before we met. So, during her visit, we knew with every ounce of our being that Ingrid and Club Entrepreneur were made for each other. In the late-night hours following the meeting, Ingrid and the Club E founders decided to merge the ESB Network with Club Entrepreneur! Effective immediately, Club Entrepreneur/ESB are now the "Club E Network".

Beyond our plans to expand the organization globally, Club E will be opening up an online social network within the next 2 months that will keep you all closely connected with your Club E chapter, and allow you to reach out to Club E members all over the world. In addition, we will be creating the premier television network for entrepreneurs, bringing you stories from some of the world's most successful people, as well as the inside stories of other Club E members worldwide. This is all coming before you know it, so stay tuned!

Best wishes,

Corey Kossack
President
Club Entrepreneur

June Meeting

It's the passion of the soul that keeps jumping off rocks, that yearns to fly like a bird; it's the passion of the mind that pursues visions.

- Michael E. Gerber

What an electric night! The energy at Club Entrepreneur was at an all-time high with the presence of the greatest entrepreneurial thinker of our time, Michael Gerber.

Michael teaches us that entrepreneurship is not reserved for a rare and special few, but for each and every person on earth, whether they know it or not. But without the synergy of the passion of the heart and the passion of the mind, we'll never be able to take our impossible dream and make it real.

Michael's dream is a big one, to awaken the entrepreneur within every man, woman and child on earth. Fortunately for all of us, Club Entrepreneur has the same vision. You can find more about his vision, visit In the Dreaming Room

Together, we can build the largest organization of entrepreneurs on the planet, and it starts now. Michael is embarking on a 55-city tour on which he will be spreading the message of Club Entrepreneur, planting seeds to open a chapter of Club Entrepreneur in every city he visits. So before you know it, you'll be able to stop in on a Club Entrepreneur meeting in every city you travel to, the possibilities are endless!

I'd like to take a moment to Thank some of our sponsors for helping make Club Entrepreneur possible.

  • Chance Carpenter and Essential Event Technologies

  • Kathy Player, and the College of Entrepreneurship

  • Infusion Software

Be sure to stop by next month for Ingrid Vanderveldt, host of the hit TV Series "American Made", which airs Tuesday nights on CNBC. See you then!

Best wishes,

Corey Kossack
President
Club Entrepreneur

May Meeting

We would like to extend a big thank you to Ron Cates from Constant Contact for spending his time with us at the May Club Entrepreneur meeting.

It is becoming very clear that our group will flourish as time goes by. Congratulations to all of you who are out there making it happen, turning your vision into reality with hard work, dedication and the powerful beliefs that propel you forward in your adventures.

If you missed this meeting, be sure to stop in throughout the summer for the great events we have lined up. Next month, we will be hosting world-renowned author and entrepreneurial visionary Michael Gerber, so you won't want to miss it! See you then!

Best wishes,

Corey Kossack
President
Club Entrepreneur

April Meeting

The April Club Entrepreneur meeting was held at the Bamboo Club in downtown in Tempe, AZ.

We began the program with the announcement by Ryan Hamilton, from Future Business Leaders of America (FBLA), of the recently established IfE-FBLA Scholarship program to provide $2,500 in tuition assistance to every FBLA graduate enrolled in the College of Entrepreneurship.

FBLA is a nonprofit educational association of students preparing for careers in business. The FBLA provides programs for high school students across the nation.

CoE student-entrepreneur Shannon Dolan introduced Jim Riggs, founder of Shea Commercial — the largest developer of office condominiums in the United States and a leading broker of commercial real estate including offices, retail and industrial — to share his personal story of entrepreneurship .

Jim described the ways in which he has been periodically challenged to "reinvent" his company as the business environment and financial opportunities changed.

The Question and Answer period gave Club E members the ability to elicit expert advice about their ventures. The rest of the evening was spent in networking and meeting new friends.

March Meeting

A Message from Corey Kossack:

"If you were unable to attend the March Club Entrepreneur meeting, you really missed out! The event started with the announcement of the $250 million university venture fund that was recently established. Student businesses that merit it can now receive unprecedented funding to launch their new ventures."

"With the acquisition of start-up capital being one of the major roadblocks for up-and-coming entrepreneurs, this new initiative will streamline the success of the innovative new business concepts that are already being generated at Grand Canyon University's College of Entrepreneurship, and will be available at subsequent Colleges of Entrepreneurship across the country as they open."

"We were very privileged to have the Sloan Brothers, founders of StartupNation.com, join us and impart some wisdom to our eager members. Jeff and Rich Sloan shared their story with us, from launching and selling an Arabian Horse Breeding operation to starting the world's largest online community of entrepreneurs."

"Thanks to Chance Carpenter and Seth Markowitz at Essential Event Technologies, you can now view the entire Sloan Brothers Club Entrepreneur presentation. Of course, nothing can replace being there in person and making connections with the other Club E members, but its pretty cool to be able to watch the entire event online! Big thanks to Essential Event Technologies for that one!"

"What invigorates me about the Club E group is the passion and energy level that is brought to every meeting. Our members are so excited to be there and get the opportunity to meet others who are just like them. I trust that this energy and enthusiasm will continue to grow as our endeavors progress toward greater and great success!"

"We have a great meeting coming up April 10, with Jim Riggs, CEO of the former Shea Commercial which has now been split into two companies, Prudential and SAXA. Jim's company is the largest office condominium builder in the country, is a master negotiator and an all around great guy! I heard him speak in an entrepreneurship class last year, and he is definitely worth showing up for! See you all there on the 10th!"

Best wishes,

Corey Kossack
President
Club Entrepreneur

2007 Kick-off Meeting

"The inaugural state-wide Club Entrepreneur meeting was a smashing success! I would like to extend a special thank you to all who were in attendance and those who have supported our efforts."

"We are clearly on the forefront of a revolution that will completely change the face of our nation forever! It was my great pleasure to stand before you all and speak about my experiences as a young entrepreneur."

"I am fortunate to be able to speak about the valuable lessons I have learned from Grand Canyon University's College of Entrepreneurship and to introduce my personal mentor, Peter J. Burns III who founded the Institute for Entrepreneurship and the nation's first-ever College of Entrepreneurship."

"Peter Burns' story of leaving college at 19 to launch his multi-million dollar moped import and rental business is a classic example of how the education system is missing the boat on entrepreneurship."

"Peter's vision of 100 Colleges of Entrepreneurship in the United States will come to fruition, and will change the way we educate our youth. Fortunately for Arizona, Grand Canyon University's College of Entrepreneurship is already doing this, and making great leaps to jump-start our economy right here in Arizona."

"Club Entrepreneur aims to reach all of you, from the fledgling to the most seasoned entrepreneurs. Together we will learn, grow and spread entrepreneurship to the world. Looking forward to seeing you soon!"

Best wishes,

Corey Kossack
President
Club Entrepreneur

Upcoming Events:

Vision of Club Entrepreneur

The vision of Club Entrepreneur is to become a premier organization of entrepreneurs that encourages and advances entrepreneurship throughout the world. Club Entrepreneur will fulfill this mandate by educating, inspiring, networking, and assisting in the success of all types of entrepreneurship.

Membership in the club is free for anyone interested in entrepreneurship. The club brings entrepreneurs, business leaders, and professional experts together in a highly interactive environment.

Free Monthly Mini Conferences

Every month, Club Entrepreneur holds mini-conferences that bring together anyone interested in the subjects of entrepreneurship and investing.

At each mini-conference, members have an opportunity to meet like minded individuals, find assistance for new ventures, and hear motivational speeches from successful entrepreneurs. Members can also have their business plan reviewed by a panel of experts or get matched up with a mentor. The motto of our social networking is 1 + 1 = infinity.

Club Entrepreneur, based in Phoenix, is expanding its reach by developing new clubs both nationally and globally.

Club Entrepreneur

Program speaker will be announced here and by email when confirmed.

located at: Bamboo Club
699 S Mill Ave
Tempe, AZ 85281
(480) 967-1286

 eLab

 Our Founder

 eLab

Entrepreneur Lab

e-Lab is empowering a new generation of youth for a future in entrepreneurship. With access to all necessary resources to start up a business, acvitely mentored students are put into a position of power in the real world, with real decision making ability. They will be deriving a company from the ground up.

Members engaged in e-Lab have the opportunity to either join a team in a leader role for a start up, or join as an employee or intern with an entrepreneur already leading the venture. A team usually is comprised of a seasoned entrepreneur and several emerging entrepreneurs who are motivated to evaluate feasibility, formulate business plans, and identify funding sources.

An e-Lab team may be formed as a instrument for mentoring or as a way for a seasoned entrepreneur to move a project forward when he or she lacks sufficient time when working alone.

Education through e-Lab is also open to faculty in the surrounding collegiate community. e-Lab will be offering a faculty observing program in which faculty may examine the business start ups in their area of expertise. Faculty who are involved with successful ventures consequently earn many benefits.

Benefits of Involvement

Entrepreneurial minded people from all perspectives reap the many benefits of our e-Lab.

From the student perspective

The typical paradigm for a student thriving to be an entrepreneur is to go about the venture step by step on his or her own. The student after spending much time in development of the business plan and finding resources must then obtain funding.

e-Lab will be offering resources to any student with an entrepreneur mentality to accomplish his or her goal. With e-Lab, a student has the opportunity to choose from a list of business concepts to develop.

The student will most likely be part of a student team, and all the necessary resources to assemble a concept into a business plan will be accessible through e-Lab's resources. Not only will this student not suffer academically, but they will be given the opportunity to obtain credit in the process through elective course credit and or internships.

From the concept provider perspective

e-Lab is an outlet for established businessmen with modest time availability and creative minds to expand their business ideas. By outsourcing a concept to e-Lab, a student team is assembled and the concept is researched and built into a business plan.

The concept provider has the ability to fund the project and or play an active role. Otherwise, the concept provider may approve the student team to become the venture's core staff.

e-Lab, is allowing the concept provider to have their concept(s) become established companies without stretching them beyond their time constraints.

From the faculty perspective

e-Lab's secondary mission is to educate the youth in our community in entrepreneurship and leadership. The venture development process through e-Lab will be greatly benefited by the observations collegiate faculty may offer. If involved, faculty will then be educating themselves on entrepreneurship. This also opens e-Lab to become elective course credit for students involved within it.

This is possible for the reason that faculty may give assessments at the end of a projects semester tenure. If the project has recorded at least 40 contact hours and has lasted more than three weeks, then it can qualify for elective college credit. This is very beneficial for faculty because then they are going to be rewarded for their time spent on engaging in the process.

Students will also benefit as they are receiving credit for their project(s), which allows them to focus on both school and entrepreneurship at the same time.

The process for development of e-Lab into course credit is in progress.

From the coaching/consulting perspective

Coaches and consulting firms can establish independent contracts with e-Lab. Coaches and consulting firms or individuals working have a significant increase in deal flow, as many ventures utilize them.

 Our Founder

Peter J. Burns, III

Peter Burns is the founder of the Institute For Entrepreneurship.

A serial entrepreneur, Mr. Burns experienced his first venture success at the age of 19. In the 30 years since then, he has started more than 100 other businesses, ranging from the first moped rental company in the U.S. to a company that offers architectural rendering and animation production services to architects, builders and developers.

An entrepreneur at heart, Mr. Burns truly understands how to support students who are studying and also launching their own business. To learn more about his entreprenurial beginnings as a student read this article from 1985, published in Nations Business.

Mr. Burns got involved in higher education in 2005 when he began teaching an entry-level entrepreneurship class at the Barrett Honors College at Arizona State University. After watching the class grow from a few students to approximately 100 students, he saw and recognized a need and followed a path that would ultimately lead to the country's first College of Entrepreneurship.

Among his accolades in education, Mr. Burns was the youngest participant in Harvard Business School's Owners and Presidents Management Program.

Mark Jacobs, the Dean of Barrett Honors College at ASU, was the first to work with Mr. Burns in an academic setting. Read his evaluation of Mr. Burns' program in his letter to the United States Association for Small Business and Entrepreneurship.

Copyright© 2007 Institute for Entrepreneurship