According to the U.S. Small Business Administration, family-owned businesses account for 90 percent of all businesses in the United States. The liberal arts foundation of a Stonehill education assists in building the characteristics and skills commonly associated with successful entrepreneurs:
- Confidence in taking risks
- Independent thinking
- The ability to communicate and inspire
Technical skill and knowledge are also vitally important to insure the chances for long-term success of a new or small enterprise. The coursework required for the Entrepreneurship Minor starts with core business topics,– including accounting, finance and marketing principles – and leads to a focus on the fundamentals of entrepreneurship and small business. Electives enable students to pursue specific interests and include the opportunity for real world experience via an internship with a small business.
Beyond the technical knowledge of constructing business models to finance, launch and run a small venture, the program emphasizes important soft skills to insure success including team building, communications (both with customers and partners) and problem solving.
Students must take at least six courses to complete the minor.