The EntrePrep℠ program provides a real-world entrepreneurship experience with the objective of introducing both entrepreneurship and economic fundamentals. Participants come for a 6-day residential experience in a college setting to capture the entrepreneurial mindset. As an experiential program, the participants’ work towards launching and operating their own Business-for-a-Day™, with 20 hours of classroom modules in support of this undertaking. The teachable moments that arise in this highly stimulating environment are the fodder for great opportunities and learning life lessons.
The choice of business for Business-for-a-day™ is determined by the participants, with the only limit that they must take their idea live, document the business in an executive summary with financials included, and deliver a ‘Concept versus Reality’ final presentation before a live audience detailing what they learned during the strategic planning and actual operation of their businesses.
By actually running a business, if only for a day, and owning their successes and failures, participants grasp the real-world challenges of entrepreneurship and are highly motivated to understand economic fundamentals that help provide context for their experience.
The EntrePrep service mark is owned by the Ewing Marion Kauffman Foundation and used under exclusive license.