Undergraduate Entrepreneurship Minor
The Undergraduate Entrepreneurship Minor is an interdisciplinary minor with classes from seven University of Tennessee colleges. Students are strongly encouraged to take at least one class outside their major college. A complete list of courses is available in the UT Undergraduate Catalog.
Frequently Asked Questions (FAQ)
Who can take the entrepreneurship minor?
Any undergraduate student enrolled at the University of Tennessee can take the entrepreneurship minor.
I am not sure if entrepreneurship is right for me. Should I take the minor?
One of the key takeaways of ENT 350 Introduction to Entrepreneurship is to help you answer this question. If you think it might be for you, we encourage you to check out ENT 350 and answer that question for yourself!
How many hours is the minor?
The minor encompasses 15 credit hours (typically 5 courses).
Can I complete both the entrepreneurship collateral and the entrepreneurship minor?
No. Students will get credit for only one or the other. The entrepreneurship collateral is only available to majors within the Haslam College of Business (HCB). The entrepreneurship minor is open to students from any major on campus, including HCB majors.
Do entrepreneurship courses have prerequisites?
This varies by course. Please carefully check prerequisites and registration restrictions in the course catalog. In general, ENT-designated courses have limited prerequisites to make it easy for a wide variety of majors to take these courses.
Can I take ENT 420 Entrepreneurial Finance as part of my finance major?
No. Entrepreneurial Finance is not part of the Finance major. However, Finance majors may take ENT 420 to fulfill requirements towards the entrepreneurship collateral or the entrepreneurship minor.
Can I take ENT 425 Entrepreneurial Marketing as part of my marketing major?
No. Entrepreneurial Marketing is not part of the Marketing or Supply Chain Management major. However, Marketing or Supply Chain majors may take ENT 425 to fulfill requirements towards the entrepreneurship collateral or the entrepreneurship minor.
I have not taken a finance or accounting class before. Can I still take ENT 420 Entrepreneurial Finance?
Yes, you can still take ENT 420 Entrepreneurial Finance. The course does not require accounting or finance prerequisites.
How else can I get involved in entrepreneurship at UTK and in Knoxville?
Your first stop should be the Anderson Center for Entrepreneurship & Innovation website. From there, you can find out what is going on here on campus as well as throughout the local area.
Will a minor in entrepreneurship be valuable even if I’m not planning to start a business shortly after graduation or maybe never?
Businesses are increasingly looking for entrepreneurs and those with entrepreneurial skills. The minor will provide the skills needed to identify opportunities, evaluate their feasibility, and develop a plan to implement the product or service. With the Entrepreneurship Minor, you will understand the challenges of financing and marketing an intrapreneurial idea, will develop skills for seeing the big picture, and will bring a skill set to the work place that will allow you to stand out early in your career.
Undergraduate Collateral in Entrepreneurship
A three-course collateral in entrepreneurship is offered to Haslam College of Business students majoring in Finance, Human Resource Management, Management, Marketing, and Supply Chain Management. Though the collateral is only open to HCB students, the courses are open to any UT Knoxville and UT Institute of Agriculture students. These classes provide valuable insight into the challenges an entrepreneur faces, and develop the skills necessary to identify opportunities, construct plans, and start on the value-creation journey.
- ENT 350 – Introduction to Entrepreneurship: an introduction to entrepreneurship with an emphasis on identifying, evaluating and developing new venture opportunities. Topics include opportunity identification and evaluation, start-up strategies, business valuation, business plan development, attracting stakeholders, financing the venture, managing the growing business and exit strategies.
- ENT 451 – New Venture Planning: integration of various functional disciplines and their application to general management of new ventures within established companies and entrepreneurial enterprises. Focuses on the components necessary for the development of a business plan.
Choose one of the following electives:
- ENT 410 – Leadership in Nonprofits and Social Entrepreneurship: organizations pursuing goals for the benefit of society face a unique set of challenges compared to those with primarily for-profit goals. Though charged with vitally important missions, nonprofits and social ventures (for-profit businesses with a social mission) are too often poorly led and managed. This course develops business-minded thinking and useful leadership skills in the future leaders of organizations with societal and nonprofit missions.
- ENT 415 – Start-Overs as Start-Ups: not all entrepreneurial activity takes place within the confines of a brand new organization. For some organizations, entrepreneurial effort is required as an organization “starts over” due to poor performance, changes in leadership, new ownership, generational handoff, and/or other factors. This course centers on those situations where existing organizations need to be entrepreneurially refreshed in order to realize their potential.
- ENT 420 – Entrepreneurial Finance: decision-making for financing startups; topics include the time value of money, financial statements and analysis, break even analysis, the cost of capital, cash budgeting, capital budgeting, and business valuation.
- ENT 425 – Entrepreneurial Marketing: entrepreneurial ventures face important and sometimes unique challenges marketing new products and/or services from new firms. New ventures must not only let consumers know that their products and/or services exist but also legitimize the venture in the minds of consumers. This course provides an in-depth look at entrepreneurial marketing strategies with an important focus on online presence and social media initiatives.
- ENT 460 – Leading Innovation and Change: how managers identify and nurture new business opportunities while maintaining competitive advantage. Topics include examination of change models, the role of middle managers in large organizations, and ways to address resistance to change.
Entrepreneurship Learning Community
The Entrepreneurship Learning Community is designed to bring together students from different colleges who share a desire to become value-creators and successful entrepreneurs. Entrepreneurship LC provides an opportunity to interact with other students who are interested in someday starting a business.
Entrepreneurship Learning Community Requirements:
- Enroll in Business Administration 103 during the fall and spring semesters.
- Study, analyze, and discuss real-life cases focused on the challenges facing early–stage entrepreneurs. Case studies will be taken from The Knack by authors Brodsky and Burlingham both of whom are practicing entrepreneurs and columnists for INC Magazine.
- Participate in the Vol Court Speaker Series and Pitch Competition
Attend six workshops with local entrepreneurs and entrepreneur enablers who will cover key aspects of starting a business. Vol Court culminates in a pitch competition where attendees put what they’ve learned into practice by presenting their business ideas to a panel of successful entrepreneurs for a chance to win $1,500 in cash, office space in the UTRF Business Incubator and various professional services.