Faye Best – Week 42 – Looking back on Introduction to Entrepreneurship

Faye Best – Week 42 – Looking back on Introduction to Entrepreneurship

Dear readers,

We are almost at the end of this course and therefor it is time to look back at what I’ve experienced so far. It had been a busy course with all kinds of assignments: doing interviews, writing a blog, conducting surveys and writing an academic paper. But besides that I have learned a lot and I was surprised that I liked doing the assignments so much.

Stepping out of my comfort zone is what I learned most in this course. Beforehand it was a real challenge for me. I am not that kind of person that just goes into a shop and talk to someone. It was a huge step for me to do this, but when I did I really enjoyed it! To be entrepreneurial you have to step out of you comfort zone sometimes and I think I developed this a bit more (still need to work on it though).

Often I don’t like to go to lectures, but in this course I really wanted to go. I found it interesting to learn about the different perspectives and to apply this in the final assignment. In my major study program I often miss the academic skills. Therefor I think this course brought me further and it has really added something to my bachelor.

What I liked about this course were the different nationalities that were participating. It was interesting to hear how entrepreneurship is developing in other countries and hearing their stories made the lectures more interactive. Here I also stepped out of my comfort zone by working with someone from Austria! Thank you Irene for working with me at the assignments, you’re a great colleague!

I hope you enjoyed reading my blog during this course. You will hear from me again during the course Entrepreneurship and Networks!

Faye

Advertisements
week 42: Ine van der spek 2508404 Introduction Entrepreneurship

week 42: Ine van der spek 2508404 Introduction Entrepreneurship

Hello everyone!

This week was a very productive week, when we look at the internship. There were two days that we worked on the assignment of the internship. The first day, was an opportunity for only one of us. One of us was able to go to the Fenixgroep and meet with several entrepreneurs. After some negotiation we decided that Floris was the chosen one, he was going to do the interviews. The interviews were with different people, some of them went bankrupt and some of them really struggled with their finances.

To Floris it was very surprising that he was going to interview people, because he only heard this one our before the start of the meeting. However, he really managed to ask the right questions. It was striking that only two out of three had an exit strategy and that the only exit strategy they had was a takeover by their son or daughter. Nobody really thought about what to do when you go bankrupt.

An other remarkable detail was that all of the entrepreneurs weren’t really negative about the reactions they got from other people, like family, friends or other entrepreneurs. The all say that, if you are open about what happend, people will listen to you, but they will not treat you different. I thought that it was very special that all these entrepreneurs were so open about there bankruptcy.

The other day that we spend for our internship was again an other brainstorm session. But this time a bit more explicite. We thought about the details of our plan and made an power point. Next week we will try to finish our idea and really work it out perfectly. For now our main focus will (of course) be on the assignments.

Have a lovely weekend,

Ine

Mike Spits @ Amsterdam Economic Board – Week 42

Mike Spits @ Amsterdam Economic Board – Week 42

Hi all, welcome back to my blog,

As mentioned last week, we had a meeting with the people of the company Amsterdam Smart City today. We got introduced to the company and the introduction was followed by the explanation of several sharing economy platforms, related to the social sector.

The social sector, because we are probably going to work in that field, which was also our conclusion today. On the basis of that thought, we went looking for companies that fit to our plans. Last week we got a list of companies that work together with Sharenl, so we used that to find them. The list contained more than 100 different companies, so that took us a while.

We haven’t got a reply yet form Thuisafgehaald, the company that we would like to get more insight in so we get more familiar with the bigger already existing sharing platforms. The smaller companies we chose from the list were: Wehelpen, Ruilrestaurant, Konnektid and Casserole Club. These platforms are based on the trading of food and services.

Next week we are going to focus on the business plan. We are going to investigate multiple structures and decide which one we are going to use and what information we need to complete the plan.

Thanks for reading, and hope to see you next week!

Mike Spits

2526122

The Course Introduction to Entrepreneurship – Week 42 – Dina Zaouid

The Course Introduction to Entrepreneurship – Week 42 – Dina Zaouid

Hey all! Normally I should write about my internship @Enactus, but because we haven’t made any progress yet since last week because the next meeting is not until Tuesday I’ll write this week’s blog about the course ‘introduction to entrepreneurship’ which I followed during the minor Entrepreneurship.

Before I started this course I thought that it was about learning how to enterprise instead of learning the theoretical background related to entrepreneurship. So at the beginning of this course I actually didn’t really like the course or the whole minor. However, after I have finished this course I think that it’s really interesting to learn the theoretical concepts related to entrepreneurship and to link those to practice. This is what we had to do for our last assignment and this is where I will mainly blog about.

For the final assignment I’ve analyzed the great female entrepreneur Barbara Corcoran, an American business woman, from social/network perspectives. I honestly have learned many things during this assignment. First of all, I got the opportunity to know Barbara Corcoran, an entrepreneur from whom I never heard of before, and to dig deeper in her life and work. She really is an inspiring figure and I’m glad that I’ve chosen her as my entrepreneur. Furthermore, I’ve done some literature research about the nature of key opportunities, social dimensions of entrepreneurship, role models and network perspectives. From this literature research I’ve learned many different theoretical concepts that are of immense importance for entrepreneurship. The hardest part was to link this theory to practice, in other words to link theoretical concepts from the literature research to Barbara’s life and work. It was really hard at the beginning to look to Barbara’s biography from a theoretical perspective because it’s originally not written to approach it that way, but eventually I succeeded and really liked the theory-practice linking part of the assignment.

The most thing I’m happy about, is that my scientific writing skills really have improved during this final assignment as well as my English writing skills in general. So thanks for that!

See you next week where I’ll blog about my internship again!

Dina Zaouid

Week 42, Robbert de Kruijff, 2522315

Week 42, Robbert de Kruijff, 2522315

For this week we proceeded working on the solutions we came up with last week. Again, the challenge is to create awareness for exit strategy among entrepreneurs. This week a member of our group held an interview with a few experts on exit strategies for companies, arranged by our internship mentor. These interviews are very useful for our assignments.

The interviews gave me the insight that an exit strategy is rather broad concept. For example that having an insurance for when you are disabled is of importance as well. This is something not all entrepreneurs take into account when starting a business.

For the solution on our challenge we worked out our three ideas more detailed.

This week we decided that with our solutions we try not only to create the awareness but also hand a reach for entrepreneurs having a hard time keeping their companies alive. So not only make them realize the importance of an exit strategy but also try to make these entrepreneurs do something about it and talk about it. We think by doing this is the best way break this “taboo”.

Next week we are going to detail the ideas as much as possible and practice on giving a presentation for the jury our internship mentor assembled. By that time I will give more details about the content of our solutions and how in fact we are going to put the ideas into work in our challenge to create more awareness and, in our case, try to get the entrepreneurs to actually do something about the potential exit strategies.

Irene Außerwöger, Week 42, That was it – Looking back on ‘Introduction to Entrepreneurship’

Irene Außerwöger, Week 42, That was it – Looking back on ‘Introduction to Entrepreneurship’

When thinking back about the last weeks, I must say a lot of different feelings are evoked, as the course demanded a lot from me in both, a positive and also not so good way. At times it was really tough and thoughts like “Why did I do this to myself?” came up when seeing some other exchange students having time to travel in the Netherlands while I was busy in trying to keep up with the assignments. However, as I’m a person who hardly ever takes it the easy way, I’m used to this and also glad that I got the chance to further develop my skills and personality.

Apart from the theoretical knowledge and information gained during the guest lectures (which I really enjoyed!), the interviews with the entrepreneurs (which – I have to admit – I wasn’t always fond of doing) had the most important impact on me. Before taking this course, I usually had all the well-known company founders in mind, when hearing the word ‘entrepreneurship’ – which is actually quite bizarre as I essentially have several entrepreneurs in my family. Anyway, now I feel that more attention should be paid to all the “small” businesses, as together, they have a highly diverse impact on our society with all their innovative and interesting ideas. Moreover, they often have thought-provoking stories and experiences to share which might also be useful to non-entrepreneurial professionals.

Finally, I would like to use this last blog entry to say thank you to my colleague Faye, with whom I had the pleasure to do the group assignments. I would like to point out that I have seldom encountered a person during my university career with whom group assignments worked out so well.

So, that was it and I hope you enjoyed reading my blogs!

Irene

Week 42 – looking back – Tom Willemse

Week 42 – looking back – Tom Willemse

Hi there fans,

This week there was no internship for me so I’ll be writing about my experience of the course introduction entrepreneurship. One of the most interesting things was the analysis of the biography of a successful entrepreneur. In my case Dirk Scheringa, for the ones who don’t know. He built a billion euro bank and as the chairman of this bank it also went bankrupt. So whenever I build up a billion euro bank, I won’t fail. Hopefully.

I enjoyed the insights of the exchange students in all the lectures, raising more awareness of the cultural differences between countries’s that shouldn’t differ that much in my opinion. These two countries for instance, need a different approach to succeed when introducing a new product .

But also the guest lecturers were very interesting. Alekksander borger from the Rabobank learned some new things for me. I was surprised that this bank won’t finance any business plans like erotic shops. I wasn’t planning opening one of these shops myself but I’ve never thought of this and the potential reputational damage for the Rabobank. Another thing what was food for thought, was the fact that starting entrepreneurs wouldn’t be denied for a loan whenever they are the first or the thousandths in a week trying to get a loan for the type of product/service. I can imagine everyone deserves a fair chance, but on the other hand only a few of them will succeed which automatically means that the others will fail. And when they fail it’s hard to get the money back for the Rabobank.

Just some examples of things that stuck to my mind, I enjoyed the course and definitely learned me some new important things.

Tom Willemse
2510309