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Field Faculty Findings Report
Moving Toward a New Kind of University for Entrepreneurs

by Kathleen Allen, Ph.D.
Presented by Jerry Darnell
Director, SBDC, St. Joseph
January 2003
Report Summary

Dr. Allen's paper presents a strong argument for developing an educational experience designed to effectively educate then move an entrepreneur into a successful business venture.

This well thought-out proposal deals with providing the entrepreneur with basic tools and developing essential business skills. By utilizing long distance learning techniques and culminating with "boot camp," the finishing touches are added to the entrepreneur's business plan. She points out that the current research from some major institutions reveals that "social skills" and personal interrelationships with "mentors" are critical. This point is supported by the results of her questionnaire on Entrepreneur University Components. The social skills are met by the Entrepreneur University, utilizing meetings mentors and the boot camp. She identifies one major hurdle which faces all programs: Time. How long will it take to assimilate the information through long distance learning and culminating in a practical, useful business? The answer to how much time probably has many variables, and an optimum solution might be arrived out only through trial and error. A starting point—8 months is too long—was indicated by the questionnaire.

The approach suggested by Dr. Allen is a good step toward pushing the "academics" of business toward a successful business. The learning bar would be raised, increasing the confidence of the entrepreneur for going into business. Knowing this, it must be understood that real world competition are realities that cannot be taught, but must be experienced and are the determinants of success or failure.

University of Missouri Extension