Learning how to run a dance studio or start a fashion boutique will soon be an option for Stephens College students.
A $48,500 grant Stephens recently received from the Coleman Foundation allowed the development of an entrepreneurial studies minor, which will be available in fall 2005 to all majors. Students who choose the minor will learn to create a business plan related to their field of study.
Greg Bier, chairman of the entrepreneurship and business management department at Stephens, said the minor is being developed because of interest shown by students. The growing need for an entrepreneurial program was evident through freshman interest surveys, and an entrepreneurial pilot class offered two years ago received positive feedback from students in programs ranging from dance, theater and fashion to education.
“It is a need on campus, based on the things that students will anticipate doing five to 10 years after graduation,” Bier said.
The program will be different from a typical business degree that most colleges offer.
“Rather than the college dictating courses offered, they are based on the students’ wants,” Bier said.
The minor begins with a freshman introduction class in which students will develop a business concept and determine its feasibility. In the following classes, students will continue to refine the concept before writing a final business plan.