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Entrepreneurship in Practice

HSP157
Closed
Sault College
Sault College
Sault Ste. Marie, Ontario, Canada
JF
Jessica Freamon
Educator
1
Timeline
  • May 3, 2021
    Experience start
  • May 4, 2021
    Project Scope Meeting
  • August 21, 2021
    Experience end
General
  • Diploma; 1st year
  • 8 learners; teams of 2
  • 15 hours per learner
  • Dates set by experience
  • Learners self-assign
Preferred companies
  • 1/1 project matches
  • Anywhere
  • Academic experience
  • Any
  • Any industries
Categories
Communications Product or service launch Marketing strategy
Skills
competitive analysis business strategy marketing strategy research salon management
Project timeline
  • May 3, 2021
    Experience start
  • May 4, 2021
    Project Scope Meeting
  • August 21, 2021
    Experience end
Overview
Learner goals and capabilities

Startup organizations have a unique set of risks and advantages, which informed business owners know how to leverage; staying lean and nimble is key in achieving startup success. In this project, students working in cross-disciplinary teams will continue to build the skills in the daily operation of a salon with the study and practices of successful marketing of products and services. Students will demonstrate their ability to successfully perform financial transactions, effective customer service strategies, conflict resolutions, operational skills and marketing strategies in a realistic salon setting They will recommend strategic changes that will accelerate your organizational growth and reactivity.

Salon ownership will be the main focus in providing students a better understanding of opening, running and managing different types of salons.

Expected outcomes and deliverables

The final project deliverables might include:

  1. A 10-15 minute presentation of key findings and recommendations.
  2. A detailed report including their research, analysis, insights, and recommendations.
Project Examples

Students in groups of 3-5 will work with your company to identify your needs and provide actionable recommendations, based on their in-depth research and analysis.

Project activities might include but are not limited to:

  • Assessing your potential for entrepreneurial activities within your organization
  • Examining and practising the entrepreneurial process: from generating new venture ideas, to exploring their feasibility, through the theory of creating an organization, funding the venture, and implementing it
  • Evaluating the feasibility of a small- or medium-sized venture from market, industry, and operations perspectives
  • Creating realistic pro-forma financial statements and use them to analyze the feasibility of a new business or the health of an existing business
  • Identifying and assessing financing options for a new venture
Additional company criteria

Companies must answer the following questions to submit a match request to this experience:

Provide relevant information/data as needed for the project.

Provide an opportunity for students to present their work and receive feedback.

Provide a dedicated contact who is available to answer periodic emails or phone/virtual calls over the duration of the project to address students' questions.

Be available for a quick phone/virtual call with the instructor to initiate your relationship and confirm your scope is an appropriate fit for the course.