uf entrepreneurship business plan

University of Florida

Entrepreneurship

Program information.

The Masters of Science in Entrepreneurship (M.S.E.) program is a one-year, 36-credit, campus-based program designed for young and aspiring entrepreneurs and change-makers. Offered to both business and non-business majors alike, the program is a combination of classroom delivery and experiential learning activities with a focus on opportunity assessment, feasibility analysis, lean entrepreneurial concept testing, business plan development, entrepreneurial leadership, and the sourcing of capital. Students are exposed to cutting edge entrepreneurial theory, which they apply immediately by consulting for small business, commercializing UF technology, and creating their own businesses.

Combination Degree: The Master of Science in Entrepreneurship offers a combination bachelor’s/master’s degree option for students pursuing a bachelor’s degree in any discipline.

For more information, please see our website: http://warrington.ufl.edu/graduate/academics/mse .

Degrees Offered with a Major in Entrepreneurship

• Master of Science in Entrepreneurship

Requirements for these degrees are given in the Graduate Degrees section of this catalog.

Finance, Insurance, and Real Estate Departmental Courses

Warrington college of business courses, entrepreneurship (ms).

SLO 1     Knowledge         Assess and evaluate potential new value-driven creative venture opportunities in ways that convey a vision

SLO 2     Professional Behavior    Apply professional entrepreneurial skills to leverage resources, manage risk, plan when nothing exists, develop an action orientation and be tenacious in the face of setbacks.

SLO 3     Skills      Utilize professional experience effectively to adapt and build action-oriented networks in the pursuit of entrepreneurial opportunities

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So you want to start a business in Sarasota? The Chamber of Commerce can help | Indicators

T he Greater Sarasota Chamber of Commerce’s mission is to cultivate Sarasota’s prosperity and quality of life through our member businesses. Our team and board strive to be a trusted resource and advocate for our local business community. Everything we do as a chamber is laser-focused on providing support, economic intel, connection opportunities, and advocacy efforts to foster a robust business community. This also includes creating an economic ecosystem for the growth of entrepreneurs.

Starting a business is an exciting venture, but it does require some planning and careful consideration. Here are some key things to consider before jumping into being an entrepreneur:

1. Market Research: Understand your target market and who your competition is. What sets you apart from existing businesses and is there a demand for your product or service?

2. Business Plan: Develop a detailed business plan outlining your goals, target market, revenue streams, expenses, and marketing strategies. This will serve as a roadmap for your business.

3. Financial Planning: Outline your startup costs, projected cash flow, and funding sources. Consider how you'll finance your business, whether through personal savings, loans, investors, or crowdfunding.

4. Legal Structure: Choose the correct legal structure for your business, such as a sole proprietorship, partnership, LLC, or corporation. Each structure has different tax implications, liability protections, and administrative requirements.

5. Regulations and Permits: Research the legal and regulatory requirements for starting a business in your industry and location. This includes business licenses, permits, zoning laws, and industry-specific regulations.

6. Brand Identity: Develop a strong brand identity, including your business name, logo, and messaging. Your brand should resonate with your target audience and differentiate you from competing businesses.

7. Technology and Infrastructure: Assess your technology needs, such as equipment, software, and online platforms. Invest in reliable infrastructure to support your operations and customer service.

8. Team Building: Determine whether you'll need to hire employees or work with contractors. Build a talented team that shares your vision and complements your skills.

9. Marketing and Sales: Develop a marketing plan to reach your target audience and promote your products or services. Consider your online presence, sales strategies, social media plan and advertising channels.

10. Risk Management: Identify potential risks to your business, such as economic downturns, competition, legal issues, and cybersecurity threats. Develop a plan to mitigate these risks and protect your business.

11. Work-Life Balance: Starting a business can be demanding, so consider how it will impact your personal life and well-being. Create boundaries and prioritize self-care to avoid burnout.

12. Exit Strategy: Think about your long-term goals for the business and how you'll eventually exit, whether through selling the business, passing it on to family members, or retiring.

By giving serious consideration to these factors and detailed planning, you will be better prepared to navigate the challenges, opportunities, and rewards of starting a business.

Additional resources and assistance on permitting/regulations can be accessed by connecting with the City of Sarasota through Wayne Applebee’s office of Economic Development at [email protected] or through Sarasota County and Rob Lewis’s office of Economic Development and Government Relations. The county has published a book of resources that can be found at scgov.net/doingbusiness and our local Sarasota EDC can also assist with the relocation or expansion of a business www.edcsarasotacounty.com We are also proud to support our partners with CareerSource Suncoast careersourcesuncoast.com on their CEO program, a 10-week entrepreneurial training and development curriculum. At the completion of the program, the Sarasota Chamber offers a complimentary one-year membership to the participants.

Business workshop series

In addition to our monthly Shumaker Chamber University programs, which are cutting-edge educational sessions from local experts on a diverse range of business topics, we will also be hosting a workshop series geared towards entrepreneurs starting in June.

The Sarasota Chamber is proud to partner with State College of Florida’s 26 West Center to present this upcoming series of workshops. Whether your business is up and running, just starting up, or still in the “idea phase,” these sessions led by industry experts from 26 West Center will equip you with best practices and actionable lessons to unleash your fullest growth potential.

Upcoming workshop sessions at the Greater Sarasota Chamber of Commerce, 1945 Fruitville Road:

Blueprint for Success: Crafting Your Business Plan workshop, Tuesday, June 4, 6-8 p.m.

Social Media Marketing for Small Business workshop, Tuesday, July 9, 6-8 p.m.

Boost Your Brand: AI Marketing for Small Business workshop, Tuesday, Aug. 6, 6-8 p.m.

Participants will have access to the SCF online learning management system for workshop materials during the workshop and for an additional two months after the conclusion of the workshop. Cost to attend: $45 for a single workshop, or $120 for the series. Visit web.sarasotachamber.com/events/Empowering-Entrepreneurs-Unleashing-Business-Growth-14869/details

On June 11, we will be offering a lunch meeting on Succession Planning that will focus on selling your business or having a plan for exiting your business. To learn more about any of the events and programs outlined in this article, please visit our website at sarasotachamber.com/events .

We look forward to doing everything we can to support those individuals who wish to venture into the realm of working for themselves and owning their own businesses.

Heather Kasten is president/CEO of the Greater Sarasota Chamber of Commerce and has served the organization since March 2019. She has a bachelor’s degree from the University of Iowa in business administration and an MBA from Webster University. Contact her at [email protected].

This article originally appeared on Sarasota Herald-Tribune: So you want to start a business in Sarasota? The Chamber of Commerce can help | Indicators