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Entrepreneurship 101: Who is Your Customer

Entrepreneurship can be learned. Begin your journey by learning the first important skill for aspiring entrepreneurs.

Entrepreneurship 101: Who is Your Customer

Entrepreneurship can be learned. Begin your journey by learning the first important skill for aspiring entrepreneurs.

What separates an idea from a business?

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A paying customer.

And this is where we want to take you in this course. From there you’ll begin growing your group of target customers. This will set in motion your flywheel toward an impactful enterprise.

Yes, entrepreneurship is a creative process – this is what makes it fun. But a methodical approach is necessary for it to work. And it is this combination of creativity and discipline that you’ll begin learning in this course. Specifically, upon completion of Entrepreneurship 101, you’ll have the skills to:

  • Conduct Market Segmentation
  • Select your Beachhead Market
  • Develop End User Profiles
  • Calculate your Total Addressable Market Size
  • Understand your Customer Persona

Entrepreneurship 101 is based on case studies of MIT startup companies and their founders. Through them you’ll get exposed to innovations in mobile apps, 3D printing, power electronics, international development, watchmaking, and more. In the process you will learn how to interview potential customers, understand the crucial difference between top-down and bottom-up market analysis, and develop a strategic framework for deciding what markets to pursue for your product or service.

This course is particularly useful for:

  • Corporate entrepreneurs building a new product line;
  • Scientists and engineers commercializing new technologies
  • Entrepreneurship educators and policymakers.

Entrepreneurship 101 prepares you for an MIT Bootcamp. Start learning the skills to succeed in that program.

What you'll learn

  • Primary Customer Research
  • Bottom-Up Market Analysis
  • Market Segmentation
  • Beachhead Market Analysis
  • Development of End User Profile
  • Profiling of Customer Persona
  • Estimation of Total Addressable Market Size

Prerequisites

None

Meet your instructors

  • Featured image for Bill Aulet
    Managing Director of the Martin Trust Center for MIT Entrepreneurship and Professor of the Practice at the MIT Sloan School of Management
  • Featured image for Erdin Beshimov
    Lecturer at MIT and Founder of MIT Bootcamps

Who can take this course?

Because of U.S. Office of Foreign Assets Control (OFAC) restrictions and other U.S. federal regulations, learners residing in one or more of the following countries or regions will not be able to register for this course: Iran, Cuba, Syria, North Korea and the Crimea, Donetsk People's Republic and Luhansk People's Republic regions of Ukraine.