We talked about entrepreneurship when we introduced the four factors of production. This is a word that refers to the act of starting a business. But what kinds of business can one start? Does one have to do this alone, or can it be done with friends? If multiple people are involved, what are the logistics and legal implications? Let’s get a little introduction into sole proprietorships, partnerships of various types, and franchises.

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MIT 15.390 New Enterprises, Fall 2013
View the complete course: http://ocw.mit.edu/15-390F13
Instructor: Bill Aulet

Discussion of the six key myths around entrepreneurship, such as “Entrepreneurs are undisciplined,” “Entrepreneurs are all about charisma,” and more. Uncover key myths about entrepreneurship that after often not just untrue, but also unproductive.

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