Running a business is much different than obtaining a degree. It’s for this reason that the University of Connecticut is doing what it can for potential entrepreneurs that also have degrees in engineering.

A program has been put together by the managing director of a private investment firm. This same individual has also put together similar seminars for individuals graduating from Harvard Business School. These particular programs are aimed at helping local economies like those in Connecticut by promoting new ideas and entrepreneurship.

Individuals often have some very particular skills that could be in great demand, but these individuals simply do not know how to market themselves. The actual running of a business, however, is much more difficult than the typical classroom setting. Startup businesses include the need of raising capital and obtaining financing.

Securing intellectual property protection, evaluating business opportunities or even dealing with potential labor issues become a matter of great urgency when one’s own money and property is at stake. Though entrepreneurs can often create their own business plans, they often need someone to analyze these plans and determine whether the venture is actually viable. It’s better to understand in advance problems that may come along when pursuing a new opportunity than to only find this out when an entire life savings has been invested.

It’s always helpful to remain in contact with an attorney that actually understands federal and state business regulations, shareholder disputes, various contract issues and other matters surrounding business, business start-up, entrepreneurship and business disputes that may result in litigation.

Source: UConn Today, “UConn Engineers Train for New Business Creation,” by Colin Poitras and Nan Cooper, Feb. 13, 2013

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