Now in Entrepreneurship
A Company with a Global Vision
Andrew Mang, a recent graduate of Duke with a degree in mechanical engineering and economics, takes us through how he combined these two areas to form his company Aswanet, focused on providing water to developing countries.
Accepting venture capital funds comes with some risks. Entrepreneurs can lose ideas to competitors. They can also lose control of their ideas. Professor Joel West says that though it's hard to mitigate these risks, there are steps to take to reduce them as much as possible.
The business skills that it takes to be a successful entrepreneur—as well as the mindset—are especially beneficial to engineers in this global economy. These include accounting, leadership, international relations, quality management, communication skills, and research.