Universities often have ways of testing students' learning and understanding in the lecture room. But are there ways of taking learning beyond the classroom for Entrepreneurship students?
Yes! I have developed a module called Entrepreneurial Leadership - and the assessment is a reflective piece of writing based on an entrepreneurial project (they have to work on a group project to produce a board game). This is an experiential learning approach and works very well.
You could be radical. Get them to perform a play about a new start-up. Different students can play different roles, customers, suppliers bankers and the like.
It works much better than a business plan presentation and like Steven's suggestion it is experiential learning. You could ask other students to score the performance, but only as a pass or fail.