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Inspiring & Engaging Student Trep

Posted By Karen-Michelle Mirko, Monday, November 18, 2013

Excited to live blog

Presenter: Felecia Hatcher, Chief Popsicle Officer, Feverish Popsicle & Gourmet Ice Cream

I need to get the video for Felecia's talk. Too many good things (and laughs!)  to type.

 

Big "Ah Has" 

  • She got $120K+ in scholarships as a C student. Yup, C.
  • She used her college assets - dorm phone, copy machine - to launch her first business.
  • Her mom, who said she had to go to college, also said she should start a business based on work she was doing without charging. As a mom myself, I tend to focus on being an employee. Shame on me, I know. 
  • You cannot take passion to the bank to pay your bills.
  • Dad told her not to "take a break" from a business even though she was in debt and had a lucrative presenter gig lined up. Parents are Influencers.
  • More people need to share their stories of failure. The myth is that it is a straight line to $3 billion buyout. In truth, there are a lot of ups and down and not always a buy out.
  • "Adversity" - double job layoff for husband and wife founder team - helped then launch their business.
  • Lots of stories about "Bird in the Hand" - "We used what we had."
  • Entrepreneurs are scrappy. 40 year old truck for catering event broke down, so they towed it to the site and then when it broke down again, they pushed the truck to the site.
  • When she work at large firms, she made to sure to learn from those firms their best practices that she could apply to her company.

Tags:  Miami Dade College; Regional Summit 

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Teaching Entrepreneurship Across the Disciplines

Posted By Karen-Michelle Mirko, Monday, November 18, 2013

Exciting to be live blogging from NACCE Miami Dade College Summit

 

Presenters:

  • Prof. Isabel Del-Pino-Allen, English & Communications, Miami Dade College, North Campus
  • Prof. Zulfikar Kalam, Criminal Justice, Miami Dade College, North Campus
  • James Van Voris, School of Entertainment & Design Technology, Producer
  • Prof. Kim Simon, Business Administration, Madisonville Community College, NACCE Faculty Ambassador for HP LIFE

 How can we integrate entrepreneurship across the curriculum?

  • Need to remember it is not a one day conversation but a ongoing process. We need to change the culture to be entrepreneurial.
  • Remember entrepreneurship is as different as the people that create it. Diversity must be paid attention to. (Amen!)
  • Create a mindset so that entrepreneurship is not "out there" but internalized.
  • Many students are already entrepreneurial because they are self-employed. These students sometimes view being self-employed not as important as having a Corporate job. This mindset has to change.
  • Entrepreneurship education is like stretching. It feels good when get started but settle into our habitual sedentary way. However, in entrepreneurship education, we need to stand up and keep stretching. 
  • Problem based learning helps students how they can pivot themselves in their careers and also be intrapreneurs in their jobs.
  • Immigrants can be the most entrepreneurial since they needed to be entrepreneurial to make a living.
  • Remember students in welding, entertainment technology will most likely start a business. They need to be equipped to be successful and profitable.


Tags:  Miami Dade College; Regional Summit 

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Redefining Entrepreneurship

Posted By Karen-Michelle Mirko, Monday, November 18, 2013

Excited to be live blogging from NACCE Miami Dade College Summit

Trep=Entrepreneur


Presenter: Gary Schoeniger, Co-Creator "Who Owns the Ice House"

 

How do we define entrepreneurship?

In the past we ignored the entrepreneurs and their talents, we focused on The Company. Then we focused on the charismatic start up leaders. But today net new jobs are created outside of large companies. So we know about large companies, small business management but do not know about entrepreneurial process.

 

How are we teaching?

  • Plan & Pitch with tech focus but the problem is that a fraction of 1% are funded by VCs.
  • Small Business Management as running a company but entrepreneurship is not management. Assumes trep has customers with traction.

Entrepreneurial Study on the Reality of the Founding of Fortune 500 Firms

  • Did not have break through technology
  • Little formal planning
  • Ad hoc market research
  • Start up capital of $10k or less
  • Little or no experience in chosen field (BIG Surprise to me.)

 

What path do these "scrappy" Fortune 500 founders take?

  • They connect with their environment by creating something useful. (Transformation Theory changes within a system - Search, Growth and Obsolescence (from Ted Talk on "How are Schools are Killing Creativity)).  Solve other people's problems.
  • Once founders get traction (people are buying what you are selling), they replicate success, improve continually and create compliance.
  • Once environment changes in ways that are outside of our control, the growth starts to slow. Change may be met by entrenched systems. Founders pivot based on external changes and grow or perish.
  • Because of growth phase, there is capital to fund new ideas. However,  may be hesitant to make big bold bets. May acquire growth, not create internally. 

Entrepreneurship = Opportunity Discovery! (Amen)

 

Gary presents on Who Owns the Ice House?"


 

 


Tags:  Miami Dade College; Regional Summit 

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How Is Entrepreneurship a Tool to Build Community?

Posted By Karen-Michelle Mirko, Monday, November 18, 2013

Excited to live blogging from the Miami Dade College NACCE Summit

 

Presenter:

  • Matt Haggman, Program Director, John S. and James L. Knight Foundation

 

How Is Entrepreneurship a Tool to Build Community? 

'Our mission to to understand and deliver on how do you connect and support entrepreneurship - doers, makers, entrepreneurs of ALL Kinds. The bet was that if you did it well, it would result in greater community engagement, empowered problem solvers, and retention of local.'

 

Miami is the perfect place to grow an trep ecosystem

  • Strong diversity
  • Very fluid - new people coming into a new places means new ideas come in
  • Significant wealth
  • Strong creative community which feeds trep ecosystem
  • Strong educational system

Some challenges

  • Bureaucracy 
  • Many startups but need more scale ups, to show success

Knight's Ideas on Growing Ecosystems

  • Create networks, not hierarchies 
  • Conduct experiments before you scale
  • Do not reinvent, when you can import
  • Create opportunities for shared learning - 2,000 people at Maker Faer, 8,000 members of MeetUp

How do you measure success?

We are learning as we are going but here are the current measurements.

  • Measure participation and engagement
  • New ideas created that are validated by investment
  • Retain young talent in the city

 

Tags:  Miami Dade College; Regional Summit 

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