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<title>Member News</title>
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<pubDate>Wed, 3 Nov 2010 20:06:23 GMT</pubDate>
<copyright>Copyright &#xA9; 2010 National Association for Community College Entrepreneurship</copyright>
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<item>
<title>It’s About The Culture</title>
<link>http://www.nacce.com/news/news.asp?id=52030</link>
<guid>http://www.nacce.com/news/news.asp?id=52030</guid>
<description><![CDATA[<p><span style="font-size: 10pt; ">By Edwin R.
Massey, Ph.D., President<br></span><span style="font-size: small; ">Christina T. Hart, Ph.D., Vice President of Institutional Effectiveness<br></span><span style="font-size: small; ">Indian River State College, Ft. Pierce, Florida</span></p>

<p></p>

<p><span style="font-size: small;">Volumes
have been written about the structure and function of community colleges. Most
colleges are student-centered organizations that strive to address the
workforce needs of local communities. Organizationally, community colleges have
traditionally operated as bureaucracies relying on leadership hierarchy in
their functioning (Birnbaum, 1988; Levin, 1998). The traditional community
college model has resulted in the creation of hundreds of outstanding community
colleges across the country.<br>
<br>
For more than 40 years Indian River State College realized above average
performance as measured by conventional indicators. Aligned with the
traditional American community college model, the college experienced
significant success forming partnerships, addressing existing workforce needs,
and providing academic programs that transfer to upper-division institutions.
This model functioned well for many years, but with the onslaught of rapid-fire
changes in technology, globalization, external competition, enrollment growth
pressures, budget cuts, student demand for access, and changing demographics,
over time it became evident that a new way of doing business was warranted.</span></p>

<p><span style="font-size: small;">Community
colleges are entrepreneurial by nature and perfectly positioned to be the "go
to” centers for creative and innovative ideas. When a void is detected within
the community that is not going to be filled by traditional forms of education,
they respond. Light and nimble they embrace and welcome requests driven by a
sense of opportunity rather than seeing the barriers in every situation. This
enters into many things – opportunities in curriculum, high technology skills,
employee enrichment and development, altering the mission if necessary,
embracing opportunities to be more proactive not only to meet the current
needs, but to build the community for the future. Our communities now see us
not only as responders but as centers of creative thinking and innovation.</span></p>

<p></p>

<p><span style="font-size: small;">Indian
River realized that although we were a "good” college we had to determine if we
were good in a way that would stand the test of time. Was being "good” leading
us down the path of complacency? How long can we expect "good” to last when
we’re constantly bombarded by the Internet and all forms of technology? It
became obvious that the traditional model, although it served us well, had to
be adjusted or changed or we were going to miss opportunities in the future. In
hindsight it became clear – that it is not possible for our college to remain
relevant without periodic transformation.</span></p>

<p><span style="font-weight: bold; "><span style="font-size: small;">Moment of Decision</span></span></p>

<p><span style="font-size: small;">Following a
President’s Cabinet Retreat in December of 2000, the decision was made to
invest the time and energy necessary to revitalize our college to become a
creative, innovative, driving force within our community vs. a declining
casualty of the status quo. The changing world brought the realization that the
college could no longer resist change but needed to create a culture that would
embrace change to remain competitive. Going to the next level would involve
altering and re-inventing the institutional culture. Long term and difficult,
this would require a college-wide commitment.</span></p>

<p><span style="font-weight: bold; "><span style="font-size: small;">Realizing Results</span></span></p>

<p><span style="font-size: small;">Based on a
Great Colleges to Work For (GCTWF) survey of 42,000 employees of 277 colleges
nationwide by The Chronicle of Higher Education, IRSC placed on the "Honor
Roll” as one of the best colleges to work for in July 2010. With scores in the
top ten, among four-year colleges with over 10,000 students, IRSC received the
highest score of all the colleges of its size in all 15 categories. The IRSC
survey average was 86 percent, and the benchmark percent positive for
same-sized colleges was 78 percent. The IRSC survey return rate was 74 percent.
The other top ten institutions in the same category included University of
Notre Dame, University of Michigan, University of Mississippi, University of
Southern California, Georgia Institute of Technology and others.</span></p>

<p><span style="font-weight: bold; "><span style="font-size: small;">Lessons Learned</span></span></p>

<p><span style="font-size: small;">The culture
of a college is what matters most. If left alone the value of an organization’s
culture is always depreciating. Change is inevitable but it’s much better to
change from a position of strength when you’re able to choose to change vs.
changing from a position of weakness when forced to change. Change that is not
anchored in cultural change will prove to be just another "project” and will
fail to provide sustainable, long-lasting change. Cultural change requires a
long-term commitment to altering internal working relationships, attitudes, and
approaches to leverage organizational potential. Many change processes are met
with strong resistance because what’s viewed as changing is not only everyday
actions associated with organizational climate, but also strongly entrenched
anchors of security found in the culture (Sopow, 2007). Perhaps the best
indicator of cultural change is the level of resistance – when the existing
culture gets riled up and fights back that’s a good sign (Pritchett, 2002).</span></p>

<p><span style="font-size: small;">For
cultural changes to be embraced college-wide the effort must begin at the top.
Administrators and mid-managers will only become engaged in the process and
drive the effort deep into the institution if the president is leading the
charge. The role of the leader is to help the administrators and mid-managers
understand that their actions are the template of the culture. When they understand
this reality and how their actions expand to the masses, then a healthy culture
can be realized. The president and upper administration are the change agents –
they are the coaches and the communicators – to help employees understand that
they are in charge of the culture rather than a victim of the culture. We’ve
always had people in the college that could produce more but they didn’t
because of the administration. Upper administration and mid-managers were the
most difficult to "get on board.” They seemed to anticipate that the loss of
authority would be greater than the gains received.</span></p>

<p><span style="font-size: small;">Instinct
and intuition are powerful tools that cannot be ignored. Entrepreneurial
presidents are always looking for creative ways of doing things – listening to
that "still small voice” inside – always seeking and knowing that there is more
individual and organizational potential when leaders understand that a major
part of their job is to manage the culture. Colleges are surrounded with
opportunities to do things differently – through facility creation and
renovation, such as creating learning-style responsive facilities, using
technology and so on.</span></p>

<p><span style="font-size: small;">After
looking at several organizations that had "roadmaps” in the development of a
culture, we arrived at the decision that if our people design it and build it
they will own it – and the culture will truly be theirs. We developed our own
activities by analyzing results and listening carefully to employee feedback
along the way. "Leadership is critical to creating a climate on campus where
faculty and staff feel sufficiently secure to have ‘courageous conversations’
that allow them to question their ingrained practices and experiment with new
approaches” (Jenkins, 2008).</span></p>

<p><span style="font-size: small;">To change
the culture of an institution takes a long time, and consistent actions - you
don’t succeed until you reach the masses. When you reach the masses you
essentially generate a momentum of innovation that unleashes the right to be
innovative and creative. If you loosen the reins the people will perform in
exceptional ways and institutional progress and performance gets better and
better – this reality demonstrates that it truly is counterintuitive to free
people up to give their best. Employees "get to be” innovative and creative.
The culture will become institutionalized through processes. Changes must be
institutionalized and change must be embraced as a regular daily activity and
not something to fear. Acceptance of change is layered within the college. The
acceptance was easier at the lower level than at the upper level.</span></p>

<p><span style="font-size: small;">A rigid
organizational structure can be a major impediment for change. The past
traditional form of leadership led to a rigid structure that always won out
over creativity. Instead, we adopted a flat, open, integrated, administrative
structure that expects and encourages trans-disciplinary approaches; this has
led to advances in health science, public safety, energy and technologies
through the flexible structure that includes administrators, faculty and staff
working together to challenge the status quo. By shifting these conversations
to include the integration and blending of various disciplines, we released
creative and innovative ideas that allowed us to produce the workforce for
rapidly expanding emerging technologies.</span></p>

<p><span style="font-size: small;">The act of
accepting feedback is critical in driving change. A structured professional
process where anonymous feedback is offered and received in a constructive
manner has been the most provocative source of enlightenment for all involved.
Creating an open, honest, candid culture takes time. Mechanisms have to be
employed where the leadership learns the truth and that can be very painful.
Leaders cannot be sheltered from bad news and negative feedback. They must
receive feedback with the understanding that the employees who have a vested
interest in the college are providing feedback because they just want to make
the institution better.</span></p>

<p><span style="font-size: small;">In today’s
fast paced world it’s not enough to be reactive – you have to be proactive and
expect to play a major role in the emerging workforce. Entrepreneurial
institutions have to be proactive and exercise intelligent entrepreneurship.
Research based, futuristic planning, must be wrapped around the goals of your
state and community. Colleges must be present at the table to effect community
change and help make it happen instead of coming in after the fact. To attract
new and emerging businesses will require taking risks in some situations,
buildings, programs and facilities. Sensing this reality and living in an area
that was experiencing aggressive economic development these outside forces
propelled us to prepare and to anticipate what could impact our institution in
the years ahead. As your community changes you never really know what you’re
going to be called on to do. Examples:</span></p>

<p><span style="font-size: small;">In 2005 the
digital media industry did not exist within the community when Indian River State
College built a 106,000 sq. ft., $30 million, state-of-the-art Kight Center for
Emerging Technologies. Today, five years later, a film studio is under
construction for Digital Domain Production Co. with additional film companies
expected to follow. In 1996 the high technology, high simulation Health Science
Center was created and 11 years later attracted a branch of the Florida State
University Medical School, which was constructed adjacent to the Center. In
2006 the design was drafted to create a Leeds Certified Energy Institute years
before energy industries moved into the area. Today the Center for Innovation
and Entrepreneurship is coming out of the ground, attracting new partners such
as Oak Ridge National Laboratory and General Electric Co. with other new
industries moving into the area.</span></p>

<p><span style="font-size: small;">You must
invest in your people. At the same time we embarked on this cultural change we
also created a new program called the Employee Development Program (EDP).
Without EDP our cultural change efforts could not have moved forward. Offerings
are based on employee requests and respond to the needs of each and every
employee group.</span></p>

<p><span style="font-size: small;">The
potential was always within the college – but had been masked. By evaluating
our approaches, structure, planning, thinking and how we communicate, we were
able to bring out what was already there…and that was a tremendous amount of
hidden potential. The culture and the workplace must be designed to release all
the institutional talents and hidden potential to free people to be creative in
their thinking, acting and doing. Releasing the potential of the people is
about leadership.</span></p>

<p><span style="font-size: small;">To exceed
the expectations of the audience results in remarkable outcomes. To exceed
student, community, and state expectations – expectations in grant procurement,
curriculum development, college maintenance, administrative functioning, etc, –
is all driven by embedding high expectations in all things. The culture creates
a climate in which people want to do better and have higher expectations of
themselves, holding others accountable to the same standard.</span></p>

<p><span style="font-size: small;">Changes in
the workforce require more of an interdisciplinary approach with the
curriculum, family and work schedules demanding more access to distance
learning opportunities. The need exists to not only address existing workforce
skill needs but to challenge students to explore emerging needs, due to the
increasing proficiency requirements of existing and emerging workers.
Previously we did not challenge students to explore emerging skills. The old
model was functioning in a predictable environment, but with a new generation
of students who exhibit a whole array of learning styles we had to become more
proactive in driving our community, introducing our students to new topics that
will be critical to learn for the future.</span></p>

<p><span style="font-size: small;">With
cultural change an "abundance” mentality replaces the once held "scarcity”
mentality, adding to the prevailing spirit of collaboration on campus. When you
focus on success and the possible outcomes that result, abundance becomes a
lifestyle. Abundance is about high expectations and pride and tends to be very
apparent and pervasive throughout the college.</span></p>

<p></p>

<p><span style="font-size: small;">Third-party
validation, awards, winning facilities and programs, student successes and
unsolicited positive results such as being selected for the Great Colleges to
Work for Honor Roll all provide evidence that cultural change is worth the pain
and steadfast effort. The return on investment and tremendous outcomes
following the long journey and hard work make it all worthwhile.</span></p>

<p></p>

<p><span style="font-size: small;">References<br>
Bender, P. U., Hancocks, G. (2002). Gutfeeling. Achievement Group, Toronto.<br>
Birnbaum, R. (1988). The cybernetics of academic organization and leadership.<br>
San Francisco, CA: Jossey Bass Publishers<br>
Jenkins, D. (2008). Lessons: Lumina Foundation Report, winter edition. Lumina<br>
Foundation for Education, p. 31.<br>
Levin, J. S. (1998). Making sense of organizational change. In J. S. Levin
(Ed.), Organizational change in the community college: A ripple or a sea
change? (Summer 1998 ed., pp. 43-54). San Francisco:<br>
Jossey-Bass Publishers.<br>
Pritchett, P. (2002). The Employee Handbook for Shaping Corporate Culture.
Pritchett LLC.<br>
Sopow, E. (2007). The impact of culture and climate on change. Strategic HR<br>
Review; Volume 6 Issue 2, pp. 20-23.<br>
Mary Field’s Health Science Center (Main campus - Ft. Pierce, Fl)</span></p> ]]></description>
<pubDate>Wed, 3 Nov 2010 21:06:23 GMT</pubDate>
</item>
<item>
<title>Money Business</title>
<link>http://www.nacce.com/news/news.asp?id=52029</link>
<guid>http://www.nacce.com/news/news.asp?id=52029</guid>
<description><![CDATA[<p><span style="font-size: small;"><span style="font-family: Verdana;"><br style="font-size: 10pt; ">By Andr&eacute;
Taylor<br>Entrepreneur
and Author</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">There isn’t
an entrepreneur who doesn’t think about money, just about all the time. How do
I make money in this business? Will this new product make any money? Is this
product, service, marketing campaign (fill in the blank) worth the money?
Should I use my money for this or that?</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Entrepreneurs
recognize these familiar thoughts, yet when entrepreneurship is taught in
college classrooms, the fear, phobias, and uncertainty an entrepreneur
typically feels about money are rarely explored. In textbooks and lectures it
all seems quite simple. Money is borrowed, raised, invested, paid, counted, and
collected. It isn’t worried about. When a new entrepreneur feels the typical
entrepreneur money anxiety, has problems sleeping at night, and despite best
intentions can’t seem to pay Paul even after robbing Peter, the entrepreneur
often thinks, "This can’t be right,” or worse, "I’m a failure.”</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">But there’s
a secret to this money business…</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Until
goodwill is developed, market acceptance gained, systems are in place, and owner
and staff have the right mindset, money will be an issue. I’ve found what
entrepreneurs think about money and its link to the business early on will
positively or negatively define the business for years to come. With that in
mind, I have a few suggestions for educators wanting to help entrepreneurs win
the money game.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Lesson One:
Money and the Business</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Every
Entrepreneur Bootstraps – There is only one thing that makes a business. It’s
called a customer. No customer, no business. But many entrepreneurs are under
some notion that the business begins with tons of investment capital from
cheering throngs of investors. Even when there’s an angel investor, venture
capitalist, or other funder, there must be ample evidence the business is going
to succeed – hence the need to not waste time contemplating the ultimate
investor and get busy, going out and getting that customer. Tell your students
that selling something is what matters at the end of the day. The first money
lesson for a business is that customers matter. Many happy customers mean more
money. Learn this lesson and you’ll avoid big problems down the road.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Lesson Two:
Money and the Entrepreneur</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Invest in
Money Education – Few of us learned positive lessons about money growing up.
When an entrepreneur begins pursuing the business of making money full time,
they’re often dealing with conflicting thoughts about money. If you’re an
entrepreneur and you believe money is "hard to come by,” "doesn’t grow on
trees,” and that people who make lots of money are untrustworthy, or that money
is "not what matters,” you’re in trouble.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">You’re
probably going to have difficulty asking for money, asking for your price, and
going all out to get money into your company. You’re probably going to see
money as an "uphill battle.”</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Every
entrepreneur needs to examine and work on their money philosophy. Tell your
students they must learn money basics. Start with how to count – without a
calculator. Familiarity and comfort with numbers is key. Then tell them to give
time to understanding money psychologically. Successful entrepreneurs expect to
make money and don’t feel guilty about it.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Lesson
Three: Money and People</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Money Does
Buy You Love – A big problem for entrepreneurs is getting the right people on
board. In the early days you generally don’t have money to hire superstars, so
we roll the dice, try to inspire our workers with our plans, or simply pray for
the best. As entrepreneurs we need to get every cent out of what we spend on
people. But there’s a reality your students need to know.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Entrepreneurs
are always going to spend money on people who don’t stick around. Your staff
and vendors don’t care about "your vision,” or the opportunities coming. It’s
purely a money thing. If the road is hard early on, and it looks like money is
drying up, they’ll be shopping for another job on your dime. So your student
entrepreneurs must consider what they spend on people to be investments to help
them define their "system,” advance a specific project, or get over a hurdle.
Teach them not to get mad when the kid they’re grooming chooses to work
elsewhere. They simply must get somebody else. Entrepreneurs must learn that
"they’ll” love you only as long as you’re paying them.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">These
lessons are not tough. They’re not cruel. It’s simply business. A healthy attitude
about money is one of the most valuable assets for the entrepreneur.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Andr&eacute;
Taylor is an entrepreneur, consultant, and author of the book "You Can Still
Win!” He’s chief executive of Taylor Insight, a New York-based leadership
development firm, serving entrepreneurs and entrepreneurial companies.</span></span></p>]]></description>
<pubDate>Wed, 3 Nov 2010 21:05:42 GMT</pubDate>
</item>
<item>
<title>UK Enterprise Initiative Comes To The Usa – With NACCE’s Help!</title>
<link>http://www.nacce.com/news/news.asp?id=52028</link>
<guid>http://www.nacce.com/news/news.asp?id=52028</guid>
<description><![CDATA[<p><span style="font-size: small; "><span style="font-family: Verdana;"><br style="font-size: 10pt; "></span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">By Geoff
Pine<br>Principal
(President)<br>Greenwich
Community College, South East London, England</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">For over
four years the U.K. government has been providing funding for international
activity under a scheme sponsored by the Prime Minister – the Prime Minister’s
Initiative for International Education – or PMI for short. The overall aims of
PMI are to develop educational partnerships and encourage student (and staff)
mobility in the context of an increasingly global economy.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">In 2008
money was allocated to a project for partnership working in the United States.
This initial project involving four US colleges, was led by Greenwich Community
College in London and has made progress on developing articulation links
between Associate degrees in the USA and the UK’s new vocationally focused
Foundation degrees. Because of the success of this project, the PMI Board
agreed to set aside additional funding specifically to move forward on
partnerships between the U.K. and U.S. colleges with a focus on mutual learning
associated with Enterprise.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">In spring
2010 a contact seminar was held in Washington, D.C., organised by NACCE with
the support of the British Council and the Association of Colleges in the U.K.
The aim of this developmental seminar was to prepare the colleges to develop
joint bids that would fulfill the PMI funding criteria for this enterprise
related fund. A full report on the seminar can be found at www.NACCE.com, under
Program &amp; Events, Member Events.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Three bids
were successful and these will involve 10 colleges in the U.K. and 17 colleges
in the U.S.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">The
Greenwich bid will enable the creation of cross-Atlantic modules of study on
Entrepreneurship that can be appended to vocational curriculum in the U.K. and
the U.S. to enhance existing qualifications. The units will use online and
virtual study methods and enable colleges to develop future articulation of
U.S. Associate degrees and U.K. Foundation degrees. The project activity will
be related to the development of a common international curriculum, using
technology and thereby encouraging student mobility.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">With the
Westminster Kingsway bid teams from the colleges will participate in a
competition to develop either a new food product or process, based on local
farmed ingredients that may be either packaged or served on a plate. They will
collaborate via the Internet and social networking sites and will be mentored
by specialist tutors and industry professionals in both countries. The
competition culminates in a visit to the host country, featuring a week of
industry visits and trips, face-to-face collaboration between teams and a final
presentation to a ‘Dragons Den’ panel of judges.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">The
partners in the Anniesland bid will develop an International Passport to
Enterprise Skills (IPES). Project activities are focused on the scoping,
designing, production and mutual certification of the IPES. The IPES will
capture and collate indicative best practices, case-studies and methodologies;
contextualize entrepreneurship in a variety of scenarios (incl. Web-based
business opportunities), indicate the knowledge and understanding required in
entrepreneurship; profile and demonstrate entrepreneurial skills and attributes
in action; and indicate and exemplify possible performance criteria and
assessment strategies.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">For further
information, please contact Geoff Pine on <a href="mailto:geoffp@gcc.ac.uk">geoffp@gcc.ac.uk</a>
</span></span></p>

<p></p>

<p></p>

<p><span style="font-size: small; font-family: Verdana; "><br></span></p> ]]></description>
<pubDate>Wed, 3 Nov 2010 21:04:30 GMT</pubDate>
</item>
<item>
<title>First Course in Entrepreneurship Fundamentals, Part II</title>
<link>http://www.nacce.com/news/news.asp?id=52026</link>
<guid>http://www.nacce.com/news/news.asp?id=52026</guid>
<description><![CDATA[<p><span style="font-size: small;"><span style="font-family: Verdana;"><br style="font-size: 10pt; ">
By Alex Stewart<br>Coleman
Foundation Chair in Entrepreneurship<br>Marquette
University, Milwaukee, WI</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">In Part One
(Summer/Fall 2010 issue) we explored two of four early-stage competencies our
students need to appreciate and understand their entrepreneurial potential:
self-understanding, and awareness of the careers and development of real
entrepreneurs. In Part Two we explore the third and fourth competencies: a
sense of what venture would really work for them, and business-relevant
creativity. As in Part One, I will explain what I mean by these, why they are
critical, and how I attempt to develop them in the classroom. Here I also
consider the challenge you would face if you find in your class both students
needing work on these very preliminary competencies and others who are further
along the curve towards self-employment.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">Competency Three: Knowing what would
be real and fulfilling.</span></span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">The popular
business plan competition approach to teaching entrepreneurship can easily lead
to fancy-seeming exercises that have no prospect of launch. Rather, each
student should try to master a venture they really could launch before long.
Modest, even part-time ventures that are real will teach more than "high
potential” plans that are not.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Creating a
plan that is real, that has the level of detail that shows plausible potential,
takes a lot of motivation. This cannot come from class projects alone.
Moreover, the bigger opportunities for our students will not be learned in our
classrooms but rather in the markets. Our responsibility, I believe, is to help
them launch a venture that has a prospect of survival for long enough that they
can later discover their main chance once in the marketplace.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">How can
this be included in the same course? It can’t; that’s the role of a business
plan course that comes later in a program. However, in this early course they
should start to make the venture real with a simpler exercise. I have found
that Jim Horan’s (2004) One Page Business Plan book works really well (and with
practicing business owners as well as with students). However, it is as it says
only one page and therefore misses many crucial questions. For this reason, I
have written six sections (all starting with "C”) to add to the five from the
book. As a result, students write a two and a half page plan with the following
sections: Vision, Mission, Customers, Competitors, Capabilities, Commitments,
Objectives, Strategies, Channels, Plans, and Capital. This additional material,
with a note on how to integrate it with Horan’s material, may be downloaded
from the NACCE Web site.*</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">Competency Four: Business-relevant
creativity.</span></span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Two closely
related myths about entrepreneurs are that (1) they succeed because of novel or
highfalutin "ideas” and (2) they are especially "creative.” Perhaps there have
been a few such figures, but as generalizations these are myths that discourage
would-be entrepreneurs because they judge themselves wanting in both areas.
These myths also obscure the kind of creativity that actually is involved in
entrepreneurship. This creativity has the purpose of solving the many
challenges, large and small but generally small and operational, that vex any
venture. Therefore, exposing students to techniques for business creativity has
two benefits. It assures them that they, too, can be sufficiently creative. It
also helps with their individual venture plans and generates the kind of highly
specific concepts that help to transform their plans from vague speculations to
realistic prospects for action.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">How can we
teach students business-relevant creativity? There are many approaches that
work, but all approaches, I believe, should be based on efforts to solve
business challenges. At first these can be quite general, such as "what
business is right for me?” They are best if they are definite, specific
questions that arise in the entrepreneurial process and that the students truly
care to resolve. Examples might be "which of these locations is best?” or "how
can I cut labor costs for my lawn care crews?” Creativity techniques that are
removed from this foundation in practical concerns will seem too abstract and
air-fairy for business students. With this practical foundation, students
discover that they too can be much more creative than they expected. For this
reason, the focus on developing this fourth competency is best timed after some
progress has been made on the first three competencies.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Currently I
use a number of the exercises from Thinkertoys, a book by Michael Michalko
(2006). You would need to choose which ones to use based on the tolerance of
your class for "far out” techniques. Some are very conventional; for example, a
simplified form of scenario planning. Others are based on developing intuition;
some are very close to forms of meditation. (I point out that they’re also
close to forms of prayer.)</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">How can
this work be graded? It defeats the purpose to insist on immediate results from
each exercise. I require each student to complete the required exercises (for
which I give choices in which ones to choose), and for those that generated a
business solution, to indicate which challenges were at issue, what resolution
emerged and how. Some students generate many rather minor resolutions and some
generate one or two very large ones. Both can be valuable.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">A related
assignment that I have recently tried is to have students make portraits of
themselves and their ventures using any of two different media. I suggest many
options including paint, poetry, photos, collages, songs, and so on. Was there
pushback for such a not-business project? Some, yes. Did they end up enjoying
it? Definitely. For many it was the highlight of the course. Was it worth
doing? I think so but can’t say with much confidence as yet. I think this will
take time for alumni to give me their feedback.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">One
unexpected benefit of these assignments is that the best of them will work well
in a display of student projects that can be exhibited for other students and
entrepreneurial guests. To date the only such displays we have mounted have
been in our business plan competition. However, next April (lead times for
schedules being lengthy!) we will hold our first entrepreneurship fair to
highlight student works and to offer a chance for networking and mingling with
both other students and entrepreneurs.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">More advanced students in the same
class.</span></span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Ideally
this fundamentals class will have only early-stage students. Lately I have had
to accommodate some more seasoned students in the same course. You might face
the same challenge. My approach for my next iteration is to determine the level
of preparation at the outset and offer a different set of assignments to the
more experienced students. Instead of using Thinkertoys they will instead use
Business Model Creation (Osterwalder &amp; Pigneur, 2010). This is not because
they cannot gain from Thinkertoys; to the contrary they can gain the most.
However, their businesses stand to gain the most of all if they can innovate
with their models for making money – the point of Osterwalder and Pigneur’s
book.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Instead of
writing a personal essay and career plan they will work on a very specific
operational plan of use to their ventures. For example, they might work on an
HR handbook or a plan for using social media for promoting their business. The
materials they use will have to be tailored to the project but would be from
the field of small business management (such as Strauss, 2008). Finally, their
media project can be more specifically business-related, such as new logos, Web
pages, or advertising jingles. Some of the less experienced students might
campaign for this option as well. If you decide to include this assignment, you
can use your judgment but my suggestion is to compromise and let them do one of
two works in such a practical fashion. My experience has been that only the
more experienced entrepreneurs are able to do meaningful work of this sort.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Three
changes have been suggested for these more experienced students: work on a
specific operational plan instead of the self-assessment, creativity exercises
in the context of business models, and more applied artistry. As these new
changes to my teaching demonstrate, and as you no doubt know, we have to be
responsive and constantly innovate ourselves. I hope that other instructors
will have found in my two articles some ideas that can be adopted and adapted
for their particular student needs. I also hope that they will share their
experiences. I’d be glad to hear from you at alex.stewart@marquette.edu.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">*The
supplemental material is found at&nbsp;<a href="http://www.nacce.com/resource/resmgr/supplement_to_the_one_page_b.pdf" target="_blank">http://www.nacce.com/resource/resmgr/supplement_to_the_one_page_b.pdf</a>&nbsp;</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Resources</span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Horan, J.
2004. The One Page Business Plan for the Creative Entrepreneur. Berkeley, CA:
The One Page Business Plan Company.</span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Michalko,
M. 2006. Thinkertoys: A Handbook of Creative-Thinking Techniques, 2nd Ed..
Berkeley, CA: Ten Speed Press.</span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Osterwalder,
A., &amp; Pigneur, Y. 2010. Business Model Creation: A Handbook for
Visionaries, Game Changers, and Challengers. New York: Wiley.</span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Strauss, S.
D. 2008. The Small Business Bible, 2nd Ed. New York: Wiley.</span></span></p>]]></description>
<pubDate>Wed, 3 Nov 2010 21:02:45 GMT</pubDate>
</item>
<item>
<title>Young Entrepreneurs: Q &amp; A with Becky Zwickl</title>
<link>http://www.nacce.com/news/news.asp?id=52025</link>
<guid>http://www.nacce.com/news/news.asp?id=52025</guid>
<description><![CDATA[<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;"><br style="font-size: 10pt; "></span></span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">What
inspired you to start a spa?</span></span></span><span style="font-size: small;"><span style="font-family: Verdana;">
<br>
Following my passion. With my business management classes at WNCC I found an
inspiration to start my own business. I was one of the "pioneers” in Western
Nebraska to offer massage therapy and spa services.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">How
much capital did you have to raise to start your business?</span></span></span><span style="font-size: small;"><span style="font-family: Verdana;"><br>
I moved home from college with $70 to my name. It took three to four years of
hard work and growing pains to build the business collateral. My initial loan
of $10,000 was for my first building venture. The key was to build slowly and
not spend money I did not have or could not pay back at a worse case scenario.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">How
did you raise it? </span></span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Personal home equity
as well as equipment equity for my first building. For my second building I was
able to sell shares of my business stock to an investor. This took 10 years of
building a fiscally sound business and financial statements.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">What
do you think are the most important things community colleges can do to help
encourage and support young entrepreneurs? </span></span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Although WNCC did not
have an entrepreneurial program at the time I attended, they have since
incorporated E-ship courses for prospective entrepreneurs to learn everything
from business plans, marketing, management, capital investments, etc. I think
it is imperative that every aspiring entrepreneur participate in a program like
this before starting their business.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">What
do you know now that you wish you had known when you were starting your
business? </span></span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">As a spa owner, my
roles have changed drastically throughout my 10 years of operation. I never
thought I would be crediting my inexperience and blissful naïvet&eacute; as factors
leading to my success, but if I had known then what it was going to take to
make it in this industry, the fearful apprehension of failure would most
assuredly have deterred my journey. Looking back, I truly wouldn’t change a
thing. In an industry with overwhelming failure rates, my encounters with
devastation and set backs along the way could easily have led to my demise, but
it was times like these that were blessings in disguise. My moments of weakness
were when I found my true strength. In every adversity lies the seed of equal
or greater benefit. Working through challenges and difficult situations
provides us with the ability to recognize strengths, abilities and insights…and
more importantly, by resolving these issues, we find the greatest opportunity
for growth.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">What
advice would you give to a community college student who has no
entrepreneurship experience and wants to start a business?</span></span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Find your passion FIRST
and FOREMOST! Find an E-ship program through a community college before taking
the next step.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">What
do you think the key factors are that have helped you succeed?</span></span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Passion, commitment,
responsibility, and most importantly the ability to give back to the community.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">How
were you able to balance being a single mother with growing a successful
business?</span></span></span></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">It literally takes a
village. I preach to my employees that family MUST come first, and we all take
care of each other. I am so blessed to have my parents and sister close by as a
support system. My children are also an active part of my business during the
evenings when I have to go back. They have learned to help with tedious tasks
such as laundry, cleaning, organizing, etc. It is BECAUSE of my children that I
have the passion to continue. I want to teach them that you can achieve
anything no matter the obstacles. They are so proud of me and have never felt
neglected or ignored. This work ethic is something that will be instilled in
them when they are ready to follow their dreams some day. I am so blessed to
have both a career and family. The balance is an everyday commitment.</span></span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-size: small;"><span style="font-family: Verdana;">About
Columnist</span></span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Michael Simmons is
co-founder and CEO of the Extreme Entrepreneurship Tour (EET),
http://www.extremetour.org, and a past keynote speaker at NACCE. EET brings the
country’s top young entrepreneurs to college campuses to spread the
entrepreneurial mindset during a half-day conference. Started in 2006, the tour
has visited over 150 schools nation-wide. Michael’s organization also recently
launched the JourneyPage Virtual Business Incubator (<a href="http://www.journeypage.com/vbi">http://www.journeypage.com/vbi</a> ) and
the Virtual Speaker Series (<a href="http://www.virtualspeakerseries.org">http://www.virtualspeakerseries.org</a>
) to further help entrepreneurship programs.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Becky Zwickl started
her business, The Spa by TLC, while she was a student and a pregnant traveling
therapist in Gering, NE, population 7,500. Starting with $70 and growing the
business as a single parent, Becky now runs a company with three locations and
a full-time staff of 20. She graduated from Western Nebraska Community College
in 1997.</span></span></p> ]]></description>
<pubDate>Wed, 3 Nov 2010 20:55:24 GMT</pubDate>
</item>
<item>
<title>Accelerating Entrepreneurship Programming: a Model that Works</title>
<link>http://www.nacce.com/news/news.asp?id=52022</link>
<guid>http://www.nacce.com/news/news.asp?id=52022</guid>
<description><![CDATA[ <p><span style="font-size: 10pt; font-family: Verdana; ">By Donna Duffey<br>Professor &amp; Department Chair, Entrepreneurship<br>Johnson County Community College, Overland Park, KS</span></p><p><span style="font-family: Verdana; font-size: 10pt; ">This article traces the evolution of an entrepreneurship initiative that did not start well but has now achieved success after significant (and somewhat painful) analysis, and numerous "do-overs” and re-analysis. Since this program, we believe, is replicable on other campuses, we are happy to share with you the story of how our accelerated Business Plan Certificate program came into being.</span></p><p><span style="font-size: 10pt; font-family: Verdana; ">As early as 1994, when JCCC’s Associate of Applied Science (AAS) Entrepreneurship degree program was in its early years, the advisory committee recommended that we also obtain approval from the Kansas Board of Regents for a mini-version comprised of our key courses. The title was approved as "The Business Plan Certificate.” In the early years, that mini-certificate was 5 credit hours and was comprised of two courses. In 2000, a certificate modification was approved, making The Business Plan Certificate a 7-credit-hour certificate comprised of three courses: Introduction to Entrepreneurship (2 credit hours), Opportunity Analysis (2 credit hours) and FastTrac™ Business Plan (3 credit hours). This is the composition of the Business Plan Certificate today.</span></p><p><span style="font-weight: bold; "><span style="font-size: 10pt; font-family: Verdana; ">A Slow Start</span></span></p><p><span style="font-size: 10pt; font-family: Verdana; ">In the early years, marketing the Business Plan Certificate was a challenge faced by the entrepreneurship faculty team. Naively, we believed the answer was simply to plaster posters all over campus, casually visit a few colleagues across campus and, magically, students in many of our career programs would sign up for the Business Plan Certificate along with their other coursework. To say that no one chose to come to our party would be an understatement! I believe the records might show 10 students in about that many years. Our assessment was that we could certainly improve upon that!</span></p><p><span style="font-size: 10pt; font-family: Verdana; ">It became abundantly apparent that we needed our entrepreneurship programming vision to work synergistically in a significantly more organized fashion with the larger collegiate community. Our plan was to bring forth a new vision of providing an innovative solution to meet the demands of JCCC’s diverse student population who had aspirations of "being their own boss” after graduation. Thus, JCCC’s 25 Program-Specific Entrepreneurship Certificates were born. Developed in partnership with colleagues around campus who lead career programs, each program-specific entrepreneurship certificate is an additional curriculum "option.” Each of these certificates contained (at a minimum) the three courses included in the Business Plan Certificate.</span></p><p><span style="font-size: 10pt; font-family: Verdana; ">While we are proud of the 25 certificates that link to other programs, some programs do not yet have an established program-specific entrepreneurship certificate. Additionally, we did not have a strategy to attract students who were "undecided” regarding their degree intent. Of the greatest significance in our assessment analysis was that while we had the mechanism in place (the Business Plan Certificate), we were not using it to attract and serve the growing numbers of persons in our service area who need to "re-invent” their careers. Information we were receiving from the community was that they needed this training now; they were not going to take the required courses over several semesters.</span></p><p><span style="font-weight: bold; "><span style="font-size: 10pt; font-family: Verdana; ">Program Design</span></span></p><p><span style="font-size: 10pt; font-family: Verdana; ">During this time period (fall 2009), the dean’s council on campus was researching and planning several "accelerated” format offerings to answer community demands. Using the Business Plan Certificate marketed as an answer to "So You Need to Reinvent Yourself” combined with the accelerated format seemed to be the answer to the needs of displaced workers, soon-to-be displaced workers, underemployed persons, retirees needing to un-retire, boomers and returning veterans. Additionally, we discovered this format was attractive to alumni of JCCC career programs.</span></p><p><span style="font-size: 10pt; font-family: Verdana">We decided to use the "linked” learning community format and to accelerate the traditional time frames in which the individual courses had been offered. During the spring 2010 semester we offered our first section of the Business Plan Certificate taught in this format. We calculated the number of minutes required for each course and developed an 11-week offering held on consecutive Fridays from 8:00am – 5:00pm. The entire "package” of courses was also scheduled in the same classroom. It was offered (and promoted) to both credit and non-credit students; the cost was the same. The cost of the Business Plan Certificate was 7 credit hours times the credit hour rate (7 X $75/credit hour for in county students) or $525. Therefore, registrants had to commit 11 Fridays and $525. For their commitment, they could exit with the certificate and have enjoyed that learning experience with a single cohort of students who met on the same day, at the same time, and in the same classroom for the duration.</span></p><p><font-size: 10pt;="" font-family:="" verdana;="" "="">Introduction to Entrepreneurship was taught on the first three Fridays. Prior to the first Friday, the faculty member communicated with each student regarding preparation for the first class. Opportunity Analysis was taught in weeks four through six. During the afternoon of week three, the faculty member for Opportunity Analysis presented to the students the work that would need to be accomplished for the first class of the second course. FastTrac™ Business Plan took up the final five weeks of the program. During the afternoon of week six, the FastTrac™ Business Plan faculty member introduced the students to the work that would need to be accomplished prior to the first class period of the third course.</font-size:></p><p><font-size: 10pt;="" font-family:="" verdana;="" "="">We chose to staff each course with the Entrepreneurship team expert most familiar with each course as they had taught the course numerous times as stand-alone sections. Each faculty member had the same number of "seat minutes” to deliver the material as they did in their stand-alone sections. Neither course objectives nor assignments were compromised. Each course was graded separately and posted to the students’ transcripts separately.</font-size:></p><p><span style="font-weight: bold; "><font-size: 10pt;="" font-family:="" verdana;="" "="">Success!</font-size:></span></p><p><font-size: 10pt;="" font-family:="" verdana;="" "="">In the spring of 2010, we were thrilled when 12 credit students enrolled for our first offering of the Accelerated Business Plan Certificate. Unfortunately, I cannot report that all students completed the certificate, but most did. We conducted a student satisfaction survey designed specifically for this offering; included was a question asking how we might improve the program. Our faculty team studied their responses, their academic accomplishments and discussed at length our own observations. This assessment process led us to two significant improvements:</font-size:></p><p><font-size: 10pt;="" font-family:="" verdana;="" "="">The course has been expanded to cover an overall time frame of 14 weeks, which now includes three "weeks off” during the FastTrac™ Business Plan course. These weeks are strategically placed so as to allow students more time to complete homework in some of the more difficult and time consuming sections of the Business Plan. We had "listened to our customer” and created an accelerated offering; apparently we "accelerated” it a bit too much!</font-size:></p><p><font-size: 10pt;="" font-family:="" verdana;="" "="">We have designed much more "overt” methods of connecting information and assignments from the first two courses into the specific location in the Business Plan where the information is required. We have always "discussed” or "mentioned” these linkages; now we are making it more visual and more intentional.</font-size:></p><p><font-size: 10pt;="" font-family:="" verdana;="" "="">While still offering stand-alone sections of the three courses in the Business Plan Certificate, we proceeded to schedule the Business Plan Certificate – Accelerated Format for the fall 2010 semester, offering it on 11 Fridays from 8am-5pm over a 14-week time period. We had a "sell out” on this section offering, with 17 credit students and one non-credit student enrolled. Following JCCC’s assess, analyze, and adapt policy for academic outcomes assessment, we will continue to learn how to improve as we move this initiative forward to future semesters.</font-size:></p><p><font-size: 10pt;="" font-family:="" verdana;="" "="">Of the greatest significance in our assessment analysis was that while we had the mechanism in place (the Business Plan Certificate), we were not using it to attract and serve the growing numbers of persons in our service area who need to "re-invent” their careers.</font-size:></p><br><p>&nbsp;</p>]]></description>
<pubDate>Wed, 3 Nov 2010 20:42:38 GMT</pubDate>
</item>
<item>
<title>Entrepreneurial Intrapreneurship</title>
<link>http://www.nacce.com/news/news.asp?id=52021</link>
<guid>http://www.nacce.com/news/news.asp?id=52021</guid>
<description><![CDATA[<p></p>

<span style="font-family: Verdana;">By Mark Wehner<br>REEsults Coaching™

</span><p></p>

<span style="font-family: Verdana;">Since the times of
one-room schools to the marble halls of today’s higher education, success has
been measured by testing short-term memory. By and large, there have been few
changes. Most have perpetuated the myth that if you study hard and get good grades,
you will be able to get a job. If our collective business and entrepreneurial
curriculum truly worked, then why, according to the U.S. Small Business
Administration, do over 86 percent of small businesses fail every year? One
reason: We’ve taught them exactly "what” to do for over 100 years, not "how” to
do it.

</span><p></p>

<p><span style="font-family: Verdana;">The "what” has always
included goal setting, creation of a business plan, simulated situational
management, implementation and evaluation. Sadly, most have failed in the "how”
category. Why? Because "how” is not easily measured. "How’ includes terms like
belief, vision, coachability, persistence, and adaptability. Even though "how”
is hard to measure, it is critical to the success of the entrepreneur…or even
more so to the intrapreneurial business owner. Here is where your community
college can capitalize to fill the void created by conventional educational
offerings. It will require expanding your present level of entrepreneurship
programming and creating a new intrapreneurial culture, a new standard of
accomplishment that benefits both your community and your college.</span></p>

<p></p>

<span style="font-family: Verdana;">Expanding your present
entrepreneurship curriculum by attracting and/or developing innovative
intrapreneurship programs has multiple benefits for today’s forward thinking
community colleges. Community colleges benefit three ways by incorporating
strains of intrapreneurial DNA that parallel your present entrepreneurial areas
of study. The three specific benefits include, increased revenues from new
student enrollments, expanded value to "established” business markets in the
community; and positioning your community college as the leader for innovative,
productivity-based studies.

</span><p></p>

<p><span style="font-family: Verdana;">What is
intrapreneurship? REEsults Coaching defines "intrapreneurship” as adopting
entrepreneurial mindsets and methods while taking ownership of your role and
actions that benefit an organization.</span></p>

<p></p>

<p><span style="font-weight: bold; "><span style="font-family: Verdana;">The
Benefits</span></span></p>

<p></p>

<span style="font-family: Verdana;">First…increased
revenues. Are your willing to adapt your present entrepreneurship curriculum to
attract new students, including not only those unemployed or underemployed, but
those potential students – and maybe even past students – who are gainfully
employed with your community based businesses? Do the math. Calculate the
amount of net income per student over the past year. Once you know the monetary
value of each student, examine your present entrepreneurial curriculum and
decide if you have "something new” to offer.

</span><p></p>

<span style="font-family: Verdana;">That "something new”
would take them beyond business planning, simulators, trade skills, accounting
and human resource areas of study. That "something new” is intrapreneurship! It
has the potential to attract both past and new students, all adding to the
bottom line every time they invest or educationally reinvest in themselves. It
has been proven time and time again that it costs less to attract and retain
past customers (students) than it does to advertise and spend your marketing
dollars searching for new students. So, while you are spending money to find
the new students, you can tap a proven income stream by reengaging your past student
base with "something new!”

</span><p></p>

<p><span style="font-family: Verdana;">Second…expand your
community college’s value proposition to established businesses in your market.
Your business community may already be familiar with your entrepreneurship
programs. When you are willing to change your present entrepreneurial
perspective, you can create new markets that attract local businesses that want
their employees to adopt an intrapreneurial spirit by taking "ownership” of
their day-to-day work activities. This intrapreneurial change in your perspectives
can have a major positive impact on local businesses when you can demonstrate
your ability to get all of their employees on the same page. Through your
intrapreneurial coaching you can get every employee working together for the
mutual benefit of both the company and the individual. It has the power to
instantly create added value in your static entrepreneurship programming that
taught them "WHAT” to do to set-up their business. Now, by adding a dynamic
intrapreneurial course of study, you can coach them on exactly "HOW” to
succeed.</span></p>

<p></p>

<p><span style="font-family: Verdana;">Third…With the right
set of matched entrepreneurial and intrapreneurial survival skills, your
community college will position itself at the center of the economic
development universe for all those that are attracted and influenced by your
proactive educational benefits! Imagine a world where vision and experience are
more valuable than goals and objectives. This is the world of the entrepreneur.</span></p>

<p></p>

<p><span style="font-family: Verdana;">It’s time that
entrepreneurial educational institutions practice what they teach. Students
come to you with a dream…a dream to control their destiny. Imagine harnessing
that entrepreneurial energy, and channeling that energy back into your local
businesses in the form of highly motivated employees. It can increase
productivity, profits, and the perception that your community college was the
genesis of these increased benefits.</span></p>

<p></p>

<p><span style="font-family: Verdana;">Remember, it is what
we learn after we think we know it all that makes all the difference.</span></p>

<p></p>

<p><span style="font-family: Verdana;">NACCE partner Mark
Wehner can be reached at <a href="mailto:mark.wehner@reesultscoahing.com">mark.wehner@reesultscoahing.com</a>
</span></p>]]></description>
<pubDate>Wed, 3 Nov 2010 20:41:18 GMT</pubDate>
</item>
<item>
<title>Marketing on a Shoestring Part Three: Events as a Promotional Tool – Best Practices</title>
<link>http://www.nacce.com/news/news.asp?id=52020</link>
<guid>http://www.nacce.com/news/news.asp?id=52020</guid>
<description><![CDATA[<span style="font-size: small;"><span style="font-family: Verdana;"><br style="font-size: 10pt; "></span></span><p><span style="font-size: small;"><span style="font-family: Verdana;">By Melissa Crawford<br>Director of the
Scheinfeld Center for Entrepreneurship &amp; Innovation<br>Santa Barbara City
College, Santa Barbara, CA</span></span></p>

<p></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">The single most
powerful marketing tool for the Scheinfeld Center has been our Enlightened
Entrepreneurship Series. This program helps build awareness of our existence
and captures the attention of students and faculty and local small business
owners. Securing prominent speakers has helped us establish ourselves rather
quickly in the community. After only our third speaker, one college benefactor
expressed, "You now have a reputable speakers series!”</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Follow these steps to
help build awareness of your program or center through events:</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">1. Create an event to
complement other entrepreneurial activities in your community.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Brainstorm with your
staff and colleagues about what kind of event will serve your program and
community best. We have so many organizations that host entrepreneurial events
and speakers in our community that it was tough to find our own niche. We
decided not to compete with other organizations, and to instead gain their
support by offering complementary speakers. A speaker series that extracts the
entrepreneur’s "in-depth story” and give students unprecedented Q&amp;A access
to highly successful entrepreneurs serves our college and community best. Also,
I honestly do not have the time to be an event planner, so I only do one event
in the fall and one in the spring. This seems very manageable.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">2. Tap into your local
entrepreneurial community.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">I have yet to pay a
speaker fee. I have been able to hook speakers by convincing them that it is
the duty of local entrepreneurs to give back to the community by sharing an
evening with community college students. This keeps our event costs to almost
nothing. Our local speakers have included Wayne Rosing (former head of
Engineering at Google), Pamela Lopker (founder of QAD), and Doug Otto (founder
of Deckers Outdoor). Each of these speakers saw the benefit of sharing their
experiences with our students, for free.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">3. Build a simple
event around one speaker.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Most speakers are
honored to receive an invitation to speak, especially if we focus the entire
event on them. This gives the college an opportunity to extract in-depth
material and stories from the entrepreneur. We generally have a two-hour
commitment from the entrepreneur, and spend 1.5 hours moderating a conversation
with Q&amp;A. At the end is a short networking reception, sometimes with free
food!</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">4. Make your event
student centered.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">I have to credit the
lasting and successful format of our series to our inaugural speaker, Yvon
Chouinard, founder of Patagonia, the well-known retailer. First, he was wholly
uninterested in lecturing. He requested a small venue with 150 students or less
in attendance, and wanted to do a Q&amp;A format. He had just released his now
famous book, Let My People Go Surfing, the Education of a Reluctant
Businessman. He was willing to do a book signing. So I built the event around
his requests. We had standing room only, and spent an incredible hour listening
to his journey from a young and radical rock climber, completely uninterested
in formal education, to building a company that blurs the line between work,
play and family, and focuses on repairing the planet.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">5. Record your event
for future marketing.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Creating a library of
your events gradually builds credibility and is a very useful marketing tool.
Video recordings work best. Upload these to a "Video Library” page on your Web
site, create a YouTube channel for your program, and hand out DVDs at tabling
events. People can visit the Web site and view the event if they were unable to
attend. In addition, we use our local SBCC channel to record the event and then
it is broadcast for free on the local TV channel for several months. I am
always surprised to hear from random people that they saw my event on TV. We
definitely don’t get prime time – but this has proven to be valuable exposure.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">6. Use free open
source event registration tools.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">We use EventBrite. It
allows for very user-friendly and easy registration for students and the
community, collects e-mail addresses for future marketing, and is free as long
as your event is free.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">7. Collaborate with
other departments.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">Our speaker series has
received the attention of other departments. For example, when the former head
of engineering at Google spoke, he captured the attention of our science and
engineering departments. Mr. Rosing is currently building a telescope network
with a team of astrophysicists. With my help, the other departments invited him
back to speak about his amazing new project. We had an incredible second event,
have created internship opportunities and one of our astronomy professors will
be doing an externship at Mr. Rosing’s lab.</span></span></p>

<p></p>

<p><span style="font-size: small;"><span style="font-family: Verdana;">As you begin to create
and offer events, you never know where it may lead. But one thing is certain,
you will build awareness of your program.</span></span></p>

<p></p>

<p></p>]]></description>
<pubDate>Wed, 3 Nov 2010 20:40:19 GMT</pubDate>
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<title>More Guidance From Kauffman Foundation On That Elusive Job Creation Goal</title>
<link>http://www.nacce.com/news/news.asp?id=53597</link>
<guid>http://www.nacce.com/news/news.asp?id=53597</guid>
<description><![CDATA[<p><span style="font-size: 10pt; font-family: Verdana; ">By Tom Tankersley, Grants Coordinator;</span></p><p><span style="font-size: small;">April Robinson, Assistant to the Dean of Academic Affairs and Felix Haynes, President<br>Hillsborough Community College, Plant City Campus</span></p><p></p><p><span style="font-size: small;">In the autumn of 2010, we mark the second anniversary of some very high-profile events that sounded the alarm on what many have named the "Great Recession” and that have shaped our economy over the last few years. During the first week of September 2008 we witnessed the seizure of Fannie Mae and Freddie Mac by the federal government as the subprime mortgage market began to crumble. By the middle of the month it was announced that Bank of America had acquired Merrill Lynch and that Lehman Brothers, like its rival Bear Stearns, was declaring bankruptcy. In the third week the U.S. government loaned $85 billion to AIG and announced its massive economic bailout plan. And on September 29, the Dow Jones Industrial Average suffered its largest one-day decline in history, 777 points. With apologies to T.S. Eliot, perhaps September is the cruelest month.</span></p><p></p><p><span style="font-size: small;">Two years removed from those stunning economic events we now know that the causes of this recession began much earlier, the impact has been worse than expected, and the effects have lasted longer than many anticipated. A July 30, 2010, revision by the Commerce Department showed household spending fell 1.2% in 2009, twice as much as previously projected and the sharpest decline since 1942. Furthermore, economic activity, according to the Bureau of Economic Analysis, appears to have declined by 4.1% from its peak in 2007 to the beginning of 2009 – a downturn in Gross Domestic Product not observed since the late 1950s. Couple such dreary statistics with foreclosure filings still spiraling and a high national unemployment rate that refuses to budge, and it’s no wonder that many believe the economic recovery has stalled.</span></p><p></p><p><span style="font-size: small;">If the stagnation of the recovery can be seen in these data, then its cause may be found in one simple word – jobs. An economy driven by consumer spending cannot recover with an unemployment rate of 9.5%, representing more than 14.6 million workers according to the Bureau of Labor Statistics (BLS). Foreclosures rates cannot subside when, again according to the BLS, 8.5 million Americans as of July 2010 can only find part-time jobs.</span></p><p></p><p><span style="font-size: small;"><span style="font-weight: bold;">In Search of a Miracle Cure</span></span></p><p></p><p><span style="font-size: small;">Job creation has been the miracle cure eluding policy wonks and government bureaucrats as they attempt to cure this ailing economy. A recent study by the Ewing Marion Kauffman Foundation presents data that shows healing the economy through job growth should focus on start-ups. The study, relying on data from the U.S. Census Bureau, found that between 1977 and 2005 new businesses (those in operation for less than 1 year) added an average of 3 million jobs annually to the economy, as established businesses during the same time period actually shed an average of a million jobs per year. Robert E. Litan, vice president of Research and Policy at the Kauffman Foundation, says, "These findings imply that America should be thinking differently about the standard employment policy paradigm,” and added, "Growth would be best boosted by supporting start-up firms.”</span></p><p></p><p><span style="font-size: small;">America’s community colleges are in a prime position to support fledgling businesses as they have been recognized for decades as a gateway to post-secondary education for many low income, minority, and first-generation postsecondary education students. Now, more than ever, community colleges can serve as a catalyst for job creation through entrepreneurship and business development programs.</span></p><p></p><p><span style="font-size: small;">According to the American Association of Community Colleges, the average age of a community college student is 29. Institutionally, community colleges possess the experience and resources necessary to train and educate adult students. Moreover, as the price of postsecondary degrees rises, many four-year business degrees have become cost-prohibitive as students can ill afford to invest the money or remove themselves from the job market for four years as a full-time student. Through associate degree and college certificate programs students have the ability to save both financial resources and time, as they prepare to start small businesses.</span></p><p></p><p><span style="font-size: small;">Education as an economic engine is not a new idea. For years academic and business leaders have advocated higher education as a primary avenue to a successful career for the individual and a stable economy for the nation. Recent emphasis has been placed on STEM (Science, Technology, Engineering, and Math) focused careers and for good reason. But just as training tomorrow’s scientists and engineers is crucial to America’s future economic prosperity, so is training its entrepreneurs. The Kauffman Foundation’s study indicates that job growth occurs in the U.S. economy primarily through entrepreneurial activity, with the most consistent source of new jobs coming from small businesses in their first year of operation.</span></p><p></p><p><span style="font-size: small;">We have long known that small business creates 60 to 80 percent of new jobs every year. Kauffman has further identified which small businesses should receive credit for that amazing feat. Those who are serious about solving this recession should go to school on Kauffman’s findings.</span></p><p></p><p><span style="font-size: small;"><br></span></p>]]></description>
<pubDate>Wed, 3 Nov 2010 14:41:09 GMT</pubDate>
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