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<title>Member News</title>
<link>http://www.nacce.com/news/default.asp</link>
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<lastBuildDate>Fri, 24 May 2013 12:02:56 GMT</lastBuildDate>
<pubDate>Mon, 7 Feb 2011 17:15:41 GMT</pubDate>
<copyright>Copyright &#xA9; 2011 National Association for Community College Entrepreneurship</copyright>
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<title>A New Path for Dislocated Workers: DOL Grants: Opportunity Knocks For Entrepreneurship Education</title>
<link>http://www.nacce.com/news/news.asp?id=58194</link>
<guid>http://www.nacce.com/news/news.asp?id=58194</guid>
<description><![CDATA[<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Across the country,community colleges are hard at work figuring out how to take advantage of the U.S. Department of Labor's intention to grant $2 billion to support programs that will help dislocated workers – those who have lost a job or are at risk of losing a job due to foreign trade – retool their skills and credentials. Through the Trade Adjustment Assistance Act Community College Capacity Building Grants (TAACCG), the DOL will parcel out $500 million annually through 2014, with grant applications for 2011 due April 21. Of special interest to NACCE members, entrepreneurship education is one of the areas in which the DOL is encouraging applications.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"It is very exciting to have the DOL include entrepreneurship as one of its funding priorities,” said NACCE Executive Director Heather Van Sickle. "The notion of creating your own job instead of taking a job is attractive to many dislocated workers, especially if they have been through this experience before. Dislocated workers have considerable work experience that positions them to create their own jobs, either as solopreneurs or as small business owners. They can use this time out of work as an opportunity to gain the skills they need to succeed in that arena. We are certain NACCE members can compete effectively for these grants. Many excellent entrepreneurship programs are already in place that can be expanded and replicated on other campuses, and they have the know-how to develop new programs if they receive the necessary funding.”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">According to NACCE Board member Wayne Swann, an entrepreneur who is also an adjunct at Howard Community College in Maryland, dislocated workers are a population community colleges are already serving, including providing skills and advice that will lead to new business creation. "At community colleges you have younger students who want to learn about entrepreneurship and who may use those skills sometime down the road,” he said, "but you also have a large number of older students who are actually going out and starting a company now; they need the concepts of entrepreneurship in real time.”</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Think Outside the Box</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Individual grants will be from $2.5 to $5 million while consortiums of two or more colleges are eligible to receive up to $20 million. Every state will get at least one grant. There is no obligation to obtain matching funds, but since the funding is only for four years, building program sustainability beyond that time frame is being emphasized. Evaluation is a major piece of the program; the DOL intends to make public data regarding outcomes such as enrollment, retention, and completion of programs and jobs or businesses created.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">NACCE staff and board members have spoken with DOL Assistant Secretary for Employment and Training Jane Oates to obtain information about the program. According to Oates, "Few people would disagree when I say that community colleges in particular have been hard hit by state budget constraints over the last 10 years, and therefore their ability to think outside the box and to modernize existing programs has been severely limited. Our hope is that community colleges will say, ‘This is what we would do if money weren't an object,' and pursue this with these grants.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"In terms of entrepreneurship course work, this is a great opportunity to put all your courses related to starting a business together as a credential,” Oates added. "I think someone who is starting their own business may know they need a course in marketing or finance, but they have no idea what else they need because they have a targeted skill but have probably not owned their own business before. The number of businesses that fail early on is reason enough for me to think that community colleges should make their program for business owners or new business owners much more transparent.”</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Community Partnerships Essential</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">As part of its effort to help community colleges become more customer-centric, the DOL requires each grant request to include a community partner that is helping the school identify and address the needs of their community or region. "Community colleges applying on their own will be non-responsive,” explained Oates. "They have to have a business partner, and in many cases this will be a local company. But since entrepreneurial training doesn't lend itself to partnering with a specific business, they will have to think outside the box. They could partner with the chamber of commerce or the EDC, for example. In the past community colleges have written curriculum by themselves, but this grant is saying that's not going to work any more; you have to write the curriculum with experts in that field – those business people who know what it takes and are, in the best case scenario, helping you rewrite your program to meet today's needs in your community.”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">As an example of identifying and responding to community needs, NACCE Board member Cem Erdem, the entrepreneur who heads Augusoft, Inc., has founded Project Skyway in his hometown of Minneapolis, MN. This tech accelerator program, which is described in-depth in an article on page 21, will address the problem Minnesota has in creating new companies. "We are fifth from the bottom in the nation when it comes to entrepreneurial activity,” said Erdem. "We have the intellectual capacity, but that is not generating new companies. There is no seed capital going to companies here. Project Skyway will help students coming from community colleges build their investor skills and prepare them to seek early stage investment.”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Erdem is actively seeking to partner with community colleges to bring Project Skyway to other cities around the country; he believes his initiative would serve as a good community partner for a college or consortium of colleges hoping to obtain DOL grants. "If there are other areas in the country that are weak in entrepreneurial activity like our state is, we have a framework they can connect to,” he said.</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Don't Miss This!</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">NACCE is also interested in serving as a resource for members in regard to the TAACCG program. "We welcome the opportunity to discuss with members how NACCE can assist you in fulfilling the requirements of these grants,” said Van Sickle. "Given our large membership base focused on entrepreneurship, we have the capability to connect colleges as they form consortiums and seek to build a portion of their request to build their capacity for entrepreneurship education. This is a tremendous opportunity for community colleges, and we are committed to doing everything possible to help members put together successful grant proposals.”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Finally, as Erdem put it, "This is a chance to build your entrepreneurship program; don't miss it!”</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">NACCE's Assistance</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">NACCE has receiveda number of inquiries on what types of entrepreneurial activities are being undertaken by community colleges and what NACCE's role might be in this regard. NACCE is happy to facilitate the discussion and assist in matching schools with an interest in exploring the entrepreneurship training as a portion of their overall grant strategy. If you are planning on incorporating entrepreneurship into your grant request, please let us know and we will build a repository of this information to share with our members. In addition, NACCE offers the following:</SPAN></P>
<UL type=disc>
<LI><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">NACCE will have available in February the first booklet of an ongoing series showcasing effective practices for community colleges embracing entrepreneurship as a career pathway. The focus is to improve the competency of colleges in offering entrepreneurship, and thus improving college programs. </SPAN>
<LI><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">NACCE's vision is to have all community colleges offering entrepreneurship throughout the college including bridging the gap between credit and non-credit sides of the campus. NACCE encourages all community colleges to think about building their capacity to provide both the skills needed for the job and the ability to know how to create a job if one cannot be found. Entrepreneurial skills will serve this population well no matter the outcome: an employee or potential employer. </SPAN>
<LI><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">NACCE may serve as a national advisor/promoter/disseminator of information and/or evaluator of unique entrepreneurship programs that have the potential to be implemented nationwide.</SPAN></LI></UL>]]></description>
<pubDate>Mon, 7 Feb 2011 18:15:41 GMT</pubDate>
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<title>What&apos;s Your Entrepreneurship Index?</title>
<link>http://www.nacce.com/news/news.asp?id=58193</link>
<guid>http://www.nacce.com/news/news.asp?id=58193</guid>
<description><![CDATA[<SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">
<DIV>By Andr&eacute; Taylor, Entrepreneur and Author</DIV></SPAN>
<P><BR><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">We were gathered around a table talking about the spotlight on community colleges in this sputtering economy. I was among a group of business people who had heard all the "noise” about community colleges. Everyone seemed quite informed. There were anecdotes about attention from the White House and banter about the perceived impact on economic vitality, continuing education, workforce development, and, near and dear to my heart, entrepreneurship. Just about everyone had heard about the initiative to assist 10,000 small businesses by a Wall Street financial powerhouse. But missing in these conversations was the detail.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt; FONT-WEIGHT: bold">How many businesses are really being created at the community level? Is it really getting done?</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">It isn't much different when community college officials speak. I hear educators and administrators talk about the progress and success of their entrepreneurship programs in starkly different ways. Some are pleased to get one course off the ground. Others are proud to have launched an incubator. A few have programs providing entrepreneurship education in name, but, in reality, little gets done.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The question: What should the outcome of entrepreneurship courses at community colleges be? Should they create new businesses? Should they merely inform students about the rewards and perils of entrepreneurship? Should they serve to eliminate entrepreneurship as an option for those unsuited for such a career? My vote? Community colleges should be the catalyst for new businesses across the country. They should spark the growth and turnaround of existing businesses. And we should have a national index to track it.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Results Matter</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">It's too easy to allow the results of entrepreneurship education to go unmeasured. The danger of creating programs that do not produce successful businesses is lethal to the entrepreneurship movement at community colleges. Students, faculty, administrators, presidents, and trustees will ultimately not take such programs seriously. Folks who fund these programs in a big way, like veteran entrepreneurs and corporate donors, will certainly not take these programs seriously. And what will government agencies and even the White House think about entrepreneurship education at community colleges if we cannot prove it works? If an insignificant number of businesses are created, all of our work is simply academic – and not in a flattering sense.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">If your college is not measuring the results of your entrepreneurship education efforts beyond grades and tuition, you're missing the mark. Students who enroll in entrepreneurship programs care more about creating money-making enterprises than anything else. You should too. At what level was the business when it began work with your program? What are the specific gains achieved by the business in revenues, profits, customers, and other variables? Is the business now a viable company?</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Good Intentions Aren't Enough</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Over the years I have tried to assist many colleges in creating successful business education programs. Generally I'm contacted by an earnest faculty member assigned the task of creating an entrepreneurship program. Typically he or she has no resources, and expectations are low.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">We meet. I provide my best ideas. I detail my experiences. I give lots of recommendations – ideas that I know will work. The faculty member excitedly listens and we part ways. I feel thrilled I was able to contribute to the school's efforts, only to follow up months later and find little, if any, progress has been made.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">There are internal debates about curriculum, credit vs. non-credit, and concerns about an initially low student enrollment. Meanwhile, like any business there are customers to be served –- would-be entrepreneurs, but they don't know how to find them, market to them, and serve them. Since no one is tracking results at these schools, the idea of developing a world-class entrepreneurship program simply fades away.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">This missed opportunity exists because there's no pressure to produce results. How different things would be if the educators had to produce a meaningful number of successful businesses at their schools? What if they witnessed other schools having success, launching and growing businesses in concrete numbers?</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">There are even schools with no entrepreneurship program with significant numbers of students launching businesses. Other factors at the college sometimes make it conducive to serving entrepreneurs. Yet these statistics never make it to the attention of the school's leadership.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">I suggest you start right now, creating an annual index at your school, tracking start-ups, expansions, and turnarounds at your college no matter how dismal the initial data may look. I would encourage every community college to create an individual school index to be rolled into a NACCE Entrepreneurship Index. Announcing this index annually would not only provide tangible evidence of the results of our collective work, but it would give community colleges a greater voice in the business of national commerce. There's an old adage: "What gets measured, gets done.”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">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></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><BR></SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><SPAN style="FONT-WEIGHT: bold">Have a comment? Share it here</SPAN>:&nbsp;<A href="http://cceship.blogspot.com/2011/02/whats-your-entrepreneurship-index.html " target=_blank>http://cceship.blogspot.com/2011/02/whats-your-entrepreneurship-index.html&nbsp;</A><BR></SPAN></P>]]></description>
<pubDate>Mon, 7 Feb 2011 18:02:38 GMT</pubDate>
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<title>Transforming Entrepreneurship Education: The Case Of Virtual Enterprise</title>
<link>http://www.nacce.com/news/news.asp?id=58190</link>
<guid>http://www.nacce.com/news/news.asp?id=58190</guid>
<description><![CDATA[<SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"></SPAN>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">By Dr. Anthony Borgese<BR>Associate Professor<BR>City University of New York-Kingsborough Community College, Brooklyn, NY</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">At Kingsborough Community College,part of the City University of New York, entrepreneurship professors allow students to learn the tools of the entrepreneur through a multi-faceted approach. First, students create their own businesses through a variety of methods. Some professors utilize the $10 business. This is a method wherein students are given $10 to create their own micro-businesses. These student businesses tend to become resellers of existing products such as cakes or water. Other professors require students to start their own E-Bay based businesses. These businesses are usually bartering type businesses, or students finding things in their parents' garages and attics and reselling them online. While both of those methods are great ways to teach entrepreneurial skills, Kingsborough transformed business education by creating its own program called Virtual Enterprise.</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">What is Virtual Enterprise?</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Virtual Enterprise is a unique, experiential-learning methodology wherein students create and operate their own virtual businesses in a global economy of over 4,000 firms in 40 countries. Pierce and Jones, (1998) found that students engaged in contextual learning are more motivated, use self-directed methods aimed at acquiring in-depth understanding and have superior long-term recall compared to students involved in more traditional teacher-led activities. This is one of the foundations for Virtual Enterprise.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">With VE students create a business concept and then implement the plan within the confines of the IVE Global Marketplace. Once students choose the type of business they wish to operate, they create a business plan, estimate start-up costs, and make an oral presentation to investors from the local business community for virtual start-up capital.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">After the venture capital presentation is made, CUNY's Institute for Virtual Enterprise provides virtual seed money to the VE firm along with a corporate bank account. VE students use that seed money to pay bills, make inventory purchases and start to operate their virtual businesses. They learn the financial aspects of running a business by doing it, as opposed to just learning the theories behind financial management and regurgitating them on a written exam.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">What makes VE more effective than other experiential learning methods is its global marketplace and the financial aspects of its MarketMaker component. (www.ivefinancial.com) The MarketMaker is the virtual economy behind VE methodology; its educational, electronic, financial teaching tools make VE courses truly unique. It consists of a virtual bank, a virtual stock market, virtual credit cards and a virtual ecommerce shopping mall. The virtual bank simulates a real banking environment. Students gain valuable cash flow management skills and learn about lines of credit, payroll and other banking aspects of running a business.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The virtual credit card allows students to learn the skills of using credit properly. Virtual business credit cards are offered to virtual enterprise firms to make purchases and pay bills. Finally, the IVE Shopping Mall allows students to trade their virtual products in a global electronic marketplace. After receiving the initial seed money to start a new VE firm, students can upload their products to the IVE Shopping Mall. The IVE Shopping Mall is a global electronic commerce marketplace for all virtual enterprise students and firms worldwide. VE is an international program with students participating around the world. This provides another learning moment, as students have to learn how to deal with different languages and cultures as part of international trading within the VE marketplace.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Besides learning the financial aspects of running a business, students also learn the sales, budgeting, negotiation, human resources, and technology skills of running a business. For example, marketing plans have to be created and implemented. This includes creating advertising, estimating sales goals, as well as uploading products to the IVE Shopping Mall to sell or trade products. VE students learn a variety of communication skills by negotiating with suppliers or becoming human resources employees and working as the intermediaries between employees and management within the VE firm.</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Funding and Awards</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The earliest funding of VE methodology, outside of CUNY, came from corporate sponsorships. Corporations that mirrored the VE firms started by VE students were more than happy to provide monetary and in-kind funding to IVE. In addition, Kauffman and Coleman funding was obtained after various presentations at USASBE and National Association for Community College Entrepreneurship (NACCE) conferences. All of this funding was a windfall for IVE, but the major funding was yet to come.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The first major funding for Virtual Enterprise based methodology dissemination was called: Project Welcome. (<A href="http://www.kbcc.cuny.edu/announcement/project_welcome.html">http://www.kbcc.cuny.edu/announcement/project_welcome.html</A> ) A $1.6 million grant was was awarded under the President's Community Based Job Training Grants, as implemented by the U.S. Department of Labor's Employment and Training Administration. Project Welcome's purpose was to train students in Hospitality and Food Service Operations. The curriculum employed was a variety of Virtual Enterprise courses. Students learned hospitality and food service operations through VE courses. The program lasted three years and remains in existence, despite the original funding being depleted.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">After this promising start, VE methodology continued to receive good-sized grants. A $139,000 grant was awarded by the New York State Department of Labor to train dislocated youth in "green” technology and urban agriculture. This program was also endorsed by the National Conference of Workforce Educators as the basis for national community college groups to start a "best practices in green” education curriculum. Again, VE methodology was the basis for the educational component of this program.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Finally, a $750,000 NSF grant in STEM education was awarded to IVE to infuse business and entrepreneurship into STEM disciplines. (<A href="http://www.ive.cuny.edu/viewarticle.php?sid=147">http://www.ive.cuny.edu/viewarticle.php?sid=147</A> ) IVE had bought its own "entrepreneurship across the curriculum” initiative a number of years previous, so having been awarded a grant to bring entrepreneurship skill sets to non-business students was a natural evolution for IVE. Virtual Enterprise courses were offered in a variety of academic disciplines, but were most prevalent in career programs where VE courses became a major part of teaching the business side of the program.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">All of these funding opportunities allowed for the proliferation of Virtual Enterprise methodology into a variety of colleges and universities academic, career and business programs. It also led to a variety of "contract” education programs for IVE. The latest "contract” education contract was for $600,000 to train hospitality and food service workers in Brooklyn's Coney Island. Like Project Welcome, students in this program will learn business skills by taking Virtual Enterprise courses and then apply those skills by working in the newly revitalized Coney Island.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Professional conferences, like the United States Association for Small Business and Entrepreneurship Annual Conference (USASBE), allowed IVE administrators to present their findings and "get the word out” about this transformative way of teaching business. No greater accolade for Virtual Enterprise could have been received other than USASBE's Innovative Entrepreneurship Course Award at USASBE's 2008 Annual Conference. (<A href="http://usasbe.org/about/awards/education.asp#course">http://usasbe.org/about/awards/education.asp#course</A> ) Virtual Enterprise methodology received the award and was finally recognized as being truly innovative by administrative bodies outside of CUNY and grant funding agencies.</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Student Cohorts Served</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Since its inception, Virtual Enterprise courses have been introduced to a variety of student cohorts. For example, VE is offered to students in the "My Turn” Program at Kingsborough. This program allows students over the age of 55 to take courses, free of charge, on a space available basis. My Turn students love the program because VE courses allow them to socialize as well as learn business skills they previously did not have. A small Coleman grant supported this endeavor, and created many senior-aged entrepreneurs. Most of these students wound up creating their own E-Bay based businesses because the VE courses gave them the confidence to believe they could succeed.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The Virtual Enterprise program has also been administered in over 40 countries, and the amount of international collaboration is growing. Each year, the Institute for Virtual Enterprise holds a Virtual International Trade Show. At the trade show, VE firms make real sales pitches via teleconference. Students from around the world make their sales pitches; then time is given for the students to buy and sell their products. (At the last iteration of this conference VE firms from Australia, Ghana, Belgium and Austria participated. (<A href="http://ive.cuny.edu/viewarticle.php?sid=154">http://ive.cuny.edu/viewarticle.php?sid=154</A> ) Obviously, this is not an easy feat to accomplish due to time zone differences and language barriers. However, the videoconferences build student presentation skills, and communication skills in general, as they have to learn how to overcome those barriers to sell their products.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Educators who are interested in the methodology can go online at: <A href="http://www.ive.cuny.edu">http://www.ive.cuny.edu</A> to view some of the activities and initiatives associated with Virtual Enterprise. A teaching tool kit is available for all professors that utilize Virtual Enterprise methodology. Instructors collaborate with a VE staff member to facilitate access to the various tools such as The MarketMaker financial software, the online shopping mall, and the banking program. VE instructors then allow their students to research the VE marketplace and create their own virtual businesses.</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Conclusion</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">For anything to be transformative, by definition, it must change something dramatically. The old way of teaching business courses is a recipe for failure for our students. There is a 1996 quote from D.H. Hammond et al that states: "Many professors still require students to memorize their course materials and then complete closed-book examinations. We could find no record of a business meeting in which the CEO said, 'Please put all your books and notes under the table and take out a clean piece of paper; we are going to make a business decision.'”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">This quote remains the inspiration for Institute for Virtual Enterprise administrators to bring VE methodology worldwide. Business should not be a discipline that requires students to memorize and regurgitate facts and theories. Business is learned by doing. This is true just as much for failing businesses as well as successful businesses. Sometimes, VE students learn more through what they did wrong as they do from what they did right.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The Institute for Virtual Enterprise will continue to profess the benefits of Virtual Enterprise methodology. IVE's successes are clear that VE methodology works. From funding, to awards, to faculty development, to the creation of well-prepared business students, Virtual Enterprise is truly a transformative teaching methodology.</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">References</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Pierce, J. W., &amp; Jones, B. F. (1998). Problem-based learning: Learning and teaching in the context of problems. In Ohio State University College of Education and Bowling Green State University, Contextual teaching and learning: Preparing teachers to enhance student success in and beyond high school. Information Series, No 376. (pp. 75-106). Columbus Ohio: ERIC Clearinghouse on Adult, Career and Vocational Education, pp. 75-106.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Academic Innovations web site. All data retrieved on September 16, 2010, from: </SPAN><A href="http://www.academicinnovations.com/report.html"><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">http://www.academicinnovations.com/report.html</SPAN></A><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"></SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The Institute for Virtual Enterprise web site. All data retrieved on September 16, 2010, from: </SPAN><A href="http://www.ive.cuny.edu/"><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">http://www.ive.cuny.edu/</SPAN></A><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"></SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Kingsborough Community College Project Welcome Web site. All data retrieved on September 16, 2010, from: </SPAN><A href="http://www.kbcc.cuny.edu/announcement/project_welcome.html"><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">http://www.kbcc.cuny.edu/announcement/project_welcome.html</SPAN></A><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"></SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The United States Association for Small Business and Entrepreneurship Web site. All data retrieved on September 16, 2010, from: </SPAN><A href="http://usasbe.org/about/awards/education.asp#course"><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">http://usasbe.org/about/awards/education.asp#course</SPAN></A><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"></SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Various Institute for Virtual Enterprise Web sites. All data retrieved on September 16, 2010, from: </SPAN><A href="http://ive.cuny.edu/viewarticle.php?sid=154"><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">http://ive.cuny.edu/viewarticle.php?sid=154</SPAN></A><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">, </SPAN><A href="http://ive.cuny.edu/leadership/aup.php"><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">http://ive.cuny.edu/leadership/aup.php</SPAN></A><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"></SPAN><A href="http://ive.cuny.edu/sustain/"><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">http://ive.cuny.edu/sustain/</SPAN></A><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">, </SPAN><A href="http://www.ive.cuny.edu/viewarticle.php?sid=147"><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">http://www.ive.cuny.edu/viewarticle.php?sid=147</SPAN></A><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"></SPAN></P>]]></description>
<pubDate>Mon, 7 Feb 2011 17:58:28 GMT</pubDate>
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<title>Open For Business: Entrepreneurship Education At CCBC</title>
<link>http://www.nacce.com/news/news.asp?id=58188</link>
<guid>http://www.nacce.com/news/news.asp?id=58188</guid>
<description><![CDATA[<SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"></SPAN>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">by Leslie Tennant<BR>Director of Communications<BR>Community College of Beaver County, Monaca, PA</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Long before entrepreneurship became the buzzword it is today, Community College of Beaver County recognized that the survival of our community would rely on business entrepreneurs generating an economic turn-around for Western Pennsylvania.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In 2005, the Board of Trustees along with CCBC President Dr. Joe Forrester identified promoting entrepreneurship education as a long-term priority and an essential part of enhancing economic development and revitalizing a community in transition. In 2008, two faculty presenters, John Goberish and Paul Rogers, received a grant to develop the entrepreneurship program and based on that successful grant, in 2009, CCBC hosted the national Extreme Entrepreneurship Tour highlighting youth involvement in these types of programs.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">One of the keys to CCBC's successful approach to entrepreneurship education has been to create the opportunity to introduce or expand entrepreneurial education in local school districts and to create a pathway from middle school and high school to credit and non-credit offerings at the college. CCBC has accomplished this by engaging two key organizations within our community – the Franklin Center of Aliquippa and Entrepreneuring Youth, a non-profit educational and entrepreneurial program that provides real life experiences in business creation so young people acquire knowledge and skills essential for academic success and economic security.</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Summer Biz Camp</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">CCBC, Entrepreneuring Youth (E Youth) and the Franklin Center of Aliquippa sponsored two six-week business camps for 34 middle and high school students in Beaver County during the months of June, July and August. The intermediate camp, BlueSky Biz™, introduced 18 youth to the world of entrepreneurship while the Advanced Business Camp deepened the ownership experience for 16 young people who had already attended the intermediate camp last year.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The foundation of each camp was built on business ownership. Through a variety of interactive and hands-on learning activities, field trips and guest speakers, these young people discovered how a small business is created and generates profits and had the opportunity to envision themselves as founders and owners of an enterprise that they created.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"In keeping with the mission of CCBC, the Biz Camp is reaching out to the community in areas not normally serviced by our core courses and curriculum,” stated John Goberish, manager of CCBC's Continuing Education Division. "The involvement of middle school youth in entrepreneurship programs helps begin the pathway for business options at any point in a student's education.”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">From the very first day participants were highly engaged and accountable for choices that led to the opportunity to make money (and keep the profits!). Based on interests, skills and opportunity recognition, the young people selected businesses ranging from customized crafts like jewelry, healing cream and personalized greeting cards to services such as gardening, tutoring and babysitting.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">During the camp, participants took part in two capstone events. The first was a Market Day where they were able to sell their products to the public at the Beaver Valley Mall. Armed with business cards, brochures and engaging sales pitches these young people experienced the exhilaration of making a sale.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"The biggest benefit of our involvement in Biz Camp is to see the kids take an idea from abstract dream to concrete reality and to watch the dawning of recognition on their faces when they first realize that, yes, I can do this and be successful. The life skills that they walk away with at the end of camp are invaluable,” said Sandy Edwards, education director for the Franklin Center</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The second event was a Business Plan Competition, held at CCBC, which let the young entrepreneurs present their business plan to judges chosen from the college, local businesses, and the community. Three finalists were chosen from each camp and received monetary awards in recognition of their achievement. The ownership experience helped these young people see how ‘my goals' and ‘my education' are inextricably linked. They realize just how much they already influence and control their lives.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">At the end of camp, the students take away great delight from making money and great pride from creating and selling something they are passionate about and enjoy doing as a possible future career path.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"Individuals and organizations that possess an entrepreneurial mindset will be more innovative, will be more adaptable, will strive to challenge the status quo, and will create more opportunities for our region,” stated Goberish. "Entrepreneurship is about being empowered, taking action, and creating new opportunities rather than passively waiting for opportunity to find us.”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">And, CCBC is doing just that.</SPAN></P>]]></description>
<pubDate>Mon, 7 Feb 2011 17:52:14 GMT</pubDate>
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<title>Young Entrepreneurs: Q &amp; A with Jeny Tamera</title>
<link>http://www.nacce.com/news/news.asp?id=58186</link>
<guid>http://www.nacce.com/news/news.asp?id=58186</guid>
<description><![CDATA[<SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><STRONG>What are your future plans and goals as an entrepreneur? <BR></STRONG><BR>My current goal is to refine and master my skills through education, training, and practice and build capital for future business goals. When I am confident that I am ready to open a storefront, I will be dedicated to training and education for my staff and seeing to it that any and all business operations are executed successfully.<BR><BR></SPAN>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><STRONG>What programs at your school were the most helpful in starting and growing your business?<BR></STRONG><BR>The most helpful program at my school was the Collegiate Entrepreneurs' Organization (CEO). Originally, I had a skewed idea of what I needed to be doing and learning in entrepreneurship to be successful. When I became involved with CEO I was given constant support and advice not only with what classes and subjects would most help but also in direct relation to my business. I am proud to say that during my service as president of CEO, I contributed to the creation of what initially was called "Student Business of the Month” where we put a student business in the spotlight and identified and refined the areas of most concern or ‘weakest links' in the student's business.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><STRONG>What do you think the most important things community colleges can do to help encourage and support young entrepreneurs are?<BR><BR></STRONG>I think it is the responsibility (as well as a good marketing incentive) of the community colleges to make sure students are provided with more than just the education of their degree or field. They should also be taught how to apply what they learn. This means building entrepreneurship education in all departments. The more active the college is in supporting the creation and evolution of student business, the bigger the return will be in the communities which support the college. Even if students don't plan to run a business everyone must know how important of role they play in relation. I also think it is necessary for all student counselors to be more thorough in providing entrepreneurship options available to the students.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><STRONG>What do you know now that you wish you had known when you were starting your business?<BR></STRONG><BR>I wish I had stumbled across CEO earlier in school. A cleaner start up so to speak (more organized and efficient bookkeeping in place and a more solid initial plan of attack with measurable goals rather than, "Okay here goes nothing; hope it works out this time!”) would have been helpful.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><STRONG>What advice would you give to a community college student who has no entrepreneurship experience and wants to start a business?<BR></STRONG><BR>If they are intent on starting the business immediately than I would say to start in a business law class like "Legal Issues for Small Business” or something like that. The most important ground rules and ‘need to know' are found there and everything else exists around that foundation. I would also suggest that a good understanding of macro-economics is a must because they will never understand why they are doing anything they are doing if they do not understand the market place and its dynamics. Lastly, I would say that they should put it on paper first and that classes like Fast Trac business plan will aide that execution. The plan is the tough part, and once you put it on paper you become more accountable for your actions and the business has that much more chance of succeeding.</SPAN></P>
<P><B><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">About Columnist</SPAN></B></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Michael Simmons is co-founder and CEO of the Extreme Entrepreneurship Tour (EET), <A href="http://www.extremetour.org" target=_blank>http://www.extremetour.org</A>, 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" target=_blank>http://www.journeypage.com/vbi</A>) and the Virtual Speaker Series (<A href="http://www.virtualspeakerseries.org" target=_blank>http://www.virtualspeakerseries.org</A>) to further help entrepreneurship programs.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Jeny Tamera, founder of Jeny Tamera LLC, is a professional hair and make-up artist and Artistic Technical Trainer for L'Oreal Professionnel. Wearing a number of hats, she works ‘behind the chair' for professionals like business owners, creatives, musicians, and models. She also works with companies such as Hallmark, The Lyric Opera, and The Rockettes. As an Artistic Technical Trainer for L'Oreal Professionnel, Jeny Tamera educates other salons and licensed hair professionals on the LP approach, products, and technologies, offering motivation and inspiration. Jeny graduated from Johnson County Community College in 2010.</SPAN></P>]]></description>
<pubDate>Mon, 7 Feb 2011 17:47:18 GMT</pubDate>
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<title>Entrepreneurship In Action: Artisan Marketplace Spells Success For Budding Entrepreneurs</title>
<link>http://www.nacce.com/news/news.asp?id=58184</link>
<guid>http://www.nacce.com/news/news.asp?id=58184</guid>
<description><![CDATA[<P>By Fran Verotsky<BR>Director, HACC Institute for Entrepreneurial Studies<BR>Harrisburg Area Community College, Harrisburg, PA</P>
<P>For a novice artisan trying to turn natural talent into a business, connections can mean everything, but where to get them? For Donna Damgaard, the answer was at Talkabouts, an informal networking session offered by the HACC Institute for Entrepreneurial Studies (IES). "I had started my beaded jewelry business, but I needed some confidence boosting. I got it there,” said Damgaard, who operates Beaded Blessings out of her Lemoyne, PA, home.</P>
<P>She heard about the partnership between the IES and Perry County Council of the Arts through the monthly lunchtime Talkabouts and soon began offering her wares at the Artisan Marketplace of Perry County.</P>
<P>The Artisan Marketplaces, also held in York, and in Adams County, are co-sponsored by HACC IES and offer budding artisans more than just a place to sell their arts and crafts. "Artisans are provided the opportunity to network and share information with other artists and they receive support and technical assistance from HACC business counselors,” said David McNaughton, a business counselor for IES. The Perry County Council of the Arts, the Gunnar Galleries, and the York Arts@City Arts Gallery also provide support and counseling, he said.</P>
<P>The purpose of the Artisan Marketplace is to promote and provide rural artists and artisans with the opportunity to sell and market their crafts over the holiday period. In addition the HACC Institute for Entrepreneurial Studies is available to these artists to provide technical assistance in the promotional, business, marketing, pricing, and product development areas.</P>
<P>The artists benefit from the galleries' expertise in the areas of product presentation, lighting, mood setting, sales tracking, and store management. Together, the partnership with the gallery and the IES offer the artist and artisans all the benefits of current and trend-setting marketing concepts and delivery.</P>
<P>Damgaard, 52, found useful information that she could apply to her business – things like how to price her jewelry for the central Pennsylvania market and how to take advantage of marketing opportunities. "People know people who know people. Inevitably someone will know of a situation or an opportunity that could benefit your business,” she said. "It's great to have a place to network.”</P>
<P>Damgaard also appreciated that the Artisan Marketplaces draw holiday gift shoppers. "Jewelry is one of those things you can do without if the economy is bad, but the marketplace gave me a place to offer my things where people come looking to buy,” she said.</P>
<P>Perry County husband-wife crafters Larry and Jane Shull have sold their creations at every Artisan Marketplace there is. Larry sells his metal art, and Jane offers fiber creations by knitting and felting wool purses or by shrinking old wool clothing in the wash and then fashioning them into mittens, bags and more. "The Artisan Marketplaces have been good connections for us. The more we get our name connected with HACC and the Perry County Council for the Arts, the more e-mails and invitations to other shows we get,” said Jane, 56, a Capital Intermediate Unit teacher by day. "It works out perfectly for us,” said Larry Shull, 57, a recently retired physical education teacher.</P>
<P>"Am I marketable?” was the question that plagued photographer Stephen Pidcock of Lancaster. A year ago, Pidcock, a self-employed craftsman, brought some photographs to the Artisan Marketplace in York and began working with Kathleen Snavely, an HACC business counselor. "That was a turning point for me. I didn't sell anything, but I got encouragement and confidence to take another step,” said Pidcock, who calls himself a "vertizontal” photographer. He has since shown his work at art shows at Mt. Gretna, Chadds Ford and Bel Air, MD, where he recently took a first place ribbon in photography.</P>
<P>The HACC Institute for Entrepreneurial Studies is designed to increase the economic vitality of the region through business development. This is accomplished through a balance of credit programs offered through the Business, Hospitality, and Technologies Division and non-credit programs offered through the Workforce and Economic Development Division of the college.</P>
<P>The credit programs allow students to choose the program that best fits their educational needs whether it be a certificate, or associate degree in Entrepreneurial Leadership.</P>
<P>The non-credit programs assist individuals in the planning and training required to develop and/or manage a successful business venture. This is accomplished through courses, seminars, individual business counseling, and networking opportunities available through the Fulton Bank Small Business Center @ HACC.</P>]]></description>
<pubDate>Mon, 7 Feb 2011 17:45:52 GMT</pubDate>
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<title>Taking Innovation To Market: Howard Community College&apos;s Technology Assessment Program</title>
<link>http://www.nacce.com/news/news.asp?id=58181</link>
<guid>http://www.nacce.com/news/news.asp?id=58181</guid>
<description><![CDATA[<DIV><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">By Wayne E. Swann, TAP Program Manager &amp; NACCE Board Member</SPAN></DIV>
<DIV>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Howard Community College, Howard County, MD</SPAN></P></DIV>
<DIV>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Howard Community College (HCC) has just completed a four-year Technology Assessment Program (TAP), initiated under an NSF-sponsored Partnership for Innovation Grant. TAP addresses the need to better prepare students for the workplace and increased global competition through an experiential learning opportunity centered on "innovation” as part of the college's entrepreneurial program. The entrepreneurship program itself was initiated as a result of recommendations made by HCC's Commission of the Future, a team comprised of community and business leaders.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Under TAP, students increase their knowledge about innovation and add unique skills – whether in high school, college, or as workers looking to enhance job skills or start a new business. The program has an added value: assisting in the transfer of U.S. government innovations to current or new businesses and creating new jobs and products. HCC's partners included: the Howard County Public School System (HCPSS), the Howard County Economic Development Authority, NASA's Goddard Space Flight Center, the United States Department of Agriculture's Agricultural Research Service (USDA/ARS), the John Hopkins Applied Physics Laboratory, Harford Community College and Frederick Community College.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><STRONG>The Program</STRONG></SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The centerpiece of TAP is the course "Taking Innovation to Market,” now an A.A.S. degree program elective in Entrepreneurship and other courses of study at HCC. The curriculum is designed to teach teamwork, critical thinking and decision-making skills through experiential learning coursework. Teams of high school, community college and continuing education students are guided by faculty, mentors, subject matter experts and inventors to evaluate a new U.S. Government innovation. Each semester, projects are selected to provide variety in type, likelihood of marketability, and new business opportunity. Student teams are assigned one of several innovations and asked to analyze the potential for commercialization (technology transfer) and new business formation.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The course uses the technology transfer cycle as the instructional platform and is taught as a three-hour evening session. The first half of the session is devoted to lecture, team activities and skill building centered on one of the cycle's components (e.g., intellectual property). The second half of each class is devoted to the team assessment project as it relates to that instructional component.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Students are instructed in the basics of a wide range of topics, such as: innovation drivers, disruptive technology, patents, the 4 Ps of marketing, valuation, licensing and business incubators. Multi-layer instruction enriches the learning experience, with film clips, activities, and real-life stories adding to student comprehension. Subject matter experts and mentors (assigned to each team) add varied perspectives for the students.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">At the end of the course, students participate in HCC's Entrepreneurial Celebration, a public event where teams present their findings and recommendations to a panel of judges and an audience of business owners, entrepreneurs, researchers, technology transfer experts, and venture capitalists. Student technology assessment reports and the presentation materials are submitted to the partner laboratories to provide independent feedback and to assist the technology transfer offices to move innovations to businesses and facilitate new start-ups.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><STRONG>Results and Impact</STRONG></SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The course "Taking Innovation to Market” enrolled 143 students (2006-2009), 75 percent of them high school juniors and seniors, and had a significantly diversified student population in gender, ethnicity, and age (ages 17 – 60). So far, the products of the grant include: 25 U.S. government innovation assessments; three new businesses started; one new product on the market, and two in development. Two of the new companies were founded by former students, and a regional entrepreneur founded a third. "Choice Batter&reg;,” the first product of TAP start-up company, CrispTek, won the 2010 Best New Product Award at the 5th annual Maryland Bioscience Awards and is now carried in over 400 grocery stores in the US.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The resulting start-up companies have "added to the mix” of TAP's collaborations, with businesses and local entrepreneurs becoming fully engaged in the program. For example:</SPAN></P>
<UL>
<LI><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Local law firms have provided pro bono business startup services; </SPAN>
<LI><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The Maryland Technology and Economic Development Corporation (TEDCO) has provided $75,000 in commercialization grant funding to each of the two new businesses started from USDA innovations; </SPAN>
<LI><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The county's NeoTech Business Incubator has accepted two TAP companies as residents; and </SPAN>
<LI><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">SCORE counselors have provided guidance to company entrepreneurs.</SPAN></LI></UL>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In partnership with the Howard County Public School System, high school students use the course to complete high school requirements and receive college credit. Most of the students come from the county's Career Academies of Finance and Business. It was anticipated that the inclusion of high schools students in this endeavor would instigate involvement and interest of younger people in innovation and entrepreneurship in general. To measure the impact, a Student Interest Survey was implemented, pre and post course, to determine student career interests in nine different career areas. Pre/post survey results showed eight of the career areas had marginal increases or decreases in student interest. However, student career interest in entrepreneurship showed a significant pre-post survey increase, with 83 percent of the students expressing a high or very high degree of interest.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">TAP also developed a course entitled "Young Inventors at Work” directed towards elementary and middle school students age 10-14. This week-long summer experience was intended to increase interest in innovation by providing students with activities that stimulate creativity. The program, taught by elementary and middle school teachers with assistance from HCC staff, has attracted a very diverse student population totaling 80 students.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">During the fourth year of the program, the Technology Assessment Program Model, and related Course "Taking Innovation to Market” was documented and disseminated to new two partner institutions: Harford and Frederick Community Colleges. TAP provided training sessions for the college's instructors and the course was successfully run at both colleges.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The TAP program is now self-supporting at HCC through tuition, program fees and community sponsorships. The course "Taking Innovation to Market” and the "Young Innovators at Work” summer program continue to attract a diverse student population. TAP partnerships are strong, adding to the sustainability of the program; 31 individuals have already volunteered as mentors, subject matter experts, invited lecturers, instructors and judges. Local businesses and individuals provide sponsorship funding for HCC's capstone event and net revenue from the summer program is used to offer partial scholarships for the credit course. High school students and teachers are engaged; and the laboratories, community and the public are benefiting from the program. Finally, the USDA/ARS Office of Technology Transfer has cited TAP as a model for partnerships between education, government and economic development entities.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The Technology Assessment Program was funded by the National Science Foundation, Partnerships for Innovation Grant # 053875.</SPAN></P></DIV>]]></description>
<pubDate>Mon, 7 Feb 2011 17:35:26 GMT</pubDate>
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<title>Program Building - Entrepreneurship Programming: Today&apos;s Top Ten Student Profiles</title>
<link>http://www.nacce.com/news/news.asp?id=58180</link>
<guid>http://www.nacce.com/news/news.asp?id=58180</guid>
<description><![CDATA[<SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"></SPAN>
<DIV><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">By Donna Duffey</SPAN></DIV>
<DIV>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Professor &amp; Department Chair, Entrepreneurship<BR></SPAN><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Johnson County Community College, Overland Park, KS</SPAN></P></DIV>
<DIV>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Identifying growth strategies that work for our entrepreneurship programming at Johnson County Community College has been a hallmark of the faculty team for many years. We have always believed that our innovation in the development of courses, certificates and programs is a prerequisite for driving the innovation of our students. As a result of today's economic and political climate, we recognize that the student profile coming to our community colleges and to our entrepreneurship courses and programs is changing. As our student profile evolves, so must our course, certificate and program offerings evolve to meet their needs.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Let's look at this evolving entrepreneurship student profile. As a faculty team, we asked ourselves "Who are today's entrepreneurship students? Are the student profiles changing and, if so, how? What components of our product offerings appeal to this student profile?” One of the first observations is that a single student can fit into multiple student profiles. We are certain you will find this to be true on your campuses as well. In no particular order, here are our top ten student profiles today:</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">1. Just out of high school – the aspiring entrepreneur.This student group is primarily attracted to our Associate of Applied Science Entrepreneurship degree program (64 credit hours). Some of these students have participated in entrepreneurship programming during their high school years. Others simply have a mindset driving them to "make” a job, not "take” a job. For some, their motivations have been molded by distrust or disappointment in large corporations. Others seem to always have understood that they will "be their own boss.”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">2. Dual enrollees – students who are enrolled in high school and college concurrently or enrolled in multiple colleges concurrently. This is a growing category of our student population. For those still completing high school coursework, they are taking advantage of the "extra” time in their senior year (perhaps motivated by their parents!). In greater numbers, however, we are serving students who are creating the collection of coursework they feel they need from multiple institutions in the area. Those who have an "intent to graduate” plan to simply transfer credits to the institution from which they plan to graduate. Others are more interested in acquiring knowledge in areas they find relevant to their needs and goals and amassing the credits that result from their choices. For them, seeking knowledge is more important than seeking a degree or certificate.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">3. Completers of associate's, bachelor's and/or graduate degrees but not finding acceptable employment opportunities – they have now decided they need to "make” a job, not "take” a job.Recent Kauffman Foundation research indicates that today 70 percent of college seniors want to start their own businesses. For some of these students, entrepreneurship has been introduced to them along their academic journey as a "career choice.” For others, the current economy has made them realize that entrepreneurship may be a "career imperative.” This student group is attracted to two of our certificate offerings: the Entrepreneurship Vocational Certificate program (30 credit hours) and the Business Plan Certificate (7 credit hours). Students attracted to the Entrepreneurship Vocational Certificate generally have non-business related degrees; this certificate contains both business and entrepreneurship courses but does not contain any general education courses. Students attracted to the Business Plan Certificate generally have business coursework in their academic background but none specifically related to entrepreneurship.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">4. Employed in the corporate world in a position described as "intrapreneurial” but not finding acceptable recognition or appreciation for their skills and talents.These students seem to possess an entrepreneurial mindset and, as a result of their "intrapreneurship,” now have increased experience, and often, better financial standing to launch their own business venture. This student group seems to be attracted to the Business Plan Certificate or merely select an Entrepreneurship course or courses that address their perceived need.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">5. Employed in the corporate world but not finding self-gratification.While employed, this student group is dissatisfied and seeking entrepreneurship curriculum to identify if self-employment is the more correct career direction for them. The majority of these students have family and financial commitments. Some have previous academic credentials beyond high school while others do not. Their focus is on finding a "reinvention” route for the balance of their working years. For some, the reinvention answer is entrepreneurship; for others, redefining their role within a corporate structure is more appropriate. As the student group profiled above, this group seems to be attracted to the Business Plan Certificate or merely selecting an Entrepreneurship course or courses that address their perceived need.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">6. Displaced workers and/or soon-to-be displaced workers looking to "re-invent” themselves.Some of these persons are unemployed while others are employed but consider themselves under-employed. These students have often spent significant years in the employment of others and have generally never considered entrepreneurship as a career direction. If this student's mindset about entrepreneurship and their career "re-invention” is a positive one, they bring great experience and value to the classroom. Assuming the student has allowed appropriate time to study and develop their "re-invention” this student audience can be highly successful. We market the Business Plan Certificate (7 credit hours) to this specific audience. Some students in this category also take the Franchising course. Additionally, we are researching the potential of serving this audience with coursework that will lead them to "re-inventing” themselves as independent contractors for direct sales companies.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">7. Retired persons seeking to un-retire (often referred to as the "multiple retiree”). Some of these persons took "early” retirement packages and some retired at what seemed to be the appropriate time but, common to all, they now wish to un-retire. For some, they have become bored in retirement. For others, their financial status has plummeted or has not held up to their expectations. Members of this group are commonly early Baby Boomers. They are generally not interested in "taking” another job as their next life chapter, but rather to re-invent themselves through entrepreneurship or "boomerpreneurship.” As the group above, the Business Plan Certificate (7 credit hours) is interesting to them as well as other Entrepreneurship specialty courses (i.e. Franchising).</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">8. Family members living in a household operating a family business and/or students wishing to start, grow or sustain a family business. While following in a parentor other relative's footsteps has not been particularly popular among previous student audiences, we are finding an increased interest among family members in growing and sustaining existing family businesses. Younger students who are family members and even working within the family business are more interested than in previous years in expanding their role and contribution to these existing family businesses. Students of all ages who have not personally experienced a family business are more likely to think of their entrepreneurial business idea as a means of livelihood for not just themselves but for future generations of family members as well. Younger students who are members of a household operating a family business are gravitating to our AAS Entrepreneurship degree program. Older students who are members of a household operating a family business are interested in the Family Business course and other specialty courses that they have identified as a subject area from which they can make a difference for that family business.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">9. Students who have mastered a skill or are studying to master that skill but have no business acumen.As at many community colleges, students are motivated to pursue academic accomplishments based on their passion for a specific skill. Since 2005, JCCC's Entrepreneurship program has demonstrated its ability to weave entrepreneurship throughout the institution via the program-specific entrepreneurship certificates. Developed in partnership with department chair colleagues across campus, these certificates provide an additional graduation option for students in skill-based programs who wish to deliver that skill in an entrepreneurial business venture.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">10. Returning Veterans who are in need of "re-inventing” themselves after their military service is complete.These students are most often coming to our entrepreneurship courses via another career programs on campus, i.e. automotive, hospitality, interior design, etc. Their interest is first in the skill program. As their interest and skills grow, the reality of how they are going to apply that skill in the workplace becomes of interest to this student. At that time, this student profile may decide to pursue graduation in one of the program-specific entrepreneurship certificates or to add the 7-credit hour Business Plan Certificate to their academic studies.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">At JCCC, we feel that entrepreneurship education is not just an educational luxury or "extra.” We feel it is mandatory for our community and America's future growth and prosperity. Therefore, we must always review and analyze the student profiles/populations that are participating in our entrepreneurship education initiatives with the intent of evolving our content to their needs.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">As I am occasionally asked if our efforts in entrepreneurship education at JCCC have yielded positive results, I will close by sharing a current statistic: Student credit hour enrollment in Entrepreneurship at JCCC as reported for Academic Year 2009-2010 vs. Academic Year 2005-2006 represented an increase of +53.9 percent over the five-year reporting period. During the same reporting time period, the college total represented an increase of +15.6 percent.</SPAN></P></DIV>]]></description>
<pubDate>Mon, 7 Feb 2011 17:33:58 GMT</pubDate>
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<title>New Paradigms: How Writing For NACCE’s Journal Can Benefit A New Certificate In Entrepreneurship</title>
<link>http://www.nacce.com/news/news.asp?id=58177</link>
<guid>http://www.nacce.com/news/news.asp?id=58177</guid>
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<div><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">By Jared Thompson, Campus Facilities Manager; Tom Tankersley, Grants Coordinator; April Robinson, </span><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Assistant to the Dean of Academic Affairs, and Felix Haynes, President</span></div>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Hillsborough Community College, Plant City Campus, Plant City, FL</span></p></div>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Over this past year it has been an honor for our Editorial Board to contribute to the NACCE journal. Our Campus Editorial Board is comprised of a small group of administrators and staff members from Hillsborough Community College's Plant City Campus. Our foray into writing for the NACCE journal coincided with the roll out of our own college's Certificate in Business Development and Entrepreneurship. The timing could not have been more beneficial.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Just as an individual who desires to start their own business identifies an unmet need and assesses the condition of the market around them before embarking on the entrepreneurial journey, we were given the opportunity to explore the entrepreneurial landscape, its relationship with community colleges, and the communities served by those colleges. By doing so, we discovered the impact entrepreneurs and small businesses have on the economy and the opportunities they possess for supporting economic recovery through innovation and job creation. During this time we also came to appreciate how truly engaging this immersive, career-development experience of writing for NACCE and other publications was. We firmly believe that the opportunity NACCE has given us to write in its journal will not only make us stronger individual leaders at our institution, but will serve to better our Small Business and Entrepreneurship Program as it continues to grow.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In a previous article published in this journal we went to great lengths detailing the often overlooked phenomena of underemployment, its effects on the U.S. economy as we begin to rebound from this great recession, and the role entrepreneurship can play in combating the pervasive problem of underemployment. As educators in a state currently battling one of the highest unemployment rates in the country – 12.0% for November 2010 – and a significant underemployment rate as well, researching and writing this article with the assistance of valuable data from the Kauffman Foundation further solidified our belief that a Small Business and Entrepreneurship Program would be beneficial not only for current students and displaced workers, but also for incumbent workers holding jobs outside their area of expertise. These individuals could gain the skills necessary to start their own businesses and re-enter the workforce in a career field in which they already possess a significant amount of experience or education, only this time as business owners with the high probability of adding jobs to the workforce down the road.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Researching the tremendous impact that new entrepreneurial activity has on the U.S. workforce was the topic of another article submitted by our Editorial Board this past year. Thanks to the resources and data available through NACCE and Kauffman, we learned that calling new business start-up firms the "driving force” behind our economy was no overstatement or exaggeration. In fact we learned that if history is any indicator, then it will be new business start-ups that drive the economic growth in this country and contribute most significantly to gains in workforce numbers. Kauffman's study, relying on data from the U.S. Census Bureau, supports this lesson from history; between 1977 and 2005 new business start-ups added an average of 3 million jobs to the economy annually.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Often throughout the year the information and insight we gained by writing this column on broad, nationwide issues had a direct correlation with events our Editorial Board observed on a local level in Plant City, FL. One such example, the business clustering effect that many entrepreneurs take advantage of by locating their businesses near competitors, suppliers, and support services, is present in the Plant City area. A number of agri-business associations have been attracted to this area and have made this small Florida city their headquarters. By researching and writing about entrepreneurial activity across the country our group gained a higher level of appreciation for the entrepreneurs in our own backyard and began to discuss how we could leverage the resources available within our community to enhance our own program.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">As the year progressed, we enrolled between 17 and 18 students in our first offerings of four courses in our Entrepreneurship program. However, all these initial students declared a goal of going to work for a medium or large corporation, instead of starting their own business. We will continue to seek new program ideas from NACCE to tailor the identity of our program to make it, truly, a small business and entrepreneurship program.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Our efforts culminated this past October when we had the privilege to present at the 8th Annual NACCE Conference held in Orlando. Our session presented our strategy for promoting entrepreneurship and enhancing professional and program development through our Editorial Board. We attribute a significant amount of the success of our writing to NACCE itself. NACCE has been an innovative leader for community colleges in the area of entrepreneurship offering a wealth of information and support.</span></p></div> ]]></description>
<pubDate>Mon, 7 Feb 2011 17:27:35 GMT</pubDate>
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<title>Launching Project Skyway</title>
<link>http://www.nacce.com/news/news.asp?id=58175</link>
<guid>http://www.nacce.com/news/news.asp?id=58175</guid>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">By Cem Erdem, Founder, President and CEO<br>Augusoft, Inc.</span></p></div>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In my first month after moving to Minnesota from my native country of Turkey in 1994, I decided to start my own Internet company. After filling out the necessary paperwork and paying the clerk $135 in cash (I was so new I didn't have a checking account, credit card, driver's license or even a Social Security number) I was the CEO of my own company. I couldn't believe it. Sitting on the steps of the Minnesota State Capitol, I remember thinking this has to be the greatest country in the world!</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">However, as I soon found out, there were many challenges ahead. English was my second language; I had no experience or resources; I didn't know much about the culture, etiquette or having my own business; I didn't even know how or where to go to ask for help. Forget about raising money; even the capitalist system was new for me.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Promoting an Internet business in 1994 was challenging. When I called people to ask if they were on the Internet, the typical response was, "No. We're in Downtown.” To promote my business I published a black and white postcard and put them in coffee shops and the skyway system in downtown Minneapolis. I put them in the skyways because I saw people in suits walking through there and thought, "That's where the money is.” Alas, many of these people in suits were lawyers, accountants, and bankers, not necessarily early adopters of technology. In my first year I made a total of $4,300.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Today, the company I started 16 years ago serves hundreds of schools throughout the country. Over two million students have registered for classes through our software, and we have processed over $400 million in transactions.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">I am proud to say I'm living my American Dream. But I'm not done. I keep dreaming. I keep thinking about other entrepreneurs like me running around in skyways with black and white postcards trying to promote their businesses because they don't know what else to do or how to ask for help.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">I want to help other entrepreneurs do what I was able to accomplish with my company…but faster, better and more efficiently. I want to help entrepreneurs build sustainable businesses. That is why I have started Project Skyway, a tech accelerator program to help entrepreneurs connect with other entrepreneurs, mentors, investors and resources.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">There is a myth that innovation comes primarily from the profit motive and from the competitive pressures of a market society. Innovation doesn't come just from giving people monetary incentives. It comes from creating environments where their ideas can connect. Innovation comes from passionate and connected groups of people.</span></p>
<p><strong><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Making Connections</span></strong></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Project Skyway (<a href="http://www.projectskyway.com" target="_blank">www.projectskyway.com</a>) is much like the concept of open source software development, where people get energy from collaborating. We are not only connecting entrepreneurs with business leaders, mentors, advisors, and investors, but we are also connecting entrepreneurs with each other and being open about our process. All entrepreneurs starting businesses hit many walls at the beginning. This is why it is important for entrepreneurs to have access to mentors, as well as a community of entrepreneurs, to help them when they hit a wall.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Also, I do not believe that successful entrepreneurs only come from schools such as Stanford, Harvard, or MIT. I was attending a community college trying to learn and adapt to my new country while working at multiple jobs and trying to build my company. If we believe that a good entrepreneur is someone driven, with passion and persistence, let me tell you, our community colleges are full of these people.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">That is why I am reaching out to members of NACCE to share my vision and ask for your help in connecting our future entrepreneurs with Project Skyway. We will be partnering with schools to create regional innovation centers where students can try out their business ideas in an environment where there are connections to entrepreneurs, mentors, and investors. There may also be an opportunity for your school to receive grant money through the Trade Adjustment Assistance Community College and Career Training Program (TAACCCT) being administrated by the Department of Labor by participating in Project Skyway.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The first Project Skyway class will start in August 2011 in the innovation center we are creating in Minneapolis. Registration begins in April.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Please let your entrepreneurial students know that there is a place that will help them accelerate the growth of their new businesses. For more information about Project Skyway, please visit our Web site at www.projectskyway.com, or email us at join@projectskyway.com.</span></p></div> ]]></description>
<pubDate>Mon, 7 Feb 2011 17:25:07 GMT</pubDate>
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<title>Teaching Entrepreneurship Across Disciplines: Julie&apos;s Organic Lemonade Stand</title>
<link>http://www.nacce.com/news/news.asp?id=58174</link>
<guid>http://www.nacce.com/news/news.asp?id=58174</guid>
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<DIV>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">By Tony Fontes</SPAN></P></DIV>
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<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Assistant Professor, Professional Studies, Business Administration<BR></SPAN><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Bunker Hill Community College, Boston, MA</SPAN></P></DIV>
<DIV>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In celebration of Global Entrepreneurship Week, Bunker Hill Community College's Center for Entrepreneurship, funded in part by a grant from the Coleman Foundation, collaborated on a program to help educate local high school students on the value of entrepreneurship and how the notion of entrepreneurship truly spreads across all disciplines.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Bunker Hill Community College (BHCC) hosted four area high schools which included over 120 students on site to attend a symposium on Entrepreneurship entitled: "Entrepreneurship Across the Curriculum - A Celebration of Global Entrepreneurship Week.”</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The goal of this event was to expose high school students to entrepreneurship, not only as a stand-alone discipline, but also to illustrate how attaining skills in entrepreneurship could be used in other areas such as hospitality, travel and event management, gaming technology and visual media arts.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">This was presented by a unique and interesting approach that entailed the theory of opening a small business, namely, a lemonade stand. As many students may have opened a lemonade stand as their earliest entrepreneurial venture, this was a natural illustration to use in terms of demonstrating not only entrepreneurial skills, but how it translates to other areas of study.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The stage was set with an actual lemonade stand and other props. The scenarios were set into five skits, with two "actors' (student volunteers) for each individual skit.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Scene I described our entrepreneur, Julie, who recently graduated from BHCC with a degree in Culinary Arts. She opened a lemonade stand because she created a unique blend of organic lemonade that was unlike any other. Her lemonade was exceptional, a product of her studies at BHCC. However, her grand opening was short lived, as she ran into several issues including calling her business Starbucks Lemonade, and failing to secure several licenses to run her business. Julie decided to go back to Bunker Hill to take a course in business law, as she was now the recipient of a lawsuit.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Scene II opened with Julie returning to her business, now called "Julie's Organic Lemonade.” She learned how to trademark her name for future protection. But Julie's troubles continue as her business is slow and not prospering. She blames the recession as a possible cause, but her friend aptly notes that she has no marketing plan, which may be more of the issue. Julie then heads back to Bunker Hill to take courses in Retailing and Marketing.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In Scene III, Julie reports that she now has a fully executed marketing plan which she learned at BHCC. Sales are up and she begins to get encouraged…with one apprehension – despite a brisk business, she is not making any money. Julie realizes that her production costs are too high and she is losing $5 for every pitcher of lemonade she is selling. Julie decides to again return to Bunker Hill to take courses in Financial Management and Accounting to figure out how to make money at her business.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In Scene IV, Julie displays some cautious optimism. Sales are up 20 percent, and she now knows her breakeven costs and has produced sales forecasts. Despite her success, she realizes that there is so much more to her business than she originally imagined. She learned her craft through attainment of her Culinary Arts degree, but she's decided to go back to Bunker Hill to get a certificate in Culinary Entrepreneurship. She figures not only will she know how to make the best lemonade, she'll also know how to run a business and do it successfully and profitably.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In the final scene, Julie runs into her friend and provides an update. Julie is proud to report that she now has six franchised locations, and has a distributorship established with the local grocery store chain. Through her studies, she's learned that to open your own business, you need the skills to create and manage your product or service, in her case, lemonade, but equally, she also needs to have the business knowledge to put those skills into action, and that you really can't have one without the other.</SPAN></P>
<P><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">What seemed to be most impactful was the mode of delivery of the entrepreneurial message via the Lemonade Stand. Using this varied pedagogy not only proved the point, but did so in a fun, unique and participatory way. Each student's involvement made a big impression and provided great entertainment. As various students read their scripts and acted out each scene, the theory of complementing any specific discipline with entrepreneurial studies was solidly delivered. Ultimately, each student left with an appreciation of entrepreneurship and the value that entrepreneurial studies can provide. Following the presentation, break out seminars in Business, Computer Media Technology, Hospitality, Travel &amp; Event Management, and Visual Media Arts were held to reinforce the message of how entrepreneurial studies can be spread across the curriculum.</SPAN></P></DIV>]]></description>
<pubDate>Mon, 7 Feb 2011 17:17:47 GMT</pubDate>
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<title>Marketing on a Shoestring Part Four: The Power of The Press Release </title>
<link>http://www.nacce.com/news/news.asp?id=58173</link>
<guid>http://www.nacce.com/news/news.asp?id=58173</guid>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Marketing on a Shoestring&nbsp;Part Four: <br>The Power of The Press Release (and Best Practices For Alternative Promoting</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">By Melissa Moreno<br></span><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Director of the Scheinfeld Center for Entrepreneurship &amp; Innovation<br></span><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Santa Barbara City College, Santa Barbara, CA</span></p></div>
<div><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">&nbsp;</span></div>
<div>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">How much is a press release worth? Try $25,000. All the beneficial talk about social media marketing might have lulled you into a false sense of security. You are, after all, tweeting, blogging, and Facebooking galore, reaching a potential global audience with all the new viral marketing techniques. But if you abandon traditional media (print, radio, TV), you may cut yourself off from potentially significant resources and businesses still loyal to established and time-honored news outlets. Here's a case in point:</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">For our first annual New Venture Challenge, to be held on May 13, 2011, our goal is to raise $15,000 in awards funds. We decided on a two-tier competition, one for local high school students, and the other for our college students. We felt that inviting high school students on campus to interact with college students would create an entrepreneurial pathway from high school to college, and promote youth entrepreneurship in the community – a nice hook for many potential sponsors.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">We built a New Venture Challenge Web site, announced it on Facebook and tweeted and blogged about it. We needed to create momentum and raise quite a bit of funding for the awards. We also sent an early press release announcing the event; one sentence indicated that sponsorship opportunities were still available.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The release was picked up by our local online newspaper and read by a founder of a newly established local bank. The bank was looking for an opportunity to connect in the community, and promoting youth entrepreneurship and college scholarships fit squarely within their mission. We had a meeting, and I walked away with a $25,000 commitment, that is $5,000 each year for five years for the high school student awards, in the form of college scholarships.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The lesson is that embracing social media is important, but traditional marketing remains important.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><strong>Alternative Promoting</strong></span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In this series on Marketing on a Shoestring, we've discussed powerful but low-cost ways to market your program or center, from social media to creating events and now traditional print. What other promotional activities can help you get the word out?</span></p>
<ul>
<li><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Be active in your local community.When you venture into the community, wear your marketing hat and bring promotional materials and business cards along. As director of our center, I have been invited to speak at Rotary clubs and women's groups, and have joined local entrepreneurial organizations and boards. I also attend as many entrepreneurial events in the business community as I can such as chamber events, executive roundtable events, and young entrepreneur events. In addition, high schools have career days but most do not have "entrepreneurship” on their list of topics. I have been proactive in promoting entrepreneurship as a viable career choice at both the high school level and in our own career center. </span></li>
<li><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Be active in your regional and national community.Offer to be a guest columnist for a national journal, or write entrepreneurship papers for publication to help get your program noticed. Attending conferences can be a boost to your program as there are usually excellent marketing "take-aways” and best practices. Look for events your state hosts in the area of economic development and attend one or two a year. Get to know state officials who support and promote entrepreneurship. </span></li>
<li><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Visit with your "competitors.”If your community is anything like mine, there are several organizations or colleges developing entrepreneurial centers, events and educational programs. If you view these organizations as competitors, you could end up ostracized from the entrepreneurial community and labeled as the folks who don't play nice. We prefer to work with other organizations rather than fight for territory. Our position is extremely non-competitive, open and collaborative – and it is paying off.</span></li></ul>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">I visit with two-year and four-year colleges in and around our region and keep abreast of their programs. I visit with all the local organizations and sometimes table at their events. I emphasize our goal is to provide low-cost education to our target market: students. This usually brings down barriers to discussing collaboration and opens opportunities for support. And sometimes things pan out. For example, one nearby community college received a large state grant for an entrepreneurship center. After our visit, the director offered to bring the Extreme Entrepreneurship Tour to our college and pay for it!</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Promoting your program is no simple, one-time task. The good news is you can do a lot with a very small budget. Marketing relates to everything you do in your educational program, on campus and when you venture into the community. Remember these essentials:</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">(1) Create a brand and apply it to everything you do;</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">(2) Embrace the top forms of social media to build awareness (but not at the expense of traditional media – such as press releases);</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">(3) Develop a few key events to complement activities in your existing entrepreneurial community; and</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">(4) Wear your marketing hat wherever you go and whatever you do!</span></p></div> ]]></description>
<pubDate>Mon, 7 Feb 2011 17:06:19 GMT</pubDate>
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<title>Member News Notes</title>
<link>http://www.nacce.com/news/news.asp?id=58169</link>
<guid>http://www.nacce.com/news/news.asp?id=58169</guid>
<description><![CDATA[<strong><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">CPCC - Innovative &amp; Entrepreneurial</span></strong>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Thirty-five of Central Piedmont Community College's most creative minds were assembled last fall by college president, Dr. Tony Zeiss. The objective was to find new and innovative ways to generate revenue and reduce spending. This task would be a challenge under ordinary circumstances and even more so in a struggling economy. With looming state and local budget cuts and a 26.5 percent increase in enrollment over the past three years, the college is attempting to capture the creativity of its faculty and staff to help find new ways to raise institutional revenues to continue to respond to the growing educational and job training needs of the Charlotte region.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The group, appointed by Dr. Zeiss, is formally known as the President's Entrepreneurial Team (PET). The team gathers several times per year for sessions to present and discuss new ideas. Subgroups meet throughout the year to further explore the most promising ideas, develop action plans, and submit projects to the College Cabinet for approval and implementation. The PET provides a unique forum which fosters creativity, embodies the CPCC's entrepreneurial spirit, and forges relationships and collaborations between different units of the college.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">At the most recent fall meeting, more than 40 cost-saving and revenue-generating ideas were presented by team members. Serious and lively discussion ensued as members voted on their top picks for potential new revenue-enhancing projects. A myriad of ideas ranging from green initiatives, to streamlining services, to creative advertising options were hot topics. The meeting was stimulating and provided a wonderful opportunity for collaboration among staff representing each of CPCC's six campuses, and it has helped to underscore a college case value of entrepreneurialism. As a result of the meeting, 10 ideas were selected for additional study; small committees of team members will examine the feasibility of these ideas and will report back to PET in early 2011.</span></p></div>
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<p><strong><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"Experience Entrepreneurship" Held at Westchester Community College</span></strong></p></div>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The Institute for Entrepreneurial Studiesat Westchester Community College, in Valhalla, NY, hosted "Experience Entrepreneurship,” its first campus event at WCC, during Global Entrepreneurship Week 2010. The IES was launched in August 2010 to promote entrepreneurship at Westchester Community College and in the community through WCC's new Gateway center. The IES partnered with WCC's Entrepreneurship &amp; Networking Club, the Professional Development Center and the English Language Institute to introduce entrepreneurship to students, faculty and staff with several events:</span></p>
<ul>
<li><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Ten9eight, the Network for Teaching Entrepreneurship (NFTE) National Business Plan Competition video, was viewed during the week as credit and non-credit students, and faculty attended, either individually or by class. The video was also shown to various English Language Institute classes, followed by discussions of the characteristics of successful entrepreneurs. </span></li>
<li><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The Entrepreneurship &amp; Networking Club hosted Speed Networking at the student center. Club members delivered ‘elevator pitches' during the event, in which faculty, students and staff participated. </span></li>
<li><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The Professional Development Center provided three entertaining entrepreneurs for a panel discussion during the Young Entrepreneurs Forum.</span></li></ul>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The events achieved several key campus-oriented goals: engage students and faculty in entrepreneurship; build awareness of the institute for entrepreneurial studies and entrepreneurship; attract new members to the Entrepreneurship &amp; Networking Club; and discover new opportunities for building a campus-wide Entrepreneurial Studies program.</span></p></div>
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<p><strong><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Rock Valley College Launches Entrepreneurial Program</span></strong></p></div>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Rock Valley Collegein Rockford, IL, has begun moving forward with an entrepreneurial program. The initial phase of this process finished last spring with the development of a new degree option in Entrepreneurship. Certificate options are available for students with degrees or students who are seeking the tools for opening a new business. The Business Department intends to extensively market this program campus and community wide to insure the widest possible audience and dispel the perception that entrepreneurship is for business students only.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Rock Valley College is collaborating with the Rockford Area Economic Development Council and the Rock River Valley Entrepreneurship Center to enhance the exposure of the credit program opportunities. The collaboration includes incubator capabilities, interactions with various governmental agencies, such as the Small Business Administration and the U.S. Department of Commerce. The strength of these existing entities with the addition of the academic approach creates significant opportunities for the community that will return economic benefits in a variety of different venues.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Among the many objectives of this new program is the ability to strengthen awareness of entrepreneurial activities and value to secondary students. The ultimate achievement in this regard will be the retention of the brightest and best individuals, who will rebuild the local economy versus losing this core of individuals to other areas.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">One activity that assists in accomplishing this objective is an annual entrepreneurial summer camp operated in conjunction with the Rockford School District. This event introduces participants to entrepreneurship at the beginner level while creating awareness of the opportunities available in education and implementation of business concepts in our local communities.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Additional opportunities exist in local Fast Pitch Competitions and throughout the entrepreneurial network in the surrounding counties. Finally, Rock Valley College supports a local SIFE (Students in Free Enterprise) chapter, and the program will collaborate with this organization in many different aspects.</span></p></div>
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<p><strong><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Frazee Incubator Opens at M State</span></strong></p></div>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Minnesota State Community and Technical College's(M State) Business &amp; Entrepreneurial Services opened business incubator offices in Frazee, MN, in December in cooperation with Frazee's Economic Development Authority (EDA). The Business &amp; Entrepreneurial Services (BES) has been collaborating with area communities on helping grow businesses in the region for the past two years. Frazee's EDA and BES worked on this collaboration over a six-month period after reviewing the current incubator model in Detroit Lakes located on the campus of M State.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"The Frazee EDA is excited to be one of the first to help facilitate this opportunity,” says Jonathan Smith, administrator, City of Frazee. "We feel this will be a vital part of enhancing everything Frazee has to offer and brings a new dimension to our downtown. We are excited to partner with M State's BES and look forward to great results.”</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">The business incubator is housed in a building purchased by the Frazee EDA, which has partnered with M State's BES to manage and provide the infrastructure needed. The incubator offers multi-use traditional office space, retail space and industrial space for new to nearly new businesses to lease and grow their businesses or explore ideas and inventions. In addition to office space, incubation tenants receive support services including copy/fax/printing networks, a conference room with Skype capabilities and conference calling, a reception area, and limited administrative support. Business counseling, training and education are also offered for tenants</span></p></div> ]]></description>
<pubDate>Mon, 7 Feb 2011 17:02:07 GMT</pubDate>
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<title>Entrepreneurship Education in Action: An Entrepreneur is Born</title>
<link>http://www.nacce.com/news/news.asp?id=58168</link>
<guid>http://www.nacce.com/news/news.asp?id=58168</guid>
<description><![CDATA[<div><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">In early December,a new business opened in Raleigh, NC, that illustrates the power of entrepreneurship education. The business is Sparians Midtown Bowling Boutique, a 30,000-square-foot, $3.6 million complex that blends bowling, dining and family entertainment. It is the brainchild of Chris Angel, who developed the business plan for the concept as a result of attending the Planning the Entrepreneurial Venture” (PEV) course at Wake Technical Community College.<br><br></span></div>
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<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Developed by the Kauffman Foundation, PEV gives step-by-step instructions on developing a business plan for starting and managing a small business. According to Fred Gebarowski, Wake Tech's director of Entrepreneurship, the business plan Angel developed as a result of his participation in the course was the best he'd ever seen. "It was so good that I was hard pressed to ask any questions about it,” says Gebarowski.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"The course was phenomenal to me in that it gave me a lot of the concepts but also invaluable tools,” says Angel. "Kauffman provided a template that really helped me build out the plan. The financials were the same way; we had very in-depth financials because we had to show the investors what they were going to get. My business partner, Alan Fluke, sent the plan around to contacts he has nationally and everyone said it was a great business plan.”</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">After finishing the PEV course, Angel spent 12 months writing his business plan. "The message here is that rarely does someone have their business plan finished at the end of the course,” says Gebarowski. "It actually took Chris 12 months to get all the information he needed, to touch all the bases and do all the research. But the course gives you the tools and the knowledge to put the business plan together.”</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">After seeing the business plan Kane Realty Corporation, developer of North Hills, a multi-use district that has revived Raleigh's mid-town district, agreed to provide $1 million in tenant allowances. Then, using an investor forum, Angel and his partner raised the additional monies they needed to launch their first location, which they envision as the flagship of what will soon become a chain of Sparians. Each location will have approximately 100 employees, including six to eight full-timers, generating lots of employment opportunities.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"><strong>Support at Home</strong></span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Angel credits his wife with finally getting him on the entrepreneurial path. He worked in sales and marketing for global software companies for 15 years but had long desired to have his own business. "The challenge was that I was in a very lucrative profession; leaving a job with a six-figure salary plus commission is difficult,” he says. "But I had this desire to be an entrepreneur and I'd always talked about it with my wife. Then about two and a half years ago, she looked at me and said, ‘You talk about it all the time; when are you going to do it?' And it hit me between the eyes that I needed to take practical steps. We had a discussion about what this is what it would take as a family and she agreed to do this.</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"When I first went to the first class, the room was packed, but by the third or fourth class you see people whittle down,” says Angel. "So many people have a great idea and then they realize it's going to be a lot more work than they anticipated. You really have to have that dedication.”</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">"One of the greater values in the front end in the course is that it gets people to think about whether they're cut out to be an entrepreneur,” says Gebarowski. "Then the next part gets into the feasibility of the business idea – is it something that someone is going to pay you to do and that you can make enough money to meet your personal goals? Initially when we started running the program, we were full with 24 students and then by the end of the session there would be 10 to 12 people. I realized I was doing a service by helping people find out they weren't cut out to be an entrepreneur or their concept couldn't be turned into an idea that could make money. The course helps you be introspective in the beginning to make good decisions.”</span></p>
<p><span style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">As for Angel, he has no doubt that he made a good decision. "I just wish I'd done it sooner!” he says.</span></p></div> ]]></description>
<pubDate>Mon, 7 Feb 2011 16:47:42 GMT</pubDate>
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