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Friday, September 07, 2012

The Entrepreneurship Educator - July/August 2012

 



July/August 2012
Summer is almost over and classes are beginning. We hope that this will be the beginning of a successful year for your programs and entrepreneurship centers. In this issue we include a valuable resource for social entrepreneurship classes, idea development tools that complement curricula that focus on business modeling, and an example of a comprehensive campus-based student business space.

We welcome innovations and ideas in entrepreneurship education from your programs that you would like to share with your colleagues around the globe. Just send them along to me at jeff.cornwall@belmont.edu

Video Collection for Social Entrepreneurship Programs
“Can I make a living making change? What do I need to do to get my first job in the social sector? Can I be happy being a social entrepreneur like you?”

These are the some of the questions from his students that led Jonathan Lewis, Lecturer at the Blum Center for Developing Economies, University of California, Berkeley, to create iOnPoverty.

iOnPovertyis a collection of free online videos that feature proven social entrepreneurs openly discussing their experiences. The videos were produced to help students from the Millennial Generation better understand what it takes to follow a career as a social entrepreneur.
There are many ways these videos can be used with students. They can be built into curricula by asking students to reflect on what some of the videos might inform them about their career aspirations as social entrepreneurs. Faculty have been using them at the beginning of class as conversation catalysts the same way some professors use "current events". The videos can also be housed on department and career center websites to help students better plan their careers. They can also be sent out to prospective students to give them specific ideas of what social entrepreneurship is really all about.
The videos are available here. Each video runs about 2-3 minutes. The website includes a very helpful topical search feature that can help offer ideas for specific assignments or classroom discussions.

Idea Development Tools
Alex Bruton, Mount Royal University, Canada, has developed what he calls his “Really Big Value Idea Workshop” as part of the movement toward teaching about business modeling. His presentation of this classroom tool won first place in the 2012 3E-Learning Competition held at USASBE.

The workshop uses two poster-size tools that can be found here. The materials at his site can be downloaded, copied, and distributed to students at no charge. You can log in using an existing Facebook or Google account, or create a free account right on the site.

The first tool is the “Idea Sketchpad”, which works in a similar way to the Business Model Canvas. Students can use Post-It Notes to capture their thinking about the People (on their team), the Offering (the product, service or experience they might put together), the Customer (who, specifically, they are going to offer it to, including buyer and user), and the Value Proposition (why the Customer would care, or what problem they will solve for the Customer). There’s also room in the framework for modeling the core Technology if that's relevant to the idea. Specific directions for using it are found right on the page.

The output of the “Idea Sketchpad” can be thought of as the prototype of the student’s idea. This is where the second tool, “Idea Critique Form”, comes in. It provides an easy way for the learner to capture feedback from classmates, potential customers, stakeholders, and other advisors outside of class with the goal of making sure it becomes feasible.

Alex Bruton will be participating in a pre-conference session at USASBE 2013 on business modeling.

Student Business Space
The development of spaces on campus for student entrepreneurs to launch and grow their businesses, such as hatcheries and incubators, is expanding to more and more campuses. While some of these spaces are quite elaborate and offer a rich variety of resources and workspaces, some are quite simple and may simply set aside an office with basic infrastructure. Whatever your budget and space availability on your campus, these programs are proving to attract existing student entrepreneurs and help nurture aspiring entrepreneurs.

The University of Iowa John Pappajohn Entrepreneurial Center offers student entrepreneurs 10,000 square feet of space in the heart of campus called the Bedell Entrepreneurship Learning Laboratory (BELL).
Facilities and programming in BELL includes:
  • 17 private, secure furnished offices, many large enough to accommodate teams
  • High-speed internet access
  • Meeting and conference rooms
  • Office services and equipment including printer, fax, copier, mail delivery
  • Mentoring from staff, community leaders and entrepreneurs
  • Business plan counseling
  • On-site management seminars, workshops, and guest speakers featuring topics important to entrepreneurs starting a business
  • Access to venture capital resources, private investors and local service providers
  • Access to The University of Iowa Technology Innovation Center resources
  • Listserv access
  • Social events and networking
  • Business library
Students must apply for admission to BELL, which is open to both undergraduate and graduate student entrepreneurs. To remain in BELL, students must participate in designated programs and be willing to collaborate with other student entrepreneurs in the BELL program. They are held accountable for their participation and must provide status updates on their ventures and their involvement in the program.
As programs for active student entrepreneurs continue to gain popularity, it is important to ensure that students given access to hatcheries and incubators are taking full advantage of the privilege of participating in this type of opportunity.

Roundtable for Community Entrepreneurs
Last year, the Gayle & Bill Cook Center for EntrepreneurshipatIvy Tech Community College-Bloomington began searching for ways to support the growth of existing small businesses in its Illinois community. The answer it came up with was a program called the PeerSpectives Roundtable System(PRS), which was developed by the Edward Lowe Foundation, an organization established by the inventor of Kitty Litter in 1985 to “champion the American entrepreneur spirit.”

PRS is an innovative peer-to-peer learning tool that uses a facilitated format that focuses on sharing experiences instead of giving advice.According to Steven Bryant, executive director of the Cook Center, their target audience for this program is leaders of revenue-generating companies. “We are looking to provide value to existing businesses that may face challenges at the ‘second stage’ or ‘growth stage,’” he said.

The Cook Center licensed the program and began implementing it in late 2011 under the name Cook Center CEO Roundtable. They now have two roundtables in operation with a third one planned. Each group includes 8-10 CEOs or leaders of key departments of a growing business who come together monthly to discuss tough business issues in a confidential, trusted, and open environment. The roundtable provides a level of accountability as well because the participants are expected to deal with problems each month and report on progress the next time.

“All materials needed for the Roundtables are provided for by PeerSpectives, and we tweak them to suit our needs,” said Bryant. “We recruit local businesses and enroll then in the roundtables through the college’s non-credit side; a nominal fee is charged and space is provided for the monthly sessions.

“We are impressed with the format, short learning curve, ease of implementation, and impact of the program for our existing business owners living the ‘growth stage,’” added Bryant. “It engages entrepreneurs who are already competing successfully, and adds a tool to the toolbox of the existing business, and that’s an audience we don’t want to forget about! It’s one of our more measureable and impactful programs we have offered to date.”



Entrepreneurship Position Listings
Click here to see all new and recently posted positions. Send your Entrepreneurship faculty listings to Jeff Cornwall for a free listing at our site.

Conferences, Grants, Calls, and Competitions
To see a full list of conferences, grants, calls for papers and competitions click here. For a free listing of your event or grant, or to announce a “Call for Papers”send your listing to Jeff Cornwall.

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