Tag Archives: entrepreneurship

Workshop on Opportunity Recognition & Being an Entrepreneur: A Conversation with Professor Z

19 Mar

How many ideas do you think of each day?

idea overload

One student attending this workshop said he’s continually thinking of ideas, sometimes adding up to over 20 ideas per day!

But what makes one of those many ideas, the one idea that becomes an opportunity for an entrepreneurial venture? In order to answer this last question, Professor Laura Zavelson created a list of questions to ask yourself about your idea:

  • What problem am I solving
  • How much do I like this – am I passionate about this
  • Do people want or need this
  • Am I the right person to pursue this idea or do I know someone with the domain knowledge who can help
  • Is there any competition
  • Which idea has the biggest financial up-side
Professor Laura Zavelson

Professor Laura Zavelson

“As an entrepreneur, time is your most valuable asset” ~ Laura Zavelson

Another thing to consider is whether this idea is an “on-the-couch” or “off-the-couch” idea. If you think about what technology enables us to do, we can accomplish a lot from our couches at home; we can do market research, create spreadsheets, forecast financials, create our business model, develop our business plan, research our competition, and find possible customers (to name a few). However, the one thing you cannot do, is start a business from your couch.

In order to successfully start a business from an idea,  you need to:

  • Talk to people, any kind of people, about your idea and get their feedback
  • Talk to potential customers
  • Talk to experts in the field/industry and hear what they have to say
  • Get yourself out there!

If you have an idea and have been able to determine that it is in fact an opportunity, ask yourself this:

  • What is my idea exactly (in 3 sentences or less)? Note: your first answer may not be the best one but a good rule of thumb is to ask yourself “WHY” 3 times. When you define your idea, or the problem you’re solving, or what you think makes it a good idea, make sure you can ask yourself “why” three times and have an answer
  • Who will benefit from this idea (i.e. your customers, etc.)?
  • Where do I want to start this business?
  • What problems am I solving? (list these)
  • Why is this a winning idea?
  • How will I make money through this?

So, are you ready to start a business yet?!?

If you have any questions OR if you want your business idea to be the focus of our next workshop and have SEED go through this process and help you answer these questions, please contact Atticus Grinder at agrinder@elon.edu

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TEDx at Elon!

8 Feb

TEDx Elon

The Theme: Innovation into Practice

When: Saturday, February 22, 2014 @ 1:00PM

Learn More

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Sign up!

8 Feb

Southern Entrepreneurship in the Arts Conference

“Orchestrate Your Creative Future”

Learn More & Register Here

When: February 22, 2014 @ 9:00AM – 6:00PM

Where: Elliott University Center @ UNC Greensboro

Who: Students & Emerging Artists

Entrepreneurial Teens: Teen proposes dog beach permits for pet’s collar

30 Jan

sfl-nicholas-bourdon-and-his-chesapeake-bay-retriever-chessie-20140121

http://www.sun-sentinel.com/news/palm-beach/fl-boca-youth-proposes-new-dog-beach-permit-20140121,0,7946781.story

An article, posted by the Sun Sentinel, one of Florida’s premier newspapers, picked up a story about a 17-year-old high school junior and his entrepreneurial way of thinking.

What are your thoughts on his idea?

Do you have any comments for Nicholas?

Please Share, We Love To Hear From You!!!!

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Bangs Shoes

7 Oct

Bangs Shoes

Next meeting, this Tuesday, October 8th at 5:00 PM,  SEED will be hearing from the founder of Bangs shoes. This is a great opportunity to talk to someone who started her own company and works internationally.

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York College of Pennsylvania Elevator Pitch Competition

7 Oct

York College of Pennsylvania Elevator Pitch Competition

Round 1 – your pitch recorded electronically!

You have 3 minutes to present your business idea via a private YouTube video!  Those who score in the top 10 will be invited to give their pitch live to a panel of judges on Nov 21.

Sign up before November 1st! 

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2 Minutes to Win It

7 Oct

2 Minutes to Win It

The N.C. Entrepreneurship Center (NCEC) at UNCG is sponsoring  the third annual “2 Minutes to Win It”  business idea contest, open to full-time students who are at least 18 years old at UNCG, NCAT, Greensboro College, Guilford College, Bennett College, Elon University, Guilford Tech and High Point University.  Prizes will include $1,000 for first place, $500 for second place, $250 for third place and $250 for best presentation.

Entering is easy. Students develop original ideas for any type of business or social entrepreneurship venture.  The only exceptions are that ideas can’t be franchises or something that has already been started by the student. Students can enter multiple times, but all ideas must be submitted online by Oct. 11.