In most fields, a lack of innovation usually results in a downward spiral of the entire industry, and the same is true of education. For too long, children have been taught their ABCs and 123s without enough education on how their knowledge will apply in the real world, and too many unique teens with different goals, talents and gifts have been forced down the same conventional path like it’s a one size fits all solution. While many things need to change to fix this problem, there’s one great place to start: teach entrepreneurship to students. Here’s why:
December is National Write a Business Plan month. Business plans are popular discussion topics when it comes to starting a business or doing something entrepreneurial. If a prospective business owner is serious about taking a risk and making the leap into an entrepreneurial endeavor, he or she should take time and focus on producing a solid, well-written, and well thought-out business plan.
What should be in the business plan? Here’s what Forbes Magazine suggests: Continue reading
According to Guy Kawasaki, author of “The Art of the Start,” you don’t have a business model if you can’t describe it in ten words or fewer. What’s his point? Investors want to know how your business will make money. I’m sure you already know that in order for your business to survive it needs to bring in enough revenue to cover expenses and to cover overhead costs. The good news is that someone else has already figured out business models that work! So, you don’t have to try to reinvent the wheel with this one, and Guy doesn’t recommend it. Mr. Kawasaki says that the smart approach is to relate to a successful and already understood business model.
How do you define your business model? Guy recommends starting with two questions: “Who has your money in their pockets?” and “How are you going to get it into your pocket?”
Not sure where to find already accepted business models? Below we’ve listed a few commonly used business models: Continue reading
Conrad Egusa, former writer for Venture Beat turned entrepreneur, found in his time as a reporter that one of the hardest things for entrepreneurs to do was find contact information for those people they thought might be interested in reporting on their company.
For startups and entrepreneurs looking for press coverage, it is time consuming to collect the contact information of tech reporters. Instead of having entrepreneurs and small businesses, which already have limited resources, spend hours finding the emails of technology reporters, they decided to spend 100 hours creating a comprehensive tech reporter contact list. Continue reading
Arkansas Capital, through its affiliate, the Arkansas Economic Acceleration Foundation, (AEAF) is pleased to announce that Kordate Solutions, representing the University of Arkansas at Fayetteville, has won the graduate division of the eighth annual Donald W. Reynolds Tri-State Collegiate Business Plan Competition.
Kordate Solutions, representing the University of Arkansas at Fayetteville, won the graduate division of the Donald W. Reynolds Tri-State Collegiate Business Plan Competition. Photo from www.kordatesolutions.com.
Led by Kenny Bierman and Phillip Turner, with Dr. Carol Reeves as faculty advisor, Kordate Solutions focuses on developing a therapeutic Alzheimer’s drug using the peptoid JPT1 to treat Alzheimer’s disease from early on-set to severe dementia.
Joshua Baker, representing Agricultural Innovations from Arkansas State University in Jonesboro, beat out five other teams to win the graduate division of the Tri-State Elevator Pitch competition. He took the stage at the Tri-State awards dinner to tell the audience – in 90 seconds – how his team’s business model offers a more efficient approach to farm irrigation with WellsVision, a sensor-driven automated irrigation system. Continue reading