University of Nevada, Reno Master of Business Administration student Nicolo Monforte and Matt Linder, a University of California, Davis graduate, took home this year’s $50,000 grand prize at the annual Sontag Entrepreneurship Competition for their company, Sturn Designs.
So while a crop of “unicorns” have grown up, the number of new small business startups has declined. This is concerning news because small businesses have been the bedrock of the U.S. economy. A revival of small business entrepreneurship — business founders not looking to land millions in venture funding or build billion-dollar companies but focused on building strong, profitable small businesses — is one of the keys to unlocking new economic growth and stable job gains. Among all the focus on high-growth startups, we need to rediscover the pride and power in small business entrepreneurship. Here are three things that prospective entrepreneurs should consider when looking to build a new entrepreneurial business.
University of Nevada, Reno student and community leaders gathered to celebrate and promote women in entrepreneurship at the launch of the Ozmen Center for Entrepreneurship Women’s Initiative, Thursday, May 26 at the University of Nevada, Reno’s Innevation Center Powered by Switch. The launch included a mayoral proclamation from Reno Mayor Hillary Schieve, a screening of the first video in a series designed to promote female achievements in local entrepreneurial activity, and a brainstorming exercise to address women’s issues in entrepreneurship.
If you flip through the pages of the latest business magazine or read the online headlines you might be under the impression that twenty-somethings are leading a surge in entrepreneurship while baby boomers settle for more traditional business roles. The reverse is actually true. As Dane Stangler of the Kauffman Foundation noted in testimony before the U.S. Senate last year, “Americans in the 55-64 age group start new businesses at a higher rate than those in their 20s and 30s. This has been true, by the way, in every single year from 1996 to 2013.”
With assistance from some local sponsors, the Center for Unique Business Enterprises (CUBE) at Midtown, formerly known as C4CUBE, a nonprofit business incubator, wants to provide up-and-coming businessmen and women the leverage to achieve their goals, including resources and connections to angel investors and local talent to make their companies thrive.
Eric Madison, 43, grew up in Franklin, N.C., and has lived in Washington, D.C., New York City, Silicon Valley and Reno. He has a bachelor of science degree in computer science, physics and math from the University of North Carolina. He is currently the executive director of the CUBE at Midtown, a business incubator and startup community center. He’s also worked as the director of Internet engineering at MCI where he built 238 data centers in 38 countries, as a serial entrepreneurs forming seven startups in Washington, D.C. and Silicon Valley, including three that went IPO on the Nasdaq stock exchange.
Across Nevada, prospective students are examining the best options for furthering their educations. This includes everyone from graduates fresh from high school as well as adults who are returning to school to further their educations, advance their skill sets or pursue new career paths. We’re fortunate, here in Nevada, that opportunities abound when it comes […]