Category Archives: Entrepreneurs

Keiretsu

Keiretsu is a business term that defines a relationship between two businesses that is equally beneficial. This practice is often used between big businesses, such as corporations or manufacturers. This practice was developed in Japan after World War II. Banks encourage companies at the time to give each other deals on products and services to promote mutual success and, I am sure, improve the economy.

Michael Mann, the entrepreneur who bought seo.com for a newly acquired business, operates his entire investment fund after Keiretsu. He says that the purpose of this practice is to allow each small business that he has acquired to have reduced expenses.

48% said they would fire their boss if they could, 29% would have their boss assessed by a workplace psychologist

Statistics on Bosses: Leaders or Managers, Who Makes a Good Boss?

Leadership is very different than management. A good boss may have leadership skills and management skills but use them interchangeably at appropriate times. A leader inspires, leads by example, and forges the way for others. A manager focuses on assigning tasks, making sure those tasks are completed, and that the employees have the resources needed to complete such tasks.

“48% of employees would like to fire their boss; 29% would like to have their boss assessed by a psychologist” – badbossology.com

I referred to this statistic once before. Possibly those bosses who employees would like to fire are more managerial oriented than they should be. A great quote sums it up.

The Tech Valley Collegiate Business Plan Competition

The Tech Valley Collegiate Business Plan Competition is hosted by the Severino Center for Technological Entrepreneurship at Rensselaer Polytechnic Institute’s Lally School of Management and Technology in Troy, New York. The competition is designed to advance learning and introduce students to the career choice of entrepreneurship. The contest is also sponsored by Heslin Rothenberg Farley & Mesiti P.C., Rensselaer’s Incubator Program, and the Center for Automation Technologies and Systems (CATS), with support from The Center for Economic Growth.

The winners of the Tech Valley Collegiate competition take home up to $50,000 in cash and prizes. The cash awards are as follows: first place – $5,000, second place – $4,000, and third place – $3,000.

The University of Akron Fitzgerald Institute of Entrepreneurial Studies Business Plan Competition

    The Fitzgerald Institute of Entrepreneurial Studies at the University of Akron has hosted its business plan competition since 2002. However, the Fitzgerald Institute web site lists no information on results from the 2006 competition or details for a possible 2007 competition. All information in this article will assume that the competition is on-going.

    Competition organizers at University of Akron have traditionally divided the teams into two divisions: graduate and undergraduate categories, each with their own finalists and independent prizes. The 2005 competition awarded $3,000 to first place in each category, with second getting $2,000. The 2006 competition site does not mention the different divisions, just prizes of $2,500 for first place, $1,500 to second, and $500 for the third place winner.

Gonzaga University Business Plan Competition

    Gonzaga University’s Business Plan Competition is hosted by the school’s Hogan Entrepreneurial Leadership Program in cooperation with Eastern Washington University’s Center for Entrepreneurial Activities and Whitworth College’s School of Global Commerce and Management. The competition claims to be the largest in the inland Northwest and provides more than $42,000 in prize money.

    In addition to the three institutions of higher learning that participate, there are three different categories for competition. First is the Student-Generated division – all members of the team must be enrolled students and their business must be based on an original student idea. First place in this competition is sponsored by Itron Corporation and the winner takes home $10,000. Second place receives $5,000, and third gets $2,500.

The University of Wisconsin-Madison G. Steven Burrill Technology Business Plan Competition

    The G. Steven Burrill Technology Business Plan Competition is hosted by the University of Wisconsin-Madison and supported by that institution’s School of Business, College of Engineering, College of Agricultural Sciences and Law School, as well as the Initiative for Studies in Technology Entrepreneurship and the University of Wisconsin Technology Enterprise Cooperative.

    The competition is named for G. Steven Burrill, chief executive officer of the Burrill & Co. investment firm in San Francisco, who earned his bachelor’s degree from UW-Madison’s School of Business in 1966. It has existed since 1998, but it was originally known as UW TEC Prize.