Entrepreneurship
Entrepreneurship is a process, and it is essential because it drives economic growth, creates jobs, and fuels innovation. By identifying and seizing opportunities, entrepreneurs play a crucial role in shaping the future and contributing to the success and prosperity of communities worldwide.
In our Capstone class last night, we dove deep into the fascinating world of business-level strategy, using McDonald’s as a…
Read More
We challenge the prevailing narrative that positions venture capital as the only viable route for entrepreneurial success. This article delves into the often overlooked yet vital reality of entrepreneurship that operates beyond the high-energy pitch competitions. We highlight alternative support systems like the University of Notre Dame’s McKenna Center – Urban Poverty and Business Initiative, which provide crucial resources for a diverse range of business models. By exploring the Corridor Principle, we emphasize the emergent nature of entrepreneurship, where opportunities unfold dynamically as the journey progresses. Join us in rethinking the ecosystem of business creation, focusing on inclusivity and sustainability in supporting true entrepreneurial spirit.
Read More
Transitioning to a manager poses a significant challenge for entrepreneurs. Balancing creativity with structured organization is key. By empowering our team and implementing efficient systems, we ensure sustainable growth.
Read More
Shared thinking is a powerful tool that can lead to faster, more mature, and more creative thinking, resulting in better outcomes. Great ideas are often the result of collaboration and building on each other’s good ideas. As a Romanian born artist once said, “Creativity is to see what everybody has seen and to think what nobody has thought,” and shared thinking can help individuals tap into that creativity and generate new ideas and solutions that may not have been possible through solo thinking.
Read More
The promise of securing funding from investors or commercial lenders can be enticing. Yet, it’s important to be aware of the many misconceptions and common myths that come along with it. Investing in mentorship and education, understanding the language of business and finance, and exploring alternative funding methods are all essential to building a successful business.
Read More
Key partnerships and activities provide businesses the tools to access vital resources, gain a competitive advantage, and ultimately create more customer value. However, identifying and leveraging these components can be a challenging process.
Read More
Commercial loan specialists must understand and utilize the Business Model Canvas and Lean Startup Methodology. By doing so, they can stay competitive, make informed funding decisions, reduce the risk of failure, and support the growth of innovative businesses.
Read More
As a consultant, I work with small business owners to help them achieve their goals and grow their companies. One common challenge I see is the transition from a “lifestyle business” to a managed growth business. This transition can be difficult, as the owners must shift their focus from their personal needs to the needs of the business, and implement new strategies and systems to support growth.
Read More
As a business owner or leader, it’s important to stay ahead of the curve in today’s rapidly changing marketplace. One way to do this is by fostering creativity and innovation within your company. Not only will this help you stay competitive, but it will also attract the next generation of workforce leaders who are seeking exciting, dynamic work environments.
Read More
Small family businesses play an important role in the economy, providing jobs and services to communities, and serving as engines of growth. However, as the owners age and consider retirement, they may face the decision of selling the business to a prospective buyer. This can be an emotional and complex process, as it involves not only the transfer of the business itself but also the financial and personal well-being of the owners and their families.
Read More