Category Archives: Business Plans

CSUF Course Recommendation for non-Business Majors Interested in Starting their own Business

student-at-workNot every entrepreneur is a business major; far from it actually. But the reality is that without some basic entrepreneurial skills it is extremely difficult to successfully launch a business. What should a CSUF student who is not majoring in business but wants to start a company do?

Those intrepid students should take BUAD 310 Starting and Managing a Professional Practice/Small Business. This course is designed to help these students develop the skills needed to go from business concept to launch. Over the course of the semester, students in this class are guided through the process of developing an actionable business plan by the professor, Jeff Longshaw, and a mentor who has a wealth of experience as an entrepreneur or professional.

Recently, Center for Entrepreneurship Director John Bradley Jackson gave an interview about the importance of this class to non-business majors at Cal State Fullerton:

Professor John Bradley Jackson, director of the Center of Entrepreneurship at California State University’s Mihaylo College of Business and Economics, said he noticed a trend of recent graduates working as independent consultants instead of heading right into entry-level jobs.

“The transition for the college graduate to the workforce isn’t what it used to be,” Jackson said, but added that “entrepreneurship is a way of thinking—trying to make the planet better through small changes—and that type of mindset is perfect for the gig economy.”

From Physics to Fashion to Photography

The entrepreneurship class at California State University at [sic] Fullerton challenges students to come up with business plans, assigns them mentors and divides them into teams to develop business models. Near the end of the class, students present their models to a panel of investors who give them feedback on their work.

Jackson said that students from a diverse array of majors bring a host of helpful skills and talents to the class. The class’ success stories included a master’s level physics student who used her science background as well as what she learned in the entrepreneurship class to open a pop-up toy store that encourages customers to experiment with educational toys— including, of course, science toys—before committing to a purchase.

The student discussed in that quote is Iris Dorne who recently launched Rad Toy Store where she sells STEM-themed toys to kids. Here is an excellent write up of Iris.

Students in this class will learn about:

  • How to Craft a Business Concept
  • How to Develop a Business Plan
  • Legal Issues
  • Marketing a Small Business
  • Finance
  • Tax Issues
  • Managing Risk

Many students who have taken this class have had great things to say about the immersive learning experience offered by this class.

If you are looking for a class that can open up a brand new horizon for your career then you should seriously consider taking BUAD 310 during the upcoming semester!


#CSUFEntrepreneur #CSUFStartup

Become a CSUF Entrepreneurship Insider to keep up-to-date on all the events, news, and everything else we do: http://bit.ly/CSUFStartupSignup

For more details on CSUF Entrepreneurship: http://bit.ly/CSUFEntrepreneurship

For more details on how we help people become entrepreneurs: http://bit.ly/csufstartup

Attend one of our entrepreneur events or sign up for a free mentoring session: http://bit.ly/CSUFEntrepreneurEvents

Business Plan Competition 1st Boot Camp on January 15, 2014

“Business Plan Competition
1st Boot Camp”
SGMH 1307, 1:00 – 3:00pm
January 15, 2014

The purpose of the Business Plan Competition is to promote entrepreneurship amongst CSUF students from every college. No prior business plan writing experience is needed; all the information you will need to compete will be discussed at the Boot Camps or can be found here. For more resources to help you with the CSUF Business Plan Competition please go here.

Since the inaugural year of the CSUF Business Plan Competition we have seen a wide variety of business ideas make it to the finals. Whether your idea is a barbershop or a tech company your idea has the ability to go far in our competition if you make a compelling enough case for its success.

If you are interested in this competition please sign up for our CSUF Business Plan Competition Newsletter so that you will be kept up-to-date on all the latest information.

Perfecting Your Elevator Pitch – TCVN Event

Our friends at the Tech Coast Venture Network are hosting an event to help people perfect their elevator pitches in preparation for their Survivor 8 competition. The preparatory event will be held on Thursday, October 17, 2013 from 8:00am to 10:00am at the following location:

Haynes and Boone, LLP
18100 Von Karman Avenue
#750
Irvine, CA 92612

If you are a CSUF student and would like to attend this event please email Travis at tlindsay@fullerton.edu and I will get you comped for this important event. Details below:

Perfecting Your Elevator Pitch:

How to win $25K @ Survivor 8 On November 8th

Click image to go to event page

Learn the effective techniques needed to create a winning “Elevator Pitch” to win it all at our upcoming November 8th 2013 Survivor event. This pitch will also be helpful to raise money for outside early stage investment scenarios.

We will have a contest for all participants to have their pitch reviewed by a group of serial entrepreneurs and TCVN board members. One winner will get a free ticket to Survivor 2013!

Why is this important regardless of how much money you’re raising? 

The first thing every investor wants to hear is your elevator pitch. Without it; you will likely not get the right attention to get you capital.

Host Workshop :

Ash Kumra (Chairman of TCVN & DreamItAlive.com Co-Founder)

You can also click this image to go to the event page

Ash Kumra is an award winning entrepreneur, author and public speaker recognized twice by the White House as an entrepreneur making an impact. Ash is currently co-founder of DreamItAlive.com; an online community empowering users to achieve dreams in all areas of life using Dreamboards, visualization, community, helpful products & content.
Ash is also a public speaker specializing conscious entrepreneurship, law of attraction & social media. Ash has also spoken to over 10,000 people on entrepreneurship, social media and branding for many colleges, institutions, and organizations including the White House & TEDX.

In 2006; Ash co-founded digital content distribution agency DesiYou; the 2010 recipient for “Best Digital Media” company by the Irvine Entrepreneur Forum.

Register Today!

The Importance of Financial Literacy

Student learns about personal finances

Being financially literate isn’t something you are born into or passively acquire as you get older. It is something that you have to actively learn. And it’s better to start now then to wait until it’s too late.

Everyone knows that the literacy rate is not where it should be but people do not usually stop to consider the problems associated with a lack of financial literacy. Think about it, if you do not understand the differences between a savings account and a CD then you will probably be met with some financial difficulties in the future (to put it mildly).

Unfortunately, far too many people graduate from high school without even the slightest bit of training in this area (according to a recent study, only 14 states require courses on financial literacy to be taught at the high school level). Not preparing for the future can hamstring your life in so many ways and the longer you wait to do something the less impact it necessarily has. In our recent post, Why Your Twenties Matter, we showed that your twenties are crucial years in your life because, statistically speaking, the choices you make in your twenties have more of an impact on your personal, professional and financial lives.

For example, according to Bankrate.com, if you start investing $2,000 per year starting when you are 25 then you will have about $560,000 in the bank once you reach 65 (assuming an 8% rate of return). However, if you don’t start saving $2,000 per year until you are 35 then you will only end up with about $245,000 at 65 (assuming an 8% rate of return again).

So, what are we really talking about here? I think the best way to answer that question is by quoting PBS’ quality site on this subject:

The President’s Advisory Council on Financial Literacy defines personal financial literacy as “the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.” (2008 Annual Report to the President)

Personal financial literacy is more than just being able to balance a checkbook, compare prices or get a job. It also includes skills like long-term vision and planning for the future, and the discipline to use those skills every day.

The PBS site is a repository of great information on the subject that can be useful to everyone. Within that site there are resources such as:

  • Help on planning for retirement
  • A wide array of financial calculators
  • Definitions of common words found in the financial sphere
  • There are even quizzes to test your absorption of the material

Another site you can look to for information on this subject is MyMoney.gov. From their site:

MyMoney.gov is the U.S. government’s website dedicated to teaching all Americans the basics about financial education. Whether you are buying a home, balancing your checkbook, or investing in your 401(k), the resources on MyMoney.gov can help you maximize your financial decisions. Throughout the site, you will find important information from more than 20 Federal agencies and Bureaus designed to help you make smart financial choices.

Recently, Center for Entrepreneurship Director and Professor John Bradley Jackson participated in a seminar hosted by the Center for Economic Education on campus to help people become more financially literate. Talking about how to formulate a business plan, Professor Jackson explained to those in attendance what the purpose of a business plan was, how to develop one and resources that they could use to help them in their business endeavors.

Center for Entrepreneurship Director John Bradley Jackson lectures on the importance of business plans to a group of people who are hard at work improving their financial literacy skills.

Center for Economic Education Director Dr. Radha Bhattacharya oversaw a full slate of presentations like Director Jackson’s. “Teaching Economics,” “The Stock Market Game and Personal finance” and “Future Financial Life” were just three of the other presentations given through this day of financial literacy bolstering. If you would like to know when the next event like this is going to happen please follow the Center for Economic Education and the Center for Entrepreneurship as well.

CSUF Business Plan Competition 2013 Finals

After months of hard work by our student entrepreneurs we have a winner! But before we get ahead of ourselves here let us first talk about the Finals.

It was a morning event and, unlike the first CSUF Business Plan Competition Finals, we had good weather, which was nice. The three finalists – Synova Life Sciences, NixFix Chasers and The Edge – were all in top form during their presentations and each team impressed our judges and the crowd. It was a close competition (very close actually) and in the end Synova Life Sciences won the day with NixFix Chasers taking second place and The Edge third.

(Watch this video summary of the event for some more depth about the Finals)

Synova Receiving 1st Place Award
From L to R: Thomas Flores, Bryan Trivedi, Cesar Enchante, John Chi & John Bradley Jackson

This competition is a rigorous event that forces all entrants to address the important aspects that face every new business such as:

  • How will you market this business?
  • Who are your customers?
  • Who is on your team and what holes do you need to fill in your founding team?
  • What is the competitive landscape?
  • How much funding do you need to successfully launch this business?
  • How will your company fair financially over the coming three years?

NixFix Receiving 2nd Place Award
From L to R: Nick Ajluni & John Bradley Jackson

And so on with these probing questions which elicit much more circumspect plans from our students. These are the kinds of questions that every entrepreneur must face while launching a business and being able to put forth these questions to students before they take their first steps on this journey is invaluable to their growth as a student entrepreneur.

What is really impressive about many of the plans that we saw during this competition is that they are in the process of launching these businesses or will soon launch them (included in this group are all three finalists). Of course, some of the student entrepreneurs won’t end up launching their ideas but some will, which is what is important.

The Edge Receiving 3rd Place Award
From L to R: Mayra Figueroa & John Bradley Jackson

In the future we plan on doing some posts on the individual teams that participated in this competition so make sure to check back from time to time.

CSUF Business Plan Competition 2013 Finals

You are all invited to the CSUF Business Plan Competition 2013 Finals

Who: All Students are welcome – an Opportunity Drawing will be held for all students in attendance, prizes include: iPad Mini, Angels Tickets, concert tickets, lodging at a resort and more (student ID must be shown in order to enter Opportunity Drawing)

Faculty, alumni, staff and everyone else who is a friend of entrepreneurship is welcomed to this event as well (sorry, you will not be eligible for those wonderful prizes however)

What: CSUF Business Plan Competition Finals. The Top 3 CSUF teams will present their business concepts to a panel of distinguished judges and one team will be crowned the winner.

When: this Wednesday, April 17 from 9:30am to noon

Where: TSU, Pavilion A

CSUF Business Plan Competition Boot Camp 2013 Summary

*****NOTE: FOR RESOURCES YOU CAN USE PLEASE CLICK HERE *****

The CSUF Business Plan Competition 2013 is a CSUF competition that aims to help stimulate entrepreneurial activities amongst its students. In an effort to help foment some of this activity we have been hosting some Boot Camps over the last couple of weeks and we will be hosting two more. Both of the remaining Boot Camps will take place on Wednesday, February 6 2013; one will be held on the main Fullerton campus and the other on the CSUF Irvine campus. Here are the details:

Wednesday, Feb. 6 Third Boot Camp (with Raffle Prizes)
Fullerton Campus: 10:00am to 11:00am in SGMH 3230
Irvine Campus: 6:00pm to 7:00pm in rooms 123/124

If you are unable to make it to either of these Boot Camps nor have you attended either of the previous ones that does not mean you cannot enter this year’s competition. All you have to do to enter is sign up for the competition through TITANium (directions found in the GUIDE) by Friday, February 15 and meet the deadlines for all further steps (again, directions and information can be found in the GUIDE). However, it is helpful if you are able to attend one of the upcoming Boot Camps. Here’s a taste of what you can expect.

For more information on this competition’s schedule please refer to this page. More information will follow during the next couple of days and if you want to keep up-to-date please follow us in one or more of the following places:

Also, we will be using the hash tag #CSUFBizPlan2013 to identify all of our posts about the competition.