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Missouri Student Unions Entrepreneurial Program Presentation March 11, 2013
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Mission – Enhance the student experience Goals Nurture creativity Encourage entrepreneurial education ▪ Finance ▪ Management ▪ Marketing
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Gathered campus entrepreneurial experts together to form a committee including representatives from: Entrepreneurial Alliance Technology Business Development Student Success Center MU Entrepreneurial Club
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Committee actions: Formulated the operational structure Designed the application and hiring process ▪ Missouristudentunions.com Yearly review the applicants and interview the top submissions
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Student business selected gains 325 square feet space High profile location 18,000 daily visits the space is rent and utility free Free advertising opportunities
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Unsure of level of success Five applicants Chose OMG Coupons Listener Approved MizzMenus
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Identify a viable retail business Had 1 applicant Indiependence Boutique http://vimeo.com/32180054 http://vimeo.com/32180054
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Challenges for student entrepreneur Start-up costs Staffing Operating hours
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Five applicants Novelty – retail store for Chinese goods Sol2 – solar chargers for iphones and ipods Flying Panda – custom apparel Fanifest – social networking platform for scheduling live shows Utilizing US Bank Scholarship Fund
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Jewelry Apparel Handbags Coffee Mugs Umbrellas Sunglasses Scarves Prices from 1.50 to 180.00
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- Great Hours - Secured a Budget - Hired Staff - Rewards Program
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- Marketing/Advertising - Knowing about events on campus - Not changing inventory often - Hired a staff to watch the store - Not taking advantage of campus resources
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University Center for Innovation & Entrepreneurship MU Entrepreneurs Club Student & Auxiliary Marketing Department Buying Office expertise
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- US Bank Scholarship - Free Merchant Services - Press Releases - Assistance as Requested
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- Student Charge - Partnership with Business School and Entreprenuerial Club - Year end presentation - $6,000 in Retail Shelving
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Program has strong appeal to potential donors Recent alumni gift - $25,000 Alumni Advisors
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Thank you for your time and consideration when it came to believing in my vision when no one would. Through this I was able to perfect my plan without wasting my life savings! I am ready to be Cahki! Are you? - Kiarah Ivory Link to Kiarah Ivory’s Blog: http://kiarahivory.wordpress.com/2012/10/05/ trails-and-triumphs-what-makes-us-stronger/
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