Becoming An Entrepreneur

Becoming An Entrepreneur

Who among you is considering becoming an entrepreneur?

Why Become An Entrepreneur?

Freedom to pursue your dreams

Be your own boss

Control your destiny

Opportunity to achieve financial success

Roads To Financial Success

Inherit

Marry

Win the lottery

Build a business

How To Become An Entrepreneur?

Buy an existing business

Traditional Engineering– Buy in to an existing business

Non-traditional Engineering – Create a new business – Solve previously unsolved problems – Urban Science Story

From Dots To $ - An Entrepreneur’s Story

Drawing dot maps on a computer

Urban Science Success Strategy

“Doing what others said couldn’t be done.”

– Dot maps

– Large scale optimal location analysis

– Large matrix data analysis

– Laser printing before laser printers

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1977 1982 1987 1992 1997 2002

Revenue

Key Characteristics Of An Entrepreneurial Engineer

Engineering degree

Business training and management skills

Risk tolerant

Vision for a better world

Can do attitude

Commitment

Until one is committed there is hesitancy, the chance to draw back, always ineffectiveness.

Concerning all acts of initiative (and creation) there is one elementary truth the ignorance of which kills countless ideas and splendid plans:

That the moment one definitely commits oneself then Providence moves too.

All sorts of things occur to help one that would never otherwise have occurred.

A whole stream of events issues from the decision raising in one’s favour all manner of unforeseen incidents and meetings and material assistance which no man could have dreamt would have come his way.

Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it.

Begin it now.Goethe - 1800’s

Becoming An Entrepreneur

Who among you is considering becoming an entrepreneur?

What Is CEO?

An organization whose mission is

“to inform, support and inspire college students to be

entrepreneurial and seek opportunity through enterprise

creation.”

What Is The Engineering Ventures Program?

A program to identify, train and mentor engineering students interested in considering an engineering career in an entrepreneurial setting

The Engineering Ventures Program will include:– Traditional engineering education – Non-technical and interpersonal skills training– Leadership training – Career plan mentoring and participant motivation– Real world entrepreneurial experience

Engineering Ventures Program

Endowed Chair committed in 2004

WSU chapter of CEO opened in 2005– Help identify entrepreneurs– Host training and motivation seminars– Build a network of entrepreneurs

Formalize non-technical education path

Establish mentoring and motivating program

Establish real world entrepreneurial experience program

Establish venture capital connections

EV Performance Measurements

2009 – Number of students through program

2014 – Number of graduates running their own business

2019 – Number of E&Y Entrepreneur of the Year Awards

2024 – Number of endowed chairs in College of Engineering

2029 – WSU EV program widely viewed as best in world