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Missouri Student Unions Entrepreneurial Program Presentation March 11, 2013.

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Presentation on theme: "Missouri Student Unions Entrepreneurial Program Presentation March 11, 2013."— Presentation transcript:

1 Missouri Student Unions Entrepreneurial Program Presentation March 11, 2013

2  Mission – Enhance the student experience  Goals  Nurture creativity  Encourage entrepreneurial education ▪ Finance ▪ Management ▪ Marketing

3 Gathered campus entrepreneurial experts together to form a committee including representatives from: Entrepreneurial Alliance Technology Business Development Student Success Center MU Entrepreneurial Club

4  Committee actions:  Formulated the operational structure  Designed the application and hiring process ▪ Missouristudentunions.com  Yearly review the applicants and interview the top submissions

5  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

6  Unsure of level of success  Five applicants  Chose  OMG Coupons  Listener Approved  MizzMenus

7  Identify a viable retail business  Had 1 applicant  Indiependence Boutique  http://vimeo.com/32180054 http://vimeo.com/32180054

8  Challenges for student entrepreneur  Start-up costs  Staffing  Operating hours

9  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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11  Jewelry  Apparel  Handbags  Coffee Mugs  Umbrellas  Sunglasses  Scarves Prices from 1.50 to 180.00

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13  - Great Hours  - Secured a Budget  - Hired Staff  - Rewards Program

14  - Marketing/Advertising  - Knowing about events on campus  - Not changing inventory often  - Hired a staff to watch the store  - Not taking advantage of campus resources

15  University Center for Innovation & Entrepreneurship  MU Entrepreneurs Club  Student & Auxiliary Marketing Department  Buying Office expertise

16  - US Bank Scholarship  - Free Merchant Services  - Press Releases  - Assistance as Requested

17  - Student Charge  - Partnership with Business School and Entreprenuerial Club  - Year end presentation  - $6,000 in Retail Shelving

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20  Program has strong appeal to potential donors  Recent alumni gift - $25,000  Alumni Advisors

21  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/

22 Questions?


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