Nonprofit to launch a porn site? Not a headline one would expect to see, but definitely an attention-grabbing one. More interestingly then the generated pr or crtiticisms and rolled eyes with this recent PETA action is the business impact of this idea. This does seem to have an entrepreneurial nature to it, but definitely not something to hang your hat on. It is worth looking at as a case study, but don't take this as a recommendation for visiting PETA's new .xxx domain.
As the article relates:
An animal rights group, which is no stranger to attention-grabbing campaigns featuring nude women, plans to launch a pornography website to raise awareness about veganism.
The nonprofit organization, People for the Ethical Treatment of Animals (PETA) whose controversial campaigns draw criticism from women's rights groups, said it hopes to publicize veganism through a mix of pornography and graphic footage of animal suffering.
"We're hoping to reach a whole new audience of people, some of whom will be shocked by graphic images that maybe they didn't anticipate seeing when they went to the PETA triple-X site," said Lindsay Rajt, PETA's associate director of campaigns.
PETA has been accused of campaigning for animal rights at the cost of exploiting women. A Facebook group, Real Women Against PETA, was launched after the organization paid for a billboard showing an obese woman with the message: "Save the Whales. Lose the Blubber. Go Vegetarian."
Another critical Facebook group is called, "Vegans (and Vegetarians) Against PETA."
"PETA is extremely disingenuous," said Jennifer Pozner, executive director of the New York-based advocacy group Women In Media & News. "They have consistently used active sexism as their marketing strategy to garner attention. Their use of sexism has gotten more extreme and more degrading.
"This may be in their minds the only thing left at their disposal to lower the bar," she said.
PETA has filed paperwork to launch its pornography site when the controversial new .xxx domain becomes active in early December. While many nonprofits and corporations are scrambling to protect their website names from being hijacked by a pornographer slapping on a .xxx domain, PETA is embracing the new domain as just another way to conduct business.
"We try to use every outlet that we can to speak up for animals," Rajt said. "We anticipated that this new triple-X domain name would be a hot topic and we immediately decided to use it and take advantage of it to try to promote the animal rights message."
Jill Dolan, director of the program in gender and sexuality studies at Princeton University, was critical of the PETA campaigns.
"Exploiting porn to get people's juices going seems lame; exploiting pornographic images only of women to make their point is retrograde and misogynist," Dolan said in an email. "Come on, PETA. Don't be Neanderthals."
Rajt denied that PETA has been insensitive to women.
"Our demonstrators, the models, all chose to participate in our campaigns . . . It's not a very feminist thing to do to turn to women and tell them whether or not they can use their voices, their bodies to express their voice."
Visitors to the X-rated site will initially be presented with pornographic content as well as images from PETA's salacious ads and campaigns, Rajt said. Those images will be followed by pictures and video shot undercover of the mistreatment of animals. The site will also include links to vegetarian and vegan — using no animal products — starter kits as well as recipes.
PETA's ad campaigns have featured adult film stars Sasha Grey, Ron Jeremy and Jenna Jameson. In 2008, the organization's YouTube account was temporarily shut down after showing racy videos of celebrities and others posing nude.
"When people first visit the site, it will be very enticing and once they go just a little bit deeper, that's when they'll be confronted with images that we hope will make them stop and think and get them talking and hopefully encourage them to make a lifestyle change to a plant-based diet," Rajt said.
Read more: http://www.windsorstar.com/news/PETA+launch+porn+site+name+animal+rights/5424516/story.html#ixzz1YVNCq8aG
Showing posts with label News. Show all posts
Showing posts with label News. Show all posts
Tuesday, September 20, 2011
Tuesday, February 1, 2011
Philanthro-teens delving into nonprofit world
Crain's New York Business reported that kids raise the bar on giving with Facebook fundraisers, even their own foundations.
When Shannon McNamara was 13, her parents took her and her siblings to Peru during summer vacation to volunteer in an orphanage.
“At the beginning of the trip, I was thinking, 'Why can't I be on a cruise ship instead?' ” said Ms. McNamara, now 17 and a senior in high school in Basking Ridge, N.J. But the experience was “worth more than any cruise or trip to Disneyland could give you,” she said.
The family took a similar trip to Africa three years ago, and Ms. McNamara started her own nonprofit, Share (Shannon's After-School Reading Exchange), shortly after to help educate African girls. She has since volunteered in Tanzania every summer, and has collected 23,000 books and shipped them to schools there. She has also begun raising money for scholarships.
Meet the teen philanthropists. Armed with new technology and an awareness of global issues, post-Millennials are engaging in social entrepreneurship in previously unimaginable ways. Though still materialistic, these teens and even preteens want to do something more significant than acquire the latest i-Pod Touch or Wii.
Looking for a purpose
Borrowing from trends in celebrity charity, kids are mobilizing their peers to address everything from infant mortality in developing nations to neighborhood concerns. They're donating presents to charity, and they're establishing their own nonprofits.
“The number of kids creating their own organizations and taking action for causes they care about is skyrocketing,” said Nancy Lublin, chief executive of DoSomething.org, a New York-based nonprofit that helps young people to engage in philanthropy.
“Kids today just saw their parents go through a recession, get laid off and struggle,” Ms. Lublin said. “They look around and say: 'What's the point? I don't just want a second car in my driveway. I want a life of purpose.' ”
In the past year, 79% of girls in the United States have contributed food or clothing, 53% have given their own money, and 66% have asked family or friends to give or volunteer, according to research commissioned by the United Nations Foundation.
READ MORE HERE.
When Shannon McNamara was 13, her parents took her and her siblings to Peru during summer vacation to volunteer in an orphanage.
“At the beginning of the trip, I was thinking, 'Why can't I be on a cruise ship instead?' ” said Ms. McNamara, now 17 and a senior in high school in Basking Ridge, N.J. But the experience was “worth more than any cruise or trip to Disneyland could give you,” she said.
The family took a similar trip to Africa three years ago, and Ms. McNamara started her own nonprofit, Share (Shannon's After-School Reading Exchange), shortly after to help educate African girls. She has since volunteered in Tanzania every summer, and has collected 23,000 books and shipped them to schools there. She has also begun raising money for scholarships.
Meet the teen philanthropists. Armed with new technology and an awareness of global issues, post-Millennials are engaging in social entrepreneurship in previously unimaginable ways. Though still materialistic, these teens and even preteens want to do something more significant than acquire the latest i-Pod Touch or Wii.
Looking for a purpose
Borrowing from trends in celebrity charity, kids are mobilizing their peers to address everything from infant mortality in developing nations to neighborhood concerns. They're donating presents to charity, and they're establishing their own nonprofits.
“The number of kids creating their own organizations and taking action for causes they care about is skyrocketing,” said Nancy Lublin, chief executive of DoSomething.org, a New York-based nonprofit that helps young people to engage in philanthropy.
“Kids today just saw their parents go through a recession, get laid off and struggle,” Ms. Lublin said. “They look around and say: 'What's the point? I don't just want a second car in my driveway. I want a life of purpose.' ”
In the past year, 79% of girls in the United States have contributed food or clothing, 53% have given their own money, and 66% have asked family or friends to give or volunteer, according to research commissioned by the United Nations Foundation.
READ MORE HERE.
Tuesday, December 7, 2010
For Artists’ Fund-Raising, a Social Network Site
The NY Times featured an article about United States Artists, a nonprofit group founded by foundations and wealthy art donors to broaden support for working artists, and their new Web site that solicits small donations from regular people to help underwrite specific artworks.
Part social network, part glossy brochure, part fund-raising mechanism, the site seeks to democratize arts patronage as government support for the arts continues to decline and private sources of financing also shrink.
“What we’ve tried to do is take the good ideas about microphilanthropy and the good ideas about social networking and put them together in a way that people can learn about artists and learn about their projects and how they work,” said Katharine DeShaw, the organization’s executive director.
In testing, the Web site attracted roughly 36,000 unique visitors and raised a total of $210,000, with an average of $120 from each of 1,500 small donors, Ms. DeShaw said.
Artists like Zoe Strauss, a photographer, who have received United States Artists grants in the past were asked to participate in the test, and 47 did so. Ms. Strauss sought $4,000 for a project to document the effects of the BP oil spill on the Gulf Coast and its people, and to make a book of her photographs.
Ms. Strauss said about fund-raising, “I would rather have someone stab me in the face.” She added, “I’m totally unskilled in how to hustle money and totally repulsed by the idea of asking people for it, so this site was a dream come true for me.”
She ended up raising $5,185, which is helping her make additional trips to the region to take more photos. “I probably would have had to stop at the one trip I made because I couldn’t afford anymore,” she said. “By making one or two more trips down there, I will have much more to choose from for the book.”
Ms. Strauss said she also appreciated the social networking aspects of the site. “I work very much by myself, and so the ability to talk back and forth with other artists and see how they go about raising money and talking about their work is great.”
Thomas Allen Harris worried it might be too much work. But he decided he could use the test to raise money for a documentary that grew out of his work on Digital Diaspora Family Reunion, a multimedia project that asks blacks to share their family photos as a means of broadening the historic record of the black experience in America. As part of that project, he interviewed Byron Rushing, a Massachusetts legislator who had played a pivotal role in the state’s debate over gay marriage, and saw a way of tying that issue to the civil rights movement in a film.
Using the new Web site and other resources, Mr. Harris raised $11,600, 16 percent more than he had sought, to pay for archival materials, a composer and other postproduction costs.
“In first week or two, all I raised was $25, and I started wondering what would happen if people started thinking about this as a failure,” Mr. Harris said. “I’m used to sharing my creative process, but sharing how I’m actually raising money in such a public way introduces another level of vulnerability.”
Bill Frisell, a jazzss guitarist, said he, too, was uncomfortable with so publicly soliciting money. “I’m not rich but I make a living, and so for me to say, ‘Please, please, please give me money,’ it felt a little embarrassing,” Mr. Frisell said. “I had to get over that.”
He raised $20,300 through the new site, which will be used to complete a program called “The Great Flood,” a suite of original music composed by Mr. Frisell and accompanied by a film by Bill Morrison about the Mississippi River flood in 1927 and its effect on society and music.
The money will enable him to take the band that will perform the music on a tour along the Mississippi River. “We’ll play in various places,” Mr. Frisell said, “set up on the street and play or get smaller gigs that wouldn’t pay enough to cover expenses without this money.”
Ms. Strauss, Mr. Harris and Mr. Frisell say they anticipate that the kind of incremental fund-raising on the site will become more and more important to sustaining art. Mr. Frisell said, “We have to try new things.”
Part social network, part glossy brochure, part fund-raising mechanism, the site seeks to democratize arts patronage as government support for the arts continues to decline and private sources of financing also shrink.
“What we’ve tried to do is take the good ideas about microphilanthropy and the good ideas about social networking and put them together in a way that people can learn about artists and learn about their projects and how they work,” said Katharine DeShaw, the organization’s executive director.
In testing, the Web site attracted roughly 36,000 unique visitors and raised a total of $210,000, with an average of $120 from each of 1,500 small donors, Ms. DeShaw said.
Artists like Zoe Strauss, a photographer, who have received United States Artists grants in the past were asked to participate in the test, and 47 did so. Ms. Strauss sought $4,000 for a project to document the effects of the BP oil spill on the Gulf Coast and its people, and to make a book of her photographs.
Ms. Strauss said about fund-raising, “I would rather have someone stab me in the face.” She added, “I’m totally unskilled in how to hustle money and totally repulsed by the idea of asking people for it, so this site was a dream come true for me.”
She ended up raising $5,185, which is helping her make additional trips to the region to take more photos. “I probably would have had to stop at the one trip I made because I couldn’t afford anymore,” she said. “By making one or two more trips down there, I will have much more to choose from for the book.”
Ms. Strauss said she also appreciated the social networking aspects of the site. “I work very much by myself, and so the ability to talk back and forth with other artists and see how they go about raising money and talking about their work is great.”
Thomas Allen Harris worried it might be too much work. But he decided he could use the test to raise money for a documentary that grew out of his work on Digital Diaspora Family Reunion, a multimedia project that asks blacks to share their family photos as a means of broadening the historic record of the black experience in America. As part of that project, he interviewed Byron Rushing, a Massachusetts legislator who had played a pivotal role in the state’s debate over gay marriage, and saw a way of tying that issue to the civil rights movement in a film.
Using the new Web site and other resources, Mr. Harris raised $11,600, 16 percent more than he had sought, to pay for archival materials, a composer and other postproduction costs.
“In first week or two, all I raised was $25, and I started wondering what would happen if people started thinking about this as a failure,” Mr. Harris said. “I’m used to sharing my creative process, but sharing how I’m actually raising money in such a public way introduces another level of vulnerability.”
Bill Frisell, a jazzss guitarist, said he, too, was uncomfortable with so publicly soliciting money. “I’m not rich but I make a living, and so for me to say, ‘Please, please, please give me money,’ it felt a little embarrassing,” Mr. Frisell said. “I had to get over that.”
He raised $20,300 through the new site, which will be used to complete a program called “The Great Flood,” a suite of original music composed by Mr. Frisell and accompanied by a film by Bill Morrison about the Mississippi River flood in 1927 and its effect on society and music.
The money will enable him to take the band that will perform the music on a tour along the Mississippi River. “We’ll play in various places,” Mr. Frisell said, “set up on the street and play or get smaller gigs that wouldn’t pay enough to cover expenses without this money.”
Ms. Strauss, Mr. Harris and Mr. Frisell say they anticipate that the kind of incremental fund-raising on the site will become more and more important to sustaining art. Mr. Frisell said, “We have to try new things.”
Helping 1,000 startups in 2,000 days
Veteran Silicon Valley entrepreneur Martin Babinec is looking for an Albany-area university to team up with him.
Babinec, of Little Falls, N.Y., founded Upstate Venture Connect in January and already has partnered with Cornell University, Syracuse University and LeMoyne College in Central New York to make it easier for technology startups to succeed.
Babinec formed UVC with a goal of helping entrepreneurs team up with advisers and find access to investors to increase their odds of survival. UVC seeks to help create 1,000 technology startups in upstate New York over the next 2,000 days.
“For entrepreneurs to get connected here is extremely difficult,” Babinec said.
UVC, a nonprofit, is developing a database and social network for mentors, advisers, startup companies, incubators and investors.
Teaming up with upstate universities to create a network of resources to help entrepreneurs solve funding, marketing, sales and commercialization problems is a key that Babinec said will help upstate encourage the development of more startup companies.
The resident of Herkimer County, N.Y., spent 22 years building TriNet HR Corp., a San Leandro, Calif.-based human resources outsourcing company, into a national firm with $200 million in annual revenue and more than 2,800 clients in the Unites States.
Babinec, who remains on the TriNet board and is the second-largest shareholder of the private company, said he is dedicating the next 10 years to bringing some of Silicon Valley’s entrepreneurship culture to upstate New York.
UVC is run by Nasir Ali, president of The Tech Garden in Syracuse.
Last month, UVC opened an office in Saratoga Springs. Greg Gibson, an entrepreneur who moved to Saratoga Springs from Boston two years ago, is running the local office.
“Upstate has many of the assets necessary to build an innovation-oriented economy,” Babinec said. They include 113 universities and colleges, roughly 500,000 students who attract more than $3 billion in research funding each year.
Those assets are spread out and do not work together as much as they should.
By partnering with universities throughout upstate, Babinec said he hopes to start changing the entrepreneurship culture here.
--------------------------------------------------------------------------------
..
Read more: Helping 1,000 startups in 2,000 days The Business Review
Babinec, of Little Falls, N.Y., founded Upstate Venture Connect in January and already has partnered with Cornell University, Syracuse University and LeMoyne College in Central New York to make it easier for technology startups to succeed.
Babinec formed UVC with a goal of helping entrepreneurs team up with advisers and find access to investors to increase their odds of survival. UVC seeks to help create 1,000 technology startups in upstate New York over the next 2,000 days.
“For entrepreneurs to get connected here is extremely difficult,” Babinec said.
UVC, a nonprofit, is developing a database and social network for mentors, advisers, startup companies, incubators and investors.
Teaming up with upstate universities to create a network of resources to help entrepreneurs solve funding, marketing, sales and commercialization problems is a key that Babinec said will help upstate encourage the development of more startup companies.
The resident of Herkimer County, N.Y., spent 22 years building TriNet HR Corp., a San Leandro, Calif.-based human resources outsourcing company, into a national firm with $200 million in annual revenue and more than 2,800 clients in the Unites States.
Babinec, who remains on the TriNet board and is the second-largest shareholder of the private company, said he is dedicating the next 10 years to bringing some of Silicon Valley’s entrepreneurship culture to upstate New York.
UVC is run by Nasir Ali, president of The Tech Garden in Syracuse.
Last month, UVC opened an office in Saratoga Springs. Greg Gibson, an entrepreneur who moved to Saratoga Springs from Boston two years ago, is running the local office.
“Upstate has many of the assets necessary to build an innovation-oriented economy,” Babinec said. They include 113 universities and colleges, roughly 500,000 students who attract more than $3 billion in research funding each year.
Those assets are spread out and do not work together as much as they should.
By partnering with universities throughout upstate, Babinec said he hopes to start changing the entrepreneurship culture here.
--------------------------------------------------------------------------------
..
Read more: Helping 1,000 startups in 2,000 days The Business Review
Thursday, September 23, 2010
Connecting Entrepreneurs in Central New York: New Website
Enitiative, a coalition of six campuses in Central New York that promotes student and community entrepreneurship, has a new website aimed at connecting Central New York entrepreneurs with the resources available to help them launch and grow their ventures.
Students, faculty, staff and community members can visit www.cnyentrepreneurship.com to find resources they might need at any stage in their business. From conducting basic market research to forming legal structure and designing a marketing campaign, fledgling and established business owners can find both university and community resources that are there to help them succeed.
“There are many organizations, college courses and seasoned entrepreneurs in Central New York that offer services, knowledge and experience to those entrepreneurs who are just starting out or who want to take their business to the next level,” says Bruce Kingma, associate provost for entrepreneurship and innovation at Syracuse University. “We wanted to provide a single place for entrepreneurs to get this important information.”
Enitiative worked with organizations and colleges across Central New York to compile the resources listed on the website. Any organization that would like to be included on the website as a resource for entrepreneurs should email the Enitiative office at excel@syr.edu.
The SU-led Enitiative is funded by a grant from the Ewing Marion Kauffman Foundation of Kansas City, Mo., focusing on entrepreneurship in the arts, technology and neighborhoods. SU’s academic and community partners in this initiative include Cayuga Community College (CCC), Le Moyne College, Morrisville State College, Onondaga Community College (OCC), the SUNY College of Environmental Science and Forestry (SUNY-ESF), the Central New York Community Foundation, the Gifford Foundation, CenterState CEO, Messenger Associates Inc. and National Grid.
Students, faculty, staff and community members can visit www.cnyentrepreneurship.com to find resources they might need at any stage in their business. From conducting basic market research to forming legal structure and designing a marketing campaign, fledgling and established business owners can find both university and community resources that are there to help them succeed.
“There are many organizations, college courses and seasoned entrepreneurs in Central New York that offer services, knowledge and experience to those entrepreneurs who are just starting out or who want to take their business to the next level,” says Bruce Kingma, associate provost for entrepreneurship and innovation at Syracuse University. “We wanted to provide a single place for entrepreneurs to get this important information.”
Enitiative worked with organizations and colleges across Central New York to compile the resources listed on the website. Any organization that would like to be included on the website as a resource for entrepreneurs should email the Enitiative office at excel@syr.edu.
The SU-led Enitiative is funded by a grant from the Ewing Marion Kauffman Foundation of Kansas City, Mo., focusing on entrepreneurship in the arts, technology and neighborhoods. SU’s academic and community partners in this initiative include Cayuga Community College (CCC), Le Moyne College, Morrisville State College, Onondaga Community College (OCC), the SUNY College of Environmental Science and Forestry (SUNY-ESF), the Central New York Community Foundation, the Gifford Foundation, CenterState CEO, Messenger Associates Inc. and National Grid.
Wednesday, August 18, 2010
Profits for Nonprofits
The Nonprofit Newswire offered this recent view on an article in the Wall Street Journal, which highlights an idea that should be given more consideration: win-win business partnerships between nonprofits and for profits.
Recent Newswires in North CarolinaAugust 3, 2010; Source: Wall Street Journal For those of you that do not already know, the Wall Street Journal now prints a “Donor of the Day” column that has become a must read for many. Yesterday Suzanne Sunshine was profiled. This author knew Ms Sunshine at LISC where she was the unsung hero in LISC’s program for helping CDCs develop supermarkets in low-income neighborhoods.
Last year, she started a private, for-profit real estate brokerage and consulting firm specializing in nonprofit office space. In an era of much-hyped, short-on-evidence innovations, S. Sunshine & Associates LLC operates on an innovative model. On every deal, she arranges for 10 to 50 percent of her real estate commission to be returned to the client or an associated charity. In her first year of operations, she has made a profit and returned over $100,000 to New York charities. Read more here.
Recent Newswires in North CarolinaAugust 3, 2010; Source: Wall Street Journal For those of you that do not already know, the Wall Street Journal now prints a “Donor of the Day” column that has become a must read for many. Yesterday Suzanne Sunshine was profiled. This author knew Ms Sunshine at LISC where she was the unsung hero in LISC’s program for helping CDCs develop supermarkets in low-income neighborhoods.
Last year, she started a private, for-profit real estate brokerage and consulting firm specializing in nonprofit office space. In an era of much-hyped, short-on-evidence innovations, S. Sunshine & Associates LLC operates on an innovative model. On every deal, she arranges for 10 to 50 percent of her real estate commission to be returned to the client or an associated charity. In her first year of operations, she has made a profit and returned over $100,000 to New York charities. Read more here.
Saturday, June 26, 2010
Panera's new model of nonprofit restaurants
Syracuse.com offered the following national story:
As the first crowd of customers filed into Panera Co.'s nonprofit restaurant here, only the honor system kept them from taking all the food they wanted for free.
Ronald Shaich, Panera's chairman, admitted as he watched them line up that he had no idea if his experiment would work. The idea for Panera's first nonprofit restaurant was to open an eatery where people paid what they could. The richer could pay full price-or extra. The poorer could get a cheap or even free meal.
A month later, the verdict is in: It turns out people are basically good.
Panera, which operates 1,400 franchised and corporate-owned bakery-cafes across the country, plans to expand the nonprofit model around the nation, opening two more locations within months.
"I guess I would say it's performing better than we even might have hoped in our cynical moments, and it's living up to our best sense of humanity," Shaich said in an interview.
Its cashiers tell customers their orders' "suggested" price based on the menu. About 60 to 70 percent pay in full, Shaich said. About 15 percent leave a little more and another 15 percent pay less, or nothing at all. A handful have left big donations, like $20 for a cup of coffee.
The restaurant took in $100,000 in revenue its first month. He declined to say what kind of margin this left between total costs and revenue, but he predicted the restaurant will be able to cover its costs within months and eventually generate extra cash for charitable programs.
Panera's nonprofit plan is the largest example yet of a concept called community kitchens, where businesses operate partly as charities. Customers who need a discount, or even free food, can get it with no questions asked.
Shaich borrowed the idea from a restaurant in Denver and then connected with Denise Cerreta, who runs The One World Salt Lake City restaurant with a sliding scale menu. Cerreta's community kitchen and others he looked into were impressive, Shaich said, but operated on a smaller scale than Panera could afford to run.
The Clayton store is run under the company's St. Louis Bread Co. banner by a nonprofit organization called Panera Cares that publicly traded Panera Co. supports. But Panera won't bear the nonprofit's losses if the experiment fails. For the expansion, Panera spokeswoman Kate Antonacci said, the nonprofit is considering locations that, like Clayton, are upscale but accessible to lower-income customers. In Clayton's case, St. Louis County's offices and court house are nearby. Read more here.
As the first crowd of customers filed into Panera Co.'s nonprofit restaurant here, only the honor system kept them from taking all the food they wanted for free.
Ronald Shaich, Panera's chairman, admitted as he watched them line up that he had no idea if his experiment would work. The idea for Panera's first nonprofit restaurant was to open an eatery where people paid what they could. The richer could pay full price-or extra. The poorer could get a cheap or even free meal.
A month later, the verdict is in: It turns out people are basically good.
Panera, which operates 1,400 franchised and corporate-owned bakery-cafes across the country, plans to expand the nonprofit model around the nation, opening two more locations within months.
"I guess I would say it's performing better than we even might have hoped in our cynical moments, and it's living up to our best sense of humanity," Shaich said in an interview.
Its cashiers tell customers their orders' "suggested" price based on the menu. About 60 to 70 percent pay in full, Shaich said. About 15 percent leave a little more and another 15 percent pay less, or nothing at all. A handful have left big donations, like $20 for a cup of coffee.
The restaurant took in $100,000 in revenue its first month. He declined to say what kind of margin this left between total costs and revenue, but he predicted the restaurant will be able to cover its costs within months and eventually generate extra cash for charitable programs.
Panera's nonprofit plan is the largest example yet of a concept called community kitchens, where businesses operate partly as charities. Customers who need a discount, or even free food, can get it with no questions asked.
Shaich borrowed the idea from a restaurant in Denver and then connected with Denise Cerreta, who runs The One World Salt Lake City restaurant with a sliding scale menu. Cerreta's community kitchen and others he looked into were impressive, Shaich said, but operated on a smaller scale than Panera could afford to run.
The Clayton store is run under the company's St. Louis Bread Co. banner by a nonprofit organization called Panera Cares that publicly traded Panera Co. supports. But Panera won't bear the nonprofit's losses if the experiment fails. For the expansion, Panera spokeswoman Kate Antonacci said, the nonprofit is considering locations that, like Clayton, are upscale but accessible to lower-income customers. In Clayton's case, St. Louis County's offices and court house are nearby. Read more here.
Monday, June 21, 2010
Looking to jump-start your business? You might try entering a contest.
The Wall Street Journal reported that a growing number of corporations, nonprofits and universities are giving small companies a chance at a big break—by holding contests.
Covering a broad range of categories, from the most promising women entrepreneurs to the strongest tech ideas, these competitions offer a number of powerful lures. Some offer cash prizes that can range into the six figures. Then there are longer-term rewards, such as increased exposure and grist for future marketing campaigns. Even if they don't win, entrepreneurs often come away with valuable critiques from expert panels of judges.
But there's an art to deciding which contests to enter and making the best case for your company. Here are some keys to finding, entering and winning these competitions.
The best place to start looking for contests is www.AwardSync.com, a site that helps groups publicize their awards. Once you've focused in on some competitions, the groups' own sites can be valuable. For instance, you could scour their sites for more information about what they do—which might give you ideas about what to highlight in your presentation.
At the outset, start small with awards from, say, local chapters of national organizations. This has a number of benefits. You can refine your case and practice your presentation without as much at stake. You also stand a better chance of winning a smaller contest—and judges of larger events like to see that you have some victories under your belt.
Once you've homed in on some contests, network like crazy. Call previous winners to see what worked for them; more than anyone else, they'll understand why you're in the hunt—and typically they have nothing to lose because they're ineligible to win again. If you can get into the audience for an award's oral presentations, go do it one year, see what makes the finalists stand out, and then apply the next year. Read more here.
Covering a broad range of categories, from the most promising women entrepreneurs to the strongest tech ideas, these competitions offer a number of powerful lures. Some offer cash prizes that can range into the six figures. Then there are longer-term rewards, such as increased exposure and grist for future marketing campaigns. Even if they don't win, entrepreneurs often come away with valuable critiques from expert panels of judges.
But there's an art to deciding which contests to enter and making the best case for your company. Here are some keys to finding, entering and winning these competitions.
The best place to start looking for contests is www.AwardSync.com, a site that helps groups publicize their awards. Once you've focused in on some competitions, the groups' own sites can be valuable. For instance, you could scour their sites for more information about what they do—which might give you ideas about what to highlight in your presentation.
At the outset, start small with awards from, say, local chapters of national organizations. This has a number of benefits. You can refine your case and practice your presentation without as much at stake. You also stand a better chance of winning a smaller contest—and judges of larger events like to see that you have some victories under your belt.
Once you've homed in on some contests, network like crazy. Call previous winners to see what worked for them; more than anyone else, they'll understand why you're in the hunt—and typically they have nothing to lose because they're ineligible to win again. If you can get into the audience for an award's oral presentations, go do it one year, see what makes the finalists stand out, and then apply the next year. Read more here.
Sunday, April 4, 2010
Entrepreneur to hear business pitches on Quadby Kevin Tampone
John Liddy, entrepreneur in residence at the Tech Garden in downtown Syracuse, will spend a few hours Tuesday afternoon handing out cash on the Syracuse University Quad.
Students will have to earn the money though.
Liddy will listen to business ideas from any student and hand out vouchers for $5 in cash. Students must show up to an event for young entrepreneurs scheduled for April 28 at the Tech Garden to claim the money.
And the idea must be real, says Paul Brooks, vice president for entrepreneurship programs at the Tech Garden. Liddy will vet the concepts and only distribute the cash vouchers to students with top ideas.
The April 28 event will bring together student entrepreneurs from various SU schools, investors, and potential mentors for a program on entrepreneurship and emerging companies, Brooks says.
Liddy will be on the Quad from noon to 2:30 p.m.
Students will have to earn the money though.
Liddy will listen to business ideas from any student and hand out vouchers for $5 in cash. Students must show up to an event for young entrepreneurs scheduled for April 28 at the Tech Garden to claim the money.
And the idea must be real, says Paul Brooks, vice president for entrepreneurship programs at the Tech Garden. Liddy will vet the concepts and only distribute the cash vouchers to students with top ideas.
The April 28 event will bring together student entrepreneurs from various SU schools, investors, and potential mentors for a program on entrepreneurship and emerging companies, Brooks says.
Liddy will be on the Quad from noon to 2:30 p.m.
Tuesday, March 16, 2010
New York Entrepreneur Week April 12-16
New York Entrepreneur Week (NYEW) is a non-profit movement formed around a single belief: entrepreneurs change the world. And now is the time for entrepreneurs who have the will and drive to prove they can achieve anything, to stand up and come together in New York State for another groundbreaking NYEW event.
With over 100 speakers from 40 cities, 15 states and 3 continents, NYEW unites the state’s diverse entrepreneurial community; giving you the opportunity to connect with and learn from New York’s best and brightest entrepreneurs who are relentless, driven and dedicated to improving your business and the economy. View the full agenda here.
New York Entrepreneur Week encompasses five days of innovative and hyper-targeted events, including:
* Inspiring keynote speeches from recognized business leaders
* Riveting panels delivering relevant mission-critical advice
* The flagship RELENTLESS business plan competition
With over 100 speakers from 40 cities, 15 states and 3 continents, NYEW unites the state’s diverse entrepreneurial community; giving you the opportunity to connect with and learn from New York’s best and brightest entrepreneurs who are relentless, driven and dedicated to improving your business and the economy. View the full agenda here.
New York Entrepreneur Week encompasses five days of innovative and hyper-targeted events, including:
* Inspiring keynote speeches from recognized business leaders
* Riveting panels delivering relevant mission-critical advice
* The flagship RELENTLESS business plan competition
Friday, February 5, 2010
New nonprofit aims to spark growing firms
The Central NY Business Journal reported that a new nonprofit group has launched to encourage the development and growth of more small, innovative companies in upstate New York.
The organization, Upstate Venture Connect, aims to increase connections among mentors, entrepreneurs, and those interested in working for young, growth-oriented firms. Group leaders also want to spark more collaboration among business groups, universities, and economic development organizations.
Upstate New York isn't likely to generate major job growth by attracting large companies that will hire hundreds or thousands of people, says Martin Babinec, founder and chairman of Upstate Venture Connect, which started in January.
"That's yesterday's industrial model," he says. "But it's not reality with the way things currently work."
A better path, Babinec says, is to focus on developing numerous smaller companies. The group will concentrate on firms that can attract private-equity financing since they tend to be those with the best shot at growth. Read more here.
The organization, Upstate Venture Connect, aims to increase connections among mentors, entrepreneurs, and those interested in working for young, growth-oriented firms. Group leaders also want to spark more collaboration among business groups, universities, and economic development organizations.
Upstate New York isn't likely to generate major job growth by attracting large companies that will hire hundreds or thousands of people, says Martin Babinec, founder and chairman of Upstate Venture Connect, which started in January.
"That's yesterday's industrial model," he says. "But it's not reality with the way things currently work."
A better path, Babinec says, is to focus on developing numerous smaller companies. The group will concentrate on firms that can attract private-equity financing since they tend to be those with the best shot at growth. Read more here.
Sunday, January 24, 2010
Museum Offers New Venture Idea
The NY Times reported about one history museum's new approach and plan to engage audiences and increase visitation. Great example of new ways of thinking and an entrepreneurial approach. As the article relates:
When thinking of ways to spend a rainy Saturday afternoon, studying history is not high on the list for most families. Now, in a bid to make history more vivid, alluring and accessible for the Wii generation, an interactive “museum within a museum,” focusing on the lives of young New Yorkers, will open in November 2011 on the lower level of the New-York Historical Society, museum officials said.
The DiMenna Children’s History Museum, as it will be known, is part of the $60 million renovation of the historical society building on Central Park West, Louise Mirrer, the president and chief executive officer of the museum, said this week. The roughly 4,000-square-foot museum has been designed by Lee H. Skolnick Architecture & Design Partnership with a $5 million donation from Joseph A. and Diana DiMenna.
The new museum will focus on the stories of children, from famous figures like Alexander Hamilton, who came to New York as a teenage orphan to attend college, to the boys and girls who hawked newspapers on city streets 100 years ago.
“In schools, history tends to be about figures once they have matured and become important,” Ms. Mirrer said. “But if we want history to become alive for children, what better way to teach them than showing them children from other periods? We want to be on the permanent agenda of children and families in New York.” Read more here.
When thinking of ways to spend a rainy Saturday afternoon, studying history is not high on the list for most families. Now, in a bid to make history more vivid, alluring and accessible for the Wii generation, an interactive “museum within a museum,” focusing on the lives of young New Yorkers, will open in November 2011 on the lower level of the New-York Historical Society, museum officials said.
The DiMenna Children’s History Museum, as it will be known, is part of the $60 million renovation of the historical society building on Central Park West, Louise Mirrer, the president and chief executive officer of the museum, said this week. The roughly 4,000-square-foot museum has been designed by Lee H. Skolnick Architecture & Design Partnership with a $5 million donation from Joseph A. and Diana DiMenna.
The new museum will focus on the stories of children, from famous figures like Alexander Hamilton, who came to New York as a teenage orphan to attend college, to the boys and girls who hawked newspapers on city streets 100 years ago.
“In schools, history tends to be about figures once they have matured and become important,” Ms. Mirrer said. “But if we want history to become alive for children, what better way to teach them than showing them children from other periods? We want to be on the permanent agenda of children and families in New York.” Read more here.
Friday, January 22, 2010
Famous Entrepreneurs Series (FES): Central NY Resouce
The Famous Entrepreneurs Series (FES) is a business membership organization created to fuel the entrepreneurial flame in the Greater Syracuse and Central Upstate New York region. Through FES, admired CEOs and management thought leaders join us to share their successes, failures and bold visions in an effort to create inspired discussions within our local community.
4th Annual Series Continues
with
Vijay Govindarajan,
author of "Ten Rules for Strategic Innovators"
Wednesday, March 24
Onondaga Community College
Storer Auditorium, Ferrante Hall
with
Vijay Govindarajan,
author of "Ten Rules for Strategic Innovators"
Wednesday, March 24
Onondaga Community College
Storer Auditorium, Ferrante Hall
Thursday, January 14, 2010
Inventing as a way of business
Business First of Buffalo reported that ideas lead to inventions and, sometimes, a business. As the article relates:
“But that’s just a starting point on a long journey,” said registered patent attorney Vincent LoTempio of the law firm Kloss, Stenger and LoTempio.
On Jan. 19, from 9 a.m. to 1 p.m., in the Buffalo State College auditorium, LoTempio and other area experts will host entrepreneurs with big ideas and explain what to expect throughout that journey.
The event is called Product Idea Expo, where attendees will get overviews on writing business plans, starting a business and creating prototypes.
Local entrepreneur Richard Conway is scheduled to discuss his experiences in how to bring a product to market.
In 1998, Conway developed the Balance Buddy, a U-shaped handle that attaches to the rear axle of a child’s bicycle.
“It works like a stroller, so parents don’t have to bend down and struggle as they teach their kids to ride a bike.” Conway said.
Patented in 2001, Conway estimates he’s sold more than 100,000. The product can be found at Target, Toys R Us and Amazon.com.
Other sessions include how to avoid the common mistakes inventors make, how to sell a product and what retailers look for in products. “The program is open to anyone who has an idea and wants to market it,” said William Grieshober, business adviser at the Small Business Development Center at Buffalo State.
The event is co-sponsored by the college, New York State Small Business Development Center and the U.S. Small Business Administration. Besides LoTempio and SBA representatives, presentations will be followed by a question-and-answer session. Scheduled to present are SBDC counselors, as well as professionals with experience in customs, advertising and marketing.
For more information or to register, visit www.wnyinvents.com.
“But that’s just a starting point on a long journey,” said registered patent attorney Vincent LoTempio of the law firm Kloss, Stenger and LoTempio.
On Jan. 19, from 9 a.m. to 1 p.m., in the Buffalo State College auditorium, LoTempio and other area experts will host entrepreneurs with big ideas and explain what to expect throughout that journey.
The event is called Product Idea Expo, where attendees will get overviews on writing business plans, starting a business and creating prototypes.
Local entrepreneur Richard Conway is scheduled to discuss his experiences in how to bring a product to market.
In 1998, Conway developed the Balance Buddy, a U-shaped handle that attaches to the rear axle of a child’s bicycle.
“It works like a stroller, so parents don’t have to bend down and struggle as they teach their kids to ride a bike.” Conway said.
Patented in 2001, Conway estimates he’s sold more than 100,000. The product can be found at Target, Toys R Us and Amazon.com.
Other sessions include how to avoid the common mistakes inventors make, how to sell a product and what retailers look for in products. “The program is open to anyone who has an idea and wants to market it,” said William Grieshober, business adviser at the Small Business Development Center at Buffalo State.
The event is co-sponsored by the college, New York State Small Business Development Center and the U.S. Small Business Administration. Besides LoTempio and SBA representatives, presentations will be followed by a question-and-answer session. Scheduled to present are SBDC counselors, as well as professionals with experience in customs, advertising and marketing.
For more information or to register, visit www.wnyinvents.com.
Sunday, January 10, 2010
Entrepreneurship study ranks New York near the bottom
The Albany Business Review reported that New York continues to be among the three least entrepreneur-friendly states, according to a new report by the Small Business & Entrepreneurship Council.
New York ranked No. 48 in 2009, followed by California and New Jersey. The District of Columbia ranked last as a region.
The council’s 14th annual “Small Business Survival Index,” released Tuesday, considers 36 costs to small businesses that are imposed by or reported by the government. Most factors are taxes, including personal income taxes, corporate income taxes, property taxes, unemployment taxes and health insurance taxes.
Also factored in are energy costs and crime rate.
The top five most entrepreneur-friendly states are South Dakota, Nevada, Texas, Wyoming and Washington.
The Oakton, Va.-based Small Business & Entrepreneurship Council is a nonpartisan, nonprofit small-business and entrepreneurship advocacy group.
To read the study, click here.
New York ranked No. 48 in 2009, followed by California and New Jersey. The District of Columbia ranked last as a region.
The council’s 14th annual “Small Business Survival Index,” released Tuesday, considers 36 costs to small businesses that are imposed by or reported by the government. Most factors are taxes, including personal income taxes, corporate income taxes, property taxes, unemployment taxes and health insurance taxes.
Also factored in are energy costs and crime rate.
The top five most entrepreneur-friendly states are South Dakota, Nevada, Texas, Wyoming and Washington.
The Oakton, Va.-based Small Business & Entrepreneurship Council is a nonpartisan, nonprofit small-business and entrepreneurship advocacy group.
To read the study, click here.
Recession Brings Out Entrepreneurial Spirit
The NY Times offered an article about the recent entrepreneurial focus in Detroit. As the article related:
With $6,000 and some Hollywood-style spunk, four friends opened this city’s only independent foreign movie house three months ago in an abandoned school auditorium on an unlighted stretch of the Cass Corridor near downtown.
After the unlikely hoopla of an opening night, red-carpet-style event in an area known for drugs and prostitution, exactly four customers showed up to see a film.
Since then, the Burton Theater has had a few profitable nights. But, the owners say, this adventure in entrepreneurship was never completely about making money. It was also about creating a more livable community.
“Nobody could comprehend why we’d start a theater,” said an investor, Nathan Faustyn, 25. “But when you live in Detroit, you ask, ‘What can I do for the city?’ We needed this. And we had nothing to lose. When you’re at the bottom of the economic ladder, you have nowhere to look but up.”
Despite the recession — and in some cases because of it — small businesses are budding around Detroit in one of the more surprising twists of the downturn. Some new businesses like the Burton are scratching by. Others have already grown beyond the initial scope of their business plans, juggling hundreds of customers and expanding into new sites.
Across from the Burton, for instance, Jennifer Willemsen just celebrated the first anniversary of her shop, Curl Up and Dye, a retro-themed hair salon serving 1,500 clients. Not far away, Torya Blanchard, a former French teacher, recently opened the second location of Good Girls Go to Paris, a creperie. Next door, Greg Lenhoff, also a former teacher, opened a bookstore in August called Leopold’s.
And just down the street from Leopold’s, on Woodward Avenue, Victor Both runs Breezecab, a company he started with a severance package after a layoff from Wayne State University. He uses rickshaws to ferry workers and conventioneers around downtown. “This filled a transportation void,” said Mr. Both, 34, who picked up the pedicab idea while touring Las Vegas before his layoff. “I haven’t made much money, but the experience has been priceless. I had no idea Detroit had so much love.”
It is not an uncommon instinct to start an enterprise in bad times and seize on weakened competition, lower overhead costs and perhaps more free time. Nor is it limited to Detroit. But the trend is particularly striking here, in a city that was suffering long before the rest of the nation fell into recession and where hard times, business closings and abandonment became routine generations ago. Read more here.
With $6,000 and some Hollywood-style spunk, four friends opened this city’s only independent foreign movie house three months ago in an abandoned school auditorium on an unlighted stretch of the Cass Corridor near downtown.
After the unlikely hoopla of an opening night, red-carpet-style event in an area known for drugs and prostitution, exactly four customers showed up to see a film.
Since then, the Burton Theater has had a few profitable nights. But, the owners say, this adventure in entrepreneurship was never completely about making money. It was also about creating a more livable community.
“Nobody could comprehend why we’d start a theater,” said an investor, Nathan Faustyn, 25. “But when you live in Detroit, you ask, ‘What can I do for the city?’ We needed this. And we had nothing to lose. When you’re at the bottom of the economic ladder, you have nowhere to look but up.”
Despite the recession — and in some cases because of it — small businesses are budding around Detroit in one of the more surprising twists of the downturn. Some new businesses like the Burton are scratching by. Others have already grown beyond the initial scope of their business plans, juggling hundreds of customers and expanding into new sites.
Across from the Burton, for instance, Jennifer Willemsen just celebrated the first anniversary of her shop, Curl Up and Dye, a retro-themed hair salon serving 1,500 clients. Not far away, Torya Blanchard, a former French teacher, recently opened the second location of Good Girls Go to Paris, a creperie. Next door, Greg Lenhoff, also a former teacher, opened a bookstore in August called Leopold’s.
And just down the street from Leopold’s, on Woodward Avenue, Victor Both runs Breezecab, a company he started with a severance package after a layoff from Wayne State University. He uses rickshaws to ferry workers and conventioneers around downtown. “This filled a transportation void,” said Mr. Both, 34, who picked up the pedicab idea while touring Las Vegas before his layoff. “I haven’t made much money, but the experience has been priceless. I had no idea Detroit had so much love.”
It is not an uncommon instinct to start an enterprise in bad times and seize on weakened competition, lower overhead costs and perhaps more free time. Nor is it limited to Detroit. But the trend is particularly striking here, in a city that was suffering long before the rest of the nation fell into recession and where hard times, business closings and abandonment became routine generations ago. Read more here.
Sunday, December 13, 2009
New place for R.I. culture
The following article relates a newly opened arts center that is a for profit enterprise. Is this a new trend? Share you thoughts. As the article relates:
The name is sure to grab the attention of would-be theatergoers. It’s catchy, it’s ambitious, it emphasizes a sense of place.
And yet, when the Rhode Island Center for Performing Arts at the Historic Park Theatre hosts its first stage production next weekend, the people who enter the state’s newest live entertainment venue will find more than just a theater.
In its new incarnation, the building that once housed the Park Cinema is also home to a café, a nightclub and a 200-seat all-purpose area that can serve as a restaurant for theatergoers, a comedy club and a room for receptions and business functions.
The extras are part of owner Piyush Patel’s plan to make sure the new theater at the corner of Park and Pontiac avenues does what any business sets out to do: make money.
That will not be easy. Even in good times, it’s hard for theaters to make money, industry people say. And with the economy in tatters, it will be that much harder.
There’s also the issue of size. With 1,050 seats, the new theater is relatively small in the world of live entertainment.
Patel, 69, a native of India whose business interests include real estate, hotels and personal care products, says that is why he has cast such as wide net.
“Every business plan has some kind of escape strategy, you know, what happens if it doesn’t work,” he said. “That’s why I came up with the idea, a total entertainment complex.”
This is not to say that Patel won’t be trying to make money from the theater end of the business.
He has hired Jack Nicholson, a New Englander with a long history in managing sporting and entertainment venues, to oversee the theater operation. And Nicholson, like Patel, is casting a wide net.
For patrons who think theater means plays and musicals, the new venue will be working with the Stoneham Theatre, in Stoneham, Mass., which has been producing its own shows since it — like the Park — reopened in a historic former cinema. The Park will help subsidize those productions — this year’s list includes “My Fair Lady,” “Gaslight,” “Always … Patsy Cline,” and “Hockey Mom, Hockey Dad” — and will host perhaps four or five shows a year.
Dates for those performances are still being determined, in part because Nicholson is also working to book live acts. Three will come to the Park during the late-winter/spring, though those dates are not set either: The Moscow Circus, the Rat Pack and the Glenn Miller Orchestra.
The live theater and live entertainment represent the jewels that the new theater plans to offer. Rounding out those offerings will be large-screen, high-definition broadcasts of sporting events — the Super Bowl, the World Series, World Cup soccer — and independent movies. Read more here.
The name is sure to grab the attention of would-be theatergoers. It’s catchy, it’s ambitious, it emphasizes a sense of place.
And yet, when the Rhode Island Center for Performing Arts at the Historic Park Theatre hosts its first stage production next weekend, the people who enter the state’s newest live entertainment venue will find more than just a theater.
In its new incarnation, the building that once housed the Park Cinema is also home to a café, a nightclub and a 200-seat all-purpose area that can serve as a restaurant for theatergoers, a comedy club and a room for receptions and business functions.
The extras are part of owner Piyush Patel’s plan to make sure the new theater at the corner of Park and Pontiac avenues does what any business sets out to do: make money.
That will not be easy. Even in good times, it’s hard for theaters to make money, industry people say. And with the economy in tatters, it will be that much harder.
There’s also the issue of size. With 1,050 seats, the new theater is relatively small in the world of live entertainment.
Patel, 69, a native of India whose business interests include real estate, hotels and personal care products, says that is why he has cast such as wide net.
“Every business plan has some kind of escape strategy, you know, what happens if it doesn’t work,” he said. “That’s why I came up with the idea, a total entertainment complex.”
This is not to say that Patel won’t be trying to make money from the theater end of the business.
He has hired Jack Nicholson, a New Englander with a long history in managing sporting and entertainment venues, to oversee the theater operation. And Nicholson, like Patel, is casting a wide net.
For patrons who think theater means plays and musicals, the new venue will be working with the Stoneham Theatre, in Stoneham, Mass., which has been producing its own shows since it — like the Park — reopened in a historic former cinema. The Park will help subsidize those productions — this year’s list includes “My Fair Lady,” “Gaslight,” “Always … Patsy Cline,” and “Hockey Mom, Hockey Dad” — and will host perhaps four or five shows a year.
Dates for those performances are still being determined, in part because Nicholson is also working to book live acts. Three will come to the Park during the late-winter/spring, though those dates are not set either: The Moscow Circus, the Rat Pack and the Glenn Miller Orchestra.
The live theater and live entertainment represent the jewels that the new theater plans to offer. Rounding out those offerings will be large-screen, high-definition broadcasts of sporting events — the Super Bowl, the World Series, World Cup soccer — and independent movies. Read more here.
Build a Stronger America: Join the Entrepreneur' Movement
The Kauffman: The Foundation for Entreprenuership offers this new resource and website:
If you are like 80 percent of Americans, you believe that the U.S. economy has been, and will continue to be, built by entrepreneurs like you. Accordingly, if the U.S. economy is going to have a sustained recovery, it will be up to its entrepreneurs to lead the way.
But entrepreneurs cannot create jobs and growth without a level playing field. Federal and state governments cannot continue to favor large, established businesses at the expense of startups and entrepreneurs. Here are five things that entrepreneurs need now:
If you are like 80 percent of Americans, you believe that the U.S. economy has been, and will continue to be, built by entrepreneurs like you. Accordingly, if the U.S. economy is going to have a sustained recovery, it will be up to its entrepreneurs to lead the way.
But entrepreneurs cannot create jobs and growth without a level playing field. Federal and state governments cannot continue to favor large, established businesses at the expense of startups and entrepreneurs. Here are five things that entrepreneurs need now:
- Health care reform
- Better access to credit
- Cut payroll taxes to create and save jobs
- Tax reform
- "Entrepreneur's Visas" that enable non-U.S. native college and university graduates to create new jobs now
Kauffman believes that entrepreneurs' voices need to be heard in Washington, DC, and will work to educate government officials about the important role entrepreneurs play in our economy.
Join the Entrepreneurs' Movement today.
Tuesday, December 1, 2009
Nonprofits rethinking business model
Buffalo's Business First featured an article about how nonprofits are developing new ways of generating unrestricited operating dollars: Entrepreneurial Ventures! As the article relates:
The region’s nonprofit service providers are faced with the toughest of challenges: How to deal with increased demand while facing declining revenues.
Small agencies are dealing with it. So are the largest.
Even the millionaire agencies – those with at least a million dollars in revenues that have made it onto the Business First Million Dollar Nonprofits list – say the situation doesn’t appear to be getting easier. They had collective revenues of $1.92 billion in fiscal 2007, but individually many are struggling and seeking ways to stay solvent. Many are exploring new funding options from foundations and contract opportunities as well as earned income through for-profit social enterprises.
Hauptman-Woodward Medical Research Institute will start one such venture Jan. 1 when it begins a management contract with the Industrial Macromolecular Crystallography Association (IMCA), a consortium of nine of the nation’s largest pharmaceutical companies. The five-year contract calls for Hauptman-Woodward to manage IMCA’s Advanced Photon Source near Chicago, where X-rays used for X-ray crystallography are produced.
In addition to the $1 million management fee over a five-year period, the real value of the venture comes in the form of future possibilities, says Eaton “Ed” Lattman, CEO and executive director at HWI, a $7 million organization.
“We earn some money out of it, but we also get on the radar screens of these nine companies,” he says. “It’s at least equally important that we might get them, for example, to be customers of the high output crystallography lab here at the institute, or we might develop intellectual property with one of these firms.”
The agency is not alone. Nonprofits are increasingly investing in social enterprises despite the economic downturn, according to a survey by Community Wealth Ventures Inc. and the Social Enterprise Alliance of Washington, D.C. More than half of the 848 social sector organizations surveyed already operate a social enterprise, while 60 percent indicated they plan to launch another in the next few years.
Those considering their first enterprise cite a motivation to increase revenues and to extend the mission of their organization.
Mark Foley, president and CEO of Community Services for the Developmentally Disabled, says he’s been focusing on better business practices to avoid cutting programs or making layoffs at the $21 million agency. Now he’s beginning to explore the possibility of social enterprise.
“I don’t know that I’ve come up with anything that’s rocket science here,” he says. “Nonprofits have to be more business-like when funding support from donors and government start shrinking.”
The sale of reproduced rare prints and artwork is the newest venture for the Buffalo & Erie County Public Library, which already earns dollars through Fables Cafe in the central library. Bridget Quinn-Carey, executive director, says the library is exploring a variety of opportunities for new revenues.
“We’re rethinking what we’re doing in our retail store too, thinking how can we better take advantage of this great real estate in there,” she says.
A cafe is also bringing in new revenue at the Buffalo Museum of Science. First opened this summer during the run of the popular Body Worlds exhibit, the museum is continuing the venture along with an increased emphasis on facilities rentals such as weddings and events in the main hall as well as the auditorium.
CEO Mark Mortenson says the nearly $3.3 million organization is looking at expanding those opportunities, as well as overnight programming for families.
“We always want to make sure it’s a unique experience every time an individual comes here,” he says. “We have a three-year approved strategic plan now aimed at identifying funding opportunities to change experiences throughout the museum.”
Habitat for Humanity Buffalo, with overall revenues of $1.5 million, has found better than expected success through its Restore, a retail shop that sells donated goods including building supplies, appliances, furniture and housewares. Over the four years since it opened in North Buffalo, the store has generated $500,000 in income, enough funds to build 12 houses.
David Zablotny, executive director, says the venture is working.
“It’s been much better than anyone has expected,” he says, adding that the agency is looking at whether it would make sense to add a second outlet, as other Habitat chapters have done. “That money we brought in through the Restore last year Is about 12 percent of our revenues, so we’re looking to find ways to increase that number.”
The YWCA of Niagara began a social enterprise last year with the creation of The Catering Crew, a catering company/culinary training program for the women living at its Carolyn’s House shelter in Niagara Falls. In this case, the venture serves a dual purpose: providing women with both training and a paycheck, and with additional revenues funneled back into the program.
Read more here.
The region’s nonprofit service providers are faced with the toughest of challenges: How to deal with increased demand while facing declining revenues.
Small agencies are dealing with it. So are the largest.
Even the millionaire agencies – those with at least a million dollars in revenues that have made it onto the Business First Million Dollar Nonprofits list – say the situation doesn’t appear to be getting easier. They had collective revenues of $1.92 billion in fiscal 2007, but individually many are struggling and seeking ways to stay solvent. Many are exploring new funding options from foundations and contract opportunities as well as earned income through for-profit social enterprises.
Hauptman-Woodward Medical Research Institute will start one such venture Jan. 1 when it begins a management contract with the Industrial Macromolecular Crystallography Association (IMCA), a consortium of nine of the nation’s largest pharmaceutical companies. The five-year contract calls for Hauptman-Woodward to manage IMCA’s Advanced Photon Source near Chicago, where X-rays used for X-ray crystallography are produced.
In addition to the $1 million management fee over a five-year period, the real value of the venture comes in the form of future possibilities, says Eaton “Ed” Lattman, CEO and executive director at HWI, a $7 million organization.
“We earn some money out of it, but we also get on the radar screens of these nine companies,” he says. “It’s at least equally important that we might get them, for example, to be customers of the high output crystallography lab here at the institute, or we might develop intellectual property with one of these firms.”
The agency is not alone. Nonprofits are increasingly investing in social enterprises despite the economic downturn, according to a survey by Community Wealth Ventures Inc. and the Social Enterprise Alliance of Washington, D.C. More than half of the 848 social sector organizations surveyed already operate a social enterprise, while 60 percent indicated they plan to launch another in the next few years.
Those considering their first enterprise cite a motivation to increase revenues and to extend the mission of their organization.
Mark Foley, president and CEO of Community Services for the Developmentally Disabled, says he’s been focusing on better business practices to avoid cutting programs or making layoffs at the $21 million agency. Now he’s beginning to explore the possibility of social enterprise.
“I don’t know that I’ve come up with anything that’s rocket science here,” he says. “Nonprofits have to be more business-like when funding support from donors and government start shrinking.”
The sale of reproduced rare prints and artwork is the newest venture for the Buffalo & Erie County Public Library, which already earns dollars through Fables Cafe in the central library. Bridget Quinn-Carey, executive director, says the library is exploring a variety of opportunities for new revenues.
“We’re rethinking what we’re doing in our retail store too, thinking how can we better take advantage of this great real estate in there,” she says.
A cafe is also bringing in new revenue at the Buffalo Museum of Science. First opened this summer during the run of the popular Body Worlds exhibit, the museum is continuing the venture along with an increased emphasis on facilities rentals such as weddings and events in the main hall as well as the auditorium.
CEO Mark Mortenson says the nearly $3.3 million organization is looking at expanding those opportunities, as well as overnight programming for families.
“We always want to make sure it’s a unique experience every time an individual comes here,” he says. “We have a three-year approved strategic plan now aimed at identifying funding opportunities to change experiences throughout the museum.”
Habitat for Humanity Buffalo, with overall revenues of $1.5 million, has found better than expected success through its Restore, a retail shop that sells donated goods including building supplies, appliances, furniture and housewares. Over the four years since it opened in North Buffalo, the store has generated $500,000 in income, enough funds to build 12 houses.
David Zablotny, executive director, says the venture is working.
“It’s been much better than anyone has expected,” he says, adding that the agency is looking at whether it would make sense to add a second outlet, as other Habitat chapters have done. “That money we brought in through the Restore last year Is about 12 percent of our revenues, so we’re looking to find ways to increase that number.”
The YWCA of Niagara began a social enterprise last year with the creation of The Catering Crew, a catering company/culinary training program for the women living at its Carolyn’s House shelter in Niagara Falls. In this case, the venture serves a dual purpose: providing women with both training and a paycheck, and with additional revenues funneled back into the program.
Read more here.
Tuesday, November 17, 2009
Facebook co-founder offers advice for entrepreneurs
The Central NY Business Journal reported on Chris Hughes speech at Onondaga Community College where he let his audience know his definition of entrepreneurship.
"Profit isn't what defines what entrepreneurship is about," the Facebook co-founder said just a few minutes into his speech.
Rather, he said entrepreneurs focus on building organizations that have an impact on the world. Those organizations could be companies. They could be nonprofits or schools or churches.
The desire to spark change is what drives them, he said.
Hughes spoke today during the first lecture in this year's Famous Entrepreneurs Series. The annual lecture series aims to inspire more entrepreneurship in the region. OCC's Storer Auditorium was filled to capacity for the talk and an overflow crowd of students watched a video feed of the event elsewhere on campus.
Hughes founded Facebook in 2004 with Harvard University roommates Mark Zuckerberg and Dustin Moskovitz. In 2007, he left the company and became director of online organizing for President Barack Obama's campaign.
Hughes said he and his roommates never really thought of themselves as entrepreneurs. None of them were even business students.
And, of course, he said they made plenty of mistakes along the way.
"In a lot of ways, we didn't know what we were doing when we got started," he said.
For more on this story, see the Nov. 20 print edition of The Central New York Business Journal.
"Profit isn't what defines what entrepreneurship is about," the Facebook co-founder said just a few minutes into his speech.
Rather, he said entrepreneurs focus on building organizations that have an impact on the world. Those organizations could be companies. They could be nonprofits or schools or churches.
The desire to spark change is what drives them, he said.
Hughes spoke today during the first lecture in this year's Famous Entrepreneurs Series. The annual lecture series aims to inspire more entrepreneurship in the region. OCC's Storer Auditorium was filled to capacity for the talk and an overflow crowd of students watched a video feed of the event elsewhere on campus.
Hughes founded Facebook in 2004 with Harvard University roommates Mark Zuckerberg and Dustin Moskovitz. In 2007, he left the company and became director of online organizing for President Barack Obama's campaign.
Hughes said he and his roommates never really thought of themselves as entrepreneurs. None of them were even business students.
And, of course, he said they made plenty of mistakes along the way.
"In a lot of ways, we didn't know what we were doing when we got started," he said.
For more on this story, see the Nov. 20 print edition of The Central New York Business Journal.
Subscribe to:
Posts (Atom)
