Take Pride in the Economic Growth Fueled by Your Entrepreneurship & Innovation!
n an interesting article in Entrepreneur.com (10/20/16) by Ed Sappin, CEO of Sappin Global Strategies, the author wrote about how entrepreneurs drive economic development. He distinguished between "opportunity" entrepreneurs, who develop goods and services in response to market needs, and "necessity" entrepreneurs, who start businesses for lack of other options. Although both contribute to economic growth, the author suggests that it is the "opportunity" entrepreneurs who play a greater role in a region's economic advancement.
Individuals who choose the entrepreneurial path, acccording to Sappin, provide employment opportunities and increase regional and international trade thereby strengthening regional transportation and infrastructure and contributing to the overall welfare of the population. New technologies promote efficiencies and require an educated population, and education increases workforce creativity and quality of life. Sappin states that, "In essence, there is a positive feedback loop among innovation, entrepreneurship, and economic development...New and growing businesses represent the principal sources of job creation and innovative activity in an economy, two factors that generally result in the rising standards of living for all." So, to all you budding entrepreneurs, take pride in your personal accomplishments as well as in your contributions to our overall economy & quality of life!
University of Scranton to be 21st Sigma Nu Tau Chapter! Are you Interested in Starting a Sigma Nu Tau Chapter on your campus?
We are pleased to announce that The University of Scranton, which was established in 1888 as a private Catholic and Jesuit university, has been approved for a Sigma Nu Tau charter and will be the 21st Sigma Nu Tau chapter in the U.S. Would your university like to be the first in your state or region to establish a Sigma Nu Tau chapter on your campus? You will gain a competitive advantage by being able to offer special programs and awards to your students!
If you would like to establish a chapter at your university so that you can recognize outstanding students, faculty members, entrepreneurs, and honorary members, please visit our website (SigmaNuTau.org) and check out our Facebook page to learn more about the process. Or give me a call to discuss it!
Feeling thankful at this time of year,
Nancy J. Church, Ph.D.
President and Executive Director
Sigma Nu Tau Entrepreneurship Honor Society
P.S. Does your school have any news that you would like us to include in the next issue of our e-newsletter? If so, please send it to me at email@example.com or SigmaNuTauEntHonorSociety@ gmail.com or post your news on the Sigma Nu Tau Facebook page!
P.P.S. Hope to see you at the USASBE Conference in Philadelphia from
January 19-22, 2017! Stop by our exhibitor booth for a useful free gift!
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Current Entrepreneurial Articles of Interest
"6 Bad Habits You Must Break to Succeed"
Are you having trouble being successful? If so, it is important to try to ditch a bad habit and embrace a good one in its place. Sometimes "bad habits often go unnoticed, like a slow leak in a car tire." There are times when you are doing things that you don't realize are hurting you. If you can break these 6 bad habits, you can be on the road to a successful career:
- You're a perfectionist
- "If you live in fear of doing a task wrong, you won't be able to begin."
- This causes a lack of creativity and joy, causing the tasks to become longer and more difficult.
- It is okay to start over and make corrections to your work.
- You're compulsively distracted
- Surfing the Internet, answering phone calls, getting snacks and responding to a text message quickly while in the middle of something pulls you away from intense focus.
- The simple fix to this: turn off your distractions, close the door, and focus for a set period of time allowing yourself to have breaks occasionally.
- You hit the snooze button
- "Studies have proven that 15 minutes of extra snooze time in the morning won't help you feel less tired."
- Get up when your alarm goes off and start your day with a healthy breakfast.
- You leave your most important work until later
- You won't have the energy left to devote the right amount of effort to doing the tasks right by delaying them until later.
- You multitask
- "Studies have shown that multitasking reduces the amount of short-term memory you retain from your task."
- You sit too long
- Sitting for too long "puts strain on your lower back, shoulders and neck. It also reduces blood flow to the brain and lungs - the powerhouses you need to accomplish your best work in the moment and later on in your life."
It is important to not try to change all your bad habits at once as that can be very overwhelming. Focus on improving one small thing at a time and, before you know it, you'll establish habits that will help you be your best.
Murray Newlands. Contributor
Entrepreneur, business advisor and online-marketing professional
, September 6, 2016
" The Model Chase: Figuring out the right business model means making a difference not making widgets"
Thomas Goetz explains that the model chase "is a race to prove that your beautiful vision can survive the hard heat of the market place." Goetz is the co-founder and CEO of Iodine, a digital health start up based in San Francisco. At first, the company wasn't sure how they would get paid, but they knew they would have to build something that lots of people would want to use.
Goetz explained that the reason Iodine went with this approach was because the only people who will pay for health care are those who already pay most of the bill: insurers and self-insured employers. Iodine's plan was to build something so good that insurers and employers can't
not pay them to give it to their employees.
Iodine soon found out that you can spend hours on spreadsheets trying to find a clear cost benefit for insurers and employers, but having a product that is actually useful does help you sell it. Goetz warned that one shouldn't go with a business model that prevents a company from scaling as much as it intended or that doesn't complement the company's business strategy.
Source: Thomas Goetz.
Inc. Magazine, April 2016 issue, pg. 40
If You Are a Productivity Fanatic, Try
the Evernote APP
allows you to create a digital notebook for everything. You can keep track of your expenses, manage your calendar, create slideshow presentations and even plan your next trip. You can take pictures of everything that is in your office and on your shelves, then insert it into a notebook and instantly relieve the stress of having to sort through papers.
Mission of Sigma Nu Tau:
"To promote, recognize, honor, and reward academic excellence in entrepreneurship and to encourage and recognize the practice of principled entrepreneurship"
4 Types of Membership:
Sigma Nu Tau Chapters
#1 - SUNY Plattsburgh
#2 - Kent State University
#3 -Belmont University
#4 - California State University-San Bernardino
#5 - Clarkson University
#6 -High Point University
#7 - Claflin University
#8 -Suffolk University
#9 - Middle Tennessee State University
#10 - Baruch College
#11 - John F. Kennedy University
#12 - Rowan University
#13 - Illinois Institute of Technology
#14 - University of Baltimore
#15 - New York Institute of Technology
#16 - The George Washington University
#17 - Husson University
#18 - York College of Pennsylvania
#19 - University of Iowa
#20 - North Central College
#21 - The University of Scranton is being scheduled
#22 - Your school could be the next new chapter!
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Planning to buy anything from Amazon? Please shop
and designate Sigma Nu Tau Entrepreneurship Honor Society as your target charity.
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New Sigma Nu Tau Board Member
Sean Kelly, president of the SUNY Plattsburgh Sigma Nu Tau Chapter, is serving as the Student Vice President on the Sigma Nu Tau Board for the 2016 calendar year.
Sean Kelly hails from East Greenbush, New York. His current entrepreneurial goal is to open a gym/fitness center after graduation. He would like to incorporate technology with the growing interest in fitness and healthy lifestyles. His best-friend is a nutrition major and they are interested in creating a dieting/training partnership.
Thank you for your service on the Sigma Nu Tau board, Sean!
Rhode Island Business Plan Competition
The Rhode Island Business Plan Competition aims to create and foster growth companies in Rhode Island that will increase local employment.This competi-tion was established in 2000 and is supported
by private businesses, inves-tors, foundations, colleges and universities, public entities, and non-profit organizations. Today, this competition is the leading community-supported busi-ness plan competition in the Northeast.
Applicants must be 18 years or older, enrolled in and attending an accredited college or university at the undergraduate or graduate level. Business plans can be submitted individually or by teams. There is no limit to the number of people allowed to be on a team. Applicants must describe a new business or an early stage company. Applications are due by 5 pm (ET) on April 3, 2017. Finalists will present their plans to judges on May 2, 2017. Prizes of approxi-mately $200,000 will be awarded to winners and finalists of the competition.
"Failure is simply the opportunity to begin again, this time more intelligently...A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large."
- Henry Ford, founder Ford Motor Company
"We need to accept that we won't always make the right decisions, that we'll screw up royally sometimes--understanding that failure is not the opposite of success, it's part of success."
- Arianna Huffington, Co-founder of The Huffington Post
" Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
- Mark Twain, Writer
"If you can't fly then run, if you can't run then walk, if you can't walk then crawl, but whatever you do you have to keep moving forward."
- Rev. Dr. Martin Luther King, Jr., Civil Rights Leader
"How do you tell if you're independent-minded enough to start a start up? If you'd bristle at the suggestion that you aren't, then you probably are."
- Paul Graham, Co-founder Viaweb/Y Combinator
Sigma Nu Tau announces that it will be accepting all major U.S. credit cards on November 15, 2016!
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Visit Our Website
Our website offers easy-to-find honor society forms and introductory information pages. The website now has step-by-step instructions for petitioning to establish a collegiate chapter of Sigma Nu Tau Entrepreneurship Honor Society at your college or university.
Visit sigmanutau.org today
and see it for yourself!
To obtain materials to petition to start a chapter at your university & for more information about Sigma Nu Tau's mission, constitution, bylaws, or general information on the benefits of starting a chapter,