Sunday, December 9, 2012

Students Making Things



Often it seems student entrepreneurs are concentrating exclusively on building web sites and apps, but it’s simply not so. Case in point, the winners of the Center for Entrepreneurship's Spring 2011 Business Concept Competition: Jon Richardson, Hobie Jensen and Pat Edelman, aka Upper Park Designs have just released their product line of backpacks for the casual disc golfer.

The idea behind the business was to produce bags that make sense for the majority of disc golfers – not necessarily professionals but folks who want to cruise around a course, have fun and enjoy the outdoors. So what was the PROBLEM they were trying to solve?

Basically, they saw the majority of bags for disc golfers were being made for the so-called serious player, so the existing bags all aped golf bags; they were big and bulky.

The Upper Park Designs team thought the average disc golfer goes out more for fun than anything else; so a big bulky bag is inappropriate. Rather a backpack-like design would be the ticket – and here is where they got clever. In a moment of clarity that the great management guru Peter Drucker would love, they thought: Why not mimic a different sport altogether?

How about bringing the idea of an archery quiver to a disc golf course? In this way the player can just reach around and grab the appropriate disc. Perhaps said golfer might not be able to carry all fifteen discs a “serious” player requires – but who cares? A driver, a couple of irons and a putter are fine for most  --- and for those of you unfamiliar with the sport, yes Virginia there are indeed all sorts of different discs for special requirements on a disc golf course.

Add it all up and you have a burgeoning new business conceived and wrought here on the campus of California State University – Chico. 

Check their complete line out at http://upperparkdesigns.com/products/shift.

Wednesday, December 5, 2012

Fall 2012 Business Concept Competition




Andrew Gazdecki is killing it. His company BiznessApps, with its latest spin-off BiznessCRM, is rapidly becoming one of the most popular, if not the most popular, website for creating apps in the world – and it all started at the bi-annual Chico State Business Concept Competition. Andrew won in Fall 2010. 

This Fall’s event was held on November 14 and it was, according to a number of students in the crowd, “epic”. There were over 125 people in attendance at Colusa Hall. They were there to hear fourteen finalists present their ideas in front of a panel of four distinguished judges.

The winner was Katharina Chiu, whose idea Meeting Punkt was inspired by her trip to Germany last year and her perception that students (and really everyone) could use an app to find traveling companions.

Katharina accepting congratulations.
A happy winner!










Second place was Impetus Calendar Management for an app to sync various different calendar programs. Brett Connor and Kevin Crowe were the presenters.



Kevin Crowe
High five for Brett











The judges awarded two third place finishers:

    Eco Racks team
  •  Eco Racks, the brainchild of Sam Thomas, Nico Chesterton, and Andrew Paddock. Their idea revolved around an in-classroom stand for skateboards.
    Max Fredericks
  • MusicSession, Max Fredericks’ idea for a web site that unites musicians and music lovers in a unique social networking milieu.

Judges for the event were Professor Bonnie Persons of the College of Business; Professor Daren Otten of the College of Engineering and head of the Sustainable Manufacturing; local entrepreneur,  member of the Center for Entrepreneurship’s Board of Mentors and a proud Chico State alum, Dave Purser; and Joyce Mikkelson of the California Center for International Trade Development.
Judges: from the left,  Bonnie, Dave, Daren and Joyce
Yours truly.



Easy job...



Sunday, November 25, 2012

How to deal with problems -- big problems




Just a quick post for the holidays.   

There was interesting article in the New York Times on the day before Thanksgiving about Lundberg Family Farms, here in Butte County, and their response to  potential traces of inorganic arsenic being found in organic brown rice.
 
The findings as first publicized in Consumer Reports do not single out Lundberg; nor has there been any confirmation of any poison being found in our local rice; but what should a company do? The article features Lundberg executive and College of Business instructor Tim Schultz and paints a very flattering picture, I think, about how Lundberg is trying to deal with the issue.

It is a confusing issue and one that clearly is not fully understood; yet from where I stand it appears to me that Lundberg is doing everything possible to deal with the issue in a forthright and honorable fashion.

They are a great local company and I wish them well. Here’s a link to the article: http://www.nytimes.com/2012/11/22/business/smallbusiness/lundberg-family-farms-confronts-reports-of-arsenic-in-its-rice-case-study.html?ref=smallbusiness.

Tuesday, November 6, 2012

Fall 2012 Business Concept Competition



Now that the World Series (thankfully, since I’m a lifelong Tiger fan) has ended and the Super Bowl won’t happen until February, it’s a great time to focus on the next enormous competitive battle – that’s right, the Fall 2012 Chico State Business Concept Competition. This year’s Final will be held Wednesday November 14 at 7:00 in Tehama 100. The public is more than welcome.

Past winners include Andrew Gazdecki with Bizness Apps (http://www.biznessapps.com/ ) and Jon Richardson, Hobie Jensen and Patrick Edelman of Upper Park Designs (http://upperparkdesigns.myshopify.com/password) whose first production run of awesome disc golf backpacks is on its way to America even as I write this post.

If you haven’t attended any prior events then I whole-heartedly urge you to come take this one in. The range and breadth of the ideas is always staggering. This year is no exception. Here’s a list of the finalists and their business ideas:

Aram Favala ...      Global U
Bernard Maushardt & Laurence Duterte...           Ronin Brewing Company  
Brett Conner, Kevin Crowe...     Impetus Calendar Management  
Jason Schroeder, Keith Rincon, & Ashley Croom ...    Northern California River Rafting  
Jeff Huckabay...   FoodEase
Joe Malinovsky et al ...     DUI Vanguard
Katharina Chiu ... MEETING PUNKT
Max Frederick ...  MusicSession
Nick Delucchi ... Greenware
Raette Meredith  ...         Artazine
Raette Meredith, Kami Rowedda, John Woolery ...               Puppicures
Ricky Owaki, Jasen Henderson, Jake Wade  ...     The Accordion Curtain
Ryan Robeson, Neoma Frary & Joe Malinovsky ... Textbooks to Cash
Sam Thomas, Nico Chesterton,  Andrew Paddock  ...      EcoRacks
Tyler Israel ...      EasyScrip

Don’t worry if you can’t quite understand what these businesses are supposed to do; neither do I. We'll find out together. That’s the beauty of Finals night. See you there!


Thursday, November 1, 2012

Setting Goals --- Really, really big goals



In my business plan class this week we have been discussing how one can possibly put together pro forma business statements before the company has even opened its doors? The questions abound from the students. Should I be super-conservative? Should I shoot for the stars? How can I be realistic? And, best of all, what does being realistic mean?

There are of course no easy answers to any of these questions and yet it is absolutely crucial that we set goals and make sales projections that will convince or entice or excite investors – or, of course, all of the above. So where does one turn? One piece of advice that has always resonated with me is to set what Jerry Porras and Jim Collins called in their book Built to Last Big Hairy Audacious Goals or BHAGS for short. Here’s what they wrote: "A true BHAG is clear and compelling, serves as unifying focal point of effort, and acts as a clear catalyst for team spirit. It has a clear finish line, so the organization can know when it has achieved the goal; people like to shoot for finish lines."

And yet, how does a startup know where to draw the line? When is that super goal just too fantastic; how does one do it? An entrepreneur ultimately must be very comfortable with the vast contradictions that are inherent in starting up business; setting BHAGs while paying extreme attention to making the next sale or the first sale. How does one walk that line?

Let’s listen to what Abraham Lincoln said about Charles Blondin. Likening himself to the French acrobat who was famed for being the first person to cross Niagara Falls on a tight rope, Lincoln asked: "Suppose all the property you were worth was in gold, and you had to put it in the hands of Blondin to carry across Niagara. Would you shake the cable, or-keep shouting at him, 'Blondin, stand up a little straighter — Blondin, stoop a little more — lean a little more to the north — lean a little more to the south'? No, you would hold your breath as well as your tongue and keep your hands off until he was safely over .”*

Clearly the course a startup must follow is: don’t listen to the mob – set your course and as Nike says, just do it. Blondin, by the way, never fell.