Fostering an Entrepreneurial Mindset, presented by Kylie Rowe

11/9/2015

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Fostering an Entrepreneurial Mindset

November 9, 2015

Kylie Rowe, MSW, MBA in progress

Assistant Director, Ozmen Center for Entrepreneurship

President, Graduate Student Association

Presentation Overview

1. Kylie Rowe2. Ozmen Center3. Community & University

Engagement4. The Entrepreneurial Mindset5. Contact & More Info

11/9/2015

ozmencenter.unr.edu

About Kylie Rowe

➢Education:➢Economics, MSW, MBA (expected 2017)

➢Current Roles:➢Assistant Director, Ozmen Center➢President, Graduate Student Association➢Owner, 89509 Rentals

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Ozmen Center Background➢Center was founded in 2014

by a gift from Eren & Fatih Ozmen➢University of Nevada, Reno

Alumni➢President & CEO of Sierra

Nevada Corporation, headquartered in Sparks, NV

➢Center opened to the public on September 15, 2014

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➢MissionWe are a point of inspiration and clearinghouse for information, an idea space that facilitates entrepreneurship, moving ideas into action.

➢VisionWe develop entrepreneurial capacities and foster the creation of ideas and new enterprise among students and faculty of the University of Nevada, Reno.

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Goals1. Inspire idea creation, entrepreneurship & innovation

2. Facilitate entrepreneurship academic courses, professional development & training

3. Support innovation & new enterprise that drives economic growth

http://ozmencenter.unr.edu/about-us/

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Academics➢All entrepreneurship courses are taught by business experts with success starting and growing companies➢Undergraduate

Minor in Entrepreneurship (18 credits)Open to ALL majors on campus, with no pre-requisites

➢GraduateEmphasis in Entrepreneurship (9 credits)

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Activities

➢Entrepreneurship Club➢1 Million Cups + Livecast➢Entrepreneurial Opportunities➢Assess-License-Launch➢Startup Weekend➢Office Hours with Entrepreneurs➢Sontag Entrepreneurship Competition

http://ozmencenter.unr.edu/activities/

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Initiatives

➢Insight Video Project➢Student Ambassador Program➢Entrepreneurship Policy➢Entrepreneurial Thinking

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Ozmen Center Partners11/9/2015

Annual Visitors: ~62711/9/2015

➢1st Birthday Celebration!

Community & University Engagement

➢Hire engaged students➢Students attract students➢Relationships across campus➢Partners & cross-promotion➢Social media, flyers, posters, newsletter➢Promote & involve the community

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➢@gcmosier; @tahoesiliconmnt; @ozmencenter; @bizunr; @unevadareno; @kyrobiz

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What is Entrepreneurship?

➢Entrepreneurship is a mindset –a way of thinking that relies on strategy, creativity and execution

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➢Problem: persistence➢Solution: students need to identify what it

means to be an entrepreneur before being asked to apply tools of an unfamiliar profession

➢Tom Duening and Matt Metzger,University of Colorado Springs Colorado

The Entrepreneurial Method

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Fostering Student Entrepreneurship (1)

Entrepreneur vs. Intrapreneur

➢An Entrepreneur is found in startups and high growth companies & an Intrapreneur?▪social entrepreneur, governpreneur...

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The Entrepreneurship Method

➢How to become something?➢Mindset → Virtue (action)➢Identify virtues (i.e., principles) of entrepreneurship➢Experience & Reflection

➢Virtues?➢Identity Theory → Positive Psychology → Virtue Theory

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➢Tom Duening and Matt Metzger, GCEC 2015

The Four Virtues

1. Value Creation

2.Respect for Private Property and Contracts

3.Ability to Let the Market Determine Value

4.Ability to Rebound from Failure

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➢Tom Duening and Matt Metzger, GCEC 2015

➢Problem: foresight➢Solution: framing, anticipating, mobilizing… to “Get There Early”

➢Sam Miller, University of Notre DameForesight in Business and Society

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Fostering Student Entrepreneurship (2)

Entrepreneurial Foresight

➢Framing➢What does it mean to you to identify as an entrepreneur?

➢Anticipation➢Conditions that don’t exist yet

➢Mobilizing➢Creating things to plug into lean launch pad

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➢Sam Miller, GCEC 2015

Framing

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➢Sam Miller, GCEC 2015

➢What are you great at?➢What’s your passion?➢What would you fight for?

Anticipation

➢First: become an expert▪Solar: regulation, economics, stakeholders

➢Second: call the experts to understand challenges and opportunities → Insight

▪Empathy for the FUTURE user

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➢Sam Miller, GCEC 2015

-Steve Jobs

“You’ve gotta start at the [Future] user experience and work back to the technology”

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Mobilizing

➢Foresight → Insight → Action

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➢Sam Miller, GCEC 2015

-Jim Dator, Futurist

“any useful idea about the future should appear to be ridiculous”

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Fostering Entrepreneurship -Guidelines

➢Identify your values, expertise & passion➢Operate on principle (i.e.., the Four Virtues)➢Start a company now or 10 years from now➢Ask and answer ambiguous questions -

embrace uncertainty and ridiculousness➢Separate venture failure from personal failure➢Attend entrepreneurial networking events

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➢Tom Duening, Matt Metzger, Sam Miller, GCEC 2015

Contact & More Info

➢Kylie Rowe Contact:➢Email: kylie@kylierowe.com➢Twitter: @KyRoBiz

➢Ozmen Center Info:➢Facebook:

https://www.facebook.com/OzmenCenter➢Twitter/Instagram: @OzmenCenter

➢Dean Greg Mosier:➢ Twitter: @gcmosier

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