Babson Center steps up entrepreneurial focus
The Babson Center for Global Commerce will step up its focus on entrepreneurship in the coming academic year with its first-ever Entrepreneurial Challenge, offering teams of University of the South students the chance to compete for cash prizes for the best business plan. The winning team will also have the opportunity to apply for a $5,000. grant to launch their plan.
The competition is part of the Center's Entrepreneurship Week, scheduled for October 22-26. A similar contest for area high school students is also scheduled for October.
The competitions will be open to for-profit and social entrepreneurship business plans. To register for the competition or for more information, contact Center director Chip Manning by September 7.
Interest in entrepreneurship has been growing in recent years, spurred both by stories of entrepreneurial success and the increasing competition for jobs in the business sector.
Manning was one of eight entrepreneurial experts consulted by The Huffington Post in a recent report on what it takes to start a new business. Manning recently advised people considering starting their own businesses that they will need both passion and patience if they want to start a business.
"Don't start unless you're passionate about the idea," Manning said. "If you want to be successful and break out of the pack, expect that your work will consume your life."