SBANC
Small Business Advancement National Center University of Central Arkansas — Conway Arkansas
Quote
115H, College of Business - University of Central Arkansas - 201 Donaghey Ave. Conway, AR Issue: 825 – July 8th, 2014
Of The Week
“High achievement always takes place in the framework of high expectation.” - Charles Kettering
Upcoming Conferences Who: Atlantic Marketing Association
AMA
Where: Asheville, NC
What: 2014 Annual Conference When: September 25-27, 2014
AA
IEDC
AA
SBI
Who: Allied Academies
When: July 21-25, 2014
What: Summer International Internet Conference
Where: Online
Who: International Economic Development Council
When: October 19-22, 2014 Where: Fort Worth, TX
What: IEDC Annual Conference
Who: Allied Academies
When: October 15-17, 2014
What: Fall International Conference
Where: Las Vegas, NV
Who: Small Business Institute
When: February 12-15, 2015
What: 39th Annual Academic Conference
Where: St. Pete Beach, Florida
Announcements SBANC
IEDC
ISBE
ICSB
ASBE
The Small Business Advancement National Center aims at increasing your knowledge of small business and entrepreneurship. All questions and comments are greatly appreciated.
The International Economic Development Council is offering an Economic Development Credit Analysis training course on August 6-8, 2014 in Denver, Colorado.
The Haydn Green Institute at Nottingham University in partnership with the Institute of Small Business & Entrepreneurship (ISBE) is inviting people to attend a Paper Development workshop that will take place on September 18, 2014 at Nottingham University, Nottingham, The Mentoring Institute at the University of New Mexico is accepting proposals for its seventh annual Mentoring Conference. The 2014 conference will be held on Tuesday, October 21 through Friday, October 24 in Albuquerque, NM, at the Student Union Building, UNM. The Association for Small Business and Entrepreneurship is having their 2014 ASBE Conference September 24-26, 2014, at the Doubletree Hotel in Memphis, Tennessee.
Call for Papers WBI
WBI
ICEHM
Who: World Business Institute
When: December 8-9, 2014
What: World Business, Finance & Management Conference
Where: Auckland, New Zealand
Who: World Business Institute
When: December 15-16, 2014
Deadline: November 24, 2014
What: Annual Tokyo Business Re- Where: Tokyo, Japan search Conference Deadline: October 31, 2014
Who: Int’l Centre of Economics, Humanities and Management What: ICMBM 2014 Conference
When: October 1-2, 2014 Where: Phuket, Thailand Deadline: August 1, 2014
Who: International Advisory Board When: February 19-20, 2014
IAB
What: 15th Int’l Conference on Knowledge, Culture and Change
Where: Berkeley, California Deadline: July 17, 2014
Tip
of the Week
“Startups are about finding customers, not building products.”
No entrepreneur fails because he couldn’t build his product. He fails because no none wanted to buy what he built. Here’s how a startup typically works: 1.) An entrepreneur gets and idea and his mind starts racing with all the possibilities of what it could turn into, the impact it could have on the world, and all the money it could generate. 2.) Next, the entrepreneur builds his idea. He spends a lot of time and money trying to build the most comprehensive version of it, rarely showing it to anyone because he wants it to be perfect before potential customers see it. First impressions are everything! 3.) Then, the entrepreneur brands his idea. He develops a catchy name and a logo. He purchases a domain and builds a web site. He creates marketing materials. This has to look professional, he tells himself. 4.) Finally, he goes out looking for customers and, more often than not, strikes out big time, causing him to realize that something is wrong with his initial idea. He revisits the idea and starts brainstorming how to make it better. And then he repeats steps 1 through 4 all over again, spending a lot of time and money, without making any forward progress.” This is the startup loop of despair. It can last anywhere from a few months to a few years, all before the business generates any substantive revenues. But successful entrepreneurs know that the startup loop of despair is completely avoidable. They know that once you come up with a great idea, the very next step should be to find potential customers and determine if your product is even worth building.
Finding customers before building your product will guarantee that you will build a product people actually want by figuring out which features and benefits are the most valuable. Above all, this means your startup will actually generate revenue.
“
Feature Paper
SBANC Staff
A Business Success Versus Failure Prediction
Executive Director
Model For Small Businesses in Israel
Dr. Don B. Bradley III
Development Intern Abstract
James Vire
Development Intern
With the great discrepancy in the literature as to which variables do in fact lead to success or failure of small businesses there is no theory; the Lussier (1995) 15 variable business success versus failure prediction model stands out in its accuracy that has been tested and validated already in three very different parts of the world. This study further contributes by testing the model in Israel with a sample of 205 small businesses - 101 failed and 104 successful. Results support the model’s validity in Israel, reinforcing its global validity and moving toward a theory; while demonstrating similarity of SMEs in Israel to those in other economies. (pg. 45)
Daniel Champion
Comments? The Small Business Advancement National has recently made immense changes to the layout of its website, SBAER.UCA.EDU, as well as its Newsletter. We welcome constructive criticism, comments, and of course, all questions throughout this transition.
Contact Us
Read Entire Paper Here
Email: SBANC@UCA.EDU Phone: 1 (501) 450-5300 Mail:
Feature Paper Source:
Tip of the Week Source:
Small Business Institute National
All In Startup: Launching A New Idea
Conference
When Everything Is On The Line
Robert Lussier and Shaike Marom
Diana Kander
Page 45 - 61
Wiley
UCA Box 5018 201 Donaghey Avenue Conway, AR 72035-0001
Pages 15-16
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