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<News hasArchived="false" page="44" pageCount="50" pageSize="10" timestamp="Sun, 17 May 2026 10:42:02 -0400" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts.xml?page=44">
  <NewsItem contentIssues="true" id="52247" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/52247">
  <Title>Streamlining Your Business Plan Workshop</Title>
  <Tagline>Starts Monday, June 15, 2015!</Tagline>
  <Body>
    <![CDATA[
    <div class="html-content">Happy summer entrepreneurs!! I hope everyone is having a fun, safe, and relaxing summer. I just wanted to let you know about an amazing workshop that will be hosted at Betamore in June. Details are below!<div><br></div>
    <div>
    <div><u>Workshop Overview</u></div>
    <div>Are you looking to start a side business or your own company but don’t know where to start?</div>
    <div><br></div>
    <div>Learn the basics and build a plan to take the first step in launching a business. Come prepared to share your idea with others and benefit from constructive group feedback. Leave with actionable next steps to grow your idea into a business.</div>
    <div><br></div>
    <div><em>This workshop is a three part series, cost covers all three days!</em></div>
    <div><br></div>
    <div><strong>Part 1 (June 15)– Validating your business idea and building a platform for your idea to start, profit and grow</strong></div>
    <div><ul>
    <li><span>Learn techniques to validate your idea before investing time and money</span></li>
    <li><span>Build a customer model that outlines the fears, wants and needs of your target audience</span></li>
    <li><span>Sharpen the aim and provided solution for your business idea</span></li>
    </ul></div>
    <div><strong>Part 2 (June 17)– Developing a sound business plan for growth, profitability, and the long haul</strong></div>
    <div><ul>
    <li><span>Learn to build a business plan that is sustainable</span></li>
    <li><span>Prepare for growth and build a cap for downside loss</span></li>
    <li><span>Common “first-time” mistakes of new entrepreneurs</span></li>
    </ul></div>
    <div><strong>Part 3 (June 24)– Understanding smart leadership tactics, developing a workflow system, and opening your business</strong></div>
    <div><ul>
    <li><span>Learn the cost of operating a business as the founder and leader</span></li>
    <li><span>Identfy characteristics of good leaders and businesses</span></li>
    <li><span>Learn simplification engines and management techniques</span></li>
    </ul></div>
    <div><strong>Prerequisites</strong></div>
    <div><ul>
    <li><span>Business idea, proposal, or operating small business</span></li>
    <li><span>Willingness to work in groups and dissect ideas; open to feedback to improve current idea or business operations</span></li>
    </ul></div>
    <div><strong>What to Bring</strong></div>
    <div><ul>
    <li><span>Laptop</span></li>
    <li><span>Notepad and Pen</span></li>
    </ul></div>
    <div><strong>Skills Taught</strong></div>
    <div>
    <ul>
    <li><span>Business Development</span></li>
    <li><span>Business Plan</span></li>
    </ul>
    <div><br></div>
    </div>
    </div>
    <h4>More information can be found <a href="http://betamore.com/education/streamlining-your-business-plan/" rel="nofollow external" class="bo">here<br></a>Enroll in this course <a href="http://www.eventbrite.com/e/streamlining-your-business-plan-tickets-5775377309" rel="nofollow external" class="bo">here</a>
    </h4>
    </div>
]]>
  </Body>
  <Summary>Happy summer entrepreneurs!! I hope everyone is having a fun, safe, and relaxing summer. I just wanted to let you know about an amazing workshop that will be hosted at Betamore in June. Details...</Summary>
  <Website>http://betamore.com/education/streamlining-your-business-plan/</Website>
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  <PostedAt>Fri, 12 Jun 2015 08:23:03 -0400</PostedAt>
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</NewsItem>
  <NewsItem contentIssues="true" id="51546" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/51546">
  <Title>Cangialosi Business Innovation Comp WINNERS Announced</Title>
  <Tagline>Who took away the cash prize?!</Tagline>
  <Body>
    <![CDATA[
    <div class="html-content">
    <div>On Thursday, April 23rd, a full house of supporters turned out for the second annual Cangialosi Business Innovation Competition (CBIC). Coordinated by UMBC’s Alex. Brown Center for Entrepreneurship, and made possible by a generous gift from alumnus and serial entrepreneur Greg Cangialosi, the CBIC offers students an opportunity to experience the process of planning a start-up business.</div>
    <div><br></div>
    <div>As the members of the teams arrived, a blend of confidence and nervousness filled the air. Seven (7) teams were selected out of 28 applicants to share their business ideas with a panel of three judges; Ed Chalfin, Co-chair of the Baltimore Angels, Kelly Trumpbour, Founder of See Jane Invest, and Demian Costa, Partner of Plank Industries. Teams were comprised primarily of UMBC undergraduate and graduate students, and each was paired with a business mentor to help them further develop and polish their idea prior to the final competition.</div>
    <div><br></div>
    <div>Stakes were high with cash awards of $5,000 for 1st place, $2,000 for 2nd place and $1,000 for 3rd place as well as membership to Betamore, a Federal Hill based incubator and educational facility co-founded by Cangialosi.</div>
    <div><br></div>
    <div>First place went to Michael Gardner and Nathan Hefner for their development of NeighborhoodNet, a software as a service (SaaS) platform made for creating and managing community associations websites. Michael presented the pitch to the judges solo and did an amazing job. He talked about his prior entrepreneurial endeavors and how he and Nathan were able to develop NeighborhoodNet through their previous experiences. NeighborhoodNet's goal is to give communities an easy way to personalize their sites while also staying connected to their residents.</div>
    <div><br></div>
    <div>Second place went to Patrick Wheltle and Robert Oehrli for their company Baltimore Emergency Medical Technology. Kicking the night off with a stellar pitch, Patrick and Robert explained how their electronic triage tag could be used in mass casualty incidents to help save more lives. They explained that technology in this field, and specifically with triage tags, have not changed in 40 years. During mass casualty events patients are tagged with a hand written tag and sorted by priority that way. It is their hope that their electronic tag would allow paramedics to assess patents faster and save more lives faster.</div>
    <div><br></div>
    <div>Third place went to Annah Seo and her application called PiVot. This application would enable students and working professionals to independently assess abilities and interests before moving on to explore potential career paths. Her app would be specifically marketed towards the millennial generation when they search for jobs after graduation.</div>
    <div><br></div>
    <div>Participation in the competition is just the first phase of the business education the winning teams will experience. By far the most important part of the CBIC will be what comes next, the involvement in Betamore programming and events which will provide valuable connections to the Baltimore business community.</div>
    <div><br></div>
    <div>We would like to say congratulations to all participants who entered. We are so proud of the innovation and creativity happening at UMBC and are excited to see what’s next.</div>
    <div><br></div>
    <div><em>Pictured from left to right: <span>Patrick Wheltle, Robert Oehrli, </span><span>Greg Cangialosi, </span><span>Michael Gardner, </span><span>Annah Seo</span></em></div>
    </div>
]]>
  </Body>
  <Summary>On Thursday, April 23rd, a full house of supporters turned out for the second annual Cangialosi Business Innovation Competition (CBIC). Coordinated by UMBC’s Alex. Brown Center for...</Summary>
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  <PostedAt>Sat, 25 Apr 2015 17:17:32 -0400</PostedAt>
  <EditAt>Sun, 26 Apr 2015 13:26:06 -0400</EditAt>
</NewsItem>
  <NewsItem contentIssues="true" id="51375" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/51375">
  <Title>Cangialosi Business Innovation Competition is TOMORROW!</Title>
  <Tagline>Come &amp; support UMBC student entrs, Library 7th floor 7-9pm</Tagline>
  <Body>
    <![CDATA[
    <div class="html-content">
    <h5>This is a reminder that the Cangialosi Business Innovation Competition is <strong>TOMORROW (4/23)</strong>! The event will begin at 7:00pm on the 7th floor of the AOK Library.</h5>
    <div><br></div>
    <div>Watch seven student entrepreneurs compete on winning the grand prize.</div>
    <div><br></div>
    <div>
    <div><strong>What is the Cangialosi Business Innovation Competition (CBIC)?</strong></div>
    <div>CBIC is an opportunity for UMBC graduate and undergraduate students who aspire to fulfill entrepreneurial pursuits. Participants will experience the process of planning a startup business by submitting a competitive and realistic 3-5 page business plan and qualifiers will present their idea in a final competition. The CBIC is a<span> next level competition designed to give aspiring entrepreneurs a real opportunity to experience every aspect of planning to launch a startup. The competition pairs finalists with business mentors from the community and gives them practice presenting their ideas to a panel of experts. It also provides “real world” experience and helpful feedback. In addition to mentorship from real world experts, the program is also designed to connect students to the local entrepreneurial ecosystem.</span>
    </div>
    <div><br></div>
    <div><strong>Prizes:</strong></div>
    <div>
    <div>First Prize= $5,000</div>
    <div>Second Prize = $2,000</div>
    <div>Third Prize = $1,000</div>
    </div>
    <div><br></div>
    <div>In addition to the seed funding winners also receive support from our sponsors including:</div>
    <div><ul>
    <li><span>Free legal services</span></li>
    <li><span>Accounting advice</span></li>
    <li><span>Membership at the award winning Betamore campus in Federal Hill</span></li>
    <li><span>Fundraising advice &amp; pitch practice w/ members of the Baltimore Angels</span></li>
    </ul></div>
    </div>
    </div>
]]>
  </Body>
  <Summary>This is a reminder that the Cangialosi Business Innovation Competition is TOMORROW (4/23)! The event will begin at 7:00pm on the 7th floor of the AOK Library.     Watch seven student entrepreneurs...</Summary>
  <Website>http://my.umbc.edu/groups/entrepreneurship/events/31341</Website>
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  <PostedAt>Wed, 22 Apr 2015 09:21:34 -0400</PostedAt>
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  <NewsItem contentIssues="true" id="51457" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/51457">
  <Title>Pro Bono Small Business Boot Camp</Title>
  <Tagline>Educating &amp; empowering small business owners &amp; entrepreneurs</Tagline>
  <Body>
    <![CDATA[
    <div class="html-content">
    <p>Register to attend a one day event that will provide
    valuable legal resources and advice for small business owners and aspiring
    entrepreneurs.</p>
    
    <p><strong>The event is Saturday May 2, 2015 with many different
    sessions throughout the day. Click <a href="http://www.smallbizbootcamp.org/" rel="nofollow external" class="bo">here </a>to find out more information and to
    register!</strong></p>
    </div>
]]>
  </Body>
  <Summary>Register to attend a one day event that will provide valuable legal resources and advice for small business owners and aspiring entrepreneurs.    The event is Saturday May 2, 2015 with many...</Summary>
  <Website>http://www.smallbizbootcamp.org/</Website>
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  <NewsItem contentIssues="true" id="51404" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/51404">
  <Title>How to Structure Your Business Recap</Title>
  <Tagline>Jason discusses the different business structures available</Tagline>
  <Body>
    <![CDATA[
    <div class="html-content">
    <div>Determining how to structure your business is one of the most important legal decisions you'll have to make. Luckily for us we have Jason Pappas to help. </div>
    <div><br></div>
    <h4>Wan to learn more about this topic? We have some good news! </h4>
    <h5>Jason will be teaching a course on Entrepreneurial Finance (ENTR 330) this fall which correlated closely to this workshop’s content. You can find more information about the class <a href="http://my.umbc.edu/groups/entrepreneurship/news/51124" rel="nofollow external" class="bo">here</a>.</h5>
    <div><br></div>
    <div><strong>You can also find the unedited audio of the workshop below.</strong></div>
    <div><br></div>
    <div>Below is a simple table that summarizes the differences between the five structures of business you can have. <em>Overall the best way for an entrepreneur to set up their business is S-corporation or a LLC.</em>
    </div>
    <div><br></div>
    <div><img src="http://i60.tinypic.com/25kpy5y.jpg" style="max-width: 100%; height: auto;"></div>
    <div><br></div>
    <div>
    <strong>Sole proprietor</strong> is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. This means that if someone is to sue your company you are not protected. You also need to pay all taxes on profits that you earn. </div>
    <div><br></div>
    <div>A <strong>partnership </strong>is a legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. The two most common are general and limited partnerships. There is also no liability protection in case the company is sued. However, there is <u>pass through</u> on taxes. In short pass through means that you will not be double taxed for any profits. The rate on a securitized asset is "passed-through" to investors once management fees and guarantee fees have been paid to the securitizing corporation.</div>
    <div><br></div>
    <div>A <strong>C-corporation</strong> refers to any corporation that is taxed separately from its owners. A C-corporation is distinguished from an <strong>S-corporation</strong>, which generally is not taxed separately. Entrepreneurs would not want to structure their business as a C- corporation because there is no pass through on taxes. A C- corporation is best used if you want to reinvest the money into the business and avoid being double taxed.</div>
    <div><br></div>
    <div>A limited liability companies (<strong>LLC</strong>) is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. This structure also allows you to choose how you want to be taxed and if you can discriminate distribution between owners.</div>
    <div><br></div>
    </div>
]]>
  </Body>
  <Summary>Determining how to structure your business is one of the most important legal decisions you'll have to make. Luckily for us we have Jason Pappas to help.      Wan to learn more about this topic?...</Summary>
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  <PostedAt>Mon, 20 Apr 2015 22:36:54 -0400</PostedAt>
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  <NewsItem contentIssues="true" id="51401" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/51401">
  <Title>Entrepreneurs Panel Discussion Recap</Title>
  <Tagline>Four Entrepreneurs talk to UMBC students about what it takes</Tagline>
  <Body>
    <![CDATA[
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    <div>The entrepreneurial panel discussion this semester was full of diversity, both in industry and backgrounds. </div>
    <div><br></div>
    <div><strong>If you missed this informative and exciting workshop be sure to listen to the unedited audio of the workshop available below.</strong></div>
    <div><br></div>
    <div>Maneet Sarai, an alum of UMBC, is the CEO/Founder of SeeFuture, which is a company designed to provide job seekers an inside track to employment. Joseph Hyman, also an alum of UMBC, is the CEO and Founder, MoJoe Brewing Company. MoJoe is a technology company that specializes in mobile brewing solutions. Dr. Kimberly Brow is the founder and CEO of Amethyst Technologies, LLC (currently located at bwTech@UMBC Accelerator and Incubator). Amethyst personnel are changing the world by developing quality programs for clinical trials, global health, biodefense, and drug development in the U.S. and Africa. Finally, Patrick Rife, also an UMBC alum, is the founder of Pixilated, an event photo booth company.</div>
    <div><br></div>
    <div><strong>Q: What prompted you to become an entrepreneur?</strong></div>
    <div>Paul- I had graduated with a degree in art history. I found a job and worked for a couple years but didn’t feel like it was what I should be doing. It wasn’t my long term goal. I started thinking about an idea for an event photo booth and after sharing ideas with friends and gaining confidence I decided to take the leap.</div>
    <div>Kim- I was in grad school and got a job in a very small company where I was the second employee. I realized that I wanted to stay out of corporate America. I was in the right place at the right time.</div>
    <div>Joseph- I have always knew I wanted to be an entrepreneur. When I was younger I would always see opportunities to make connections with people and some money on the side. I learned how to decide if certain ideas were viable and worthy of perusing. I wanted to make sure I had the resources to fully execute it.</div>
    <div>Maneet- I found out that I am not a “9-5” guy. I wanted to be my own boss and make my own schedule.</div>
    <div><br></div>
    <div><strong>Q: What are some surprises and lessons learned along the way?</strong></div>
    <div>Paul- I was surprised to find out that I am a good entrepreneur. This role has allowed me to be myself and create amazing things. </div>
    <div>Kim- I am surprised every day. I have learned to never be surprised and to always be prepared and flexible.</div>
    <div>Joseph- Working with a physical product instead of a service/software is very difficult and I was surprised how hard it was to secure funding and support for a product before it was built. I learned that it is important to build a team of people that have many different skills but that can work together.</div>
    <div>Maneet- I was surprised about how wrong I usually am. I always think I’m right, when in reality it’s the exact opposite. I have also learned how to pivot and stand out of the crowd.</div>
    <div><br></div>
    <div><strong>Q: What have you had to sacrifice to be an entrepreneur?</strong></div>
    <div>Paul- Nothing. I would be sacrificing my potential as a person if I wasn’t doing what I’m doing now. </div>
    <div>Kim- Everything. You need to do what needs to be done and that means giving up time and pay sometimes.</div>
    <div>Joseph- Time and money. You need to be committed to making your idea happen. You also give up your sanity since you think about your business 24/7</div>
    <div>Maneet- Time and money.</div>
    <div><br></div>
    <div><strong>Q: What are the basic traits that make entrepreneurs successful?</strong></div>
    <div>Paul- Tenacity, veraciousness, bringing a unique point of view to the market, and being confident in who you</div>
    <div>Kim- Confidence and a commitment to not failing</div>
    <div>Joseph- Creativity, perseverance, and leadership</div>
    <div>Maneet- Able to accept rejection, don’t be afraid to ask for help, learn many things in many fields.</div>
    <div><br></div>
    <div><strong>Q: What advice would you give to entrepreneurial students?</strong></div>
    <div>Paul- Figure out what your minimal viable product is and go for it! Just do it and do it now!</div>
    <div>Kim- Be financially prepared</div>
    <div>Joseph- Try your best to get away from self-doubt. Every good idea started from somewhere so research your idea and commit to it.</div>
    <div>Maneet- You don’t have as much risk since you are younger, so calculate the costs and if you can do it, go for it!</div>
    <div><br></div>
    <div><strong>Q: What is your management style?</strong></div>
    <div>Paul- I try to bring people who want! I want them to work, have fun, and present. I hire for culture not for skill</div>
    <div>Kim- I have evolved from a micromanager to more of a builder of teams. It has been nice to go from very protective of my company to see it expand.</div>
    <div>Joseph- I try to manage like a “bootstrap culture.” We are all young and poor at my company but we’re all bright! </div>
    <div>Maneet- I am a very similar manager to Paul. </div>
    <div><br></div>
    <div><strong>Q: Do you ever wake up wishing you were not an entrepreneur?</strong></div>
    <div>All four speakers said no they would not choose anything else.</div>
    <div><br></div>
    </div>
]]>
  </Body>
  <Summary>The entrepreneurial panel discussion this semester was full of diversity, both in industry and backgrounds.      If you missed this informative and exciting workshop be sure to listen to the...</Summary>
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  <NewsItem contentIssues="true" id="51389" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/51389">
  <Title>Tools for the Entrepreneur Recap</Title>
  <Tagline>Josh shares resources available to entrepreneurs</Tagline>
  <Body>
    <![CDATA[
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    <div>Josh Massey, UMBC alum and entrepreneurship guru, spoke to the UMBC community about resources that can make an entrepreneurs life much easier. Some of these tools include <span>Quora, Asana, and Hootsuite which help you determine your niche market, stay organized, and promote your business. </span>
    </div>
    <div><br></div>
    <div><strong>Please see the attached PDF file which induces a summary of the workshop. Also attached is the unedited audio file of the workshop. </strong></div>
    <div><br></div>
    </div>
]]>
  </Body>
  <Summary>Josh Massey, UMBC alum and entrepreneurship guru, spoke to the UMBC community about resources that can make an entrepreneurs life much easier. Some of these tools include Quora, Asana, and...</Summary>
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  <NewsItem contentIssues="true" id="51144" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/51144">
  <Title>Cangialosi Business Innovation Competition is in ONE WEEK!</Title>
  <Tagline>Be sure to RSVP by Monday 4/20</Tagline>
  <Body>
    <![CDATA[
    <div class="html-content">This is a reminder that the Cangialosi Business Innovation Competition is only<strong>one week away! </strong><div><strong><br></strong></div>
    <div>Watch seven student entrepreneurs compete on winning the grand prize.</div>
    <div><strong><br></strong></div>
    <div><h4>PLEASE RSVP to this event <a href="http://my.umbc.edu/groups/entrepreneurship/events/31341" rel="nofollow external" class="bo">here</a> by April 20th to ensure there are enough refreshments.</h4></div>
    <div><br></div>
    <div>
    <div><strong>What is the Cangialosi Business Innovation Competition (CBIC)?</strong></div>
    <div>CBIC is an opportunity for UMBC graduate and undergraduate students who aspire to fulfill entrepreneurial pursuits. Participants will experience the process of planning a startup business by submitting a competitive and realistic 3-5 page business plan and qualifiers will present their idea in a final competition. The CBIC is a<span> next level competition designed to give aspiring entrepreneurs a real opportunity to experience every aspect of planning to launch a startup. The competition pairs finalists with business mentors from the community and gives them practice presenting their ideas to a panel of experts. It also provides “real world” experience and helpful feedback. In addition to mentorship from real world experts, the program is also designed to connect students to the local entrepreneurial ecosystem.</span>
    </div>
    <div><br></div>
    <div><strong>Prizes:</strong></div>
    <div>
    <div>First Prize= $5,000</div>
    <div>Second Prize = $2,000</div>
    <div>Third Prize = $1,000</div>
    </div>
    <div><br></div>
    <div>In addition to the seed funding winners also receive support from our sponsors including:</div>
    <div><ul>
    <li><span>Free legal services</span></li>
    <li><span>Accounting advice</span></li>
    <li><span>Membership at the award winning Betamore campus in Federal Hill</span></li>
    <li><span>Fundraising advice &amp; pitch practice w/ members of the Baltimore Angels</span></li>
    </ul></div>
    </div>
    </div>
]]>
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  <Summary>This is a reminder that the Cangialosi Business Innovation Competition is onlyone week away!     Watch seven student entrepreneurs compete on winning the grand prize.      PLEASE RSVP to this...</Summary>
  <Website>http://my.umbc.edu/groups/entrepreneurship/events/31341</Website>
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  <NewsItem contentIssues="true" id="51229" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/51229">
  <Title>SIAM Student Chapter: How to Start a Business Workshop</Title>
  <Tagline>Wednesday April 29, 12-1pm</Tagline>
  <Body>
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    <div><span>Come and join the UMBC SIAM Student Chapter as they host a workshop on starting a business!</span></div>
    <div><span><br></span></div>
    <div>
    <span>The event will take place on </span><span><strong>Wednesday, April 29 from 12-1pm in Commons 331</strong>. They are very pleased to have Tom McCabe, </span><span>a mathematician, </span><span>entrepreneur</span><span>, author, and </span><span>the founder of </span><span>McCabe Software as a speaker</span><span>.</span>
    </div>
    <br><span>The SIAM Student Chapter will provide a free lunch during the event!  Please RSVP <a href="http://my.umbc.edu/groups/siam/events/32003" rel="nofollow external" class="bo">here </a>by Friday, April 24 so they can place an order for the food; lunch is not guaranteed for those who do not RSVP.</span>
    </div>
]]>
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  <NewsItem contentIssues="true" id="51140" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entr-at-umbc/posts/51140">
  <Title>Social Entr vs. Social Action Recap</Title>
  <Tagline>Jamie shares her experience as a social entrepreneur</Tagline>
  <Body>
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    <div><span>Jamie McDonald, Chief Giving Officer of <a href="http://www1.networkforgood.org/" rel="nofollow external" class="bo">Network for Good</a>, the nation’s largest online charitable giving platform,  spoke with the UMBC community on her experiences being a social entrepreneur in her workshop titled: Social Entrepreneurship  vs. Social Action: Building Enterprises Around Social Good.</span></div>
    <div><span><br></span></div>
    <div><strong>If you missed this informative and exciting workshop be sure to listen to the unedited audio of the workshop available below.</strong></div>
    <div><strong><br></strong></div>
    <div>Jamie started off by introducing herself and highlighting her son, Cameron McDonald who is a UMBC student in the entrepreneur program. He recently launched his own company, <a href="https://www.facebook.com/butterbrothersbake?fref=ts" rel="nofollow external" class="bo">Butter Brothers</a>, and we encourage you to check them out!</div>
    <div><br></div>
    <div>Jamie then dove right in to setting the stage for a discussion on social entrepreneurship.</div>
    <div><br></div>
    <div>She started off by describing a classic enterprise as a vehicle for delivering profit for the few. She also described what non-profit means. Non-profit is really just a tax status that allows a company to keep their profits without paying taxes. In order to be classified as a non-profit the business cannot distribute their profits. In essence a non-profit should be “doing good” for the community but sometimes that’s not always the case. </div>
    <div>As the years have progressed enterprises have started to change. Crises like poverty, climate change, corruption, resource wars, depression, and suicide have become more publically talked about which means companies are address these issues.  Enterprises are now a vehicle for delivering purpose to many.</div>
    <div><br></div>
    <div>So what is social enterprise? It’s the combination of people, profit, and planet coming together.</div>
    <div><img src="http://i59.tinypic.com/29w770y.jpg" style="max-width: 100%; height: auto;"></div>
    <div><br></div>
    <div><br></div>
    <div>Some fundamental values of a social enterprise are:</div>
    <div><ol>
    <li><span>Working for the common good</span></li>
    <li><span>Caring for human resources</span></li>
    <li><span>Thoughtful governance and accountability</span></li>
    <li><span>Social: oriented towards community building</span></li>
    </ol></div>
    <div><br></div>
    <div>After explaining what social enterprises looks like she laid out the key differences of them:</div>
    <div><br></div>
    <blockquote>
    <div>First the companies are ranked from Do Good to Do Well. To “do good” means to give back to the community while “do well” means making profits. Non-profits rely on memberships and donations in order to stay afloat and give back to the community (example- YMCA). An example of a missions based company is Sevenly. Sevenly sells goods from underdeveloped countries and sells those goods in other parts of the world. They then give the profits back to the underdeveloped country. These first who companies are considered social enterprises. An example of a company that shares profits or directly benefits the planet is Toms. Finally a CSR or Corporate Social Responsibility is a company that gives back as a corporate citizen like Pepsi.</div>
    <div><br></div>
    <div><img src="http://i61.tinypic.com/16hohu0.png" style="max-width: 100%; height: auto;"></div>
    </blockquote>
    <div><br></div>
    <div>Jamie then went on to remind us that it doesn’t matter what kind of company you work at (non-profit or for-profit) because you can still be a social entrepreneur by finding a place in whatever company you’re at that also wants to work towards social change.</div>
    <div><br></div>
    <span>This then lead into Jamie talking about people and purpose and how they are the foundation of social entrepreneurship. </span><br><blockquote>
    <div><br></div>
    <div>
    <u>People:</u> There are five engines or motivations for entrepreneurs to get involved with social change. These include fear, fortune, fame, frustration, and freedom.</div>
    <div>
    <u>Purpose:</u> There are five reasons or purposes that people get involved with social entrepreneurship. These include profit, people, planted, peace and prosperity, and creativity/learning/fun.</div>
    <div><br></div>
    <div>The combination of these two things lead to thriveability.</div>
    </blockquote>
    <div><br></div>
    <div>Towards the end of the workshop Jamie reminded everyone that the people who are in the industry are constantly changing it. The minllenials are changing the game. In under a decade millennials have caused collisions in the do well/do good priorities that previously divided the workforce. Millenials are demanding companies that they work for or companies they start have a mission to help someone other than themselves.</div>
    <div><br></div>
    <div>Jamie’s final question was:</div>
    <h3>What matters to you?</h3>
    </div>
]]>
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  <Summary>Jamie McDonald, Chief Giving Officer of Network for Good, the nation’s largest online charitable giving platform,  spoke with the UMBC community on her experiences being a social entrepreneur in...</Summary>
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