Entrepreneur-in-Residence/l’entrepreneur en résidence

Program for U Ottawa School of Management

A) Completed or on track so far:

 

1.     Media—Media Release, Interviews with Mark Sutcliffe and A-Channel; Appearance on expert panel with Janet Eastman, Rogers 22.

 

2.     Office HoursEstablish regular office hours (Wednesdays 2 to 5 p.m. during summer).

 

3.     Office—454 Vanier.

 

4.     Business Model Competition—Draft complete (See: http://www.dramatispersonae.org/BusinessModelCompetition/DescriptionUOBizModelCompetition.htm).

 

5.     Sponsorship—Search for sponsor: commitment of three years required at $2,000 per annum. (Richcraft Construction, Days Inn. OCRI, New Beginnings for Youth, Tony Graham Foundation)

 

6.     Benefits of Sponsorship—Competition named for sponsor, recognized donor of U Ottawa SOM, opportunity to meet top students and present awards, media announcement of sponsorship and event, announcement of winners in media, winning participants’ names displayed in trophy showcase at SOM, mention on SOM website and competition website.

 

7.     Course Approval—ADM3396 Seminar in Administration: Entrepreneurialist Culture- How to Bootstrap Yourself to Business Success in the 21st Century. Winter Term 2007. Wednesdays from 4 p.m. to 7 p.m.

 

8.     Keynote Speech—Homecoming speech, open house, Saturday, September 16th, 2006 at 10:15 to 10:45 am to be given by Firestone in both official languages. Proposed title of speech: “Entrepreneurship and Intrapreneurship—the Basis for Economic Development, Personal Freedom and Knowledge”. Examines: i) the relationship between economic takeoff and the growth of an entrepreneurial culture; ii) the connection between human rights and property rights; iii) the challenge and freedom that comes from a career spent as an entrepreneur or intrapreneur; iv) true personal security derives from knowledge and know-how not control over fixed assets and capital. Copies of speech to be available after presentation.

 

9.     Entrepreneurship Clubintegrate Firestone initiatives with those of the Club. Meeting arranged. Schedule Elevator Pitch Comp. before Biz Model Comp. Winners from one feed into another. Schedule Biz Model Comp. before Wes Nicol Comp. and funnel winners from Biz Model Comp. into the Nicol.

 

10.   Entrepreneurship Symposium—met with students who wish to put on a weekend-long symposium on entrepreneurship at UOttawa.

 

11.  Moderator, Alumni Event, Toronto October 26th, 2006—“Getting the Business Model Right”

(So that the Harder you Work, the More Money you Make and the Harder it is for your Competition to Copy you)

 

12.  Professor O. J. Firestone Scholarship Fund—support for entrepreneurship education. Acquired the Party Suite for fundraising in Winter Term 2007.

 

13.  Promotion—appear in several classes in Fall 2006 to promote entrepreneurship program including: Firestone’s Winter 2007 Entrepreneurialist Culture Course, Career Centre Entrepreneurial Challenge, Entrepreneur Club’s Business Dinner (Feb 1, 2007), Entrepreneur Club’s Elevator Pitch Competition (End of First Week of Feb. 2007), Business Model Competition (March 2007) and Wes Nicol Competition (March 2007).

 

14.  Campaign—apply to Career Centre with Entrepreneurship Club for $1,600 grant to promote activities on campus. Design new campaign using outdoor lawn signs to tell a story and whet student interest on campus on entrepreneurship education, competitions and events.

 

15.  Courses attended to promote activities—Introduction to Entrepreneurship, Strategic Management, Enterprise Resource Planning, Marketing Strategy, ADM 3318 International Business and a number of engineering courses.

 

16.  Links—collect with Entrepreneurship Club and Career Centre and the SOM relevant links on one web page (possibly using a graphical interface and an out of the box look and feel a la Million Dollar Home Page: http://www.milliondollarhomepage.com/) to link all entrepreneurship activity on and off campus that would be relevant to the student entrepreneur and staff including:

 

a)     courses,

b)     research opportunities,

c)     bursaries,

d)     scholarships,

e)     prizes,

f)      competitions,

g)     events,

h)     clubs,

i)      mentoring assistance, 

j)      grants,

k)     VC,

l)      Gov't funding,

m)   Banking,

n)     Legal advice,

o)     Accounting and Bookkeeping help,

p)     Realty assistance,

q)     Tech assistance,

r)      Plus other resources on and off campus.

 

17.  Enlist support of Entrepreneurship Club to get parking signs, mural arts program and EQ Journal off the ground—require 1 to 2 volunteers for each endeavour. Some of the revenues to go to Club as an ‘annuity’, sustainable self-funded activity.

 

18.  Assist Entrepreneurship Club with design of sponsorship packages—emphasis on three year sponsorship deals to build a stable revenue base for the Club over time. Abandon one year sponsorships.

 

19.  Speech—Career Centre Speech for Entrepreneurship Challenge: “Personal Financial Habits and Creditor Proofing Yourself”.

 

20.  Presentation—Barb Orser’s class ADM3313: “Getting the Business Model Right with Case Studies”.

 

21.  MentoringCollaborate with Professor Scott Ensign. Do a new case study on GradeATechs.com, a local Ottawa startup, founded by UOttawa and Carleton students. Speak to his students in International Business ADM 3318 about entrepreneurship and intrapreneurship. Discuss starting a PB4L (Personal Business for Life) as a self administered experiment to better understand the condition of the entrepreneur. A PB4L must have the following characteristics: i. it is not a hobby, ii. it must be low risk, iii. it must be started with less than $15,000 in capital, iv. it must make a profit, v. it must be scaleable, vi. it must be able to survive the Founder, vii. it must not be hourly based, per se, i.e., hourly consulting will not do or cutting lawns is not a PB4L. Examples started from the entrepreneurship program include: qwantz.com, gradeAtechs.com (now much bigger than a PB4L), Mr Everything, StreetPaddleTennis.com, selling gold plated connectors on EBay. See also: Small Business Management.

 

B) Areas still to be explored in the near term:

 

1.     Mentoring—develop conventional and non-traditional network of mentors for student teams including self-made entrepreneurs from not only the technology industry but from service and construction industries as well as others including the NGO sector. Met with Career Centre to move this ahead. Created a list of 12 ‘unconventional’ mentors. Require space on SOM website to link student teams with mentors.

 

2.     Wes Nicol Competition—Firestone to co-ordinate U of O entrants. Successful Business Model Competitors to move onto Wes Nicol Competition. Who at U of O is doing this now?

 

3.     Parking Administration—Develop a new revenue stream for SOM entrepreneurship initiatives. Revenue split: 1/3 to Parking Admin., 2/3 to SOM.

 


4.     Newspaper—Entrepreneurship Quarterly to be published in co-operation with Exploriem.org. 15 newspaper boxes in the city. (New sponsor—Sleepwell Management)

 

1.     Leverage—require assistance within U of O SOM. Is there someone Firestone can work with in the SOM who can provide support in the form of an ‘executive assistant’?

 

2.     Develop Speakers Serieswhat is the right forum for this? How to attract student and staff to lectures?

 

3.     Learn By Doing—develop a practicum based on the Babson College model. Four initiatives possible—parking signage, EQ Journal publishing, muralarts.ca modeled after Philadelphia Mural Arts program: http://www.muralarts.org/ and applying LawnSignKing.com GM to a real world business.

 

4.     Entrepreneurship Tools, Research and Teaching Materials—Develop “The Entrepreneurs Handbook”. Tools developed include: Measuring Pre-Disposition to Entrepreneurship (the ECQ Test), Online Business Model Generator, Differentiated Value and Business Model Scoring, Sources of Bootstrap Capital, Measuring Cash Conversion Cycles, Measuring the Effectiveness of Guerrilla Marketing, GM Research Methods.

 

5.     Other Networking Events—Bootstrap Awards. (Approach Rogers to sponsor.)

 

C) Areas to be developed in longer term:

 

1.     Concentration in Entrepreneurship and Intrapreneurship, Naming Rights and Formal Centrerequire assistance of a faculty member at SOM. Can the Dean assign someone to assist?

 

2.     Foundation for Entrepreneurship—micro-capital development fund.

 

3.     Tracking Entrepreneurship Graduates—in co-operation with Exploriem.org.

 

4.     Establish “UN Day of the Entrepreneur”—celebrate the contributions of entrepreneurs and intrapreneurs to economic development, personal freedom and knowledge.

 

5.     Entrepreneurship Track at U Ottawadevelop centralized website resource for all entrepreneurship and intrapreneurship teaching, research, tools, resources and initiatives.

 

6.     Mini-Offices—develop relationships with executive offices for U Ottawa startups.


LINKS:

 

http://www.dramatispersonae.org/BusinessModelCompetition/DescriptionUOBizModelCompetition.htm

 

http://www.dramatispersonae.org/BusinessModelCompetition/UOttawaCompetitionDeGestion.htm

 

http://www.dramatispersonae.org/WesleyNicolBusinessPlanCompetition/UOttawaWesleyNicolBusinessPlanCompetition.htm

 

http://www.dramatispersonae.org/WesleyNicolBusinessPlanCompetition/UOttawaWesNicoPrixlFrancais.htm

 

http://www.dramatispersonae.org/EntrepreneurialistCultureFrontPage.htm

 

http://www.dramatispersonae.org/ECQTest/ECQ(ns)TestAuto.htm

 

http://www.dramatispersonae.org/BusinessModels/BusinessModelGeneratorLandingPage.htm

 

http://www.dramatispersonae.org/BusinessModels/BusinessModelScoring.htm

 

http://www.dramatispersonae.org/BusinessModels/BusinessModelScoringTest.htm

 

http://www.dramatispersonae.org/bmg/

 

http://www.dramatispersonae.org/UNDayOfTheEntrepreneur/UNDayOfTheEntrepreneur.htm

 

http://www.dramatispersonae.org/OJFirestonePrize/OJFirestoneArtOfInnovationInEntrepreneurshipPrize.htm

 

http://www.dramatispersonae.org/MoreNationalHolidays/SocializtionOfLeisureMoreNationalHolidays.htm

 

http://www.dramatispersonae.org/UOttawaHomecomingSpeech16September2006_bilingual4.htm