President and CEO of NCB Chuck Snyder Encourages Active Ethical Reason
On Monday, Oct. 28, president and CEO of...
Dr. Scott Gallagher's Research Named 2013 Best Practitioner Paper
Recently, Management department head and...
Employing a competitive edge
It's real world learning at its best. The JMU...
Who is the JMU entrepreneur?
Undergraduates (of all majors) think differently — and act earlier
By Carol Hamilton ('97M)
Max Siegler ('10) and Chris Hite ('10) discuss Helion Energy Solutions, their concept for providing home and business energy audits.
Excited whispers and gestures make the classroom buzz with energy and expectation. Students huddle in small groups debating current social and industry trends, challenging economic conditions, and emerging technologies— disruptive forces that create chaos ... and opportunity.
JMU is fostering a growing network of entrepreneurs who see risk as an opportunity, and who also see ambiguity as an invitation to rewrite the rules and create new business models that solve today's problems.
These students represent all majors on campus and bring talents and expertise from their disciplines, generating a powerful collaboration for examining problems, testing assumptions and proving the viability of a new product or market. In the College of Business Venture Creation class, Jake Rasmussen ('12), integrated science and technology major, brings a new design for solar panels developed in his ISAT course. He works diligently with Ian Burpo ('12), an international business major with a passion for social entrepreneurship, and Bret Ervin ('12), a management major with a penchant for sales. As a team they develop a plan, Green Heat, to bring an affordable product to local farmers to reduce energy consumption and production costs. These students—who are now brand new alumni—love a challenge and are driven to succeed.
JMU entrepreneurs are also competitive and persevere to achieve their goals. In 2011 management majors Amber York ('12) and Michelle Carter ('12) designed, manufactured and sold an iPhone accessory that they developed in the Entrepreneurship class taught by William Wales. In the spring 2012 Venture Creation class, they worked with Matt Long ('12), a political science major, and Anthony Frye ('12), a justice studies major, to scale the product for a larger market. Alumnus Terry Bandy ('80) anchored the team as a seasoned business professional and entrepreneur, talking to the team weekly to challenge their assumptions and guide them to resources. Pricelesspocket.com was born.
Entrepreneurially minded undergraduates are attracted to JMU because of the friendly campus; the high level of engagement among professors, students and alumni; and the breadth and quality of education afforded by a highly regarded liberal arts institution.
To a degree unprecedented in higher education, JMU faculty members eagerly join forces across disciplines, sharing their expertise and resources to spark innovation in the classroom, in student organizations and in the community. JMU faculty members model and encourage collaboration—a critical factor in entrepreneurial success.
The close ties created through the Madison Experience beckon alumni to return. John Rothenberger ('88), serial entrepreneur and founder of SE Solutions, was a marketing major who didn't fit the mold. After graduation, he became the top salesman for a small company and learned the ropes. At age 28, he started a computer hardware business and discovered entrepreneurship as his career. After discovering his path, he wanted JMU students to test their own entrepreneurial aspirations earlier in their careers. So in 2005, he partnered with me to offer MGT 472 Venture Creation as an opportunity for undergraduate entrepreneurs of all majors to learn to think differently, to discover an entrepreneurial career path and to launch a business following graduation. Thanks to this immersion experience, students are accelerating their career paths by two years because they are making informed choices to enter the start-up, the mid-sized company or the corporate world.
Some are even starting businesses. Statistically, new ventures are launched 10 or more years following college graduation. From the Venture Creation class alone, JMU averages one new business launch per semester. Rothenberger's dream has come true... and this is only the tip of the iceberg.
In January, Andrew Mortillo ('13) and Gilbert Welsford ('12) started the Society for Entrepreneurs on campus. Thirteen members were selected through a group interview process to identify students with a personal passion, the entrepreneurial drive, a strong work ethic and a commitment to start a venture during their college careers or following graduation.
The Society for Entrepreneurs invites JMU entrepreneurs to share their stories and give critical feedback to students' endeavors. Cory Suter ('06) used the SOE think tank to test his latest endeavor, Direct Congress, an online voting platform to develop public policy. SOE members carefully read the business plan, met to develop their questions, conducted research, and then hammered Suter with questions and suggestions during two hour-long teleconferences. Suter was thrilled. A Harrisonburg native, Suter started BioNeighbors, a green-roofing business in Philadelphia, a few years after graduation, based on the business plan he developed in the 2005 Venture Creation class. He sold BioNeighbors to the employees in 2011 and is now pursuing his doctorate in economics at Temple University while launching Direct Congress. Suter is a serial entrepreneur in the making.
The passion and enthusiasm among JMU students are enticing more alumni to return to campus. They are serving as board members, mentors, speakers and co-conspirators in creating real-world learning opportunities for students. These alumni bring hard-earned experience and vibrant professional networks into the JMU entrepreneurial ecosystem. Thanks to alumni, JMU hosts an Entrepreneur-in-Residence program, the COB 300 Business Plan Competition, the JMU Challenge, and tours to businesses in New York and San Francisco, to name a few.
Alumni are actively participating in initiatives like the JMU Alternative Fuel Lab, the Wind Energy Center, the arboretum, and the Forbes Center for the Performing Arts. These alumni are deeply committed to JMU. They value their Madison Experience and want to give back. They help students develop and test ideas, tap resources, secure internships and jobs, and make connections around the globe. Their contributions are adding exponential value to the JMU learning experience.
So who is the JMU entrepreneur? He or she can be found in any major and usually doesn't fit the mold of the surrounding culture. These entrepreneurs see the world differently and pursue opportunities using the resources at hand. Most of them are intense competitors and relish a challenge. They pursue their dreams with passion and determination. They value opportunities to learn, connect and achieve. They dream big and give generously. They are ...JMU.