SBANC Newsletter

January 10, 2006

Issue 403-2006

QUOTE

"Fear melts when you take action towards a goal you really want."

     --
Robert G. Allen

 

 


FEATURE PAPER

Self-Employment in the Golden Years

The following paper was written by Sherry Robinson and Walter Janoski of Penn State University. It was presented at the 2005 Allied Academies Conference in Las Vegas, Nevada.

Abstract
The number of people who are over 60 is growing rapidly. Even though they choose to retire from full-time jobs, many retirees are healthy enough to work and want to remain active. At the same time, retired people often find they would like additional supplemental income without returning to full-time work. One solution is self-employment. This could be especially true in rural areas where it may be more difficult to obtain jobs that suit retirees' needs. This paper examines the proportions of men and women in metropolitan, suburban and rural areas who claim themselves as retired, yet receive income from self-employment.

Read the Entire Paper...

 

 

CONFERENCES

IBM
Who: IBM
What:

Lotusphere 2006

Where: Walt Disney World Swan & Dolphin Resorts, Orlando, Florida, USA
When: January 22-26, 2006

International Business Forum
Who: International Business Forum
What:

5th Annual Nanotechnology Investing Forum

Where: Lodge at Rancho Mirage, Palm Springs, California, USA
When: January 31-February 1, 2006

IPSI 2006 - MARBELLA
Who:
Internet, Processing, Systems, and Interdisciplinary (Research)
What:

IPSI 2006 - MARBELLA

Where: Hotel Puente Romano in Marbella, Spain
When: February 10-13, 2006

The Data Warehousing Institute
Who: The Data Warehousing Institute
What:

World Conference

Where: Caesars Palace, Las Vegas, Nevada, USA
When: February 19-24, 2006

Sustainable Opportunities Summit
Who: Leeds School of Business
What:

Sustainable Opportunities Summit

Where: Leeds School of Business, University of Colorado at Boulder, Colorado, USA
When: February 22-25, 2006


CALLS FOR PAPERS

Family Firm Institute
Who: Family Firm Institute
What:

Annual Conference -- FFI's 20th Anniversary

Where: San Francisco, California
When: October 25 - 28, 2006

Submission Deadline:
January 15, 2006


Schlegel Center for Entrepreneurship
Who: Schlegel Center for Entrepreneurship
What:

2006 Family Enterprise Research Conference (FERC)

Where:  Sheraton on the Falls in Niagara Falls, Ontario, Canada
When: April 28-30, 2006

Submission Deadline:
January 31, 2006


Entrepreneurship and Small Business Research Institute
Who: Entrepreneurship and Small Business Research Institute
What:

14th Nordic Conference on Small Business Research

Where:  Stockholm, Sweden
When: May 11-13, 2006

Submission Deadline:
February 1, 2006


Schlegel Center for Entrepreneurship
Who:
Schlegel Center for Entrepreneurship
What:

2006 Family Enterprise Research Conference (FERC)

Where:  Sheraton on the Falls in Niagara Falls, Ontario, Canada
When: April 28-30, 2006

Submission Deadline:
January 31, 2006


The Macromarketing Society
Who: The Macromarketing Society
What:

"Macromarketing - The Future of Marketing?"

Where: Queenstown, New Zealand
When: June 6-8, 2006

Submission Deadline:
February 7, 2006

TIP OF THE WEEK

Turning Dreams into Reality

How do you make your dreams come true? What makes the difference between those who just dream and those who make their entrepreneurial dreams come true?

The other day I realized that I'm quite a dreamer. Almost every day, I spend some time imagining what my future might look like. But, while I'm a frequent visitor to the future, I don't take up permanent residence there. I try to use my hopes and dreams as a target to shoot for, a guide for my path in my everyday business life.

That's one of the first things you have to recognize about your dreams: they can be an escape from your current reality or a foundation for a new reality. You cannot change--your life or your business--unless you can imagine a new reality.

If you let your dreams take over--if you act on them without examining them--your fantasies can distract you from more achievable goals.

For instance, if you dream of having a bigger house, faster car, or more luxurious lifestyle (and who doesn't?), it's easy to be seduced by get-rich-quick schemes. These drain your money and time away from more achievable goals, such as going back to school or getting a better job.

If you want to make your dreams come true, it's necessary to develop what I call the "discipline of dreams." You have to be able to clarify your dreams, evaluate them, and move them from the stage of imagination to action.

Let's define a "dream scale"--from the least achievable stage of dreaming to the most achievable:

  • Fantasy. Concepts which are impossible to achieve or highly unrealistic. It's not surprising that guys on late-night infomercials for make-millions-in-your-spare-time schemes are typically photographed sitting on yachts in tropical locations; these hucksters know they're selling a fantasy. Don't get me wrong: I understand that it can be useful to have fantasies that make life more bearable, especially when you're otherwise happy with your life or not in a position to change. Just don't act on them and don't sign up for that multilevel marketing scheme!
  • Dream. Concepts which are potentially achievable but where only the positive aspects are seen. Many people have their own idea of their dream business; my neighbors want to own a charming bed and breakfast in a quaint New England seaport. Is this a fantasy? Not exactly. After all, some people do run delightful B&Bs on Cape Cod. The reality, however, is that it's very difficult.
  • Vision. Concepts which are achievable and at a stage where the downsides and difficulties come into focus. At the vision stage, you're willing to challenge your assumptions (and the claims of those who promise to make your dreams come true). You're not afraid to understand the costs, limitations, and work required, as well as your chances of success. For those who are just dreamers, this feels like "popping the balloon." For those who are going to be successful, this feels like the beginning.
  • Goals. A specific, realistic objective. At the goal stage, you start to give yourself clear, practical targets for achieving your vision. You understand how much you can--and cannot--achieve, and you begin to put numbers and dates to your ambitions.
  • Plans. A step-by-step outline of how you are going to achieve your goals. This is where you determine how to make your vision a reality. You list action items, milestones, and activities. And then you go to work!

I believe in dreams. In my company, I always start our annual planning sessions the same way--by brainstorming wild ideas and discussing big goals for our future. But that's only the first hour of a three-to-five-day process. We spend the rest of the time discussing and prioritizing our goals, then devising a detailed plan for achieving them. If we didn't, our aspirations would still be dreams. Instead, we're busy making our dreams come true.

 

Abrams, Rhonda. The Owner's Manual for Small Business. Palo Alto: The Planning Shop, 2005. 35-36.

 

 

 

 

The SBANC Newsletter is provided as a service to the members of our affiliates: Academy of Collegiate Marketing Educators (ACME), Association for Small Business & Entrepreneurship (ASBE), Decision Sciences Institute (DSI), Federation of Business Disciplines (FBD), International Council for Small Business Congress (ICSBC), Institute for Supply Management, The International Small Business Congress (ISBC), Marketing Management Association (MMA), Small Business Administration (SBA), Service Corps of Retired Executives, Small Business Institute (SBI), Society for Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship (USASBE), U.S. Department of Veterans Affairs and Western Decision Sciences Institute (WDSI). If you are interested in membership or would like further information on one of our affiliates, please see our web site at http://www.sbaer.uca.edu

 

 

SBANC STAFF

Main Office Phone: (501) 450-5300

Dr. Don B. Bradley III, Executive Director of SBANC & Professor of Marketing;

Direct Phone: (501) 450-5345

Ashley Ford, Development Intern

Olivia Johnson, Development Intern

Garion McCoy, Development Intern

Brandon Tabor, Development Intern

 

To subscribe or unsubscribe to the SBANC Newsletter, please E-mail SBANC at sbanc@uca.edu

Small Business Advancement National Center - University of Central Arkansas
College of Business Administration - UCA Box 5018 201 Donaghey Avenue
Conway, AR 72035-0001
- Phone (501) 450-5300 - FAX (501) 450-5360