SBANC Newsletter

March 4, 2008

Issue 508-2008

QUOTE


"The vision must be followed by the venture. It is not enough to stare up the steps - we must step up the stairs."

-Vance Havne


FEATURE PAPER

Using Second Life to Teach Entrepreneurship: Adapting Technology to Pedagory

The following paper was witten by Howard Van Auken, Brian Mennecke, and Lesya M. Hassall of the Iowa State University and was presented at the 2008 United States Association for Small Business and Entrepreneurship (USASBE) .

Abstract

This workshop will present a collaborative effort at Iowa State University that leverage technology (e.g. Second Life) to teach entrepreneurship in e-commerce courses. Students created
avatars and participated in a number of learning activities in Second Life to understand ecommerce processes and products/services as well as the role of human behavior. The workshop will include the process used to build infrastructure and deliver content. This workshop will be of interest to members who want to learn about collaborative university efforts to use technology to teach entrepreneurship.

Background

Second Life (SL), publicly available since 2003, is a 3-D virtual world where content is built and owned by its residents. SL is inhabited by over 8.5 million residents from all over the world.
About 43,000 avatars are logged into the grid at any given time. The SL marketplace supports millions of US dollars in monthly transactions. This commerce is handled with the in-world unitof-
trade, the Linden dollar, which can be converted to US dollars at the LINDEX, the online Linden Dollar exchange operated by the game operator, Linden Lab. SL offers a fully-integrated
economy in that residents create their own virtual goods and services and retains the intellectual property rights for their creations. Linden Lab reported over 73 million meters sold by residents and over 14 million transactions in June 2007.

The Iowa State University (ISU) strategic plan recognizes innovation (a key aspect of entrepreneurship) as a key aspect of the university’s mission. The ISU entrepreneurship program
is now entering its tenth year. The program was designed to integrate and encourage entrepreneurial activity on campus, ranging from coursework to assisting students and faculty
starting businesses. The entrepreneurship program at ISU includes undergraduate and graduate courses in all colleges. Pedagogical innovations and curriculum initiatives are encouraged strongly by the Pappajohn Center for Entrepreneurship and from the supportive university infrastructure.

 

Read the Entire Paper...

 

TIP OF THE WEEK

Policies for Managing Accounts Receivable

If you want to collect the money owed you from credit sales, you must be very careful to give credit only to those customers who are likely to pay. To make credit work for your business, you must work consistently to collect what you are owed. The following nine policies are minimum standards for managing customer credit:

1. Make an extensive credit check prior to authorizing credit sales to any individual customer.
2. Promptly bill each customer following each credit purchase.
3. Provide cash discounts for making timely payments.
4. Enforce significant late fees and interest on past due accounts.
5. Maintain constant “aging” of accounts to quickly identify customers who become delinquent.
6. Make consistent, vigorous efforts to collect from customers, including dunning letters and phone calls.
7. Discontinue credit sales to customers who become significantly late in paying.
8. File suits and liens against the assets of customers who default on payment.
9. Use your bank as a lock box for the receipt of payments.

Entrepreneurial Small Business
Jerome Katz and Richard Green. Page 519.
Copyright 2009 by The McGraw-Hill Companies.


ANNOUNCEMENTS

National Urban Inititiatives Competition

Clark University is hosting the National Urban Inititiatives Competition. They are seeking proposals that have practicality, creativity, and are well rooted in theory. Proposals should trnslate from theor to model or vice versa. Furthermore, it should be feasible to enact into legislation.

An award of $20,000 will be given to each winner of the three categories:

1. Affordable and sustainable housing.

2. Neighborhood based economic development.

3. Financial services to low income communities.

All applicants must be from a institution of higher education and must team with one or more of a local government entity and/or non-profit organization.

Submission of Step 1 proposals are due January 25, 2008.

For more information please click here.

Discover Business! Teen Camp

The Rothman Institute of Entrepreneurial Studies, the University's Top 20-ranked entrepreneurship center, is offering two one-week summer sessions from 9 a.m. to 4 p.m. daily. The skills learned at this camp can be applied to all areas of life- in school, business and the world. For more information click here.

The $600, 000 Rice Business Plan

Your school will be able to compete in the $600,000 Rice Business Plan. The competition is on April 3-5, 2008. The deadline to apply to compete is Friday, February 22, at 5:00 pm.

All 36 teams accepted are guaranteed to win cash prizes. Total cash prizes equal $450,000, plus $150,000 in-kind prizes.Teams will present to a judging panel of over 150 venture capitalists, angel investors, private equity, and other business leaders. The Texas Venture Capital Association annual meeting will be held in conjunction with the Rice Competition. For more infomation please click here.

DELL ICSB SMALL BUSINESS EXCELLENCE AWARD

Your technology leadership could be worth up-to $50,000 and national and international recognition!

If you are or know of an owner, president, or chief executive of a company with 100 employees or less that has driven a significant change and/or developed a competitive advantage in delivering superior customer value and experience, we want to hear your story. In addition, we want you to share customer testimonials to show how technology has helped you improve customer relationships.

To seek out and reward innovative small businesses for their smart use of technology, Dell and the National Federation of Independent Business (NFIB) - one of America's leading advocacy organizations representing small and independent businesses in Washington, D.C. and all 50 states - founded the Dell/NFIB Small Business Excellence Award program in 2004.

Now in its fifth year in the United States and fourth year in Canada and Mexico, Dell is partnering, Endeavor, a global non-profit supporting emerging market entrepreneurs, and the International Council for Small Business (ICSB) and their affiliates including USASBE. ICSB has a mission to advance entrepreneurship through global knowledge sharing and networking, to expand the program internationally - additional countries participating in the program will be announced in early 2008.

The global and national awards honor small businesses that represent the spirit of innovation in applying information technology in their business practices to improve the customer experience.
U.S. finalists will be announced in May 2008. Questions about the Small Business Excellence Award can be sent to SB_Award@dell.com.

For more information please click here.


A New Addition to the SBANC Website

Just this week a free video clip player was added. These clips are called “Daily Insight and Inspiration for Growing Your Business” and are 1-4 minute videos that are updated daily.
Go to home page

 

SBI Journal - Request for Papers

The Small Business Institue is now requesting papers for the Small Business Institute Journal. If you are interested in submitting a paper, please let us know. The first issue is to be printed April 2008. For more information please click here or email us at sbij@uca.edu.

CONFERENCES

IIC
Who:
Brandon Technology Consulting and Lightning Source
What: Intellectbase International Consortium
Where:  Nashville, USA
When: May 28 - 30, 2008

 

HTSF
Who:
Dutch Institute for Knowledge Intensive Entrepreneurship
What: The Sixteenth Annual High Technology Small Firm Conference
Where:  University of Twente, The Netherlands
When: May 22-23, 2008

 

HICB
Who:
College of Business Administration at the University of Hawaii
What: 8th Annual Hawaii International Conference on Business
Where:  Honolulu, Hawaii
When: May 22 - 25, 2008

 

ISM
Who:

Institute for Supply Management

What: The 19th Annual North American Research and Teaching Symposium
Where:  Tempe, Arizona
When: March 27-29, 2008

 

 

SOBIE
Who:

Socieyt of Business, Industry, and Economic

What: 10th Annual Academic Conference of the Society of Business, Industry, and Economics
Where:  Destin, Florida
When: April 15-18, 2008

 


CALLS FOR PAPERS

MEI
Who:
Management, Engineering and Informatics
What:

The 4th International Symposium on Management, Engineering and Informatics

Where: Orlando, Florida
When: June 29th-July 2nd

Submission Deadline:
February 20th

 

KGCM
Who:
Knowledge Generation, Communication and Management
What:

The 2nd International Conference on Knowledge Generation, Communication and Management

Where: Orlando, Florida
When: June 29th to July 2nd, 2008

Submission Deadline:
February 7th, 2008

 

HICB
Who:
College of Business Administration at the University of Hawaii
What:

8th Annual Hawaii International Conference

Where: Honolulu Hawaii, USA
When: May 22 - 25, 2008

Submission Deadline:
February 18, 2008

 

ALLIED
Who:
Allied Academies
What:

Allied Academies Spring International Conference

Where: Tunica, Mississipp
When: April 2-4, 2008

Submission Deadline:
March 5, 2008

 

 

 




 

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), Federation of Business Disciplines (FBD), International Council for Small Business (ICSB), Institute for Supply Management (ISM), The International Small Business Congress (ISBC), Marketing Management Association (MMA), Small Business Administration (SBA), Service Corps of Retired Executives (SCORE), Small Business Institute (SBI), Society for Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship (USASBE), U.S. Department of Veterans Affairs (VA).. 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

Patrick Combs, Development Intern

Latedra Williams, Development Intern

Nicole Kluck, Development Intern

John Reach, 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