During orientation at Booth, we had the opportunity to hear from Booth Alumni from a variety of different backgrounds. Their number one advice to us was about the importance of taking risks while in school. Turns out, we may have taken that advice a bit too seriously. This past summer, we gathered the courage to forego a traditional summer internship in order to start a company. It was an experience that far surpassed our expectations.
For one of my classes (my favorite class, actually), New Venture Strategy with Professor Jim Schrager, my final assignment is to write a “Make Me a Million” paper, where I interview an entrepreneur who has made his or her idea into a business with an estimated net worth of at least one million dollars. The objective is to gain a deep understanding of how this individual transformed the seed of a business idea into a successful enterprise. What was the inspiration? What were the challenges and setbacks? What were the risks and how did they determine whether those risks were worth taking?
I took advantage of our Executive-in-Residence (EIR) program here at Booth and reached out to Michael Alter, former CEO of The Tie Bar. Michael is also cofounder and former CEO of SurePayroll; as well as an adjunct professor of entrepreneurship here at Booth.
2016 is here, and New Year’s resolutions are in full swing. When the New Year started, millions around the world awoke with renewed hopes and plans, strengthened commitment to goals old and new. The New Year means different things to different individuals such as working out more, eating more organic food, and reading more books. To many people, the New Year means…
A chance to start fresh and make new friends.
A chance to erase all the worries, fears, and mistakes of the year before and replace them with something positive.
A chance to forgive & forget & move forward. To find a better way by learning from our mistakes.
A new chance to forgive ourselves and others.
A chance to start new goals or even old ones and work our way towards completing them with even more excitement.
Well… for Chicago Booth students, the New Year brings the Edward L. Kaplan, ’71, New Venture Challenge (NVC) and a chance for students to vet their new business ideas.