Baylor Angel Network Reports Record-Breaking Year
Baylor Angel Network (BAN) members invested more than $3 million in 12 companies in 2014, more than twice the amount invested in 2013.
Prison Program Helps Keep Inmates From Reoffending By Equipping Them With Business Skills
Huffington Post: Inmates at Cleveland Correctional Facility in Texas are being offered the opportunity to participate in a unique Prison Entrepreneurship Program (PEP). Participants take on MBA-level coursework such as business plan and pitch writing, and are paired with a mentor in the business field. At the end of PEP, prisoners are awarded a certificate of entrepreneurship from Baylor University’s Hankamer School of Business. PEP boasts more than 1,000 graduates since its creation more than a decade ago, with almost all of the ex-inmates finding jobs within 90 days of their release, according to the Associated Press.
Clarity of Purpose
Entrepreneur Kevin Rustagi says the people who survive, even thrive, in the start-up world, all tend to be “hard-wired” the same. He says gritty people have deeply thought out, long-term goals and a “stick-to-it-ive-ness.”
Per Bylund – Research Professor at Baylor University
IdeaMensch: An in-depth Q&A profile with Per Bylund, Ph.D., research professor in the John F. Baugh Center for Entrepreneurship in Baylor’s Hankamer School of Business, who addresses his day-to-day habits, his passion for entrepreneurship and how to bring ideas to life. “As an academic, I think an idea may be inspiring in itself. But to be of value, it needs to speak to someone’s emotions, fantasies, or imagination, then evolve as it’s taken on by someone who realizes its potential,” Byland said.
How do certain people achieve such great things? What really separates people who really seem to have an almost other-worldly level of commitment to their ideas? Entrepreneur Kevin Rustagi says some people have a kind of “energy about them” to create new things… and a lot of staying power has to do with grit.
Texas prison goal: Business-savvy inmates
The Salt Lake Tribune: This article cites the success of the Prison Entrepreneurship Program based in Houston, with whom Baylor's Hankamer School of Business has partnered to help male prisoners reestablish themselves by giving them the opportunity to earn certificates of entrepreneurship. According to the article, over the past 11 years, PEP “has graduated more than 1,100 students” who have opened 165 businesses “grossing more than $1 million.”
How Dreams and Money Didn’t Mix at a Texas Distillery
The New York Times: Article addressing the challenges surrounding Waco’s Balcones distillery quotes Matt Wood, Ph.D., assistant professor of entrepreneurship in Baylor’s Hankamer School of Business and an expert on business start-ups and venture capitalists, who was contacted by The New York Times to provide commentary. Wood says that entrepreneurs often have “strong identification with their businesses” and that can make it hard to give up control to investors who don’t always have that same connection to the enterprise. “When you compound that mentality with the textbook problems of entrepreneurs giving up control, it’s almost kind of a perfect storm,” Wood said.
Students Working to Improve Quality of Life in East Waco (Video)
KWTX-TV: A story about students in Baylor’s Business Excellence Scholarship Team (B.E.S.T.) class who are working with Waco civic and economic leaders as well as business owners along East Waco’s Elm Street to discuss and develop plans to help revitalize the area. The class is taught by Marlene Reed, D.B.A., senior lecturer in entrepreneurship in Baylor’s Hankamer School of Business. Reed was interviewed for the story, along with B.E.S.T. students Bryce Garoutte, Michael Summers and Jin Know.
Texas Bank and Trust honored as Business of Year
Tyler Morning Telegraph: Baylor University’s Institute for Family Business honored Texas Bank and Trust as the Texas Family Business of the Year on Nov. 6. The firm was recognized for its commitment to each other and to business continuity, and for its responsiveness to the needs of employees, communities and industries.
Baylor Entrepreneurship Students Present, Publish Case Studies
Three teaching case studies from student teams within Baylor University’s Hankamer School of Business were recently accepted for publication.
The students were all members of the Business Excellence Scholarship Team (BEST) course and were asked to write a case study, about a real organization or business, which could be integrated into the classroom learning experience.