Education

Entrepreneurship. TV Interview. Nov 30th

Entrepreneurs need Untitled design(2)to  learn new traditional management skills to improve their ability to both attract funding and succeed. That is the message I delivered in a local TV interview discussing #entrepreneurship in Northern Virginia. The region is now called “Silicon Valley East” based on the surge of entrepreneurial ventures in the area.  Check out

TV Interview Entrepreneurship Nov 30, 2015

To help entrepreneurs succeed given that 50 percent of all new ventures fail within five years, I will be reinforcing the same message in other forums in coming months

Paul B. Silverman is Managing Partner of The Gemini Business Group, LLC, a new venture development firm dedicated to helping global entrepreneurs succeed (www.geminibusinessgroup.com) . He writes and speaks about entrepreneurship, healthcare, analytics, and strategy management and is the author of “8 Building Blocks To Launch, Manage, And Grow A Successful Business.” Sign up for Entrepreneurship Today! email updates to track latest new venture developments. – See more at: Paul B. Silverman Blog

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Comments on Educational Gaming Article

Posted comments today on interesting article on “The Psychology Behind Why Gaming Helps Students Learn” in K-12 Tech Decisions. Article focused on how educational gaming helps students learn and provides good insights for using educational gaming for management training as I noted in my comments. My comments also noted that educational gaming is a high potential growth market

36917328_sTo further reinforce this point, McKinsey&Company’s  September 2015 report on K-12 education technology noted increased opportunities in the K-12 and higher education sectors, and investment is increasing rapidly. The report notes that the number of annual private-equity deals has more than doubled, from 30 in 2007–10 to about 70 in 2012–14. They also note that venture capital firms have entered the space like never before, investing $1.87 billion in 2014, up 55 percent from 2013. Link to McKinsey& Company education technology report at Link to the McKinsey report at McKinsey&Company Ed Tech Investment Report

You can see the original K12 Tech Decisions article and my comments at K-12 Ed Tech   The Psychology Behind Why Gaming Helps Students Learn.

Copy of my comments also posted below:

Thanks for interesting article. While your focus is K-12, many of your findings apply to both university level and corporate/executive training as well. My observations are based on corporate and entrepreneurial management experience, serving as an adjunct professor for 12 years at three leading universities, and being directly involved in both online K-12 and educational gaming ventures several years ago.

I am pleased to share several comments:

1. Game based learning changes thinking and improves creativity as you noted. As an example, using Harvard Business School case reviews to reinforce complex business concepts is the traditional approach used in business schools. If you couple these with a simulation game, for example, which lets students establish product mix and pricing strategies to maximize profits and EPS, you see real benefits. The key point here – the case studies and the gaming alone provide benefits but working together provides greater benefits, i.e., the “ 1 + 1 = 3” situation. We are changing student ‘thinking’ here

2. The optimum solution is as you noted to integrate educational gaming with other forms of instruction as you noted. But the challenge is both creating strong content such as noted above and developing the proper mix of time and resources. I am looking at this challenge now to structure both traditional and ‘gaming’ courseware for educating entrepreneurs ( including possibly K-12 level).

3. We need to educate decision and policy makers on the benefits of educational gaming. On the one hand, many are emphasizing the need for increased social interaction and reducing ‘screen time’- educational gaming and electronic courseware moves in the opposite direction. Creative educational gaming requiring some social interaction (such as integrating teaming an approach I am looking at in entrepreneurial courseware) appears to be an effective solution and there may be others.

4. Decision and policy makers also have to be comfortable moving to electronic media. This is changing and the work of your group and other is helping, but as we know, despite looking at a classroom filled with student I-pads, many instructors and decision makers are still ‘clinging to textbooks.’

Bottom line here – educational gaming is still in its infancy – very exciting, high growth area that can in my view fuel significant improvement in our K-12 educational system and other areas as well.

Paul B. Silverman is Managing Partner Gemini Business Group, LLC (www.geminibusinessgroup.com), a new venture development firm. He has four decades senior corporate management, management consulting, adjunct professor, and entrepreneurial management experience. He writes about entrepreneurship, healthcare, analytics, strategy management. Author of “8 Building Blocks To Launch, Manage, And Grow A Successful Business.   Follow his blog at http://paulbsilverman.com/blog/

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Entrepreneurship-Interview-Aug 7th

Untitled design(2)Interview and Book Review published in Ocean City Today – August 7th  issue:

Interview/Review- Ocean City Today Aug 7th

I shared why I wrote the new book- to help entrepreneurs create successful companies, moving beyond basic “start your own your business” guidelines to reach the critical five year survival milestone.

I also shared some key points, such as why clearly defining your business model and strategy up-front, is critical, and discussed what readers are saying.

I emphasized that statistics show entrepreneurs are a major force to spur job creation, and economic growth. New policies/programs to directly help entrepreneurs; proposed new university programs to more tightly link to the business community and leverage university assets and IP; and national entrepreneurship initiatives are my vision that I shared during the interview

I will be expanding on these points in upcoming interviews  and presentations. Stay tuned…comments always welcomed.

 

Paul B. Silverman writes about entrepreneurship, healthcare, analytics, and strategy management and serves as Advisor, Speaker, Educator, and Managing Partner of the Gemini Business Group, LLC, a new venture development firm, and author of “8 Building Blocks To Launch, Manage, And Grow A Successful Business.” He also serves as Adjunct Professor in the R.H. Smith School of Business at the University of Maryland. See more at Paul B. Silverman Blog and sign up for Entrepreneurship Today! email updates to track latest new venture developments.

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TV Interview “Entrepreneurship, Jobs, Econ Growth” Now On YouTube

Untitled design(2)I have received many requests for a copy of a one hour Inside Scoop Virginia syndicated public TV Interview I did on November 21, 2011 discussing entrepreneurship. I am pleased to advise the station posted the interview on YouTube over the weekend.

The interview focused on entrepreneurship and the recent publication of my entrepreneurial management book at that time Worm on a Chopstick : Understanding Today’s Entrepreneurial Age: Directions, Strategies, Management Perspectives

In the interview, I reviewed the challenges facing entrepreneurs,  recommended strategies, and entrepreneurial management perspectives. I also made the point, comparing the U.S.  to China and others, that we can be doing much more through creative policies leveraging entrepreneurship to create jobs and drive economic growth.

I also reviewed  the following two proposed entrepreneurship programs I developed and shared my plans for these:

Entrepreneur Empowerment Program (“EEP”) – structured regional economic development program driving economic growth and job creation. The program targeted metropolitan areas with a highly structured and targeted entrepreneurship training, mentoring, and management control methodology to help early stage companies succeed and grow. Founded on two core pillars, entrepreneurship and empowerment, the EEP provides the incentive framework at the local and regional level. Empowerment ensures these are locally driven programs, but pursued under the aegis of standards and guidelines set at the national level.

AEGIS  (Accelerated Entrepreneurial Global Investment System): A new program attracting overseas entrepreneurial firms to the United States to promote job creation, innovation, and economic growth. The program replaces today’s ad-hoc approach to identify, analyze, track and manage new ventures with a highly structured, well-defined program and builds a base of ‘showcase’ companies in targeted sectors (e.g., alternative energy, bio-tech, health care, others) that provides high upside, economic benefits. To support upcoming discussions, highlights of the AEGIS program are now posted on my blog at  AEGIS_Summary 072115

I am now again exploring interest in both of the above programs at both the national and regional levels. When you consider that in the past 15 years, about two-thirds (64 percent) of all new jobs have been created by companies with less than 500 employees, you realize that helping entrepreneurial companies succeed and grow makes good economic sense and creates value as I discussed in the interview.

Many of the points discussed in the  interview and the earlier book  are also  further developed in  my recent book 8 Building Blocks To Launch, Manage, And Grow A Successful Business.

If you are interested in seeing the interview, you can check it out at http://youtu.be/toV7VFNnFCs.  

Comments welcomed. I expect to be doing similar interviews in coming months – stay tuned

 

Paul B. Silverman writes about entrepreneurship, healthcare, analytics, and strategy management and serves as Advisor, Speaker, Educator, and Managing Partner of the Gemini Business Group, LLC, a new venture development firm, and author of “8 Building Blocks To Launch, Manage, And Grow A Successful Business.” He also serves as Adjunct Professor in the R.H. Smith School of Business at the University of Maryland. See more at Paul B. Silverman Blog and sign up for Entrepreneurship Today! email updates to track latest new venture developments. –

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How To Build The Perfect Sandcastle- Tips From Italian Architect

Good tip for summer vacation time – check out famous Italian architect’s tips for building the perfect sandcastle … analysis, planning, design, execution, observe, evaluate, make adjustments- sounds like what #entrepreneurs do when launching a new #venture. And many do not have much more than sand to work with when they start

Check out   http://tinyurl.com/o6c6jge

Enjoy your summer vacation ..

Paul B. Silverman

Illustration of sandcastle building by Son of Alan

 

Paul B. Silverman writes about entrepreneurship, healthcare, analytics, and strategy management and serves as Advisor, Speaker, Educator, and Managing Partner of the Gemini Business Group, LLC, a new venture development firm, and author of “8 Building Blocks To Launch, Manage, And Grow A Successful Business.” He also serves as Adjunct Professor in the R.H. Smith School of Business at the University of Maryland. See more at Paul B. Silverman Blog and sign up for Entrepreneurship Today! email updates to track latest new venture developments.

– See more at: http://paulbsilverman.com/blog/#sthash.X5SfmIHD.dpuf

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Quote for Entrepreneurs

There is only one corner of the universe you can be certain of improving, and that is your own self. So you have to begin there, not outside, not on other people. That comes afterwards, when you have worked on your own corner.

                                                                                                                         – Aldous Huxley

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Inc. – 8 Recommended Courses for Entrepreneurs 

Interesting Inc. Article on 8 recommended courses entrepreneurs should take. Check out  http://tinyurl.com/mct6llb

I posted following comments:

Good post and pleased to contribute here.  I like to say the “traditional laws of business are not repealed for new ventures”- not all agree with this assertion but my experience with many ventures shows these skills improve probability of success. Your selection of recommended courses is a good starting point and reinforces this point which I believe is missed by many. I suggest two additional recommended course areas

— Mathematics/Statistics – new business models and ventures are using analytics to develop innovative lines of business. Conceiving, managing, marketing, financing and growing these new analytics-centric businesses in fiercely competitive markets demands new analytic skills I find lacking. These skills can provide a competitive edge

–International – all business is global and more than 50 percent of Fortune 500 revenue is derived from overseas business. Entrepreneurs should understand how to operate in the international arena, i.e., how non-GAAP differs from GAAP reporting; how to develop equity and non-equity intl alliances; how exchange rates impact financial flows and strategies- all important management skills that provide entrepreneurs with a competitive edge.

Paul B. Silverman  Advisor, Author, Speaker, and Adjunct Professor in the R.H.Smith School of Business at the University Maryland      Blog. www.paulbsilverman.com/blog. Follow @globalbizmentor

 

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