Education

Advice for Young Entrepreneurs And Some Older Ones Also …

I published this post in late 2022. I recently discussed this with several young aspiring entrepreneurs – worth repeating :

Here are words of wisdom I often share with young entrepreneurs. I used this in the intro in a recent book for young entrepreneurs:

“TWENTY YEARS FROM NOW YOU WILL BE MORE DISAPPOINTED BY THE THINGS YOU DIDN’T DO THAN THOSE YOU DID. SO THROW OFF THE BOWLINES. SAIL AWAY FROM THE SAFE HARBOR. CATCH THE WIND IN THE SAILS. EXPLORE, DREAM. DISCOVER.”

MARK TWAIN

Good advice for older aspiring entrepeneurs as well

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TEACH TEENS TO FISH AND THEY EAT …

Teach young adults entrepreneurship and they learn how business works; how to plan, develop, launch and manage a new business; how you shape ideas into business opportunities and earn money. No limit on the possibilities.

Entrepreneurship also teaches young adults critical thinking, problem solving, creativity, teamwork, ethics, and social responsibility. Most important, Entrepreneurship gives young adults a competitive edge in the job market no matter what career path they pursue. One study shows one in three US employers seeks entrepreneurial experience in their new hires.

“That is why I created the Doc Larsen New Business Adventure Series to introduce young adults to entrepreneurship and help jumpstart their careers…”    

Paul B. Silverman

Check here for more info on the new Doc Larsen New Business Adventure Series for young adults and the first book in the series  Freddie and Billie’s New Business Adventure   

Sign up for new Entrepreneurship Today! e-mail newsletter

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New Book Released Today Targets Young Adults, Creating the Next Generation of Young Adult Entrepreneurs

I am pleased to announce a new book released today ‘Freddie and Billie’s New Business Adventure’, first book in a new Doc Larsen Business Adventure Series.

The new book and series contribute to helping create the next generation of young adult entrepreneurs which I consider critically important. I appreciated the initial positive  reviews . New book draws on teaching entrepreneurship/ management at 3 universities since 2002 and my four decades of corporate and new venture development and management.

Here is copy of today’s press release:

RESTON, Va., June 17, 2020 /PRNewswire/ — Freddie and Billie’s New Business Adventure by Paul B. Silverman is the first book in the Doc Larsen Business Adventure Series™ providing young adults with new skills helping them plan, launch and manage a new business venture.

Print and Kindle Editions

Doc Larsen Business Adventure SeriesTM

  • Teach young adults to fish and they eat.
  • Teach young adults entrepreneurship and they think about business, understand how it works, how you evaluate ideas and shape ideas into business opportunities.
  • Entrepreneurship empowers young adults with a head start – thinking ‘out of the box’, testing traditional ways of thinking, translating physical actions into models to drill-down on potential opportunities.
  • Entrepreneurship empowers young adults with a competitive edge entering the job market regardless of what career path they pursue. Entrepreneurship teaches students critical thinking, problem solving, creativity, teamwork, ethics, social responsibility and how to plan, develop, launch and manage a new business.

Young readers are introduced to the Business In A Box™ planning system with seven integrated models, developed by the author introducing young adults to entrepreneurship and providing a strong foundation on how to create a successful new venture. The ‘Business In A Box™‘ seven model approach is a powerful system, simple to plan, launch and manage new ventures. Easy to explain, the models fit together offering a simplified streamlined process and a powerful tool helping young adult entrepreneurs develop a new venture plan.

Using conversations and story-telling techniques, a light entertaining, highly readable, jargon-free style, not academic lectures, to develop a real business plan ensures Freddie and Billie’s ‘learn by doing’ experience and journey is well received by young adult readers.

The number of unemployed young adults (16 to 19 years) jumped from 12 million in March to 29 million in June. Given need to help address this challenge the new book was released today in the US and internationally on Amazon (print and Kindle). Distribution via bookstores, educational institutions and libraries, and promotional tour delayed until Fall 2020.

You can read the complete press release at Press Release PR Newswire

My view is we can do more to promote entrepreneurship, including innovative regional and possibly national programs building upon many excellent resources now in place. The new book and the creation of the Doc Larsen Business Adventure SeriesTM is my contribution as an initial step. Today’s entrepreneurial revolution is creating new alternatives to spur innovation and business development and will be discussing ideas we can pursue in coming months.

Creating the next generation of young adult entrepreneurs is an ambitious tasks and I invite all to do what you can to support this objective, or as Doc Larsen says, ‘Pay it Forward’ to our next generation of youbg adult entrepreneurs.

Comments always welcomed

Paul B. Silverman

For more information, refer to the book website at https://paulbsilverman.com/books/freddie-billies-new-business-adventure/  or Amazon Print and Kindle








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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.  Read More








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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 Read More








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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 School of Business at George Mason University. 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 School of Business at George Mason University. 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 School of Business at George Mason University. 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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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 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 School of Business at George Mason University. 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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