Entrepreneurship SCHOOL OF BUSINESS INDIAN RIVER STATE COLLEGE. Professor J. Butler Professor S. Green.

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1 Entrepreneurship SCHOOL OF BUSINESS INDIAN RIVER STATE COLLEGE Professor J. Butler Professor S. Green

2 Entrepreneurship: From ice cream to solar panels, these businesses have found the secret to crazy-fast growth. The 10 Fastest-Growing Companies in America in 2017 (see video) The 10 Fastest-Growing Companies in America in 2016 (see manual slide show)

3 Presentation Overview Part I Fastest Growing Companies Hypergrowth Characteristics 2016 Top Top 10 Social Entrepreneurs Part II Hands-On Unveiling Hidden entrepreneurial opportunities Conclusion IRSC is a Power-House for Entrepreneurship Training

4 Hypergrowth What is it? Hypergrowth is a term used for a company expanding much more rapidly than normal. They can be described as overnight successes. Discussion Pair & Share 90 seconds Is overnight success a possibility or a myth?

5 Fast-growth companies Inc (2016) What are some characteristics of fast-growth companies? Talk to the person sitting next to you to make a list.

6 Inc (2016) Characteristics of fast-growth companies include: They rely on team effort. They re headed by people who know their line of work. Headed by people who have started other businesses. They re making big bucks. They re high tech. They re better financed but not by much. Their markets aren t just local.

7 Inc Fast Growth Start-ups (2016) Founder: Chris Davis's geek love is as broad as it is deep He binges on: Pokémon Go, Harry Potter, & Game of Thrones COMPANY: Loot Crate 2016 INC RANK: #1 YEAR FOUNDED: REVENUE: $116.2 million 3-YEAR GROWTH: 66,789% After college graduation, he bounced between startups, ultimately trying to sell energy snacks to hardcore gamers (one variety: Cashews of Chaos). "The idea was destined to fail," he says, "but it meant two years learning about retail, product development, and the consumer space."

8 Inc (2017) From ice cream to solar panels, these businesses have found the secret to crazy-fast growth. (Inc. 5000) Pictured above: Brad Griffith, CEO of #3 company Gametime, an app for last-minute live-event tickets. Pictured left: Andrew Paradise. 3x Tech company Founder-CEO- Entrepreneur, and angel investor in several startups. #1 Company 2017

9 Inc (2017) Boba Guys Co. Profile Rank: #19 Growth: % Product: Boba milk tea shops with locations in San Francisco & New York HQ: San Francisco Employees: 110 Revenue 2016 revenue $2.94 million 2015 revenue $1.53 million 2014 revenue $621,636

10 Our Story: From Pop-up to a Real Storefront As we picked up momentum and developed a stronger point of view (e.g. highquality ingredients, customer service, in-house production), we started seeing that our values transcended bubble tea

11 Honey from the 'hood : A new flow from Pittsburgh's urban neighborhoods An 8-ounce jar of New York City Rooftop Honey goes for $15 at the city's Union Square farm market. The Chicago Honey Co-op ships honey and beeswax products packaged with panache. City honey finds a sympathetic market. There's the incongruity: City bees produce quality honey, foraging empty lots, flower boxes, even cut flowers -- within a couple of miles of their urban base. Also, urban beekeepers tend to be eloquent spokespeople for the embattled honeybee and its role in nature's balance. Christina Neumann owns Apoidea, a small urban apiary. The swank honey these days is harvested from city hives atop buildings in Manhattan's East Village and Chicago's West Side. Consider Social Entrepreneurship Read more:

12 Unveiling Hidden Entrepreneurial Opportunities So you want to be an entrepreneur But you don t have the start-up money What are the pros and cons of beginning a home based business? Team Activity: Make a list of pros and cons of beginning your business as a home-based business

13 IRSC is a Power House for Entrepreneurship Training! Born Again Gardens is a highly successful Treasure Coast company founded by Dennis Grimm, a recent graduate of Indian River State College. He started the business from home then grew & grew

14 IRSC is a Power House for Entrepreneurship Training! After a series of layoffs, Sarah Pizarro decided to open her own health care business, Ability Home Care. Energetic and motivated, the single mom had previous work experience in health care but knew she had to polish her business skills and create a business plan for her new firm. Pizarro found the education and guidance she was looking for through the Indian River State College Bachelor s Degree program in Organizational Management.

15 Unveiling Hidden Entrepreneurial Opportunities Concept Check Questions 1. Define hypergrowth companies, and evaluate the reasons for their phenomenal rate of growth. What are the most valid explanations for the rate of success found in these companies? 2. Many entrepreneurs test the waters of a market by starting a sideline business. What are the advantages and disadvantages of selling items on Internet auctions like ebay? Is a person who regularly has 20 or 25 items for sale at any given time an entrepreneur? What types of products would be most appropriately sold in this manner?

16 (772) 462-IRSC (4772) IRSC is a Power-House for Entrepreneurship Training! Entrepreneurship Location SBM1000 Meeting Spring Meeting 2018 Days Fort Pierce Campus Courses Times January 8 th 9:30- to April 26 th 10:45am Mondays & Wednesdays Meet Your Professor Nevins, Ellen Vero Beach Campus January 22 nd to March 5 th 5:30-8:00pm Mondays Marcelle, Edith Stuart Campus January 8 th 6:35- to April 26 th 9:00pm Wednesdays Seymour, James Virtual Campus January 8 th Online Online Capers, to April 26 th James

17 IRSC is a Power-House for Entrepreneurship Training! School of Business SBM1000 Dan K. Richardson Entrepreneurial Institute Contact Information: IRSC (4772) SBDC CCTI Pioneer Incubator

18 Need Assistance? Call: Hours of Operation: Mon. - Fri., 8AM - 5PM.

19 Questions?. Get Started TODAY! Call (772) 462-IRSC (4772) And ask for The School of Business

20 Entrepreneurship SCHOOL OF BUSINESS INDIAN RIVER STATE COLLEGE Professor J. Butler Professor S. Green

21 2017 Top 10 Fast- Growth Companies

22 2017 Top Fast- Growth Companies

23 2017 Top Fast- Growth Companies