In celebration of Global Entrepreneurship Week, Nov. 18-22, the Saint Mary’s Kabara Institute for Entrepreneurial Studies and the Business Department hosted several activities.
Global Entrepreneurship Week is a celebration of innovators and job creators who launch startups that bring ideas to life, drive economic growth and expand human welfare.
A state representative of the Small Business Development Center made a presentation on the support services available from the Small Business Administration. A group of students toured an area nursery that is diversifying into hydroponics and growing vegetables during the winter months. The Kabara Institute sponsored a new-business elevator pitch competition for students from all departments. And on the final day, Dan Skogen, chairman of Festival Foods, talked about his story and his business.
Jim Bedtke, executive director of the Kabara Institute, quoted the Department of Labor Statistics Report which states that startups in their first year of existence currently create around 2.5 million new jobs in the U.S.
The Huffington Post adds, “What you’ll find is that some of the coolest and most rewarding ‘job-jobs’ on the planet are the ones in startups and small businesses. Why? Because the folks running these enterprises tend to take the social contract with their employees more to heart than do the typical huge organizations run by professional executives and quarterly results. They appreciate the value of hard work. And the small-business owners will do just about anything to keep the business on an even keel and protect their loyal people.”