Skip to main content

Do You Have the Guts to Become an Entrepreneur?

Last Thursday, Isaac Budmen, co-founder of Little Tinker and a current SU graduate student, shared his entrepreneurial experience with us in my social media class. His presentation was short but inspiring.

Isaac recalled his experience of how he met with Dennis Crowley, co-founder of Foursquare and an SU alumnus. At first, Isaac was unable to set up an appointment with Dennis using his SU connections. Then, he went to Twitter. “Surprisingly,” he received a tweet from Dennis and finally met with him for a conversation. What a great example of using Twitter!  

The founding of Little Tinker did not come from a brilliant idea or a 10-billion plan; it was simply triggered by an incident where Isaac and his friends added the hashtag of #Drinkup in their tweets during a happy hour. All of a sudden, #Drinkup became a global phenomenon. Isaac saw that as a great opportunity and “jumped in” to pursue his entrepreneurship ideas --- an entrepreneur may not know everything of starting up a new business and there will be mistakes on the road, but s/he must “jump in” and start working on the “small” ideas.

I believe that great business ideas must root in useful service, but not all ideas need to be “big.” As entrepreneurs “jump in,” they can further twist their ideas for a better business plan.

Do you have the guts to “jump in” and become an entrepreneur? What other lessons do you learn from Isaac’s experience?

Comments

  1. Social media sites have definitely made is easier to for people to make small little things grow into successful entrepreneur ideas. I believe twitter is a great example of this because people can even make up a saying and having trending all across the country. These sayings also turn into actual accounts that people make to attract followers. These accounts get so much popularity that I believe like YouTube, twitter will start paying people when they reach a certain amount of followers. This just shows how much influence these networking cites can have people and how much success can come from just one little hashtag.

    ReplyDelete

Post a Comment

Popular posts from this blog

Suggestive Selling – All You Have to Do is Ask!! (By Nicole Lee)

A simple, relatively normal thing occurred while in the drive-through at Del Taco with my boyfriend the other day.After placing our semi-high maintenance food order, the person taking my order, in a forced monotone voice, unenthusiastically asks, “Would you like to add our new blah, blah, blah for dessert?”All my sweet-tooth-driven ears heard was “dessert” and I wanted something sugary to complete my four-course drive-through meal. My boyfriend asked if I wanted the donut thing they were trying to push, but I ended up going with a churro.As we received our food, my boyfriend told the server, “Good job on the upsell.”In which we received the same unenthusiastic “thank you” in reply. This all led to a discussion about suggestive selling, how easy it is, how to do it correctly, and how beneficial it is.Of course, this Del Taco drive-through upsell experience did not meet our standards of how to do it correctly, but it worked!

Easy-Peasy
Both my boyfriend and I have sales and hospitality ba…

Is today's market too tough for upscale restaurants?

Operating a restaurant is never easy, but is it particularly challenging for upscale restaurants?

Restaurants Unlimited Inc., for instance, which operates 35 fine-dining and “polished casual” eateries, filed for bankruptcy in Delaware last week. Earlier in June, the Four Seasons Restaurant, an iconic spot for power lunch in Manhattan also closed for business after its reopening within less a year.

Are these two examples an isolated case or the tip of the iceberg? Then, if upscale restaurants are struggling to survive in today’s market, what challenges are they facing?

The rising labor cost

According to the Bloomberg report, Restaurant Unlimited Inc. hires 50 salaried employees at the chain’s headquarter in Seattle, plus another 168 full-time and 1,885 part-time restaurant workers. The rising wages in Seattle, San Francisco, and Portland have resulted in a total of $10.6 million wage expenses in the fiscal year of 2019. Nevertheless, its revenue for the year ended in May dropped 1%, at $…

Are consumers loyal to home-sharing services? Implications for hosts, room-sharing websites, and hoteliers