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Two teams of SUNY Potsdam
student entrepreneurs have big plans to learn about the mechanics of starting a
business by going out and doing it.
One team is helping spread
stronger SUNY Potsdam pride across campus and the other team is learning the
basics of mapping a target market niche and finding a way to fill a need of the
market segment. Both teams are in
the “Principles of Entrepreneurship” course being taught this semester as an
advanced business elective course. “It has been a challenge
for these eager and enthusiastic students,” said Professor of Business
Administration Dr. Ed Portugal, who teaches the course. “There were also
moments of frustration as they learn the complexities of starting a business.
Now, for the next several weeks they will be executing their busines plans, and
they are hoping to see some profits at the end of the sales period.”
The business plans include
the rudiments of accounting, finance, business operations, legal environment of
business, management and marketing. One team has designed
shirts for students looking for an inexpensive way to support the school at
sports events or just simply to show overall pride to be a “bear,” which is the
mascot for SUNY Potsdam. Members of the team are Tori Ebert of Middletown, John
Van Tassel of Adams Center, Brendan Graney of Ticonderoga and Chris Janaro of
Potsdam. Scott’s Auto and Eben’s
Hearth Restaurant are subsidizing the initial capitalization and in exchange
their names are on the sleeves of the shirts. “In many of my business
classes, I learn about formulating business plans and predicting the outcomes,”
said VanTassel. “This course is interesting because we actually get to see our
business plan put into action and see if it really works.” The team also made a link on
Facebook and if anyone adds “Bear Pride” as a friend, they can find promotional
discounts and more information about the team. The shirts are on sale now
at The College Store in the Barrington Student Union until the last week of
classes this semester. The team will also operate the business at the Student
Union Lobby on Mondays and Wednesdays from 11 a.m. to 2 p.m., and Tuesdays and
Thursdays from 12:30 p.m. to 3:30 p.m. The
second group of
young entrepreneurs
is composed Chris McGregor of Johnstown, Cory Manning of Saratoga Springs,
Ashley Wiggins of Ogdensburg and Mike Bateman of Ogdensburg.They started a discount card business called “Bear
Necessities” that allows cardholder discounts at local eateries and selected stores in the Potsdam
area. The team is selling
the discount cards just outside The College Store. “This has been an exciting entrepreneurial process thus
far,” said Bateman.
“And we hope to
be financially successful by seeing some profits.” The “Principles of Entrepreneuship” course is one of several advanced business electives that students can
choose after they have completed the 10 required foundation courses in
business. First, students study the functional areas of business that include
accounting, finance, marketing, management, operations management, information
systems for business, legal environment of business, and strategic and global
management. Then they choose a specialty area in business and take additonal
courses in that field. Students can choose from marketing, entrepreneurship,
management and
general business. There are about 250 majors in business administration,
minors in music business and minors in business administration. For more information about the entrepreneurship course, contact Dr. Portugal at
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