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Washington University in St. Louis News & Information > University Groups > Olin Business School >

Skandalaris Center for Entrepreneurial Studies

Vacation: What the Heck Is That?

Not taking some R&R could leave you carrying some heavy baggage down the line, bringing you and your company down. WUSTL entrepreneurship specialist Clifford Holekamp advises that shorter vacations are less stressful for small startups that are "very dependent on the founder to run the day-to-day operations."

References:
- June 25,
2009
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Vacation: What the Heck Is That?
in the MSN Money
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How to Win a Business Plan Competition

Since their advent in 1984, more than 50 American colleges and universities host business plan competitions, yielding prizes worth more than ever. Still, it's really not about the money, says Cliff Holekamp, a senior lecturer in entrepreneurship at WUSTL's Olin business school, which hosts multiple competitions, including the recently introduced Social Entrepreneurship and Innovation Competition, a do-good variation with a $150,000 prize pool.

References:
- June 11,
2009
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How to Win a Business Plan Competition
in the The New York Times
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When Second Really Is the Best

In industry after industry, entrepreneur after entrepreneur is saying the same thing: Being first can surely be an advantage, but so can being second. Those who follow a market leader can actually be more successful in most cases, says WUSTL business strategy professor Anne Marie Knott, who discusses second-to-market advantages on the first day of her entrepreneurial studies class.

References:
- June 9,
2009
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When Second Really Is the Best
in the U.S. News & World Report online
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Resources for students looking to start a business
 WUSTL offers its young entrepreneurs advisers, storefront space and advice on raising money and paying taxes.

There is a growing number of college students interested in starting a business.
Experts point to a growing skepticism about job security as one of the motivations.
The Internet also has helped, making it possible to set up and run a business from a dorm room at a fraction of the cost of renting office space.
Article offers some pointers, such as using college resources. For example, WUSTL runs an entrepreneurial program that gives students access to advisers, storefront space and other useful tools, including information on raising money and paying taxes.

References:
- Aug. 18,
2007
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Resources for students looking to start a business
in the Chicago Tribune
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Entrepreneurship 101

Hundreds of U.S. colleges and universities have awakened to the fact that many of their graduates are likely to work for themselves someday. Many are bolstering their courses and extracurricular activities for aspiring entrepreneurs and helping students create businesses before graduation.
And many campuses are teaching entrepreneurship beyond the business school, to get students in other disciplines interested in business development.
Ken Harrington, managing director of WUSTL businss school's Skandalaris Center for Entrepreneurial Studies, talks about our program.

References:
- March 19,
2007
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Entrepreneurship 101
in the The Wall Street Journal
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Living the Dream
 WUSTL professor Glenn MacDonald comments on the importance of innovation in small businesses.

Small and midsize businesses have a long and rich history of building up America, and entrepreneurs have done so largely by being innovative. WUSTL business professor Glenn MacDonald comments on the importance of innovation when small businesses try to outdo their competition.

References:
- May 1,
2005
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Living the Dream
in the Entrepreneur Magazine
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