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>>> GOOD MORNING AND WELCOME TO
"STREET BEAT."
I'M ROB STONERMATION.
AND IT YOU ARE LOOKING FOR
MORE, VISIT MITALENT.ORG.
>>> WELCOME BACK TO "STREET
BEAT."
WOMEN WHO OWN A BUSINESS OR MAY
BE THINKING OF STARTING ONE ARE
ARE ALL INVITED TO A DAY LONG
WORKSHOP CALLED ENTREPRENEUR
YOU.
MICHELE WATTS IS HERE TO TELL
US MORE AND JOINED BY DR. JOHN
MOORE AN ASSOCIATE PROFESSOR
FOR WALSH COLLEGE.
WELCOME TO "STREET BEAT."
>> THANK YOU.
>> CAN YOU TELL US MORE ABOUT
WHAT ENTREPRENEUR YOU IS?
>> IT IS A COLLOBORATION
BETWEEN WALSH COLLEGE AND THE
MICHIGAN WOMEN'S FOUNDATION TO
PROVIDE RESOURCES TO WOMEN
THINKING OF STARTING A BUSINESS
OR WOMEN THAT NEED TO GROW
THEIR BUSINESS AND WE WILL HAVE
A WORKSHOP ON FEBRUARY 13 TO
PROVIDE EDUCATION TO WOMEN
ABOUT THEIR BUSINESSES.
>> OKAY.
IN IS A YEARLY EVENT?
>> THIS IS OUR SECOND ANNUAL
ONE.
WE ALSO DO HAVE COME PA DEGREES
IN THE FALL FOR WOMEN AS WELL
BECAUSE WE KNOW WHAT WOMEN NEED
TO BE SUCCESSFUL.
EDUCATION AND CAPITAL.
>> I UNDERSTAND LAST YEAR WAS A
VERY SUCCESSFUL EVENT.
CAN YOU TELL US A LITTLE BIT
ABOUT WHAT MADE IT SO
SUCCESSFUL?
>> WE THINK THERE WAS A BUZZ
EARLY ABOUT IT.
WE HAD OVER 200 WOMEN REGISTER.
THE EVENT WAS SOLD OUT IN
ADVANCE AND WE HAD SOME GREAT
WORKSHOPS AND GREAT PRESENTERS
AT THE CONFERENCE.
>> SO NOW IF YOU ARE SAY YOU
ARE A WOMAN WHO MAYBE JUST HAS
A DREAM OF CREATING OR STARTING
HER OWN BUSINESS IS THAT TOO
EARLY IF IT IS JUST A DREAM OR
IS IT SOMETHING THAT THEY
SHOULD GO AND ATTEND THIS
EVENT?
>> DEFINITELY IF YOU JUST HAVE
AN IDEA, COME TO THE
CONFERENCE.
WE HAVE FOUR TRACTS, NOVICE,
PRACTITIONER, ACHIEVER AND
COMPETITOR.
NO MATTER WHERE YOU ARE ON THE
ENTREPRENEURSHIP JOURNEY WE
HAVE A WORKSHOP FOR YOU.
>> NOVICE IS A WOMAN WITH AN
IDEA OR MAYBE JUST STARTED,
WORKING OUT OF HER HOME.
PRACTITIONER IS SOMEONE WHO HAS
BEEN IN BUSINESS FOR AWHILE.
ACHIEVER IS SOMEONE WHO HAS
BEEN IN BUSINESS FOR A NUMBER
OF YEARS AND NOW IS READY TO
MAKE DECISIONS ABOUT THE
BUSINESS ABOUT REALLY GROWING
IT, EXPANDING, OPENING UP A NEW
SHOP DEFINITELY OUT OF HER
HOUSE AND THEN THE COMPETITOR
TRACT IS FOR WOMEN WHO WANT TO
ENTER A BUSINESS COMPETITION
AND OR ARE READY TO ASK
INVESTORS FOR MONEY.
HOW DO YOU MAKE THE PITCH AND
ASK FOR MONEY IN A WAY THAT
WOMEN ARE COMFORTABLE DOING IT.
>> ONE OF YOUR PARTNERS IS
WALSH COLLEGE.
WE WILL SWITCH OVER TO JOHN
MOORE HERE.
YYOU ARE ARE PART OF THE
FINANCIAL GROUP.
>> I'M AN ASSOCIATE DIRECTOR ON
THE FINANCE AND ECONOMICS
FACULTY, YES.
>> THE ENTREPRENEUR YOU IS
BEING HELD AT WALSH COLLEGE.
HOW DOES YOUR POSITION FIT INTO
WHAT THE ENTREPRENEUR YOU IS?
>> WALSH COLLEGE IS DELIGHTED
TO BE HOSTING ENTREPRENEUR YOU
AND PART OF THE PROGRAM
INVOLVES A NUMBER OF WALSH
FACULTY MEMBERS PRESENTING AND
INTERACTING WITH THE
ENTREPRENEURS AND ENTREPRENEURS
THAT BE THAT SHOW UP FOR THE
CONFERENCE.
WE ARE EXTREMELY EXCITED ABOUT
HOSTING.
>> WHEN YOU ARE STARTING UP
YOUR OWN BUSINESS FINANCE IS
ONE OF THE BIGGEST THING.
HOW CAN YOU YOU YOU HELP A
WOMAN WHO HAS AN IDEA FOR A
BUSINESS OR MAYBE IS JUST
GETTING STARTED?
>> WE WILL BE PRESENTING AS
PART OF THE PRO HE GRAM BUT ONE
OF THE OTHER THINGS WE ARE
DOING AT WALSH COLLEGE BECAUSE
WE ARE LOOKING TO CREATE
FINANCIAL ENTREPRENEURS
THROUGHOUT THE SOUTHEAST
MICHIGAN COMMUNITY IS THAT WE
OPENED UP AND CUT THE RIBBON ON
A BRAND NEW FINANCE LAB JUST
LAST WEEK.
>> CONGRATULATIONS.
>> THANK YOU VERY MUCH.
>> BACK TO YOU.
WHAT ARE SOME OF THE CHALLENGES
THAT WOMEN FACE AS FAR AS
STARTING UP THEIR OWN BUSINESS
AND WHAT ARE THE THINGS THAT
YOU TRY TO DO TO HELP THEM
OVERCOME THE CHALLENGES?
>> MUCH TO OUR DISMAY SOMETIMES
WOMEN ARE EXPERIENCING THINGS
THAT MEN DON'T EXPERIENCE.
ONE IS CAPITAL.
LOOKING FOR VENTURE FUNDING
CAPITAL IN THE COUNTRY, ONLY 5%
IS GOING TO WOMEN.
95% OF THAT IS GOING TO MEN.
WHAT WE TRY TO DO IS EDUCATE
WOMEN ABOUT THE PROCESS, ABOUT
RESOURCES, ABOUT THE AREAS OF
BUSINESS PLANING THAT THEY NEED
SO FINANCE IS OBVIOUSLY A BIG
PIECE OF THAT.
WALSH HAS SEVERAL CLASSES FOR
ENTREPRENEURS TO LEARN HOW TO
MANAGE FINANCES AND THE MORE
COMFORTABLE WOMEN ARE WITH
NUMBERS THE EASIER IT IS TO ASK
FOR MONEY AS WELL AS PROGRESS
THEIR BUSINESS IN A WAY THAT
THEY BEST SEE FIT FOR THEM.
>> OKAY.
NOW, JOHN, WHAT IS THE FINANCE
LAB.
CAN YOU EXPLAIN THAT A LITTLE
BIT MORE?
>> THE FINANCE LAB IS A STATE
OF THE ART CLASSROOM THAT WALSH
MADE A IS SIGNIFICANT
INVESTMENT IN AND INCLUDES A
STATE OF THE ART TEACHING
ENVIRONMENT.
STATE OF THE ART TECHNOLOGY AND
WHAT WE ARE MOST EXCITED ABOUT
IS THAT IT HOSTS 12 BLOOMBERG
TERMINALS.
BLOOMBERG IS THE SOFTWARE THAT
IS USED BY ALL LEADING BUSINESS
PROFESSIONALS IN NEW YORK,
CHICAGO, OTHER AREAS OF THE
COUNTRY AND THIS IS A SOFTWARE
THAT IS NOT IN GREAT SUPPLY
HERE IN THE DETROIT AREA.
WE ARE ARE HOPING THAT OUR
FINANCE LAB CAN BE PART OF
TRAINING FUTURE BUSINESS
LEADERS IN SOUTHEAST MICHIGAN
IN IT STATE-OF-THE-ART
SOFTWARE.
>> OKAY.
NOW, BACK TO YOU, MICHELE.
ENTREPRENEUR YOU IS FOR WOMEN
TRYING TO START A BUSINESS OR
IF THEY HAVE ONE.
HOW DO MEN FIT INTO THE
EQUATION HERE?
>> MEN ARE CERTAINLY WELCOME TO
ATTEND THE CONFERENCE AS WELL.
THE REALITY IS MEN ARE STILL IN
A LOT OF THE POWER POSITIONS
MAKING DECISIONS ABOUT WHO
RECEIVES MONEY AND HOW
RELATIONSHIPS ARE DEVELOPED AND
NETWORKING AND WE NEED MEN TO
BE OPEN TO A DIFFERENT
CONVERSATION ABOUT HOW YOU
WOMEN NEED TO DEVELOP THE
BUSINESS AND RESOURCES THAT
THEY NEED SOE
SUCCESSFUL AS BUSINESS OWNERS.
>> THANK YOU BOTH SO MUCH FOR
THE INFORMATION TODAY.
AND IF YOU ARE LOOKING FOR