{"id":616,"date":"2009-04-21T14:08:23","date_gmt":"2009-04-21T19:08:23","guid":{"rendered":"http:\/\/www.vanderbilt.edu\/magazines\/vanderbilt-business\/?p=616"},"modified":"2015-07-07T20:19:08","modified_gmt":"2015-07-07T20:19:08","slug":"an-eye-for-enterprise","status":"publish","type":"post","link":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/an-eye-for-enterprise\/","title":{"rendered":"An Eye for Enterprise"},"content":{"rendered":"
\"Germain<\/a>
B\u00f6er has helped many students launch their own businesses.<\/figcaption><\/figure>\n

B\u00f6er has helped many students launch their own businesses.<\/p>\n

Are entrepreneurs born or made? Professor of Management Germain B\u00f6er believes it\u2019s a bit of both. On the one hand, he says, \u201cYou have to know how to reach your customers, how to build an operation that works smoothly. These are things that many people who start companies don\u2019t really know. That\u2019s why, for entrepreneurs, we have to have a very strong program in general business. My thesis is that entrepreneurs who get a good MBA degree have a much lower business failure rate than those who don\u2019t.\u201d<\/p>\n

On the other hand, he says, \u201cA lot of entrepreneurship is an attitude more than a set of skills you pick up. The non-entrepreneur will look at the problems with starting a business, while the entrepreneur looks at the opportunities.\u201d<\/p>\n

Right now, B\u00f6er insists, is actually a great time to start a business. \u201cI know a guy who is buying mortgages on the cheap, culling the bad and reselling the rest. That\u2019s the way entrepreneurs think. I don\u2019t so much teach these qualities as observe them in successful entrepreneurs.\u201d<\/p>\n

What he does provide, along with the business skills that entrepreneurs need, is abundant opportunities for students at Owen to network with successful entrepreneurs. Along with pairing students with local entrepreneurs for projects\u2014like the one that connected Tom Ryan to the slot-machine maker\u2014B\u00f6er regularly invites entrepreneurs to his classroom.<\/p>\n

\u201cYou bring in people who have been successful in businesses that the students may not have heard of, or who take an unusual approach to the way they look at business and solve problems creatively, and it stretches students\u2019 minds. It helps them see that they can go out and do something, too.\u201d<\/p>\n

Three times a year, B\u00f6er invites area entrepreneurs from a variety of industries to networking breakfasts at Owen, where they can connect with each other (and with students). \u201cThat\u2019s how you get entrepreneurial activity started,\u201d he says. Among the companies that have attended are Video Gaming Technologies, Avenue Bank, CareHere LLC, Edison Automation and Pharm MD, just to name a few.<\/p>\n

B\u00f6er also helped launch and sustain the Nashville Capital Network, which connects investors to people with promising ideas for startup businesses. Each semester two Owen students serve the organization, meeting with investors and helping entrepreneurs sharpen their business plans. The experience, B\u00f6er says, is invaluable: \u201cWhen they graduate, these students can go to work in private equity firms without much trouble.\u201d<\/p>\n

He also helps students launch their own businesses. He can tick off a list of business ventures in which current MBA students are involved\u2014from doggie daycare to insurance products for pro sports figures to tire recycling in Dubai.<\/p>\n

Operating a business, B\u00f6er says, helps students think about how everything fits together. \u201cThey learn a lot about self-reliance and how to solve problems. It builds their confidence.\u201d<\/p>\n

In all these ways B\u00f6er has worked to build a culture at Owen that literally encourages entrepreneurism. \u201cIn our society,\u201d he says, \u201cthe only way you can become wealthy is to make lots of people better off than they were before.\u201d (Think of the personal computing industry.) You\u2019re not just making money; you\u2019re making a contribution to society. So I\u2019m always telling people, \u2018Go out and get rich.\u2019”<\/p>\n","protected":false},"excerpt":{"rendered":"

B\u00f6er has helped many students launch their own businesses. Are entrepreneurs born or made? Professor of Management Germain B\u00f6er believes it\u2019s a bit of both. On the one hand, he says, \u201cYou have to know how to reach your customers, how to build an operation that works smoothly. These are things that many people who […]<\/p>\n","protected":false},"author":341,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,66],"tags":[27],"class_list":["post-616","post","type-post","status-publish","format-standard","hentry","category-mini-feature","category-departments","tag-spring2009"],"_links":{"self":[{"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/posts\/616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/users\/341"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/comments?post=616"}],"version-history":[{"count":3,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/posts\/616\/revisions"}],"predecessor-version":[{"id":9265,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/posts\/616\/revisions\/9265"}],"wp:attachment":[{"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/media?parent=616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/categories?post=616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/tags?post=616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}