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REP 2017: Coming Soon!

Monday, March 20, 2017

The Fourth Annual Rookie Entrepreneur Program Is Approaching!

According to the 2015 Geoscape report, Hispanics in the U.S. are more likely to become entrepreneurs.  Unfortunately Hispanic businesses are more likely to fail, or stop growing.  Some of the factors that influence the failure of Hispanic business are access to capital, lack of knowledge and networking opportunities.  On 2017 UTEP will host the fourth annual Rookie Entrepreneur Program.  The REP is a week long program with the objective of providing high school students with the necessary foundations to start up their own business. This program does not only provide the necessary knowledge, but it also gives the students the opportunity to have a hands-on experience.
The Rookie Entrepreneur Program is a great way to get a head start on your career!  The fourth annual Rookie Entrepreneur Program will be taking place on July 17 – 22 of 2017.
More information on this event will be released soon!

Damaris Medina | Center for Hispanic Entrepreneurship.

Wednesday, July 6, 2016

The Rookie Entrepreneur Program is days away

This program is designated for high school graduates who are interested in pursuing a career in business. Here students will learn the basic fundamentals of what entrepreneurs engaged on a daily basis. The program will commenced July 18-23, 2016. Students will hone a set of invaluable skills from product knowledge to customer service.

1.      Exercise theoretical knowledge in real world applications
2.      To spark an interest in the field of business
3.      To recognize the subfields within business
4.      Operate business tactics and structure

For those who are interested in becoming business majors join this program to gain life changing experience.  

Any questions? Send us an email at dolivas@utep.edu or arcervantes@utep.edu

Andrew Perez

Thursday, June 9, 2016

The Rookie Entrepreneur Program Could Change A Students Future

The Rookie Entrepreneur Program focuses on students stepping out of their comfort zone to become great future entrepreneurs. The annual Rookie Entrepreneur Program is a summer program hosted July 18 - 23, 2016 which provides students the opportunity to learn all about the foundations of opening you own business. From learning business concepts and terminology to creating their own product and selling it face to face to their customers, the REP guides students in each step of the way.

 Some of the objectives from the REP for students are:

1. Have a practical understanding of the entrepreneurial activities.
2. Develop business strategies and a business plan.
3. Present projects and ideas in a business setting.
4. Identify different career paths at the College of Business Administration.

This summer program is a great opportunity for students to showcase their innovation and creativity.

Any questions? Send us an email at dolivas@utep.edu or arcervantes@utep.edu

Claudia Navarro | Center for Hispanic Entrepreneurship.

Friday, May 27, 2016

Tips To Use When Listening To Your Customers

The value of social media is rapidly increasing among businesses and has become one of the many unique ways to connect with customers. The importance of listening sounds like a simple task, but listening to your audience should be taken as a challenge. People are always willing to share their opinion, especially through social media due to the convenience of their disguise behind it. Below are some tips to help you not just hear your customers, but listen to them. 

1. Read their comments on social media
Take an hour or two to scroll through your social media platforms, this will give you an idea of what people are seeking for.

2. Ask questions
Provide people an opportunity to share with you what they liked or disliked.

3. Ask for feedback
Time to specifically ask why they like or dislike something, how can you improve or what would they like to see in the future. Raw answers mean better feedback.

4. Thank them
Customers feedback should always be acknowledged and appreciated. Show gratitude and it will build loyalty or gain it back.

5. Take chances
Use your feedback to launch new strategies, vote online, compare new products but make sure you don't reveal too much.

Commit to providing a better experience by becoming a better listener.

Claudia NavarroCenter for Hispanic Entrepreneurship. 

Thursday, March 17, 2016

Steve Jobs

Steve Jobs, an information technology entrepreneur and inventor, was interviewed in 1996 by Wired's website. In this interview he predicted the world's future and here is what he saw in his visions:

1- A world where the web will be found everywhere, in other words, mobile-first world.

2- E-commerce was going to skyrock "about two years away" he said.At that time Amazon was starting up but about 20 years later, In 2015 Amazon did 105 billion in net sales according to Business Insider. 

3- The internet would allow us to have a direct to customer distribution channel, making commerce faster and cheaper.

4- Companies have to adapt and evolve to the new world otherwise they will face the consequences. 

5- The web was going to get more complex in very simple forms. Tracking a delivery?

6- Jobs also predicted a way to sell vehicles. He thought that having too much car inventory was expensive and ineffective. Dealers should have one car in display and a catalog. 

7- Desktop market are from the last decade. New technology leads to more compact and fast processors.

8- Storage should be stored in the air. Jobs stored everything on his email.

Maria Rivero                                               Center for Hispanic Entrepreneurship

Thursday, March 10, 2016

The Rookie Entrepreneur Program

The number of Hispanic owned businesses in the U.S. in 2012 was 3.32 million and was projected to be 4.07 by 2015, yet the fastest rising "minority" in the U.S. are Hispanics. Hispanics are more likely to start their own business and to fail at doing so or become stagnant, therefore the knowledge students learn in school should prepare them for the real world.
The Center for Hispanic Entrepreneurship and the Mike Loya Center for Innovation and Commerce have teamed up to create the Rookie Entrepreneur Program, an intensive week long summer camp held by the College of Business Administration at the University of Texas at El Paso. The REP provides a practicum of entrepreneurship in a multidisciplinary setting, where students are given the opportunity to learn how to start a business from the ground up, learn how profit works, and are encouraged to take the necessary steps to become entrepreneurs by experiencing various positions that are typically seen in a real business scenario. The past two years the REP was a two day program held in the summer of 2014 & 2015 which consisted with a first day of training and a second day of practicum around the COBA. Due to such success the REP has been redesigned to provide high school students a better understanding of business foundation knowledge and comprehensive business exercises via marketing, accounting, finance, fundraising, pitching, management, and research classes among others. The program will consist of Monday through Friday classes with top mentors from the college of business administration, networking with top local entrepreneurs, business etiquette dinner, golf class, breakfast and lunch, business and entrepreneurship courses and more.
The Center for Hispanic Entrepreneurship invites any high school student interested in business to join our fun energy-fulled summer camp on July 18 - 23, 2016. To register or further questions please contact Aaron Cervantes at arcervantes@utep.edu (915) 747-6157 or Denisse Olivas at dolivas@utep.edu (915) 747-7738.

Claudia Navarro | Center for Hispanic Entrepreneurship. 

Friday, January 22, 2016

10 Regrets Most Entrepreneurs Eventually Face

Having your own business is a gratifying experience. As entrepreneurs we are forced to make decisions every day from left to right and vice versa; even though sometimes time isn’t on our favor. As everything else it has its good moments and some stressful and regretful days.

We want to focus on the missed opportunities that make us regret how we approach some aspects of our business.

1. Moving too fast
There is nothing wrong with having big aspirations, but trying to get there too quickly might be a risky move and cause your business instability.

2. Playing it too safe
Be innovative! Entrepreneurship is about taking risks and investors are willing to take them.

3. Burning Bridges
In the world of business it is important to network every day and to preserve all your relationships.

4. Focusing on a product instead of a consumer
The idea is to make your clients happy while producing a quality product.

5. Putting off company culture
The faster you do this the better results you get. Establish a foundation for the culture you want to build.

6. Not seeking a mentor earlier
Some problems need to be solved with different perspectives.

7. Holding on too long
Don’t be afraid to abandon your ideas and move on to better things. Letting go is hard, but it’s often the only choice.

8. Not asking for feedback
The only way to grow knows what you are doing right or wrong. There is always room to grow.

9. Not taking enough time off
Work to live, do not try to live to work.

10. Neglecting to live in the moment
As a business your main goal is to increase your revenue, but as a human being you want to have as many great moments as possible with the people that surrounds you.

Most entrepreneurs have been in the same position; therefore you shouldn’t focus on regrets and cherish the good moments with your team. Entrepreneurship is challenging and an exciting career, so remember from every negative experience there is a lesson to be learned. 

Maria Rivero - Claudia Navarro           Center for Hispanic Entrepreneurship