Put your 4019(K) to Work- how to use your old 401(k) to fund your startup.
Looking for a little inspiration on Hump Day? Grab a cup of fabulous Hub Coffee Roasters coffee, network with other entrepreneurs and business people, and enjoy the weekly live-stream of a popular Reno entrepreneurial event. While the Reno meetings unfold in the state-of-the-art Innevation Center every Wednesday from 9-10 AM, The Union will live-stream the event for the public in its new coffee house, which features Hub Coffee Roasters. During the casual, networking-friendly event, attendees will also have the option of ordering breakfast, espresso drinks, and fresh-baked pastries from the Union’s new menu.
“We’re excited to bring another great entrepreneurial event to Carson,” notes Miya MacKenzie, Chief Professional Officer at Adams Hub for innovation, a downtown business incubator and co-working habitat. “The Union’s wonderful new space is the ideal venue.”
1 Million Cups events are weekly meetings in which local entrepreneurs engage with their communities by presenting their early-stage businesses to a diverse audience, including other small business owners, advisors, and mentors. Run by more than 800 volunteers in over 40 states and one United States territory, these programs are organized by individual chapters who host their own meetings in locations that include coffee shops and co-working spaces.
The format is simple: entrepreneurs present for six minutes and then hold a twenty-minute question and answer session with the audience. By receiving honest and open real-time feedback from individuals with a similar business mindset, entrepreneurs can gain valuable insight into their startups from their own community, including ways that they can improve, moving forward.
While business owners certainly stand to gain from these events, everyone in attendance can learn a great deal by listening to and interacting with the presenters during the Q & A sessions. 1 Million Cups emphasizes a collaborative and welcoming culture in which attendees are encouraged to support each other in the various stages of their entrepreneurial journeys. All 1 Million Cups events are free and open to anyone.
“Adams Hub hosts an award-winning chapter of Entrepreneurs Assembly each month, and we anticipate that hosting 1MC at the Union will give EA members a chance to continue their networking and collaboration on a weekly basis,” says MacKenzie.
The 1 Million Cups name springs from the idea that millions of new ideas and connections occur over those all-important cups of coffee. The program was developed by Ewing Marion Kauffman Foundation, a non-profit based in Kansas City, Missouri, and has seen rapid growth in recent years, increasing from 23 communities in January of 2014 to 100 communities in October of 2016. The current number of communities involved in the program is now 165. 1MC has generated buzz in media outlets such as The New York Times, Success, and Fast Company.
The live-streams of the 1 Million Cups Reno chapter’s events will be held at the Coffee Shop located at the rear of The Union Eatery and Taphouse, 301 N Carson Street. You’ll find the coffee shop through the courtyard entrance at West Proctor and Curry Streets.
Live-streams will take place every Wednesday from 9-10 AM.
For more information about the Carson City 1MC event, contact Adams Hub at 775.222.0001.
To learn more about attending or presenting at the Reno live event at UNR’s Innevation Center, visit https://www.1millioncups.com/reno.
If you’ve tried to do vital #business research using Google and Wikipedia, you may have discovered that the “good stuff,” accurate, professionally-vetted data, is behind paywalls. One such premium database is ReferenceUSA. The Research Ninjas of the #Carson City Library utilize ReferenceUSA and other premium tools on Wednesdays and Fridays while helping #entrepreneurs, solopreneurs, startups and community businesses at Adams Hub (psst! It’s free.)
On Thursday, April 27th at noon, The Carson City Library and The Studio at Adams Hub for #innovation welcome ReferenceUSA Senior Account Executive Nancy Spidle, who’ll share the amazing capabilities of this business-focused database, which offers accurate data on 268 million consumers and 48 million businesses. Learn how to find answers to your burning business questions as you scrutinize markets, search for customers, optimize your supply chain or get a deeper understanding of your competition. Learn how to search smarter, faster and more strategically in this informative free hour-long class.
To RSVP for Lunchbox Learning or reserve a session with a Carson Library Research Ninja, email email@example.com or call us at 775.222.0001.
Scratch the surface of most #entrepreneurs (go on, I dare you) and you’ll find…a scratch-resistant surface. Most entrepreneurs have hard shells. As the pop culture stereotype goes, you gotta be tough to be an #entrepreneur. Not just tough, but a lone genius or a rugged individualist. Most of us are accustomed to going it alone.
Maybe you’re familiar with the Peter Principle. It holds that employees are promoted until they reach their level of incompetence. But plenty of entrepreneurs doggedly work their way up to incompetence, too. It’s something called Founder’s Syndrome. Here are the symptoms, per Wikipedia:
- The founder makes all decisions, big and small, without a formal process or input from others.
- Decisions are made in crisis mode, with little forward planning.
- Staff meetings are held generally to rally the troops, get status reports, and assign tasks.
- There is little meaningful strategic development, or shared executive agreement on objectives with limited or a complete lack of professional development.
- There is little organizational infrastructure in place, and what is there is not used correctly.
- There is no succession plan.
Does this sound like you? No founder can succeed without “working on the #business, not in the business,” as Michael Gerber’s business classic The E Myth describes it. Yet the vast majority of US business owners don’t take the time to step back and examine their strategy, ask the big questions, or seek out the opinions of our peers or outside experts.
Very few of us have a board of directors or even an informal #advisory board. (There are companies who offer “virtual” advisory boards, but over the years I found many of these to be prohibitively expensive or run by people without the kind of entrepreneurial experience I sought.)
So entrepreneurs can be a little…secretive. Not surprising really: many of us start companies so we don’t have to answer to anyone else. There are plenty of chips on entrepreneurial shoulders. This can lead to some less-than-productive behaviors, such as bottling everything up and feeling as though we should have all the answers. Many founders’ families–even their spouses–have no idea what’s keeping them up at night.
So what’s a rugged individual to do?
Entrepreneurs Assembly is a #Northern Nevada business-support organization born in the Great Recession. It’s a non-profit, where members get to experience expertly facilitated round-table discussions about their biggest issues, the stuff of insomnia.
EA’s motto is “Founders Helping Founders,” and it’s clear to see that the magic of these round tables is a set of fresh ears and fresh brains who can help you think differently. Even if it’s just for a few hours once a month. EA members help each other identify blind spots and remove road blocks.
Of course, you’ll leave the meeting with “marching orders” for the next 30 days. And suddenly, you’ll rediscover the beauty of accountability. (You said you were going to terminate that toxic employee in last month’s meeting, and your peers are waiting to hear how it went. No wiggle room. You can’t pull that “I’m the boss” card to explain why you postponed the inevitable…again.)
Best of all, few of those crucial “marching orders” require that you spend any money. EA Founder Matt Westfield keeps members focused on their customers. You’re going to spend some time, certainly, but some of the most profound changes you can make involve talking to people and doing research. Engaging with your customers or your marketplace.
At every meeting I see resources shared: a #mentor or another member provides an email or phone number for a key contact that can provide help. Someone writes down a book or blog to read, or suggests an app to try. Some of the resources are so laser-focused, so ridiculously relevant for the individual involved, it’s hard to believe the serendipities. But that’s what happens when you leave your hard shell behind and get real, and really honest, with other people who are on the same path. And by the way, confidentiality is a sacred vow to EA members.
The founders of EA saw a huge gap and are busily filling it, with chapters in Reno, South Lake, Incline and now #Carson City, where the meeting is held in The Studio at Adams Hub, 177 W. Proctor. And did we mention that there’s no charge to take part?
Our final meeting of 2016 is being held November from 5:30 to 8:30 p.m. is your chance to “work on, not in” your business. For more information, email firstname.lastname@example.org, or call us at 775.222.0001. You can also visit www.ea-nv.org.
EA, the award-winning, mentor-based #entrepreneurial support organization meets each month on the third Wednesday at the Studio at Adams Hub. EA’s motto is “#founders helping founders” and brings together #mentors, entrepreneurs and anyone working on a #business idea or #startup in a dynamic and engaging #round table setting. There is no charge to participate, but participants are expected to define and complete action items for the following 30 days.