CBA Offers Business Plan Coaching

Students interested in entrepreneurship—including those who plan to participate in the Innovation Challenge—are invited to attend business-plan coaching sessions put on by the CSULB College of Business Administration.

At 7 p.m. each Tuesday in CBA-139A, a group of MBA alumni called the Founders will hold coaching sessions about business plan writing in particular and starting a business in general. Those who have questions about their innovation, business plan, or how to start a business are invited to attend.

The Founders are comprised of Brian Budzinski, Dean Heiss, JR Jimenez, and Naki Patetefa. Budzinski received his undergraduate degree in aerospace engineering from Purdue University and works as an engineering manager at The Boeing Co. With an undergraduate degree in aeronautical science with a minor in aviation safety from Embry-Riddle Aeronautical University, Heiss works as a senior project manager at Southern California Edison. Jimenez holds an undergraduate degree in psychology from University of California, Irvine and is a marketing and event manager for Entrepreneur Media. Patetefa, who has a CSULB undergraduate degree in finance, real estate, and law, works as a customer support manager at Ultimate Software.

Entrepreneurs Get Lesson on Business Plans

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Writing a business plan is critical to understanding all facets of the business, says Bruce Sparks, a senior business advisor for the Long Beach Small Business Development Center.

Innovation Challenge Advisory Committee member Larry Pate compared starting a business without a business plan to taking a cross-country trip without knowing how you’ll reach your destination. “The odds of success of just getting in the car and driving are slim. You might have a fun time, but it will take you a long time to get there.”

Students interested in entering the 2015 Innovation Challenge got a lesson Tuesday in a key part of the competition: creating the business plan. The contest offers $50,000 in seed funding and business services to the winning business idea.

“It’s one thing to have an idea—it’s another to say how you’re going to make money,” said Pate, chief learning officer at Decision Systems International. Continue reading “Entrepreneurs Get Lesson on Business Plans”