Entrepreneurship and Innovation Symposium discusses creativity and business secrets • The Louisville Cardinal

Tate Lucky –

Last week, the Cham Auditorium Extrom Library hosted a panel of the Symposium on Entrepreneurship and Innovation, where participants answered questions about their experience in this field and gave useful advice to students.

About the important “Soft Skills” to study

Adele Elmagrabi, Director of Industrial Research and Innovation at the School of Speed ​​U of L

“Persistence, risk analysis and risk acceptance is a particularly important talent. I was not risk tolerant. Be persistent and willing to take risks if you are an entrepreneur. Everyone also always focuses on communication, but should emphasize the cultural acceptance of other people and other customers. ”

Richard Wilson II, Global Operations Specialist at Meta

“I always asked myself, ‘What would be the worst outcome?’ If I can endure this worst experience, it is definitely worth doing. The art of selling yourself is also important; with everything in entrepreneurship, selling is definitely an important skill. ”

Angelique Johnson, CEO / Founder of Memstim LLC

Will Metcalfe (left) and Dr. Angelique Johnson (right)

“I want to add to this – you have to believe in yourself first; you can’t sell what you don’t believe in. “

Will Metcalfe, Vice President of Research, Innovation and Partnerships, Director of the Entrepreneurship Law Clinic, Brandeis Law School

Negotiations are also a big part of sales, their tactics and nuances. I am personally very impressed with our students. It’s all about getting in touch with someone. “

About the difficulties of the network

Wilson II – “At first it can be a bit nervous, but as I noticed, everyone seems to find out along the way. It takes a while to do. Try not to get nervous and know it takes time. Joining clubs is great because you can practice your networking skills in a safer environment. ”

On the difficulties of the innovation process

Adele Elmagrabi (left) and Ricky Mason (right)

Elmagrabi – “First, to begin with. The next most important thing is to believe in it – if you don’t believe in it and are persistent, you won’t do it. Its increase is also the biggest failure in most industries – many products are not designed to expand [for engineers] or be secure or extended for other applications. These are the hardest things people need to think about. ”

About the types of people who helped them along the way

Ricky Mason, founder of BrainSTEM University and Kentucky Agritech

“For me it’s being in the right place / internship in this field. On my first internships, I found someone I could easily contact. In the end, I also had different teachers at different stages of my life, short-term and long-term. ”

On failure

Natalia Bishop (left) and Richard Wilson II (right)

Natalia Bishop, Director of Innovation and Entrepreneurship at the University of Louisville and Founder of Story, Level Up

“Play game by game. Test your ego at the door because you will be beaten. In one second you can have a deal for $ 200,000, and now don’t do it because your stocks are falling, or there are problems with delivery to the warehouse or something else. Be “mentally detached” in a sense. Failure is helpful because it allows you to think what the right next step is [for future ventures]. «

Wilson II – “I was very sad because of what happened to Hapnin (Wilson’s previous application on social networks based on location). I devoted a lot of time and even reduced my participation in student clubs; of course I was very sad when it failed. After this experience, I realized that in general, the way of presenting failures is not the healthiest; failure is a good thing. You at least tried to make something work. You can learn what to turn from and what to adapt to in your next iteration.

Mason – “Failures in the startup are a different space than, say, during your classes. Too often we give discounts to small businesses and even nonprofits while starting a business. ”

bishop – “I want to add, think of failure differently; you are not failure, you experiencing failure; think about the skills you learned during the process and understand what failure means. ”

Photo file // Cardinal of Louisville //

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