How the Master’s in Entrepreneurship Program Gave My Ideas Life

How the Master’s in Entrepreneurship Program Gave My Ideas Life

By Jimmy Dooley

I decided to go to graduate school amidst a global pandemic, largely because of the low interest rates for student loans. I studied advertising and marketing at Southern Illinois University, Carbondale and felt I had the entrepreneurial spirit but lacked the resources or ideas necessary to start my own business. When I was accepted into the Kellstadt Graduate School of Business, I thought the Master of Science in Entrepreneurship program would round out some of my weaknesses.

This program feels less like a series of classes, and more like a combination of lessons

The classes I have taken at Kellstadt are all connected. I often find myself referencing concepts from one class in an assignment for another. In my undergraduate program I questioned the relevance of my curriculum, but the Master’s in Entrepreneurship program is simple; it gives students exactly what they need to be an entrepreneur.

During my second quarter I signed up for the “Social Enterprise” class, hoping to learn more about how to create a sustainable business of my own. The course revolves around a team consulting project for a few different mission-driven ventures in Chicago. A “mission-driven venture” or “social enterprise” are terms for businesses that are driven not solely by profit but by the greater purpose of helping others.

My group and I were assigned HHPLIFT, an online nonprofit marketplace for artisan crafted goods. HHPLIFT creates business for social enterprises with workforce development programs that support and expand job opportunities for people with significant barriers to fair wage employment.

We were charged with creating a marketing strategy for a new product line, launching this spring, crafted by refugee women in a fair-trade work environment.

Halfway through this team project I recognized a big problem in the social enterprise space: the marketing was sloppy. Branding was all over the place, and most companies fail to deliver the story customers want.  After analyzing numerous competitors, I recognized a clear need for an advertising agency devoted to the social enterprise industry.

I recognized the problem; how do I create the solution?

My idea was simple. Why not create my own advertising agency solely focused on social enterprises and sustainable businesses? I just needed help creating the solution.

So, I signed up for 1871, Chicago’s digital start-up community.

When I first started my degree, I was really lost on how to get more involved at Kellstadt. I figured there wasn’t much point in joining a club if I was only going to be there for a year, much less join an organization that can’t even meet in person. But despite school being online, I found I had everything I needed to turn an idea into a business.

1871 is a one-stop-shop for entrepreneurs and a fantastic resource for DePaul students. They take your idea at any stage of the business-planning process and get you the help you need. Whether you’re creating a new social network or re-inventing the wheel, 1871 has the answer to your questions.

Meanwhile, towards the end of the social enterprise class, we learned about the different types of funding models for mission-driven businesses. One funding model that stuck out to me was the hybrid model, where a company is for-profit and socially responsible. I decided this was the direction I wanted to take for my own social enterprise venture.

Time doesn’t stop, even during a global pandemic

Time has not slowed down since the pandemic started. Businesses have had to adapt to the new environment or close, and I have a fraction of the social life I once had— but now I have the time to pursue my passion. A lot of my distractions have vanished, and I’ve had to make an easy but critical decision. Do I kill the time the pandemic has given to me, or do I take advantage of it?

Without the help of my professors at DePaul and the staff at 1871 I wouldn’t have the confidence I have now to pursue my idea. I’m slowly working on putting thoughts into action and plan on committing myself full-time to my venture once I graduate in June.

If there is one thing the MS in Entrepreneurship program at Kellstadt has taught me it’s how to identify a problem and create the solution. Today, I’m no longer the confused advertising student from last September. I can be the next entrepreneur, and I have the resources available to me—even in this virtual space—to bring my ideas to life.

A revised curriculum for the MS in Entrepreneurship Program at the Kellstadt Graduate School of Business is debuting completely online in fall 2021. Learn more on the program website. 

Jimmy Dooley graduated from Southern Illinois University, Carbondale with a bachelor’s degree in journalism. He spent most of his undergraduate degree underwater as a four-year member of the Saluki men’s swim team and attributes most of his work ethic to his athletic career. With the help of 1871, Jimmy is currently pursuing his passion of starting an advertising agency for sustainable businesses.

 

Another Big Win for Students Interested in the Business of Sports

Another Big Win for Students Interested in the Business of Sports

By Marisa Farella

Well, sports fans, the “Behind the Scenes with Chicago Sports Organizations” class has done it again, and this time, virtually.

For those of you who aren’t aware, the Driehaus College of Business offers a class to both Kellstadt and undergraduate students looking to explore careers in the sports business industry. Andy Clark, director of the sports management programs at the Driehaus College of Business, developed this course to bring students deep into the offices of the most powerful companies in Chicago sports, including Gatorade, McDonald’s, Intersport, the Chicago Cubs, the Chicago Bears and many more.

If you are a student who has heard about this class, you know about the long-awaited anticipation for it to be offered each year. I was one of those students waiting eagerly to take it, so when I heard it was going to be offered during the December intercession as an accelerated, two-week course, I was ecstatic. But like most students, I was also a bit disappointed that the experience would be virtual due to the pandemic. I was skeptical about how impactful the virtual learning experience would be, but my nerves were put to rest very quickly.

Learning From Some of the Best in the Game

Throughout the duration of the course, we had the opportunity to connect with top industry professionals as they discussed their education and varying career experiences that have contributed to where they are today.

Class speakers included Molly Carter, DePaul University alumna and former president of Kobe Inc., as well as Kelly Flatow, executive vice president of events for the NBA, who discussed their experiences navigating their careers as women in sports. We also had a session with the Chicago Bulls organization, which was highlighted by a special appearance by their president Michael Reinsdorf. In addition, the class had the honor of connecting with Bonner Paddock Rinn, a triathlon athlete and World Record holder, a New York Times best-selling author, and founder of One Man Foundation— all things he accomplished as a man with Cerebral Palsy.

We also had the honor of meeting many accomplished DePaul alumni who currently hold positions in the sports industry, including Mike Gordon, general manager at Northwestern Sports Properties and Diego Chadha, account executive at Corporate Partnerships at Marquee 360., among others. We also got to hear from DePaul’s new athletic director, DeWayne Peevy, as well as DePaul Women’s Basketball Coach Doug Bruno, who joined us to discuss the power of hard work and persistence. I was truly inspired by all the guest speakers in this course.

Learning by Doing: A Chance to Play

The game didn’t stop there.

We had the opportunity to gain real-life experience while working with 4Front, a Chicago-based sports marketing agency, on a class project that involved developing a marketing strategy that was then pitched and presented to 4Front’s team. We were put into groups and each group did a phenomenal job outlining their proposed strategies to 4Front, who later relayed our ideas back to their real-life clients.

All in all, this course ended up being one of the most valuable courses I have taken in my five years as a Blue Demon, regardless of whether I pursue a career in sports upon graduating in June. I was able to learn so much from this opportunity to connect with powerful, intelligent and generous professionals, and I’m sure anyone who has taken this course before would confidently agree.

Andy Clark introduces the Chicago Bulls staff during the DePaul Sports Management Behind the Scenes with Chicago Sports Organizations tour, Monday, Dec. 2, 2019 at the Advocate Center in Chicago, IL. (DePaul University/Randall Spriggs)

The Value in the Virtual Experience

In the end, I was happy that the online format still provided a seamless experience. If anything, being virtual allowed us to connect with a wider range of speakers and panelists. Yes, the office and venue tours of past classes would have been a cool experience, but the value of this class lies in the connections, networking opportunities and insights we gained from each guest speaker.

If you are a DePaul student interested in learning more about the sports industry, this course will be of great value to you. Contact your academic advisor for more information about DePaul’s Sports Business program.

Thank you for everything, Coach Clark! Great game.

Marisa FaellaMarisa Farella is a current MBA candidate and graduate assistant at Kellstadt Graduate School of Business. She graduated from DePaul University in 2018 with her BA in public relations and advertising, making her a proud soon-to-be Double Demon. In addition to her studies, Marisa has taken her love for writing and creativity a step further. She is the self-published author of her debut collection, “Truth or Dare: Poetry,” which is available on Amazon. 

Tips for Optimizing Virtual Learning

Tips for Optimizing Virtual Learning

Before you say anything, I know — this whole “virtual learning” thing is not the most ideal situation and it is not the way many of us wish we would be spending our college experience. We can’t ignore the emotions we are all facing, but we also can’t change the circumstances (besides wearing a mask, of course). What we can do is trust the phenomenal faculty and staff we have here at DePaul University and the Kellstadt Graduate School of Business. Our professors and advisors are working diligently to provide us a sense of security, understanding and support, which I know the current student body is incredibly grateful for.

This time we are going through will bring immense levels of challenge that go beyond our course content, so it is important that each student is doing what they can to better prepare themselves. Below is a checklist that has helped me optimize my productivity while taking virtual classes. We might as well make the most of it!

1. Find your own space

Finding your own study space is a valuable tactic while completing lectures, class Zoom meetings, appointments and homework. There is much to be said about making an at-home space as similar to a classroom setting as much as possible. Everyone’s space circumstances differ, so whether it is an entirely different room or a small desk in your bedroom, having a designated destination for school work will get your mind and body ready for anything the school day brings.

Personally, I have transformed a spare room in my house into a little home office. I made this experience an opportunity to have some fun by redecorating this room into a comfortable school work sanctuary. This space prepares my mind for my responsibilities each day.

2. Communicate with professors

This, by far, is one of the most powerful tools I have implemented in my quarterly routine. Since we can’t meet face-to-face, it’s important to me that I grow and develop connections with my professors. Prior or within the first week of classes, I take time to reach out to each professor I have that quarter. I send them a professional email introducing myself and asking if they would be available to connect via Zoom (Zoom is a personal preference; others might continue to communicate in an email thread).

Opening the line of communication, breaking the ice and having a conversation with your professors will not only benefit you throughout the quarter with your studies, but it’s a great networking tactic as well. It is quite inspiring to feel the support and care of the Kellstadt faculty. This is where your network grows, so water these professional relationships and opportunity will bloom! I promise you — your professors will recognize the effort and admire your dedication, helping you make the most of your grad school experience.

3. Connect with classmates

I am currently enrolled in the Full-Time MBA program and there is not a single day that I don’t recognize and express gratitude for my classmates. Graduate school is a unique and challenging time in all our lives and it’s an honor to be learning alongside such extraordinary and intelligent students. DePaul introduces us to one another, allowing us to form lifelong friendships.

The relationships you make at Kellstadt will be of great value to your learning experience. Being virtual has directed us toward great technological tools, making it easy and accessible to communicate in small or large groups about projects, course content, student organizations and virtual events. My classmates and I also use Slack and GroupMe to communicate. If you are not yet familiar with these tools, no need to worry. Download them and you’ll learn them in no time.

4. Stay organized

Organization will be your lifestyle hack while taking classes virtually. Whether it’s a notebook planner, your mobile phone calendar, Post-it Notes, etc., planning your responsibilities on different timelines will help you prioritize and practice successful time management. Bring out the highlighters, Sharpies and more. This is another great opportunity to get creative and have fun with planning.

5. Ask for help

People are sometimes mistaken when attending graduate school. Yes, it comes with rigorous courses and new challenges, but you are most definitely not alone in the process. Kellstadt has phenomenal faculty and staff, so there is always someone available to help you reach your goals by assisting you toward your utmost potential. Just because you’re in graduate school now, it does not mean you can’t ask for help. We are always learning something new.

In addition, don’t be afraid to provide feedback to your professors. Though Kellstadt has always offered online courses, virtual learning is new to some professors and staff, as well. Take advantage of these conversations and provide feedback on how your courses are going or where you feel students could use more support.

6. Take breaks

…Because even graduate students need to manage their personal lives. These breaks will help your mind decompress, relax and ultimately, obtain more information in the long run. Make it a priority to plan 15- to 30-minute breaks into your daily schedule.

Marisa Faella

Marisa Farella is a current MBA Candidate and Graduate Assistant at Kellstadt Graduate School of Business. She graduated from DePaul University in 2018 with her Bachelor of Arts degree in public relations and advertising, making her a proud soon-to-be Double Demon. In addition to her studies, Marisa has taken her love for writing and creativity a step further. She is the self-published author of her debut collection, “Truth or Dare: Poetry,” which is available on Amazon. 

Time Management in the Time of COVID-19

Time Management in the Time of COVID-19

By Laura Tenney

In this time of COVID-19, we’ve all had to adapt to a new normal and make adjustments, big and small, to our everyday lives. Many of us are working remotely or taking online classes for the first time, and have needed to find new ways to succeed in this new environment.

As a student in the Kellstadt Graduate School of Business, I’m taking online classes like so many and have had to establish a new routine. I thrive on structure so having a schedule, even if it is self-implemented, is very important to me.

Here are some time management strategies I’ve implemented to help keep me organized and motivated:

Start the week with a plan. At the beginning of each week, I write down every assignment for that week for each class. This helps me visualize what needs to be done. I like to include a time estimate on each activity or a page count so I know what items can be completed quickly and what will require a bigger chunk of time. I also include larger project due dates that are a few weeks away, so they do not slip my mind.

Create a to-do list for each day. Once I know what needs to be done for each class throughout the week, I assign items to specific days. You can do this by sticking to the original class schedule before classes were moved online. For example, study Economics on Monday, Management on Tuesday, etc. Or you can do bits of each class each day to vary the content and remain engaged.

Set aside blocks of time for schoolwork. Whether it’s working for an hour or three hours straight, create designated blocks of time throughout the day for schoolwork. I usually try to work for an hour in the mornings then take a 20-minute break. I find these shorter periods of time work best for my attention span and tend to minimize burnout.

Create a schedule that works for you. Some people are morning people and others are night owls. Find what works best for you. I work best in the morning from about 9 a.m. to 1 p.m. so I make sure I dedicate this time to schoolwork. If you are more of an afternoon person and enjoy taking your mornings slow, set aside time after lunch to focus on what needs to be done for that day.

Make time for breaks. While some of us would love to finish our work as soon as possible during the day to move on to our down time, breaks are important for rejuvenating the mind and making sure you’re fully understanding the material you’re studying. Schedule breaks into your day, something as simple as a 15-minute break for coffee or a short scroll through Instagram. Or a longer break like going for a walk or cooking a meal. Set a timer for your break so that you stay on track and get back to schoolwork in a timely manner.

Have a cutoff time. With home life and school life blending together, it’s important to try to keep some sort of normalcy in our day-to-day lives. I aim to complete all my work by 5 p.m. so that I can enjoy my evening and spend time with my family and pets. Having a predictable cutoff time can help you manage your productivity and stress levels. Here is a sample schedule:

8 a.m. Wake up and coffee

9 a.m. Watch a lecture

10 a.m. More coffee

10:30 a.m. Reading/lecture

11:30 a.m. 15-minute break

11:45 Reading/lecture

1 p.m. Go for a walk/ exercise

2:30 p.m. Reading/lecture

4 p.m. Done for the day! Check off what you’ve accomplished and mentally plan for the next day

In the end, you know what works best for you, so structure your time accordingly. Plan your schoolwork around your most productive hours of the day, make sure to schedule in breaks, and try as much as you can to include physical activity into your week to stay healthy and relaxed in body and mind.

Laura Tenney is an MBA student, specializing in accounting, at the Kellstadt Graduate School of Business and a graduate assistant at the School of Hospitality Leadership in the Driehaus College of Business. She earned her bachelor’s degree in accounting from Texas State University.

Lessons in Business From an Improv Workshop

Lessons in Business From an Improv Workshop

By Tom Bales

When I learned about the improv workshop being offered to full-time MBA students at the Kellstadt Graduate School of Business, I had no idea what to expect. I only knew that it was being led by Assistant Professor of Marketing Jim Mourey, so I knew we would all would be in for a treat. But what does comedy have to do with business? I was excited to find out.

“This is not a workshop where you will sit and listen to me lecture the whole time,” Professor Mourey said within the first five minutes of the workshop. And sure enough, we were on our feet in no time, playing games that literally emphasized thinking on your feet, the same way that improvisational performers do. We all formed a circle and the games began.

Jim pantomimed throwing a ball, exclaiming “red ball, Cynthia!” Cynthia managed to catch it without dropping it, an impressive feat. “Thank you, Jim!” Cynthia responded, signaling her acceptance of the ball. Locking eyes with the next player, Cynthia threw the illusory ball straight toward Carl. “Red ball, Carl!” The game continued on as players around the circle stood vigilant, waiting for their eyes to lock with the holder of the ball and hear their name as the ball barreled toward them. As the game progressed, other objects started to make appearances, further complicating the experience. Sounds silly, right? Well, there was a method to the madness.

Throughout the entire game, we had to remain prepared and adaptable. We were never sure when our name would be called or how to respond to the situation, and we had to go along with whatever our friends threw at us—whether it was the red ball, a sword or even the Harry Potter wand that came into the mix.

This exercise made me think about an interview scenario. In a job interview, how often are you uncertain with what the next question will be? In improv, an unexpected situation is valued because it signals a creative opportunity. Learning how to adapt to the unexpected is an invaluable skill to have in both comedy and business.

Professor Mourey emphasized that improv is all about trust. When actors are on stage together with no script, they have to be able to trust that when someone takes the show in a specific direction, the rest will follow and work together to build on the scene. Because of this, improv actors typically have excellent communication skills so they can let their scene partners know as soon as possible how they are going to direct the scene.

This same concept applies in business. The best work gets done when everyone on a team is working together, supporting one another and communicating effectively about the business plan and direction.

Another important rule of improv that Professor Mourey taught us is to always say “yes, and…” This means that we should agree to whatever improvisation is being thrown at us and build on it. In improv, this allows for the building of the scene and for the act to move forward.

Again this made me think of job interviews. Saying “yes” to an interview shows that we support the idea that we are a good candidate for the job. The “and” comes when we outline all the skills and experiences that make us a good fit. “Yes, and…” can also create a positive mindset about a question that is unexpected or unwanted. If you are inclined to say “yes,” and think on your feet—as improv requires—you’ll be more adept to add your “and” and give a good answer.

“Yes, and…” also made me think about being in a business meeting. During a brainstorming session, people generally start with what they believe are their best ideas. “Yes, and…” will support those ideas and keep the creativity flowing by encouraging more people to participate in the meeting. If you don’t create a “yes, and…” environment in a business meeting, people won’t be as confident to speak up, so they’ll stop adding to the conversation, which could lead to lost problem-solving ideas.

Professor Mourey’s improv workshop helped us develop unique ways of thinking, which I think could strengthen my skills in the business world. The event taught me to embrace the risk of the unknown, to treat my next job interview less like an interrogation and more like a conversation, and to show up to my career confidently, ready to both learn and contribute with a “yes, and…” mindset.

Tom Bales graduated from Northern Illinois University with a bachelor’s degree in political science. He is currently pursuing an MBA at the Kellstadt Graduate School of Business, specializing in accounting, and works in the Kellstadt Career Management Center as a graduate assistant.