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Entrepreneurship Roundtable Highlights Importance of Small Business Innovation
HIGH POINT, N.C., March 21, 2013 â€“ â€śOnly in America could someone with $20 and a racecar one day be sitting on a stage next to the governor.â€ť
Those words were spoken by racing CEO and businessman Richard Childress during High Point Universityâ€™s Entrepreneurship Roundtable event on March 20, where Childress and North Carolina Gov. Pat McCrory served as panelists in a discussion about innovation in North Carolina with 600 people in attendance.
They were joined by Robert Maricich, CEO of International Market Centers; Rachel Weeks, founder and CEO of School House; and Bryan Young, CEO of BEC, an award-winning digital agency. Dr. Nido Qubein, HPU president, moderated the panel and discussed the themes of perseverance, hitting bumps in the road and taking risks when launching a business.
â€śItâ€™s going to be the start-up businesses that really determine our future,â€ť said McCrory at the event. â€śTo be successful, surround yourself with people who are smarter than you, and surround yourself with talent that doesnâ€™t match your own.â€ť
The panel agreed that every business owner would hit bumps in the road. Funding will be scarce; plans will fall through; and there will be many sleepless nights. But perseverance, preparation and passion are the key elements to succeeding in the long run, they said.
â€śNothing was as easy as I thought, but you tackle the obstacles as they come and donâ€™t ever quit,â€ť said Weeks, a young entrepreneur whose company has made a commitment to manufacture apparel in the United States. â€śHave passion for what you do. That is the key to perseverance.â€ť
â€śOur students need to hear from innovators who have already developed their own business and experienced highs and lows along the way,â€ť said Lou Anne Flanders-Stec, assistant professor of entrepreneurship and director of the Center for Entrepreneurship. â€śStudents are actively developing plans and launching companies right now, and these panelists offered them invaluable advice.â€ť
The panel will air in a special UNC-TV presentation in the coming months.