June 20th Blog

In this issue...
# The Ten Personality Characteristics of Successful Entrepreneurs, Part 3 (of 10)
# Youngstown Entrepreneurial Academy's classes start with standing room only crowd of participants
# Dr. House participates in the 10th anniversary celebration of the Northern Ohio Live Magazine Rainmaker's Organization
# Dear Dr. House


Tuesday, June 12th, 2007
Greetings!

We are delighted to present you with our 23nd issue of Entrepreneurial Alternatives Newsletter and our 7th issue of 2007. We are absolutely delighted to report that we remain energized about economic development prospects for our country and we are currently engaged in about 6 exciting projects which we will inform you about in the future. This is a happy time for us. Our theme for this edition is clarity of vision. I cannot emphasize how important it is to craft a vision and implement it. This is absolutely essential if you wish to take yourself to another level in your developmental processes.

In this edition, we discuss the Youngstown Entrepreneurial Academy's classes which have just gotten underway with a great start, Dr. House's participation in the 10th anniversary celebration of the Northern Ohio Live Magazine Rainmaker's Organization, the third personality characteristic of successful entrepreneurs, and our Dear Dr. House letters which this week come from West Palm Beach, Florida and Nairobi, Kenya.

Quote of the Week

"If you don't know where you are going, why should anyone else follow you down that road?"

---Dr. Bessie House---


The Ten Personality Characteristics of Successful Entrepreneurs, Part 3 (of 10)
by Dr. Bessie House

Personality Characteristic Number Three: Clarity of Vision

(The following information is an excerpt from Dr. House's fourth book, "The Ten Personality Characteristics of Successful Entrepreneurs." This book is based on research findings of Dr. House in which she examined the lives of hundreds of entrepreneurs and was able to isolate and identify 10 personality traits that they shared in common which contributed to their ability to achieve entrepreneurial success.)

In order to be a successful entrepreneur, you need to have a clear vision for the future. You need to look at both your short term and long term goals in a very deliberative way. One way to develop a clear vision is to craft a personal plan or in the case of entrepreneurs, develop a business plan. Remember, that a business plan is simply a blueprint for the present and future development of the business and should be as detailed as possible.

What kind of business should I establish? Why do I need to start a business right now instead of a year from now? What types of products and services will I offer to the public? Where will I locate my business? Who are my clients going to be? Where will I acquire the financial capital that I need? How much capital will I need to start and expand my business over time? These are only a few questions that a good business plan should answer. In the words of Napoleon Hill and Dennis Kimbro, "the ship's captain cannot see his destination for fully 99% of his journey, but he knows what it is, where it is, and that he will reach it if he keeps doing certain things a certain way."

Do you know where you are going?

If you would like a copy of Dr. House's audiobook, please e-mail minoritybusinesses@gmail.com for instructions on how to purchase a copy.
Youngstown Entrepreneurial Academy's classes start with standing room only crowd of participants

We are very delighted to report that the Youngstown Entrepreneurial Academy's business training classes started on Thursday, June 8, 2007 to a standing room only crowd of participants. The Youngstown Entrepreneurial Academy is the result of a creative and exciting new collaboration initiated by the Honorable Mayor Jay Williams (pictured at right) of the city of Youngstown. The collaboration includes the National Center for Entrepreneurship, Inc., the Mahoning Youngstown Community Action Partnership, and Youngstown State University. The Youngstown Entrepreneurial Academy is an affiliate center of the National Center for Entrepreneurship, Inc, headed by Dr. Bessie House who is a nationally recognized leader, advocate, and expert on entrepreneurship and economic development issues. Mr. Herman Hill, a former graduate of Kent State University is the Director of the Youngstown Entrepreneurial Academy.

The Youngstown Entrepreneurial Academy opened its' doors to the public on Monday, April 9, 2007 after a press conference was organized by Mayor Jay Williams in which he discussed his vision for the city of Youngstown in developing opportunities for minority and female-owned disadvantaged business enterprises. Dr. House and Mr. Hill also participated and attended the press conference as well. The Youngstown Entrepreneurial Academy uses the model of entrepreneurship that was developed and popularized by Dr. House over the past twelve years. This is a model of applied entrepreneurship which has successfully generated 51 new business start up companies over the past few years. It has also helped many existing businesses to take their work to another level.

According to Dr. House, "We are very excited about this collaboration because it represents the best spirit of regional collaborative efforts that are designed to boost and strengthen our economies in Northeast, Ohio. Together, we can work to make the dreams of our citizenry with regard to attaining economic empowerment become a reality." Within a few days of the announcement of the opening of the Youngstown Entrepreneurial Academy, almost 200 people made phone calls and registered to take their classes. If you live in Youngstown and are interested in taking upcoming classes in the future, please call Mr. Herman Hill at 330-747-7921, extension 1190.
Dr. House participates in the 10th anniversary celebration of the Northern Ohio Live Magazine Rainmaker's Organization

Dr. Bessie House recently celebrated the 10th Anniversary of the establishment of the Northern Ohio Live Magazine Rainmaker's Organization at a reception at their new headquarters. According to the mission statement of the organization, "Rainmakers are women who take on huge risks to meet high standards and attain meaningful goals." Dr. Bessie House was inducted into the 2003 class of Rainmaker's as she was selected to receive the 2003 Northern Ohio Live Magazine Top Rainmaker of the Year Award in the category of education and research. She was also selected to grace the cover of the magazine.
Dear Dr. House

Hi Dr House,

I enjoy reading about the great things you are doing to promote entrepreneurship in Cleveland and other parts of the country. Entrepreneurial Alternatives , is a good read for me.

I met you in 2004 in the company of Dr. Noah Midamba. At the time of our meeting, I was doing my Executive Doctorate of Management at Weatherhead School of Management at Case Western Reserve University. I graduated in May 2006 and am now back in Kenya. I am the current CEO of Kenya College of Accountacy.

I'm interested in entrepreneurship, and wish for some sort of affiliation between your Entrepreneurial Academies and our college.

During my doctorate, I researched "Factors that contribute to the dearth of entrepreneurship among African Americans in Cleveland's Inner City." Your book Confronting the Odds, helped me quite a lot in my literature review. I also quoted extensively from a journal where you had written about the Psychological Capital and how it influences entrepreneursip in an individual. Ultimately, I extended this study to Kenya where I looked at "Factors that Facilitate Invention to Venture Creation among College Students and Nascent Entrepreneurs." It was both an exploratory and confirmatory research. Please take time to consider my request.

Kenya College of Accontancy will receive its' accreditation in July this year to become a full fledged university. Currently we have 13,000 students pursuing various studies in accountancy, ICT, law, and entrepreneurship amongst others.

Hope to hear from you.

Kind regards, Dr Daniel Musungu Oruoch
CEO,
Kenya College Of Accountancy,
PO Box 56808(00200),
Nairobi.Kenya.

Dear Dr. Oruoch:

Hope you are doing well and thank you so much for your marvelous letter. It was both encouraging and stimulating. I enjoyed meeting you a few years ago and am happy to see that you have used my work extensively while pursuing your Ph.D. at Case Western Reserve University and later on as you have since traveled back to your homeland of Kenya. As you know from our newsletter, our entrepreneurial activities are continuing to grow and expand across time and space. Thank you for requesting an opportunity to develop some type of affiliation between our National Center for Entrepreneurship and your college to create an Entrepreneurial Academy in Kenya. I am delighted to hear that you are the CEO of Kenya College of Accountancy. I would be delighted to discuss further with you how we can work to establish such an affiliation and as you may know, I have done a lot of work on Kenya, and performed field research at the University of Nairobi some years ago for my Ph.D. dissertation.

I will contact you in the near future and we can develop a strategy to develop a great affiliation between our respective organizations.

All the best,

Dr. Bessie House
President, Founder, and CEO
National Center for Entrepreneurship, Inc. and
Director
Entrepreneurial Academy of Greater Cleveland
and
Executive Director and Founder
Center for the Study and Development of Minority Businesses
Kent State University

Dr. House -

Good afternoon! I'm excited and so overwhelmed with how God Moves Us! I'm sorry, my name is Andre M Russell, I live in West Palm Beach and I am a good friend of your brother William. I was praying yesterday on how can I positively make a difference in my neighborhood other than what I am doing right now. I decided to call William to ask if he can do an event for me and after I explained to him what I wanted to do, he started telling me of you and your work.

My parents have been in education for over 40 years and I have been in education for over 12 years, and we agree that we are not teaching our youth how to succeed in life as it is today. I am looking to start a Charter School for Practical Business Practices / Entrepreneurial training and Media Communication. I would love for your input and guidance in doing so. If you would please allow us to converse on this idea, I'm sure you would be able to give us a wealth of information and general direction. Please feel free to contact me. We look forward to talking with you.

- Andre Russell

Mr. Russell -

Thank you so much for your kind letter. I also want to thank my brother William for sharing the Entrepreneurial Alternatives newsletter with you. It is excellent to hear from you, and it is always heartening to learn of efforts to help out up and coming entrepreneurs. I will have my secretary to contact you so that we can have a conference call with you and William to see how we can collaborate together on your project with the charter school.

From one educator to another, I sincerely wish your Charter School the best of luck in the years and the decades to come.

All the best,

Dr. Bessie House
President, Founder, and CEO
National Center for Entrepreneurship, Inc. and
Director
Entrepreneurial Academy of Greater Cleveland
and
Executive Director and Founder
Center for the Study and Development of Minority Businesses
Kent State University

Quick Links
# NCE
# The CSDMB
# E-Academy
# B. House Communications, Inc.
# The Dr. House Minority Business Blog

In Closing
Finally, we at the National Center for Entrepreneurship, the Center For The Study and Development of Minority Businesses and the Entrepreneurial Academy of Greater Cleveland want to make a call out to any former student of our Centers. If you move or have some other method of contact, please notify us! We love hearing about your new businesses, business plans, and any other successes that you might be experiencing. If you could send us a recent photograph and a small description of your success, we will include them in one of our upcoming editions of Entrepreneurial Alternatives.

Our demand pull is high, and we cannot conceivably get everything that we would like done without your aid. We are looking for volunteers for both of our centers. If you are interested in volunteering for us, please call our Kent center at 330.672.5307 or our Cleveland center at 216.731.4426.

There are individuals in our class that we have not heard from since they stopped attending; keep in touch! Contact information is at the bottom of this blog.

Dr. Bessie House
President, Founder and CEO, National Center for Entrepreneurship, Inc.
Director, Entrepreneurial Academy of Greater Cleveland
Executive Director and Founder, Center for the Study and Development of Minority Businesses, Kent State University

All Stories, Pictures, and Works Copyrighted by their Original Owners. Entrepreneurial Alternatives is a copyrighted publication of the National Center for Entrepreneurship, Incorporated. © Copyright 2007, Dr. Bessie House
email: minoritybusinesses@gmail.com
phone: 330-672-5307
web: http://www.eacademy.biz