Category: Baylor New Venture Competition

Baylor New Venture Competition Recognizes Oso Launch Students

kathy_carrBaylor New Venture Competition

 

Let’s say you started a business in high school. It’s a small, local business with modest success. But there’s a tug at your heart that maybe, just maybe, you can take that small business and make something big with it. But how? After high school, there’s college. How does one navigate the world on a much bigger scale as both a collegiate student and a business owner?

The Baylor Entrepreneurship department created a program called Oso Launch that is designed to help incoming freshmen students in such a predicament. It’s designed to help students accomplish big dreams with their small businesses.

Oso Launch provides this niche group of incoming freshmen students with a program that walks alongside the students and offers guidance, mentorship and networking throughout their four years at Baylor. With Oso Launch, students build an entrepreneurial foundation by completing unique challenges and assigned milestones all within a learning environment. One such milestone is participating in the Spring semester Baylor New Venture Competition (NVC) Oso Launch Elevator Pitch Competition.

This pitch competition gives students an opportunity to communicate their value proposition in a compelling and unique way. It helps them dig deep into their business and business goals. The Spring 2020 NVC was originally planned for late March, but in coordination with the closing of Baylor campus due to Covid-19 the in-person event was canceled. With a little behind-the-scenes work, the Oso Launch students were able to compete in the Elevator Pitch Competition virtually. A panel of expert judges assessed and evaluated the student pitches, and three Oso Launch students were recognized for compelling pitches that clearly articulated their products and accomplishments.

Congratulations to Layne McCalmont, Ellie Meinershagen and Kristina Ward. You did a great job. Sic ’em!

 

2020 Baylor New Venture Competition
Oso Launch Pitch Competition Winner Profiles


First Place Winner Layne McCalmont
Awarded $1,000 for Thrifted by Layne | online clothing resale | Instagram @thriftedbylayne
Layne McCalmont 2020 Oso Launch Pitch Competition

COVID-19 IMPACT ON THRIFTED BY LAYNE
Because of Covid-19, a lot of people were at home and they were using their phones more than ever. Sales for Thrifted by Layne actually increased during this time. Customers were buying more because it was so much easier and more convenient to order from a phone. Also since I was back in Round Rock after campus closed, I was able to arrange no-contact, porch pickup for my local Round Rock customers.  

LONG TERM GOALS
I am currently planning to build a business website so that I can transition to a full ecommerce site and I’m not limited to just Instagram.

THOUGHTS ON OSO LAUNCH
By participating in Oso Launch, I have had the opportunity to network with several different people within the Entrepreneurship department. They have given incredible feedback and suggestions about business plans, marketing techniques, and selling opportunities. I also can’t say enough about the relationships I’ve built with the other Oso Launch students. It’s truly an awesome support network! 

 

Second Place Winner Ellie Meinershagen
Awarded $500 for Acute Accents | jewelry | Instagram @acuteaccents
Ellie Meinershagen 2020 Oso Launch Pitch Competition

COVID-19 IMPACT ON ACUTE ACCENTS
During the Covid-19 closings and restrictions, consumers were doing a lot of online shopping. I realized that I needed to adjust my business model. My initial focus had always been an in-person approach, selling primarily at local Waco markets. I needed to shift to an online format that could support shoppers beyond my local community. I’m very thankful that I was able to transition my business into an online brand. Acute Accents has now sold over 600 pairs of earrings to customers in 40 U.S. states during the past year.

LONG TERM GOALS
I started Acute Accents during the summer before my freshman year at Baylor, fully expecting it to be a summer hobby. A year later and Acute Accents is going strong. I will definitely continue selling online, at local markets and wholesale. However, I really want  to build a brand that supports other local makers by including and selling their work as part of a cohesive flea-market. I want to take my business from exclusively handmade earrings to a collection of unique clothing, jewelry and home goods. 

THOUGHTS ON OSO LAUNCH
With the resources available through Oso Launch, I was able to transition from a summer hobby to an actual business. I view the assigned milestones as motivational goals that have helped me grow my business. I’m so thankful for all the individualized support and coaching that I’ve received with the Oso Launch program, and I’m looking forward to seeing what’s next.

 

Third Place Winner Kristina Ward
Awarded $250 for Oso Sweet | gourmet cookies on a stick
Kristina Ward 2020 Oso Launch Pitch Competition

COVID-19 IMPACT ON OSO SWEET
Oso Sweet was created as a home-kitchen, bakery business with an initial plan to provide a cookie delivery service to Baylor dorms. When Baylor campus closed with Covid-19, all dorm residents moved back home. That was a problem for Oso Sweet. While I wasn’t able to launch my business during the quarantine, I was able to brainstorm how to best launch Oso Sweet in the future.

LONG TERM GOALS
I decided to focus on my studies for my next three years at Baylor. I do believe in this company and feel it could thrive at the appropriate time. I’ll revisit the idea after graduation. For now, Oso Sweet is on the back burner.

THOUGHTS ON OSO LAUNCH
Networking and mentoring are the hidden jewels of Oso Launch. Not only was I able to connect with people in the Entrepreneurship department, but also local business owners. Meeting with these business owners gave me such a deep appreciation for Waco!

For more information on Baylor Entrepreneurship, please visit our website at baylor.edu/business/entrepreneurship/.

ENT Buzz | Priscilla James

kathy_carrBaylor Grad

 

Priscilla James, Program Manager John F. Baugh Center for Entrepreneurship & Free Enterprise

 

WHO IS PRISCILLA JAMES?

I am a small-business owner from Houston. In 2018 I received a Baylor MBA with a concentration in Entrepreneurship. My goal was to use my new-found, entrepreneurship know-how to grow my business, Priscilla’s Joyful Events. I also thought that my new business savviness would come in handy with the business I co-founded with my mom, Hephzibah Online Evangelistic Ministries. I stay busy. In my downtime I like to relax with my Chiweenie, Jack. He recently learned to tap a bell to go outside and he’s also learning to jump on command. Should I nickname him Jumping Jack?


WHAT DO YOU DO AT BAYLOR?

I’ve now been on staff at Baylor for two years as the program manager in the John F. Baugh Center for Entrepreneurship & Free Enterprise. I actually started working at Baylor just two days after graduating with my MBA. My main focus as program manager is to manage and develop the Baylor New Venture Competition. I really enjoy networking with successful business leaders and connecting them with young entrepreneurs. I like to think I have a small part in helping dreams become a reality for these budding entrepreneurs.


WHAT’S SOMETHING INTERESTING ABOUT WORKING IN THE ENT DEPARTMENT?

One word…treats! Deana Steele makes the best treats ever. We can always count on Deana to bake birthday goodies every month. She even bakes between celebrations. Deana really doesn’t need a special occasion to bake. The entrepreneurship-15 may become a real thing.


WHAT’S YOUR FAVORITE BAYLOR TRADITION?

I love the sound of the McLane Carillon at Pat Neff Hall! I smile every time I hear the bells toll. I especially enjoy hymns and Christmas carols during the holidays. 


WHAT ADVICE WOULD YOU GIVE TO A NEW ENT MAJOR?

The folks in the Entrepreneurship department can be a great source of advice and support. Getting to know the faculty and staff in the Entrepreneurship department can certainly open the door for a deeper learning experience.

For more information on Baylor Entrepreneurship, please visit our website at baylor.edu/business/entrepreneurship/.

 

Hannah Franzen, Business Growth Strategist at Towny

kathy_carrBaylor Grad

“All of your passions can work together.”

-Hannah Franzen

Baylor grad, Hannah Franzen recently came back to campus as a guest speaker for a Business & Innovation LLC lunch-time talk.

As guests munched on salads from the local Mix Café, Hannah shared a story of growing up overseas and coming to the United States to finish out her high school studies. Since both parents were proud Baylor graduates, it wasn’t a far-fetched idea that Baylor would become Hannah’s college of choice. And because of her passion to aid development within communities, Hannah focused her concentration on entrepreneurship and economics.

While at Baylor, Hannah jumped in full throttle by participating in the Business Excellence Scholarship Team (BEST) Program, the CASE Competition and the New Venture Competition. Hannah was determined to go for all the opportunities she could. Admittedly, not every endeavor was a stereotypical success, but Hannah kept-on-keeping-on with the philosophy that failure is just simply information.

After graduation, Hannah traveled to Mongolia and worked with an anti-trafficking nonprofit. She then came back to the states and took on a leadership role at a San Diego church for a couple of years. Hannah explains, “Life doesn’t always look like you think it will look.”

As Hannah was trying to figure out what exactly her journey of entrepreneurship and economics would look like, she heard about Towny from a friend. She was intrigued by the company mission. Soon after, Hannah landed what she now refers to as “her dream job” with Towny.

Towny is currently in five US markets, with future expansion on the horizon. According to its website, Towny is on a mission to highlight the local businesses that cook your food, sell your unique clothes and wash your car. These are the businesses that you may have never previously noticed.

Towny is a consumer marketing app for locally owned businesses and banks. The idea is that Towny will provide a method for local businesses to regularly communicate sales and promotions with consumers. Consumer purchases not only support local businesses but also add up with a rewards program.  

For Hannah, Towny is a platform she can use to follow her passion to help build development within communities. Hannah’s philosophy is actually pretty simple… in order to be an entrepreneur, you have to learn from entrepreneurs. And the best way to learn from entrepreneurs is to talk to the business owners. As Hannah explains, “Every business has a story to tell.”

Hannah loves that she is able to help existing small business owners and at the same time bridge the gap between an old way of running a business with brick and mortar with a new way of running a business with technology. She believes you truly can connect the old with the new.

This is what Hannah’s journey of entrepreneurship and economics looks like right now. She takes pride in that she is helping to develop local communities one small business at a time. Hannah emphasizes, “If you think you have something valuable to offer, you probably do.”

For more information about the John F. Baugh Center for Entrepreneurship & Free Enterprise, please visit our website at baylor.edu/business/entrepreneur/.