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 HRAC Newsletter - August 2016 Edition

Upcoming Events

  • 8/28/16 Escape Room  -6:00 pm @ Virginia Beach Escape Room
  • 9/10/16 General Body Meeting  -12:00 pm @ Lubo Wine Tasting Room, Virginia Beach

 

Quote of the Month

"Don't be afraid to give up the good to go for the great."
-John D. Rockefeller

Employment Opportunities


Management Analyst
City of Norfolk
Norfolk, VA
view job here


Media Planner/Buyer
Lumber Liquidators
Williamsburg, VA 
view job here


Office Manager
Eastern Virginia Medical School
Norfolk, VA
view job here


Accounts Payable Coordinator
Ferguson Enterprises
Newport News, VA
view job here


Tax Agent
Norfolk Southern
Norfolk, VA
view job here

Good Reads

You are a Badass
By Jen Sincero



Built from Scratch
By Bernie Marcus and Arthur Blank


 

Ideas?

Have an article to share?  Know of a good book we should check out?  What do you want to see in upcoming editions of the HRAC Newsletter?
Share your ideas here.


Can you Escape in Time?

We've heard your requests and we are putting them into action!  The Hampton Roads Alumni Chapter will be holding an event at the Virginia Beach Escape Room this month.  Please mark your calendars and plan to attend.

The outing will take place on Sunday, August 28 at 6:00 pm.  Tickets are $15 for HRAC members and $20 for non-members.  However, just like the Williamsburg Winery outing, there are limited spaces (only 10 openings) and only one guest/non-member allowed, so if you are interested in attending, you must purchase your ticket on our website here.  Tickets will be available until August 14 or until they sell out -whichever comes first.

We hope you will consider participating.  See you in the room! 
 

A "Taste"ful Treat


On Saturday, July 16, 5 AKPsi brothers and one guest visited the Williamsburg Winery for our wine tour and tasting outing.

The outing included a 30 min tour of the facility with information on how wine is made as well as historical details of the winery and a fine wine tasting of 7 different wines.  Each attendee received a complimentary Williamsburg Winery stemmed wine glass to take home.

For some, this was their first visit to the winery.  Others had attended previously.  Everyone enjoyed the outing and learned something new during the event.  Afterwards, the brothers discussed potential future wine tasting get-togethers and enjoyed other venues in the area.

HRAC Joins the Hampton Roads Chamber of Commerce

The HRAC has officially joined the Hampton Roads Chamber of Commerce!  The chapter voted on this a while back, but we have now paid our dues for the year and have been activated with the Chamber.  All current members of the HRAC have been submitted and should now receive emails from the Chamber.

The benefits of joining the Chamber are many and always growing.  Please check out some of the upcoming events for the chamber here.  Our hope is to set up future professional group events to attend as a chapter, but until then, please attend whatever interests you.

If you are unsure about your status with the HRAC and/or the Chamber of Commerce, please contact our VP of Administration at hamptonroadsakpsi@gmail.com to confirm. 

 


 

Next General Body Meeting Scheduled for September

Be sure to mark your calendars now and plan to attend our next General Body Meeting which is scheduled for Saturday, September 10 at noon.  This meeting will be held upstairs at the Lubo Wine Tasting room in Virginia Beach.

During the meeting, we will be discussing upcoming fundraisers, future social activities, and a potential community service activity in October.  Our president will also provide more information on how we can fully take advantage of our new Chamber of Commerce membership...all while enjoying a delicious lunch/brunch at Lubo!  Please plan to attend.

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Three Things Every Young Entrepreneuer Needs to Know
Deep Patel

 
As a young entrepreneur, I always question the relevance of advice from older businesspeople. Though I certainly believe in learning from experience, I feel advice can quickly become outdated, especially in the current connected environment. Nowadays there are several new tricks we can use to manage our time more wisely and glean only the usable information.

To gather relevant tips, I recently spoke with Nathan Resnick, a 22-year-old entrepreneur who currently serves as the co-founder and CEO of Sourcify, a marketplace for the world’s top manufacturers.

In the past couple of years, Resnick has brought dozens of products to market, launched several Kickstarter campaigns, started a few successful ecommerce brands and been featured in leading publications such as the New York Times, Bloomberg and Fast Company.

Resnick started out like many other wannabe entrepreneurs, eager to apply new innovations to other industries. For example, when he was twelve, he helped implement the Autism Society of America’s awareness wristband, raising over $200,000 for the nonprofit organization. This idea was sparked by the rise in popularity of Livestrong bracelets.

If you’re looking to start out on the right foot as an entrepreneur, Resnick offers the following three tips:
 
1. Share your ideas.
One of the biggest flaws in many young entrepreneurs’ mindsets is a belief in secrecy. An unwillingness to share your concept won’t get your business anywhere. Collaboration can work wonders, and you never know how others may be able to help.
When Resnick was starting Sourcify, a marketplace for the world’s top manufacturers, he consulted key mentors and friends to gain valuable insights. Without their advice, Resnick says, Sourcify wouldn’t have recognized key performance indicators that have become invaluable to their growth.
 
2. Horizontal innovation.
If you’re looking to find a new business to start, one of the most effective ways to ideate is to look for horizontal innovation plays. This means taking an existing product or technology, and applying it to a different industry.

For example, when Resnick was starting Cork Supply Co, he noticed an uptick in sustainably focused brands like Original Grain. Though he didn’t use wood and didn’t focus on the watch industry, the brand Cork Supply Co took similar roots in a fashion-forward sustainable outlook. This approach enables you to expand on proven businesses and move them toward your expertise or interests.
 
3. Be driven by results.
As an entrepreneur, you need to focus on data-driven results. You can talk and theorize all you want, but until you implement and test, your business won’t be proven. That is why Resnick believes results outweigh any theories.

When testing new business ideas, Resnick starts by launching a simple landing page and driving traffic to it. He then tests the conversion rate of signups on that page to see if his business idea could gain traction. This method enables entrepreneurs to stay lean before investing too much in their ideas.

If you’re a young entrepreneur looking to start a business, the one golden rule is to start now. The best way to learn is by doing, and you never know what will happen until you try. Entrepreneurship is a journey, and the sooner you start, the more you’ll learn.



Deep Patel is a young writer and entrepreneur. He is the author of A Paperboy's Fable: The 11 Principles of Success. In addition, Patel has served as script editor and creative consultant for the comedy She Wants Me (2012), produced by Charlie Sheen. He has been featured in Forbes, The Huffington Post, Entrepreneur Magazine and Elite Daily. Patel is currently finishing up his second book, The Gray Veil.
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