I am coming up on the one year anniversary of officially being out on my own. Yes…it is going to be a big day for me. Little context, in January 2007, I entered the world of start-ups joining a technology company. Great group of people, but it ended up being an evolution of previous technology companies rolling over debt from one to the next. They closed the doors the day after I closed on our house. Me and few of my co-workers decided to negotiate the purchase of that business (client list and assets), and off I was jumping into another start-up with new partners. What a learning experience.

What did I learn? Well, choose partners wisely and have a good agreement in-place. I also learned that I had the personality and the drive to venture out on my own…and do what I am passionate about, telling stories. My former partners are now running a successful business and pushing forward with their vision and I am excited for their success. So here I am, less than a month from starting Bobby Rettew, llc.

So now as I am in planning stages for year two…I am putting together my strategic plan for the next few years. I am excited about the opportunities, some cool projects on the horizon, and thinking through how I want to grow my business. This is the fun part…planning the dream and putting a plan in place to make it happen.

I am also excited about my teaching career and growing academically. It is my humble opinion that teaching at a major university has given me credibility and opened doors that normally would take years to open. I began teaching at Clemson University with the Advanced Writing Program, teaching Business Writing in the Department of English. I was able to leverage that opportunity to create a student led networking event called NetworkBash. These events have been great over the last two years. Now I am joining the Spiro Institute for Entrepreneurship to begin teaching Hybrid Entrepreneurship this coming spring. This growth academically has taught me how to manage my business, my clients, my classes, and serve my passion…to tell stories.

So how do we meet our goals, how do we push forward? How? Well, I am not perfect but this is what I am thinking.

1. Have a focus! Yes, know who you are and where you are going. What is the mission statement for your business? Seriously think about what problem(s) are you trying to solve and can you generate revenue by servicing this need? Balance your passion with how you can generate revenue. We are in business to make money…right?

2. Have a plan! Not only a simple business plan…but a short term and long term business plan that maps out goals; covers all aspects of your business. What happens if you hit a recession, what happens during a time of growth, where do you want to grow and how will you get there? This plan should be re-evaluated on a quarterly basis for goal setting, then yearly for revisions and re-focus.

3. Have a mentor! Find someone that you can talk to outside of your business. This person should be someone you can trust and provide perspective while building and growing your business.

4. Grow professionally! Have a place to step outside of the business, a place to stretch the brain and grow. This could be conferences, continuing education, workshops, etc. Plan to take time off for this growth, and plan financially for this expense. I just joined WOMMA and this is a huge investment for me and my business. Not only financially but also when it comes to time commitment. I want to leverage this knowledge for my business growth.

5. Grow your network! Continue to grow your sphere and be willing to remove people from your sphere if they are not helping you grow. Continually evaluate and re-evaluate where you spend your time networking and where you can find like-minded people.

6. Retain professional help! Have a good accountant and attorney. They will not only provide professional advice but will help you grow your business and protect your interests. I have both and THEY ROCK! TJ Way of Nason Way Accounting, LLC and Andy Arnold of W. Andrew Law Firm make my life easy!

7. Make time for family! Work hard and play hard. I take three vacations a year with a minimum of a week each. This lets me get away from business and re-energize. Also…know when to turn off business when you are home with the ones you love. I am always learning to make this distinction…it can be tough!

8. Have the desire to grow! Seek ways to become a better person and know that you have faults. Be willing to grow from each decision you make!

9. Treat your customers/clients like family! It is all about relationships. You want to be on the speed dial so that you can be their expert.

10. Love your business! Keep the passion alive so people can feel that passion when you walk in the door.

Where am I taking this business, well that is for me to know and you to find out. No big secrets…just working on my year two plan. But I do know this…my failures over the last 20 plus years have taught me so much. From starting as a broadcast journalist, through graduate school, multiple start-ups…and now my own deal. I am so fortunate to be where I am today. I just want to have some fun! Year two…here I come! Also…my CFO (my wife) has given the ultimate support needed to be successful, thanks beautiful!

So I have been asked to join the Spiro Institute for Entrepreneurship at Clemson University as a lecturer. I have been teaching Business Writing in the Department of English for the past two years…so this is going to be a fun challenge. It is funny how things happen, people you meet, and how planets align. After meeting with Dave Wyman this morning, he is the Interim Director of the Spiro Institute…we have a great plan for this class.

If you are interested in the curriculim of the Spiro Institute for Entrepreneurship, CLICK HERE and you will see the class I am teaching: ELE 499 – Executive Leadership and Entrepreneurship III provides an opportunity for high-potential students to participate in an entrepreneurial field experience such as starting their own businesses or participating in a special project.

So what is Hybrid Entrepreneurship? Hmm…well this will be part of the introduction to this class. But, let’s try to define.

If you look at the triangle above, you will see the three points entitled Entrepreneurship, Cause/Passion, and Profit/Discipline. If you look at Wikipedia, it defines the word “entrepreneur” as a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome. Bottomline, the person(s) see a need, take a calculated risk to bring this idea to market with the sole purpose of gaining a return or profit. The other point of the triangle is “Cause/Passion” where someone has the desire and the passion for a “cause” and solves a social problem. And the “Profit/Discipline” point is where a person(s) gains some return from this idea using some defined discipline. Hybrid Entrepreneurship falls right in the center of this triangle.

Some would say that this sounds like Social Entrepreneurship? Hmm, well one again Wikipedia does a good job! Social Entrepreneurship is defined as someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change. Whereas business entrepreneurs typically measure performance in profit and return, social entrepreneurs assess their success in terms of the impact they have on society. While social entrepreneurs often work through nonprofits and citizen groups, many work in the private and governmental sectors.

Social Entrepreneurs tyically have the goal to take the “profit” that is generated from the venture and re-invest back into the cause. Making a profit is not the ultimate goal but a byproduct of the greater good for the cause.

Some people think that Hybrid Entrepreneurship to be similar, if not the same, as Social Entrepreneurship. Hybrid Entrepreneurs are ones that  have the same social responsibility yet have no problem with making a profit, and are willing to disclose this part of the purpose.

So…what is the purpose of the class? Well, to teach students about Hybrid Entrepreneurship and find opportunities/projects in the community to help solve problems and create business ideas to solve these problems.

Here is the fun part about this class…we will be using video and social media to document and track the projects in this class. The class will be structured to achieve a couple of goals:

1) We will be taking requests from community organizations that have some “problem” that needs to be solved…they have a need. These organizations will submit a request and the class will pick 5 to 6 different problems/issues to analyze. We will invite these organizations to the class to make a 10 to 15 minute presentation and the class will make an assessment then recommendations. Then the presenting organization will select the best recommendations during the class session. We will do this over a four week period.

2) The next part of this class will be dedicated to finding a social problem and solving this issue. The natural part of the first section of this class. The students will be exposed to local organizations and their problems through the above presentations. This will create a natural dialogue…to look for other similar ideas to solve. OR, they can pick from one of the presentations. This project will be to find, research, and solve a problem…then present in s a final presentation using video and presentation slides. The students will have to document this process using video (probably flip cams) and online properties like Twitter and Blogs.

The goal of this class, to explore the idea of Hyrbid Entrepreneurship through research and praxis. I LOVE IT!

I would love to hear from you? Have any examples of Hybrid and/or Social Entrepreneurship? Please share!

Much of this blog was based on information from Will Marre, check out his site by CLICKING HERE.

So today I found a little surprise in my mailbox, a thank you note. Well, there was more than just one thank you note…two. Below you can read the thank you note from one of my students. The note was not to me.

I teach Business Writing at Clemson. It is my goal to teach students more than just how to write, but how to use writing to build relationships. I teach them to think like entrepreneurs. I teach them to think about building career relationships. This thank you note is not only just a representation of a student thanking and praising a teacher, but using the knowledge learned in the classroom. Today, I am the student! It has come full circle!

There are so many times if we wonder if we are making an impact, but tonight…this one student made me shed some tears. I love teaching! Thanks Kelly!

Read below!

Have you read the words to the script from the video above. If you have not watched the video…you should. Ignore the fact it is a University of Phoenix promotion, but look and listen to the words and the pictures. Seriously, take 60 seconds and watch and really listen…focused listening.

Now…read the words:

it is 2010 and everything is different
different jobs
different challenges
different opportunities
so why would universities stay the same
what if an education could adapt for the time we live in
and i am not just talking about 2010, but beyond it
adjusting curriculim to serve ever changing job markets
hiring faculty who are still working in the fields they teach
and using new technologies to enhance learning
if an education could adapt to the way the world works today
could that same education help the world to adapt
to work better tomorrow
university of phoenix
because an educated world is a better world

Now…watch the video again! It is 2010 and we are faced with so many challenges, right here in our in our neighborhoods, right here in our states, in this great nation. We are in a place where we are trying to find new ways to innovate, and it is finally that time! We can really invest in our educated future. Yes, I said our “educated future.” It is that time, to find new ways to invest in the next wave of entrepreneurs.

University of Phoenix has figured it out. Now I have heard many seasoned, accredited academics look at the University of Phoenix and critique “quality” of education. But, let’s burn down the ivory tower and let’s talk about education that is going to retain and sustain tomorrow’s leaders…today.

It is my prediction that Clemson University is going to essentially become a private institution within the next five years. Now I know that Clemson will not be able to claim it’s private nature, yet over 90% of it’s funds will reflect private dollars. Universities like Clemson are going to have to become more market driven. The funding arms that will keep the doors open will demand talent driven success and a return on their investment…human capital.

It is time…it is time to invest in initiatives and programs that are going to innovate and inspire the next wave of entrepreneurs, the next wave of leaders, the next wave of human capital. Look at the initiative of the Consortium of Enterprise Systems Management, “To facilitate and create a pipeline of talent that will support the future of IT.” How? Change the discourse in the world of K-12 and higher education that the world of IT is cool.

Look at the Call Me Mister Program, with the sole initiative to empower African American males to become elementary education teachers here in South Carolina. These are the goals and initiatives it takes to create a pipeline of talent for tomorrow’s demands. We not only need to continue to empower those who will teach our children, but those who will pave the path for our smarter communities.