I was saddened but not surprised this summer to learn that the University of California, San Diego’s Moxie Center for Student Entrepreneurship had closed at the end of June, having finally run out of other people’s money. Backed by a ten million dollar gift from local philanthropist Irwin Zahn’s Moxie Foundation, the center’s stated aim was to fund start-ups and MBA graduate student entrepreneurs. But it lived just long enough to hand out all of the millions of dollars and that cashed out, and then expired.
UCSD no doubt sees the Moxie Center’s 2 1/2 -year run as a great success: Look at all of the young innovators who had the opportunity to take their concepts to fruition, thanks to their Moxie grants. But as a businessman, I see it as a failure. The Moxie Center, while promoting the entrepreneurial spirit, was run like a charity, in that it didn’t seek any returns on its investments in student enterprise. Is that really a good lesson for young startups????
Through its own example, the Moxie Center failed to teach its budding entrepreneurs the most basic survival skills for startups: understanding the concept of winning, and how to forecast business profits and losses, experience, and knowledge, and small business education, is not Taught in Any College.
Mr. Kuang is the founder and president of Torrey Hills Technologies LLC in San Diego.
Written By Anthony L. Pezza Aug 20th 2015
Small business education has never been taught in colleges, or has never been funded successfully to achieve a 70% plus success rating. The reasons are very simple, and that is professors on average have never owned a successful business, and if they have, it might have been one, or maybe two ventures?
And I would doubt if that number is greater than two from my own experience. Small business education is an art in the process of teaching, and is a greater art in the process of learning. It takes many years of knowledge, and experience in understanding the simplest of what I call the step by step formation to be successful, and be a profitable business.
The Wall Street article has it right, and is the best example of a failed business venture using other people’s money. The reasons colleges, and funded organization form the allusion of success is because they will never publish their failures in order to attract additional funding, or student enrollment. One of the other reasons colleges, and funded groups fail, is because they offer not one day of implementation after graduation day, or certificate of achievement from a funded group, which is equal to the same document in business. Banks, and lenders have the same approach to business borrowers when it comes to implementation, and after the closing date, they to offer no support once they have closed the deal.
For more than 50 years of teaching small business I offer education, knowledge, experience, implementation, and student guidance. Group funding, and college courses for small business education is a failure on average, and is a failed process.
FOR ALL THAT ARE READING MY MESSAGE, THIS IS IN THE FIELD OF SMALL BUSINESS EDUCATION, SHOULD YOU WANT TO DISPUTE MY THEORY PLEASE CALL ME AT 732 232 4633 THIS APPLIES TO ALL COLLEGES, LENDERS, AND FUNDED GROUPS. FOR MORE THAN 40 YEARS I’VE POSTED ON MOST OF THE SITES THAT I WILL PAY ANY COLLEGE $25,000 SHOULD MY COURSES NOT ENHANCE THE BUSINESS STUDENT AFTER 8 WEEKS OF IN CLASSROOM LEARNING.
Thank You, Tony Pezza America Standard Businesses YOUR NUMBER ONE EXPERT IN SMALL BUSINESSS EDUCATION SINCE 1975