Entrepreneurs who represent diverse identities are changing the face of leadership as more startups embrace diversity and inclusion in many aspects of what they do. We are in an age of business growth from in-person to online, so entrepreneurs need to be able to adapt to any situation that may arise, for example, if they are starting an e-commerce website and they are experiencing a bust in growth, they may have some reservations about where to take their online store next and what to do with that expansion. This is where resources like magento development services and others with a similar connection, can come in useful for helping them develop without missing a beat. This is just a taste of what they could do, it is all about the drive they have behind them to achieve this.
There are numerous factors to consider when establishing a new business or startup. It entails funding, ideas, hiring employees, and keeping founders and co-founders happy. Besides, the startup members also have to manage the shares. For example, they have to take care of the equity, which is generally an exchange of a nominal amount of money (par value times number of shares received) for the shares, and an assignment of any relevant IP generated prior to the time of incorporation for the founders who purchase shares at the time of implementation. And deciding how to split equity fairly with your cofounders can appear to be a daunting task if you have never been involved in any type of business before. However, this is how all new businesses and startups begin.
On Wednesday, March 24, the Elmhurst University E-celerator will host the panel discussion “Why Does Diversity in Entrepreneurship Matter?” During this virtual event, a panel of successful entrepreneurs will explore why diversity among entrepreneurs is important; its impact on businesses and organizations; and the obstacles faced by entrepreneurs with diverse identities. A detailed discussion about entrepreneurship and examples of manufacturing firms, supply chain management, packaging companies (like Impacked Packaging), shipping companies and sales plans might help the young entrepreneurs to learn how to scale and grow their businesses.
During the discussion, the experts may also discuss the significance of good courier services in terms of shipping goods for new businesses. The small companies must be aware of the methods by which they can ship their products without causing any damage to them. For example, many businesses hire firms that provide pallet transport to ensure that their goods are moved from one location to another without any mishap. It could be a perfect alternative for new businesses since it is relatively inexpensive than other courier services, to increase their profit margins.
About the panelists:
• Christina Montalvo, MBA ’16, started her first business-a personal training studio-in 2012 out of her single-car garage. Five years later, she expanded it into a 2,000-square-foot warehouse gym. Montalvo now works exclusively online helping other women entrepreneurs build their businesses, with an emphasis on inclusion, feminism and autonomy.
• Quincy Banks ’00 founded his business, Graphix by Dzine, Inc. while pursuing his bachelor’s degree at Elmhurst in art education and graphic design. Using his expertise in visual communication, Banks has worked with celebrity/philanthropists like Common and the Common Ground Foundation, Dwayne Wade and the Wade’s World Foundation, Donda’s House, and the Kanye West Foundation.
• Jennie Oh Brown, a renowned flutist with an entrepreneurial spirit, is the artistic and executive director of Ear Taxi Festival, a festival showcasing Chicago’s vibrant, innovative new-music community. An adjunct faculty member in the Elmhurst University music department, Brown also is an active performer throughout Chicagoland, as well as the artist behind multiple critically acclaimed albums.
“Why Does Diversity in Entrepreneurship Matter?” will begin at 5 p.m. on Wednesday, March 24, in a virtual format. For more information and to access the event, visit elmhurst.edu/ecl. Admission is free and all are welcome.
The Elmhurst University E-celerator is the campus’ resource center for learning about launching a new business or innovating from within an existing one. By sharing ideas and learning from others, the E-celerator champions the entrepreneurial spirit at Elmhurst U. and in its surrounding communities.
