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News from My Own Business Institute

MOBI Newsletter - Winter 2021

Welcome to 2021 and the first MOBI quarterly newsletter of the new year. We hope 2021 brings brighter days and hopeful horizons to our students and readers around the world.

Each quarter we reach out to our alumni and readers to share important highlights from Santa Clara University’s MOBI program. We hope you will enjoy these updates and continue your relationship with MOBI on your path toward entrepreneurship!

Feel free to opt out of this newsletter by clicking the unsubscribe link at the bottom. To read this newsletter in Spanish, please click here.

Thank you from MOBI!


Microfinance for Entrepreneurs

 

MOBI’s 2021 courses are live and ready for enrollment, and we’ve added a new bonus session for you as well. Microfinance is a rapidly growing category of funding to provide capital for entrepreneurs who need less money or who don’t meet the qualifications of traditional banks and lenders.

This new session provides an overview of microfinance, types of microlenders, how to choose a microfinance loan, understanding microlending methodologies, and more. Readers will also learn about high-interest rates, fees to watch out for, and ways to estimate the total cost of your loan.

This session was written by Long Le, Ph.D., Lecturer in Management and Director of the International Business Minor at the Leavey School of Business, Santa Clara University and co-founder of Zero Interest Bank (ZiM).

View the new Microfinance for Entrepreneurs session here or by clicking “Browse 36 topics” on our Home page.


Caring for Yourself While Building Your Business: Three Ideas for Entrepreneurs

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Starting your own business requires bravery and ambition. It demonstrates a deep belief in yourself and your purpose. At the same time, being an entrepreneur can be lonely. Most new entrepreneurs begin as a company of one, accepting all of the risks and making all of the decisions. As you go through this incredible, challenging, and sometimes daunting process of creating and building your business, how do you care for yourself? How do you ensure that the whole you does not become overshadowed by the entrepreneur in you? 

In this new MOBI blog post, life coach Karyn Holl provides three strategies for entrepreneurs along with ideas for how to make each one happen.


MOBI Success Story

We are so proud of the accomplishments of our MOBI students around the world. Each quarter we will share the story of one MOBI entrepreneur. This quarter we feature Marta Sisman of Marta Sisman Photography.

Marta Sisman Photography was started in 2019 by owner/founder Marta Sisman. Originally from Poland, Marta has always loved pictures and photography. Her passion for photography took on new meaning when her second daughter was born. She decided to start a photography business focused on capturing the love and beauty of everyday life and commemorating special moments. Marta learned about MOBI when she moved to a new town and began working with Senior Transition Coach, Jim Wojtak, at Impact Group, a MOBI partner. Through the Starting a Business course and Jim’s guidance, Marta created a new business plan, expanded her marketing activities, and reestablished her business. She is excited about the opportunities that lie ahead in her new location!

 Photo of Entrepreneur Marta Sisman

 


Partner Spotlight

MOBI partners are an important part of the MOBI program!  By forming partnerships with diverse communities of students around the world, MOBI can inspire entrepreneurship in ways that best meet the specific opportunities of each group, and always for free. 

This quarter MOBI features Porter County Career & Technical Center located in Valparaiso, Indiana. Porter County Career & Technical Center is attended by high school students from ten surrounding schools who seek to earn dual credit and learn skills in the business area. Students study all areas of business including Entrepreneurship, Marketing, Management, and Economics. In the program Porter County Career & Technical Center uses Sports and Entertainment topics as well as hands-on projects such as a “Shark Tank” capstone project to apply lessons. Beth Ammonds, Business & Marketing Teacher at Porter County Career & Technical Center, provided some insights about their program and partnership with MOBI.

Why you chose MOBI?

In previous years, the students have operated a store on campus. With COVID, it became apparent that we needed another way to dig down into running a business and entrepreneurship. MOBI has been an amazing opportunity to go in-depth into the topics it takes to open and run a business. The students also created a “truck business” as we progressed through the lessons so they could apply what they have learned.

How is MOBI making a difference for your students?

Over half of my students work in an internship throughout the year. MOBI helps them to understand the businesses they work in better and also prepares them for their futures. Some students work in their family businesses and take these lessons straight from the classroom to their workplace. Others have their own side businesses and have used it to revamp and improve these current businesses. Many other students have used the MOBI course to define the area of business they want to pursue in college. Over the course of a quarter, it has been a meaningful project for everyone.

Anything else?

By creating custom worksheets that blend my lesson plans with the MOBI curriculum, I can engage with my students more directly on the topics as they relate to local and current contexts and my overall curriculum and course. With the “truck business” as a capstone type project, students can apply each lesson to their own creative ideas. 

Beth adds, “Honestly, it's the best written and informative set of materials I have seen in almost 20 years of teaching.”

Do you know an organization or school that might be interested in partnering with MOBI?


Special Events:

Here are a few events from the past few months.

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Speaker Series: Leading in Turbulent Times

Leavey School of Business Interim Dean and MOBI Advisory Board Member Naren Agrawal welcomes industry leaders to share powerful insights and lessons learned in his Dean's Speaker Series, "Leading in Turbulent Times." Guests to date include HP CEO & President Enrique Lores and Wayfair CEO & Co-founder Niraj Shah. Available for viewing on YouTube.

 

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WCTC MOBI Graduates!

Waukesha County Technical College (WCTC) students & students from select Waukesha County high schools have been pursuing their MOBI curriculum. We congratulate all the WCTC graduates this past quarter! While not in person at this time, previous WCTC students are shown here with Entrepreneur Instructor Mike Previte.

 


Popular Posts

MOBI highlights one theme every week on our social media platforms. We post blogs, videos, lists, and articles on a variety of topics relevant for aspiring entrepreneurs. Based upon reader activity, here are some top stories from the past quarter. Be sure to also check out #MOBIPartnerFriday each week and our #WinterofWellness posts from this quarter.

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End of Year Checklist for Small Businesses

Read more »

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Winter of Wellness: Social Wellness “Powerful Communication Tools for Entrepreneurs: Connecting”

Read more »

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Winter of Wellness: Physical Wellness “25 Mental Health and Wellness Tips for Entrepreneurs and Business Owners”

Read more »


Thank you for reading!

We wish you good health and all the best in business success!

The MOBI Team

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My Own Business Institute

Leavey School of Business

Santa Clara University

500 El Camino Real

Santa Clara, CA 95053

 

Tel 408-551-3549

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