Don't forget the Idea Competition is TOMORROW!!!
Support student entrepreneurs as they pitch their ideas
The Idea Competition is tomorrow at 7PM in the Commons Sports Zone!
More information on the event can be found
here.
It's going to be an exciting night and we hope to see you there!
Jamie McDonald, Chief Giving Officer of Network for Good, spoke to the UMBC community on the basics of crowdfunding, how to select the right crowdfunding platform, and the steps to follow to increase the likelihood of success.
If you missed this informative and exciting Workshop be sure to listen to the unedited audio of the Workshop available below.
Jamie first got the entrepreneurial bug when she started working for a banking firm early in her career. After learning many things at the firm, she decided to leave and launch her first company. From there, she launched and sold multiple companies and has learned how important and diverse crowdfunding can be.
Crowdfunding has a long history, spanning back to tribal communities when individuals would donate money to obtain new products. Crowdfunding is now linked to technology and social media, which has amplified the opportunities available to entrepreneurs. This link with technology has encouraged a "succeed/fail fast" mentality with crowdfunding. Despite the time gap, the idea of crowdfunding remains the same.
Jamie talked about how having “passionate ambassadors” to test and your idea is critical before starting a crowdfunding campaign. This "inner circle" should be friends and family who are willing to criticize your idea to make it better.
She then went on to talk about the factors an entrepreneur should consider when starting a crowdfunding campaign:
-
Timing & Deductibility- Before launching a campaign you need to think about timing and whether your idea is ready to be created. Do you have manufactures lined up? If you make this product will you be profitable? Do you have a marketing strategy? For example, if you launch a crowdfunding campaign for a product without having manufactures in line, how will you make those products in a timely manner?
- Audience- Most of the people who will support your crowdfunding campaign will be people you have already networked with. Some crowdfunding sites allow you to reach an audience outside of that network, but you can’t always count on this. Therefore, it is important to use the cheapest crowdfunding avenue possible because most often, you are going to be delivering the audience. If you don’t think you have a strong audience, take a step back and see if you can rework your network to get more established. Once you have a stronger audience, go back to the idea of launching a crowdfunding campaign.
- Marketing Strategy- Share the creative journey with your ambassadors and supporters. You need to have a marketing plan in place before launching a campaign to ensure that you can properly market your idea during and after the campaign.
- Funding and Cost- There are three different crowdfunding options you can choose from when selecting a campaign. Be sure to select the one that will benefit you the most. When it comes to cost take into consideration time and marketing.
- All or Nothing- If your campaign doesn’t make it's goal, all supporters get their money back. This option can motivate supporters to share your campaign with friends. However, this method is high risk and expensive. (Ex- Kickstarter)
- Tipping Point- Your campaign needs to reach x% and you get to keep what you make. If it doesn’t reach x% you lose the what you make. This option can motivate supporters to share your campaign with friends. This is the least expensive method but still has high risk. (Ex- Indiegogo)
- Get What You Raise- Whatever you make on your campaign, you keep. This method is more expensive but has less risk. It doesn’t have the competitive feel that All or Nothing and Tipping have.
- Rewards- Rewards in campaigns are important because they encourage someone to donate. For example, if you are selling a product related to coffee, you might offer an award of two bag of coffee for every $25 donated. This way, the donor will get something, regardless of the success of the campaign.
- Value- What’s the value of using a crowdfunding campaign that brings an audience vs what’s the value of just getting the money? Whatever amount you want to raise by doing a campaign, you should assume it will cost 20% of that money raised.
Remember that crowdfunding is just one of the tools to help you launch your business. You must surround your campaign with strong social media networks, friends and family, and other avenues of communications in order to be successful.
]]>
Jamie McDonald, Chief Giving Officer of Network for Good, spoke to the UMBC community on the basics of crowdfunding, how to select the right crowdfunding platform, and the steps to follow to...
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Tue, 10 Nov 2015 09:29:25 -0500
Center Stage seeks Technical Director
Center Stage (LORT B) is accepting applicants for the position of Technical Director. Under the leadership of Artistic Director Kwame Kwei-Armah and Managing Director Stephen Richard, Center Stage produces six mainstage shows and a mix of other Artistic programs on two stages. Center Stage is committed to building a diverse community of staff and interns. Individuals from underrepresented groups are encouraged to apply. Primary responsibilities include:
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Center Stage (LORT B) is accepting applicants for the position of Technical Director. Under the leadership of Artistic Director Kwame Kwei-Armah and Managing Director Stephen Richard, Center Stage...
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Mon, 09 Nov 2015 17:25:14 -0500
The BSO seeks Public Relations and Social Media Manager
The Baltimore Symphony Orchestra seeks a results-oriented, highly motivated professional with public relations and social media experience and a commitment to the highest levels of excellence.
About the Baltimore Symphony Orchestra
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The Baltimore Symphony Orchestra seeks a results-oriented, highly motivated professional with public relations and social media experience and a commitment to the highest levels of excellence....
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Mon, 09 Nov 2015 14:38:37 -0500
Wed, 30 Dec 2015 00:00:00 -0500
Young Audiences Seeks Program Associate
Program Associate Job Description
Organization Description
]]>
Program Associate Job Description
Organization Description
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Mon, 09 Nov 2015 11:57:08 -0500
Young Audiences Seeks Education Assistant
Education Assistant Job Description
Organization Description
]]>
Education Assistant Job Description
Organization Description
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Mon, 09 Nov 2015 11:53:51 -0500
Shattuck Family Internship Program
A Program for Entrepreneurship Innovation and Social Change
Do you have an interest in Becoming an Entrepreneur or Nonprofit Leader?
Are you ready to intern within a Start-up or Nonprofit/Social Venture this Spring?
If yes, apply to the Shattuck Family Internship Program for Entrepreneurship Innovation and Social Change. This is a PAID opportunity.
DEADLINE TO APPLY is Friday, December 11th
The Shattuck Family Internship Program for Entrepreneurship Innovation and Social Change prepares UMBC students for the rigors and rewards of entrepreneurship and social innovation. This program places highly-motivated students from diverse backgrounds in mentored internships to better prepare them to launch start-up or nonprofit ventures. Students get training and experience to empower them to become the next generation of entrepreneurs or nonprofit leaders.
Internships last one semester (15 weeks) and students will work, on average, 8 to 10 hours per week. Students receive a stipend of $1,500 toward their compensation. In addition to the internship, students engage in projects and activities that further expose them to the social entrepreneurial mindset. Students will be placed in an internship based on their career interests and in consultation with the Career Services Center.
Are you ready to intern within a Start-up this Spring? Obtain a PAID internship in a Start-up- Apply today- Details found
here
Are you ready to intern w/a Nonprofit or Social Venture? Do you have an interest in Becoming a Nonprofit Leader?- Details found
here
]]>
Do you have an interest in Becoming an Entrepreneur or Nonprofit Leader? Are you ready to intern within a Start-up or Nonprofit/Social Venture this Spring? If yes, apply to the Shattuck...
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Sun, 08 Nov 2015 13:18:05 -0500
Project Manager_AKIMBO Dance & Movement Art Festival
AKIMBO Project Manager
Contractual
Deep Vision Dance Company, Inc. seeks a project manager for AKIMBO Dance Festival with experience working in and a passion for the arts. This organized and detail-oriented individual is committed to working in a team environment, demonstrates strong leadership skills, and values timely communication.
]]>
AKIMBO Project Manager Contractual Deep Vision Dance Company, Inc. seeks a project manager for AKIMBO Dance Festival with experience working in and a passion for the arts. This organized and...
http://www.baltimoreculture.org/programs/jobsplus/7850
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Fri, 06 Nov 2015 14:05:24 -0500
Visual Arts Professor James Smalls on Race and Art
Seeing Color: conversations with arts leaders at the BMA
The Baltimore Museum of Art presents Seeing Color: A Conversation About Race & Art on Saturday, November 14, 2 PM. The free panel discussion will bring insights to the national conversation on race, identity, and social justice addressed by artists and shed new light on challenging artworks in the BMA’s historic and contemporary collection.
Works such as Charles Calvert and His Slave (1761) by John Hesselius; Uncle Tom and Eva Spill Vase (1852-1853); and Strange Fruit (1995) and Cotton Eater II (2014) by Allison Saar will be discussed.
The panel moderator is Rodney Foxworth, founder of Invested Impact, a non-profit working to support economic change and leadership development in underserved communities. He has advised, developed, and managed numerous social impact ventures.
Panelists:
- Dr. Sheri Parks, Associate Dean for Arts and Humanities at University of Maryland
- Dr. James Smalls, art historian and professor at University of Maryland Baltimore County
- Ailish Hopper, poet and professor at Goucher College
- Susan Harbage Page, artist and professor at University of North Carolina at Chapel Hill
]]>
The Baltimore Museum of Art presents Seeing Color: A Conversation About Race & Art on Saturday, November 14, 2 PM. The free panel discussion will bring insights to the national conversation...
https://artbma.org/documents/press/seeingcolor.pdf
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Archives Gold #6: 50 Objects for UMBC's 50th
A Postcard from UMBC's Production of Las Meninas
Special Collections continues our archival project Archives Gold: 50 Objects for UMBC's 50th, a special series showcasing 50 different objects that tell the story of UMBC. This week we present a postcard from the UMBC Theatre Department's production of Las Meninas (2010).
Las Meninas postcard, 2010. UPUB TI, University Archives, Special Collections, University of Maryland, Baltimore County (Baltimore, MD)
Las Meninas, a play that touched on the subjects of race, gender, and culture in King Louis XIV's court, was the most recent production of UMBC's to appear at the Kennedy Center American College Theatre Festival (KCACTF), university theater's most prestigious competition. Six other UMBC plays have received recognition by the Kennedy Center in the course of the campus' existence, including Buried (2003), The Diary of a Scoundrel (1996), Spring's Awakening (1987), The Importance of Being Oscar (1986), and Play, Act Without Words II, Not I, Footfalls and Breath (1978). The very first production of UMBC's to receive national recognition was the Performing Arts Department's production of You're a Good Man, Charlie Brown in 1974. This was also the very first time a Maryland institution had been chosen to perform at the KCACTF.
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Special Collections continues our archival project Archives Gold: 50 Objects for UMBC's 50th, a special series showcasing 50 different objects that tell the story of UMBC. This week we present a...
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Albin O. Kuhn Library & Gallery
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Albin O. Kuhn Library & Gallery
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