Episode Transcript
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Speaker 1 (00:02):
Hello everyone, and welcome to the Dana Simmons Real Estate Show.
My name is Andy Hemmings. I'm the guest host today
hosting for Dana. I'm with Capital Title of Southeast Texas
and we close real estate transactions. Dana is kind enough
to allow me to come in and host on occasion. Dana,
we appreciate you everything you do for the real estate
(00:24):
community and beyond. Today, we have a guest that we've
had here before some time back, and I'm so glad
to have him back here again, mister Kyle Scott from
Laura University, and he is over the Venture Center at
Lamar University and he's in charge of entrepreneurship studies at Lamar.
So he's really making an impact in our community to
(00:46):
help foster entrepreneurship in our youth and across the community.
And Kyle, we're so happy with what you're doing here
and it's a pleasure to have you back.
Speaker 2 (00:55):
Yeah, it's great to be back. Third time to charm
I might actually do a good job this time.
Speaker 3 (01:01):
You always do a wonderful job.
Speaker 1 (01:02):
I love your creativity, I love your passion for what
you do. And they have the right man for the
job there at Lamar. Just real quickly, just for those
that may not know you, give just a brief background
on your history and how you came to join Lamar University.
Speaker 2 (01:18):
Sure, thanks, and you know, thanks again for having me.
This is I think perfect because in one week we're
going to be celebrating our country's two hundred and fiftieth anniversary. Yes,
And of all the things we have to be thankful for,
one of those things that we have to be thankful
for in order, you know, to have the opportunity to
(01:39):
live in this country, is you get to make the
life you want and to define your future. Yes, which
is the very essence of entrepreneurship. If you have the grit,
the termination and the work ethic, you can become whatever
you want to be. And that's what we're trying to
build at Lamar University. You know, I come from an
academic background. I started as a middle school teacher, in
(01:59):
a high school teacher till I realized I was not
tough enough for middle schoolers. And then you know, I
went back to school, received my PhD in political science
and tried the academic journey. But then because family matters happen,
life happens, I embarked upon my own entrepreneurial journey for
the next sixteen years. And you know, I've been blessed
to be able to re enter Academy in this capacity
(02:21):
and build upon that diversity of experience in my background
to really help grow economic opportunity here in Southeast Texas.
Speaker 1 (02:29):
Yeah, well that's I love your story, I love your history.
I love what you bring into the community. Just some
fresh experience, some new eyes, you know, and some new energy,
some new ideas, and so once again, just so glad
to have you here with us now. Since you've come
on board with LAMAR and into our community, you've been busy, man,
(02:52):
You've been busy. I keep up with you on LinkedIn
and elsewhere. We stay in touch, but here, most recently,
you're embarking on a new initiative, and that is working
with veterans in entrepreneurship, which I think is one just
such a wonderful idea and a wonderful service to our
service members and our community. Tell us about specifically how
(03:16):
you're addressing entrepreneurship with veterans, and beyond that, how you
see their experience as veterans dovetailing in to entrepreneurship.
Speaker 2 (03:26):
Absolutely, So, you're right. We have been busy because we're
essentially running a startup here, and in a startup, it's
all about experimentation. What's going to work, what's not going
to work. You just kind of throw it at the
wall and sees to see what sticks right. And you know,
I've been here about a year now, and that gives
you enough time to understand the landscape and the needs
(03:46):
and the opportunities in the area. You can come in
from the outside with all these wonderful ideas, but if
it's not something the community wants or needs, it doesn't matter.
You cannot impose what you want to do in a community.
I am here. Entrepreneurs are there to be of service
to the community, and so we look at this idea
of service. We look at this idea of what the
(04:07):
community needs or what it's after. And this is a
very philanthropic, caring community. It's a community with a you know,
a group of people who love to give back. And
when you think, in partnering that with the idea of service,
who's given more than our service members?
Speaker 3 (04:25):
That's right, right.
Speaker 2 (04:26):
So this is a tough economy for all, we get it.
It's tough to be an earner in this economy, right,
this is an owner economy. Whether it's your side hustle,
whether you're flipping houses on the side, whether you're just
running a food truck on the side, you need to
find a way to get yourself into the owner economy.
Speaker 1 (04:46):
Okay, that's a that's an important distinction there, earner versus owner.
Speaker 2 (04:51):
Yeah, absolutely, yeah. You know, until you start signing the
front of the checks and move away from signing the
back of the checks, you're going to be at somebody
else's mercy, really be at the whim of the economy
at large. As soon as you become an owner or
at least partake in that alongside whatever your earner job is,
you know you need to take this allows you to
(05:13):
take ownership for your life, to provide opportunity for you
and your family. So we think about our service members.
They come with a wide range of skills. It's dedication,
it's work ethic, it's loyalty, it's sacrifice, all of the
things that go into building a thriving enterprise. So how
(05:33):
can we take these innate skills that they have, that
they've learned over time and demonstrated over time that don't
necessarily map onto a resume, which means they have barriers
to entry to the traditional workforce. So let's go ahead
and work with them so that they can build that
business for themselves. And I really think that with the
number of active duty service members and their spouses and
(05:56):
the number of veterans and their spouses that we have
in this community, that we have a large population that
we can serve.
Speaker 1 (06:01):
Yeah, so how is this initiative taking place? So how
are you reaching out to veterans? How do they contact you?
What happens when they get implemented into your system? Kind
of walk us through the cycle.
Speaker 2 (06:17):
Yeah, absolutely, So this is brand new.
Speaker 1 (06:20):
Okay, we're on the front end here.
Speaker 2 (06:22):
We don't even have a logo for it yet.
Speaker 3 (06:24):
Okay, okay, okay.
Speaker 2 (06:26):
But the idea is that we're going to run three
eight week sessions through the course of the yearkay. And
through those eight weeks, you're going to come in, You're
going to receive mentorship from established entrepreneur in the area.
You are going to go through a curriculum with weekly
benchmarks to where you will work with your group individually
on your business plan. If you don't have an idea,
(06:49):
but you think you might want to be an entrepreneur, Well,
there's going to be a week for that, and we're
going to take you all the way to pitch. So
this is not going to be an investor pitch, but
it's going to be a pitch where you will receive
prize money for completing the program.
Speaker 1 (07:02):
So the veterans themselves can receive prize money for completing
the program absolutely.
Speaker 2 (07:06):
Now the exact dollar amounts hasn't been set yet, sure,
but it's going to be anywhere from depending upon where
you finished, from one thousand to five thousand dollars to
get you stuck.
Speaker 3 (07:15):
It's exciting.
Speaker 2 (07:16):
And what's different about this from regular pitch competitions is
because it's prize money, nobody has any ownership of your
company right now. You can go out and get lenders
and get investors later on once you're at that point, but
this is that first seed funding that nobody else has
a stake in your claim. But you get to use
(07:36):
this money to go out and really start building it.
Over that eight weeks, you're going to build a lot,
But it does take some money to file that LLC
to go ahead and sign that first lease. Whatever the
case is, maybe if you want to use it for childcare,
transportation costs. The money is you worshould do with what
you want, so long as since you're pursuing that entrepreneurial dream.
Speaker 1 (07:55):
Yeah, oh I love it and how do okay? So
have y'all started reaching out?
Speaker 3 (08:01):
Ye?
Speaker 1 (08:01):
Are y'all taking applicants yet or just still building it?
Speaker 2 (08:04):
We are not taking applicants yet. So a strategy is this.
We have a lot of groups in this community that
serve veterans. They offer, you know, everything for mental health
to helping you through the VA, those sorts of things.
So we will use those in Part two as our
reach out efforts, but we don't We want to be
(08:24):
a sort of a hub of a lot of these
activities and that if you come to us and you're
a veteran who needs help with X, well we're helping
you with building a business. We know who to connect
you with if you also need help with X. Right,
So we want to make sure we have those connections.
And there's a gentleman who works, Mike Barfield with the
(08:45):
Lamar University Foundation, who's a veteran himself, and he's really
been supportive of this initiative and is helping us get
out there, raise the money that we need and connecting
with those with those organizations in the community.
Speaker 3 (08:58):
Yeah.
Speaker 1 (08:59):
Well, I've I've been to your pitch competition before, which
was it was students. It was it was the students
that you that you have. So it sounds like what
you've taken is you've just taken that same model and
now you're just applying it to the community and specifically
the veterans in the community. Are there any differences between
maybe the pitch competition that I attended and kind of
(09:21):
how the one with the veterans is going to look?
Speaker 2 (09:24):
Sure, so the one you attended with students. Students love
the newest and brightest things, right, we can talk about
that all day long. And why that's an error? Yeah, yeah,
you know, it's it's all AI.
Speaker 3 (09:37):
This.
Speaker 2 (09:37):
I'm going to solve healthcare for AI. I'm going to
do mental health with an app. It's like, do you
know anything about mental health or app? But for this,
we want to talk about a a business that you
can open up right here in Southeast Texas, you know.
So they will be more traditional businesses. Maybe some of
them are super innovative, and that's fine, but also with
(09:58):
the students they were going through class, says, They've been
coming to see me get some mentorship. But this is
going to be a structured eight week program where we
take you soup to nuts. Yeah, it's a commitment. Now
you're going to be able to work your other job
and do your other commitments. But this is going to
be a structured program, and we're going to make sure
that you succeed.
Speaker 3 (10:16):
Man. I love it.
Speaker 1 (10:17):
Yeah, And I would think that the you know, i'll
call it your your clientele, your participants in the program
from you know, kind of comparing and contrasting a student
versus a veteran. They're coming with real life experience, a
whole different perspective than a starry eyed student, right, And
so as such, it's going to eat, it's going to
(10:39):
evolve and unfold differently. For that reason, it will.
Speaker 2 (10:42):
I mean, the younger you are, the more you want
to tell me about the way the world should work.
More man, boy, the more experience you have, the more
you know about the way the world does work, and
you're able to adapt and apply that knowledge.
Speaker 1 (10:55):
That's excellent. All right, Okay, this is excellent. We are
going to come right back. We're going to take a
quick break and come right back with mister Kyle Scott
from the Lamar University Venture Center. This is Andy Hemmings
guest host today from Capital Title. We'll be right back.
Welcome back to the Dana Simmons Real Estate Show. This
is Andy Hemmings guest host today with Capital Title. Capital Title.
(11:18):
We have five area offices to take care of any
of your real estate transactions. We're in Beaumont, Lumberton, orange Port,
Arthur and Crystal Beach and we work with buyers, sellers,
real estate agents, developers, investors. We are here to close
any of your real estate transactions. Feel free to give
me a call with any of your title needs. Four
(11:41):
nine six' five eight three six nine. Five we are
back here with Mister Kyle scott From Lamar. University And,
kyle what we were just talking about was the program that
you have in working with veterans that you're launching there
At lamar and some of the differences that they that
they bring to the, table right and. So and one
(12:03):
of those differences is having that you know that that life,
experience and you've talked about this in some of your.
Articles also that one of the, well i'll call it
a mistake or maybe misunderstandings of. Entrepreneurs they start their
journey with the wrong, mindset, Right and you teach that
a lot in your. Classes so tell us, about uh
(12:25):
that the what you see as the correct mindset that
you should bring to that one should approach. Entrepreneurship and
then you know maybe how veterans themselves fall into that
model more.
Speaker 2 (12:36):
So, sure so we may take a long time to
get to the, answer BUT i promise for.
Speaker 3 (12:41):
That that's. Okay we're we're on a.
Speaker 2 (12:42):
Journey so one of the frustrating things is that there's
a narrative around entrepreneurship and entrepreneurs, right and entrepreneur has
to be somebody who wears a black turtleneck and a
hoodie and trapes Around Silicon, valley, Right and and the
idea of entrepreneurship in general is you think that you
(13:03):
have to ride the next great, trend that you have
to be this, unicorn you have to get all these fancy,
investors you have to live In Silicon, Valley boston Or
austin in order to actually become an entrepreneur and to
pursue these. Things so when you talk to a lot of,
people they, say you know What i'm gonna. Do i'm
going to create an app Or i'm going to TAKE
ai And i'm going to FIX. X, meanwhile they really
don't have any technical knowledge and they don't understand the.
(13:26):
Industry the best entrepreneurs in the world are the ones
who understand their customers the, best who understand the industry the.
Best so WHEN i talk to, students When i'm trying
to work through these concepts with, them we have to
understand who you are and what you. Know this is
almost like a capacity assessment or a resource. Assessment and
(13:49):
one of the WAYS i like to introduce this in the.
Class and it's a bit of an older, movie BUT
i think some people will remember. IT a Slum Dog
millionaire if you don't, recall there's a guy who comes
from a lower cast In, india, right and he goes
onto a game show and everybody doubts his ability to,
win and then they are shocked that he. Wins he
(14:10):
gets interrogated for, cheating he gets you, know, tortured all
of these, things and throughout the whole movie you see
that his entire life has prepared him for this game.
Show through various life, Experiences he's built the answers to the.
Questions it was just luck that these questions were asked
and he had these, experiences but it was drawing on
(14:30):
those life. Experiences so when you're working with our, students
when you're working with people in the, community the idea
is not to say go out and find a, hand you,
know with your hammer and go find a. Nail the
idea is, saying what tools DO i have in my
toolbox right? Now where CAN i go out and say
this is a, problem and here are the RESOURCES i
(14:50):
can draw upon and, listen here's an important point about.
Entrepreneurship it doesn't happen by. Yourself that happens with a. Team,
yes so not. Everybody he's going to be good at.
Everything so the important thing is. Honesty what AM i good?
At what AM i bad? At let me double down
on the good stuff and go find people who can
compliment my, shortcomings and let's build a team and get after.
Speaker 1 (15:10):
This, yeah, YEAH i just love. It so did you
tell us how that idea landed in your? Mind with
Slum Dog Being did you just watch the movie and
a little light bulb went, off like.
Speaker 2 (15:24):
Wow like how did that?
Speaker 3 (15:26):
HAPPEN i love this kind of.
Speaker 2 (15:28):
Stuff i'm a movie.
Speaker 3 (15:29):
Addict.
Speaker 2 (15:29):
Huh So my dad grew up In West, texas middle Of,
odessa and his family he worked in movie theaters growing.
Up so WHEN i grew up, there everything was a
quiz about who directed the sound of, music and we
had to watch these movies and he would tell me
stories About SO i just have a love of movies
(15:50):
and just have a recalled. Movie so EVERYTHING i do
either is in reference to you, KNOW i pulled the
most obscure quotes from the most obscure. Movies that's just
part of WHO i.
Speaker 3 (15:59):
Am.
Speaker 2 (15:59):
Yeah so WHEN i think about how to connect with
students or how to hit a relevant question in a contrarian,
WAY i usually go to movies to do.
Speaker 3 (16:08):
That OH i love. IT i love.
Speaker 1 (16:11):
It we could talk about we could talk about movies
all day long too as.
Speaker 3 (16:14):
Well. Yeah WELL i.
Speaker 1 (16:16):
Love that creativity that you that you brought to the
forefront there and applied it to what you're. Doing you
mentioned just a minute ago about, mentorship that you partner
that a mentor will be involved in this journey as.
Well so how does, that how does that? Work how
do you find the mentor? Mentors how do they find?
(16:38):
You can you tell us about some of the mentors
in your? Program, perhaps sure.
Speaker 2 (16:42):
SO i think mentorship is one of the crucial aspects
of entrepreneurial. Training and the reason is you can read
all you, want you can listen to stories all you,
want but you need somebody who's walked the journey to
help walk you through that. Journey not only do they
can they anticipate things that you'll run. Into not only
is their advice better than what you would get from
(17:04):
somebody who's never done, it but they have a higher
level of credibility anybody who comes, in particularly if you're
already more advanced in your, career you're going to be
a little skeptical of anybody who, says, WELL i learned
about this, once let me teach you about. It you
need somebody with some credibility who's done this before in
order for the lesson to really. Take, yeah so there's
(17:25):
a few. Mentors there's some mentors who are on my
radar WHO i want to become. Mentors. Yeah one of
the guys in the area who's just been a huge
champion of ours and a huge supporter of mine Since
i've been, here has been you, Know Robert. Peevey, yeah
and then you, know we Have Roy steinhagen And Anthony
george who are really they've been involved with the program
from a very early stage and they're going to be
(17:47):
integral success of. This but at the same, time if
you're out there and you've started something and you want
to help, veterans if you want to help other, Entrepreneurs
i've got an open. Call this is. It reach out to,
me let me. Know and this is really about you,
know making the time to help the next people come
up to share your, experience and you, know and in
(18:10):
sharing that, experience you're gonna make good. Connections but it's
also going TO i find WHEN i, teach a lot
of my blind spots are open to. Me, yep because
as soon AS i say, this you have to really
think through a lot of these challenges and you're, like,
OOH i kind of mess up. There maybe so it
makes you a better entrepreneur as.
Speaker 1 (18:30):
Well, yeah it. Does THAT'S i love that notion that
you every time you, teach you. Learn it's it's just
a it's a symbiotic. Relationship you, know you do you,
Do And Robert peeve specifically that you mentioned as you,
KNOW i, KNOW i Know. Robert i'm actually Think i'm
going to see him On saturday at an. Event he
(18:51):
was part of an event that we had not long
ago out At lamar where we had a panel of
local entrepreneurs that spoke to the real estate agent's specific
and we applied these entrepreneurship, principles or we had them
speak on entrepreneurship principles and how they might apply to
real estate, agents which was a huge. Success robert ended
(19:12):
up following. Up he had a, handout he gave out
prizes at the, end and it was a book that
he gave TO i think he picked three agents and
or that was a. Drawing and then he also followed
up with a mentorship with, them where he met with
them and talked to. Them And i'm just further giving
(19:32):
him a shout out BECAUSE i really appreciated what he
did and the.
Speaker 3 (19:35):
Realtors the realtors did as.
Speaker 2 (19:37):
WELL i would be interested to hear from that person's
experience of being mentored By Robert. Peevie, yeah but this
is somebody And i'll just continue to use some as
his example who really embraces the, idea because that's how
he got his. Start you, Know robert was working for you,
know he was servicing service, stations and he, said you,
(20:00):
KNOW i want to start a. Business and he went
into THE sba and Started he, SAYS i see this,
Franchise i'm going to start. It and he would read
all these entrepreneur magazines and go in and talk to THE. Sba,
finally THE sba director at the time, Said, robert what
do you do for a. Living he, said, WELL i
serve service. Stations he, said, well then start your business
there and he, said ah, ah and that's how that
that's that all.
Speaker 1 (20:19):
Started, yeah and he's had a tremendous amount of. Success you,
know As i'm sitting here, Thinking Dana simmons is a wonderful.
Entrepreneur she AND i have known each other for decades,
now and she has built a really successful business model
for real. Estate, so, Uh I'm i'm kind of putting
HER i will put on the spot, here but she
(20:40):
would be a good one to talk to about about
being in an being in that mentorship. Program she has
built a very unique business model in the real estate.
Community that's that's realized a lot a lot of.
Speaker 2 (20:53):
Success, Yeah and SO i met her for the first
time at in an event where IT'S i spoke actually
filling in for. You oh that's, right, Yeah oh that's,
right the event THAT i couldn't. Take, yeah, yeah, Yeah
SO i met her for the first. Time but you
mentioned something there that was really, important which was she
built an interesting. Model and this is a large part
(21:16):
that's missed on some. Entrepreneurs you don't have to build
a new. Thing you can just build a modification in
a new way of doing an existing. Thing you, know
if you can figure out a way to deliver more
value in a traditional, area that's an innovation that defines. Entrepreneurship,
yeah AND i believe that's exactly what she's.
Speaker 1 (21:37):
Done that's exactly what she's. Done And i'm glad you
got to meet, her and y'all will meet. Again i'm
going to make sure of. That i'm going to make
sure of. It we're going to take another quick break
and be right back with Mister Kyle. Scott wait before
we go for a, break your contact information.
Speaker 2 (21:54):
Sure so contact email is K scott K scott seventy
five At lamar dot. Edu or check this it's. Myself
please don't spam me on. It seven one three eight
zero five zero five eight one that's seven one three
eight zero five zero five eight.
Speaker 3 (22:10):
One.
Speaker 1 (22:10):
Great thank you for tuning in to The Dana Simmons
Real Estate. Show we'll be right. Back welcome back to
The Dana Simmons Real Estate. Show this Is Andy hemmings
With capitol title guest host for today AND i have
the pleasure of speaking with Mister Kyle scott From Lamar,
university From Lamar University Venture, center and we're talking about.
(22:33):
Entrepreneurship kyle is involved with fostering entrepreneurship not only With
Lamar university students but throughout the. Community and so we're
really going through What kyle brings and how he runs
The Venture. Center, So, Kyle i'm curious that let's take
(22:54):
it from a practical. Standpoint someone walks into your, office
they got five thousand dollars burning a hole in their,
pocket and they're ready to start a. Business how would
you advise them from? There what steps would you tell
them to take moving?
Speaker 2 (23:09):
Forward SO i, mean very, practically and if you want,
TO i can give you give away my five thousand
dollars business idea if you want, To, oh well you
got to. Now but you, know BUT i think it's
important to say all, right what's your, background what are
you good? At and we just kind of do a skills.
Assessment then we look around and, say, okay well who
do you? Know because you, know entrepreneurship is not a solo,
(23:33):
journey so what resources can we draw? Into then we
start asking about, well what's your passion's, on and then
we just create a matrix in order to align those.
Things but then we go out and, say, okay just
because you like, it just because you're good at, it
the question is are there any customers For so we
go out and we do a market. Assessment well what's
this area, Like, well if you're going to service outside
of this, area how are you going to get those?
Speaker 1 (23:53):
Customers so, okay And i'm sorry to stop you right,
there but how do you do a market? Assessment just,
briefly what's so high?
Speaker 2 (24:00):
Level there's a lot of free, resources whether IT'S us census,
data whether it's free resources through like handover research or
Gardener just to, say, okay If i'm going to sell
a product for ten thousand, dollars how many people have
the expendable income in order to buy? It, well you
can go out and look at average earnings in this
area ands find out what's the right market. Is if
(24:22):
you want to go into real, estate for, instance, well,
okay how many people are moving in versus moving? Out
that's all free. Data IF i want to start a coffee,
shop then the question, is, well let's go out and
just talk to some people on the street about what's
their daily behavior look. Like because your competition for the
coffee shop is not other coffee. Shops how many people
(24:44):
make their coffee at? Home and what would make them
pay you six dollars a?
Speaker 3 (24:47):
Cup that's a great.
Speaker 2 (24:48):
Point, yeah, YEAH i talk to people about this all the.
Time who want to start a car. Wash, listen your
competition is not another car, wash it's the guy with
the host in his.
Speaker 3 (24:57):
Driveway that's. Right that's.
Speaker 2 (24:59):
Right so it's being able to understand that market landscape
and exactly then what's your value? Proposition that, Is value
propositions are not. Features value proposition is something that makes
somebody willing to pay. You so if we think about,
this think if you made a car, company you make
a card that's identical to A. Hondai the only difference
(25:23):
is you paint it. Orange, well that's a. Feature that's
not a value, proposition, Right the question, is, well what
do people want out of their? Cars they want more fuel,
efficiency they want it to look. Good, well is your
car gon to have better fuel efficiency and look good as?
Well and as it can be a price point that
they're going to be willing to pay you. For that's
a value proposition that's different from a.
Speaker 1 (25:44):
Feature, yeah so there's a big difference between feature and.
Benefit you can talk about the, features but better follow it.
Speaker 3 (25:50):
Up with the. Benefit what is the? Benefit absolutely all?
Speaker 1 (25:53):
Right so they have this five thousand, dollars they come
into your, office you do a needs, analysis if you,
will some research on what is the, uh what's the
demand for that particular, product and what are what are
some what are some other steps beyond?
Speaker 2 (26:06):
That so most of the time people come in with an,
idea and my, idea my job initially is to just
be the grinch to poke as many holes in it
AS i can before we go. Forward why because my
services are, Free so let's make the mistakes in my
office before you go out and lose a whole bunch
of money out.
Speaker 1 (26:25):
There and how do you deal with the disappointment, that
no doubt people face when you are just beating the
crud out of their, idea because that's. Personal they've dreamt about.
It they have this grand vision and here you come
with your battle, axe hacking and slashing.
Speaker 3 (26:39):
For a good.
Speaker 1 (26:40):
Reason, yeah how do how do you handle their disappointment at?
Speaker 2 (26:45):
That so it's a lot like being a, parent because
you don't want them to leave being. Disappointed. SO i
don't know about, you BUT i have two kids who
could not be any more. Different yeah one, kid, MAN i.
COULD i could yell at this kid ground WHATEVER i
have to, do not going to face. Them IF i
looked at my other kid almost cross, eyed she would
break down at. Tears. Yeah, Yeah and so it's your
(27:07):
approach with them to let them know that you're there
to help them and be. Constructive some people need. That,
noah this ain't going to, work and here's. Why but
the ultimate objective is to allow them to come to
that conclusion on their. Own otherwise it's not going to.
Stick they're just going to leave their office and then
go make the.
Speaker 3 (27:22):
Mistakes, yeah but.
Speaker 2 (27:23):
There hasn't been a person who sat through that who
hadn't come back two or three weeks later and, said
you know, WHAT i talked to some other people BECAUSE
i didn't like what you, said and you were. Right
they said the same.
Speaker 3 (27:31):
Thing is that?
Speaker 2 (27:32):
AMAZING i, mean none of this is a. Secret everybody knows,
it but most people just don't want to confront the.
Speaker 1 (27:38):
Reality, yeah, yeah they get AND i think it's just
a human, tendency especially for those who are. Dreamers they're,
dreamers you, know entrepreneurs at their core, there most of
them are are dreamers and have a tendency to look
at the glass half full all the, time which is
good because it keeps you. Motivated but you got to
have that dose of reality in. There you, know it's the,
(28:00):
dreamers those people are. Great then it's, like, okay, well
you Know amazon just started out selling. Books they didn't
start off with what they, are so how are you
actually going to start? This and then you have the
engineers and the scientists who really only care about the,
invention and it's, like, well if it's just an, invention
that's just a. Hobby how can.
Speaker 2 (28:22):
We make this invention in such a way that people
actually want to pay you for? It and really that
question of who's going to pay you is a more
complicated question than it. Sounds people don't think about selling
to other. Businesses they don't think about developing within another.
Business they don't think about selling to. Government they. Don't
everybody thinks that they're just going to sell it to
(28:43):
the person on the, street and that's not the case
in Most.
Speaker 1 (28:47):
So you're opening, up not opening, up but you're informing
them that there's a lot of other ways that they
can make, money that they can deliver this.
Speaker 2 (28:56):
Product, absolutely the question is who is this? Valuable that's your.
Customer who is this valuable?
Speaker 3 (29:03):
To?
Speaker 1 (29:04):
Man if you can get a government, CONTRACT i guess
that's generally a good, thing, right. Absolutely, Yeah, well you
mentioned your five thousand dollars business, Idea so, listen those
of you tuning in, today this is a special. Bonus
get your notepad, out all, Right.
Speaker 2 (29:20):
Kyle, SO i don't think that you could actually complete
this with five thousand. Dollars but IF i have five
thousand dollars and somebody SAYS i have five K i
really want to work. Hard where DO i? Start so
if we do needs assessment In Southeast, texas we'll go
walk outside right? Now how many activities are you going
to do outside for about five months out of the
year if you have a little, kids everything super expensive
(29:42):
to go to and after you go to it once or,
twice it's. Boring right, now your kids are out of.
School if you have a stay at home, mom what's
she going to do with their kids all? Day there's
only so many times you can go to the same.
Playgroup there's only so long you can go to the
park or the splash. Pad so check this. Out it's not,
daycare it's mommy and kid. Care you come, up they
(30:05):
have registered daycare people on. Staff, meanwhile you're renting out
places that do, nails that do, hair that do, coffee
so the mom can spend two or three hours getting
pampered while the kid plays with a bunch of other.
Kids and you're not upfront much of the cost because
you're actually leasing the spaces for the. Mom your cost
is in the childcare. Professionals, okay, wow that's what you
(30:28):
heard it. Here, first somebody needs to run with. That
my wife, said do, that, yeah open that, now.
Speaker 3 (30:36):
That's a great. Idea that is a great.
Speaker 1 (30:38):
Idea AND i, KNOW i know you love coming up
with with those ideas and oh yeah, yeah because uh, yeah,
okay so somebody needs to run with. That when we see,
it open up we're going to know it started here,
first it started right.
Speaker 3 (30:50):
Here.
Speaker 1 (30:51):
Uh, now another thing that you AND i have talked
about is the notion of starting the starting your own
business or going and buying an existing. Business so let's
talk a little bit about, that about how that may
be actually a better opportunity for.
Speaker 3 (31:10):
Someone.
Speaker 2 (31:10):
Yeah, WELL i, mean let's start off with sort of
the moral. Imperative right In Southeast, texas we have a
lot of privately owned, businesses and they were started by
people who might be aging out of those businesses with
no clear succession. Plan maybe the kids don't want to,
buy maybe they just never thought about it until now
and they're ready to. Retire so there's an opportunity. Here
the news is covering this because it's a nationwide opportunity as.
Speaker 1 (31:33):
Well because of the aging, outregraphics.
Speaker 2 (31:37):
Because of the demographic.
Speaker 3 (31:38):
Shifts.
Speaker 2 (31:39):
Yeah so what we don't want to have happen is
for these businesses to get bought out by somebody In
dallas Or, chicago because then you lose that connection to the.
Community you lose that giving back, aspect that that part
THAT i talked, about that philanthro philanthropic heart that this community.
Has you lose that because these people aren't in the. Community,
(32:02):
now from a more practical, standpoint the most tenuous time
in starting a business is at the. Beginning in that first.
Year it is. Rough it is if you go into
a cash generating, business that risk has been starched. Out,
yeah now you're gonna pay a little bit of a
premium for, it but you're getting a turnkey. Operation and
(32:22):
a lot of times when you go in you can
negotiate that the owner stays on for a year or
two of training and you think to, yourself, oh, well
this business generates you, know three million dollars a year in.
Revenue i'm never going to be able to afford. It, well,
listen that's what THE sba is. For there's also creative
ways to do the financing where it's a owner finance.
(32:42):
Buyout there's also four people who own, businesses you can
create an employee buyout. Plan so there are a lot
of creative ways to go about. This where if you
don't have three million dollars sitting in your, BANK i get,
it not many people. Do there's still other options that
are via to go out and buy a, business and
you can walk in right, now be a business, owner
(33:05):
be your own employer day, one and know how to make.
Money your only decision is how AM i going to
make more?
Speaker 1 (33:11):
Money, yeah And i've personally seen that with two local.
Businesses One Bill, Clark, yeah that Was Bill, clark was
bought out by one of the. Employees they worked out a.
Plan and there's another. Place i'll go ahead and give
them a shout, OUT p AND M texico or IT'S
p AND. M it's an oil change place On. Dallin
i've been USING am for years and one of their
(33:32):
employees ended up buying, out ended up buying out the
previous owner and it's still highly highly. SUCCESSFUL i know
the new owner very well as. Well so, anyway that
is a GREAT i can be a great opportunity for
someone to come in and buy. Something you pay a,
premium like you, said but you're paying for the d.
RISKING i mean it's already the concept was. Improven you
(33:56):
just now need to take it, over run it and
improve and improve upon.
Speaker 3 (33:59):
It.
Speaker 2 (34:00):
ABSOLUTELY i mean who doesn't want to step in and, say,
hey you've been making money for twenty, years how ABOUT
i make some money for the next twenty. Years and
what's great is all of these hard early decisions have
already been, made so you have nothing but opportunity in
front of. You, yeah how AM i going to improve this?
Business AM i going to open another? Location AM i
going to introduce? Efficiencies AM i going to do some?
Rebranding there are so many ways that you can then
(34:22):
grow that business and really make it.
Speaker 3 (34:23):
Yours love, It love it.
Speaker 1 (34:25):
All, Right we're going to take another break and we'll
be right back here on The Dana Simmons Real Estate
show with Mister Kyle scott From Lamar University Venture. Center
we'll be right. Back welcome back to The Dana Simmons
Real Estate. Show this Is Andy hemmings With Capital, title
and thank you all so much for joining in and
listening to the.
Speaker 3 (34:43):
Show.
Speaker 1 (34:44):
Today we are back with Mister Kyle scott From Lamar
University Venture center talking about. Entrepreneurship And, KYLE i know
that just from my visiting you over At lamar and
working with both you And john from THE, Sba i'll
work together in some. Regards so tell us how The
(35:04):
Venture center AND sba work together in their daily.
Speaker 3 (35:09):
Business.
Speaker 2 (35:09):
Right, so first of, all even if we didn't want,
to we'd have to because we're both housing the daid
feel and building right, right.
Speaker 3 (35:17):
But like right down the hall for me, Toe. Yeah.
Speaker 2 (35:19):
Absolutely so you Know John, lee he's the director of THE.
Sbdc and for people who don't, know you have The
United States Small Business administration and under that they set
up what's called The Small Business Development centers and so
we have AN sbdc on our. Campus their task is
(35:40):
to help start small businesses in our. Community and the
primary thing that THE sbdc is known for is that
while they don't make, loans they guarantee eighty percent of a.
Loan so If i'm a business owner AND i go
to a, bank they're taking risk on. Me, well THE
sbdcd that by, saying, well if this person, defaults we
(36:02):
cover eighty percent of. That. Wow, right, Okay so that's
essentially what they. Do they AND i up to a,
point do the exact same, thing which is to try
to get people excited about entrepreneurship and try to help
business owners be more. Successful the only part in which
we diverge if they are a bankable. Business that is
(36:25):
the sbdc's. Expertise so when we get to the point
when they need money and they need a loan for that,
MONEY sbdc takes over if we get to a point
where it's an investable business that's not within the sbdc's,
purview and that's where The Venture center takes GOOD i
see up till that. POINT i, MEAN i may work
with some people more than, others they may have, expertise
(36:47):
but at the same time we are hand in glove
all the way up to that.
Speaker 1 (36:50):
Point, Gotcha, Okay well that's, yeah that's an interesting. Distinction
AND i do see how that dovetails together all towards
the same, end you.
Speaker 2 (36:59):
Know And i'm very fortunate because you can step into
a lot of situations and you see this rip apart
a lot of entrepreneurship ecosystems where a lot of people
want to be gatekeepers or they want to be. Territorial
i've been so lucky in That john AND i both
agree or rising tide lifts all. Boats so we work,
together whether it's you, know concurrent, programming whether it's promoting one,
(37:20):
another whether it's making, introductions whatever the case. Is you,
know THE sbdc AND i, agree this works better if
we work.
Speaker 1 (37:27):
Together, yeah what do you have any upcoming events or
specific activities for people to get involved?
Speaker 3 (37:34):
In, sure.
Speaker 2 (37:34):
Absolutely so you know last week the you, know tropical
storm that was not, right the campus had closed because
we thought that. Something so we have a rescheduled. Event,
okay so this will be On july twenty, eighth WHICH
i believe is A, tuesday that last week Of, july
from nine to ten, thirty and then it picks up
(37:56):
again from eleven to. Twelve and this is AN spa
workshop and resource. Panel so from nine thirty to Eleven i'm,
sorry nine thirty to ten thirty On july twenty. Eighth
this is for people who own a business and want
to learn how to grow it or sell, it or
it's for people looking to buy or start a. Business
(38:18):
that's what that first panel. For then the second panel
is specifically for. Lenders here's how to work with AN.
Sba here are the loan options that we will underwrite for.
You so it's two separate. Panels you can go to,
both you can go to, either but it's designed for
people either the lenders in our community or for the
people who want to start a business in our. Community
(38:39):
what a great.
Speaker 1 (38:39):
Opportunity, absolutely and you Said july twenty, Eighth.
Speaker 2 (38:43):
Yes, Tuesday july twenty, eighth in the morning and it's
going to be at The Dad Feeling building which is
Five oho nine to One Rolf Christopher. Drive so it's
right on the outskirts of, campus free, parking really, open
really easy to. Find and this is another thing where
The Venture center is jumping on helping to promote. It we're,
gonna you, know he get, speakers all the good stuff
so that we can both. Benefit not so we can,
(39:06):
benefit but so that the community can.
Speaker 1 (39:08):
Benefit, Right, YEAH i love, that AND i need to
get to THE i need to get that information SO
i can share it through my channels as, well because
it sounds like it's open to the.
Speaker 3 (39:18):
Community correct one hundred.
Speaker 2 (39:20):
Percent this IS i think the largest misconception of The Venture,
center and it's BECAUSE i am On i'm an employee
Of Lamar university And i'm based At lamar's campus That
i'm just there building programs for. Students students is one
third of the population That i'm charged with. Serving the
other third is faculty and. Staff but really my mandate
(39:42):
is to build economic prosperity and opportunities Out South East.
Texas love, it which means the community is my largest
and maybe most influential.
Speaker 1 (39:51):
Constituency, yeah, YEAH i think that is a misconception that
one would naturally have since you worked For lamar. H
you're Serving lamar that, is that's, fantastic that you're serving
beyond that here here to benefit the whole, community which is.
Good like you, said rising tide lifts all.
Speaker 2 (40:08):
Boats, yeah you, know you know none of us well
at LEAST i, Know but none of us in the
entrepreneurship world who work with universities want to be stuck
inside the ivory, tower. Right the life happens outside.
Speaker 3 (40:22):
And that the. Truth that is the.
Speaker 1 (40:24):
Truth, Okay so BEFORE i, forget tell us again how
they can how someone can get in touch with.
Speaker 3 (40:30):
You?
Speaker 2 (40:30):
Sure so my email IS K SCOTT K S C O.
T t seventy four At lamar dot edu and my
cell is seven one three eight zero five zero five eight.
Speaker 3 (40:40):
One, okay, perfect it's a.
Speaker 1 (40:42):
Yes if you need to get in touch with, them
feel you, know be sure to reach. Out and we
have another event that we're personally working on together in
conjunction With we've Got. Elton Elton hollis is going to
be involved as. Well he's kind of. Shy we're trying
to get All elton out of his trying to get
him out of his. Ship and so we're looking at
(41:02):
putting that together in Late, august and there'll be more
announcements for that coming, up and that's just another event
to further push the message of entrepreneurship out.
Speaker 3 (41:13):
There.
Speaker 1 (41:14):
Yeah, Absolutely so any final words you have out there
for the community listening on entrepreneurship in, general or some
words of encouragement or words of, wisdom.
Speaker 2 (41:24):
You, KNOW i Think i'm going to start back where we.
Started let's think, about you, know what we have coming
up a week From, saturday which is our nation two
hundred and fiftieth anniversary of our nation's. Birth let's think
about what it took to get us to this, point
about work, ethic about, sacrifice and think about our veterans
and just outside the entrepreneurship. Concept if you see somebody's
(41:46):
been in, service make sure to thank them for what they've.
Speaker 3 (41:48):
Done.
Speaker 1 (41:48):
Yeah what a great message and a very timely. Message and,
yeah thank you for sharing.
Speaker 3 (41:53):
That.
Speaker 1 (41:54):
Well, everyone we'd really appreciate you tuning in.
Speaker 3 (41:57):
Today.
Speaker 1 (41:57):
Dana thank you so much for allowing me to host
your show once. Again you're just such a benefit to
the community and To capital title and to me and my.
Family so thank you for everything that you. Do Danu,
kyle thank you again for joining us today and, listen,
everybody have a great weekend out, there go hug, go
spend some time with your, family spend some time, outside
(42:19):
enjoy this, beautiful beautiful country of. Ours this Is Andy
hemmings with capital, title and thank you for tuning, In
thanks for having me
Hello everyone, and welcome to the Dana Simmons Real Estate Show.
My name is Andy Hemmings. I'm the guest host today
hosting for Dana. I'm with Capital Title of Southeast Texas
and we close real estate transactions. Dana is kind enough
to allow me to come in and host on occasion. Dana,
we appreciate you everything you do for the real estate
(00:24):
community and beyond. Today, we have a guest that we've
had here before some time back, and I'm so glad
to have him back here again, mister Kyle Scott from
Laura University, and he is over the Venture Center at
Lamar University and he's in charge of entrepreneurship studies at Lamar.
So he's really making an impact in our community to
(00:46):
help foster entrepreneurship in our youth and across the community.
And Kyle, we're so happy with what you're doing here
and it's a pleasure to have you back.
Speaker 2 (00:55):
Yeah, it's great to be back. Third time to charm
I might actually do a good job this time.
Speaker 3 (01:01):
You always do a wonderful job.
Speaker 1 (01:02):
I love your creativity, I love your passion for what
you do. And they have the right man for the
job there at Lamar. Just real quickly, just for those
that may not know you, give just a brief background
on your history and how you came to join Lamar University.
Speaker 2 (01:18):
Sure, thanks, and you know, thanks again for having me.
This is I think perfect because in one week we're
going to be celebrating our country's two hundred and fiftieth anniversary. Yes,
And of all the things we have to be thankful for,
one of those things that we have to be thankful
for in order, you know, to have the opportunity to
(01:39):
live in this country, is you get to make the
life you want and to define your future. Yes, which
is the very essence of entrepreneurship. If you have the grit,
the termination and the work ethic, you can become whatever
you want to be. And that's what we're trying to
build at Lamar University. You know, I come from an
academic background. I started as a middle school teacher, in
(01:59):
a high school teacher till I realized I was not
tough enough for middle schoolers. And then you know, I
went back to school, received my PhD in political science
and tried the academic journey. But then because family matters happen,
life happens, I embarked upon my own entrepreneurial journey for
the next sixteen years. And you know, I've been blessed
to be able to re enter Academy in this capacity
(02:21):
and build upon that diversity of experience in my background
to really help grow economic opportunity here in Southeast Texas.
Speaker 1 (02:29):
Yeah, well that's I love your story, I love your history.
I love what you bring into the community. Just some
fresh experience, some new eyes, you know, and some new energy,
some new ideas, and so once again, just so glad
to have you here with us now. Since you've come
on board with LAMAR and into our community, you've been busy, man,
(02:52):
You've been busy. I keep up with you on LinkedIn
and elsewhere. We stay in touch, but here, most recently,
you're embarking on a new initiative, and that is working
with veterans in entrepreneurship, which I think is one just
such a wonderful idea and a wonderful service to our
service members and our community. Tell us about specifically how
(03:16):
you're addressing entrepreneurship with veterans, and beyond that, how you
see their experience as veterans dovetailing in to entrepreneurship.
Speaker 2 (03:26):
Absolutely, So, you're right. We have been busy because we're
essentially running a startup here, and in a startup, it's
all about experimentation. What's going to work, what's not going
to work. You just kind of throw it at the
wall and sees to see what sticks right. And you know,
I've been here about a year now, and that gives
you enough time to understand the landscape and the needs
(03:46):
and the opportunities in the area. You can come in
from the outside with all these wonderful ideas, but if
it's not something the community wants or needs, it doesn't matter.
You cannot impose what you want to do in a community.
I am here. Entrepreneurs are there to be of service
to the community, and so we look at this idea
of service. We look at this idea of what the
(04:07):
community needs or what it's after. And this is a
very philanthropic, caring community. It's a community with a you know,
a group of people who love to give back. And
when you think, in partnering that with the idea of service,
who's given more than our service members?
Speaker 3 (04:25):
That's right, right.
Speaker 2 (04:26):
So this is a tough economy for all, we get it.
It's tough to be an earner in this economy, right,
this is an owner economy. Whether it's your side hustle,
whether you're flipping houses on the side, whether you're just
running a food truck on the side, you need to
find a way to get yourself into the owner economy.
Speaker 1 (04:46):
Okay, that's a that's an important distinction there, earner versus owner.
Speaker 2 (04:51):
Yeah, absolutely, yeah. You know, until you start signing the
front of the checks and move away from signing the
back of the checks, you're going to be at somebody
else's mercy, really be at the whim of the economy
at large. As soon as you become an owner or
at least partake in that alongside whatever your earner job is,
you know you need to take this allows you to
(05:13):
take ownership for your life, to provide opportunity for you
and your family. So we think about our service members.
They come with a wide range of skills. It's dedication,
it's work ethic, it's loyalty, it's sacrifice, all of the
things that go into building a thriving enterprise. So how
(05:33):
can we take these innate skills that they have, that
they've learned over time and demonstrated over time that don't
necessarily map onto a resume, which means they have barriers
to entry to the traditional workforce. So let's go ahead
and work with them so that they can build that
business for themselves. And I really think that with the
number of active duty service members and their spouses and
(05:56):
the number of veterans and their spouses that we have
in this community, that we have a large population that
we can serve.
Speaker 1 (06:01):
Yeah, so how is this initiative taking place? So how
are you reaching out to veterans? How do they contact you?
What happens when they get implemented into your system? Kind
of walk us through the cycle.
Speaker 2 (06:17):
Yeah, absolutely, So this is brand new.
Speaker 1 (06:20):
Okay, we're on the front end here.
Speaker 2 (06:22):
We don't even have a logo for it yet.
Speaker 3 (06:24):
Okay, okay, okay.
Speaker 2 (06:26):
But the idea is that we're going to run three
eight week sessions through the course of the yearkay. And
through those eight weeks, you're going to come in, You're
going to receive mentorship from established entrepreneur in the area.
You are going to go through a curriculum with weekly
benchmarks to where you will work with your group individually
on your business plan. If you don't have an idea,
(06:49):
but you think you might want to be an entrepreneur, Well,
there's going to be a week for that, and we're
going to take you all the way to pitch. So
this is not going to be an investor pitch, but
it's going to be a pitch where you will receive
prize money for completing the program.
Speaker 1 (07:02):
So the veterans themselves can receive prize money for completing
the program absolutely.
Speaker 2 (07:06):
Now the exact dollar amounts hasn't been set yet, sure,
but it's going to be anywhere from depending upon where
you finished, from one thousand to five thousand dollars to
get you stuck.
Speaker 3 (07:15):
It's exciting.
Speaker 2 (07:16):
And what's different about this from regular pitch competitions is
because it's prize money, nobody has any ownership of your
company right now. You can go out and get lenders
and get investors later on once you're at that point, but
this is that first seed funding that nobody else has
a stake in your claim. But you get to use
(07:36):
this money to go out and really start building it.
Over that eight weeks, you're going to build a lot,
But it does take some money to file that LLC
to go ahead and sign that first lease. Whatever the
case is, maybe if you want to use it for childcare,
transportation costs. The money is you worshould do with what
you want, so long as since you're pursuing that entrepreneurial dream.
Speaker 1 (07:55):
Yeah, oh I love it and how do okay? So
have y'all started reaching out?
Speaker 3 (08:01):
Ye?
Speaker 1 (08:01):
Are y'all taking applicants yet or just still building it?
Speaker 2 (08:04):
We are not taking applicants yet. So a strategy is this.
We have a lot of groups in this community that
serve veterans. They offer, you know, everything for mental health
to helping you through the VA, those sorts of things.
So we will use those in Part two as our
reach out efforts, but we don't We want to be
(08:24):
a sort of a hub of a lot of these
activities and that if you come to us and you're
a veteran who needs help with X, well we're helping
you with building a business. We know who to connect
you with if you also need help with X. Right,
So we want to make sure we have those connections.
And there's a gentleman who works, Mike Barfield with the
(08:45):
Lamar University Foundation, who's a veteran himself, and he's really
been supportive of this initiative and is helping us get
out there, raise the money that we need and connecting
with those with those organizations in the community.
Speaker 3 (08:58):
Yeah.
Speaker 1 (08:59):
Well, I've I've been to your pitch competition before, which
was it was students. It was it was the students
that you that you have. So it sounds like what
you've taken is you've just taken that same model and
now you're just applying it to the community and specifically
the veterans in the community. Are there any differences between
maybe the pitch competition that I attended and kind of
(09:21):
how the one with the veterans is going to look?
Speaker 2 (09:24):
Sure, so the one you attended with students. Students love
the newest and brightest things, right, we can talk about
that all day long. And why that's an error? Yeah, yeah,
you know, it's it's all AI.
Speaker 3 (09:37):
This.
Speaker 2 (09:37):
I'm going to solve healthcare for AI. I'm going to
do mental health with an app. It's like, do you
know anything about mental health or app? But for this,
we want to talk about a a business that you
can open up right here in Southeast Texas, you know.
So they will be more traditional businesses. Maybe some of
them are super innovative, and that's fine, but also with
(09:58):
the students they were going through class, says, They've been
coming to see me get some mentorship. But this is
going to be a structured eight week program where we
take you soup to nuts. Yeah, it's a commitment. Now
you're going to be able to work your other job
and do your other commitments. But this is going to
be a structured program, and we're going to make sure
that you succeed.
Speaker 3 (10:16):
Man. I love it.
Speaker 1 (10:17):
Yeah, And I would think that the you know, i'll
call it your your clientele, your participants in the program
from you know, kind of comparing and contrasting a student
versus a veteran. They're coming with real life experience, a
whole different perspective than a starry eyed student, right, And
so as such, it's going to eat, it's going to
(10:39):
evolve and unfold differently. For that reason, it will.
Speaker 2 (10:42):
I mean, the younger you are, the more you want
to tell me about the way the world should work.
More man, boy, the more experience you have, the more
you know about the way the world does work, and
you're able to adapt and apply that knowledge.
Speaker 1 (10:55):
That's excellent. All right, Okay, this is excellent. We are
going to come right back. We're going to take a
quick break and come right back with mister Kyle Scott
from the Lamar University Venture Center. This is Andy Hemmings
guest host today from Capital Title. We'll be right back.
Welcome back to the Dana Simmons Real Estate Show. This
is Andy Hemmings guest host today with Capital Title. Capital Title.
(11:18):
We have five area offices to take care of any
of your real estate transactions. We're in Beaumont, Lumberton, orange Port,
Arthur and Crystal Beach and we work with buyers, sellers,
real estate agents, developers, investors. We are here to close
any of your real estate transactions. Feel free to give
me a call with any of your title needs. Four
(11:41):
nine six' five eight three six nine. Five we are
back here with Mister Kyle scott From Lamar. University And,
kyle what we were just talking about was the program that
you have in working with veterans that you're launching there
At lamar and some of the differences that they that
they bring to the, table right and. So and one
(12:03):
of those differences is having that you know that that life,
experience and you've talked about this in some of your.
Articles also that one of the, well i'll call it
a mistake or maybe misunderstandings of. Entrepreneurs they start their
journey with the wrong, mindset, Right and you teach that
a lot in your. Classes so tell us, about uh
(12:25):
that the what you see as the correct mindset that
you should bring to that one should approach. Entrepreneurship and
then you know maybe how veterans themselves fall into that
model more.
Speaker 2 (12:36):
So, sure so we may take a long time to
get to the, answer BUT i promise for.
Speaker 3 (12:41):
That that's. Okay we're we're on a.
Speaker 2 (12:42):
Journey so one of the frustrating things is that there's
a narrative around entrepreneurship and entrepreneurs, right and entrepreneur has
to be somebody who wears a black turtleneck and a
hoodie and trapes Around Silicon, valley, Right and and the
idea of entrepreneurship in general is you think that you
(13:03):
have to ride the next great, trend that you have
to be this, unicorn you have to get all these fancy,
investors you have to live In Silicon, Valley boston Or
austin in order to actually become an entrepreneur and to
pursue these. Things so when you talk to a lot of,
people they, say you know What i'm gonna. Do i'm
going to create an app Or i'm going to TAKE
ai And i'm going to FIX. X, meanwhile they really
don't have any technical knowledge and they don't understand the.
(13:26):
Industry the best entrepreneurs in the world are the ones
who understand their customers the, best who understand the industry the.
Best so WHEN i talk to, students When i'm trying
to work through these concepts with, them we have to
understand who you are and what you. Know this is
almost like a capacity assessment or a resource. Assessment and
(13:49):
one of the WAYS i like to introduce this in the.
Class and it's a bit of an older, movie BUT
i think some people will remember. IT a Slum Dog
millionaire if you don't, recall there's a guy who comes
from a lower cast In, india, right and he goes
onto a game show and everybody doubts his ability to,
win and then they are shocked that he. Wins he
(14:10):
gets interrogated for, cheating he gets you, know, tortured all
of these, things and throughout the whole movie you see
that his entire life has prepared him for this game.
Show through various life, Experiences he's built the answers to the.
Questions it was just luck that these questions were asked
and he had these, experiences but it was drawing on
(14:30):
those life. Experiences so when you're working with our, students
when you're working with people in the, community the idea
is not to say go out and find a, hand you,
know with your hammer and go find a. Nail the
idea is, saying what tools DO i have in my
toolbox right? Now where CAN i go out and say
this is a, problem and here are the RESOURCES i
(14:50):
can draw upon and, listen here's an important point about.
Entrepreneurship it doesn't happen by. Yourself that happens with a. Team,
yes so not. Everybody he's going to be good at.
Everything so the important thing is. Honesty what AM i good?
At what AM i bad? At let me double down
on the good stuff and go find people who can
compliment my, shortcomings and let's build a team and get after.
Speaker 1 (15:10):
This, yeah, YEAH i just love. It so did you
tell us how that idea landed in your? Mind with
Slum Dog Being did you just watch the movie and
a little light bulb went, off like.
Speaker 2 (15:24):
Wow like how did that?
Speaker 3 (15:26):
HAPPEN i love this kind of.
Speaker 2 (15:28):
Stuff i'm a movie.
Speaker 3 (15:29):
Addict.
Speaker 2 (15:29):
Huh So my dad grew up In West, texas middle Of,
odessa and his family he worked in movie theaters growing.
Up so WHEN i grew up, there everything was a
quiz about who directed the sound of, music and we
had to watch these movies and he would tell me
stories About SO i just have a love of movies
(15:50):
and just have a recalled. Movie so EVERYTHING i do
either is in reference to you, KNOW i pulled the
most obscure quotes from the most obscure. Movies that's just
part of WHO i.
Speaker 3 (15:59):
Am.
Speaker 2 (15:59):
Yeah so WHEN i think about how to connect with
students or how to hit a relevant question in a contrarian,
WAY i usually go to movies to do.
Speaker 3 (16:08):
That OH i love. IT i love.
Speaker 1 (16:11):
It we could talk about we could talk about movies
all day long too as.
Speaker 3 (16:14):
Well. Yeah WELL i.
Speaker 1 (16:16):
Love that creativity that you that you brought to the
forefront there and applied it to what you're. Doing you
mentioned just a minute ago about, mentorship that you partner
that a mentor will be involved in this journey as.
Well so how does, that how does that? Work how
do you find the mentor? Mentors how do they find?
(16:38):
You can you tell us about some of the mentors
in your? Program, perhaps sure.
Speaker 2 (16:42):
SO i think mentorship is one of the crucial aspects
of entrepreneurial. Training and the reason is you can read
all you, want you can listen to stories all you,
want but you need somebody who's walked the journey to
help walk you through that. Journey not only do they
can they anticipate things that you'll run. Into not only
is their advice better than what you would get from
(17:04):
somebody who's never done, it but they have a higher
level of credibility anybody who comes, in particularly if you're
already more advanced in your, career you're going to be
a little skeptical of anybody who, says, WELL i learned
about this, once let me teach you about. It you
need somebody with some credibility who's done this before in
order for the lesson to really. Take, yeah so there's
(17:25):
a few. Mentors there's some mentors who are on my
radar WHO i want to become. Mentors. Yeah one of
the guys in the area who's just been a huge
champion of ours and a huge supporter of mine Since
i've been, here has been you, Know Robert. Peevey, yeah
and then you, know we Have Roy steinhagen And Anthony
george who are really they've been involved with the program
from a very early stage and they're going to be
(17:47):
integral success of. This but at the same, time if
you're out there and you've started something and you want
to help, veterans if you want to help other, Entrepreneurs
i've got an open. Call this is. It reach out to,
me let me. Know and this is really about you,
know making the time to help the next people come
up to share your, experience and you, know and in
(18:10):
sharing that, experience you're gonna make good. Connections but it's
also going TO i find WHEN i, teach a lot
of my blind spots are open to. Me, yep because
as soon AS i say, this you have to really
think through a lot of these challenges and you're, like,
OOH i kind of mess up. There maybe so it
makes you a better entrepreneur as.
Speaker 1 (18:30):
Well, yeah it. Does THAT'S i love that notion that
you every time you, teach you. Learn it's it's just
a it's a symbiotic. Relationship you, know you do you,
Do And Robert peeve specifically that you mentioned as you,
KNOW i, KNOW i Know. Robert i'm actually Think i'm
going to see him On saturday at an. Event he
(18:51):
was part of an event that we had not long
ago out At lamar where we had a panel of
local entrepreneurs that spoke to the real estate agent's specific
and we applied these entrepreneurship, principles or we had them
speak on entrepreneurship principles and how they might apply to
real estate, agents which was a huge. Success robert ended
(19:12):
up following. Up he had a, handout he gave out
prizes at the, end and it was a book that
he gave TO i think he picked three agents and
or that was a. Drawing and then he also followed
up with a mentorship with, them where he met with
them and talked to. Them And i'm just further giving
(19:32):
him a shout out BECAUSE i really appreciated what he
did and the.
Speaker 3 (19:35):
Realtors the realtors did as.
Speaker 2 (19:37):
WELL i would be interested to hear from that person's
experience of being mentored By Robert. Peevie, yeah but this
is somebody And i'll just continue to use some as
his example who really embraces the, idea because that's how
he got his. Start you, Know robert was working for you,
know he was servicing service, stations and he, said you,
(20:00):
KNOW i want to start a. Business and he went
into THE sba and Started he, SAYS i see this,
Franchise i'm going to start. It and he would read
all these entrepreneur magazines and go in and talk to THE. Sba,
finally THE sba director at the time, Said, robert what
do you do for a. Living he, said, WELL i
serve service. Stations he, said, well then start your business
there and he, said ah, ah and that's how that
that's that all.
Speaker 1 (20:19):
Started, yeah and he's had a tremendous amount of. Success you,
know As i'm sitting here, Thinking Dana simmons is a wonderful.
Entrepreneur she AND i have known each other for decades,
now and she has built a really successful business model
for real. Estate, so, Uh I'm i'm kind of putting
HER i will put on the spot, here but she
(20:40):
would be a good one to talk to about about
being in an being in that mentorship. Program she has
built a very unique business model in the real estate.
Community that's that's realized a lot a lot of.
Speaker 2 (20:53):
Success, Yeah and SO i met her for the first
time at in an event where IT'S i spoke actually
filling in for. You oh that's, right, Yeah oh that's,
right the event THAT i couldn't. Take, yeah, yeah, Yeah
SO i met her for the first. Time but you
mentioned something there that was really, important which was she
built an interesting. Model and this is a large part
(21:16):
that's missed on some. Entrepreneurs you don't have to build
a new. Thing you can just build a modification in
a new way of doing an existing. Thing you, know
if you can figure out a way to deliver more
value in a traditional, area that's an innovation that defines. Entrepreneurship,
yeah AND i believe that's exactly what she's.
Speaker 1 (21:37):
Done that's exactly what she's. Done And i'm glad you
got to meet, her and y'all will meet. Again i'm
going to make sure of. That i'm going to make
sure of. It we're going to take another quick break
and be right back with Mister Kyle. Scott wait before
we go for a, break your contact information.
Speaker 2 (21:54):
Sure so contact email is K scott K scott seventy
five At lamar dot. Edu or check this it's. Myself
please don't spam me on. It seven one three eight
zero five zero five eight one that's seven one three
eight zero five zero five eight.
Speaker 3 (22:10):
One.
Speaker 1 (22:10):
Great thank you for tuning in to The Dana Simmons
Real Estate. Show we'll be right. Back welcome back to
The Dana Simmons Real Estate. Show this Is Andy hemmings
With capitol title guest host for today AND i have
the pleasure of speaking with Mister Kyle scott From Lamar,
university From Lamar University Venture, center and we're talking about.
(22:33):
Entrepreneurship kyle is involved with fostering entrepreneurship not only With
Lamar university students but throughout the. Community and so we're
really going through What kyle brings and how he runs
The Venture. Center, So, Kyle i'm curious that let's take
(22:54):
it from a practical. Standpoint someone walks into your, office
they got five thousand dollars burning a hole in their,
pocket and they're ready to start a. Business how would
you advise them from? There what steps would you tell
them to take moving?
Speaker 2 (23:09):
Forward SO i, mean very, practically and if you want,
TO i can give you give away my five thousand
dollars business idea if you want, To, oh well you
got to. Now but you, know BUT i think it's
important to say all, right what's your, background what are
you good? At and we just kind of do a skills.
Assessment then we look around and, say, okay well who
do you? Know because you, know entrepreneurship is not a solo,
(23:33):
journey so what resources can we draw? Into then we
start asking about, well what's your passion's, on and then
we just create a matrix in order to align those.
Things but then we go out and, say, okay just
because you like, it just because you're good at, it
the question is are there any customers For so we
go out and we do a market. Assessment well what's
this area, Like, well if you're going to service outside
of this, area how are you going to get those?
Speaker 1 (23:53):
Customers so, okay And i'm sorry to stop you right,
there but how do you do a market? Assessment just,
briefly what's so high?
Speaker 2 (24:00):
Level there's a lot of free, resources whether IT'S us census,
data whether it's free resources through like handover research or
Gardener just to, say, okay If i'm going to sell
a product for ten thousand, dollars how many people have
the expendable income in order to buy? It, well you
can go out and look at average earnings in this
area ands find out what's the right market. Is if
(24:22):
you want to go into real, estate for, instance, well,
okay how many people are moving in versus moving? Out
that's all free. Data IF i want to start a coffee,
shop then the question, is, well let's go out and
just talk to some people on the street about what's
their daily behavior look. Like because your competition for the
coffee shop is not other coffee. Shops how many people
(24:44):
make their coffee at? Home and what would make them
pay you six dollars a?
Speaker 3 (24:47):
Cup that's a great.
Speaker 2 (24:48):
Point, yeah, YEAH i talk to people about this all the.
Time who want to start a car. Wash, listen your
competition is not another car, wash it's the guy with
the host in his.
Speaker 3 (24:57):
Driveway that's. Right that's.
Speaker 2 (24:59):
Right so it's being able to understand that market landscape
and exactly then what's your value? Proposition that, Is value
propositions are not. Features value proposition is something that makes
somebody willing to pay. You so if we think about,
this think if you made a car, company you make
a card that's identical to A. Hondai the only difference
(25:23):
is you paint it. Orange, well that's a. Feature that's
not a value, proposition, Right the question, is, well what
do people want out of their? Cars they want more fuel,
efficiency they want it to look. Good, well is your
car gon to have better fuel efficiency and look good as?
Well and as it can be a price point that
they're going to be willing to pay you. For that's
a value proposition that's different from a.
Speaker 1 (25:44):
Feature, yeah so there's a big difference between feature and.
Benefit you can talk about the, features but better follow it.
Speaker 3 (25:50):
Up with the. Benefit what is the? Benefit absolutely all?
Speaker 1 (25:53):
Right so they have this five thousand, dollars they come
into your, office you do a needs, analysis if you,
will some research on what is the, uh what's the
demand for that particular, product and what are what are
some what are some other steps beyond?
Speaker 2 (26:06):
That so most of the time people come in with an,
idea and my, idea my job initially is to just
be the grinch to poke as many holes in it
AS i can before we go. Forward why because my
services are, Free so let's make the mistakes in my
office before you go out and lose a whole bunch
of money out.
Speaker 1 (26:25):
There and how do you deal with the disappointment, that
no doubt people face when you are just beating the
crud out of their, idea because that's. Personal they've dreamt about.
It they have this grand vision and here you come
with your battle, axe hacking and slashing.
Speaker 3 (26:39):
For a good.
Speaker 1 (26:40):
Reason, yeah how do how do you handle their disappointment at?
Speaker 2 (26:45):
That so it's a lot like being a, parent because
you don't want them to leave being. Disappointed. SO i
don't know about, you BUT i have two kids who
could not be any more. Different yeah one, kid, MAN i.
COULD i could yell at this kid ground WHATEVER i
have to, do not going to face. Them IF i
looked at my other kid almost cross, eyed she would
break down at. Tears. Yeah, Yeah and so it's your
(27:07):
approach with them to let them know that you're there
to help them and be. Constructive some people need. That,
noah this ain't going to, work and here's. Why but
the ultimate objective is to allow them to come to
that conclusion on their. Own otherwise it's not going to.
Stick they're just going to leave their office and then
go make the.
Speaker 3 (27:22):
Mistakes, yeah but.
Speaker 2 (27:23):
There hasn't been a person who sat through that who
hadn't come back two or three weeks later and, said
you know, WHAT i talked to some other people BECAUSE
i didn't like what you, said and you were. Right
they said the same.
Speaker 3 (27:31):
Thing is that?
Speaker 2 (27:32):
AMAZING i, mean none of this is a. Secret everybody knows,
it but most people just don't want to confront the.
Speaker 1 (27:38):
Reality, yeah, yeah they get AND i think it's just
a human, tendency especially for those who are. Dreamers they're,
dreamers you, know entrepreneurs at their core, there most of
them are are dreamers and have a tendency to look
at the glass half full all the, time which is
good because it keeps you. Motivated but you got to
have that dose of reality in. There you, know it's the,
(28:00):
dreamers those people are. Great then it's, like, okay, well
you Know amazon just started out selling. Books they didn't
start off with what they, are so how are you
actually going to start? This and then you have the
engineers and the scientists who really only care about the,
invention and it's, like, well if it's just an, invention
that's just a. Hobby how can.
Speaker 2 (28:22):
We make this invention in such a way that people
actually want to pay you for? It and really that
question of who's going to pay you is a more
complicated question than it. Sounds people don't think about selling
to other. Businesses they don't think about developing within another.
Business they don't think about selling to. Government they. Don't
everybody thinks that they're just going to sell it to
(28:43):
the person on the, street and that's not the case
in Most.
Speaker 1 (28:47):
So you're opening, up not opening, up but you're informing
them that there's a lot of other ways that they
can make, money that they can deliver this.
Speaker 2 (28:56):
Product, absolutely the question is who is this? Valuable that's your.
Customer who is this valuable?
Speaker 3 (29:03):
To?
Speaker 1 (29:04):
Man if you can get a government, CONTRACT i guess
that's generally a good, thing, right. Absolutely, Yeah, well you
mentioned your five thousand dollars business, Idea so, listen those
of you tuning in, today this is a special. Bonus
get your notepad, out all, Right.
Speaker 2 (29:20):
Kyle, SO i don't think that you could actually complete
this with five thousand. Dollars but IF i have five
thousand dollars and somebody SAYS i have five K i
really want to work. Hard where DO i? Start so
if we do needs assessment In Southeast, texas we'll go
walk outside right? Now how many activities are you going
to do outside for about five months out of the
year if you have a little, kids everything super expensive
(29:42):
to go to and after you go to it once or,
twice it's. Boring right, now your kids are out of.
School if you have a stay at home, mom what's
she going to do with their kids all? Day there's
only so many times you can go to the same.
Playgroup there's only so long you can go to the
park or the splash. Pad so check this. Out it's not,
daycare it's mommy and kid. Care you come, up they
(30:05):
have registered daycare people on. Staff, meanwhile you're renting out
places that do, nails that do, hair that do, coffee
so the mom can spend two or three hours getting
pampered while the kid plays with a bunch of other.
Kids and you're not upfront much of the cost because
you're actually leasing the spaces for the. Mom your cost
is in the childcare. Professionals, okay, wow that's what you
(30:28):
heard it. Here, first somebody needs to run with. That
my wife, said do, that, yeah open that, now.
Speaker 3 (30:36):
That's a great. Idea that is a great.
Speaker 1 (30:38):
Idea AND i, KNOW i know you love coming up
with with those ideas and oh yeah, yeah because uh, yeah,
okay so somebody needs to run with. That when we see,
it open up we're going to know it started here,
first it started right.
Speaker 3 (30:50):
Here.
Speaker 1 (30:51):
Uh, now another thing that you AND i have talked
about is the notion of starting the starting your own
business or going and buying an existing. Business so let's
talk a little bit about, that about how that may
be actually a better opportunity for.
Speaker 3 (31:10):
Someone.
Speaker 2 (31:10):
Yeah, WELL i, mean let's start off with sort of
the moral. Imperative right In Southeast, texas we have a
lot of privately owned, businesses and they were started by
people who might be aging out of those businesses with
no clear succession. Plan maybe the kids don't want to,
buy maybe they just never thought about it until now
and they're ready to. Retire so there's an opportunity. Here
the news is covering this because it's a nationwide opportunity as.
Speaker 1 (31:33):
Well because of the aging, outregraphics.
Speaker 2 (31:37):
Because of the demographic.
Speaker 3 (31:38):
Shifts.
Speaker 2 (31:39):
Yeah so what we don't want to have happen is
for these businesses to get bought out by somebody In
dallas Or, chicago because then you lose that connection to the.
Community you lose that giving back, aspect that that part
THAT i talked, about that philanthro philanthropic heart that this community.
Has you lose that because these people aren't in the. Community,
(32:02):
now from a more practical, standpoint the most tenuous time
in starting a business is at the. Beginning in that first.
Year it is. Rough it is if you go into
a cash generating, business that risk has been starched. Out,
yeah now you're gonna pay a little bit of a
premium for, it but you're getting a turnkey. Operation and
(32:22):
a lot of times when you go in you can
negotiate that the owner stays on for a year or
two of training and you think to, yourself, oh, well
this business generates you, know three million dollars a year in.
Revenue i'm never going to be able to afford. It, well,
listen that's what THE sba is. For there's also creative
ways to do the financing where it's a owner finance.
(32:42):
Buyout there's also four people who own, businesses you can
create an employee buyout. Plan so there are a lot
of creative ways to go about. This where if you
don't have three million dollars sitting in your, BANK i get,
it not many people. Do there's still other options that
are via to go out and buy a, business and
you can walk in right, now be a business, owner
(33:05):
be your own employer day, one and know how to make.
Money your only decision is how AM i going to
make more?
Speaker 1 (33:11):
Money, yeah And i've personally seen that with two local.
Businesses One Bill, Clark, yeah that Was Bill, clark was
bought out by one of the. Employees they worked out a.
Plan and there's another. Place i'll go ahead and give
them a shout, OUT p AND M texico or IT'S
p AND. M it's an oil change place On. Dallin
i've been USING am for years and one of their
(33:32):
employees ended up buying, out ended up buying out the
previous owner and it's still highly highly. SUCCESSFUL i know
the new owner very well as. Well so, anyway that
is a GREAT i can be a great opportunity for
someone to come in and buy. Something you pay a,
premium like you, said but you're paying for the d.
RISKING i mean it's already the concept was. Improven you
(33:56):
just now need to take it, over run it and
improve and improve upon.
Speaker 3 (33:59):
It.
Speaker 2 (34:00):
ABSOLUTELY i mean who doesn't want to step in and, say,
hey you've been making money for twenty, years how ABOUT
i make some money for the next twenty. Years and
what's great is all of these hard early decisions have
already been, made so you have nothing but opportunity in
front of. You, yeah how AM i going to improve this?
Business AM i going to open another? Location AM i
going to introduce? Efficiencies AM i going to do some?
Rebranding there are so many ways that you can then
(34:22):
grow that business and really make it.
Speaker 3 (34:23):
Yours love, It love it.
Speaker 1 (34:25):
All, Right we're going to take another break and we'll
be right back here on The Dana Simmons Real Estate
show with Mister Kyle scott From Lamar University Venture. Center
we'll be right. Back welcome back to The Dana Simmons
Real Estate. Show this Is Andy hemmings With Capital, title
and thank you all so much for joining in and
listening to the.
Speaker 3 (34:43):
Show.
Speaker 1 (34:44):
Today we are back with Mister Kyle scott From Lamar
University Venture center talking about. Entrepreneurship And, KYLE i know
that just from my visiting you over At lamar and
working with both you And john from THE, Sba i'll
work together in some. Regards so tell us how The
(35:04):
Venture center AND sba work together in their daily.
Speaker 3 (35:09):
Business.
Speaker 2 (35:09):
Right, so first of, all even if we didn't want,
to we'd have to because we're both housing the daid
feel and building right, right.
Speaker 3 (35:17):
But like right down the hall for me, Toe. Yeah.
Speaker 2 (35:19):
Absolutely so you Know John, lee he's the director of THE.
Sbdc and for people who don't, know you have The
United States Small Business administration and under that they set
up what's called The Small Business Development centers and so
we have AN sbdc on our. Campus their task is
(35:40):
to help start small businesses in our. Community and the
primary thing that THE sbdc is known for is that
while they don't make, loans they guarantee eighty percent of a.
Loan so If i'm a business owner AND i go
to a, bank they're taking risk on. Me, well THE
sbdcd that by, saying, well if this person, defaults we
(36:02):
cover eighty percent of. That. Wow, right, Okay so that's
essentially what they. Do they AND i up to a,
point do the exact same, thing which is to try
to get people excited about entrepreneurship and try to help
business owners be more. Successful the only part in which
we diverge if they are a bankable. Business that is
(36:25):
the sbdc's. Expertise so when we get to the point
when they need money and they need a loan for that,
MONEY sbdc takes over if we get to a point
where it's an investable business that's not within the sbdc's,
purview and that's where The Venture center takes GOOD i
see up till that. POINT i, MEAN i may work
with some people more than, others they may have, expertise
(36:47):
but at the same time we are hand in glove
all the way up to that.
Speaker 1 (36:50):
Point, Gotcha, Okay well that's, yeah that's an interesting. Distinction
AND i do see how that dovetails together all towards
the same, end you.
Speaker 2 (36:59):
Know And i'm very fortunate because you can step into
a lot of situations and you see this rip apart
a lot of entrepreneurship ecosystems where a lot of people
want to be gatekeepers or they want to be. Territorial
i've been so lucky in That john AND i both
agree or rising tide lifts all. Boats so we work,
together whether it's you, know concurrent, programming whether it's promoting one,
(37:20):
another whether it's making, introductions whatever the case. Is you,
know THE sbdc AND i, agree this works better if
we work.
Speaker 1 (37:27):
Together, yeah what do you have any upcoming events or
specific activities for people to get involved?
Speaker 3 (37:34):
In, sure.
Speaker 2 (37:34):
Absolutely so you know last week the you, know tropical
storm that was not, right the campus had closed because
we thought that. Something so we have a rescheduled. Event,
okay so this will be On july twenty, eighth WHICH
i believe is A, tuesday that last week Of, july
from nine to ten, thirty and then it picks up
(37:56):
again from eleven to. Twelve and this is AN spa
workshop and resource. Panel so from nine thirty to Eleven i'm,
sorry nine thirty to ten thirty On july twenty. Eighth
this is for people who own a business and want
to learn how to grow it or sell, it or
it's for people looking to buy or start a. Business
(38:18):
that's what that first panel. For then the second panel
is specifically for. Lenders here's how to work with AN.
Sba here are the loan options that we will underwrite for.
You so it's two separate. Panels you can go to,
both you can go to, either but it's designed for
people either the lenders in our community or for the
people who want to start a business in our. Community
(38:39):
what a great.
Speaker 1 (38:39):
Opportunity, absolutely and you Said july twenty, Eighth.
Speaker 2 (38:43):
Yes, Tuesday july twenty, eighth in the morning and it's
going to be at The Dad Feeling building which is
Five oho nine to One Rolf Christopher. Drive so it's
right on the outskirts of, campus free, parking really, open
really easy to. Find and this is another thing where
The Venture center is jumping on helping to promote. It we're,
gonna you, know he get, speakers all the good stuff
so that we can both. Benefit not so we can,
(39:06):
benefit but so that the community can.
Speaker 1 (39:08):
Benefit, Right, YEAH i love, that AND i need to
get to THE i need to get that information SO
i can share it through my channels as, well because
it sounds like it's open to the.
Speaker 3 (39:18):
Community correct one hundred.
Speaker 2 (39:20):
Percent this IS i think the largest misconception of The Venture,
center and it's BECAUSE i am On i'm an employee
Of Lamar university And i'm based At lamar's campus That
i'm just there building programs for. Students students is one
third of the population That i'm charged with. Serving the
other third is faculty and. Staff but really my mandate
(39:42):
is to build economic prosperity and opportunities Out South East.
Texas love, it which means the community is my largest
and maybe most influential.
Speaker 1 (39:51):
Constituency, yeah, YEAH i think that is a misconception that
one would naturally have since you worked For lamar. H
you're Serving lamar that, is that's, fantastic that you're serving
beyond that here here to benefit the whole, community which is.
Good like you, said rising tide lifts all.
Speaker 2 (40:08):
Boats, yeah you, know you know none of us well
at LEAST i, Know but none of us in the
entrepreneurship world who work with universities want to be stuck
inside the ivory, tower. Right the life happens outside.
Speaker 3 (40:22):
And that the. Truth that is the.
Speaker 1 (40:24):
Truth, Okay so BEFORE i, forget tell us again how
they can how someone can get in touch with.
Speaker 3 (40:30):
You?
Speaker 2 (40:30):
Sure so my email IS K SCOTT K S C O.
T t seventy four At lamar dot edu and my
cell is seven one three eight zero five zero five eight.
Speaker 3 (40:40):
One, okay, perfect it's a.
Speaker 1 (40:42):
Yes if you need to get in touch with, them
feel you, know be sure to reach. Out and we
have another event that we're personally working on together in
conjunction With we've Got. Elton Elton hollis is going to
be involved as. Well he's kind of. Shy we're trying
to get All elton out of his trying to get
him out of his. Ship and so we're looking at
(41:02):
putting that together in Late, august and there'll be more
announcements for that coming, up and that's just another event
to further push the message of entrepreneurship out.
Speaker 3 (41:13):
There.
Speaker 1 (41:14):
Yeah, Absolutely so any final words you have out there
for the community listening on entrepreneurship in, general or some
words of encouragement or words of, wisdom.
Speaker 2 (41:24):
You, KNOW i Think i'm going to start back where we.
Started let's think, about you, know what we have coming
up a week From, saturday which is our nation two
hundred and fiftieth anniversary of our nation's. Birth let's think
about what it took to get us to this, point
about work, ethic about, sacrifice and think about our veterans
and just outside the entrepreneurship. Concept if you see somebody's
(41:46):
been in, service make sure to thank them for what they've.
Speaker 3 (41:48):
Done.
Speaker 1 (41:48):
Yeah what a great message and a very timely. Message and,
yeah thank you for sharing.
Speaker 3 (41:53):
That.
Speaker 1 (41:54):
Well, everyone we'd really appreciate you tuning in.
Speaker 3 (41:57):
Today.
Speaker 1 (41:57):
Dana thank you so much for allowing me to host
your show once. Again you're just such a benefit to
the community and To capital title and to me and my.
Family so thank you for everything that you. Do Danu,
kyle thank you again for joining us today and, listen,
everybody have a great weekend out, there go hug, go
spend some time with your, family spend some time, outside
(42:19):
enjoy this, beautiful beautiful country of. Ours this Is Andy
hemmings with capital, title and thank you for tuning, In
thanks for having me
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