By Tricia Cherry —<\/p>\n\n\n\n
The topic of this past week\u2019s TEE Time was entrepreneurship. The discussion opened up with various definitions of \u201centrepreneur.\u201d The collective answer was that such a person generally runs his or her own business, most often selling product to customers.<\/p>\n\n\n\n
A hypothetical situation was than put fourth, asking attendees to consider the following: If someone were to give them a hundred dollars and told them to turn that into a thousand dollars in half a year, what would they do? The stock market was quickly identified as risky. Another option was to pay off a debt. Doing this wouldn\u2019t turn the money directly into a thousand dollars, but debt relief would allow the growth of more money in the bank.<\/p>\n\n\n\n
The difference between an entrepreneurship and a side-hustle was also brought up. One clue to this difference is in the name \u201cside-hustle.\u201d The word \u201cside\u201d implies a separate, main source of income, so the \u201chustle\u201d is on the side as something that can bring in a bit of extra money. An entrepreneurship, however, is often one\u2019s main source of income.<\/p>\n\n\n\n
Dr. Hamilton spoke of her sister and niece, who make bourbon balls\u2014consisting of butter, sugar, and sometimes nuts, in addition to bourbon\u2014which she praises as delicious. The possibility of selling them in the city for the holidays was discussed. Attendees were asked to think like entrepreneurs and give advice and suggestions for such an endeavor. The results are as follows.<\/p>\n\n\n\n
After this conversation, it was pointed out that Miami offers free classes on business start-ups which take place on Saturdays. Collaborations such as restaurants and malls were mentioned as a useful social resource as well. <\/p>\n\n\n\n
The talk wrapped up with an offer for the attending students to write and present a short proposal on how they will make money with a one-hundred-dollar investment in any area or idea one submits. The reward for a well-written, plausible piece being the hundred dollars, due in two weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"