Morse ’18 Gives Restaurant Business Pitch in LABB Week 2

Nolan Morse Photo Final

Morse ’18 Works on Business Pitch

Nolan Morse ’18 LABB 2016-During the second week of the LABB Internship we worked on refining a mock business pitch for a restaurant. I’d like to take a bit of time explaining some of the intricacies and work that goes into creating a professional and polished business pitch.

The most striking thing is that a business pitch is going to be a lot more fleshed out and detailed than you might think. It’s not just a quick idea that you take to investors and offer up without any sort of guidance or direction for how you want to move forward. The idea is that you want to create an experience to share with investors, one that shows them exactly how your business will be run and in the case of a restaurant, how it will feel for a customer who goes there to eat.

For our restaurant business pitch my team of coworkers and I were assigned to create the business pitch for a Pub. We decided to go with an Irish style Pub, where customers come and sit down for hours at a time, making small talk, drinking, eating, and having a good time. We also decided to give the style a twist by replacing the typical European styled foods with Asian cuisines. The idea we had meant that we would be the only Pub in the area with our specific theme. People could come to our pub with friends or family and experience high quality asian foods in a warm, interesting, environment. They could drink Sake, craft brews, and wines, or even bring their families to hang out for the afternoon, since the dining section is open to people of all age groups.

But a business pitch isn’t just themes and generalized strategies. It’s also about projecting your own potential for profitability. No investor is going to invest in a venture with no possible chance for profit. This is where financial skills become a necessity. We were able to combine industry standards for start-up costs, with local income, dining habits, and a few other factors, to create an in-depth narrative of how our business is likely to perform, including a projected balance sheet and cashflow statement.

All in all, even though the Lilly LABB program is far from over, I’m already seeing a lot of personal growth in my skills relating to the business world. This mock business pitch has helped me understand what really goes into opening your own business, as well as how expensive it is to open one. The program has really emphasized the importance of investments for small businesses. I would like to thank the Lilly Endowment for their continued support for this program, which allows Wabash students to enhance their skills and knowledge of business.


Krum ’18 LABB 2016 Goes Through Financial Bootcamp in Week 1

Mitchell Krum Photo Final

Krum ’18 Listens to LABB 2016 lecture

Mitchell Krum ’19 LABB 2016-Choosing just one event to talk about in my blog is very difficult given the vast amount of things that we learned throughout the first week of the LABB Program. In the first week we learned about what qualities a good leader possesses and the various strategies leaders use to motivate their employees. We learned the good and bad aspects about each of these strategies, and when each should be used in a workplace setting. The following day, we all took the strengths quest test to determine our top five strongest qualities. Ms. Hagan came in and taught us how to interpret our test results and teach us how to properly talk about ourselves in a polite and concise manner. We practiced this by all giving an elevator pitch about ourselves, a concise summary of who we are and what we do that can be stated in the time it takes to ride an elevator. I’m confident that the exercises we did will prove extremely useful in future networking and interview situations. While all of these exercises and experiences are equally important and will most likely prove very beneficial in the future, I am going to talk about the financial boot camp that we did in the second half of the week.

Starting on Wednesday, Ms. Valerie Griffin began taking us through her financial boot camp, which would go through the end of the week. Throughout the boot camp we read multiple case studies and were exposed to the language of business. Being someone who has very little background in this, learning some of the commonly used business terms helped me understand the case studies much easier. We were also exposed to income statements, balance sheets, and cash flow statements. Ms. Griffin taught us everything we needed to know about each so that we could make an income statement, balance sheet, and cash flow statement on our own in Excel. We did multiple presentations pitching a particular business of our choice to investors. My group pitched the company Dollar Tree. The exercise generally improved my public speaking skills, but also taught me what to look for when investing in a company and how to effectively present myself in a business setting and to investors. The entire financial boot camp was an extremely useful experience. It taught me more about finances in three days than what I had learned in the rest of my previous education.

I would like to thank Ms. Griffin for taking time out of her busy schedule to come to Wabash for those three days to teach us about finances. I would also like to thank Mr. Morin for allowing me the opportunity to be a part of such an important and useful program. Furthermore, I would like to thank Wabash College for providing the opportunity, and most importantly would like to thank the Lilly Endowment for funding such a great program. Without the endowment, none of this would be possible.

White ’19 LABB Week 1 Starts Fast

Logan White ’19 LABB 2016-As a freshman at Wabash it did not take me long to realize that this institution was going to provide me with opportunities beyond imagination. This is possible because of many different people and organizations associated with the college. To start I would like to thank the Lilly endowment for making this internship possible. They are very gracious and I do not want them to think even for a second that we at Wabash do not appreciate them. They are giving us opportunities that we never thought would be possible. In return we plan to continue to make Indiana thrive as a state. Second, I would like to thank Roland Morin. Roland is both the instructor of the LABB (Liberal Arts Bridges to Business) Internship and the director of the CIBE (Center for Innovations, Business, and Entrepreneurship).

The first week we hit it hard. We gave three presentations in one week. While three presentations is not too rigorous, you have to think about other factors. Along with the presentations we had a financial bootcamp. Income statements, Balance Sheets, Cash Flow Statement, and eight Harvard Business School Case studies. All in week one.

The financial boot camp was headed by Valerie Griffin. She was an extremely competent instructor receiving her MBA from the Kellogg School of Management at Northwestern. She provided us with knowledge and tools for understanding and utilizing different financial records. These skills will be used throughout the rest of all of our lives. I am very grateful for these teaching because I now further understand what it takes to successfully analyze financial records for future business ventures, investments, and other financial decisions. This boot camp was just another stepping stone towards my goal of being a successful entrepreneur.

Logan White Photo Final

Logan White ’19 presents for LABB 2016

With one week in the books, I am excited for what is to come. With all of the knowledge I have already acquired, I know that this internship will continue to propel me toward my future goal of being a successful entrepreneur.

Jawed ’17 ‘Final Pills, Final Thoughts’

Bilal Jawed ’17 – When I woke up that very first morning in Uganda, I had 87 pills of doxycycline packed away for malaria prophylaxis –one for each day in Uganda. It’s been a pure, raw, and emotional journey watching those pills disappear, day by day, pill by pill. As I swallow #87 today, I would be lying if I said I was the same person at #1. Each pill has its own taste, some sweet, others sour. It’s difficult not to reflect while holding an empty prescription bottle for the first time. A few come to mind. #2: my first day on the ward. Words and pictures will never represent the suffering and sadness adequately. #15: discovering that Mulago has a private ward for paying patients. I remember the frustration of learning how much of a difference a few dollars a day can make. #30: visiting the ward after dark to finish up some work from the day. I will never forget the overwhelming experience of swarms of people coming up to me, requesting medication and medical attention. Sick people remain sick even when the doctors go home. #73: sitting down to discuss a patient only to realize that there is almost nothing we could do to treat his disease (at the time he was thought to have a condition called ICL).

Spending a holiday in the home of a good friend.

Spending a holiday in the home of a good friend.

While it is so very easy to reflect on the bad, discuss the bad, and even blog about the bad, the bad will not be what I take away from Uganda and will certainly not be what I will remember in the years to come. I will remember the people. I will remember the doctors who don’t bat an eye when work and life begin to blend. I will remember the nurse, who despite being pulled out of retirement may be one of the hardest working people I know. I will remember the lab phlebotomist who spends his day running back and forth from lab to lab to give the most up to date results, and possibly save a life. I will remember the HIV counselor who fearlessly combats years of dense misconceptions and stigma day after day without falter. I will remember the friendly Ugandans –I never once regretted starting a conversation with a stranger.

I’ll end by being honest. I am not sure how the average American can help the sick people of Uganda or if they even need our help in the first place. The issues there are infinitely more complex than just sickness. Ellen Einterz summarizes it best, “It is probably possible to fill a well by pouring water from above, but better in the long run to dig deeper and let water rise from below.” Education, stronger structures, cheaper drugs, and sanitation will always be the answers. While Africa and Uganda may be a long plane ride away (I can attest to this), we as Americans in a shrinking world are not so far away. While the majority of the world will never see the poverty in those wards first hand, the poverty is certainly there and it is very close to us. This experience has absolutely shrunk my view of the world. It has distorted and altered my view of what health is, and what it means to be a health care provider. For the rest of my life, I will always carry a slight tinge of responsibility to share the stories found in Uganda –to serve as a reminder to the other 99% of the world that will never see a Ugandan ward.

Finally, no story is complete without its thank-yous. I would like to extend an extremely deep thank you to Dr. David Boulware for opening up his project and world to me. I am always astounded by all of his work. I would also like to thank Dr. Wetzel, Mrs. Rogers, and the Global Health Initiative for making this all possible. Lastly, I would like to thank Dr. Rhein, Ms. Williams, and the entire ASTRO team for being so welcoming to their work, their lives, and for some, their country.

Brenden King ’16 IURTC

The eight weeks spent as an intern at the Indiana University, and Research and Technology Corporation has been essential to my education as a student and my general knowledge of business development. Over the course of the internship, I was able to work as a part of the team that makes up a section of the IURTC known as Spin Up. Working directly with the head of Spin Up, Joe Trebly, we worked to build startup companies around inventions developed at Indiana University. Over the course of the experience, I learned about the commercialization process, venture capital, marketing, and intellectual property.

My primary project was to write a business plan for Grace Corporation, one of Spin Up’s startup companies. Grace Co. is a geriatric health care provider that aims to reduce hospital readmissions through their Grace Co. team model. Since their conception, Grace Co. has enjoyed great success and is being to be implement not only at IU Health but multiple hospitals in both Indiana and nationwide. One of the barriers that I had to overcome while writing the business plan for Grace, and in general the entire summer, was adapting to the different industries that Spin Up works with and being comfortable not having a significant background in that field. It was in this barrier when I began to appreciate truly my Liberal Arts education at Wabash.

Another project that I worked on was getting everything for the Innovation Showcase. A showcase is an entrepreneurial event in Indianapolis where roughly 75 companies pitch to prospective investors. Spin Up sent five companies to the event. One of which, Anagin, a company that is working towards growing inner ear cells placed in the top 5 companies. My job was to update all of their propaganda, specifically their executive summaries. The project gave some experience in both marketing and project management.

Aside from the two project I spent a great deal of time meeting with venture capital groups and CEOs of Spin Up companies. Watching Joe and the founders of the companies working with big VCs like SV Life Sciences provided me with hands-on experience that I would not have gained in the classroom. We are truly fortunate for the opportunities that both Wabash and the Lilly Endowment provide to Indiana.

Brent Tomb ’16 Learning the Ropes at FairWinds

IMG_1598_1Summer was especially busy at FairWinds Advisors, and as the first intern from Wabash, I felt the need to make a big impact.

FairWinds is a company that can provide companies with site selection services, incentive negotiation, and the required compliance. They take a very personalized approach with each client, which sets them apart. When I started my internship, Economic Development was a relatively new concept to me. I understood what I thought it meant and what I thought I might be doing, but I quickly received a crash course on exactly what FairWinds can provide a client from Jenny Massey, the co-owner, COO and President.

One of the first things I learned was that the life of a consultant can be difficult at times. When acting as the middleman, you are the one who is held accountable for problems that arise, regardless if they are your fault or not. This means that being ahead of the ball is extremely important so that everyone is happy. Because FairWinds has had such a busy year, I was able to help put a fresh spin on some documents that were used to keep the steps in the process in order.

Jenny took me with her to all of her meetings so that I could see how a project works at every stage. This meant that I was included in meetings with potential clients and meetings with current clients that were near the end of their project. It was eye opening to see not only the different types of meetings but the huge range of companies that FairWinds can assist. Some companies is start-ups with no employees while others are huge companies that are expanding with a new location or in a new state. Each company comes with completely different needs and problems. For those reasons, it was very important to be well prepared with knowledge about all possible incentives. I was able to learn a lot from listening to these meetings, often learning along with the clients.

I was also involved in helping with a few projects that Jenny and her partner, Jay, are undertaking to better the company. One of those is a new website. I had the opportunity to sit in on a creative session and have been able to help with some creative ideas for the new site that is being built. It has been a fun challenge to help create a product that is engaging and informative without being overwhelming, especially considering I had no experience with web design.

Overall, my experience at FairWinds has been extremely educational and valuable. I was able to learn about real world business by working with the large variety of clients. Being a part of the FairWinds’ team provided an in-depth understanding of some of the advantages and challenges that small businesses face. I would like to thank the Lilly Endowment for making this internship possible, FairWinds Advisors for the opportunity and Wabash College for organizing the experience.

Tyler Munjas ’16 Engaging South Bend

IMG_0077Throughout the course of this summer I’ve had the opportunity to intern with Trek10, a startup whose main facet involves consulting with companies who use Amazon Web Services (AWS); a cloud computing service that allows for massive data storage, real-time data analytics, app and website building, and a multitude of other features. When I first accepted this position, I was hesitant about two things. The first being that I had no experience with AWS, let alone any other cloud computing software. The pre-job training was intense, and a lot of new terminology and concepts were thrown my way. However, I was lucky enough to be working with some of the best and brightest in the field, as well as two of my good friends and fraternity brothers, Sam and Ashton, who were eager to make sure I knew what I was doing.

The second point of hesitation was that in 2011 South Bend was cited by Newsweek as one of the top 10 dying cities in the U.S. Why would I want to spend my summer somewhere like that? Well, this source of uncertainty is actually what enthralled me in my decision to take the position. I spoke with Roland Morin ’91 as he explained the revitalization efforts that companies like Trek10, Union Station, and Enfocus, just to name a few, were attempting to help South Bend.
During my first week, I noticed many things that might indicate a “dying” city; poor roads, abandoned buildings (one of which being the old Studebaker factory, whose economic aftermath after closing some 40 years ago is still felt to this day), and a homeless population. However, I also experienced first-hand these immense revitalization efforts which simply hearing about does no justice. Union Station, a former train station turned data hub and professional office building where Trek10 is located, has plans in the immediate future to renovate 800,000 square feet of the abandoned Studebaker factory in order to move its business there. Included in the new Union Station are classrooms, a workout facility, an auditorium, and a ton of new space for more tech-heavy companies, like Trek10, to call home. The hope behind moving to a larger facility is to attract ultimately, businesses with well-educated employees and higher paying jobs to kick-start the economy.
Also, South Bend initiated something that I had not experienced during past internships in different cities/counties; an intern “connect” program. With upwards of 80 interns in the South Bend/St. Joseph County area (of which about 10 were Wabash men), the County hosted and helped organize numerous events for us. We went to a Cubs game, a country concert, white water rafting, helped at a local food bank, and participated in networking events as part of the Young Professionals Network. Additionally, the program brought in a weekly speaker which included Trek10’s CEO and founder, Andy Warzon, as well as the well-received Mayor of South Bend, Pete Buttigieg. This may have been one of my favorite events the program put on, as we heard talks and engaged in discussions about personal branding, methods for assessing businesses, how to go about bootstrapping your own business, and the countless initiatives, efforts, and programs that the city is tackling in order to bring life back to South Bend. Having such a well-rounded program that kept me engaged outside of work hours helped me truly see South Bend for what it is. I no longer see it as a dying city, as that implies South Bend is headed in a direction worse than its current state. Rather, I view South Bend as a growing city, easily observed through its efforts and successes in bringing and retaining talent from schools such as Notre Dame, Yale, and of course, Wabash. Additionally, there’s an atmosphere of optimism as its citizens all rally around and support their Mayor, placing their trust in a local government who’s already proven its capability in helping South Bend. I’ve never experienced such a high overall level of confidence from a community. Just about every person I talked to felt hopeful for the future of South Bend, given its recently bleak past. And to me, having the entire community believe in the future of the city is the most crucial aspect of growth.
In closing, I’d like to thank the Eli Lilly Endowment for funding opportunities as beneficial as the one I experienced this summer. Not only did I gain knowledge of cloud computing software and an insight into the hi-tech world unavailable in the classroom, but I was also able to be part of something bigger than myself. It felt incredible to know that by taking part in these intern connect events I was making a difference in South Bend. Though I’m not from the area, I plan on returning and continuously checking up on its progress as I feel like the part of the community after my eight weeks there. If the goal of the Endowment is to invest in Indiana, it’s doing a fantastic job by sending interns to places like South Bend and other Indiana communities where Wabash men can make a difference.

Chris Stazinski ’16 Co-Working & Entrepreneurship in South Bend


StazinskiBefore we get started, I want to thank the Lilly Endowment, Inc. for providing funding my internship experience this summer and for many other Wabash men. Without that funding, such an opportunity would be lost for many of us. Talking to students from other colleges I have realized how lucky we are to have an organization like that on our side.
My experience at Union Station Technology Center (USTC) in South Bend this summer was nothing short of unique. USTC is the largest data center in Indiana and a top 40 carrier hotel in the nation, and the primary model of Infrastructure as a Service allows the company to provide storage and high-speed connectivity for businesses ranging in size from small and local to large and national. The goal this summer for myself and my coworker, Kevin Yan ’15, and was to design a co-working studio – the Depot – within the Union Station building, and then market and recruit people to work inside of it. The Depot is to be a hub of collaboration and mutual development among freelancers, independent consultants, and entrepreneurs.
In doing research on other successful co-working studios, we were lucky enough to be welcomed into MatchBOX in Lafayette and Launch Fishers in Fishers. It was a great opportunity to network with others with a similar goal and ask questions about how they became successful. In developing the Depot, we had to utilize our liberal arts education because the tasks varied greatly. Among other things, a few of our tasks were designing the layout of the space, creating the logo for the Depot, and building and managing the website. We also created various documents such as the membership agreement and the terms of use. We were also constantly reaching out to others in the community and planning events for the Depot to gather members.
I learned a few lessons from this internship. The first and foremost lesson is the importance of having a plan and set goals. A couple times we started on a task and then lost our way. When that happened, we had to restart and tweak our approach, but it was something that could have been avoided by having several smaller benchmark goals. Another lesson that was emphasized this summer is to manage your network and utilize the connections you have. It has also stressed to me the importance of being a reliable contact myself, because how can you expect others to help you if you are not willing to help them. In all, it was a very educational internship that taught me much about entrepreneurship and will help guide my endeavors after college. Once again, thank you to Wabash and the Lilly Endowment for making this possible.

Jonathan Alcala ’18 Practice Makes Perfect at CTS

This summer, I had my professional head start through the Small Business Internship Fund organized by the Schroeder Center for Career Development , something I did not expect as a freshman. Although we were acquainted within the first few weeks of my freshman year, I never expected to have my first professional experience under the tutelage of Erik Ness, ‘94. Arriving at the Commodity Transportation Services office, I believed I was prepared for whatever the summer could throw at me. However, this was far from the truth. Not only was I expected to perform at the level of my peers, some whom were returning for their second summer with Erik Ness such as Derek Andre ‘16, but also to learn as much as I could about the industry.

Throughout my first few days, a feeling of nervousness and excitement was persistent, but after a week of work there was no time for insecurity or lack of confidence. I not only was expected to handle paperwork and analyze several carrier agreements, but I also had the opportunity to negotiate deals alongside Wabash alumni. The CTS office provided a perfect balance in many aspects, which helped maximize my contribution. Throughout the busy days of work, I felt a demanding office environment while also feeling comfortable to ask for help whenever needed. At times, a fellow broker and friend, Alan Ortiz ’17, and I found ourselves trying to find the right words to explain our internship experience, and although we enjoyed different qualities of our job, we both recognize the great learning experience that it was.

As time progressed, I felt the responsibility and duties increase dramatically, but, to my advantage I had been well prepared by that same team that demanded more of me. By the time my internship approached its last few weeks, I had gained confidence in my work, and this quality was a must. My very first call at CTS was far from successful, but after the hundreds of daily calls I had to make, I learned that practice does make perfection. The confidence I had gained communicating carried over with me whenever ideas and reports had to be presented. I had developed my skills so greatly that I will continue to work for CTS on campus. I am excited to see what the continuation of this experience will bring to my professional development.

I am extremely grateful for the opportunity Commodity Transportation Services for the opportunity I have been given, and of course to Erik Ness ‘94 who has been a great mentor. I would like to also thank the Small Business Internship Fund and Career Services office, as none of this would be possible without their help and willingness to invest in our professional development.

Brian Parks ’17 A True YoungLife Leader

On The job photo6 Essential Things that Consist of Being a YoungLife Leader
First off, I just want to thank the Lilly Endowment for giving me this once in a lifetime opportunity of being able to intern for YoungLife. This was the incredible experience and one I will never forget.

Alternate Fundraisers
YoungLife is a non-profit organization so for it to exist funds must be raised. I found three ways to raise funds for YoungLife at Tech. The three were Restaurants, Activities, and Do-It-Yourself fundraisers. I created many proposals for YoungLife for Tech to follow through if they wanted to do a certain fundraiser within those categories.

Alumni Relations
YoungLife Tech has many alumni who are off into the world and doing their own thing, so it’s very important to stay in contact with all the individuals as much as possible. Sam and I created a spreadsheet with all of the former YoungLife affiliates, and we had about 150 total. We also plan to have an alumni reunion between August 1-12.

Being able to job-shadow Christians was perhaps the best experience I encountered throughout the internship. I was able to shadow four wonderful people and experience a day with them at their organizations. I met with Jessica who works with MATS, which is a Missionary Auto Dealership. Tyler Sadek is a financial manager for TEAYS Investments, which invest in farms around the world. Phil Edwards is an assistant pastor at SOMA church; his job is to connect the neighborhood to the church. Lastly, Jack Nikcevich is a regional director for YoungLife, who oversees all YoungLife sites in Indiana and Kentucky.
Public Relations
During the internship, I sat in on a lot of meetings and gatherings with my supervisor. I was able to share my experience in YoungLife to about 50 people. I also talk to donors who support YoungLife about how YoungLife has changed my life and how it has directed to where I am today. I also attended a gathering of urban pastors around Indianapolis, who talk about how all churches must come together to change the community.

Video Project
Tanner Halbeigh and I are in the process of creating a testimonial video to show that the investments and generous donations of our donors are changing kids’ lives every day. We shot footage of B-roll, which consisted of my childhood home, sporting events, community, and much more. This will be a collaboration with myself and Jayion’s (current YoungLife member) testimonies.

Student Relations
I went to the school lunches about 2 to 3 times a week signing kids up for camp and sharing to them about myself. I attended clubs and Bible studies weekly throughout my internship that occurred on Mondays and Fridays. I shared the experience of being a Christian and going to college in front of 30 kids. Nearly every Saturday we would have work days that kids would attend to raise their funds to go camping and I attended nearly all of them. Work days consisted of anything from building a patio to cutting grass.