{"id":1902,"date":"2019-08-20T14:40:45","date_gmt":"2019-08-20T14:40:45","guid":{"rendered":"http:\/\/blog.wabash.edu\/summerinternships\/?p=1902"},"modified":"2021-08-06T19:35:26","modified_gmt":"2021-08-06T19:35:26","slug":"page-22-participates-in-the-cibe-business-innovation-program","status":"publish","type":"post","link":"https:\/\/blog.wabash.edu\/summerinternships\/2019\/08\/20\/page-22-participates-in-the-cibe-business-innovation-program\/","title":{"rendered":"Page &#8217;22 &#8211; Business Innovation Program (BIP)"},"content":{"rendered":"<p><em>Andrew Page &#8217;22 &#8212; <\/em>The first week of the BIP internship was a great learning experience, and I can tell that this program will\u00a0help\u00a0me significantly in my understanding of business.\u00a0The\u00a0following\u00a0three\u00a0days, we went through the Financial Boot Camp with Zackery Carl\u00a0\u201818. Zack\u00a0showed us the ins and outs of\u00a0Microsoft Excel and\u00a0how\u00a0it\u2019s\u00a0a\u00a0useful tool\u00a0in the business world. Mr. Carl\u00a0helped walk us through a financial model in Excel\u00a0and\u00a0various other\u00a0exercises to sharpen our business and critical thinking skills. For the financial model portion, Mr. Carl\u00a0taught us\u00a0how to create\u00a0a number of\u00a0things including<\/p>\n<figure id=\"attachment_1903\" aria-describedby=\"caption-attachment-1903\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"http:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2019\/08\/Screen-Shot-2019-08-20-at-10.39.01-AM.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-1903\" src=\"http:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2019\/08\/Screen-Shot-2019-08-20-at-10.39.01-AM-300x221.png\" alt=\"\" width=\"300\" height=\"221\" srcset=\"https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2019\/08\/Screen-Shot-2019-08-20-at-10.39.01-AM-300x221.png 300w, https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2019\/08\/Screen-Shot-2019-08-20-at-10.39.01-AM-768x566.png 768w, https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2019\/08\/Screen-Shot-2019-08-20-at-10.39.01-AM.png 814w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-1903\" class=\"wp-caption-text\">Andrew Page &#8217;22<\/figcaption><\/figure>\n<p>an income statement, a balance sheet, a cash flow statement, and working capital, depreciation, and debt schedules. Knowing how to create these parts of a financial model will be very beneficial to us when\u00a0we\u00a0start our food truck business in the coming weeks.\u00a0I am confident that everyone\u00a0participating in\u00a0the BIP internship learned a lot about Excel\u00a0and have\u00a0benefited\u00a0from\u00a0the concepts that\u00a0we learned from\u00a0Zack.<\/p>\n<p>We also worked through logic problems to strengthen our critical thinking skills. At first, we walked through the projected monthly profit of the local Applebee\u2019s together based on only our assumptions and without the help of the internet, and then we were broken into smaller groups, where we were assigned abstract questions and told to find an answer without looking anything up. For example, my group\u2019s problem was, \u201cHow many ping pong balls can fit into a 747?\u201d Although my team\u2019s answer was roughly 45,000,000 ping pong balls off, it was a very enjoyable exercise that taught us the importance of thinking critically and modeled some questions that we may be asked in an interview someday. I would like to thank the CIBE Business Innovation Program for the opportunity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrew Page &#8217;22 &#8212; The first week of the BIP internship was a great learning experience, and I can tell that this program will\u00a0help\u00a0me significantly in my understanding of business.\u00a0The\u00a0following\u00a0three\u00a0days, we went [&hellip;]<\/p>\n","protected":false},"author":158,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104,103],"tags":[],"class_list":["post-1902","post","type-post","status-publish","format-standard","hentry","category-2019-summer-internships","category-cibe"],"w_featured_image_url":"https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2019\/08\/Screen-Shot-2019-08-20-at-10.39.01-AM.png","_links":{"self":[{"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/posts\/1902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/users\/158"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/comments?post=1902"}],"version-history":[{"count":5,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/posts\/1902\/revisions"}],"predecessor-version":[{"id":2984,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/posts\/1902\/revisions\/2984"}],"wp:attachment":[{"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/media?parent=1902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/categories?post=1902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/tags?post=1902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}