Experts to teach PSU students, employees how to start a company

Penn State Small Business Development Center to offer tips for entrepreneurship in a recession

University Park, Pa. — What do Microsoft, Apple, Facebook, Napster and Dell have in common? All were created by young entrepreneurs with a dream. A new Penn State Small Business Development Center (SBDC) seminar, exclusively for students, faculty and staff, will offer the basics on starting a business -- from assessing ideas to regulations and obtaining financing.

The First Step of Starting a Business seminar will take place from 6 p.m. to 9 p.m. on Wednesday, April 8, in room 103 of the Bank of America Career Services Center at University Park. Heather Fennessey, director of the SBDC, said the seminar is part of an effort to reach out more to students.

“We’d like to start educating young entrepreneurs in the University system,” she said. “We’d like to show them that they can think about starting a business in the area that they are studying.”

A recession may be a good time to find a special niche for a small business. For example, a student can start a repair business instead of selling new equipment. Or, for faculty and staff nervous about seeing retirement accounts go downward, now might be a good time to develop that money-maker they’ve always thought about doing on the side.

The seminar is free and pre-registration is required. Interested participants can call (814) 863-4293.

Penn State Small Business Development Center (SBDC) is part of a nationwide network of more than 1,000 centers. The Penn State SBDC provides free business assistance to small firms and business start-ups in Centre and Mifflin counties, enabling them to compete and grow in today’s highly competitive global economy. For more information, visit online. Penn State SBDC is part of Penn State Outreach, the largest unified outreach organization in American higher education. Penn State Outreach serves more than 5 million people each year, delivering more than 2,000 programs to people in all 67 Pennsylvania counties, all 50 states and 80 countries worldwide.

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Last Updated April 07, 2009