Latino Business Association
University of California, Santa Barbara
Santa Barbara SCORE & UCSB LBA recently organized a discussion panel event for young potential entrepreneurs. The theme for the event was Passion, Perseverence and Overcoming Failures.
On Tuesday May 15th, five of SB SCORE mentors went to UCSB to serve as a panel for the LBA (Latino Business Association). The mentors present were Miguel Avila, Rupert Laslett, Teresa Martinez, Tom Philips and Juliana Ramirez. They discussed the passion, perseverance and overcoming the failures that come with starting a small business.
One of the questions asked was “What is a typical day for each of you?” A lot of valuable advice was integrated into these answers, in order to make the panel useful for the students. Things like having strong work ethic, being relentless and having integrity were all things mentioned. Although it is important to understand various concepts related to business, it is also essential to know that it’s not about what you know, it’s about who you know. To even take it a step further, one of our SCORE mentors said it is about who knows you. When people know you, they can refer you to others, which could land you in the right position at the right time. This was a common theme for many of the SCORE mentors when they were asked to give advice to their past self. They mentioned that a lot of success has to do with putting yourself out there and being at the right spot at the right time. It was stressed to these students that it is important to take each and every opportunity with an open mind because you never know what that opportunity could lead to in the future.
When the topic of issues and failure came up, our SCORE mentors were able to bring up advice to help these students in the future. Many said that it is important to find clarity, whether that be through a walk, or through getting a good night’s sleep. Making time for oneself, especially during college is crucial to make sure you have balance. Overall, the students were able to gain insight to what it is like to own a business.