Each One Teach One Entrepreneurship Institute

07/12/2023

A new study shows despite facing an uphill climb there are a record 1.2 million minority-owned businesses in the U.S. and South Carolina is the No. 14 best state for them to succeed.

Roughly 20% of all entrepreneurs fail within their year and the ultimate reason is because they do not have enough capital – an issue that disproportionally impacts minorities. The average white household earns $77,999 per year compared to $57,981 for Hispanics and $48,297 for blacks.

Meanwhile, 52% of white applicants get fully approved for business loans, compared to 27% and 28% for Hispanic and black entrepreneurs. Despite these challenges, many states are strong incubators of minority businesses.

Lendio released a study on the Best & Worst States for Minority Entrepreneurs using the most recent data from the U.S. Census Bureau, Small Business Administration (SBA), and Economic Policy Institute across the business, lending and economic landscape in all 50 states and D.C.

A few key findings in South Carolina contributing to the state’s ranking show minorities own 13.2% of all businesses and 17% of startups under two years old. The number of jobs at these companies grew by 147% from 2019-2021.

The 10 best states for minority entrepreneurs are Hawaii, Maryland, Maine, Delaware, New Jersey, Florida, California, Virginia, Texas, and Idaho.

The good news is that the government is taking steps to level the playing field. The percentage of the SBA’s Community Advantage loans awarded to underserved communities increased from 34% in 2017 to 45% in 2022. Within that window, businesses opened by Native Americans grew by 68%, Pacific Islanders (28.8%), Latinos (16.5%), Blacks (13.6%), and Asians (10.2%).

Article: https://buff.ly/3JD5z4e

06/30/2023

Christian Grissett, a Coastal Carolina senior and Brown Scholar planning to graduate in December, was recognized at the university’s Honors Convocation in May.

Each One Teach One Entrepreneurship Institute Brown Scholars are Coastal Carolina University undergraduates who mentor students the organization serves. Focused on motivation and education, they are selected for their social, emotional, and educational aptitude.

During his time as an undergraduate studying accounting, Christian mentored Each One Teach One event attendees. He also consulted with businesses in the Myrtle Beach area as an associate of the university’s CoBE Institute. Following graduation, Christian plans to become a CPA and teach financial literacy skills to underserved individuals.

06/28/2023

"Entrepreneurs, similar to small business owners, are founding and often running their own businesses. But they differ in scale. Entrepreneurs are generally seen as those taking high-yield risks that require a lot of money, thus their financing typically comes from investors. Small business owners are generally seen as those taking smaller risks to maintain an income for themselves and their employees and, when starting, may opt for a small business loan instead of investors."



https://buff.ly/3r3z8VW

06/26/2023

"Artificial intelligence is a tool. ChatGPT is a tool. As with all tools, if you don’t know how to use them, they are fairly useless. You wouldn’t pick up a complicated kitchen appliance and expect miracles without reading the manual and learning how to use it. This is no different. Instead of punching keys into ChatGPT, learning how to prompt it effectively will mean far better results, for you and your business."



https://buff.ly/44f4TJZ

06/22/2023

"From busy, urban neighborhoods, to peaceful, suburban enclaves, to picturesque, countryside villages, entrepreneurial parents and teachers everywhere are inventing low-cost, bottom-up education models that prioritize each individual learner. These everyday entrepreneurs were dissatisfied with the standard schooling status quo and decided to build alternatives. While these entrepreneurs are demographically, geographically and ideologically diverse, they share a common commitment to creating more personalized, accessible education options that enable each child to flourish. There are hundreds of these founders in big and small communities throughout the U.S. who are redefining K-12 education to be more decentralized, individualized, and responsive to the varied needs and preferences of learners and families."



https://buff.ly/3JqQbaQ

02/07/2023

On Monday, February 20, from 10 AM to 3:30 PM, the Each one Teach One Entrepreneurship Institute at Coastal Carolina University is hosting a “Mastering Makerspace” Innovation Academy for underrepresented Horry County high school students.

Students will spend nearly three hours in the Kimbel Library Makerspace, a rapid-prototyping facility that empowers students and staff to translate their creative ideas into physical products. Attendees will:

- Create paper circuits to learn about electronics
- Laser cut keychains using recycled plastics
- Make customized pin-back buttons

Afterwards, students will have a meet and greet with our mascot, Chauncey, eat lunch at Hicks dining hall, and take a tour of the campus. Register via the link in our bio by Sunday, February 12 at 9 PM -- don't delay, there are only 10 spots remaining!

02/07/2023

On Monday, February 20 from 10 AM to 3:30 PM, the Each one Teach One Entrepreneurship Institute at Coastal Carolina University is hosting a “Mastering Makerspace” Innovation Academy for underrepresented Horry County high school students.

Students will spend nearly three hours in the Kimbel Library Makerspace, a rapid-prototyping facility that empowers students and staff to translate their creative ideas into physical products. Attendees will:

- Create paper circuits to learn about electronics
- Laser cut keychains using recycled plastics
- Make customized pin-back buttons

Afterwards, students will have a meet and greet with our mascot, Chauncey, eat lunch at Hicks dining hall, and take a tour of the campus. Register at https://buff.ly/3DJsUxW by Sunday, February 12 at 9 PM -- don't delay, there are only 10 spaces remaining!

01/16/2023

Each One Teach One celebrates the life and legacy of Martin Luther King, Jr.

01/16/2023

Each One Teach One celebrates the life and legacy of Martin Luther King, Jr.

11/11/2022

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Congrats to Dr. Rockey’s RSM 490 class for pulling off a successful event last night!

The “Strikes 4 Students” event supported Each One Teach One’s mission to inspire underrepresented high school students in Horry County.

The success of this event is a direct reflection of the time and effort poured into this class. We are proud of you and your accomplishments, RSMers!

11/09/2022

We are excited to host our second annual "Strikes 4 Students" event tomorrow, November 9 at 810 Billiards & Bowling - Conway.

This fundraiser was organized by students in Coastal Carolina University Prof. Don Rockey's RSM 490, Program and Event Planning in Recreation and Sport, class.

All proceeds raised from the event will help Each One Teach One further our mission to inspire innovation mindsets in underrepresented adolescents across Horry County through entrepreneurship education.

There is still time to register -- either as an individual for $12 or $48 for a team of four at https://www.paypal.com/donate?hosted_button_id=M7R8R9T6SLCZ4

See you there!

https://youtu.be/hW-DqtoMsJI

Coastal Carolina University students in a recreation and sport management course on event planning recently completed a class project, and the Each 1 Teach 1...

11/05/2022

Support our mission to inspire underrepresented high school students across Horry County at “Strikes 4 Students” 🎳 Join us on Wednesday, November 9 from 6 to 8 pm at ! Special thanks to students in 490 for organizing this event! Pay for your registration — $10/individual or $40/team of four — at https://www.paypal.com/donate?hosted_button_id=M7R8R9T6SLCZ4&source=qr