![]() ![]() Sheryl Sandberg sold Meta shares worth $1.7B over last decade: reportĪ California businessman who is portrayed as a billionaire in a new Discovery Channel reality show is nowhere near that wealthy, according to a report Friday. Tiger Woods joins Jordan, LeBron in illustrious clubĮlon Musk posts vulgar tweet about Bill Gates in midst of feud Transforming Lives.Billionaire Cooperman calls crypto 'crap' and predicts 40% drop for S&P 500 Previous Story An Artful Display of Erie Talent.If you have inspiration and aspiration, and you’re able to really gather people around you and your dream you can make it.” As the restaurant has profit, I hope it’ll continue to help this initial investment and the community grow,” Stearns said.Īs on the show, Stearns said, “I wanted people to see that you don’t need a lot of money. “The idea is to continue to have Erie help itself. With Underdog BBQ now employing nearly 60 people, Stearns is hopeful for the future of the business and for Erie. Gannon’s SBDC will play an advisory role and funnel candidates to apply and pitch their business to the Foundation. Not only did Stearns and his team create and open a business in Erie, Stearns also invested $50,000 at the end of the show to establish the Underdog Entrepreneurial Foundation to award microgrants to eligible entrepreneurs. Although Underdog BBQ fell short of the million-dollar value, Hauser identified it as having potential to quickly reach that value through a diversified business strategy. He was the expert who valued the business. Rich Hauser, Ph.D., associate professor of finance and economics in Gannon’s Dahlkemper School of Business, also assisted Stearns. “I never had these skills before working here.” “Through working at the Beehive, I have gained the skills to create logos and create websites,” said Kaan Say, another Beehive employee and MBA student. He didn’t need to do this, but still chose to give back,” Makowski said.ĭeclan Bingham ’19, a Beehive employee and current MBA student, added: “If we wanted to start a business tomorrow we would all have a good sense of what to do to make that happen because of the experiences working here.” “It was a professional lesson to see that even after you make billions of dollars you can still be approachable. The students found their time with Stearns was an invaluable experience. Glenn Stearns, owner of mortgage company Stearns Lending, LLC, posing undercover as Glenn Bryant. This research led Stearns to open what is now the Underdog BBQ restaurant. “Even though we didn’t know who he was at the time, we could tell he was not your average entrepreneur. “We compiled industry research and competition analysis, then explained the reports to Glenn when he was looking at starting one of three business ideas,” Makowski said. Students in Gannon’s business programs worked directly with the undercover billionaire to support him as they do all clients explained Richard Makowski ’18, ’19M, a current junior business consultant at SBDC. “I was surprised by how many services they had to offer.” “There are resources people don’t know about in a lot of communities - one being small business centers that are all over the country,” Stearns said. The SBDC, Dahklemper School of Business, Erie Technology Incubator and Gannon’s node of the Northwest Pennsylvania Innovation Beehive Network worked one-on-one with Stearns to provide insight into Erie’s business landscape and introduce him to various community contacts. We researched and talked about the kinds of businesses that would make an impact, create jobs, and really help in the small business focus and movement here in Erie,” Horne said. “We helped with understanding the industry and the environment to identify what was needed and would be accepted within the community. “There are resources people don’t know about in a lot of communities – one being small business centers that are all over the country.I was surprised by how many services they had to offer.” Maggie Horne, director of the Small Business Development Center at Gannon, explained that producers contacted Gannon searching for community resources to assist entrepreneurs. That’s when the entrepreneurial resources at Gannon stepped in. I was excited about being here,” Stearns said. “When I got to Erie I realized after a short time how many people are good, hardworking folks who want to make a living and help others. If he didn’t meet that challenge, he vowed to invest $1 million of his own money into the business. The entrepreneurial ecosystem at Gannon’s Center for Business Ingenuity caught national attention during the airing of ‘Undercover Billionaire,’ an eight-part TV series on the Discovery Channel.īillionaire Glenn Stearns, founder of mortgage company Stearns Lending, LLC, went undercover in Erie as Glenn Bryant to build a business valued at $1 million in 90 days.
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