Former Marine Keith Guarino collaborated with two other participants to study the feasibility of a real estate business. After a business plan deemed solid, he explores opportunities to make the idea a reality.
“I believe this opportunity has increased my success as an entrepreneur-in-training,” he says. “I still work full time and was able to commit to my entrepreneurship course every Wednesday. At first I was skeptical and thought I wasn’t going to be able to fit it into my busy schedule; however, our teacher was engaging, motivating and determined to make us feel comfortable and supported during the learning. “
The feasibility study is at the heart of the program, regardless of a positive or negative outcome, Jaiswal says.
“If the analysis shows that an idea is feasible, that’s good news, but even if the analysis shows that the idea is not feasible, it’s still good news,” he says. . “Now students understand what the gaps are and as such don’t spend time and resources on an idea that later fails. “
Program participant Gary Schuck agrees that the increased ability to examine a company’s strengths and weaknesses before launch is something he will incorporate into his future business plans.
“In the past, I started a drop shipping business that got nowhere,” he says. “With a new methodology of doing my research first, not only will things turn out a little differently, but it will also give me the impetus to keep trying something new.”
The program is offered each summer by the Rider’s Center for Entrepreneurial Studies with support from the New Jersey Bankers Charitable Foundation and the Uncommon Individual Foundation. At the end of the program, all participants had the opportunity to apply for a year of mentoring while continuing their business.
Rider has a long history of helping veterans and the military. Since 1865, the University has opened its doors to veterans and military service members, with most of the inaugural class made up of Civil War veterans. Today, the University continues its proud tradition of helping current and former members of the Armed Forces transition from enlistment to enlistment. Recently, Rider was ranked the ninth most military-friendly school in an annual ranking of 1,200 institutions.