As of today, I can officially announce that my student-run business, the Butler Bed Buddy, was approved for a $5,000 loan to continue onto the next semester of the Real Business Experience! As a part of the first semester of the Real Business Experience program, students are required to go in front of an actual funding panel that the College of Business brings in (which are usually alumni of the College of Business) in order to hear our proposition for our business. Businesses are allowed to ask for a maximum amount of a $5,000 loan for the second semester, which they put to use in continuing their businesses full force! All of the loans are funded through the College of Business and, of course, have to be repaid at the end of the semester.
I’m really happy to be a part of the Butler Bed Buddy team, which is modeled off of our mascot Butler Blue II. This class has truly shown me why I want to be a part of the College of Business as well as becoming a global entrepreneur in the future as well. My business will be using the $5,000 loan we were approved for in order to order more products to hopefully wholesale to local companies in order for them to sell the Butler Bed Buddy as well!
My group members and I after we presented this morning!
Tagged: admission, bulldogs, butler, Butler Bed Buddy, cob, college of business, entrepreneurship, RBE, real business experience, student life, student run business, university
Sorry for the lack of blogging lately, guys! I’ve been so busy with a variety of things going on in my life at the moment, and a lot of it is actually to do with a student-run business that I helped start in my Real Business Experience (RBE) course. Our business is known as the Butler Bed Buddy, and we sell a pillow / stuffed animal that is modeled after Butler Blue II. This is what our product looks like thus far:
The Butler Bed Buddy!
The course is modeled for the university’s College of Business to loan students money to help start a business, with the goal of being able to pay off the loan & make a profit by the end of the semester. Our team has been able so far this semester to outsource our product to a manufacturer in China, build an entire website on our own, get licensing through the university to use an appropriate logo, and also more approvals to sell in certain areas on campus as well. It has taken a lot of effort, time, and work, but it’s definitely worth-while. This class has been the most hands-on class I’ve ever had, and I’ve enjoyed every aspect of it so far.
What the actual Butler Bed Buddy will look like.
The best part of the business thus far has been being able to provide a unique product to alumni, students, and families all across the United States. We’re currently selling the Butler Bed Buddy for 25$, and you can view our website above to see more information. The Butler Bed Buddy will also look like the image to the left – we were in between whether or not we were going to use the “B” or use the logo, but we got licensing to use the logo approved and that’s what we’re using. I’m going to blog about the class & business more throughout the semester, but if you’d like to follow up with us more you should like us on Facebook and follow us on Twitter for constant updates on our business! More to come soon!