Page 6
Daily Nebraskan
Friday, April 25, 1986
ff
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it? WitoMfe WIT
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Enirepreneuring class practical
Students peddle products: catering to condominiums
By Mary Nell Westbrook
Staff Reporter
Lincoln businessmen could buy a
new brand of beer, professional bar
catering, condominiums and other
the College of Business
items at
Tuesday,
These
students
items were products of
in Wilbur Bailey's class
called Entreprenuership and Ven
ture Capitalism.
For their final, students decided
on a product they thought would
appeal to the investors. The goal
was to generate enough interest to
actually get business people to
invest in the products, Bailey said.
A panel of three volunteers and
Bailey decided the fate of the stu
dents' business ventures.
Each investor had a hypothetical
$500,000 to invest.
The RBR Management group, con
sisting of senior business majors
Jordon Brasch, Robert Rentfro, and
Todd Rivers, proposed a real-estate
development plan that would con
vert a 13-st ory historical building on
16th and Jackson Streets in Omaha
into condominiums. The group said
it needed $1 million. Investors gave
the group $1.5 million.
Mixers and Pourers, Inc. proposed
a professional bartending and social
cat ering service. This service, which
would start in Denver and then
franchise, would provide liquor cat
ering to parties and social or politi
cal functions just like a food cater
ing sen ice, said Cary Deschene, the
senior business administrat ion major
who presented the project.
Deschene said he actually plans
to pursue the project when he grad
uates. "We'll be seeking financing within
the next year," he said.
"I really see a void in the market
for this kind of service. I think it
will do well."
Mixers and Pourers, Inc. asked
for $825,000, but received only
$300,000.
A third group wanted to re-open
Omaha's Falstaff brewery and brew
a new brand of beer called Peter
MacFarlaan's "Peter Mac's " Pale
Ale.
Brad Keester, the group's spo
kesman and a senior business major,
said he thinks the product would be
marketable if the company could
get people to forget about Falstaff.
The group requested $500,000,
but investors gave them nothing.
Even though a person may not do
as well as another, the experience is
invaluable, panelists said.
Dave Roeher, a 1978 UNL gradu
ate who now works as a certified
accountant and a tax manager, com
mended t he class's hands-on expe
rience. "I wish they would have done
something like this when I was in
school," he said.
Pete Allman, a 1979 UNL gradu
ate who now is sales and service
manager of his family business
said: "This project gives you fantas
tic, practical experience. More clas
ses should be done like this."
John Dittman, a 1984 UNL gradu
ate who now works as credit depart
ment manager for Cornhusker Bank,
said it's a "real" world experience!
"You get an opportunity to inter
act with people in the business
world; it's not pure theory," he said.
"The students prepared excellent
examples, and I am amazed at the
work put into them."
The presentations were similar to
what actually happens in the invest
ment world, Dittman said.
Bailey said he hopes the projects
encourage new businesses to start
in the state to offset the failing
agricultural economy.
He said Nebraska's start-up rate
for new businesses is only half the
national average. "We have to keep
trying new businesses to try and
make them stick."
More business proposals will be
presented today.
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l P.O. Box 83430
Lincoln, NE 68502
ASUN senators pass
farm foreclosure bill
By Eric Paulak
Staff Reporter
1
The ASUN senate passed a bill Wed
nesday requesting the Legislature to
extend the time allotted to farmers
during a foreclosure.
If the Legislature passed such legis
lation it would not forgive any portion
of t he debt, but would allow only for an
extension of the payment period.
Doug Weems of the College of Arts
and Sciences said if the bill passed,
farmers could have up to two years to
settle a foreclosure with their bank.
Weems said the Legislature passed
similar legislation to the one requested
for Nebraska banks. Because of that
legislation, up to 35 banks have been
saved from being foreclosed upon, he
said.
David Fiske, graduate college sena
tor, was against the bill.
"In the Seventies, we had an over
capitalization of agriculture. We are
now trying to fix that," he said.
Tim Howard, graduate college sena
tor, said banks would not be hurt by the
legislation. If a bank's survival depen
ded upon one foreclosure, the farm
would have to pay it as soon as possi
ble, he said.
Most banks lose money on foreclo
sures, Howard said. The banks would
be better off if they would get their
money after a definite period of time
set by a court, he said.
If the Legislature continues to allow
banks to foreclose on farms, the farmers
will be forced into the cities and
Nebraska could be turned into a wel
fare state, said Ed Miller, graduate col
lege senator.
According to the legislation's word
ing, the law would be unconstitutional
unless there were a farm crisis, Weems
said. Nebraska is in the middle of a
farm crisis now, he said.
2 UNL students
win video awards
Two UNL students took top honors at
the Lincoln International Television
Association-Student Video Competit ion
recently.
Mike Grudzinski, a senior broadcast
major from Lincoln, won "best of show"
for his 30-second "Farm Field Day"
spot.
Rick Olderbak, also a senior broad
cast major from Lincoln, earned the
"award for creativity" for his 60-second
"Classic Coke" commercial.
. . . they' re all headed for
the Grand Opening of
ll-7Mon.-Thurs.; 11-9 Fri.
10-6 Sat.; 12-5 Sun.
East Park Plaza (on 66th St,)
Prize drawings
Free posters
New comics every Thursday!
Science Fiction & Fantasy Books.
Dungeons & Dragons & many more.
to get all of the latest
MARVEL COMICS"
Comic collecting
is one of the most popular hobbies in
America. Don't miss out on your share
of the fun!
JOIN THE CROWD.
POSITION OPENING &
RESIDENT PROGRAM ASSISTANT M
MODERN LANGUAGE FLOOR
Located in the Neihardt Residence Hall, Modern Language
Floor is a living-learning center where both language skills
and a sense of community are promoted.
Resident program assistant works under the floor
director and wi'th Student Assistants to further the
goals of both the floor and the program.
QUALIFICATIONS
- Reasonable fluency in French, German, or
Spanish.
- Good interpersonal & communication skills.
- Ability to design & promote group activities
and programs.
- Resident hall living experience (Helpful)
BENEFITS
- Room (Approximately $900 value) and an
opportunity for personal and professional
development.
Please send, cover letter, resume and a letter of recommendation
MFL ?mtm
co Jc3 Petriek $
M ThurMay 1 lOUlei'M Hl!l (0626) U