After reading this chapter, you should be able to answer these
questions:
What are some different types of entrepreneurship?
What characteristics lead individuals to become
entrepreneurs?
How can the business model canvas help us to describe and
assess a business model?
How do entrepreneurs finance their new business ideas?
How can entrepreneurs leverage design thinking to solve complex
problems and navigate uncertain environments?
How can government support entrepreneurship?
Exploring Managerial Careers
Maria Rose Belding, MEANS
Database
One day while volunteering at her local food shelter in Iowa,
middle school student Maria Rose Belding was forced to throw out
hundreds of boxes of expired macaroni and cheese. While Maria
carried the boxes to the trash, she walked past hungry families
waiting for food, and she considered the sheer size of the world’s
hunger problem. In the United States alone, over 133 billion pounds
of food is thrown out annually, and there are over 45 million
Americans who do not have enough to eat. Belding’s experience led
her to create MEANS (Matching Excess and Need for Stability)
Database, a nonprofit organization that creates an online network
for food pantries and shelters to communicate with anyone that may
have extra food, such as restaurants, grocery stores, and caterers.
Through MEANS’s app and website, excess food that would be
discarded is instead sent to a shelter or food pantry.
Belding knew that she needed to create a platform to connect
food pantries to food surpluses, but she did not know how. Grant
Nelson, a law student at George Washington University, cofounded
MEANS with Belding. Nelson led the data science and technology
components and built the cloud infrastructure that MEANS needed to
be successful in Belding’s goal of connecting people or
organizations with extra food to those who need it. MEANS Database
uses cloud-based software and e-mail-based communications to match
food pantries with surplus food.
Many people donate food to shelters with good intentions, but it
often is not the right type of food for a certain shelter. For
example, some shelters predominantly serve senior citizens with
health issues such as hypertension, mandating a low-sodium diet.
When a food pantry receives a ramen noodle donation, the staff
should not give it to the elderly, and might instead throw the
ramen away. MEANS allows pantry staff to post the unwanted food so
that another pantry can claim the donation. For both food
recipients and donors, the process is straightforward, and it is
free to create an account with MEANS. The shelter provides its
location, needs, and distance willing to travel for a food
dimension. On the donation end, a shelter, restaurant, or any other
potential donor of extra food can report the type and amount of
food they are trying to give away, and MEANS e-mails the local
pantries looking for that type of food. The MEANS technology
enables the transactions in which both parties must agree for the
food to be transferred.
Belding continued to build MEANS Database during her high school
studies and later as a premedical undergraduate student at American
University. She received several honors for her efforts, including
L’Oréal Women of Worth and one of CNN’s top ten recipients of “Hero
of the Week” of 2018. Belding plans to pass daily management of
MEANS to her staff and remain on the board during her medical
school studies. MEANS Database has moved over two million pounds of
food across 48 states and is exploring international
possibilities.
Maria Rose Belding is one of millions of the
world’s entrepreneurs—that is, individuals who recognize and pursue
opportunities, take on risk, and convert these opportunities into
value-added ventures that can survive in a competitive marketplace.
Entrepreneurs hail from many backgrounds and age groups—with
Belding representing young middle school, high school, and college
entrepreneurs. Entrepreneurs have in common a drive to achieve and
grow and a willingness to take initiative and personal
responsibility. Entrepreneurs frequently require other resources
such as cofounders and teams, and then must build a large network
of customers, suppliers, and other stakeholders. While MEANS
Database is a registered nonprofit, MEANS has many for-profit
competitors and partners.