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We are glad you have chosen to explore the world of business. Here at Fayetteville State University, it doesn’t matter whether your future is local, carries you throughout the region, or even leads you around the globe, we take our role seriously in preparing you to adapt to opportunities and meet the challenges of the business world.
Nicholas Perkins, a 2003 graduate of the Fayetteville State University (FSU) School of Business and Economics (SBE), epitomizes entrepreneurship. Learning from his business courses and his experience as a food services manager on campus while still an undergraduate student, Perkins created a food service management business two years after he graduated. Building on his unique background and customer insights, he decided to specialize in managing cafeterias for HBCU's, governmental institutions, and business enterprises, where he saw opportunities to meet client needs more effectively than the competition. By 2011, six years after he started the business, Perkins management Services had over $10 million in revenue and over 200 employees. The company manages cafeterias at seven universities, including Johnson C. Smith, Benedict, and Morehouse. Other clients include three U.S. Coast Guard cafeterias and healthcare/senior living institutions.
As a true entrepreneur, Perkins is always on the lookout for opportunities to leverage his service management expertise to expand into new business areas. In addition to food services, Perkins Management Services now owns a dry cleaning operation (Perkins Dry Cleaners on Murchison Road, near FSU), two Charlotte area restaurants, and several fast food franchises. In total, the business has grown to over 400 employees in 10 different states.
Mr. Perkins has received multiple honors and awards recognizing his entrepreneurial business success, including:
• U.S. Coast Guard Small Business of the Year, 2011
• One of the Fayetteville News and Observer "Top 40 under 40", 2011
• Fayetteville Business and Professional League Entrepreneur of the Year, 2009
Just this year, he has been appointed to two very prestigious policy advisory boards: the North Carolina Governor's Advisory Council for Small and Historically Underutilized Businesses and the Federal Reserve Business Advisory Council. It is particularly noteworthy that this young entrepreneur is not just focused on making money for himself and his company-he has a desire to help others succeed as well. In 2012 Mr. Perkins gave $100,000 to FSU to be used to help train young entrepreneurs in the SBE. In June of this year he announced another gift to FSU-amounting to $1 million. He states that it is a reflection of his "personal commitment to support the education of underserved students that are seeking to advance in society". In addition, Mr. Perkins has agreed to serve on the SBE Dean's Advisory Board, where he will be able to contribute his insights and leadership to help the SBE continue to enhance its service to its students and its community.
As Dr. Assad Tavakoli, Dean of the FSU SBE, noted "Mr. Nicholas Perkins is an excellent example of what is possible for students with an entrepreneurial mindset and a willingness to work hard to pursue their dreams. We are very grateful for his faith and confidence in FSU's ability to give other students the tools they need to succeed as well. We look forward to the next generation of young entrepreneurs and businesspeople."
As dean of the School of Business and Economics, (SBE) , I would like to welcome you to this new academic year full of new opportunities to learn, to teach, to grow, and to succeed. We begin this year with entrepreneurial mometum. In this issue you will read about a number ofrecent awards and recognition received by the SBE and its students, faculty, and staff. But with budget cuts and hiring freezes, our school also faces challenges. We owe a special thanks to our faculty, who have had to be extraordinarily flexible and creative to help us meet these challenges.
We have also streamlined our organizational structure, shifting from three departments to two. The two new departments are as follows:
(1) Accounting, Finance, Information Systems, and Healthcare Management, chaired by Mr. Ulysses Taylor and administrative support provided by Ms. Yolanda Shaw.
(2) Management, Marketing, and Entrepreneurship, chaired by Steven Phelan, assistant chair Dr. J. Lee Brown, and administrative support provided by Ms. Vivian Humphrey
We continue to focus on fostering an entrepreneurial mindset throughout the campus. I encourage all to think about opportunities to use your unique skills and insights to create new products and services and ways of doing business that improve upon existing alternatives in innovative ways. For those who want to create their own businesses, the SBE has the resources to assist. Our faculty is also finding new ways to integrate entrepreneurship into our curriculum, so that new ideas can be developed and nurtured through course work. Whatever our students' career objectives may be, we know that each is capable of great success.
The SBE is committed to offering a high impact learning environment that provides the preparation and the tools students need to achieve their potential. We look forward to the continuing stream ofsuccess stories we are sure will be forthcoming.
Have a great year!
Another National Ranking for the FSU MBA Program
The recently released 2014 U.S. News & World Report review of U.S. online graduate business programs ranks the Fayetteville State University MBA program among the top 100 online graduate business programs in the nation and among the top 5 in the state of North Carolina.
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FSU School of Business and Economics No. 61 in Latest SSRN Business School Rankings
In June of 2014, the Social Science Research Network (SSRN) lists the School of Business and Economics (SBE) at Fayetteville State University at number 61 among its latest rankings of the top 500 U.S. Business Schools. The School is also ranked number 106 in the world. Read more >>>
Enter This Year's Economics Music Video Contest for a Chance to Win $2,500!
The Hackley Endowment for the Study of Capitalism and Free Enterprise at Fayetteville State University is pleased to announce its "2013-2014 Economics Video Contest, Markets Promote Peace." Entries are due Friday, December 12, 2014. Read more here: http://tinyurl.com/marketspromotepeace. Click on the image below for information and contest rules.
U.S. Airways Magazine Features the Uniqueness of FSU's Courses
U.S. Airways magazine writer Nancy Oakley, wrote an article in 2003 about the uniqueness of curriculum at Fayetteville State University, entitled "Ahead of the Class." The article mentioned "FSU's School of Business and Economics ranks third in North Carolina, and it's easy to see why." Click here to read the article.