Monday. Dec. 2, 1985
Campus/Area
University Daily Kansan
7
Business aces win risky game
By David Silverman Of the Kansan staff
A new campus organization will give students an opportunity to learn about how to start their own business and make it a success, one of the group's founders said last week
George Laham, Wichita senior, is one of the organizers of the KU chapter of the Association of Collegiate Entrepreneurs. He said the group's goal was to educate students about starting their own businesses.
Education is the key to avoiding failure in a small business, Laham, who is an economics major, said. He said the failure rate for small businesses was about 80 percent. That number drops to below 50 percent when the owner of the business has training in running a small business.
"The high failure rate makes it discouraging," Laham said. "But with an understanding of the workings of a small business, the prospects for success are much better."
Two local businessmen will discuss their experiences at the group's first meeting at 7 p.m. Thursday at the Adams Alumni Center, 1286 Oread Ave. Phil Anderson, owner of Kantronics, 1202 E. 23rd St., and Mark McKee, owner of Pyramid Pizza, 507 W. 14th St., will discuss and answer questions about how they started and continue to build their businesses.
Laham said the new club wasn't just for business students. It is for anyone who ever had a business idea that they have wanted to investigate.
"People have really good ideas and never pursue them because they don't know how," he said. "ACE will give them a chance to learn about what they can do. It could turn into something big."
Robert Holmes, Salina graduate student, and James Hicks, Topeka graduate student, are working along with Laham and seven other students to form the group, which meets at Perkins, 1711 W. 23rd St., at 7 a.m. every Tuesday.
Laham, Hicks and Holmes have businesses of their own. Holmes teaches martial arts in Lawrence. Hicks owns Like New, a construction company at 213 Lincoln St.
Laham received his real estate license when he was 18 years old. At the time he was the youngest agent in the state. After working for two summers in a real estate office in Wichita, he decided to form his own real estate brokerage. He now acts as the middle-man in dealings between real estate buyers and sellers.
At 21, Laham owns real estate in Wichita. He also owns the condominium he lives in and he wants to buy four more condominiums in the same complex.
"When interest rates come down a bit, then we'll close the deal," he said.
Robbery suspect arrested after being shot at, chased
By Karen Blakeman Of the Kansan staff
An 18-year-old Lawrence man suspected of robbing a restaurant at gunpoint was arrested early Saturday morning after being chased by police officers who shot at him, Lawrence police said yesterday.
Police said the man had pointed a gun at two officers who were chasing him, but the man did not have the gun when he was arrested.
No one was injured by the gunfire.
The man was booked into the Douglas County jail at 2:55 a.m. Saturday on a charge of armed robbery. He was being held last night in lieu of $25,000 bond.
Officer Richard Nickell of the Lawrence Police Department said
police were called at 12:16 a.m. Saturday by an employee of Taco Grande, 1720 W., 23rd St., who said the restaurant had just been robbed at gunpoint.
Nickell said two officers, Sgt. Bob Lemon and Lt. Mike Reeves, who were distracted to look for the robber saw a man behind the Baskin-Robbins 31 Flavors Ice Cream Store, 1524 W. 23rd St., who fit his description.
He said the man pulled a gun out of his coat and pointed it at the officers.
Lemon fired six shots at the man, and Reeves fired one, Nickell said.
Nickell said the man did not return the fire and ran out of sight behind a building.
Nickell said the officers called for reinforcements and tracked the man by his footprints.
Serving K.U. and the Lawrence community.
- Three Convenient Locations
- FREE Delivery
- FREE Patient Profile
404 Maine 4TH & MAINE 842-3379
- FREE Medical Expense Records
- Senior Citizen 15%-Discount on All Prescriptions
The three Raney Drug Stores are conveniently located to give you the service of your own "neighborhood drug store." Each is professionally staffed with pharmacists, cosmeticians, and friendly sales people to help you in every way. Your prescriptions are filled with the finest quality medications. Our cosmetic and fragrance lines are sure to please the most discriminating of tastes. Your sweet tooth will adore our selection of Russell Stover Candies. And no matter what the occasion, our fine display of Hallmark Cards are sure to bring a smile. So ... when you need a drug store, look to your "neighborhood drug stores" Raney!
2