Articles tagged "entrepreneurs"

Lulu Sponsors Entrepreneurs

Lulu sponsored our first eGames in cooperation with the NC State University Entrepreneurship Initiative this spring.

The Lulu eGames provides an opportunity for student entrepreneurs from all disciplines to present their business ideas in a competition format.  Students, either individually or in teams, compete for prizes totaling up to $30,000.  The competition includes several rounds of judging each spring where participants present executive summaries, business plans and prototypes for their ideas.  Bob Young’s support of entrepreneurs in the Triangle has led him to make a donation to the eGames for the next five years.  In recognition of his gift, the eGames are now branded The Lulu eGames and will serve as a great opportunity for us to build our brand on campus and in the local community.

Bob tells NBC17 the secrets to innovation

In a recent interview with NBC17, Lulu CEO Bob Young explains the secrets of his success:

  • out-innovate your competitors by offering something that doesn’t already exist
  • offer something that customers value more than price
  • distinguish your customers’ wants from their needs and deliver what they need

These are the points we keep in mind when we make business decisions, like updating our platform so that we’ll be able to move faster, consider more options and adapt more easily.