Tim Pett loves the strategy of starting a business. So even though geography isn't his strong suit, the 47-year-old director of Wichita State University's Center for Entrepreneurship has no regrets about his 15 years here.

"What I love about entrepreneurship is your game plan," the Syracuse, N.Y., native said. "You have a game plan, but you darn well better modify it if you intend to stay successful. There is no boilerplate in business. Your plans cannot be set in stone.

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