1. Small Business andEntrepreneurship DevelopmentMaureen Collins-WilliamsDirector, Entrepreneurship OutreachUniversity of Northern IowaMaureen.Collins-Williams@uni.edu#McWillie

2. Introduction to Entrepreneurship1 A Changing Economy2 Trends in Entrepreneurship3 Who Are Entrepreneurs?Microenterprises, Small BusinessInnovators and Venture Companies4 What do Entrepreneurs Need?5 Putting it TogetherAny SweetReason, Clarksville, Tennessee 3. Changing Economy1800 85% of American Workforcein Agriculture1945 43% of American Workforcein Manufacturing2000 The New Economy 4. The New EconomyKnowledge DependentRooted in TechnologyInnovation DrivenGlobalHarris VaccinesAmes, Iowa 5. Current Economic Driverso Functional Performance Improvements Digitalization SpeedWhats Next?o Broad-basedTechnology Innovations Nano Bio GreenA Better Sunscreen? 6. 565,000 businessesper month in 2010543,000 businessesper month in 20115.9% Drop*Robert Fairlie, Kauffman Index of Entrepreneurial Activity, 2012Target ClickEntrepreneurship Trends 7. Recession-reactive Entrepreneurs areMore Likely to Start SoleProprietorships than Employer Firms*Technology hasEncouragedHome Based Business*RobertFairlie, KauffmanIndex ofEntrepreneurialActivity, 2012The Business Concierge ProgramUniversity of Northern IowaEntrepreneurship Trends 8. Entrepreneurship Benefitsthe Regional EconomyDiversified Local EconomySticky BusinessLocal DecisionsNet Sum JobsNimbleMaggie Vandewalle, ArtistChattanooga, Tennessee 9. Business TA/TrainingNetworksCommunity Infrastructure(Including Business Space)CapitalElements of SupportAn economys prosperity is highly dependent on a dynamicentrepreneurship sector -GEM Study 2010 10. Business TechnicalAssistance andTrainingo 1:1 Consultingo Classroom Trainingo Workshops/ Seminarso MentoringElements of SupportHeraHub: San DiegoWomen Only CoWork 11. Capitalo The Right Kind ofCapital at The RightStage of theBusiness Life Cycleo Access to CapitalResourcesRoots Organic MarketElements of Support 12. Networkso Like MindedIndividuals Innovate,Solve Problems,Create Solutions andAccelerate Outcomeso Peer, Professionaland SocialEntreBashElements of Support 13. Community Infrastructureo Entrepreneurship IsSomething To Aspire Too Failure Is a LearningOpportunity, Not a Stigmao Physical and CulturalResources Are In PlaceGoogle Get Online EventElements of Support 14. Micro-enterpriseSmall BusinessInnovatorVenture CompanyAround The Corner Productions,Cedar Falls, IowaThe Entrepreneurship Spectrum 15. Micro-EnterpriseVery Small Business Ventureso < Five Employeeso Owner Operatedo Less than < $35,000Clustered in Retail/ ServiceOften Home-basedProfits?Shoe Fetish 16. MicroenterpriseTechnical Assistanceo Mentoring Over Counselingo Classes/WorkshopsNetworkingo Peer, Club, 1:1Community Infrastructureo Facilities: CoWorks, PopUps, Public Spaceo Respect for ChurnScrap 17. Micro-EnterpriseCapitalo Microlending