entrepreneurship success – one approach at a time columbus oh nov ‘10
TRANSCRIPT
entrepreneurship success – one approach at a time
Columbus OHNov ‘10
What are the issues?
#1 What was out there? Did WE even know?
#2 What was missing?
. . . with communities . . . with funding
#3 How does a state reach businesses statewide?
#4 No spec building? park? not ‘desirably located’?
#5 Impact…sustainability…effectiveness…inclusiveness
#6 Utilize existing resources / what else?
How did we approach the issues?
#1 What was out there? Did WE even know?
Formed network
resource providers (state, federal)
Self assessment
65/1
Cross train
200 gathered
How did we approach the issues?
#2 What was missing?. . . with communities
. . . with funding
Created community-level initiative
“Entrepreneur Friendly”
Identified funding access gap
Created loan guarantee program
How did we approach the issues?
#3 How does a state reach businesses
statewide?
Through smart communities
“Entrepreneur Friendly”
How did we approach the issues?
#4 No spec? park? desirable location? (well equipped to serve what was there??)
“New assets” Non-traditional thinking Look at things differently Realize that 90+% were small Not just chamber members
How did we approach the issues?
#5 Impact…sustainability…
effectiveness… inclusiveness
Now that you caught the car, what do you do with it?
Youth? Influences? Geographic? Non-Members?
Strategic planning / resource awareness / professional development / best practices
Georgia’s “Entrepreneur Friendly” Initiative
Establish Leadership &
Support
IncreaseCommunityAwareness
Enhance Relationshipswith State &
Federal Resources
Map LocalEntrepreneurs &
Resources
Visit and SeekInput from
Entrepreneurs
What else?
#6 Utilize existing resources / What else?
Existing Business Program Export Services Military Defense Opportunities Mentor Protégé Connection Centers of Innovation / innovation networks Supplier Match Film & Entertainment Support Creative Economies (GA Made GA Grown) Associations
Why network???
~ ~ ~ ~ ~ ~ ~ ~
90% of what entrepreneurs learn,
they learn from _______ ???
~ ~ ~ ~ ~ ~ ~ ~
Are entrepreneursborn or made?
~ ~ ~ ~ ~ ~ ~ ~
_______% of 9th graders want to
start their own business;
by 12th grade, ________% still want to.
~ ~ ~ ~ ~ ~ ~ ~
What we see…
Trending:
- US: Bankruptcies are down 11% in Q3
- Loan demand low
- Working capital
- Lending on quality projects
franchising green/environment
auction consignment
repair rental
instant messaging
What we know…
Do you think that a recession has anything to do with
innovation?
GEORGIA welcomes you in 2011
Georgia Department of Economic Development
the best way to predict the futureIs to invent it…
Thank
you!! Mary Ellen McClanahan
Director, Entrepreneur & Small Business Development
Georgia Department of Economic Development
404.962.4820 [email protected] www.georgia.org/smallbusiness
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