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e ntrepreneurship success – one approach at a time

e ntrepreneurship success – one approach at a time. Columbus OH Nov ‘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?

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e ntrepreneurship success – one approach at a time

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  1. entrepreneurship success – one approach at a time Columbus OH Nov ‘10

  2. 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? #4No spec building? park? not ‘desirably located’? #5 Impact…sustainability…effectiveness…inclusiveness #6 Utilize existing resources / what else?

  3. 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

  4. 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

  5. How did we approach the issues? #3 How does a state reach businesses statewide? • Through smart communities “Entrepreneur Friendly”

  6. 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

  7. 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

  8. Georgia’s “Entrepreneur Friendly” Initiative

  9. 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

  10. Why network??? ~ ~ ~ ~ ~ ~ ~ ~ 90% of what entrepreneurs learn, they learn from _______ ??? ~ ~ ~ ~ ~ ~ ~ ~

  11. Are entrepreneursborn or made? ~ ~ ~ ~ ~ ~ ~ ~ _______% of 9th graders want to start their own business; by 12th grade, ________% still want to. ~ ~ ~ ~ ~ ~ ~ ~

  12. 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

  13. What we know… Do you think that a recession has anything to do with innovation?

  14. GEORGIA welcomes you in 2011

  15. Georgia Department of Economic Development the best way to predict the future Is to invent it… Thank you!! Mary Ellen McClanahan Director, Entrepreneur & Small Business Development Georgia Department of Economic Development 404.962.4820 memcclanahan@georgia.orgwww.georgia.org/smallbusiness facebook.com/georgiaesb twitter.com/georgiaesb

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