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Understanding Entrepreneurs

Understanding Entrepreneurs. Session 3 September, 2009. Session 3. Entrepreneurs Defined Entrepreneur Stories Many Faces of Entrepreneurs Targeting & Impact. ENTREPRNEURSHIP INTRODUCED. Entrepreneurs Defined. “ A person who creates and grows a venture.” Jay Kayne Miami University.

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Understanding Entrepreneurs

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  1. Understanding Entrepreneurs

    Session 3 September, 2009
  2. Session 3 Entrepreneurs Defined Entrepreneur Stories Many Faces of Entrepreneurs Targeting & Impact
  3. ENTREPRNEURSHIP INTRODUCED
  4. Entrepreneurs Defined “ A person who creates and grows a venture.” Jay Kayne Miami University
  5. Entrepreneurship Defined “ The process through which ventures are created.” Deb Markley North Carolina
  6. Public, Civic & Social Entrepreneurs Business Entrepreneurs Organizations Communities A Framework Many Faces of Entrepreneurs
  7. Entrepreneur Stories
  8. Situation 2002 Beth Strubbe Dickinson, North Dakota Age: Early 40s Stay at Home Mom with 3 Children Loves Children Loves Children’s Education No Prior Business Experience
  9. Impact Beth Strubbe, President FunShine Express Inc. Business Owner Preschool Education Curriculum $1 Million Plus Sales 14 Jobs Created Growing Rapidly
  10. Situation 2002 Jadyne and Mike Reichner Retired – Sequim, Washington School Teacher/Park Supervisor No Business Experience No Capital Bored
  11. Impact Co-Owners Purple Haze Lavender 8 FTE/23 Part Time $1 Million Plus Sales Revitalized Lavender Industry Sold Out & Re-Retired
  12. Kim Curtis, Shepherd’s Dairy
  13. Shirley Williams, Vanceboro Apparel
  14. Jerry Atkin, Skywest Airlines
  15. Entrepreneurial Talent “By understanding the entrepreneurial talent present in your community, it is possible to be more strategic in shaping an economic development program.”
  16. Entrepreneurial Talent Entrepreneurial Growth Companies Entrepreneurs Serial Es Growth-Oriented Business Owners Restarts Lifestyle Survival Potential Entrepreneurs Startups Aspiring Dreamers Frustrated Youth Want to be An Employee Not Working Limited Potential Can’t Work
  17. Likely Rural Targets
  18. Aspiring and Startup Characteristics They are Actively Considering Going into Business They are Actively Researching a Business Idea They are Attending Business Workshops They are Networking and Testing Their Ideas with Other Folks They are Motivated Towards a Change in Their Life
  19. Self-Awareness Sequencing Testing Pacing LISTENING Training Financial Literacy Business Literacy Feasibility Credit Access Aspiring & Startups
  20. Business Transfer Characteristics A Threat & Opportunity Replace & Reinvent the Business 30, 40 & Even 50% of All Businesses Can Not Wait Too Long to Act Closing Sale & Vacant Buildings
  21. Huge Rural Issue Discovery Early Awareness Build Trust Honest Assessment Customized Assistance Valuation Transition Planning Customer Identification Financing Business Transfers
  22. Youth Entrepreneurs Characteristics A Possibility for All Young People 40 to 60% Want to Return Most are Open to an Entrepreneur Career One-Third are Experiential Learners Do Not Forget Young Adults
  23. Find Them Experiential Learners Validate Them Mentors Classes & Training Micro Credit More in the next Session. Youth Entrepreneurs
  24. Growth Oriented Characteristics Already in Business Successful in Business Motivated to Grow New Markets New Product or Service
  25. Go to Them Listen & Learn Build Trust Solve What You Can Hard Referrals Team Building Network to Solutions Mentors Advisory Boards Capital Access Market Research Growth Oriented
  26. A Final Thought… Cycle of Progress
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