Success to Sustainability: More from the Core Business and Entrepreneurial Services of M State

Defining Entrepreneurship at M State 2 : one who organizes, manages, and assumes the risks of a business or enterprise Merriam-Websters.com The entrepreneur in us sees opportunities everywhere we look, but many people see only problems everywhere they look. The entrepreneur in us is more concerned with discriminating between opportunities than he or she is with failing to see the opportunities - Michael Gerber, author, entrepreneur

Core Redesign Some people dream of great accomplishments, while others stay awake and do them - Anonymous Evolution and Redesign: Entrepreneur Director Beth Pridday Lead Faculty Tony Parker Evolved Focus From Core to Advisory Board Authentic entrepreneurial experiences 3

Evolution of an “Entity”  Creating a culture of innovation and success “Entrepreneurial Spirit”  Strengthening new and nearly new business through professional development  Developing strong training services to meet present and future needs of entrepreneurs. 4

Five legs of the BES  Been There...  Credit-based offerings and degrees  Non-credit instruction and training  Doing that..  Business development services  Community outreach  Business incubation 5

Curriculum Delivery  Articulations with K-12 instruction  Building block curriculum  Non-credit to Credit  Certificate to Diploma  Diploma to Degree  Degree to University  Articulations with university programs 6

Community Building Activities  Entrepreneur for A Day  Recognition Programs  Business Plan competition  Hall of Fame  Entrepreneur of the Year  Incubator offices  Student (2)  Mixed Use (4)  Industrial (1) 7

Business Development Services 8  Small Business Resource & Research Library  Partnerships: DEED, SBDC, SCORE,USDA & WCI  Professional Support Groups  Chamber Membership  Regional Entrepreneurship  Business Incubation

Incubator Grand Opening  Regional Flavors/STEP - Non profit organizations in support of micro-enterprise  Life Choices - Individual, Children, Family, Mental Health, and Group Counseling  Aim for It Fitness - Professional fitness coach, author and speaker  Life Coach - Professional life coaching  The Clayground - Mobile paint-your-own-pottery studio  M State Entrepreneur Student Incubator Office  Two office spaces dedicated to student's entrepreneurial growth 9

Enlarging the Pie for All 10  Community Based Entrepreneurship  Grant opportunity  Using a consultant

Financial Sustainability 11  Identifying initial funding opportunities  1 st grant - $2,500  Leveraging grant funds  18 month total - $280,000  Mapping out a mix  Community Foundations  Economic Development Initiative  Financial Foundations  State Agencies  Federal Programs

Board of Advisors  Streamlining Board involvement and increasing operational productivity by creating networks  Investor  Mentor  Resource  Education  Marketing 12

Continued Speakers Successes Entrepreneurship Speakers Series  Who are our Regional Entrepreneurs?  Am I an Entrepreneur?  Make me an Entrepreneur! Call of the Entrepreneur 13

Speakers Line up 14

Our Story: Key Benchmarks for BES 15

Marketing Success for Sustainability 16  Public Relations Partners  Otto Bremer Foundation  West Central Initiative  USDA  Hubbard Co EDC  Chamber of Commerce  Earned Media/community connections  Speakers Series Coverage  Event Sponsorships  Hodge Podge (Monthly radio program)  DLYP, Rotary, Kiwanis

Questions and Contact Information Cristobal ‘Cris’ Valdez Provost, Detroit Lakes and Wadena Campuses (218) Deanna Sinclair Board Member, BES Entrepreneur (218) Beth Pridday Director, Business and Entrepreneurial Services (218) Highway 34 East Detroit Lakes, MN M State Business and Entrepreneurial Services