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

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Presentation transcript:

entrepreneurship 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? #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 Increase Community Awareness Enhance Relationships with State & Federal Resources Map Local Entrepreneurs & Resources Visit and Seek Input 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 entrepreneurs born or made? ~ ~ ~ ~ _______% of 9 th graders want to start their own business; by 12 th 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 future Is to invent it… Thank you!! Mary Ellen McClanahan Director, Entrepreneur & Small Business Development Georgia Department of Economic Development facebook.com/georgiaesb twitter.com/georgiaesb