Exploring Entrepreneurship for Your Region. Reflecting on the Previous Sessions. What characteristics of the region led to your interest in cultivating entrepreneurship as an economic development strategy? What regional clusters do you hope to advance with entrepreneurship development?.
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What characteristics of the region led to your interest in cultivating entrepreneurship as an economic development strategy?
What regional clusters do you hope to advance with entrepreneurship development?
Explore the tools and resources necessary to develop an action plan to enhance regional entrepreneurship development
Person whose goal is to create or capitalize on new economic opportunities through innovation
Processthrough which entrepreneurs create and grow enterprises
Communitywhere significant economic and social entrepreneurial activity exists within an effective system of public and private support
Policies and practices (public and private) that foster entrepreneurship
Source: Based on Dabson and Wilcox (2012)
Serve local needs or export?
Recruit from outside or grow locally?
Fast growing or slow and steady?
Inventory existing programs
Gauge community readiness
Weigh leadership support
Identify existing business networks
Inventory existing businesses
Interviews with local entrepreneurs:
Assess ambitions and needs
Identify regional barriers
Regional Economic Accounts
(Bureau of Economic Analysis)
Non-employer Statistics (Census)
County Business Patterns (Census)
Survey of Business Owners (Census)
Panel Study on Entrepreneurial Dynamics
Immigration and diversity
Source: Markley et al (2005)
Three Phases of Innovation
Source: Tawari, Buse and Herstatt, 2007
Informalgatherings of entrepreneurs to share experiences and information
Connecting entrepreneurs with the right people
at the right time
Asset mapping can help you identify under utilized assets within your region
Equally important is identifying those assets which may be at or over capacity
“Good plans shape
That's why good planning helps to make elusive dreams come true.”
Lester Robert Bittel