entrepreneurship and the community
DESCRIPTION
This presentation discussion the importance of community support for entrepreneurs.TRANSCRIPT
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Entrepreneurshipin the
Community
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A few data points…• 27 million small businesses in the US• 60 to 80% of all new jobs• Average and median age of company
founders: 40• 95.1% bachelor’s degrees, 47 % advanced
degrees• Less than 1 % came from extremely rich or poor
backgrounds• 59.7 % had at least one child 43.5 %had two or
more• Average number of businesses launched: 2.3• 74.8 % indicated desire to build wealth• 51.9 % were the first in their families to launch a
business• 75.4 % worked at other companies more than six
years
From “The Anatomy of an Entrepreneur” – Kauffman Foundation
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Entrepreneurship is good!
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Entrepreneurship is not wasted on the young…
…but the wisdom of maturity is a growth industry!
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Businesses are born and businesses die.
Churn is a sign of a healthy environment.
We need to celebrate failure!
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There has never been a better time.
Women
Minorities
“Seniors”
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Wealth creation tends to stay at home.
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The role of the community
1. Mentoring2. Networking
3. Engage big business
4. Organize the wealthy
5. Provide support
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The role of the community
1. Mentoring
• experience• network• accountability• sounding board
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The role of the community
2. Networking
• expertise• customers• funding• other entrepreneurs
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The role of the community
3. Engage big business• first customer• sponsorships• mentoring
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The role of the community
4. Organize the wealthy• leadership
• sponsorships• angel capital
funds• mentoring
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The role of the community
5. Provide support
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