entrepreneurship success – one approach at a time columbus oh nov ‘10

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

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Page 1: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

entrepreneurship success – one approach at a time

Columbus OHNov ‘10

Page 2: 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?

Page 3: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

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

Page 4: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

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

Page 5: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

How did we approach the issues?

#3 How does a state reach businesses

statewide?

Through smart communities

“Entrepreneur Friendly”

Page 6: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

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

Page 7: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

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

Page 8: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

Georgia’s “Entrepreneur Friendly” Initiative

Establish Leadership &

Support

IncreaseCommunityAwareness

Enhance Relationshipswith State &

Federal Resources

Map LocalEntrepreneurs &

Resources

Visit and SeekInput from

Entrepreneurs

Page 9: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

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

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

Why network???

~ ~ ~ ~ ~ ~ ~ ~

90% of what entrepreneurs learn,

they learn from _______ ???

~ ~ ~ ~ ~ ~ ~ ~

Page 11: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

Are entrepreneursborn or made?

~ ~ ~ ~ ~ ~ ~ ~

_______% of 9th graders want to

start their own business;

by 12th grade, ________% still want to.

~ ~ ~ ~ ~ ~ ~ ~

Page 12: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

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

Page 14: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

GEORGIA welcomes you in 2011

Page 15: Entrepreneurship success – one approach at a time Columbus OH Nov ‘10

Georgia Department of Economic Development

the best way to predict the futureIs to invent it…

Thank

you!! Mary Ellen McClanahan

Director, Entrepreneur & Small Business Development

Georgia Department of Economic Development

404.962.4820 [email protected] www.georgia.org/smallbusiness

facebook.com/georgiaesb

twitter.com/georgiaesb