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While starting a business is a common new year’s resolution, soon-to-be entrepreneurs make the leap for a variety of reasons. To effectively support any entrepreneur, you must develop an infrastructure of resources in your community. Early-stage entrepreneurs, like all entrepreneurs, have their own set of unique needs.
Entrepreneurs are a hardy breed. While the circumstances of the last 20 months have been challenging, those with an entrepreneurial mindset have adapted to overcome each successive obstacle. Even large companies have begun to recognize the value in thinking entrepreneurially. More entrepreneurs, new needs.
Supportingentrepreneurs and early-stage businesses is key to economic mobility, opportunity and growth. Learn how two mayors have spearheaded entrepreneurialecosystem development in their communities.
While it appears the SBA will be applying this approach to the existing SBA-funded national network such as SBDCs, SCORE and Women Business Centers, the announcement indicates a new funding opportunity will soon open for states, tribes, units of local governments and other nonprofit organizations. What is the SBA Community Navigator Model?
We are experiencing unprecedented opportunities for communities to evaluate how best to respond to short-term needs while building resilient solutions for long-term success. Having worked in over 100 communities for over 18 years, SourceLink understands that with ecosystem-building there will never be a check box to mark “done”.
The concept of building networks of support, or what has sometimes been referred to as, forging “entrepreneurialecosystems”, has been a key focus for many advancing the idea that innovation and entrepreneurship will be the future of not just our recovery- but the necessary inclusive pathway for economic advancement and wealth building for all.
I’ve added some of those insights here while I work on a more comprehensive resource guide to mapping entrepreneurship ecosystems. What is Ecosystem Mapping and Why Do It? Ecosystem mapping can be thought of as the practice of observing, analyzing and visualizing an entrepreneurialecosystem.
Aspiring entrepreneurs and small business owners in Nebraska now have access to a premier network of interconnected support resources that spans the 76,878 square mile state. From inception to implementation, ecosystem building can be a complex process, and it does not happen overnight. affiliate, SourceLink Nebraska !
Today marks the start of Global Entrepreneurship Week, an annual initiative that shines a light not only on the value entrepreneurs bring to our communities and global economy, but also the importance of building infrastructures that make it easier for them to start and scale their businesses. Entrepreneurs new “home” in Central Florida.
Entrepreneurs and changemakers from across the country will gather in Dallas June 12-14, 2025, for the return of the Good Soil Forum, presented by Wells Fargo. Known for igniting purpose-driven business growth, this years event will feature none other than media icon, philanthropist, and entrepreneur Oprah Winfrey , who will join T.D.
Creating inclusive entrepreneurialecosystems can help close the wealth gap , as entrepreneurship offers one of the greatest opportunities for personal wealth building. Consider how you can partner with trusted organizations in your community to reach underrepresented groups who need customized support.
I think what I am most passionate about is having the opportunity to connect my interests, my career and experience with the change I want to achieve in my community. As entrepreneurs, it is natural to feel fear or uncertainty about what will happen to our projects, and I think that is a common denominator for many of us. government.
After three eventful years , I’m excited to say that my new book— The Startup Community Way: Evolving an EntrepreneurialEcosystem , with Brad Feld —is officially available to the public today! Today, it is understood that communities of support and knowledge-sharing go along with other resources.
Geography does not determine success—it may surface some unique challenges, but it also gives unique opportunities. One of my favorite thought leaders, Don Macke with the e2 Entrepreneurial Communities , often talks about the fact that entrepreneurial talent is universal, but thriving entrepreneurialecosystems are not.
Individuals who had never considered launching a startup began creating businesses out of a combination of necessity and opportunity. and abroad with entrepreneurship at the forefront, it’s more important than ever to rethink and reboot as one global ecosystem to support a more sustainable and equitable world.
After collectively witnessing many of our main street and small businesses across the country close in 2020, there arose a new sense of appreciation for the value entrepreneurs bring to our communities and our economy. In 2021, we saw new programs and funding opportunities from the EDA and SBA to rebuild, sustain and grow entrepreneurship.
SourceLink®, the National League of Cities (NLC) and the Ewing Marion Kauffman Foundation are pleased to announce the results of recent efforts to advance entrepreneurial development in Kankakee and Belvidere, Illinois. Entrepreneurialecosystem expertise. Kankakee SourceFinder.
A leading voice in the entrepreneurialecosystem, EO will support GES 2016 by fostering personal and professional development through special mentorship and networking sessions, which are designed to educate, inspire and encourage innovation in youth, women and early-stage entrepreneurs.
However, despite the marked increase in women’s engagement in entrepreneurial activity, there are still far more male than female entrepreneurs in most countries, and there is also a need for greater support and funding for women looking to start and scale their businesses. After all, you can only be what you can see.
Goal 6: Universal Support: Expand external stakeholder understanding of and support for ecosystem building. There is a better way, and many of us know it—entrepreneurialecosystem building. But ecosystem building still hasn’t gone mainstream—it’s a mostly unknown approach to economic development.
A Glimpse Inside The Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream Today, my second book, The Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream , was released by Simon & Schuster?—?but but its message has been more than a decade in the making.
These insights from top entrepreneurs benefit EO members plus the entire entrepreneurialecosystem. Set Goals Like Google: Why OKRs Surpass Other Goal-Setting Methods for Entrepreneurs Eric Crews (EO Boston), founder and CEO of management consulting firm Crews & co., shared his preferred goal-setting methodology. “I’ve
While the entrepreneurial journey can be deeply fulfilling, it’s important to acknowledge the mental health struggles that often go hand-in-hand with the challenges, uncertainties, and responsibilities of starting a business. Between being a husband and a father, I get ample opportunity to engage in activities outside of managing a business.
In the process of finding, funding, and supporting startups that will transform their markets, investors can get caught up in KPIs, ROI, and other three-letter success indicators. How often do we consider those factors in the context of portfolio support? Founders are not machines. I’d argue not enough.
How Capsule is supporting young women to build thriving businesses Despite Romania’s growing startup ecosystem, women founders remain disproportionately low. Its a striking reminder that beyond financial resources and business plans, confidence and support networks are essential for female entrepreneurs to thrive.
We found one of those exemplary steps in southern Virginia where the Dan River Region EntrepreneurEcosystem recognized the need for an ecosystem coordinator and rallied their stakeholders to hire the first entrepreneurialecosystem builder for the region. The need for an ecosystem builder.
Don Macke – Senior Vice President, e2 EntrepreneurialEcosystems. Nathan Ohle kicked things off by acknowledging that in recent years, the IEDC has broadened its understanding of the importance of small business growth and entrepreneursupport and how vital these strategies are to the prosperity of communities of all sizes.
As the extent and impact of COVID-19 becomes more apparent, entrepreneurs and small businesses are on the front lines of its devastating impact–and with their demise comes potentially catastrophic economic losses for local communities. According to JP Morgan Institute , 50 percent of small businesses have less than 30 days of cash on hand.
To that end, it has released a manifesto, outlining initiatives it hopes will help New Zealand become more entrepreneurial. Wellington-based entrepreneur and investor Dave Moskovitz has been the chair of GEN New Zealand since 2019. “We Moskovitz is an entrepreneur’sentrepreneur.
systematic racism and sexism) have led to extreme differences in the opportunity to achieve the American dream of prosperity and wellbeing. To level the playing field, it is imperative that leaders take steps to support inclusive innovation. Successful and Inclusive EntrepreneurialEcosystem.
However, in the not-too-distant future, Gust will add support for “un-affiliated” angel investors, provided that they are able to verify their accreditation status and bonfides. Above is a screen shot I just took of my Gust investor dashboard.
Cultivating a culture and practice of diversity, equity, and inclusion (DEI) has become a core principle for entrepreneurialecosystem builders. Kate Jackson, an ecosystem builder in the Chicago area, described the ‘why’ of this beautifully. That’s the only way we are going to make our ecosystems equitable and resilient.”. “We
Dozens of ecosystem builders share their perspective on what an entrepreneurialecosystem builder is, and does. One of the challenges in turning ecosystem building into a recognized profession is the lack of a recognized definition for what it is and what an ecosystem builder is. This shouldn’t come as a surprise.
Six successful restaurant and retail entrepreneurs will be matched with a team of high-level consultants and executives from diverse fields and given the tools to uplevel their growing businesses. . It is a description for a new entrepreneurialsupport pilot program launching in Franklin County, OH in January of 2020.
If you’re feeling like your entrepreneurialecosystem engagement has been dormant, you’re not alone. During the pandemic, many ecosystem builders have felt challenged maintaining meaningful engagement with their network. Are we equipped to serve all entrepreneurs, including diverse and underrepresented groups?
Practical Metrics and Methods (Practitioner Edition): Identify and develop better metrics and methods for ecosystem building. In a nutshell : There are many metrics and methods in use in entrepreneurialecosystem building, but they are not all widely adopted. Metrics can reflect the strengths and challenges of an ecosystem.
Ecosystem builders exist in a variety of places, such as communities, organizations, industries, etc. Data today, 3-5 years later will not support that notion though. We’ve also had some success in convening ecosystem actors to discuss and share programs, refer entrepreneurs, etc. ”(Startup Champions Network).
Impact Hub is one of 40 leading organizations to form ‘COVID Response Alliance for Social Entrepreneurs’. More information about the COVID Response Alliance for Social Entrepreneurs here. . Cumulatively, the 40 members support more than 15,000 social entrepreneurs reaching 1,5 billion people in over 190 countries.
We reached out to Brianna Ellison, director of community engagement for Verizon, as part of our initiative to bring the Verizon Small Business Digital Ready program to Michigan entrepreneurs and aspiring business owners. Brianna Ellison. It concludes with a Pitch Showcase awarding at least $25,000 in prize money. How do we bridge this gap?
We aim to help entrepreneurs in those stages. Newtopia started with conversations during the pandemic, and now we see a big momentum for transformation of traditional sectors and the talent to make businesses out of these opportunities.”. However, we see a gap in investments in seed and road to Series A,” he added. “We
Goal 7 Sustainable Work: Develop professional recognition and resources for ecosystem builders. In a nutshell : Entrepreneurialecosystem building requires perseverance. In this void, they must often rely on their instincts, personal support systems, and ad hoc revenue streams. Read Mel’s spotlight. Goal 7 in the field.
Who do you picture when you hear the word “entrepreneur?” As Forward Cities journeys with communities to develop equitable entrepreneurialecosystems, one thing we are learning is that our collective imagination around entrepreneurship will have to expand.
This post is part of a series featuring highlights from the Unsung Heroes of Ecosystem Building campaign which shone a spotlight on 40+ entrepreneurialecosystem builders from around the U.S. Not everybody can do ecosystem building; it’s a talent that is developed through experience and education, connections and networking.
. “Their dedication and ingenuity exemplify the vibrant entrepreneurialecosystem thriving in our community.” For nearly 40 years, Ben Franklin has been providing investment capital, business support services, and operational assistance to emerging tech startups and small manufacturers.
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