Date post: | 09-Dec-2014 |
Category: |
Business |
Upload: | therunner86 |
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Entrepreneurshipin the
Community
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
Entrepreneurship is good!
Entrepreneurship is not wasted on the young…
…but the wisdom of maturity is a growth industry!
Businesses are born and businesses die.
Churn is a sign of a healthy environment.
We need to celebrate failure!
There has never been a better time.
Women
Minorities
“Seniors”
Wealth creation tends to stay at home.
The role of the community
1. Mentoring2. Networking
3. Engage big business
4. Organize the wealthy
5. Provide support
The role of the community
1. Mentoring
• experience• network• accountability• sounding board
The role of the community
2. Networking
• expertise• customers• funding• other entrepreneurs
The role of the community
3. Engage big business• first customer• sponsorships• mentoring
The role of the community
4. Organize the wealthy• leadership
• sponsorships• angel capital
funds• mentoring
The role of the community
5. Provide support