Welcome toEntrepreneurship Curriculum: Exploring the

Opportunities

Today’s Presenters:Christine Mollenkopf-Pigsley, Dakota County Technical College

2013 NACCE Curriculum & Training Fellow

Tim Putnam, North Iowa Area Community College2013 NACCE Community Outreach Fellow

Megan BallardNational Association for Community College Entrepreneurship

Action speaks louder than words…

http://youtu.be/Qy_ZYLdy2MU

Let’s collaborate, share some new ideas, and see what we can accomplish together!

Our 5 BeliefsWhat role can community colleges play in creating

and supporting entrepreneurs?

1. Accessibility and local ties to their communities2. Collective power of the community college network3. Community colleges are the connectors in communities4. Link workforce development with entrepreneurial

development5. Expanding entrepreneurship into education is critical to

economic vitality

Establishing the CC RoleWe wanted to know:

The most essential skills required by entrepreneurs to achieve success

The most essential attributes required in a community college culture to successfully support entrepreneurs

Essential practices community colleges should engage in when serving new or current business owners

Establishing the CC Role

Research Methodology

• Delphi study conducted by Keri Heitner, Ph.D.• Objective: To reach consensus• Expert panel• Three survey rounds

Essential skills required by entrepreneurs

1) financial planning2) determining feasibility of business idea3) identifying and building a customer base4) how to recognize opportunities5) marketing6) strategic problem solving7) networking8) practical understanding of what it takes to operate a small business effectively

Essential attributes required in a community college

1) relevant programs and services2) real world experience3) collaborative, committed, involved and visible4) serve new and current entrepreneurs at all stages5) innovative and visionary6) accessible-multiple formats and options7) open-minded and flexible

Essential practices when serving new or current business owners

1) teaching real-world skills entrepreneurs need to implement their ideas and launch a business2) targeted workshops and seminars3) courses and workshops offered online and in hybrid (combined online and ground) formats

Presidents For Entrepreneurship Action Steps

1. Create or Expand Internal & External Teams Dedicated to Entrepreneurship

2. Increase Entrepreneurs' Engagement in Community Colleges3. Engage in Industry Cluster Development4. Leverage Both Community College and Community Assets to

Spur Innovation and Job Creation5. Create Buzz and Broad Exposure of your College's

Commitment to Entrepreneurship

Trend 1- The new spectrum is “Intrapreneurship” to Entrepreneurship

• Entrepreneurship as a mindset

The Intrapreneur is an employee who operates in the job role with innovation, creativity, and transforms ideas into profitable ventures, either informally or

formally.

• Entrepreneurial Thinking as a General Education course offering or in programs outside the Business Department

• Kauffman Foundation’s Icehouse Entrepreneurship Programhttp://youtu.be/VWYYrdH2CMQ

• Non-credit/customized training for companies to cultivate Intrapreneurship

• Replacing the productivity & sales training seminars for professional development

Where are we seeing it?

Trend 2- Entrepreneurship on the Career Ladder• Self-employment (full-time or supplemental) is

a viable reality for virtually any career path and any individual

• Empowering students (especially young students) to think about their long-term career goals and opportunities

• Technical Degrees redesigned to include Entrepreneurship “skills” courses as requirements, electives, or add-on certificates

• Continuing Education Offerings- “just in time” to support the needs of students, alumni & the community

http://www.fvtc.edu/public/content.aspx?ID=1209&PID=1

Where are we seeing it?

Creating Sustainable Businesses

~ 3K w/ 100+ employees

(4)

Barrier:

Interested(2)

~2.2M new firms

annually(4)

~1.7M firms 4 years

later (4*)

~10M nascententrepreneurstrying to start

~6M firms(3)

Interest Execution Sustainability GrowthEngagement

Interest:~70M

(2)US Labor Force

~140M (1)

~ 3K w/ 100+ employees

(4)

Barrier:

Interested(2)

~2.2M new firms

annually(4)

~1.7M firms 4 years

later (4*)

~10M nascententrepreneurstrying to start

~6M firms(3)

Interest Execution Sustainability GrowthEngagement

Interest:~70M

(2)US Labor Force

~140M (1)

Note: Utilizes US Census Department definition of a firm. * Assumes failure rate of new businesses is equal to that of existing businesses. Source: Bureau of Labor Statistics - 1997 (1), KCEL Materials based upon Gallup Poll (2), PSED Database - 1997(3), US Department of Census 92 - 96(4)

Working Together to Grow North Iowa:SUMMARY OF NEW BUSINESS STARTS AND PARTICIPATION

2008-9 2009-10 2010-11 2011-12

# of new business createdSince inception 1997 29

32133

35442

39643

439

# new jobs addedSince inception 1997

2351,018

250.51,268.5

1051,373

107.51,480.5

# of E-ship ParticipantsSince inception 1997 5,346

17,2775,954

23,2325,036

28,2684,057

32,325

Long Beach City College

Local, State or Federal

Government-Cities

-Redevelopment Agencies

-Workforce Investment Boards

-Economic Development Bureaus-Ports

-Business Improvement Districts

-Enterprise Zones-HUB Zones

-Free Trade Zones

Economic and Workforce

Development-Economic Development

Corps (LAEDC)-Regional Small Business

Alliance-Foundations (Kauffman,

Mott, etc.)

Industry-Professional

Associations (ASBDC)-Business Associations

-Small Business Procurement

Programs (Boeing, HP, PC Mall)

-Industry Partners (Constant Contact,

Yelp, Sprint, Google)-Foundations (Verizon, Goldman Sachs, Wells

Fargo)

Financial Institutions

-Venture Capital Funds-CDFIs-Banks

-SBA Lenders-Microlenders

-CDCs-Credit Unions

-Community Lenders-VC Forums (Kiretsu)

-Angel Investors (Tech Coast)

Community Based Organizations

-Goodwill-SBA Resource Partners (WBC,

SCORE, District office)-Incubators

-Community Action Partnerships

Other Education Institutions

-Area High Schools-Community Colleges-Private Universities

(e.g., Pepperdine, USC)-CSUs-UCs

Legislators-Congress members

-State Assembly-State Senate

-Franchise Tax Board-Board of Equalization

Small Business Development

Center

Other Resources-PTAC-DOC

-MBOC-NIST

-CMTC

Chambers of Commerce

Long Beach City College

Santa Fe Community College

Local, State or Federal

GovernmentCity of Santa Fe

Chamber of Commerce

Hispanic Chamber of Commerce

Economic and Workforce

DevelopmentWorkforce

Investment Board

IndustryLos Alamos

National Labs

Community Based

OrganizationsRegional

Development CorporationSanta Fe Arts

Council

Other Education

InstitutionsMasters Charter

School on CampusSFCC Higher

Education Center

Small Business Development

Center

Santa Fe Community College

North Iowa Area

Community College

Local, State or Federal

Government- City Councils & City Staff

- County Boards- Area Councils of

Government

State Government-Department of Economic

Development- Iowa Innovation Council-Department of Natural

Resources- State Representatives &

Senators

Economic and Workforce

Development-Local Chamber of

Commerce’s- Area Economic

Development Agencies

Commercial Entities

- State Technology Association

- Iowa Farm Bureau Federation

- Area CPAs and Attorneys

- Rural Electric Cooperatives

Federal Government

- SBA- Dept. of Agriculture- Dept. of Commerce

- Economic Development Administration

- Senators & Congressmen

Microenterprise or Financial

Institutions- Wellmark Venture

Capital-Iowa Fund of Funds

- Iowa Angel NetworkRegional Angel

Investment Networks- Area banks and credit

unions

NGOs- AgVenture Alliance- Iowa Association of

Business and Industry- Iowa Center for

Community Vitality and Microenterprise

Other Education Institutions

- Other Iowa Pappajohn Centers

- Other Iowa community colleges

- Iowa Regent Universities- Area high schools

- Area private colleges and universities

Small Business Development

Center

Other Business Accelerators

North Iowa Area Community College

Market Insight & AccessComprehensive Business Consulting

• Business Plan Review• Strategic Planning• Market Planning & Analysis• Succession Planning• Business Acceleration• Business Incubation• Manufacturing• Export/Import

Business Sparkplug• Business Assistance to both:

– Start-ups = Incubation– Existing = Acceleration

• Incubation option:– Brick and Mortar Tenant – 36 month ramp-up– Virtual – in any of our communities

• Required monthly counseling/financial review – manage to a plan

• Cultivating the dynamic entrepreneurial climate with social brainstorming and encouragement

Financing ChangeCapital Access

• NanoLoans- pre-bankable companies ($2,500)• Revolving Loan Fund- gap financing ($10-35K)• Wellmark Capital Fund- convertible debt ($150K)• North Iowa Venture Fund I & II- equity money ($300K)• State Aid Programs • Federal Aid Programs • Private Equity Funds ($100K++)

Transforming the Present & FutureEducational and Networking Events

• Launch and Grow (non-credit offering) – Assists the entrepreneur in developing their business concept and business plan

• Entrepreneur Exchange – Education & Networking featuring Local and Regional Speakers

• Continuing Education – Soft skills and technical training • Community Leaders Symposium – Promoting regional

economic development & entrepreneurship• TechBrew and Start-up weekends – Stimulating the creative

class • FabLab – Rapid prototyping and hands-on STEM education

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