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Benefits of E-Networking
• 90% of What Entrepreneurs Learn - They Learn From Their Peers
• Successful Role Models and Mentors
• Re-Define Failure as a Step of Innovation
• Senior Management Development
Why It Works
• Tap into Power of Collective Wisdom
• Not to Be Confused With Conventional Wisdom
• Power of Listening
• More Accurate, More Powerful Decisions
Changing the Culture
• Changing the Attitude About Startups
• Re-Define Failure as a Step of Innovation
• Changing Personal Culture- Juggling Priorities - Crisis Management- Heavy Workload- Mistakes- Anxiety
Mentoring Networks
• 2nd Stage Companies - Move from Ordinary toExtraordinary
• Early Stage• Micro Enterprise • Art-Preneurs• Food-Preneurs• Retail
• Entrepreneurial Practitioners
Networking Events
• Networking Circles
• Boot Camps for Entrepreneurs
• Workshops and Seminars• Networking Skills• Marketing• Sales Training• Business Planning
Fairfield’s Virtual Incubation
• 2003 Grassroots Rural Entrepreneurship Award – National Center for Small Communities and Kauffman Foundation
• Known as SiliCorn Valley –
• 2004 Entrepreneurial Community of the Year - Community Vitality Center
Entrepreneurial Capital of Iowa
• 60 Startups Have Attracted $250 Million in Venture Capital Since 1990
• 1/3 of Iowa’s Venture Capital Investment
• Software, Marketing, Financial Services, Media & Telecom
• Population: 9,600
Impact & Results
• Nearly a $1 Billion in New Equity
• 3,000 New Jobs in Fairfield - 25,000 globally
• Per-Capita Income has Tripled
• $10 million in New Construction (per year)
• New $6.5 million Civic Center Under Development - Theater and Convention Space
• Ranked #3 County in the Nation in Per-Capita Giving
Where to Start?
Peer Mentoring Programs For “Second Stage” Companies
• Immediate Impact on Economy• Role Models and Mentors for Startups• Angels for Next Generation of Entrepreneurs
The CEC Ecosystem
Community-Based Capital
Entrepreneurial Support Services
Peer Mentoring
Early Stage Venture Capital
Entrepreneurs
Network of 2nd Stage Companies, Serial Entrepreneurs and Service Providers
90% of What Entrepreneurs Learn - They Learn From Their Peers
Accelerating 2nd Stage Companies
Average Results
Extraordinary Results
Good to Great by Jim Collins
Transition Point
Examples of Diamonds in the Rough
• 100 year old Company - 10 years ago – $3 million in Revenues
• Today - Growing 30% in 2004 to $60 Million
• 20 year old Company – 5 Employees and $500K Revenues 10 Years Ago• Today – 120 Employees, $70 million in Revenue, $9 Billion Under Management
Burt ChojnowskiPast President, Fairfield Entrepreneurs Association
Managing Partner, Brain Belt ConsultingMember, Iowa Capital Investment Board
[email protected] 641.919.2163
©2005 Brain Belt
Thank You