Exploring Entrepreneurshipin Your Region

Overview

•Review concepts presented/learned from homework videos, PowerPoint

•Map the existing entrepreneurship ecosystem in the region

•Conduct a regional assessment of the entrepreneurship ecosystem

•Develop a plan of action to enhance the ecosystem

Why Create Businesses to Grow Jobs?

Number of Establishments

by Employment Size

2000 2011

StageEstablishm

entsProportion

Establishme

ntsProportion

Stage 0 2,656 27.0% 4,265 29.8%

Stage 1 5,291 53.9% 8,362 58.3%

Stage 2 1,719 17.5% 1,574 11.0%

Stage 3 144 1.5% 118 0.8%

Stage 4 15 0.1% 15 0.1%

Total 9,825 100% 14,334 100.0%

Number of Jobs by Establishment Stages

Year 2001 2011

Stage 0 2,656 4,265

Stage 1 19,845 26,249

Stage 2 44,284 40,192

Stage 3 25,166 22,301

Stage 4 22,567 19,054

Total 114,518 112,061

Sales ($ 2011) by Establishment Stages

Year 2001 2011

Stage 0 314,121,481 311,229,386

Stage 1 2,374,185,018 2,091,733,596

Stage 2 5,165,733,452 3,585,000,539

Stage 3 3,115,060,907 2,227,549,112

Stage 4 2,591,496,714 1,177,048,361

Total 13,560,597,573 9,392,560,994

What Does It Look Like to Support Entrepreneurs?

Entrepreneur & Small Business Development

Components of Success

Networks, Mentoring and

CoachingTraining & Technical Assistance

Youth Entrepreneurs

hip

Access to Capital

Supportive Environment

Charting the Region’s Entrepreneurial Ecosystem

Assessing the Effectiveness of Our Region’s Entrepreneurship Ecosystem

Drafting Your Regional Plan of Action

“Good plans shape

good decisions.

That's why good planning helps to make

elusive dreams come true.”

Lester Robert Bittel