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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
This workforce solution is 100% funded by a grant awarded by the U.S. Department of Labor, Employment and Training Administration, TAACCCT grant agreement # TC-22505-11-60-A-25.The solution was created by the grantee and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. Massachusetts Community Colleges are equal opportunity employers. Adaptive equipment available upon request for persons with disabilities. This work is licensed under a Creative Commons Attribution 3.0 Unported License CCBY3.0 http://creativecommons.org/licenses/by/3.0