Existing and Future Entrepreneurs Panel Discussion Curriculum developed in part with funding from USDA/RCDI Building Entrepreneurial Community Capacity Project Slide Narrative Comments This is a narrative to supplement the slides used during the presentation. The numbered items below correspond with the power point slides used, with the title slide being number 1. 1. Title slide: Existing and Future Entrepreneur Panel Discussion 2. Session Goals slide: the entrepreneur panel was created so participants could apply the information they gained in previous sessions and even to help them with applications in the following sessions. Hearing from respected local entrepreneurs will help the participants relate the information gained in previous sessions to their local situation. This helps to move participants learning into experiential experiences that will help them prioritize supporting entrepreneurs as an economic development initiative. 3. Question One slide: the purpose of this slide is to help class participants discover there is no set level of academic training to be an entrepreneur. With that said it is interesting to note if entrepreneurs working in the high growth industries have some level of postsecondary education rather it is a graduate degree or some formal academic classes completed. 4. Question Two slide: the purpose of this slide is to begin to identify common challenges that successful entrepreneurs had to overcome within the community. This information can be used in the strategic planning sessions to help prioritize key and immediate issues the community wishes to address. The probing question regarding how they overcame the obstacle helps to create action steps the community can take to assist entrepreneurs. 5. Question Three slide: this question is targeted at the class participants, especially potential entrepreneurs. It is hoped that the questions they raise will be used by the panel to frame their answers to future questions. The moderator should take good notes at this time so they can interject these specific questions into the remaining structured questions to help frame the panel’s responses to providing greater insight to the participants. The moderator may also wish to ask the panel to address a few of the class participant’s questions at this time. 1 6. Question Four slide: this question helps class participants learn that traditional financial resources are usually not available to entrepreneurs at start-up. It will also help the class think through potential financial methods they could create to support capitalizing emerging entrepreneurs. Having the local financial institutions participate as one time class participants may help start a latter conversation on designing financial assistance strategies. 7. Question Five slide: most start-up ventures lack funding for advertising yet these business ventures face a critical need to connect with potential customers. It is anticipated that the panel will identify the value of networking as a primary method for promoting an emerging venture is key. Examples may include how panel members connected with other local entrepreneurs to provide services and products to other entrepreneurs to build their business. In addition the panel may identify the importance of one entrepreneur recommending the services of an emerging entrepreneur to their own existing customer to meet that customer’s need. . 8. Question Six slide: this question tries to bring to focus the importance of a social network among entrepreneurs and the community to create and build businesses. The intent is to clarify and build upon the information identified in the previous two questions so class participants truly carry away the value of networks. 9. Question Seven slide: the purpose of this question is to identify the most critical support the community could provide from the entrepreneurs perspective. It is important that the panel understand the question is focused specifically on ways the community could support entrepreneurs. If the panel talks instead about a more general need it will not be identified as a possible strategy the community could address and instead be identified as something someone else is responsible to accomplish. 10. Thank You slide: this slide clearly ends the session by thanking everyone for their participation and identifies how the information gained tonight will be used by the class. 2