Creating an Entrepreneurial Culture/Community

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Creating an Entrepreneurial

Culture/Community

Dr. Deborah M. Markley

Co-Director

RUPRI Center for Rural

Entrepreneurship

7th Annual National

Value-Added Ag Conference

Indianapolis, Indiana

June 16-17, 2005

Unique Challenges to Rural

Entrepreneurship

Culture often does not support entrepreneurship

Entrepreneurs are isolated from peers and mentors

– networking difficult

Entrepreneurs fly below the radar screen of local economic development officials

Rural communities “waiting to be saved” – dependency alive and well

Need to take a portfolio approach to investing in entrepreneurship - challenging

Why create an entrepreneurial culture/community?

 Entrepreneurs thrive in a supportive environment

 In a supportive culture, leaders accept losses that WILL occur but continue support for entrepreneurship anyway

 Outcomes from entrepreneurship occur over the long term – need a culture of entrepreneurship to stay in the game for the long haul

How to create an entrepreneurial culture/community

 Leadership

 Youth engagement

 Celebrate Success

 Learning from others

Leadership

Broad based: immigrants, women, new arrivals, young people

Involve entrepreneurs: “by and for entrepreneurs”, engage them where they are

Engage community in strategy development: seek input; share results

Policy change: entrepreneur-friendly policies send a message (e.g., zoning for homebased businesses)

Example: Georgia’s Entrepreneur

Friendly Communities

 Statewide, community-based Entrepreneur

Network (ENet): GA Tech in partnership with state ED

 Community process to establish entrepreneur support program: review visit to determine E Readiness; strongly focused on assets

 Learning network of E Friendly communities

Example: Home Town

Competitiveness

 Leaders are made, not born

 Ord Nebraska: Leadership Quest program

Formal, skill building program: 20-25 people annually (including youth)

Meet monthly for 9 months

More people running for office, working on community projects, serving on boards

Recognized by Nebraska as top rural development strategy in 2003

Youth Engagement

 View youth as change agents

 Leadership (as in HTC)

Entrepreneurship education in schools, after school programs

Need to move from “teacher driven” to institutionalized approach

– Consortium for Entrepreneurship Education national standards

Examples: Curriculum and WV

Dreamquest

Rural Entrepreneurship through Action

Learning (REAL): curriculum for K-16; experiential learning

(www.realenterprises.org)

Mini-Society: 8-12 year olds; experiential

(www.minisociety.org)

WV Dreamquest: high school business plan competition (www.wvdreamquest.com)

– 1 st year, over 150 students participated

Celebrate Success

 Celebrate to reinforce cultural change (news stories about entrepreneurship)

 Celebrate to maintain and build momentum

(highlight successful entrepreneurs, E of the year)

 Celebrate to influence policy makers (joint ribbon cuttings)

 Encourage innovation (business plan competitions, youth entrepreneurship awards)

Example: Fairfield Iowa’s

Entrepreneurs’ Association

 FEA created in 1989 – by and for entrepreneurs (mentoring, networking, seminars, “boot camp for entrepreneurs”)

 Celebrate E of the year, E Hall of Fame, new start ups

 Over 20 years: created 2,000 jobs; tripled per capita income; rank in top 5 in per capita charitable giving; “Silicorn Valley;” headquarters location for 50 companies

Where do you begin?

Important to get started – don’t need elaborate strategy to write a story or feature entrepreneurs at a chamber dinner

There are tools and resources available – coming soon! E 2 Energizing Entrepreneurs:

Charting a Course for Rural Communities

Visit our website – www.ruraleship.org

Right now…

 Start by networking

– Find one person in this room who you DO NOT

KNOW

– Introduce yourself and ask what is happening in his/her hometown to encourage entrepreneurship or to build an entrepreneurial community

– Share what you are doing in your community

– Exchange business cards, follow up!

For More Information

 Deb Markley

– dmarkley@nc.rr.com

 Don Macke

– don@ruraleship.org

 Brian Dabson

– brian@rupri.org

 www.ruraleship.org

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