Original submitted: 4/14/06
Revised by SE/MM: 5/18/06
Final revision by SE/MM: 6/4/06
Input from DM:
Acceptance:
OUTPUTS
NETWORK
 Foster networks between aspiring entrepreneurs and
seasoned business owners
 Match successful business-owner mentors with mentees
 Organize business owners to review business plans
 Facilitate development of business owner “creativity
teams” focused on meaningful idea sharing and
productive problem-solving
 Establish an avenue for local businesses to market to
each other
 Local cadre of trained business-owners who
mentor aspiring entrepreneurs
 Aspiring entrepreneur, business-owner pairs
 A formal youth-business-plan review process
 Peer-to-peer creativity teams among business
owners
 Mutual purchases and customer referrals
among local business owners
EDUCATION
 Develop and incorporate additional e-ship courses into
school curriculums and after-school programs (includes
business plan development, marketing, etc)
 Advocate for E-ship courses among HS teachers
 Explore creation of a scholarship program with a time and
place repayment stipulation
 Explore development of a trade apprenticeship
assistance program for potential entrepreneurs
 Youth exposure to business principles during
career-shaping years
 Youth who consider/actually develop an afterschool business
 Teachers/administrators who understand and
appreciate the value of early e-ship exposure
 Financial assistance for youth entrepreneurs
who want to further their business education
 Create an inventory of good business ideas gleaned from
both successful and serial entrepreneurs
 Based on needs, host local entrepreneurial trainings in:
o Business planning
o Workforce quality and commitment
o Business mentorship
 Create a business succession/transition program
 Link soon-to-retire business owners with prospective
entrepreneurs who will assume their businesses
 Fund and arrange for local SBDC coaching
 Innovative, community-responsive
entrepreneurs
 Business owners skilled in workforce
management and quality improvement
 Fewer business closings due to owner
retirement
 New knowledge and skill development for
fledging, emergent, and business
entrepreneurs
CULTURE
POLICY
ACCESS TO
CAPITAL/
MARKETS
ACTIVITIES
TA
TRAINING
CORE LOGIC MODEL
Lake County
 Research available financial resources for start-up
entrepreneurs and coordinate their delivery
 Market Lake County as a desirable business destination
 Linkages between budding entrepreneurs and
available financial resources
 Inquiries from non-local business owners
about the possibility of relocating their
business to Lake County
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 A local foundation with a funding component
dedicated to promotion of entrepreneurship
 A formal community-specific e-ship campaign
 A revitalization plan
 Alumni visits
Continue support of Lake County Community Foundation
Plan an economic growth and revitalization summit
Spread community slogan: “It’s Our Business”
Promote entrepreneurship through local media
Start an alumni re-attraction campaign
SHORT-TERM OUTCOMES
 Youth perceive selfemployment as a viable option
 Aspiring entrepreneurs
experience business role
models
 Mentorship is an integral part of
doing business among
business owners
 Networking among business
owners is meaningful and
productive
 E-ship courses are
incorporated into school
curriculums
 Students energized by
mentorships or e-ship
programs pursue college
 Budding entrepreneurs are
well-prepared to
design/implement their local
business ideas
 Entrepreneurs proceed
thoughtfully and confidently into
new business ventures
 Developing entrepreneurs feel
supported and resource-rich
 Retiring business owners
transition their businesses to
new entrepreneurs
 Non-local businesses move
into town
 Financing is accessible to new
starts
 Local wealth stays in the
community
 The main downtown blocks are
revitalized
 Alumni explore local business
opportunities
INTERMEDIATE
OUTCOMES
 Business
mentorship is
evident as part of
the local business
culture
 Local
entrepreneurial
networks selfsustain
 A seamless and
responsive
Entrepreneurial
Development
system (EDS) exists
 Young people and
others who outmigrated return to
their community to
start businesses
 Businesses do not
retire when their
owners do
 Collaborative
economic
development is the
norm
 The community
embraces a
common
perspective and
value regarding
local
entrepreneurship
LONGTERM
OUTCOME
A regional
economy
characterized
by an
environment
and culture
that inspires
individuals to
create and
grow and
sustain
successful
businesses