10 Lessons For Building An Entrepreneurial Ecosystem In Your Community

by Sean GriffinEntrepreneurial Catalyst Dude@seankgriffin

A Global Movement Is Brewing

Entrepreneurship = Freedom

Entering 6th Year Of ConsciousEcosystem Development In Tulsa

Learning Through Experimentation

Lesson #1Act With An Entrepreneurial Mindset

Be An Entrepreneurial Ecosystem StartUp.

Lesson #2Work With A Small Dedicated Team

Focus On Human Capital Development & People Collecting.

Lesson #3Let Entrepreneurs Lead

Entrepreneurs Know What Entrepreneurs Need.

Lesson #4Tailor To Strengths Of The Region

Don’t Try To Be Silicon Valley or Something You Are Not.

Lesson #5Focus On The Needs Of Entrepreneurs

Meet Entrepreneurs Where They Are In Their Business Building Cycle.

Lesson #6Engage & Enroll Service Providers

Get As Many People On Board As Possible.

Lesson #7 Bottom Up, Not Top Down

You Cannot Oversight or Umbrella Entrepreneurs.

Lesson #8Business Model Coaching & Mentoring

Coach Bootstrapping, Lean, & Accelerate To Market Techniques.

Lesson #9Recognize & Reward Entrepreneurs

Promote Entrepreneurial Behavior. Entrepreneurs Grow Entrepreneurs.

Lesson #10Not All About Technology Companies

Help Non-Tech Companies Use Technology For Increased Competiveness.

From 1980–2005, Firms Less Than Five Years Old

Accounted For All Net Job Growth In The

United States.Business Dynamics Statistics Briefing: Jobs Created from Business Startups in the

United States, January 2009

New Companies Add An AverageOf 3 Million Jobs In Their

First Year, While Older CompaniesLose 1 Million Jobs Annually.

The Importance of Startups in Job Creation and Job Destruction, July 2010

565,00 New Businesses Are Created Each Month. 3,000 Of These Are

High Growth Companies. At The End Of The Year Only 300 Are Still

Operating. At The End Of Five Years Only 30 Are Operating.

Kauffman Index of Entrepreneurial Activity 1996-2010, March 2011

Stop Talking.Start Doing!

Sean@BizXe.com@SeanKGriffin