This presentation discussion the importance of community support for entrepreneurs.

1. Entrepreneurship
in the
Community

4. A few data points…
• 27 million small businesses in the US
• 60 to 80% of all new jobs
• Average and median age of company founders: 40
• 95.1% bachelor’s degrees, 47 % advanced degrees
• Less than 1 % came from extremely rich or poor
backgrounds
• 59.7 % had at least one child 43.5 %had two or more
• Average number of businesses launched: 2.3
• 74.8 % indicated desire to build wealth
• 51.9 % were the first in their families to launch a business
• 75.4 % worked at other companies more than six years
From “The Anatomy of an Entrepreneur” – Kauffman Foundation

12. Entrepreneurship is good!

13. Entrepreneurship is not wasted on the
young…
…but the wisdom of maturity is a
growth industry!

14. Businesses are born and businesses
die.
Churn is a sign of a healthy
environment.
We need to celebrate failure!

15. There has never been a better time.
Women
Minorities
“Seniors”

16. Wealth creation tends to stay at home.

17. The role of the community
1. Mentoring
2. Networking
3. Engage big business
4. Organize the wealthy
5. Provide support

18. The role of the community
1. Mentoring
• experience
• network
• accountability
• sounding board

19. The role of the community
2. Networking
• expertise
• customers
• funding
• other entrepreneurs

20. The role of the community
3. Engage big business
• first customer
• sponsorships
• mentoring

21. The role of the community
4. Organize the wealthy
• leadership
• sponsorships
• angel capital funds
• mentoring

22. The role of the community
5. Provide support