Taking Multi-Cultural Business Enterprising to the Next Level A MBDO-BRN Framework February 23, 2009
<ul><li>Pathways for Small Business (Pathways)  is a collaborative undertaking involving government, private industry, non...
<ul><li>A Multi-Cultural Entrepreneurial Learning Place  </li></ul><ul><li>Focus on Simultaneous Mindset and Skill set Dev...
 
TECHNOLOGY OPERATIONS ACCOUNTING FINANCE MARKETING ORGANIZATION WORKFORCE
<ul><li>Performance Capacity-Building </li></ul><ul><ul><li>Objective Business Analysis </li></ul></ul><ul><ul><li>Define ...
<ul><li>Business Analysis  is a set of tasks, knowledge, and techniques required to identify business needs and determine ...
<ul><li>Building profits and customer relations are the two key components that make up what the small business is focused...
<ul><li>Minority businesses lack size, scale & capabilities </li></ul><ul><li>Closing the gap –  </li></ul><ul><ul><ul><li...
Urban League of Metropolitan Seattle 2008
<ul><li>Level 1 – capacity building efforts through sound operations and key person’s financial stability </li></ul><ul><l...
<ul><li>Technology </li></ul><ul><li>Operations </li></ul><ul><li>Accounting </li></ul><ul><li>Finance </li></ul><ul><li>M...
<ul><li>Owners can quickly assess their needs for highest performance efficiency and effectiveness </li></ul><ul><li>Chart...
<ul><li>The Strategy </li></ul><ul><ul><li>Entrepreneurship is first and foremost a mindset. It is the art of finding crea...
<ul><li>Rather like life itself, any business will benefit enormously if one can emerge from the maze and have vision for ...
COLLABORATIVE RESOURCE PARTNERING TO “FILL THE PERFORMANCE GAPS”
<ul><li>Primary Toolset – Organized to streamline business processes in order to execute complex business transactions, an...
Why do many businesses fail  when there are so many resources  out there to help them?
<ul><ul><li>Create a consolidated alliance of business resource providers, which would:  </li></ul></ul><ul><ul><ul><ul><l...
<ul><ul><ul><li>Develop a Resource Provider’s Checklist </li></ul></ul></ul><ul><ul><ul><li>Develop a Resource Group Direc...
<ul><li>A Business Resource Provider  is an entity, which: </li></ul><ul><ul><li>Has an assessment mechanism </li></ul></u...
<ul><ul><li>Level 1 – self-employment </li></ul></ul><ul><ul><li>Level 2 – the “family legacy firm” </li></ul></ul><ul><ul...
<ul><ul><li>Canvassed websites </li></ul></ul><ul><ul><li>Contacted business resources directly </li></ul></ul><ul><ul><li...
<ul><li>We need: </li></ul><ul><ul><li>Increased collaboration </li></ul></ul><ul><ul><li>More timely and authentic commun...
<ul><li>We need a non-traditional model, which : </li></ul><ul><ul><li>Is quick and nimble </li></ul></ul><ul><ul><li>Util...
<ul><li>Pathways  will assist and develop small businesses by providing a business analysis tool for developing an entrepr...
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Pathways Overview

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Small Business Capacity-building Strategy

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  • Someone once explained ghosts, UFOs and psychic sightings by saying, “Some things have to be believed to be seen.” I believe that we have the opportunity to build the multi-cultural small business development model that will lead both the region and nation to economic stability.
  • Pathways Overview

    1. 1. Taking Multi-Cultural Business Enterprising to the Next Level A MBDO-BRN Framework February 23, 2009
    2. 2. <ul><li>Pathways for Small Business (Pathways) is a collaborative undertaking involving government, private industry, non-profit community-based organizations, and educational institutions in a unified effort to create and grow certified small, minority, women, and socially and economically disadvantaged businesses. The goal of the collaboration is to strengthen the regional economy by bringing together small business stakeholders’ to develop and implement a common capacity-building strategy for these firms. </li></ul>
    3. 3. <ul><li>A Multi-Cultural Entrepreneurial Learning Place </li></ul><ul><li>Focus on Simultaneous Mindset and Skill set Development </li></ul>MBDOs BRN B A R R I E R S BUSINESS ISSUES EMPOWERING RESPONSE
    4. 5. TECHNOLOGY OPERATIONS ACCOUNTING FINANCE MARKETING ORGANIZATION WORKFORCE
    5. 6. <ul><li>Performance Capacity-Building </li></ul><ul><ul><li>Objective Business Analysis </li></ul></ul><ul><ul><li>Define and Organize Business Resources </li></ul></ul><ul><ul><li>Streamline the search for “real” business opportunities </li></ul></ul>
    6. 7. <ul><li>Business Analysis is a set of tasks, knowledge, and techniques required to identify business needs and determine solutions to business problems . </li></ul>
    7. 8. <ul><li>Building profits and customer relations are the two key components that make up what the small business is focused upon </li></ul><ul><li>Small companies need to bring business analytical frameworks to their decision-making </li></ul><ul><li>Every one knows what the risks are and if the decision does not work out as anticipated, there is still a risk management framework in place.  That is the value of the business analysis. </li></ul><ul><li>At the end of the process, the owner has a sound knowledge of the business and a better ability to plan the desired future of the business. </li></ul>
    8. 9. <ul><li>Minority businesses lack size, scale & capabilities </li></ul><ul><li>Closing the gap – </li></ul><ul><ul><ul><li>operate innovatively </li></ul></ul></ul><ul><ul><ul><li>change the way they think about their business, customers and competition </li></ul></ul></ul><ul><ul><ul><li>grow strategically </li></ul></ul></ul><ul><ul><ul><li>move assuredly and expediently </li></ul></ul></ul>
    9. 10. Urban League of Metropolitan Seattle 2008
    10. 11. <ul><li>Level 1 – capacity building efforts through sound operations and key person’s financial stability </li></ul><ul><li>Level 2 – establish a business “niche” and identify partnering opportunities </li></ul><ul><li>Level 3 – increase business capacity with development of human assets </li></ul>
    11. 12. <ul><li>Technology </li></ul><ul><li>Operations </li></ul><ul><li>Accounting </li></ul><ul><li>Finance </li></ul><ul><li>Marketing </li></ul><ul><li>Organizational Development </li></ul><ul><li>Workforce Development </li></ul>
    12. 13. <ul><li>Owners can quickly assess their needs for highest performance efficiency and effectiveness </li></ul><ul><li>Chart the course to the next level </li></ul><ul><li>Private sector will benefit from more capable suppliers </li></ul><ul><li>Communities will enjoy stronger leadership and economies of scale </li></ul>
    13. 14. <ul><li>The Strategy </li></ul><ul><ul><li>Entrepreneurship is first and foremost a mindset. It is the art of finding creative profitable solutions to problems. </li></ul></ul><ul><ul><li>Who Is the Entrepreneur? </li></ul></ul><ul><ul><ul><li>An Entrepreneur is a person who habitually creates and innovates to build something of recognized value around perceived opportunities. </li></ul></ul></ul><ul><li>Why do some businesses owners succeed and some fail under exactly the same circumstances and in exactly the same business? </li></ul><ul><ul><li>The difference is their point of view about what his/her business is, and what it isn’t. The difference is that successful business owners are entrepreneurs. </li></ul></ul>
    14. 15. <ul><li>Rather like life itself, any business will benefit enormously if one can emerge from the maze and have vision for where he/she is going, what he wants from it, and how she plans to get there. </li></ul><ul><li>Discovering and maintaining this vision is what Pathways for Small Business is all about! </li></ul>
    15. 16. COLLABORATIVE RESOURCE PARTNERING TO “FILL THE PERFORMANCE GAPS”
    16. 17. <ul><li>Primary Toolset – Organized to streamline business processes in order to execute complex business transactions, and to build mutually valued long-term relationships </li></ul><ul><ul><li>E3 Software Systems </li></ul></ul><ul><ul><ul><li>Matches small businesses with contracting opportunities </li></ul></ul></ul><ul><ul><li>Prime Partnership Program </li></ul></ul><ul><ul><ul><li>Engages first-tier firms in the capacity-building efforts with their second-tier partners </li></ul></ul></ul><ul><ul><li>Peer-to-peer strategic joint venturing and alliances </li></ul></ul><ul><ul><ul><li>Truckers Consortium, LLC </li></ul></ul></ul><ul><ul><li>Individual Development Plan Coaching System </li></ul></ul>
    17. 18. Why do many businesses fail when there are so many resources out there to help them?
    18. 19. <ul><ul><li>Create a consolidated alliance of business resource providers, which would: </li></ul></ul><ul><ul><ul><ul><li>Operate cohesively and cost effectively </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Create positive outcomes through effective communications </li></ul></ul></ul></ul>
    19. 20. <ul><ul><ul><li>Develop a Resource Provider’s Checklist </li></ul></ul></ul><ul><ul><ul><li>Develop a Resource Group Directory </li></ul></ul></ul><ul><ul><ul><li>Develop a Memorandum of Understanding </li></ul></ul></ul>
    20. 21. <ul><li>A Business Resource Provider is an entity, which: </li></ul><ul><ul><li>Has an assessment mechanism </li></ul></ul><ul><ul><li>Has professional staff </li></ul></ul><ul><ul><li>Offers classes & training </li></ul></ul><ul><ul><li>Provides one-on-one counseling </li></ul></ul>
    21. 22. <ul><ul><li>Level 1 – self-employment </li></ul></ul><ul><ul><li>Level 2 – the “family legacy firm” </li></ul></ul><ul><ul><li>Level 3 – the “high impact firm” </li></ul></ul>
    22. 23. <ul><ul><li>Canvassed websites </li></ul></ul><ul><ul><li>Contacted business resources directly </li></ul></ul><ul><ul><li>Conducted a literature search </li></ul></ul><ul><ul><li>Approached as a small business client </li></ul></ul>
    23. 24. <ul><li>We need: </li></ul><ul><ul><li>Increased collaboration </li></ul></ul><ul><ul><li>More timely and authentic communication </li></ul></ul><ul><ul><li>To address the intangible factors to business success </li></ul></ul><ul><ul><li>To provide a more effective response to business needs </li></ul></ul>
    24. 25. <ul><li>We need a non-traditional model, which : </li></ul><ul><ul><li>Is quick and nimble </li></ul></ul><ul><ul><li>Utilizes a common language </li></ul></ul><ul><ul><li>Addresses the business owner’s actual needs </li></ul></ul><ul><ul><li>Addresses leadership and entrepreneurial mindset </li></ul></ul>
    25. 26. <ul><li>Pathways will assist and develop small businesses by providing a business analysis tool for developing an entrepreneurial map </li></ul><ul><li>Business resource providers will be more knowledgeable of their clients needs and will be better able to efficiently assist them based on their curent competitive posture and target future </li></ul><ul><li>Organizations offering business and/or contracting opportunities may mitigate risk and develop increased competitiveness for their projects </li></ul><ul><li>Communities will greatly benefit from the increase in employment provided by sustainable growth of the region’s small businesses </li></ul>
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