Resilient Businesses Summit 11/13/10


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Resilient Businesses Summit 11/13/10

  1. 1. Resilient Businesses Summit<br />Sponsored by <br />TnRGlobal & Hidden Tech<br /> Thrives Publishing<br /><br />
  2. 2. Welcome<br />Hidden Tech<br />Economic impact in Western Mass<br />Community Economies<br />Groundbreaking work by Julie Graham<br />Missing Answers<br />What do we need?<br />Resilient Businesses concept<br />Tools for collaborating: talk.RB & other social media<br /><br />
  3. 3. Agenda<br />9:45 – 10:00 Settle in with coffee by Deans Beans<br />10:00 – 10:10 Welcome by Rich Roth<br />10:10 – 10:30 Introduction by Karen Ribeiro<br />10:30 – 11:00 5 minute partner discussion: my experience of resilience<br /> 10 minute table recap<br /> 10 minute group recap<br />11:00 – 12:00 ROUNDTABLE ONE<br />12:00 – 12:30 Recap of 1st roundtable session<br />12:30 – 1:15 LUNCH<br />1:30 – 2:30 ROUNDTABLE TWO<br />2:30 – 3:00 Recap of 2nd roundtable session<br />3:00 – 4:00 Networking and small group breakouts<br /><br />
  4. 4. Facilitators<br />Dealing with People<br />Session 1 – Ingrid Bredenberg<br />remaining flexible (even supple!) when working with friends and family<br />Session 2 – Kirsten Bonanza<br />finding and holding onto the pulse of your many stakeholders<br /><br />
  5. 5. Facilitators<br />Driving the Collaborative Economy<br />Session 1 – Dan Finn<br />fostering collaborations among peers and competitors to sustain and grow revenues<br />Session 2 – Prakash Laufer<br />reinventing yourself when markets change; embracing trends in this economic era<br /><br />
  6. 6. Facilitators<br />Creating and Spending Money<br />Session 1 – William Spademan<br />Create It! a "money <br />multiplier” game on<br />creating money locally<br />Session 2 – Rick Feldman<br />once you get the capital, what do you do with it?<br /><br />
  7. 7. Facilitators<br />Alternative Funding<br />Session 1 – Tim Cohen-Mitchell<br />bootstrapping your organization when cash is scarce; growth with non-traditional capital<br />Session 2 – Terry Mollner<br />planning for and attracting investment opportunities<br /><br />
  8. 8. Facilitators<br />Sustainability and Resilience<br />Session 1 – Jan Morgan<br />making the case for resilience as a strategic focus<br />Session 2 – Catherine Ratte’<br />local politics: what works and what could be better<br /><br />
  9. 9. Facilitators<br />Essentials of Equity and Debt<br />Session 1 – Mary Hoyer<br />getting and using equity versus debt; balancing the two <br />Session 2 – John Waite<br />taking on debt; how much do you really need?<br /><br />
  10. 10. Resiliency Story<br />Karen’s Resilience Story<br />The region’s conscience<br />Most resilient person I’ve ever met<br />Resilience Partner Discussion <br />Share your resilience story<br />“To create resilience you need more feedback loops between a community and all government levels” <br />-- Toshiro Kida, student activist<br /><br />
  11. 11. Recapping & Tweeting<br />What are our needs?<br />Understanding oneself<br />Humility<br />Expressing fears<br />Having set core values – North Star<br />Being persistent<br />Finding resourceful people<br />Staying present<br />Being creative<br />Establishing boundaries<br />What is “good enough” indiv./collect.<br />Yielding to higher road – inner wisdom / intuition<br />Passion<br />Sustaining a Vision<br /><br />Systems thinking – holistic understanding<br />Supporting others’ egos<br />Allowing diversity and collaboration – tap all skill sets equally<br />Rest – take naps / meditate<br />Remaining open to learning<br />Taking risks – thinking outside of the boss!! And box<br />Willingness to adapt self or system<br />Agility / flexibility – playful rejuvenation<br />Being curious<br />Challenging current understanding/assumptions<br />Never forget beginners mind – Lance Armstrong <br />Using pain positively<br />Have a hero to aspire to – continuous learning<br />Assertive in the face of resistance<br />
  12. 12. Recapping Roundtable One<br />What are our obstacles?<br />Imbalance in net worth<br />Lots of under utilized real estate<br />High property taxes<br />How to motivate beyond self interest?<br />How do we share assets/resources to maximize benefit for the community?<br />Lack of trust/community bonding – “I’m out for myself” vs. shared tools, food, ideas…<br />Inability to express self authentically/honesty<br />Settlement patterns (suburbs)<br />Assembling equity; collateral<br />Presenting coherent plans to lenders & stakeholders – really think out concept 1st<br />What are our ideas?<br />United Way for Business<br />Helping local banks to work together – EX-Sonoma Cty cooperation among local banks (600MM more local $ to invest)<br />Judy Wicks story – creating the community<br />Transition to new ways of collaboration – community centers, shared meals<br />Time banks<br />Tapping all ownership & investment options (family & friends (debt +/or equity) $, gov’t grants, credit, home eq., cooperative shares, PRI, cust. loans) and collateral (CD, gold/stocks, RE, contracts)<br /><br />
  13. 13. Recapping Roundtable One<br />What are our obstacles?<br />Defining and understanding resiliency<br />People do not see/listen to market signals<br />People choose not to change – especially if it isn’t institutionalized (or modeled) – or learn from past mistakes<br />Surprise regulatory shocks<br />Contract changes<br />What are our ideas?<br />Collaborating with partners/joint ventures and shared revenues; trust relationships<br />True value of mutuality – especially listening<br />Play nice – all situations are a “win win” and have respectful language<br />Have support groups (in person or virtual water cooler)<br />Diversify income stream<br />Reinvention – back to basics; team planning<br /><br />
  14. 14. Recapping Roundtable Two<br />What are our obstacles?<br />PL/KB – responding to current needs for reinventing ourselves/businesses<br />Need Gross National Happiness<br />TM/RF - <br />How can we create various clans within a larger tribal system in the Pioneer Valley that accurately represent our various stories<br />How can we maximize regional equity for the benefit of startups and other community, small biz needs?<br />What are our ideas?<br />PL/KB<br />Elevation not emulation<br />Look out for #2 not #1 – all in this together<br />No one left behind<br />Improve theater – Yes AND<br />Community based discussion – charettes?<br />Entrepreneurship in the context of serving our community happiness needs,quality of life<br />Establishing a NORM of communication that starts from the way we welcome people<br />Winning people over. No one cares what you know until they know that you care<br />Be open/understanding/absorbant/compass.<br />Go further upstream than what is obvious<br />PAPOS – people are part of solution<br />Stakeholder: inclusive of families of people who work for you, interconnected communities<br /><br />
  15. 15. Recapping Roundtable Two<br />What are our obstacles?<br />Sustaining momentum with today’s conversation – widening the circle of influence extending to diverse communities with diverse voices/interests<br />@resilientbiz<br />#resbiz<br /><br /><br /><br />What are our ideas?<br />Work in constellation in the community to freely move in and around the community but remain in one tribe.<br />Threshold Fnd. For the valley (high net worth)<br />SVN for the valley<br />Choose leaders from key organizations to bring together to create the “tribal code”<br />Enhance Hidden Tech community using tags to create collaborative matches<br />Engage the PVPC and EDC and MSBDC and ACCGS creatively<br />Meetup around the BALLE leakage calculator<br />Meetup around regional resiliency storytelling<br />Share email addresses<br />Keep talking about resiliency – Don’t eat lunch alone, other meetups, blogging<br />Meet soon – Nacul Center, etc.<br /><br />