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So…You want to be an Entrepreneur. Agenda. Introductions Startup climate Evaluate your idea Identify additional resources. 2. 2. 2. Food for thought. …nearly HALF of the 2008 Inc 500 , and more than HALF of the 2008 Fortune 500 were born during recessions or bear markets….
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Agenda • Introductions • Startup climate • Evaluate your idea • Identify additional resources 2 2 2
Food for thought.. …nearly HALF of the 2008 Inc 500, and more than HALF of the 2008 Fortune 500were born during recessions or bear markets… Source: Inc magazine, June 2009
Identify Business Ideas • Looking Inward • Networking • Looking Outward
Do I have a good idea? • Market Research • Industry • Customer • Competition • What information to collect • Business Idea Evaluation
Do you have the ‘Right Stuff’? • Assess Entrepreneurial Characteristics
US Small Business Administration (SBA) State of Michigan: MEDC/DLEG Resources EDCs, Municipalities Private Sector Service Providers: Banks, Attorneys, Accountants, Consultants The Small Business Owner and Team The Small Business CEO and Team Universities/Colleges: (Tech Transfer, MMTC, Engineering, Entrepreneur Centers, etc.) Export Assistance Centers & District Export Councils Smart Zones Accelerators Incubators Procurement & Technical Assistance Centers (PTAC) Angel/Venture/Inventor Forums Legislators, Advocates Chambers of Commerce, DDAs Trade Assns, Membership Organizations MSU Extension & Product Center
Supported locally by Phone: 989.386.6630 www.misbtdc.org The Michigan SBTDCTM The MI-SBTDC™ is funded through a cooperative agreement with the U.S. Small Business Administration, the Michigan Economic Development CorporationSM (MEDC) and matching funds from Local Network partners in each region.