Download e-book for iPad: Investing in Entrepreneurs: A Strategic Approach for by Gregg A. Lichtenstein

By Gregg A. Lichtenstein

A compelling argument for putting entrepreneurship on the center of financial improvement presents a guidebook for the way this is often performed successfully, successfully, and equitably.

• a distinct software for mapping and coping with entrepreneurial task in a neighborhood or zone to allow the id of the strengths and weaknesses of its monetary portfolio

• 50 examples from the sector displaying the improvement of entrepreneurial abilities, the circulate of companies via lifecycles, and interventions to extend and increase entrepreneurial activity

• Illustrations that specify the options graphically

• Appendices with templates, plans, and more

• A entire bibliography of significant reference resources within the firm improvement field

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Additional info for Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy

Example text

44 Investing in Entrepreneurs Entrepreneurs at this level are designers and orchestrators of systems of businesses (each of which is a portfolio of assets). 12 This differentiation by level applies to other dimensions or aspects of the skills necessary to be a successful entrepreneur. While neither time nor space permit us to present a fully detailed representation of the functioning at each skill level, we would like to offer several additional examples. DASHBOARD METAPHOR One thing that characterizes entrepreneurs at different skill levels is the number of variables they are able to attend to at one time.

This story raises a simple question: what was different about this individual? This opportunity, to go into the woods and harvest timber, was open to everyone in his community; why was he the only one that did something about it? To us, the difference lies in what this soldier saw and did, not what or who he was. He envisioned a possibility that did not yet exist in reality—and 34 Investing in Entrepreneurs by taking action brought that possibility into being. Successfully engaging in this behavior requires certain skills.

Everyone must pass through the lower levels to get to the higher levels of skill. In other words, according to our terminology, everyone starts as a Rookie, and there are no such things as overnight successes in the development of entrepreneurial skills (nor, others would argue, in the development of any other sophisticated skill). Those entrepreneurs that we admire as stars today were, at the beginning of their careers, as naive, unskilled, and indistinguishable as any other new businessperson.

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