Author Archives: C. DAY

Non-Obvious Mega Trends

How to see what others miss and predict the future.

Rohit Bhargava, founder and chief trend curator of the non-obvious company, has taken the best of his annual Trend Report and written a Wall Street Journal bestselling book, title above.  He takes us behind the scenes at his signature Haystack Method for identifying trends.  According to Bhargava you don’t have to be a futurist or innovator to learn to think like one.  His key to understanding how to grow your business or propelling your career into the next decade lies in better understanding the present.  The future belongs to non-obvious thinkers.

 “This skill is often described as creativity, and we live in a world that celebrates it.  But finding the solution to a particularly tricky problem or discovering a world changing idea takes more than creativity –a fact discovered on a fateful day nearly two decades ago while sitting across the table from man waiting to be inspired by anyone but me.  We’re sitting in a conference room on the top floor of an office building overlooking Darling Harbor in Sydney.  As we present our epic game changing campaign idea, the first presentation seems to go well.  Unfortunately, as our pitch wrapped up our client asked the one questions we were not expecting, “What else you got?.”  I slowly realized that the only person who could remember those abandoned ideas was the junior member of the team who had taken notes in the meetings.  Summoning my courage, I broke the silence and spoke up.

I did not pull a million-dollar idea out of my head.  In fact, the truth is I don’t remember what I said.  But, I do remember how I felt.  It was my first taste of being on the other side, and I was hooked.  I wanted that feeling again.  I became an idea curator by accident.  Editing a blog, I constantly ran out of ideas so I started seeking ideas everywhere.  I scribbled possible blog topics on scraps of paper.  I save quotes from books and ripped pages out of magazines.  My collection of potential topics grew.  I started saving them is a simple yellow folder with Ideas scrawled not the tab.  It worked, and I now had plenty of inspiration for what to write about.  During this time I wrote more than a thousand articles, built a readership of hundreds of thousands people, and won several awards.

Near the end of 2010, I was reading an article about trends for the coming year.  Almost all of them were lazy, uninformed or self-serving declarations of the obvious.  Trends like the iPhone 4 and that people would express themselves more on social media weren’t trends, they were profoundly obvious observations of the world.  Frustrated to do better, I published may own list of 15 trends and called it the Non-Obvious Trend Report.  It went viral, hundreds of thousands of people read and shared it.  Now ten years later my library of non-obvious trends has grown to more than hundred predictions.  The books have been translated into eight languages and earned nine international book awards.”

This Non Obvious Mega Trends book has two important parts (editor) -(A) five key mindsets required for being a non-obvious thinker and (B) ten power mega-trends that will shape the coming decade and.  We offer taste of both below:

(A) The mindsets:  As professor Carol Dweck of Stanford researched, people either have growth mindset or a fixed mindset.  People with the fixed mindset believe their skill and abilities are set.  Those with growth mindsets believe success is the result of learning, hard work and determination.  Engaging in non-obvious thinking starts with adopting a growth mindset.  The five mindsets of non-obvious thinkers are;

  • BE OBSERVANT – See what others miss.
  • BE CURIOUS – Always ask why.
  • BE FICKLE – Learn to move on.
  • BE THOUGHTFUL – Take time to think.
  • BE ELEGANT – Craft beautiful ideas.

(B)  The non-obvious megatrends:

  • AMPLIFIED IDENTITY – People carefully cultivate how they are perceived both online & offline.
  • INSTANT KNOWLEDGE – Consuming bite-sized knowledge risks forgetting mastery & wisdom.
  • REVIVALISM – People seek simpler experiences with sense of nostalgia and trustworthy times.
  • HUMAN MODE – People place greater value on authentic, “unperfect” human experiences.
  • ATTENTION WEALTH – Attention is our most valuable resource so seek trust in communication.
  • PURPOSEFUL PROFIT – As consumers demand ethical practices, companies are responding.
  • DATA ABUNDANCE – Caution comes from ubiquity of data -useful, ownership, & who profits.
  • PROTECTIVE TECH – Increasing reliance on predictive tech brings privacy trade-offs.
  • FLUX COMMERCE – Rapid change brings continual disruption of channels and innovation.

This book is terrific for entrepreneurship.  Bhargava starts with mindsets because only those who train themselves to think entrepreneurially can recognize and then seize opportunities as they arise.  He also give his own experiences the led to his curator expertise -15 years in leadership roles at two renowned ad agencies, bestselling author of six books, keynote speaker in 32 countries around the world.  Rohit is a popular adjunct professor of marketing and storytelling at Georgetown University.

Written by the editor with generous use of book quotes.

 

 

Super Video Podcast with MSU’s Director, Center of Family Enterprise

Interview with U. S. expert in family business

Here’s a real treat to learn more about  entrepreneurship’s most common small business, the family enterprise.  The expert professor being interview is Dr. Jim Chrisman, the Director of Mississippi State University’s Center for Family Enterprise.  Jim has conducted over 500 studies of the Small Business Development Center (SBDC) program, presented at U. S. Congressional hearings, and published over 175 articles in business journals.  He is interviewed by Philip Bouchard, founder of Trusted Peer which advances innovation by advising institutions on entrepreneurship and operates this well subscribed video podcast.

Some of the topics they discuss within the podcast are the competitive advantages of family businesses, why family business is associated so closely with entrepreneurship, some of the most important family-firm-specific factors university centers should focus on, current trends in small businesses in the U. S. today, and the definition of socio-economic wealth.  So sit back and enjoy this valuable podcast:

For more on the Center for Enterprise and Dr. Chrisman – jchrisman@business.msstate.edu and Office: (662) 325-1991.

For more information on Trusted Peer and Philip Bouchard – philip@trustedpeer.com or support@trustedpeer.com, and Office  ‭(415) 218-3203‬.

Courtesy Trusted Peer’s Interview with Thought Leaders Website.

Entrepreneurship Takes Balancing Your Work, Life & Parenting.

For most of us, there’s nothing more meaningful than family and business in life. But, unfortunately, both require a lot from a person. And as a result, it can be a challenge to balance them.  Unfortunately, life doesn’t come with a manual for being a working parent. And this is especially true for “parentrepreneurs.”

As an entrepreneur, you’re primarily focused on venturing into new opportunities, drafting working strategies, and achieving results. The reasons you do this are self-improvement, portfolio expansion, and monetary gain.   Adding family to the mix can make things a bit tricky. Since now you’re also responsible for your family, your work rate and results must improve. In addition, as your business grows, you’ll have to divide and share your attention between it and your expanding obligations. Understandably, this can be tough.

The good news? No matter where you are in your entrepreneurial and family journey, there are ways to balance your work, life, and parenting.

  1. Develop a routine.   The importance of spending time together with family cannot be overstated. But, if our precious time is wasted, we can feel stressed, frustrated, and burned out. That’s why it’s vital for parent entrepreneurs to be mindful of their time management. And implementing a daily routine that fits your family’s and business’s needs can do just that. Why? Because this provides structure.

    In addition to keeping you organized and productive, a routine makes your day more predictable, which saves you time and energy. For both business and personal tasks, assign a specific amount of time, and embrace flexibility because things may not go as planned.

    Among the helpful routines you can implement immediately are:

    • First, prepare your to-do list each night for the next day.
    • Check and respond to emails at a set time each day. As an example, at 9 am and 6 pm.
    • Finally, get your meal prep on.
    • Work around your children’s schedules. For instance, set your working hours when they’re in school.
  2.  Set priorities.   Lola Wright, founder of LolaWright.com and coach at LolaWright.com, says most people overcommit to their priorities. Eventually, feelings of inadequacy can be associated with this overcommitment.  “Know what your true priorities are, and don’t compromise on them,” Wright said. “This is the most important thing you can do for yourself, your business, and your family.  What’s more, any project that is not your top priority should be delegated.“Outsource the low-priority work to somebody who has that time to spend helping you with a business,” said William Gaunitz, certified trichologist and founder of Advanced Trichology.

    In addition, Cheri Reid, owner, and operator of Huntington Learning Center in Skokie, Illinois, said there would be times when your attention will be split between your business and your family. “Don’t be too hard on yourself,” Reid added. “Priorities will ebb and flow.”

  3. Live by your calendar.  “If it doesn’t exist on my calendar, it’s not real,” said Shark Tank’s Robert Herjavec. Sound advice. The question is, though, what should be included in your calendar?

    “Because of that, I never missed a swim meet. I never missed a school play. I never missed anything,” Herjavec said. “I’d fly from L.A. back to Toronto to be with my kids for one day. That’s the great thing about having your own business — the freedom to control your schedule and do what you want with it.”

    Of course, not everyone has a chance to personally meet with their kid’s teachers, counselors, or coaches. However, even without a year’s notice, you still have plenty of time to add key dates to your calendar. Examples could be the first day of school or when they have games or recitals. Your kids may even have their own digital calendar. If so, sync their calendar with yours to prevent calendar conflicts.

    In my calendar, I reserve time for networking, learning, and relaxing, as well as date-specific appointments. However, I schedule my obligations before all of that. These include vacations, school functions, and doctor’s appointments.

    “Plan as much as you can a year in advance and stick to it,” suggested Herjavec. For him, that means booking his calendar a year in advance. To do that, he sat down with their school counselor and assistant and went over “each” holiday and event they had off.

4.  Establish boundaries and follow through on your commitments. 

Get into the habit of putting clear time limits in place. That means defining when you are available and when you are not available is what you do in this section. You can also teach your children this valuable lesson.  Unless it’s an emergency, no one should disturb you when you are unavailable. This is your time to focus on your business.

On the flip side, being available to your children, however, means being fully present for them without any distractions. The only thing that matters here is you and them. Everything else can wait.

5.  Don’t go it alone. 

Starting a business requires a village — just as raising a child does. After all, business success is never the result of one person working alone. I mean, for every Steve Jobs, there’s a Steve Wozniak beside them.

The reason? You literally can’t do everything on your own. Whether that’s because of time restraints or the skills, you don’t possess. As a parent, that’s doubly true.

Despite this, learning to let go of control is one of the hardest things for entrepreneurs. Even though delegating tasks to someone else may be necessary, it can feel uncomfortable when you build your startup from scratch.

You might want to consider hiring a virtual assistant to handle mundane tasks in your business. Depending on your needs, they can be very affordable. And, as your business grows, you’ll have more team members to help lighten your workload.

You’ll spend more time with your family if you delegate more and work less. As a result, you can focus more on taking your business to the next level and the bigger picture.

The same holds true for home life: you can’t do everything. As a family, that means planning and managing time efficiently and building supportive relationships. So, let’s say that you’re working from home, but need a couple of hours to focus on work. Ask a parent, sibling, or neighbor if they can watch the kids. Or, maybe find someone through sites like Care.com or Sittercity.

6.  Before you enter the door, stop.

“Parentprenuers need to get ready to be a parent before they open their front doors and walk inside,” says Leila Bulling Towne, The Bulling Towne Group, LLC. “Sure, you can turn off your phone and put away your laptop, yet changing your mindset is key.”

Once you cross the threshold, the role of entrepreneur changes when you become a parent, adds Leila. Make sure you put away your work baggage before dinner and before bedtime so you can be fully present.

7.   Bring your family along on the journey.

Obviously, you cannot hire your children full-time. You could, however, ask your children for help after school or when they’re home on in-service days. If the kids aren’t around, maybe you should delegate some tasks to your partner.  As well as giving you more family time, this teaches your children values that will make them stand out. Responsibility, teamwork, and problem-solving are all part of these skills.

In the past few years, I have followed Sherrie Campbell, a psychologist specializing in raising children. Campbell’s advice is straightforward and easy to understand. As Sherrie suggests, we can teach children about life to be successful by teaching them these seven values. As far as children are concerned, we all need actionable, doable information.

8.  You can compromise, but not on self-care. It does not matter whether you start a business or have a baby, your sleep schedule will be disrupted, and your hobbies will be neglected. Identify the areas you are not willing to cut out of your routine and determine how much you can compromise.  It’s essential to draw a clear line when it comes to moments of particular significance. The simple things, such as tucking your children into bed, reading a story, or watching a recital or basketball game, cannot be replaced. At the same time, it’s also essential to take care of yourself, whether by running every night or relaxing with a few minutes of meditation. As such, you should block out time in your calendar for self-care like you would for a dentist or investor appointment.

9.  Disconnect during family time.

“There’s no experience that can compare to bonding with your kids,” states Choncé Maddox. “However, family time becomes less enjoyable when you or your spouse are glued to your work while everyone is trying to spend quality time together.”  “I know it can be tempting to check your email when you’re watching a family movie,” Choncé adds. “Trust me when I say that they’ll notice how connected you are to your devices rather than them.”

Children pick up on everything, even when they are small. “When my son has basketball practice, I’ve felt tempted to bring my laptop and catch up on work,” she continues. “However, sometimes I’ve noticed he looks over at me to see if I’m watching him, especially when he makes a shot.”  “That made me realize that I didn’t want him to remember mom always on her laptop or phone.” As a result, I work very efficiently during my time so that I can disconnect when needed.

10.  It’s okay to accept what can’t be changed.

Whether raising kids or running a business, it’s never easy. They’re probably both of your biggest challenges in life.

There’s always a fine line between finding the right balance between both on even a “regular” day. Moreover, that doesn’t account for extenuating circumstances such as a sick child or workplace disaster.  In both areas, learning to take setbacks in stride is key.  It’s common for entrepreneurs who raise families to feel like they’ve failed at both due to stress, falling prey to the games their brains play when things get tough.

Even for ambitious overachievers, admitting family involvement is hard, but letting go of perfection is crucial. In short, there is no perfect parent, just as there is no perfect entrepreneur.

Certainly, crises will arise, and there may be times when you don’t feel you’re doing your best. However, looking at things from a broader perspective will show you that you aren’t actually in that bad of a shape.  In life, stumbles are inevitable. And once you accept that fact, you can focus on what matters most, whether it is playing with your kids or thinking of your next product.

  Courtesy of Productivity Center, Calendar.com Blog, By John Rampton

 

Is College Worth It?

College is expensive and time-consuming.  Is it worth it?

A new poll from USA Today and Public Agenda explored how Americans feel about higher education and if the current system really meets today’s demands.   Here are some of the poll’s findings:

  • About 3 in 4 Americans say it’s a problem that employers require a college degree for jobs that don’t need them.
  • About 66% of Americans say colleges are stuck in the past instead of meeting the needs of today’s students.
  • Roughly 83% agree the cost of college makes it difficult for low-income students to get an education.
  • About 3 in 5 say getting a degree is “too time-consuming and expensive for working adults.”

These findings come at time when undergraduate enrollment has fallen by more than a million students in the past two years and the nation’s $1.7 trillion student loan debt portfolio continues to balloon.  “Americans’ frustration with the expense of higher education echoes what I have been hearing anecdotally from student loan borrowers for months,” said education reporter Chris Quitana. “Over and over again, people tell me they’re grateful for their degrees and the doors they opened, but their monthly payments had worn them thin prior of the payment pause.  Not every borrower struggles, but it’s clear for many the cost of social mobility is steep.”

About 80% of Americans say student debt is a problem, and about 3 in 5 are in favor of “forgiving a significant portion of government student loans for college graduates who have excessive debt.”  About 4 in 5 Democrats support student forgiveness, and roughly 40% of Republicans do. “I expect the conversations around college affordability, and those around student loan forgiveness, to grow louder as we near the end of the moratorium,” Quintana said.  “That’s scheduled for the end of August, but the freeze has been extended multiple times already.

When I shared this story with subscribers in our texting campaign, many brought up the value of trade schools.  Opinion contributor Samantha Cortese Taunton knows about that firsthand.  Traunton writes that, growing up, it was an expectation to go to a four-year college to start your career.  What she wished she knew then: There are other options.  Taunton wanted to be a pilot.  She attended a four-year college, majoring in mathematics.  But when she graduated, she couldn’t get into her dream field.  So she started looking into aviation maintenance technician schools.

“I was impressed by not only the shorter time to graduation but also the more affordable courses as compared with my bachelor’s degree,” Taunton writes.  After 16 months at Pittsburg Institute of Aeronautics, she graduated with a mechanic job.  She is now able to make a living while paying off her student load debt.  “Student debt is a thief”, she writes.  “If I could have avoided any of it, I would have.”

Story by Sally Ann in ‘Your Week’ USA Today newsletter July 17, 2022

Growth in Entrepreneurship Due to Pandemic

The pandemic has had a significant impact on businesses all over the world. As a result, many companies have been forced to close their doors, and those that remain open are struggling to stay afloat. Despite these challenges, however, there is still an opportunity for entrepreneurs who are willing to take a chance. In this article, we will discuss the changes that are taking place in the business world and how you can capitalize on them.

1. The Impact On The Business World

The global outbreak of coronavirus disease 2019 (COVID-19) has led to a sharp increase in entrepreneurship. In addition, the pandemic has forced many people to reevaluate their careers and start their own businesses.

There are several reasons for this uptick in entrepreneurship. First, the pandemic has created a lot of uncertainty in the job market. Many people have lost their jobs or are at risk of losing their jobs due to the economic downturn. This has led many people to start their own businesses so they can be in control of their own careers.

Second, the pandemic has made it difficult for people to advance in their careers. With so many businesses shutting down or reducing operations, getting promoted or moving up in a company has become harder. This has led many talented individuals to start their own businesses where they can be their own bosses and control their own success.

Third, the pandemic has forced many people to reevaluate their priorities. With so much uncertainty in the world, many people realize that they need to focus on what is truly important to them. For many people, this means starting their own businesses to have flexibility and freedom to do the things most important to them.

Fourth, the pandemic has opened the eyes of many. Business owners are no longer able to force employees to work long hours in the office. With so many people working from home, they realize they can have a successful career without sacrificing their personal lives. This is leading to a new wave of employees demanding to work from home and have a better work-life balance.

Finally, the pandemic has made it clear that the traditional business model is no longer sustainable. With so many businesses struggling to survive, it is clear that a new approach is needed. This is leading to a surge in innovation as people look for new and creative ways to do business.

The COVID-19 pandemic has had a profound impact on the business world and has led to a sharp increase in entrepreneurship. This is a positive development as it will lead to more innovation and creativity in the business world. In addition, it will create new opportunities for talented individuals to pursue their dreams and start a business.

Finally, the pandemic has made it clear that the traditional business model is no longer sustainable. With so many businesses struggling to survive, it is clear that a new approach is needed. This is leading to a surge in innovation as people look for new and creative ways to do business.

2. The Impact On Entrepreneurship

The COVID-19 pandemic has had a significant impact on entrepreneurship. The number of new businesses has increased dramatically as people look for ways to control their careers and pursue their passions.

This is a positive development as it will lead to more innovation and creativity in the business world. It will also create more opportunities for people to achieve their goals and dreams.

The pandemic has also harmed entrepreneurship. Many businesses have been forced to close due to the economic downturn. This has created a lot of uncertainty for people who are thinking about starting their own businesses.

However, the overall effect of the pandemic on entrepreneurship is positive. The increased number of new businesses being started will offset the losses caused by the closure of some existing businesses.

The pandemic has also created a need for new products and services that did not exist before. This provides a great opportunity for entrepreneurs to start businesses that can fill this need. If you want to start your passion project, there’s no better time than now. To get started, you need to ensure that you do your research and speak to naming companies, marketers, suppliers, and other professionals you may need to make your business dreams a reality.

There are many challenges that entrepreneurs will face in the coming years, but the pandemic has created a unique opportunity for them to grow and thrive.

3. The Future Of The Business World

The pandemic has forced businesses to change the way they operate. Some of these changes will be temporary, while others will likely become permanent.

One of the most significant changes in the move towards digitalization. Many businesses have been forced to digitize their operations in order to survive. This trend is likely to continue after the pandemic ends.

Another change that is likely to occur is the rise of remote work. Many people have been forced to work from home during the pandemic. This has led to an increase in the popularity of remote work. As a result, it is likely that more businesses will allow their employees to work remotely in the future.

The pandemic has also had an impact on the way businesses are funded. Before the pandemic, most businesses were funded by traditional means such as bank loans and venture capital.  However, the pandemic has led to a decrease in the availability of these funds. As a result, many businesses have turned to alternative funding sources such as crowdfunding and government loans.

It is clear that the pandemic has had a profound impact on the business world. Moreover, the changes that have occurred are likely to shape the future of business.

Conclusion

The COVID-19 pandemic has changed how companies do business and employees see their careers. A work-life balance has never been more of a priority than it is now, and employers who want to succeed need to change their policies to accommodate this new reality. The rise in entrepreneurship is a positive development that will lead to more variety, larger opportunities, and creativity in the business world. However, there are many challenges that entrepreneurs will face in the coming years. The future of business is uncertain, but the pandemic has created a unique opportunity for businesses to grow and thrive.

Courtesy Grit Daily by Cory Maki Published July  8, 2022

 

 

ICSB World Congress , Washington, D. C.

The 2022 ICSB is holding their annual global conference this week July 4th-8th in Washington, D. C.  Combining fun with learning, students were able to sightsee as well as attend a Washington Nationals baseball game on July 4th.  Founded in 1955, the International Council for Small Business (ICSB) was the first international membership organization to promote the growth and development of small businesses worldwide. The organization brings together educators, researchers, policy-makers and practitioners from around the world to share knowledge and expertise in their respective fields through publications, programs, workshops, training sessions and certifications.
Necessity is the mother of innovation, as evidenced by the current startup surge, with new businesses opening up at rapid rates across the globe. In addition, the events of 2020 brought about a global awakening to social inequities such as racial injustice, climate change, and income inequality. Creating solutions to right these societal wrongs requires constructing economic systems guided by ethics and empathy rather than individual interests. Human-centered or humane, entrepreneurship addresses the needs of both employees and society at large. With an emphasis on inclusiveness, cooperation over competitiveness, and leading humanity forward, this way of operating is making space for an entrepreneurial revolution that disrupts society as we know it.

Among the sessions topics included technology for humanity, digital marketing, disrupting value based entrepreneurship, entrepreneurship survival tips, essentials of operating a family business, universities in entrepreneurial ecosystems and MSME, defining and value in markets, pitch acting for stronger presentations, sustainable entrepreneurship, elements of a successful venture, the entrepreneurial revolution ahead, GEM research opportunities, papers the economic impact of COVID-19, ecosystems and national innovation, women and youth entrepreneurship, entrepreneurial revolution in hospitality and tourism, and the real meaning of leadership.

One session that caught the editor’s eye was The Entrepreneurial Revolution on Poverty featuring Dr. Michael Morris of Norte Dame University and his Global Partnership for Poverty and Entrepreneurship, a network platform for sharing venture creation resources.  It provides tools and a framework for low-income entrepreneurs and supports annual and bi-annual conferences.  Of interest was Dr. Morris’ adaptation of the entrepreneurial mindset for poverty by which cognition becomes opportunity alertness, affect engendering passion, optimism, and self-efficacy, promotion behaviors in creative problem solving and resiliency.

The current CEO and President Ayman el Tarabishy of D. C. based Georgetown University acted as host.  From his deputy chair in the department of management, Dr. El Tarabishy connected all the points in the capitol city for attendees.  And his role as creator of the United Nations Micro, Small and Medium-Sized Enterprises (MSMEs) Day, helped add U. N. participates to the conference.  All members owe a debt of gratitude to Ayman for an exceptional conference.

Written by Editor Clint Day, an ICSB member who attended virtually.

 

Honor Nation’s Immigrant Entrepreneurs

Many have experienced and overcome hardship.

Americans just celebrated the Fourth of July.  Look around your town.  Take a moment to notice –and appreciate– all the many small businesses –and large ones, too — that were started by immigrants.  As we celebrate America, we also celebrate what America has meant –and continues to mean –for immigrants and how much immigration has improved the America we celebrate.

Immigrants are America’s not-so-secret strength.  Most immigrants come here to save their lives –whether to flee persecution or poverty.  In many countries, being the “wrong” religion, the “wrong” ethnicity, the “wrong” sexual orientation, or “wrong” gender could lead to oppression or even death.  Most immigrants experience hardships –sometimes death-defying hardships –to come here.  And throughout America’s history, most immigrants have been economic immigrants, coming here not only for greater freedom or safety but for the opportunity to pull their family out of poverty.

In return for providing immigrants a new home, immigrants bring America so much.  They revitalize America.  Immigrants bring us fresh, new ideas.  They become our scholars.  They win Olympic medals.  They bring new food.  They create businesses –both small businesses and huge corporations.  They sometimes create  entirely new industries.  They keep America vital and competitive.  Here are just a few statistics on immigrants’ effect on business and job creation:

  1. Nearly 45% of Fortune 500 companies were founded by immigrants or the children of immigrants as of 2019, according to SHRM Executive Network.
  2. Those companies employe over 13.5 million people -almost 11% more than fortune 500 companies founded by non-immigrants.
  3. About 17% of all small businesses are started and owned by immigrants.
  4. A Kauffman Foundation study found that tin 2012, immigrants started businesses at almost double the rate of non-immigrants.

Think of some of the many immigrant entrepreneurs who have made America what it is today:

  • Levi Strauss (above 1st pictured): The man who invented blue jeans emigrated from Bavaria (now a German state) in 1848.  There are few things more American than a pair of Levi’s!
  • Liz Claiborne:  This Belgian-born fashion designer co-founded the famous label bearing her name.  In 1986, Liz Claiborne Inc. became the first company founded by a woman to make the Fortune 500.
  • John W. Nordstrom: The man behind the famous, upscale department store chain came from Sweden in 1887.
  • Eugene Kleiner;  Austrian-born Kleiner was one of the “Traitorous Eight” -the founders of Silicon Valley, and the co-founder of the famed venture capital firm, Kleiner Perkins Caufield & Byers.
  • Sergey Brin, 2nd pictured above:  The co-founder of Google was born in Moscow in 1973 and came to America at the age of 6.  Where would you be without Google?
  • Elon Musk, 3rd pictured immediately above: Tesla Motors, SpaceX, PayPal, household battery power.  The serial entrepreneur emigrated from South Africa ot Canada and later here to the U. S.
  • Sofia Vergara: Perhaps known best for her role as Gloria Delgado-Pritchett on the TV show “Modern Family”, Columbian-born Vergara also started the talent agency Latin World Entertainment, the lingerie brand EBY, and the media company Raze.

A few years ago, I toured the Flatbush neighborhood in Brooklyn where my father grew up.  My dad, Alex, was the son of hardworking, ambitious immigrants from Eastern Europe.  Like most immigrants, they came to this country seeking a better life for their children –more economic opportunity, more political and religious freedom.  Walking around my father’s old neighborhood was like taking a trip back in time –except the current generation of immigrants was from the Caribbean instead of Eastern Europe, black instead of while, and spoke with a different accent.  But they were living much the same lives –students pouring over homework in the library, kids playing in front yards, parents going off to low-paying service jobs or starting their own small businesses.

Clearly, America meant the same to them as it meant to my family.  And I could clearly see that these children were our future doctors and lawyers –and the future of America.  We are all –with the exception of native Americans –the descendants of immigrants.  That’s something to celebrate.

Courtesy of Rhonda Abrams published in USA Today, Tues., July 5, 2022

 

InBIA Convenes in Atlanta for Annual Conference.

The International Conference on Business Incubation (InBIA) has just concluded their annual conference in Atlanta from June 26-29, 2022.  InBIA is a global non-profit with over 1,200 members that lead entrepreneurship support organizations in 30 countries. InBIA provides industry best practices through education while enabling collaboration, mentorship, peer-based learning, and the sharing of innovative ideas for entrepreneurs across the globe. As the largest member-based entrepreneurial support network in the world, InBIA  provides the best industry resources for building entrepreneurial ecosystems through sustainable programs across a wide scope of industries and disciplines. Among members are  business incubators, accelerators, coworking spaces, and other entrepreneurship support organizations who are dedicated to nurturing the unique startups in their communities.

One of four session tracks was Entrepreneurship Ecosystems of great interest to your editor who is advising the University of Hawaii Hilo about establishing one on the Island of Hawaii.  Establishing and growing a thriving entrepreneurship ecosystem is widely recognized as an important aspect of creating regional prosperity through new job growth. The sessions explored the elements and strategies for building successful entrepreneurship ecosystems in any community. Topics included  creating effective partnerships, ecosystem mapping, engaging community stakeholders, fostering local entrepreneurship culture, encouraging diversity and inclusion, creating sustainable ecosystem models, rural opportunities, and more.  The Kauffman Foundation sent a team from Kansas City as part of a partnership call the EBLP, Ecosystem Builders Leadership Project, which helped support several breakout sessions on ecosystem building.  Details on site below:

https://www.ebleadershipproject.com/launch

EBLP is an initiative to collaboratively design, create, and validate a formal entity or shared infrastructure whose purpose is to provide leadership for the advancement of the entrepreneurship ecosystem building field of practice. Past ESHIP Summits and other inputs have made clear the need for more coordinated and centralized efforts to build field-wide infrastructure that will help accelerate wider understanding and adoption of ecosystem building as a practice in economic, community, workforce and entrepreneurship development in the United States.  The origin of the Ecosystem Building Leadership Project (EBLP) stems from the great work of 1500+ participants of the ESHIP Summits hosted by the Ewing Marion Kauffman Foundation. Over the course of three years and four Summits, ecosystem builders from all 50 U.S. States, Washington, D.C., Puerto Rico, and 20 other countries gathered to join collective efforts to explore and progress the entrepreneurship ecosystem building field of practice.  The project team includes InBIA CEO Charles Ross and Beth Zimmer, an experienced ecosystem design practitioner, as project lead.  They are supported by a diverse collaborative advisory group.

Other conference activities included two pre conferences, one a certification in mentor development and the other on sources for funding sustainable entrepreneurship centers.  Attendees has the opportunity to take part in an Innovation Tour of metro Atlanta centers.  Atlanta has long been considered the FinTech capitol with Visa and Equifax headquarters based in the city.  The tour included:

Russell Innovation Center’s RICE, an economic mobility engine for the community: driving entrepreneurs and small business owners to innovate, grow, create jobs, and build wealth. Housed in over 50,000 square feet of convening, meeting, and innovation space in a LEED building. Part business generator, innovation lab, and museum, RICE invests in Black entrepreneurs, strengthens businesses, and creates community.

Atlanta Tech Village, a community of innovation powered by the 4th largest tech space in the U.S. and deep connections to Atlanta’s business and investment community. The Village supports and inspires entrepreneurs to achieve success through a community that promotes faster connections between talent, ideas and capital. Designed for the unique needs of tech and tech-related startups, ATV is engineered to provide a powerful combination of factors that dramatically increase a startup’s chance of success.

     The Advanced Technology Development Center (ATDC) is Georgia’s technology business incubator, assisting entrepreneurs throughout the state. Via a unique blend of coaching, curriculum, community, and connections – not just to Georgia Tech and its resources, but also to capital and customers, ATDC helps Georgia startups at various stages navigate the choppy waters of taking an idea from concept to product prototype to launch and ultimately to scale.

 

 

 

 

 

 

 

 

.

5th U. N. Small, Medium Sized Enterprises Day.

One of the most important uses of entrepreneurship is raising-up underdeveloped economies which, in turn, creates jobs, raise standards of living, and improve sustainability.  The latter is a major objective of  the United Nations 2030 Sustainable Development Agenda for 17 interlinked global goals designed to be a “blueprint to achieve a better and more sustainable future for all”.  Among them are health, education, zero poverty and hunger, climate change and decent work and economic growth.   It is because the U. N. sees the latter, work and economic growth, as springboard to all other SDGs that entrepreneurship has reached a focus of importance.  As a consequence, five years ago a global small and medium-sized enterprise day was created.  Entrepreneurship’s own  International Council for Small Business (ICSB) has partnered with the U. N. to help promote entrepreneurship in furtherance of economic growth.

ICSB is the primary international entrepreneurship organization in the U. S., and its current President Ayman El Tarabishy from George Washington University was chiefly responsible for the day’s planning and execution for which we all owe a debt of gratitude.  Each year’s event corresponds with release ICSB’s Annual Global Micro-Small and Medium-Sized Enterprises Report full of important data.  Among topics are Top Ten Trends for 2022, How Digitalization Produces SME Growth, the arrival of an entrepreneurial revolution, and use of entrepreneurship ecosystems to catalyze ethical technology.   Those and other topics are inside the 110-page report available in PDF format and summarized here:  https://icsb.org/toptrends2022/.

The world is in a state of uncertainty with new Covid-19 variants and their effects on businesses and governments around the world. Resilience has been the most popular theme for 2021.  Nevertheless, MSMEs and other forms of sustainable, humane entrepreneurship provide the best framework for recovery.  They are, after all, the most flexible and the most in touch with their local communities which allows them to use innovation to expand what a recovery might look like.  Change in the role of the women entrepreneur, decentralized finance enabling more SMEs, application of A. I. (artificial intelligence) on top of digital marketing, and Solopreneurs are among examples.

By editor Clint Day who watched proceedings on U. N. TV.