Saturday, March 03, 2012

Read. This. ............Now!

Seth's Blog:  is ready to read and share 


Remember my earlier post about Seth Godin's notion of Type 1 & Type 2 teachers? This really builds that out.


And also remember that while most b-school educators *think* they are Type 2s, they simply are not. 
The best entrepreneurship educators ARE Type 2's


Would love YOUR thoughts - that link has free downloads in multiple versions (PDF, HTML, Kindle, Nook, etc.)

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Wednesday, February 29, 2012

Ideas to Reality: World Class Training in Technology. Now.

Q: What’s the Best Online Training for Lean Startup?
Q: What’s the Best Online Training for Technology Commercialization?
A: Steve Blank’s new Stanford-based Lean Launchpad class

The Start: Maybe the premier technology entrepreneurship course at Stanford, Lean Launchpad [http://steveblank.com/category/lean-launchpad] teaches the Lean Startup model (eg, Steve Blank’s Customer Development model) in-person to advanced science & engineering students at Stanford and Berkeley. Can you imagine getting brainiac techies actually talking to customers? And does that mean there is hope for some of you! ;)

Proof of Concept: The NSF put this at the heart of their new Innovation Corps to serve the 100 best technology commercialization teams for novel NSF-developed technologies.

The Payoff (for Us): The course is being offered now as an online course (over 60K has already signed up, including me!) as a series of 10 1-hour video lectures bundled with its textbook, The Startup Owners’ Manual. Free, except for the textbook.

But Wait…There’s More! Why Not a Blended Course?
My dear friends at Startup Weekend have commissioned (and threatened, LOL) people to organize local meetups. The video lectures will likely begin later this month but the pacing is up to us (lectures are archived).

It probably means 10 weekly 2-3 hour meetups or more likely 5 weekly/biweekly meetups of 4-5 hours for us to share what we are doing, what we are learning and how we can help each other. This is for anyone willing to take the plunge – I’m a b-school PhD in entrepreneurship and I’ve been a tech entrepreneur and I’m taking it! (Of course, my past “experience” means I’m the perfect candidate, LOL)

Initial feedback will let us set the schedule (most likely a weekday evening, though I’m hearing that many meetups are scheduling Sunday afternoons).

The Startup Weekend crew will be sending me Eventbrite invitations to share – expect a ping as early as this weekend. We estimate a ticket price of $50 to cover the text and refreshments. (Not bad for a Stanford MBA/MSEE-level of education even without the meetup!)

Obviously sponsors and prospective hosts are welcome …and anyone who’ll provide coffee, beer and/or pizza ;) Please email me: Norris.Krueger[at]gmail.com if interested!

For You?
Plan A: Respond “Yes!” to the eventbrite invitation & let me know your best/worst days
Plan B: Be hip but boring and simply sign up for Steve’s class & do it on your own 
Plan C: Wear a permanent “L” on your forehead & not even try to take Steve’s class ;)

p.s. But, Norris! I don’t live in/near Boise!  So host your own meetup – I will help!

Can you or your organization host/sponsor? Call me.
Want to do this outside of the Treasure Valley? Call me.
Want to seize this incredible opportunity? Say “YES!” to the invitation.

Entrepreneur UP. Y’all!
Norris

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Wednesday, January 25, 2012

The REAL hero of "Students Are Our Secret Weapon"!

All too quietly a landmark was passed in Idaho. Nancy Bergmann, INL's Wonder Woman of economic development formally retired. Some of you know just how much she mattered to Idaho, the rest of you in Idaho need to find out. In fact, I am convinced that we need to do much more to honor Nancy. Anyone else in?

For those of you outside of Idaho - PLEASE go find your own local "Nancy Bergmann" and... appreciate them. Ask how you can help.

Some of the best things that has ever happened in Idaho to make Idaho more entrepreneurial could not have happened without her. I refuse to take credit for any of what I did without invoking her name. When someone in another state or country yells at me "Students ARE Our Secret Weapon", I remember how she championed my students to greatness.

If you know her (or not) send her a note ASAP. Nobody did more to grow jobs in Idaho; nobody did it more graciously.  nb-woa@hotmail.com 

I know that I owe her more than words can convey. So much so that as I drove over to the lovely retirement party INL threw for her, I was actually nervous over what I'd say, if asked to share my thoughts and feelings. Here's what I would've said (assuming that I didn't get too choked up, a definite possibility).


"Dear Nancy,

If there is one thing to say about our collaborations, it is this:

    'We Were Ahead of the Curve!' and... People. Remember.

Last fall I visited Chalmers University of Technology in Gothenburg. They have the most amazing program using students to turn local technologies into viable businesses (check out their School of Entrepreneurship and their Encubator). As they were ramping up they noticed what we were doing in Idaho. I'd like to think that we gave them
bona fide evidence that students really can be deployed effectively to turn ideas into reality.

There are no more than 15-20 universities able to pull this off. [http://www.vcplist.com] Nancy, back when we got TRAILS/TEAMS rolling, that list would have been half as long.. but WE would've been on it.

Nancy, I know that you would rather not grieve about what might have been and instead celebrate. So, let's... celebrate!

My friend and great economist David Audretsch argues that despite all the seeming bad news, this IS the Century of the Entrepreneur. In recent years, the number of schools on that list? It has grown and the things they're doing have grown even more.  I really wish that we would have been allowed to stay the course. But even if it isn't in Idaho....the torch is still burning.

    TRAILS/TEAMS proved that:
* Entrepreneurial learning is deep transformative learning.
* That "hands on" is not nearly enough. You need the right processes and the right people.
* Genuinely experiential learning will help people closer to the expert entrepreneurial mindset
* AND the right processes just happen to be the #1 best way to help turn Ideas Into Reality.

    The best and brightest in the entrepreneurship education world now know:
* What that usually-undefined "entrepreneurial mindset" really is
* And how to get there. How to get there effectively and joyously.
* And the clear policy implications for growing a great entrepreneurial ecosystem.

    The evidence?
* Problem-based learning is on the rise. It's 95%+ outside 4-year schools [think Startup Weekend, the lean startup model, etc.]
* The best programs put the entrepreneurs and the learners first - TRUE immersion
* The best entrepreneurial programs now focus on mindset and ecosystem.
* Empirical evidence overwhelmingly shows the keys are growing human capital and social capital
    (Removing barriers helps, of course.)
TRAILS/TEAMS showed all of this - but we could not have done it without your ideas and energy!

[for those of you who have no idea what TRAILS and TEAMS program was about, here's the back story. A problem-based learning project that partnered INL, my Boise State classes, the economic development community and an assortment of Idaho's great entrepreneurs and social entrepreneurs. Student teams would identify, plan and execute projects that made a difference. Helping potential gazelles, helping economic development projects, helping social venture and most fun of all, help technology commercialization! [more here, here]

Serious funding from the Kauffman Foundation. Three national best practice awards, including NGA, SBA and Kauffman [http://bitly.com/d3FzcW] Honors for INL from DOE. Great student learning. A better Idaho.]

    Nancy, be very proud.
    INL, be very proud.


To further embarrass Nancy: Back in our heyday, a few of us conspired to nominate Nancy for one of EDA's National Awards. Some of you wrote totally brilliant letters. After submitting, I got a call from a higher-up at EDA. who said "You know that we never consider individuals for this award, yes?" I stammered something like "I know but Nancy so deserves it." He replied, "I agree. It will be taken very seriously. Can't win, probably, but after reading it, I assure you it will be a finalist." Those of you who know Nancy B are nodding your head and smiling, aren't you?

In the last year, I've had national-level officials from DOE, NSF and EDA all ask when we are going to re-boot TEAMS. (In one case, let's say the officials was less than polite in his language, LOL.) EDA
was actually willing, it seems, to help us reboot- we had full funding lined up from another group. The biggest obstacle to funding the next version isn't the funding so much as much higher the bar has been raised by Chalmers' School of Entrepreneurship, Utah's Foundry, the Danish Entrepreneurship Foundation, Aalto plus long-time role models at Stanford and Babson. Definitely grounds for us to celebrate!

Nancy,if  we weren't ahead of the curve, we were surfing near the front of the wave. You should be VERY proud. INL too should be very proud of their support (without Chris Hertz, Tom Harrison and the tireless Ray Barnes, who constantly challenged us to go to the next level. Thank you all. I never say that enough.

    Ideas into Reality: The "ABC's" of Tech Commercialization?
Maybe TEAMS died an untimely death but, Nancy, it did play a part in advancing The Cause, that the answers are indeed Entrepreneurial! Research has advanced. Pedagogy has advanced. Turning university/lab research into reality has advanced.

What our students did gave us new insights. Nancy, we kicked a few pebbles down the hill and today the avalanche is starting to grow. The steps were small but we can celebrate how right we were. Rather... How right YOU were, Nancy.

I am honored, blessed and humbled to know you. Thank you.

p.s. and knowing Nancy, she would INSIST that I also thank all of you who have helped the world move toward a more entrepreneurial society. I am honored, blessed and humbled to know you as well.
"

N.B.: Again, her email address still works - send her a note ASAP. Nobody did more to grow jobs in Idaho; nobody did it more graciously.  nb-woa@hotmail.com 

Have you emailed her yet? ;)

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Friday, November 18, 2011

HAPPY GLOBAL ENTREPRENEURSHIP WEEK 2011!

HAPPY GLOBAL ENTREPRENEURSHIP WEEK 2011!


"Celebrate, Educate and Initiate"

Who would have thought a few years ago that entrepreneurship would explode in the consciousness of so many people?

It now looks like:
         2010    2011
Countries 70    123 (so far)
Participants 7 million     15 million

Whoa. 

There have always been "how to start a business" books but the last year-plus has seen some marvelous books (hmm... another blog post? But take a look at "Entrepreneurial DNA" by Joe Abraham)

Personally, I have been slacking on getting people engaged in GEW -for that I apologize (How can I make it up to you?) However, if you have ANY interest in waving the entrepreneurial "flag", the week is not over yet! [In fact.. it is NEVER over.. Like Christmas, we should keep the spirit year-round, yes]  Just head over to http://www.gewusa.org & sign up as a Partner. Costs nothing AND gives you an opportunity to brag on any entrepreneurial events you might be doing or might have done (October & December events are ok, not just November!)

Too Much Travel, Not Enough Monetization? ;)
As I type this I'm in Denmark to speak to the Danish young entrepreneurs group - the Danish Entrepreneurship Awards which may draw more than 5,000 attendees. Gulp. Anything you'd like me to share with this audience?

Denmark is still about as egalitarian as you can get.. however they have tranformed themselves into what might be the most entrepreneur-friendly country on earth. Overnight. Soooo.....

Why can't WE? 


From Ideas to Reality
My prior trip was a week at Chalmers University of Technology in Gothenburg, Sweden. How good is their technology commercialization program? Top 15.

They really have a marvelous model. (They claim they stole part of it from my old TEAMS/TRAILS program with INL but if they did... they took to the next level, hell, took it up several levels, LOL) Anyway, check 'em out at http://www.entrepreneur.chalmers.se - the website doesn't do it justice but I have additional information such as their program for vetting new technologies!

The short conclusion -- there is much we can do, so let's.. well... DO!


My promise to you? Time for Norris to get busy. Suggestions welcome.

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Monday, June 13, 2011

June AdVENTURES! Startup Weekend, Babson & ICSB

p.s. Don't forget to sign up for Idaho Startup Weekend 3, June 24-26 -- you WILL like. http://idaho.startupweekend.org. Think of it as our first real salvo as we gear up for Global Entrepreneurship Week (www.gewusa.org). You want Idaho to move forward? Just remember that "entrepreneur" is a VERB! Time for all of us to get busy.

I'm home for a day+ between a trip to the magical Babson Entrepreneurship Research Conference in NY and the huge International Council for Small Business meetings in Stockholm.

The Babson shindig is THE cutting edge of great research on entrepreneurs and entrepreneurship. I felt surrounded by rock stars... think "We are the World" without the weirdness. It is such an honor. My paper was essentially on the impact of entrepreneurship education/training, focusing on assessing the deeper, more constructivistic elements. You can see the slides at www.slideshare.net/norriskrueger [also look at the prior blog post!] but the paper was NOT the story.

I was the 3rd of three presentations, starting with two of Babson College's own veterans who had surveyed >4000 alumni...

Would you be shocked to know that business plan training still sucks? ;)

But the real fun was that we were at the end of the day AND had a rock star audience. Of the top 20 minds in entrepreneurship education.. at least 10 of them were in the room. So, I shut up & let the rock stars, well, rock! Anyway, we kept discussing for another 30-40 minutes, spilled into the hall for another 10-15, then ended up for another 30+ in the bar.. and the discussion is not going to fade out. (And it validates that my teaching ideas & practice don't just work.. they *ought* to work, LOL. I think I need to write more on this.) These are the days you want to live forever!

Also, lots of timely discussion re the recent Big Win for university researchers AND the entrepreneurial community with the SCOTUS bitchslap in Stanford v. Roche. The proper reading of Bayh-Dole is very liberating. (There's a really blunt blog on tech transfer issues that has huge readership but little PR... www.rtei.org/blog) But again, far-ranging discussion of how
entrepreneurial technology commercialization is the key, no, the only key to tech transfer. (And that most universities will hunker down & try to avoid listening to the Supremes, LOL)

I head out today to Stockholm - looking forward to reprising my role as the World's Great Magnet for Screaming Babies. :) The ICSB conference will likely be nuts -way too many people and way too many distractions. ("Oh, I am*required* to meet some people at the Ice Bar... and it's an open bar?" OK, maybe I can do that, LOL)

The doctoral consortium is Wednesday - you should be encouraged by the steady stream of young brainiacs entering the field - most of whom are recovering entrepreneurs and kickbutt teachers. There is ZERO excuse for any university to hire some to teach anything related to entrepreneurship, innovation who doesn't have sterling academic credentials, serious research
chops, equally serious teaching skills and direct entrepreneurial experience. (And even... social skills? Hmmmm, maybe the world IS going to be OK!)

I am 'junior' author on Thursday on two papers - the senior authors' ages add up to less than mine (gulp) but so glad to be helpful rather than taking the lead. The first is a young Swede who stumbled across a treasure trove of accurate, timely data on Sweden's innovation systems. It will drive forward our ability to quickly & skillfully assess entrepreneurial ecosystems. The
second was a study of South Asian immigrant entrepreneurs that offers powerful evidence to support the Startup Visa (and some alternative strategies should the Startup Visa continue to languish). [I also get to present another paper on how entrepreneurship education makes an impact with Europe's #1 mind on this topic, the brilliant Danish scholar, Helle Neergaard.]

Finally, I'm chairing a quasi-workshop on how to convert research findings (in combinstion with expert findings in the field) to inform public policy - what will work AND how to sell it. If even our own government seems willing to support entrepreneurs, imagine what other places might be willing to pursue! You can see the workshop overview also at slideshare. This too is a signal honor. Talk about bringing together rock stars... very exciting but very, very humbling.

I know I still owe you some reflections on my trips to Germany & Spain - I promise to get to them.

And did I mention Startup Weekend? Go to the main site, www.startupweekend.org - read about Startup Weekend CAIRO, the joint Israeli-Palestinian events, Startup Weekend Mongolia (Mongolia? Whoa.) So sign up... don't make me hunt you down. ;)

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Tuesday, May 10, 2011

Educational Arsonists![1]

(or… what if we stuck a Startup Weekender’s head in an MRI?)

“Learning isn’t filling a vessel, it‘s lighting a fire” – Plutarch

Deep transformative learning is not easy. But positive emotional engagement really, really helps. Few places show that better than Startup Weekend.

As a veteran entrepreneurship scholar, my own teaching/training and research was molded by a sordid past as a tech entrepreneur (and now social entrepreneur). What has always fascinated me: Why is it the best entrepreneurship education is so insanely effective? How can we use this knowledge to grow entrepreneurial thinking in our communities? (And, sadly, why is it so hard for people who don't 'get it' to understand??) So..... What on earth is happening inside the minds of those students and, yes, us?

Transformational learning = Changing deep beliefs

True experiential learning is far more than “hands-on”. Transformative learning operates at very deep levels. What does it take to change very deep assumptions about how things work, moving us from the mindset of a novice to that of an expert? While it usually takes 10,000-20,000 hours of deliberate practice, deep transformative learning can accelerate the process. Doesn’t it seem likely that knowing what expert mindsets look like will help us get there faster?

Learning operates on two trajectories, incremental & transformational (figure below). We can acquire subject-area knowledge via incremental learning but “getting to expert” requires changing how we structure our knowledge. To change deep beliefs requires true experiential learning, through a series of critical developmental “lessons”.

Consider the series of experiential “jolts” that immersion into Startup Weekends provide: Upending, then rebuilding some very deep beliefs about what it means to be an entrepreneur.

[Note: This is equally true for other immersion & accelerator programs like TechStars, Founders Institute, Be Unreasonable and Y-Combinator, but I've been through SW.]











Critical Success Factors: Experiential Education

Immersion is one key to experiential learning because it forces you to let go of many deeply help assumptions… about entrepreneurship, about entrepreneurs, about ourselves. But the special sauce is having mechanisms to guide us. Expert mentors can help us learn the right ‘lessons’ of our experiences. But so can peer mentors (cooperative/collaborative learning has remarkable power). Is it any surprise that SW has such mindset-changing power?

Problem-based learning represents the best entrepreneurship learning. Rather than texts and homework, learners must solve messy, often ill-defined problems. I love how PBL lets me give students impossible problems and they rise to the occasion every time. And, along the way, they still acquire all the “textbook” knowledge. Forcing intent to become action makes all the difference. (Now you know why I love the SW/accelerator model!)

Finally, positive emotional engagement turns the madness of all this into a safe and fertile ground for dramatic changes in our deepest assumptions about entrepreneurship and…about ourselves.

Aren’t all of these exactly what programs like Startup Weekend provides?

So... what IF you stuck a Startup Weekender’s head in an MRI?[2]

So what ARE we learning in immersion programs like SW? (That we don't get in the usual "how to wrote a business plan" course?) What do we take away from the problem-based, peer-mentored/cooperatively-learned, expert-mentored, positively emotionally engaged immersion experience? As a cognitive developmental psychologist and neuroscientist -AND as an entrepreneur- here’s what I see.

Draw a Picture?

Imagine asking Startup Weekenders to draw us an “entrepreneur” – before and after. That mental model of “entrepreneur” is often going to change in fascinating directions – even for us ‘veterans’. In both Boise’s SWs, we had participants who really didn’t see themselves as an entrepreneur. Their mental models were limited at best and often flat wrong. Seeing the “light bulb” go on is a rush for this organizer... and their teammates and… themselves.

I consistently saw how participants’ mental models of what’s an “opportunity” go from “cool idea” to “I can do this”, from hypothetical to very real. They now perceived different barriers, more realistic & more likely action-oriented. (What’s really fun to see is that we come out of SW asking MUCH better questions. Here’s something I saw in both of Boise’s SWs: “Why can’t I find funding?”morphs into “How can I best qualify for funding?” (even better, “What kind of funding do I really need?” or "Do I even need external funding?")

And doesn’t all that sound like us accelerating toward a more expert entrepreneurial mindset? Learning. Without any “teaching”. That’s the genius of SW and programs like it.

My other favorite entrepreneurship education quote is from Epictetus:

“Experience is NOT what happens to you.
It is what you DO with what happens to you.”

In short: “Entrepreneur” is a verb. Startup Weekend and other programs like TechStars never let you forget that.

Thoughts?/nk


[i] Courtesy of Paul Hudnut, wizard of Colorado State’s awesome cross-campus program in commercializing sustainable technologies.


[ii] For more neuroentrepreneurship & entrepreneurial learning, see http://bit.ly/9VyUJm & http://bit.ly/b6aUYq


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Wednesday, November 24, 2010

Initial Thoughts: Technology Transfer Society

Global meeting in DC last weekend where I also got to visit our tax dollars again... or what's left of them? ;)

For old fans of “Laugh-In”, my reaction to this year's global meeting of the Technology Transfer Society was.... “verrrrrrry interesting....” ;)

Good papers & speeches but the REAL fun was in the "other" meetings... the hallway chats and the private huddles. Got to chat up some pretty high-powered folks both in T2S and in government (Tekes, NSF, et al.) As Yogi said, "You hear a lot by listening."

Also had an informative meetup with Peter Fischer in Crapo's office. Thanks, Peter!)

My preso went very well (whew!) – – a great co-author [she had just returned from speaking to the UN on entrep!] Despite her massive jet lag & my usual "norris-isms", we managed to blow a few minds. WHY we blew some minds reflects the “verrry interesting” part. The audience at T2S<>

a) the top researchers of tech transfer and the

b) top thought leaders in the T2 world (like the tech transfer star at France's NASA -what a cool cat!)

Bottom line on most of the audience:

  1. they all recite the mantra “we must be much more entrepreneurial” and

  2. they have no idea what they really means or how to do it

  3. BUT have open minds, making this a big, big opportunity for entrepreneurship experts*

  4. AND it remains clear that the tiny number of truly successful tech transfer programs** are all characterized by the kind of entrepreneurial culture & ecosystem that we can only dream about. (Though, alas, we COULD create that IF we chose to do so.)

    * p.s.: again, look at the U of U's success - my case study is at http://bit.ly/buI3uU

So.... what an opportunity for the entrepreneurship experts there to present on how we can move in that direction (and diagnostics for why we can't as yet...)

** it's also a huge opportunity for any tech transfer/commercialization program that chooses to go this route! (and diagnostics for why we can't as yet...)

My presentation built on the intersection of two things you'd like:

First, can you imagine mechanisms where all the different states' innovation councils & tech councils compared notes? I've been asked to help develop a major study that will talk to all of them. (Given I already have three requests to do comparative studies of local innovation systems/entrepreneurial ecosystems to compare Idaho to the Basque country, Oregon & North Carolina.. why not expand the scope?)

But what will we look for? Especially, how will we assess whether they are doing the right things the right way..and for the right reasons? Maybe we look to what they'd never do & philosophies they embrace?

Second, so where are some new clues? What do approaches like the "lean startup model" and "Startup Weekend" have to tell us about what it REALLY takes to grow entrepreneurs?? (Hint: Bureaucracies freak out... and entrepreneurs get energized!) It turns out these approaches are VERY informative... Fun watching the audience reactions to concepts like Startup Weekend, TechStars & Y-Combinator!)

P.S.: Anyone interested in the councils project? Should be serious fun.

The PDF of the slides is here - http://www.slideshare.net/norriskrueger/t2-s-2010-v4 please feel free to comment. I'd love your feedback!

Our Major Conclusion -- supported by the best minds (well, partly stolen from the best minds...LOL) So....

#1 Best Practice for Tech Transfer,
#1 Best Practice for Tech Commercialization, AND
#1 Best Practice for Entrepreneur-Led Economic Development in general?

Grow the entrepreneurial mindset.

That requires the right 'training' (the right training done the right way) and

Also requires supportive local communities & ecosystem. (likewise, the right things done the right way.. and for the right reasons)

Takes considerable expertise to design & deliver, as the 'mindset' part is far more critical than just skills. But, that talent is at our fingertips; all we need to do is ask. And. most of what we can do is free/cheap; the rest is eminently fundable (I've already had multiple discussions with funders.)

Seems simple but not for the faint-hearted or the inexperienced ;)

Eagerly awaiting your feedback!

NK

>

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Tuesday, November 16, 2010

Happy Global Entrepreneurship Week!












Global Entrepreneurship Week November 15-22, 2010

In 2009, well over 2 million participants in over 100 countries
In 2010, we expect as many as TEN million participants worldwide


It's not too late to sign up & join the fun!
The gauntlet has been thrown down. Idaho has been challenged to sign up a bunch of official partners for GEW. In response to that challenge, the regional GEW coordinator for the state of Idaho cordially invites you to be an official partner in GEW 2010. There is no cost, so why not be part of the fun? And...

The real power of GEW is to inspire continuing events all the way through 2011!
Global Entrepreneurship Week typically features one or more marquee events during the week, if possible, connected to one of that year's feature events. However, there's nothing to preclude additional events before, during & after the Week. For example...

In 2009, Idaho put on one of GEW's signature events, Startup Weekend. (In fact, it's because of Idaho that Startup Weekend became a featured event for GEW!) For 2010 and on into 2011...

Here in Idaho, please feel free to register any entrepreneurship-related event that you are doing in November and December as a GEW event at www.gewusa.org or www.unleashingideas.org (or feel free to ask me to post it for you – whatever is easier for you.) Finally...

Isn't it about damn time that we start doing more things together as an ecosystem?
I'd love to figure out some things we can do together (not just now but all the way through 2011!):
* How can I help YOU to put on an event all the way through 2011?
* How can I help you get others connected to your 2010-2011 events?
* How can I help you connect with events that others are doing?

The good folks at GEW HQ are “nudging” me [with blunt instruments] to recruit partners far & wide across Idaho, so I'd be particularly jazzed if you & your organization would sign on.

Will you do us the honor?

Just Entrepreneur It!
Norris

p.s. and did I mention? Sign up at www.UnleashingIdeas.org or www.gewusa.org (and it's free)

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Friday, November 12, 2010

WHAT DRIVES ENTREPRENEURSHIP... REALLY?


Dear entrepreneurial friends - here is a synopsis of the absolute state-of-the-art about how we grow entrepreneurs. This data is 'hot off the presses' from the largest high-quality data sets available (GEM, PSED, World Bank) What amazing talent... humbling for me, as usual.

A FAVOR: Please give me feedback - argue with me -cheer me on - buy me a beer -make me buy YOU a beer. Idaho needs to talk about this stuff - now.

Drawing on the Global Entrepreneurship Monitor (GEM) data set (ultimately involving well over 1 million respondents globally over nearly a decade) several realities are beginning to emerge. None should be that surprising, except maybe just how strong the conclusions appear. And that there are direct policy implications... that need not cost much.

Total entrepreneurial activity (both entrepreneurship from the push of necessity and from the pull of opportunity) has very clear predictors that we need to recognize.

* Globally (and definitely in the US) opportunity-driven entrepreneurship has been in decline since 2005 and plummeted in the last year. Unsurprisingly, necessity-driven entrepreneurship has increased but that creates fewer jobs. We simply are not growing ventures that create lots of jobs. And Idaho lags the US...
Implication for Idaho: We need to help businesses (of any size/age/industry) to grow!

(* We already knew that the decline of job creation since 2008 has been unprecedented. Layoffs increased, of course, but that pales in comparison with the fall-off in job creation. Meanwhile, we seem hellbent on increasing the barriers to entrepreneurial job creation.)

* So how can we change all this?
Here are the three most important factors - all of which are things that we can influence as a community.

i. Entrepreneurial Potential is a Function of Potential Entrepreneurs.

The strongest predictor of entrepreneurial activity is the prevalence of adults who are prepared for entrepreneurial activity -- they have the entrepreneurial mindset: I can be an entrepreneur. I want to be an entrepreneur. And I know how to do it right.
Implication for Idaho: Quality, not just quantity of training. This is not about entrepreneurial training - it is cultivating an expert mindset. You've heard this often but now even more critical: Truly experiential, deeply transformative entrepreneuirial learning. (Think Startup Weekend, not "how to write a biz plan"!)

i-a. Fear of Failure?
Fear of entrepreneurial failure or do potential entrepreneurs accept (or even embrace) that failure is a possibility?

And a possibility for learning?
Implication for Idaho: See experiential learning above! Book learnin' won't cut it.

ii. Is Growing a Business Highly-Regarded?

Cultural support for entrepreneurship - Do people believe they'll be encouraged if they try, does the media "get it" (do they focus heavily on newer & especially fast-growing businesses?) Is entrepreneurship generally considered a good career option? Is entrepreneurial success rewarded by the community?
"Old school" values are also important: Respect for authority wedded to a healthy skepticism of authority (sounds pretty Idahoan, doesn't it?)
Implication for Idaho: Communities are often more supportive than we realize so we need to do anything we can to let prospective entrepreneurs know that there is a supportive ecosystem. And to help local communities to help entrepreneurial growth. (In turn, this helps grow the ecosystem.)
Implication for Idaho: Structurally, revamping your local innovation system will obviously help:
(a) Really map the existing ecosystem, as it is & as it is perceived,
(b) build a first-cut road map for upgrading the innovation system,
(c) then align your resources to the roadmap in terms of distinctive (not core) competences.

iii. Is It Getting Easier or Harder to Grow a Business?

Ease of doing business - how hard is it to start a business in terms of bureaucratic hurdles? Is the regulatory regime friendly? (Is the tax & regulatory burden actually shrinking?) How centralized are the control mechanisms for the local economy?
Implication for Idaho: Identify the systematic barriers - actually measure what is required. However, it is also a great opportunity to identify missing/needed facilitators (what will trigger entrepreneurial action?)


We can do this!
NK

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Friday, October 29, 2010

"If 2010 wasn't the Year of the Entrepreneur, then 2011 certainly will be!"

(yes, you can quote me...)

Sorry for the delay but here's my latest. Greetings from DC & the global research conference on Business Creation. Nice to have been invited to speak but even nicer to see the steadily increasing interest by top scholars & educators in how do we craft policy to grow entrepreneurs! I have brought back a few fresh insights we can use in Idaho. (In fact, the very latest research will make you grin from ear to ear!) But first let me share some insights from my delightful, if sleep-deprived KC trip.

My trip to KC to visit the Ewing Marion Kauffman Foundation AND bond with the global array of terrific Startup Weekend organizers...mindblowing. I am still babbling to people about my experiences in & after KC. (And, yes, the infamous red shoes were in attendance...)

As one of the SW organizers said, Kauffman has become a "Disneyland for entrepreneurs" - not sure that's a perfect metaphor, but isn't entrepreneurship the ultimate 'E-Ticket' ride??

Kauffman Foundation

They have programs for growth entrepreneurs, education, tech transfer, you name it. Kauffman is responsible for Global Entrepreneurship Week -and now are the lead investors in Startup Weekend. They also are now the leading supporter of cutting edge research into how to grow a more entrepreneurial community -and a more entrepreneurial society. While there, I hand-delivered "fan letters" from Governor Otter in recognition of the need to do more and more to grow a more entrepreneurial Idaho. I'm working now to get a speaker or two from there to visit Idaho in the near future.(My pestering may be paying off? LOL)

There is much in Idaho that they like, there are many people & groups that they see as champions of entrepreneurship. (But I wouldn't be surprised if they also have VERY long memories about those who've disappointed them.) They want to help Idaho; shall we let them help us? ;)

Startup Weekend

While all this might seem like good news, the *real* good news from the trip was the sight of ~100 incredible Startup weekend organizers from across the globe pulling together. I'm ready to go to war with ANY of these folks. (I'm already connecting some of them to my other friends in the entrepreneurship world.) Folks, this is true experiential learning -the kind of brain-changing education that's one of my usual topics for evangelizing.

Go to www.startupweekend.org for more details -- but the most gratifying story is how entrepreneurship brought together Israelis & Palestinians at a Startup Weekend (http://vimeo.com/13359551 for more) Man, this is one Startup Weekend that I'd kill to help with next time

Came away with so many great ideas - I am still boiling them down & will share soon, I promise!

Given the Kauffman connection, it shouldn't be surprising that Startup Weekend and Global Entrepreneurship Week are natural allies. Any local SW is instantly connected to essentially the entire world.

Global Entrepreneurship Week

Last year, GEW (www.unleashingideas.org) had ~10 million people (many of them young, all of them young at heart!) in >100 countries. They expect the numbers to keep rising - don't we want to be connected?

Any organization or individual can sign on as a 'partner', just go to the website (www.UnleashingIdeas.org) & follow the links. 60 seconds & zero dollars later, you're on board! (Some of you have or will soon be getting a more formal invite; if your organization requires a formal invitation, I'd be tickled to send one!) Then let's start thinking about events:

* How can I help you do or help do an event?

* How can I help connect you to others' events? (We're all in this together...)

AND… there are a couple dozen Startup Weekends going on globally the weekends before & after GEW – and a major competition has just sprung up with off-the-hook prizes for the best SW teams. (As if we needed any more incentive to do Startup Weekends.)

ESTech

The infamous (?) Eagle Star Tech Corridor crew is gearing back up - with some great ideas, but... we want to hear from YOU. What events would help move the entire valley forward?

"Portland Ten"

Here's an amazing model from a former Idahoan, Carolynn Duncan, who is mentoring an ambitious cadre of Portland entrepreneurs who want to launch high-growth ventures.www.portlandten.com is the site -- but the really good news is that Carolynn asked me "Norris, you should do this in Boise." Nothing like a proven model with the founder willing to help us, eh? This is but one of several great mentoring-based learning programs that Idaho suddenly has access to! (More on that soon.) http://www.portlandten.com/

Other Tidbits

Free e-letter at http://www.MarketingTechie.com from my compadre at Michigan State, Glenn Omura, and his team. A nice curated aggregator of the latest & greatest news & info on techhnology & marketing.

Again, if you want to know more about my adventures, along with the education/training notes I just promised you, I'll have a longer report from my various Kauffman & other huddles - what I've learned! In the meantime, check my blog for "what I did on my summer non-vacation" ;) It’s at http://entrepreneurshipidaho.blogspot.com [I really need to move to Wordpress, don't I? and blog more? Blog better?? ;) ]

In the spirit of JFDI, keep remembering... "Entrepreneur" is a VERB!


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