My original questions in 2004 – Is rural Kentucky entrepreneurial-friendly? Is there a culture...
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Transcript of My original questions in 2004 – Is rural Kentucky entrepreneurial-friendly? Is there a culture...
My original questions in 2004 –
Is rural Kentucky entrepreneurial-friendly?
Is there a culture that values and helps entrepreneurs emerge and prosper?
What I Learned from My Research?Lack of community support for “new ideas” or entrepreneurship;Lack of regional identity; focus on local counties;Lack of grass-roots entrepreneurial leaders and coaches;Limited understanding of resources for entrepreneurs;Limited networking among natural coaches;Lack of training for local leaders to become advocates and coaches;Limited understanding of entrepreneurial culture ;Hidden entrepreneurial culture exists.People care about their communityPeople want to learn more about entrepreneurship
What can we do to strengthen the foundation for an entrepreneurial culture in rural Kentucky?
Response: Start with the local leaders (bankers, barbers, bartenders . . . elected leaders, entrepreneurs, farmers, homemakers, retailers, retired people).
Build a Leadership Program
Recruitment: grass roots leaders in region. Competitive process.
Benefits: All expenses paid. Stature and skills, knowledge and network enhanced. Travel and growth.
Set high expectations:
Must want to improve community and build entrepreneurial culture WITH others.
Must attend all seminars and travel experiences – 22 days over a 16 month period.
Must do homework between sessions – interviews, regional projects
Must donate hours back to region after graduation.
Next Step:
What are the skills, knowledge, and attitudes we want to nurture among grass-roots leaders in the region to strengthen the entrepreneurial culture?
Responses came from rural entrepreneurship experts and from almost 200 people in the region.
Overall goals:
Stimulate the imagination of local leaders and give them tools to lay the foundation for an entrepreneurial culture.
Give them the venue to create a regional identity, build a strong support network and insist that they make change.
Make rural Kentucky the most entrepreneurial-friendly culture in rural America
Stimulate imagination—see and meet entrepreneurs from a variety of perspectives.
Creativity – Create in groups.
What should they learn?
Learn about appreciative inquiry and how to apply it.
The question: What’s working well?
Why?
Gratitude committee.
What the Economic Development consultant saw were problems:
“Windy roads”“Rolling terrain”“Sparse population”
“Only strategy: Connect to other places”
Elliott County, KY
“Windy roads are scenic”“Rolling terrain is interesting”“We have dramatic gorges, clear trout streams and nationally-known folk artists, e.g., Minnie Adkins”“Located near Natural Bridge State Park which receives 1 million visitors a year!”
Another View
Local Leaders, Elliott County
Know thyself and others in the team:
Natural leadership styles: (Gallup) strengths, limitations, team gaps
Natural Listening Styles
Asking probing questions
The Importance of Emotions For LearningThe Importance of Emotions For Learning
“You change people by delight. You change people by pleasure”
- St. Thomas Aquinas, 13th Century
Mystic and Philosopher
Create sense of belonging and connection; Share rooms, meals, rides. Small groups
Hospitality
Problem-solving
Developing shared visions
Entrepreneurial coaching “across the kitchen table”
building a relationship with an entrepreneur by asking questions
over 5-7 sessions to create a business plan involving competitive advantage,
marketing research and sales projections, finances, management team needs, partnerships and other issues.
no advice or judgment.
Making it visceral:
Every participant must coach an entrepreneur
Mini- grants for practical experiences.
Regional teams form to stimulate entrepreneurship during 6 month period -youth entrepreneurship, entrepreneurial contests about waste products, entrepreneurship centers in local libraries, policy work with government leaders
Expand awareness of entrepreneurial support network in region and nation – conversations with key providers.
National or international rural entrepreneurship mobile tour:
We’re not alone.
How other rural area compete and nurture entrepreneurship
Importance of global markets
So what? Individual and group reflections – especially, about mini-grant teams and lessons learned from the experience.
Donated over 9,000 hours to the community and region;
Made 758 presentations to groups and organizations; Launched 68 entrepreneurial-friendly community
initiatives; Coached 486 individuals or teams; Created 224 new jobs as part of coaching efforts
(valued at approximately, $8,151,360 for a one year period )
Saved 42 jobs as part of coaching efforts (valued at approximately, $1,528,380 for a one year period)
Over 68 entrepreneurial-friendly community initiatives have been launched including youth entrepreneurship in schools, entrepreneurial contests, new networks, incubators in rural areas, entrepreneurial help centers in rural libraries.
. . . and a tight network of 115 volunteer grass-roots leaders who are committed to strengthening entrepreneurship in the region.