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The key to a region’s economic success is its entrepreneurial capital. We are not referring to financial capital, but to human capital. The most common mistake communities make is to focus on the results of the entrepreneurial process – the enterprise and its assets, and to ignore its source – the individuals who generate that wealth. The Entrepreneurial League System® focuses on the entrepreneur as the means of growing a successful business.
The critical determinant of a community’s economic vitality is the quantity and quality of its entrepreneurs and how well they are matched to the market opportunities they pursue. Communities can and must do something to improve their supply of entrepreneurs. We methodically cultivate many other kinds of talent, why not entrepreneurs?
Current economic development programs only deal with half of the equation for success; they address the needs firms have for technical and financial assistance but do little to build a pipeline of highly skilled entrepreneurs capable of using that assistance effectively to build companies. The Entrepreneurial League System® is designed to fill this missing role, complement existing economic development organizations in the region and together, create a powerful engine for prosperity.
We address this blind spot in traditional enterprise development by focusing on the entrepreneur, not just the business. They are not one and the same, and the lack of attention to the entrepreneur, as distinct from the business, has become a source of failure. Service providers can provide numerous stories where the proper assistance was delivered but it had no impact on the business at all, because (as is commonly recognized after the fact), the entrepreneur was either unwilling or unable to take the necessary actions to grow the business.
Through our coaching, the Entrepreneurial League System® gets entrepreneurs ready, willing and able to utilize such services for maximum impact. We do this by establishing a hotbed for entrepreneurs and by helping them methodically develop the skills necessary for success as they work their way up the various league levels, just as athletes do in baseball. As a result, we create more and better customers for existing enterprise development services.
Who in your community is responsible for the supply of entrepreneurs?
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