Success to Sustainability: More from the Core

Business and Entrepreneurial Services of M State

Defining Entrepreneurship at M State

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: one who organizes, manages, and assumes the risks of a business or enterprise

Merriam-Websters.com

The entrepreneur in us sees opportunities everywhere we look, but many people see only problems everywhere they look. The entrepreneur in us is more concerned with discriminating between opportunities than he or she is with failing to see the opportunities - Michael Gerber, author, entrepreneur

Core Redesign

Some people dream of great accomplishments, while others stay awake and do them - Anonymous

Evolution and Redesign: •Entrepreneur Director

•Beth Pridday•Lead Faculty

•Tony Parker•Evolved Focus

•From Core to Advisory Board•Authentic entrepreneurial experiences

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Evolution of an “Entity”

Creating a culture of innovation and success “Entrepreneurial Spirit”Strengthening new and nearly new business through professional developmentDeveloping strong training services to meet present and future needs of entrepreneurs.

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Five legs of the BES

Been There . . .Credit-based offerings and degreesNon-credit instruction and training

Doing that . . Business development servicesCommunity outreachBusiness incubation

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Curriculum DeliveryArticulations with K-12 instructionBuilding block curriculum

Non-credit to CreditCertificate to DiplomaDiploma to DegreeDegree to University

Articulations with university programs

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Community Building Activities

Entrepreneur for A DayRecognition Programs

Business Plan competitionHall of FameEntrepreneur of the Year

Incubator officesStudent (2)Mixed Use (4)Industrial (1)

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Business Development Services

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Small Business Resource & Research LibraryPartnerships: DEED, SBDC, SCORE,USDA & WCIProfessional Support GroupsChamber MembershipRegional Entrepreneurship Business Incubation

Incubator Grand Opening

Regional Flavors/STEP - Non profit organizations in support of micro-enterpriseLife Choices - Individual, Children, Family, Mental Health, and Group CounselingAim for It Fitness - Professional fitness coach, author and speakerLife Coach - Professional life coachingThe Clayground - Mobile paint-your-own-pottery studioM State Entrepreneur Student Incubator OfficeTwo office spaces dedicated to student's entrepreneurial growth

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Enlarging the Pie for All

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Community Based EntrepreneurshipGrant opportunityUsing a consultant

Financial Sustainability

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Identifying initial funding opportunities1st grant - $2,500

Leveraging grant funds18 month total - $280,000

Mapping out a mix Community FoundationsEconomic Development Initiative Financial FoundationsState AgenciesFederal Programs

Board of Advisors

Streamlining Board involvement and increasing operational productivity by creating networks

InvestorMentorResourceEducationMarketing

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Continued Speakers SuccessesEntrepreneurship Speakers SeriesWho are our Regional Entrepreneurs?Am I an Entrepreneur?Make me an Entrepreneur!

Call of the Entrepreneur

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Speakers Line up

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Our Story: Key Benchmarks for BES

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Adobe Acrobat Document

Marketing Success for Sustainability

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Public Relations PartnersOtto Bremer FoundationWest Central InitiativeUSDAHubbard Co EDCChamber of Commerce

Earned Media/community connectionsSpeakers Series CoverageEvent SponsorshipsHodge Podge (Monthly radio program)DLYP, Rotary, Kiwanis

Questions and Contact Information

Cristobal ‘Cris’ ValdezProvost, Detroit Lakes and Wadena Campuses(218) 846-3778Cris.Valdez@minnesota.edu

Deanna SinclairBoard Member, BESEntrepreneur(218) 846-2326multitec@tekstar.com

Beth PriddayDirector, Business and Entrepreneurial Services(218) 846-3667Beth.Pridday@minnesota.edu

900 Highway 34 EastDetroit Lakes, MN 56501

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M State Business and Entrepreneurial Services