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5.0 out of 5 stars Support your local entrepreneurs and transform your local economy!,
This review is from: Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy (Hardcover)Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy is a must read for anyone involved in economic development and supporting entrepreneurs. The book makes a compelling case that entrepreneurs are made, not born. More specifically, that success in entrepreneurship is based on a set of skills and we can transform our communities by systematically supporting the development of our entrepreneurs. Be warned, this well-crafted approach can give the reader the false impression they are reading an elegant academic theory that has never been tested in the real world. This is not the case! The authors have been practicing their approach for years and measuring the results. They know from experience how to systematically develop entrepreneurs.
I have been working in the microenterprise industry for 10 years. I find most people involved in economic development write off these very small businesses as having little or no significance to local economies. Economic development veterans and economic professors are quick to tell me that microbusinesses compete within a local economy and create no wealth. They go on to add that industrial recruitment is the answer to creating wealth and jobs in communities. These people see all entrepreneurs as they are today (small or large), and bet the public's money accordingly. These well worn arguments, unquestioned a few years ago, are showing their age and no longer fit our current reality. Peter Drucker recognized we were in the age of the entrepreneur back in the 80's and that the days of the corporate manager have waned. It's time that economic development practitioners catch up with that reality and looked at entrepreneurship differently. Fresh thinking is needed and Investing in Entrepreneurs is just the kind of approach we should consider. I highly recommend it!
4.0 out of 5 stars An approach that makes sense- finally!,
This review is from: Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy (Kindle Edition)After 20 years of working in the economic development and business assistance world finally an approach that makes practical sense and explains why traditional approaches dont work.
5.0 out of 5 stars Great Book!,
This review is from: Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy (Kindle Edition)Super informative and interesting.
Brings a whole new method of thinking to the table with regarding to entrpreneurship.
5.0 out of 5 stars Exceptional,
This review is from: Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy (Kindle Edition)This book is absolutely essential reading for anybody working with or orchestrating a community of entrepreneurs. The authors' concepts are based on a extensive, hands-on experience with communities of innovators. The insights are new, refreshing and, at least to my knowledge, completely unparalleled in the literature about entrepreneurship. Recommended reading, likely to become a classic in the field.
5.0 out of 5 stars Economic Developers- Take Heed!!,
This review is from: Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy (Hardcover)As an Economic Developer working in a small rural County, I have found it difficult to argue with a highly traditional approach to changing and growing our economy. I also understand that we are not unlike many other areas in the country that struggle with what to do to create a better living environment for our residents. But the argument continues- develop land and physcial resources and recruit businesses. What is clear to me is that this is a strategy that will eventually run out of resources (just as our larger neighboring counties have seen) so then what do we do to continue growth? And as a rural area, don't we want to maintain our green spaces? Isn't this why we live where we do?
Growing our local entreprenuerial culture and creating a pipeline of small business people shifts the focus from physical, non-sustainable resources to those that will not only continue to grow, but will really attract more talent to our region.
This book gives a great economic history and also lays out what to me, are simple truths about how to change our local strategy for economic development. Much of the evidence and experience of the authors come from working for years in the same kinds of communities and directly with entrepreneurs. These aren't guesses about what works, these are hard fought lessons, from the trenches of real small business experiences.
5.0 out of 5 stars Very Important Book for Revitalizing Our Economy,
This review is from: Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy (Hardcover)Lyons and Lichtenstein may well have written the most important book for our economic revitalization.Tapping a rare combination of academic and practitioner experience, the authors provide the most lucid, comprehensive, and, most importantly, ACTIONABLE entrepreneurial development system I have seen in my many years of economic development and entrepreneurship.
As regional economies flounder and policy and political leaders espouse "job creation", little attention or dollars are being allocated to the true source of job growth in the United States: Entrepreneurs. New strategies for economic development are desperately needed which will help regions to adjust to the realities of our 21st Century economies. Scarce resources are expended on incentivizing industrial relocation or recruitment, an anachronistic remnant of the industrial age. Entrepreneurial development strategies are ubiquitously fragmented, ineffective, inefficient and notoriously under-funded. For the most part, regions are struggling to learn how to "support" entrepreneurs. This book provides all the information needed to create the ecosystem for entrepreneurs to thrive.
The authors propose a regional approach which focuses on developing the skills of entrepreneurs, a radical approach, but one proven to be pragmatic, effective and sustainable for long term economic development. The book focuses on why and how to develop the pipeline of entrepreneurs. Particularly illuminating are the insights and candor of actual entrepreneurs cited throughout the book.
One particular gem for economic developers is the section which discusses the application of the pipeline to regional cluster strategies. Lyons and Lichtenstein contend the much-beloved "cluster" approaches (the programmatic approach of several federal and state programs) have failed to garner the expected economic impact because cluster analysis is an analytical tool and treats all entrepreneurs the same. Cluster development lacks the lack of focus on entrepreneurs and their skill sets. Given the increasing programmatic focus on cluster development, regions would be well-served to incorporate the authors' suggestions. Your economic future will depend upon it.
5.0 out of 5 stars The Solution to Our Economic Woes,
Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy is a monumental work! The approaches outlined therein for matching the skill-set, mindset, and experience of the business owner to the complexity of the business model, and then giving the entrepreneur the support team they need to grow, are the keys to increasing small business success rates. Having a pipeline of entrepreneurs at many levels of sophistication is the key to building a strong infrastructure for our country. They have the research. They can prove it.
I have been watching the authors for nearly three years as they gathered their research and created this work. There is nothing like it today, and it is indeed a "game-changer".
Get it. Read it. Use it.
5.0 out of 5 stars Economic Development Epiphany,
Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy combines wisdom, common sense and tried and true action plans for implementing economic development for wealth creation and community transformations.
Those who are truly committed to genuine economic development efforts and entrepreneurial success will study, embrace and encourage their colleagues to adopt this visionary thinking. As the Director for the West Virginia Small Business Development Center I highly recommend it! As the former Coaching Director for the Entrepreneurial League System in Advantage Valley, I have witnessed firsthand the spectacular importance and dramatic impact of these efforts and revelations! Thank you Gregg and Tom!
This book underscores the realization that a group of thoughtful, committed citizens ARE changing the world.
Won't you join us?
5.0 out of 5 stars An actionable plan for stimulating the entrepreneurial environment.,
The concepts and techniques which are clearly elucidated and developed here are a necessary and groundbreaking approach for anyone involved in the business of entrepreneurial investment and lending, from venture capital, investment banking and public sector professionals, to bankers who need to evaluate the financial and managerial capacities of entrepreneurs for ongoing capital requirements.
I view this as a "must read", especially in today's challenging economic environment, which more than ever before demands a more targeted and effective process for successfully growing and nurturing both entrepreneurs and the firms they operate.
5.0 out of 5 stars Entrepreneurs: Dare to be Remarkable,
As the Director of the W. Brett Wilson Centre for Entrepreneurial Excellence at the University of Saskatchewan, Canada, we define entrepreneurship as "Innovative Thinking coupled with Disciplined Action" (Singh 2008). We believe that innovation can happen anywhere, by anyone and in any form and in order to capitalize on it, we require skilled entrepreneurs who are rooted in discipline and also understand the needs of the business they are running. This book addresses both components of how we view entrepreneurship and we highly recommend it to those who are interested in creating wealth (social, environmental and economic). Kudos to Gregg and Tom!
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Investing in Entrepreneurs: A Strategic Approach for Strengthening Your Regional and Community Economy by Gregg A. Lichtenstein (Hardcover - August 19, 2010)