Growth of Entrepreneur communities

Presented:
Hamidullah Faqiri
ID: 87705-20
Community definition

 A community is a social unit (a group of living things) with commonality

such as norms, religion, values, customs, or identity.
 Communities may share a sense of place situated in a given geographical
area (e.g. a country, village, town) or in virtual space through
communication platforms.
 Durable relations that extend beyond immediate genealogical ties also
define a sense of community, important to their identity, practice, and roles
in social institutions such as family, home, work, government, society, or
humanity at large.
Community Development

 Community development is often linked with community work or

community planning, and may involve stakeholders, foundations,
governments, or contracted entities including non-government
organisations (NGOs), universities to progress the social well-being of local,
regional and sometimes national communities.
Diagram
Community Development process
Growth of Entrepreneurial community

 Alleviation of poverty, development agencies and multinational

organizations have been greatly involved in interventions in the developing
activities .
 It observed that the adopted approaches have often been paternalistic,
even if unintentionally, while ignoring the strength of local institutions
 Most of the poverty alleviation programs have degenerated into “charity”
rather than building the local and durable self-reliance
 It is evident showed that the effect of developmental interventions has
been compromising in respect to community development and eventually
contributes to the creation of real poverty rather than alleviation
conts..

 Ownership by Communities: Major developmental activities that are

generally conceived and implemented by agencies rather than by
community members. This has often led to a lack of ownership on the part
of the local population and beneficiaries.
 It is the fact that once the finances of a project dry out, the interest of the
local population also decreases.
New Trend in communities growth

 Identification of the drawbacks forced several international and domestic

agencies to conceive and implement projects with enhanced local
participation
 Expansion of collective development, has been identified that focus should
be on the creation of sustainable economic activities rather than welfare
activities
 It has been commonly acknowledged that enterprise development can be
a crucial element in the process of economic development in communities
 Numerous initiatives that have been taken and executed aimed at
promoting entrepreneurship development to improve the socio-economic
condition
 community based entrepreneurship
 Community Based Entrepreneurship. (CBE)
is an alternative social enterprise model
geared towards the pursuit of a community's
economic and social goals. It is managed
and governed in a manner that is meant to
yield short and long term sustainable
individual and group benefits
 entrepreneurial communities stimulate talent
and entrepreneurship in an innovative way. By
thinking outside the box,
 Entrepreneurial communities are well aware of
the opportunities and talent of the community
and actively work towards retaining and
attracting innovative, creative talents.
Benefit of community Entrepreneurs

 Skills alliances
 Territorial pacts for community development;
 Innovative practices aiming at community-level job creation:
 Encouraging and attracting innovative creative talents within and to the
community
 Engaging young people and retaining young talent (preventing brain drain) in
the community
 Entrepreneurial learning and start-ups
Activities to build community’s Entrepreneurial climate
Openness to -Use letters to the editor in local newspapers to promote entrepreneurship
Entrepreneurship - Encourage the local economic development organizations to establish award
programs for small businesses
- Host a public forum to discuss entrepreneurship in the community
- Ask the local newspaper to feature/profile a local, small business owner
weekly/monthly in the Business section
Balancing Business - Advocate at public meetings of the local economic development organizations,
Attraction - Propose local policies to modify existing codes/strategic planning documents to
make the entrepreneur development plan more balanced
Entrepreneurship Programs -Start an entrepreneurship network in the community
- Survey community business owners to identify their service needs
- Create a directory of institutions and organizations that provide technical support
for entrepreneurs
Willingness to Invest - Seek funding for an entrepreneurship program in the community
- Identify local institutions (e.g., banks, schools) willing to provide in-kind services for
an entrepreneurship program
- Cast a vision for small business ownership among high school students
Beyond Town Borders Identify previous/existing (positive) experiences with other communities that might
set the precedence for collaborative entrepreneurship programming
- Identify resources/communities with whom partnership/collaboration makes
sense
- Contact state and regional organizations to access their networks for potential
collaborations
Entrepreneurs Can Enhance Local Communities

 Sponsor non-profit organizations in

the community
 Incorporate volunteering in the
company mission
 Design a business model that gives
back
 Contribute to the local economy
 Promote local businesses
 Thank you

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