CELEBRATING GLOBAL ENTREPRENEURSHIP WEEK
MY MESSAGE ON ENTREPRENEURS: https://www.facebook.com/steve.s.rao/videos/889455892212445
INSIGHTS FROM TOM RUHE: https://www.facebook.com/steve.s.rao/videos/581265337462395
Global Entrepreneurship Week (GEW) is an annual event that takes place in various countries around the world, typically during the third week of November. The event aims to celebrate and promote entrepreneurship and innovation, bringing together aspiring and established entrepreneurs, business leaders, government officials, and other stakeholders to discuss, share ideas, and inspire action.
During Global Entrepreneurship Week, a wide range of activities and events are organized, including workshops, seminars, networking events, pitch competitions, and other initiatives that highlight the importance of entrepreneurship in driving economic development and job creation.
The week is a platform for fostering collaboration, encouraging creativity, and providing resources and support for individuals interested in starting or growing their own businesses. It also serves as an opportunity to address challenges faced by entrepreneurs, promote policies that support entrepreneurship, and showcase success stories from around the world.
Global Entrepreneurship Week is typically organized by a network of partner organizations, including government agencies, educational institutions, non-profit organizations, and businesses. The events and activities held during the week vary by location and are designed to cater to the specific needs and interests of the local entrepreneurial community.
Participation in Global Entrepreneurship Week is open to anyone interested in entrepreneurship, from students and startups to experienced business leaders. The goal is to create a global movement that encourages and empowers individuals to take the leap into entrepreneurship and contribute to the growth of their local and global economy.
RESOURCES FOR START UPS
SBA Office of Entrepreneurship Education
https://www.sba.gov/about-sba/sba-locations/headquarters-offices/office-entrepreneurship-education
The Office of Entrepreneurship Education's mission is to provide entrepreneurial information and education, resources and tools to help small businesses succeed. The office is an integral component of Entrepreneurial Development's network of training and counseling services.
MORRISVILLE MEANS BUSINESS PROGRAM
Our Town was sucessful in establising a Small Business Recovery Program for Small Businesses Affected by Covid 19. We are also planning more programs and encourage you to reach out to the Town as we work to establish more programs to help grow small businesses and start ups! I am working on ideas for an incubator in Morrisvile, more co working space, a position in our next budget to support small businesses, and I look forward to continued efforts to make our Town and our County, the Start Up Region in NC!
Please Contact:
Sara Ellis, Small Business Program Specialist
919-463-6909, sellis@townofmorrisville.org
https://www.morrisvillenc.gov/businesses/morrisville-means-business-program
LAUNCH MORRISVILLE
Launch Morrisville is an initiative started by the Morrisville Chamber of Commerce with the mission of providing resources and training that will help entrepreneurs and small business owners succeed in Morrisville.
The program consists of 10 weeks of intensive business training, during which all members of the Launch cohort will be provided with one-on-one mentoring from another local business owner, opportunities for networking within the Morrisville business community, and experienced entrepreneurial assistance that will help them unlock opportunities for local and statewide funding.
To learn more about Launch Morrisville, or to apply, visit the program's website at https://launchmorrisville.org/
Also, please visit Launch Cary at https://launchcary.org/apply/ along with other events programs across the county.
WAKE TECH ENTREPRENEURSHIP AND BUSINESS CENTER
Wake Tech's Entrepreneurship & Small Business Center helps people start and build businesses, serving any resident or small business in Wake County.
The center is part of the North Carolina Small Business Center Network. Its services are free – funded by your tax dollars.
https://www.waketech.edu/programs-courses/non-credit/build-business/small-business-center
YOUTH ENTREPRENEURSHIP PROGRAMS
TYE Carolinas
https://events.tie.org/TiEYoungEntrepreneursProgram2023-2024?fbclid=IwAR3cZ6vrhjkoKBok68E43IrxeMSdVFZC9f3_GFHMr76mFah3CicpANt9Ulg#/tickets?lang=en
TYE Carolinas is entering its 8th year of a global entrepreneurship program focused exclusively on high school students. Great experiences that accelerate career growth and build the college resume! Please forward to your friends and family (with high school students) so they can participate in this incredible opportunity.!
The program provides six months of coaching, team work, preparation, and inspiration culminating in a business pitch to local entrepreneurs and investors.
Our local champions (Drug Detectives from Green Level) recently won the global TYE competition in San Diego!
DECA
More than 227,000 DECA student members, teacher advisors, alumni and professionals around the globe join DECA each year to develop the next gen workforce.
Are you ready to join DECA? https://www.deca.org/
CONSIDER CROWDFUNDING
Learn More about Crowdfunding at https://incolo.io/about/
Crowdfunding is a method of raising capital or funds for a project, business, or cause by collecting small amounts of money from a large number of people, typically via the internet. It is a way for individuals, businesses, or organizations to access funding without relying on traditional sources such as banks or venture capitalists. Crowdfunding platforms serve as intermediaries that connect project creators with potential backers.
There are several types of crowdfunding models:
Reward-Based Crowdfunding: Backers contribute money to a project in exchange for non-monetary rewards. These rewards can vary, ranging from early access to the product, exclusive updates, or other incentives.
Equity Crowdfunding: Investors receive equity or ownership in the company in exchange for their financial support. This model is more common for startups and small businesses.
Debt Crowdfunding (Peer-to-Peer Lending): Investors lend money to individuals or businesses with the expectation of receiving repayment with interest over time.
Donation-Based Crowdfunding: People contribute money to support a cause or project without expecting any financial return. This model is often used for charitable or personal endeavors.
Real Estate Crowdfunding: Investors pool their money to invest in real estate projects, such as property development or renovations.
Popular crowdfunding platforms include Kickstarter, Indiegogo, GoFundMe, SeedInvest, and Crowdcube, among others. Each platform may cater to specific types of projects or funding models.
When considering crowdfunding, it's essential to have a well-thought-out campaign, a compelling pitch, and a clear outline of how the funds will be used. Additionally, understanding the terms and conditions of the chosen crowdfunding platform is crucial. Successful crowdfunding campaigns often involve effective marketing, engagement with the community, and transparent communication with backers.
I will be reaching out to Triangle Crowd Funding leader Will McGuire from Incolo to share more insights and will also be bringing him to Morrisville and other Wake County cities.
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