Are Entrepreneurs Alone?
Although it may look (or feel) that way at first, entrepreneurship is not a lone pursuit. Every individual entrepreneur (and their new enterprise) is part of an existing ecosystem. Ecosystems and the networks within them include customers, suppliers and providers, government and other regulatory bodies, and trade associations. For an ecosystem to thrive, it needs to be inclusive of others who want to participate and contribute, and the members need to be engaged. The ecosystem is a community or network, rather than a hierarchy. These 4 aspects of the ecosystem are essential for the long-term health of a startup community — driven by the entrepreneur, building something bigger than themselves: After seeing this, it was made clear to me how key the community is to success. Prospective entrepreneurs should take a good look at the community, network, competition, and supports available before diving-in and launching a new enterprise. You can watch the Kauffman Sketchbook video on “StartupVille” here: Follow along on Twitter @Francavilla, the course account @EntrepreneurSCS and the hashtag #StartUpEdu for more each week.
This is a sponsored post on behalf of University of Toronto School of Continuing Studies Certificate in Entrepreneurship program; however, the opinions provided are my own.