February 2011
Topic of the Month:
Entrepreneurship
Only have a minute?
Browse these quotes on entrepreneurship from famous entrepreneurs.
Have more than a minute?
Share your definition of an entrepreneur with the Hannah Grimes network (a group of veteran and aspiring entrepreneurs) on Facebook, LinkedIn or send us an email.
Review this month's resources:
What is Entrepreneurship? |  | |
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Growing Your Own
| I just finished a brutally difficult snowshoe through deep snow and feel decades away from spring gardening. But it was a lovely walk and, along with digging out my sidewalk and the path to Muffin the Sheep, I am certain I can eat twenty desserts tonight with impunity.
Fortunately for us, there is a very different kind of gardening that continues year round, year in and year out. Throughout the country, this region, and New Hampshire, communities are increasingly growing their own businesses. Since 1999, resident-owned businesses have increased in the US from 86% of the total establishments to 90%; and from 63% of jobs to 70%. In New Hampshire, we have seen an increase from 85% to 90% of total establishments; with jobs from resident-owned businesses increasing from 58% to 62%.
According to the Kauffman Foundation, entrepreneurship is replacing traditional firm attraction as a tool to economic success. The number of industrial manufacturing relocations and significant expansions has been falling steadily since 1995. Data for New Hampshire echoes that finding. If we look at NH in the last two years for which data is available, from 2006-2008, New Hampshire gained 12.2% in the total number of businesses. The news there is that the number of non-resident owned business shrank by more than 8% while the number of resident-owned businesses increased by 14.3%.
With the recession, there has been an 8% increase in business start up activity over just two years, serving to accelerate this trend. And when you consider that new businesses account for 1/3 of new jobs -- that is good news.
Speaking of growing new businesses, our renovation project is well underway and we should be in our expanded space in May or June. If any business needs an incentive to get involved at the Hannah Grimes Center, let it be known that incubated businesses have an 87% success rate of staying in business while other businesses have a failure rate in year one of between 65% and 70%. Research also shows that business failures are related to missteps that can be avoided. We have a meeting coming up on the new spaces available -- we are tripling the number of our incubator offices -- give us a call if you are interested in learning more about this business growth program.
We hope you will join us, in one way or another, in this wonderful gardening that we can enjoy year round.
Enjoy the snow and your just desserts!
MAK
Mary Ann Kristiansen
Hannah Grimes Center Executive Director
mak@hannahgrimes.com  | |
First Floor Renovation Tour with Hannah Grimes Key Partners
(from L to R): Cameron Tease, Markem-Imaje; Lori Constant, FairPoint;
Allison McLean, PSNH; Melinda Mosier, New Hampshire Charitable Foundation; Jane Stabler, Putnam Foundation; MAK;
Pat McDermott, PSNH; Valerie Woods, Baybutt Construction
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HANNAH GRIMES NEWS & EVENTS
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Tackling Your Schedule C
Workshop
With Rick Renzelman, H&R Block
Saturday, February 19, 9 a.m. - Noon
Hannah Grimes Center, Keene
 | The Schedule C - a tax form to report business profit or loss -- looms as a one-page nightmare for many small business owners. For those who want the complexities of this form explained once and for all, attend the Tackling Your Schedule C Line by Line Workshop. Rick Renzelman, owner of H&R Block in Keene, will help you fill out the form properly and to your best advantage. He will also alert you to any significant changes in the tax code this year.
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February - June Workshops
Mark Your Calendars Now! |
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Entrepreneurial Needs & Offerings*
| Nominations Due: The Self Made in New Hampshire event will celebrate and recognize those who have persevered and made their own way in life. Nominations for the Self Made in New Hampshire Award might include a teacher, landscaper, nurse or small business person and are due by March 25, http://www.SelfMadeinNH.com.
Sponsors & Volunteers Needed: FIRST (For Inspiration and Recognition of Science and Technology) recently awarded a small grant to a Youth Robotics Team in the Monadnock Region. We are in need of sponsors and volunteers to ensure the success of the 1st Annual Northern New England FTC Championship on Saturday, March 12 at the Great Brook Elementary School in Antrim, NH. Contact: Brian Foucher, President, WiValley, 603-546-7201, brianf@wivalley.net.
Keene Technology Enterprise Center Opens: Workspace & collaboration opportunities for startups and established companies in the Technology and Advanced Manufacturing fields. A variety of office, manufacturing and lab spaces, conference rooms, storage space and on-site parking available. For more information or to arrange a tour contact Don Brehm, 603-363-2706, pdbrehm@myfairpoint.com.
*The Hannah Grimes Center is posting these classifieds as a service to readers and does not imply endorsement. Add your own classified ad: Send a 20-30 word description of your service or product that is directly supporting entrepreneurs to jen@hannahgrimes.com. Make sure to include the best way to contact you. |
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Designing Websites
that Really Work
SCORE
Tuesday, February 15, 6 - 9 p.m.
Savings Bank of Walpole, Keene
| The basics of successful advertising and sales on the World Wide Web with emphasis on driving traffic to your website through Search Engine Optimization. Cost: $30. Register at http://www.monadnockscore.org.
SHRM: HR Essentials KSC Continuing Education Saturdays, February 19 & March 5, 8 a.m. to 5 p.m. Keene State College, Keene
This course address real-life HR issues, including employment law, selecting qualified employees, compensation, the employee performance process, training, and much more. Cost: $400 includes all materials. Contact: continuing-ed@keene.edu, 603-358-2290.
Breakfast Forum Greater Keene Chamber of Commerce Wednesday, February 23, 7:15 a.m. Bentley Commons, Keene
Speaker is John "Jack" Dugan, Monadnock Economic Development Corporation. Cost: No cost for GKCC members, $5 for non-members. Contact: 603-352-1303 or info@keenechamber.com.
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| LOCAL LIVING ECONOMY EVENTS |
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SAVE THE DATE:
Slow Living Summit
Wednesday - Friday, June 1 - 3
Brattleboro, VT
A gathering of diverse movements toward local and regional sustainability from New England and beyond, the Slow Living Summit will be an intensive two-and-a-half day exploration of ways to build healthy, thriving local economies while encouraging, mentoring and supporting a new generation of activists, entrepreneurs and engaged citizens, http://www.strollingoftheheifers.com.
NOTE DATE CHANGE:
Affordable Housing Summit
Heading for HomeWednesday, June 1, 8 a.m. - 1:30 p.m. Keene State College, Keene
Please join Heading for Home and the Southwest Region Planning Commission for a summit on affordable workforce housing; http://www.headingforhome.org.
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| FINANCING NEWS & RESOURCES |
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| There are many differing views on what makes someone an entrepreneur and what an entrepreneurial venture is. In a sense the definition itself is evolving as the field itself comes into the mainstream of American business. While we speak of many of the originators of businesses in the past as entrepreneurs, it was not until the mid1970's that the concept became a prevalent enough part of our economy that definitions even were necessary.
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At the start of the Hannah Grimes Entrepreneur Project, we ask participants "Are you an entrepreneur?"
... about 58% of participants answer "Yes - I am an entrepreneur." ______________________________________________ 
Think Like an Entrepreneur Originally Posted on Entrepreneur.com By Michael E. Gerber
It's my position that all successful entrepreneurs possess one fundamental ability, one fundamental quality, one fundamental skill, one fundamental interest, without which they would never be successful: Entrepreneurs possess the ability to perceive the world as a system. Without a doubt, every entrepreneur worth his or her salt is a "systems thinker." They could not do what they do without it.
What is Social Entrepreneurship? Originally Posted on PBS.org
A social entrepreneur identifies and solves social problems on a large scale. Just as business entrepreneurs create and transform whole industries, social entrepreneurs act as the change agents for society, seizing opportunities others miss in order to improve systems, invent and disseminate new approaches and advance sustainable solutions that create social value. Meet social entrepreneurs from the past.
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2011 Hannah Grimes Center
Key Partners
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