Sunday, June 26, 2005
A new report from Milliken University in Decatur, Illinois outlines some interesting attitudes toward entrepreneurship. According to the report, fear of failure stands as a big obstacle to business development: 49% of the residents in the region would shy away from actually starting a business because of their fear of failure. Read more.
In my own view, this fear of failure reflects relatively weak networks to support entrepreneurs. In my experience, this sense of fear comes from isolation. At the same time, building up peer, mentor and professional support networks can help overcome this emotional obstacle.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Fearing failure
