What is evidenced-based social

entrepreneurship? The opening remarks at the

Appalachian IDEAS Network Showcase

April 11, 2014

Peter H. Hackbert, Director

Entrepreneurship for the Public Good Program

Berea College

Berea, Kentucky

EPG Model for the Transitioning Appalachian Economies

Collaborative

Partnerships

Strategies Promising Economic

Sectors

Indicators of Success Long Term

Objectives

Trust and Relationships Across Partners and Sectors

Common Values, Ethics, Vision and Analysis

Increased Capital Rise in New Businesses

Access to Small Expansion of Existing

Businesses Businesses

Education for Growth of New Venture

Entrepreneurs Expand Digital Knowledge

Market Access Raise Living Wage Job

Increase in

Youth ProgramsAdvance Justice More Public & Private

System & Policies Investments & Support

Transition Strategies

Strengthen Engaged Communities

Community Effective Local Leaders

Capacity High Performing Firms

A Thriving

and

Sustainable

Economy

So

cia

l E

nte

rpri

ses

N

on

-Pro

fits

Pri

va

te

P

ub

lic

Re

ne

wa

ble

En

erg

y a

nd

En

erg

y E

ffic

ien

cy

Loca

l Fo

od

Sys

tem

s

He

alt

h

Dig

ita

l Te

chn

olo

gie

s

Art

s, C

ult

ure

an

d T

ou

rism

Source: Modified from the Appalachian Funders Network Working Framework Model, 2014

What we Used to Believe

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College3

Entrepreneurship can’t be taught

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College4

What We Now Know

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College5

Entrepreneurship can be taught to

those that volunteer

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College6

Not Easy

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College7

What we Used to Believe

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College8

Entrepreneurship education = years

in school or tons of money

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College9

What we Used to Believe

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College10

Startups are a Smaller Version of a

Large Company

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College11

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College12

What We Now Know

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College13

Startups Search

Companies Execute

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College14

All you need is the 5-Year Forecast

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College15

What we Used to Believe

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College16

No battle plan ever survives contact

with the enemy.

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College17

More startups fail from a lack of

customers than from a failure of

product development

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College18

Planning come before the plan

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College19

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College20

We Now Know How to Make

Startups Fail Less

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College21

How?

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College22

Entrepreneurial Education begins

with the Search for a Social

Entreprsie Model

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College23

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College24

What’s A Startup?

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College25

A temporary organization

designed to search for a repeatable

and scalable

business model

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College26

A Startup aims to become a

company

Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College27

Startups that succeed are those that

manage to iterate enough times

before running out of resources.

- Eric Ries, The Lean Startup

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College28

Life’s too short to build something

nobody wants.

- Ash Maurya, Running Lean

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College29

Customers don’t care about your

solution. They care about their

problems.

– Dave McClure, 500 Startups

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College30

Failing to build a path to customers

is among the top reasons why

startups fail

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College31

Think of

Social

Entrepreneurship

as a Horserace

Social Entrepreneurship: A Horse Race

The Horse – The Social

Enterprise Idea

Social Entrepreneurship: A Horse Race

The Horse – The

Enterprise Idea

The Jockey – The Social

Entrepreneur

Entrepreneurship

The Horse – The

Enterprise Idea

The Jockey –The Social

Entrepreneur

The Track – The

Appalachian

Community

Problems are Opportunities

4/24/2014CIMC Entrepreneurship Training,

Peter H Hackbert, EPG, Berea College36