FROM PURPOSE TO STRATEGY AND IMPLEMENTATION DRAFT FOR DISCUSSION PURPOSES ONLY
START SMALL 2020 Breakthrough: Incremental
SCALE FAST 2022 Breakthrough: Substantial
THINK BIG 2024 Breakthrough: Transformational
VISION SNAPSHOTS
ENTREPRENEURS
Conduct Entrepreneurial Institute in the Regions
• Innovation pipeline that creates more entrepreneurs, investment opportunities and social impact for partners and members • Black owned businesses grow exponentially
Recognized as THE Black owned business growth resource
(Start up --> Spin o ) Ecosystem - THE platform for black businesses to connect and grow
What is our CURRENT STATE - 2019
What THINK BIG looks like
• We have only assisted a handful of start ups • At zero today but making strides w/Entrepreneur Institute • Not considered or known for this (as a growth resource) • Opportunity for growth here, need more planning to strengthen • Scale up pitch
• The Founders Pledge has provided gis back to NBMBAA® of $250K • Entrepreneur members provide gis back to NBMBAA® of $250K
CRITICAL INITIATIVES
2020 • Expand Regional ScaleUp Pitch Challenge events to include Entrepreneurial Institute o erings - Add additional cities - Add supplier diversity experience for entrepreneurs at conference • Focus Beyond Big Company Employment • Consider ways the NBMBAA® could play a greater role in the creation of black wealth and opportunity. • Advocate for entrepreneurship as a path to creating Black wealth and opportunity • Cultivate more relationships with venture capitalist and angel investors • Consider hiring a consultant to develop new programs, services, and products targeting entrepreneurs, VCs and angels • Consider hiring a consultant to develop new programs, services, and products for the big company space
2022 • Develop and launch
2024 • Launch media / publicist campaign to build business launch / growth engine campaign
Headline Indicators • Number of Entrepreneurs in Membership • Access, Opportunity and Impact Provided to Entrepreneurs • Number of Chapters O ering Entrepreneurial Institute Programming • Attendance at EI Regionals
entrepreneurial conference leveraging the current
conference strength and resources • Build capability as business launch / growth engine • Partnerships with corporate partners to give market access to our network of entrepreneurs
Planned for 2019-2020 • Empower Entrepreneurs Initiative • Engage Entrepreneurs Initiative (Pitch Challenge)
• SCALE UP
submissions grow 10x to 1,500
• Provide Access to Information • O er Business Development Opportunities • Provide Access to Funding
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