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News & Announcements

April, 2006

Micro Business Growth, Inc. and VRCities, Inc. are launching the BizBuilders Network program to faciliate online and offline business networking. This is part of the VRCities portal support activities to conncet online and offline enterprise development. VRCities is the operator of the BizBuilders Center.


Rapid Business Growth Initiative Action Planning Process

    The impetus for the Rapid Business Growth Initiative is the recognition that prosperity can be most successfully achieved through an interactive process that fosters rapid business growth and the formation of entrepreneurial culture.

    The deliberate creation of prosperity can occur through the exercise of leadership that ensures an integrated, concentrated regional effort by coordinating organizational activities and leveraging existing resources as part of an intense action planning process.

    The Rapid Business Growth Initiative and the Forum for Growth center on the execution of an action plan that starts with the initial formulation of five-year benchmarking objectives for a given economic region, as exemplified below

Business Environment

Total estimated number of enterprises in the economic development region ~100,000Annual start-ups ~5,000

Rapid Business Growth Program

100 Gazelle prospects assisted in year one and 150 Gazelle prospects assisted each year thereafter. {To undestand what a top-performing gazelle can do, be sure to review list of #1 Inc.500 companies, here.]

Three Gazelle levels 5-year sales growth rates

A $200,000 to $100,000,000 (50:1)

B $100,000 to $25,000,000 (20:1)

C $50,000 to $10,000,000 (10:1)

Three outcome scenarios

Scenario 1. Two "A" Gazelles, 20 "B" Gazelles and 50 "C" Gazelles

Scenario 2. One "A" Gazelle, 15 "B Gazelles and 30 "C" Gazelles

Scenario 3. 10 "B" Gazelles and 20 "C" Gazelles

Entrepreneurial Culture Measures

# of business organizations

Activity levels of business organizations (focus on networking)

Media content measurement

Annual survey data

Enterprise Community Support Program

Two target communities with populations of 15,000 to 25,000

100 start-ups in year one and 150 start-ups each year thereafter.

Market Niche Activity

    Implementation activities will emphasize the growth of companies in three market niches.

    1. Internet marketing and technical services
    2. Trade activities
    3. Growth niche appropriate for the region
For the selected market niches, what are:
    1. # of businesses formed and operating
    2. Level of networking activity
    3. Sales and profit level
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