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