The Layers of the Access to Capital Problem in Entrepreneurship Support

Most academics and economic development professionals agree that the three key barriers to entrepreneurial success for minorities and women are 1) a lack of management knowledge/expertise, 2) a lack of access to capital, and 3) a lack of access to networks. Let’s take the lack of access to capital problem and break down its layers a bit so that we can identify the proper solutions. Continue Reading

Why Chicago Doesn’t Need Another CDFI

For those of you who are not familiar, a CDFI is a Community Development Financing Institution. In the small business world, these organizations make small business loans to companies and entrepreneurs who would be unable to get a traditional bank loan due to a lack of collateral, poor credit, no business history, a small loan size, or a host of other factors.  Continue Reading

Let’s Get Honest About Entrepreneurship Support

I’ve been publishing my New Venture Mentor blog, which directly serves entrepreneurs, and consulting directly with small business clients for years. I’ve also separately published pieces like my white paper, Re-Examining Entrepreneurship Support Structures to Improve Outcomes for Under-Served Entrepreneursand worked with non-profits that support entrepreneurs to help them improve their service offerings. Continue Reading