By Geri Stengel
Michael Dell is a huge champion of entrepreneurship. He should know: his entrepreneurship made him billions so he is also an example of what economists and academia are saying about economic recovery: entrepreneurship is the way economies around the globe will rebound. Entrepreneurs create jobs, innovate products, processes and services, and promote cross-border trade. All of which boost economies.
Public companies make decisions based on hard facts, not intuition. Decisions take time. Entrepreneurs, like Dell, take risks based on their gut feel. They are laser-focused on customers, nimbly responding to their changing needs. Now that the company is private, once again, Dell has the freedom to guide his company based on his gut. His gut is telling him to support entrepreneurs in a big way. Of course, it’s not just world economies that will benefit; Dell the company will, too.
The value of entrepreneurs to our communities has been emphasized in both public policy and private corporate action. Think American Jobs Act, StartUp America, American Express Small Business Saturday, and Goldman Sachs 10,000 Small Businesses, among others.
“For Dell, supporting entrepreneurs isn’t just a business strategy, but a corporate philosophy.” said Ingrid Vanderveldt, entrepreneur-in-residence at Dell. The company is addressing really important problems — the need for jobs, innovation and cross-border trade – in a way that gives other entrepreneurs the advantage of the company’s expertise and that will grow Dell’s business. A win-win for everyone.
For the past year and half, the company has supported high potential entrepreneurs with technology and with those all-important other elements of success: money, knowledge, and connections. The suite of services called Dell Center for Entrepreneurs is intended for startups that need help scaling. Click to continue reading »
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