|

January 6, 2006
by
Lisa van der Pool
Journal Staff
InnerCity
Entrepreneurs (ICE)
battles business isolation
When Lori Becker, president of
Publishing Solutions Group in Boston, formed her
company in 2003, her pizza delivery man became a close
confidant.
"It's very lonely. You work crazy hours," said
Becker, 37. "You know your pizza guy really well."
Isolation is a significant issue many new business
owners face, particularly those in Boston's inner-city
neighborhoods, who are less likely to have networking
time, contacts and know-how.
In search of an organization that would fortify her
network of peers, Becker enrolled in InnerCity
Entrepreneurs (ICE), a nine-month-long
Boston University School of Management-sponsored
certificate program created to flesh out the business
skills of established urban small-business owners.
"The reason I joined ICE is because I had come out of
a different geographic area (Andover) where I had a
really big network," said Becker, who is also a member
of the trade group
Bookbuilders of Boston. "When I started working in
Boston, I didn't have it anymore. When I heard about ICE
I thought, 'Wow, maybe I can get that network back.' For
me that was my biggest challenge."
ICE emphasizes networking with peer-to-peer meetings
-- where entrepreneurs discuss everything about their
businesses from financials to the right way to fire
someone -- and a private sector network of 40 local
lawyers, bankers, venture capitalists, advertising and
commercial real estate executives that entrepreneurs
have access to during and after the program. This week,
ICE, now in its third year, named a newly selected crop
of 11 companies for its 2006 program.
ICE seeks out entrepreneurs who show strong
leadership ability, have a stable business, interest in
real growth and have been involved in community service.
There are 9,000 businesses in Boston's inner city -- so
far, 24 entrepreneurs have completed the $1,500 program.
"A lot of these businesses are isolated. They don't
have old-boy networks from
Harvard Business School," said Andy Goldberg,
director of programs and development for ICE. "The fact
that they're not well networked on a social and
professional level restricts their access -- it's harder
for them to break into decision-making levels of major
corporations. Whereas someone coming from Boston
University or Harvard is starting with a leg up because
they come from a more privileged background."
Tapping into a network of peers was a priority for
Jeff James, CEO of
Red Galoshes, a 6-year-old e-commerce service
provider in Boston. James is a 2005 graduate of ICE. He
also networks through the Massachusetts Innovation &
Technology Exchange (MITX).
"Isolation is a huge issue. Even though you have
people around you, you can't necessarily speak candidly
with your staff. So when I had a CEO problem, I would
make up my own solution," said James. "Now that I've
gone through the program I have a much more robust
Rolodex of people like me who are in the same
situation."
With businesses like Red Galoshes and Publishing
Solutions Group in mind, Andrew Wolk, co-founder and
director of ICE, penned the program in 2003 after
receiving a $100,000 grant over three years from
Citizens Bank.
"We are looking to create jobs and generate wealth,"
said Wolk. "We're a minority majority city now, more
than half are Latinos and African-Americans, and a lot
of them reside in inner cities. So if you really think
about what is going to be critical to the success of
Boston, it is to find these businesses and build them
up. We're helping them with networking and
connectivity."
CBDesign President Christopher Broughton, 39,
started his design business after 10 years at
Digitas in Boston. Broughton, a 2005 graduate of
ICE, now shares office space in a four-story Boston
warehouse with James and Becker after the three met
while attending ICE.
"As entrepreneurs we are insular," said Broughton,
who also networks through MITX, the
Greater Boston Business Council and the
Greater Boston Convention and Visitors Bureau. "It
was nice to come together with all of our peers and
realize that we're not alone."
Building strong peer relationships is key to a
fledgling business's success because those are often the
connections that lead to investors, attorneys and
staffing possibilities, according to Margaret Somers,
director of the North Shore Regional Small Business
Center at Salem State College. Somers tells her clients
to join at least one industry trade group and one local
chamber of commerce, but says many businesses starting
out do not.
"Very often, they don't have anyone to talk to," said
Somers. "Networking is critical because managers of
small companies work a huge amount of hours and are very
focused on sales and often are isolated. To find friends
and business associates that are a source of personal
and business support is critical. People often say that
management is a lonely job because there are some issues
you can't share with your staff."
Lisa van der Pool can be reached at
lvanderpool@bizjournals.com. |