The Gaithersburg-Germantown Chamber of Commerce continued its Entrepreneur Breakfast Series this morning, Thursday, October 13, at the Paul Peck Building on the Germantown Campus of Montgomery College. The fourth in the series was entitled “Evolution is Essential for Entrepreneurs.”
“It was great to have so much expertise in one place. Our speakers were very generous with the time and expertise to help young entrepreneurs avoid some of the pitfalls of starting one’s own business,” said Marilyn Balcombe, GGCC Executive Director.
The morning began with Keynote Speaker David Nguyen, Founder/CEO of United Solutions, who spoke on “Evolution is Essential for Entrepreneurs - Are You Sure You're Heading in the Right Direction?” During his presentation, Nguyen quoted Eric Ries, author of The Lean Startup, stating “over 75 percent of startups fail;” but concluded his lecture saying, “entrepreneurship is management and success is engineered.”
He was followed by a panel discussion of entrepreneurs that included: Michelle Beiga, Principal, Today’s HR, LLC; Rusty Davis, Principal, Davis & Associates, P.A. & Tom Plant, Managing Partner, Paul Davis Restoration & Remodeling. Each panelist shared their story, divulged how they evolved as an entrepreneur, and what helps them to continue their journey as successful entrepreneurs.
Entrepreneurs, business owners, and Montgomery College students gathered to discover if evolution is necessarily essential in business. The consensus among the keynote and panelists is yes; evolution is essential. Plant said, “every industry is changing.”
The takeaway from this seminar is simple, according to a GGCC press release; businesses need to evolve to become stronger and more adaptable to various environments. From the panelist Q&A, we discovered that we need diversification, businesses need to accept change, businesses need to know their strengths and weaknesses and need to be able to delegate. By implementing necessary and efficient tactics into a business, one can evolve and produce much faster results in a business. Evolution is necessary for a business to succeed
The event was sponsored by Montgomery College.
The GGCC is active in providing business-to-business networking opportunities throughout the year: a collective voice in local, regional, and state legislative affairs, professional development opportunities and other services that enhance the business environment.
Caption: David Nguyen, Founder/CEO of United Solutions; Michelle Beiga, Principal, Today’s HR, LLC; Marilyn Balcombe, Gaithersburg-Germantown Chamber Executive Director; Rusty Davis, Principal, Davis & Associates, P.A; & Tom Plant, Managing Partner, Paul Davis Restoration & Remodeling at the GGCC Entrepreneur Breakfast Evolution is Essential for Entrepreneurs on October 13.
Photo credit: Laura Rowles, GGCC Director of Events & Marketing