Can Endeavor Help Struggling Entrepreneurs Abroad and in the U.S.? The global network of business leaders was supposed to help emerging-market entrepreneurs scale up, but now the organization is needed closer to home.

By Neil Parmar

Opinions expressed by Entrepreneur contributors are their own.
Endeavor co-founder Linda Rottenberg has long looked to aid<br /> high impact entrepreneurs in the developing world only,<br /> until recently.

Just because a business is based in the entrepreneurial mecca of the U.S. doesn't mean it's above needing help.

If you're tapped into the world of entrepreneurship, it's possible you've heard of Endeavor, the New York City-based nonprofit that helps connect promising entrepreneurs with vital business-building resources. Since its launch in 1997, the organization has focused primarily on high-impact entrepreneurs in emerging markets. Yet, recently Endeavor set its sights on entrepreneurs stateside for the first time.

"The world has changed and the reality is we're hurting too," says Endeavor's co-founder and CEO, Linda Rottenberg. "There are pockets of the United States where people are really suffering as well, and where high-growth, high-impact entrepreneurs can make a difference."

After the recession, hard-hit entrepreneurs from cities like Detroit and Atlanta started calling for Endeavor to open offices there. Further, the U.S. has long lacked the same level of social security and medical benefits as peers in parts of Europe or Canada, some say.

Related: Starting Up in the Developing World: More Risk, More Reward

"It's more difficult being an entrepreneur in the U.S. than in other parts of the world," says Thomas White, president of the Westby, Wisconsin-based C-Suite Network, an online network for C-level execs.

As a response, Endeavor finally took action in September by opening an office in Miami and assembling a board of local business leaders that includes execs from Virgin Hotels and Cisneros Group, one of the biggest privately held media companies in the world.

Among the 15 biggest metropolitan areas within the country, Miami ranks the highest for entrepreneurial activity, according to a report released in April by the Kauffman Foundation. Yet experts say the city has struggled to expand these ventures to the next level.

"We're not seeing the kind of growth and scale-ups, and if we can solve that problem we'll also keep our most talented in Miami by using entrepreneurship as a tool for community building," says Matt Haggman, the program director in Miami for the Knight Foundation, which committed a $2 million investment to help bring Endeavor to the city.

Related: Lack of Confidence, Fear of Failure Hold Women Back From Being Entrepreneurs

An outpost in Miami is seen as a way to link local "treps to the growing number of business tycoons who are based in Latin America, where Endeavor first got its start and has access to board members in sectors such as tech, telecoms, retail and finance. The first cohort of entrepreneurs from Miami will likely be announced in December, following Endeavor's next international selection panel in Dubai.

Miami is only the first city in Endeavor's expansion plan within the U.S., though getting established there won't be easy. "The perception of high-impact entrepreneurs coming out of Miami amongst Americans and the global community is a scratch-your-head, "wait a minute,'" says Joanna Harries, Endeavor's vice president for North America. "The challenge there is overcoming that perception, and it's going to take time."

While it's too soon to say whether Endeavor will succeed in its new mandate in the U.S., its efforts certainly couldn't hurt. Just look at its track record: The nonprofit has offices in 19 countries around the world including Chile and Argentina, with the United Arab Emirates and Malaysia among the latest to join.

Related: After the Protests: What It Takes to Start Up in Turkey

Endeavor claims to have screened some 37,000 entrepreneurs in the past 16 years and only accepted 844 entrepreneurs. Those who've made the final cut -- after what's typically a yearlong series of interviews that scrutinize a venture's business model, hiring practices and sales potential -- have gone on to collectively create more than 225,000 jobs and generate more than $6 billion last year alone.

Wavy Line

Neil Parmar's work has been published in The Wall Street Journal, SmartMoney Magazine, The Huffington Post and Psychology Today, and he's been interviewed on CNN, ABC News, Fox News and radio shows in the U.S. and U.A.E. In 2012, former President Bill Clinton announced that Parmar was among one of three winning teams, out of 4,000 applicants, who won the Hult Global Case Challenge and $1 million to help SolarAid, Habitat for Humanity and One Laptop per Child. Most recently, Parmar was an assistant business editor and writer for The National, a newspaper based in the Middle East.

Editor's Pick

A Father Decided to Change When He Was in Prison on His Son's Birthday. Now His Nonprofit Helps Formerly Incarcerated Applicants Land 6-Figure Jobs.
A Teen Turned His Roblox Side Hustle Into a Multimillion-Dollar Company — Now He's Working With Karlie Kloss and Elton John
3 Mundane Tasks You Should Automate to Save Your Brain for the Big Stuff
The Next Time Someone Intimidates You, Here's What You Should Do
5 Ways to Manage Your Mental Health and Regulate Your Nervous System for Sustainable Success

Related Topics

Business News

'Do You Hate Me?': High School Teacher Shares Wild Emails He Receives From Students

Jordan Baechler teaches high school students in Ontario, Canada.

Growing a Business

How to Build a Thriving Community That Will Skyrocket Your Business

Build a strong community, and transform your business with these proven strategies.


How to Overcome Imposter Syndrome as a Young Entrepreneur

How to recognize, cope with and overcome the feelings of self-doubt and inadequacy that plague many aspiring business owners.

Business News

'I Am Just Floored': Woman Discovers She Won $1 Million Lottery Prize While Checking Her Email at Work

Initially, she thought the email was a scam, but went to lottery headquarters and walked away with a six-figure check after taxes.