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The value of expert help for entrepreneurs

27th November, 2015 No Comments


Starting a business on your own can be a daunting task to say the least, and many people are discouraged by the idea of having to manage every aspect of the venture themselves. This couldn’t be further from the truth, as a multitude of support networks have been put in place up and down the country to help guide and advise you in every aspect of business.

The value of expert mentoring is something that should not be underestimated. According to research by the Federation of Small Business, 70% of entrepreneurs that receive mentoring survive for five years or more, which is double that of non-mentored entrepreneurs.

Start up advice statistics

Even if you know your product and target market inside out, this doesn’t necessarily guarantee success, as there is still a lot to do after the initial stages of product development. Every start-up business has access to a support network and they should take full advantage of it. Support networks and expert help from mentors will not only help your business to grow, but to thrive.

Mentoring is a relatively new concept for businesses, but it is something that has become readily available over the past few years through various business support networks. It is usually provided by established business owners who want to give back to the local business community and help entrepreneurs succeed. Let’s have a look the different ways in which expert mentoring can give you the best chance of success.

You know the goals for your business and you know your product inside-out, but you may need assistance with marketing, financial planning or developing a business plan.  Working in these unfamiliar areas will most likely bring about complex problems that you may not have encountered before. This is where your expert mentor steps in. Your mentor will be able to guide you through these problems so that you can learn how to get past them and eventually tackle these tasks yourself.

Your mentor will also be able to identify areas that may need a lot of attention, areas that you may not have even considered, all helping your business to gain a competitive edge. Having a trusted person to talk to when your business is encountering problems is also very important and a reliable mentor is something that shouldn’t be overlooked. Your mentor will be able to give you an honest opinion and will be on hand to talk you through any problems that may arise.

One of the common barriers for start-ups is business planning. If you are applying for a start-up loan or grant, you will need to ensure that your business plan is up to scratch. You will need someone to provide a second opinion and there is no one better to do this than a start-up expert. Starting a business isn’t an easy task, but can be made easier by taking advantage of the support available. You’re not alone, and you’re not the only person who wants to see your business succeed!

Written by Tara Gillam, Business West

The Start & Grow programme will support you and your business through the start up stages and for a further 3 years after you commence trading.  Contact your local Cavendish partner for more information.

* statistics from CEEDR Report – ‘Research to understand the barriers to take up and use of business support’ undertaken for the Department for Business Innovation and Skills – July 2011.

Start & Grow is funded by the Regional Growth Fund, and delivered in specific areas across England by the Cavendish Consortium partners.

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Glasses of champagne on bar background

Cavendish partners feature highly in this week’s National Enterprise Network Conference and Awards 2015

24th November, 2015 No Comments


This year’s National Enterprise Network Conference, sponsored by NatWest and taking place at RBS’s conference centre takes place on Friday 27th November and looks set to feature insightful and thought provoking discussions around the theme of ‘Synergy and Success’.  The conference celebrates encouraging enterprise support with strengthened partnerships, delivering locally.

L NEN RGB_OnlineUse (June 2011)

The conference will kick off with an interactive debate between key sector contributors, discussing the outlook for the economy and the impact it has on small businesses. There will also be a closer look at the self-employed and identify the trends and predictions that could impact in the future.

Simon Devonshire will be around after the networking lunch to share his view on the importance of scaling-up, why it matters and how to do it.  Simon is himself an entrepreneur, co-founder, investor, and business blogger and will lead a Q&A session after his presentation.

There will also be time to look at the programmes and partnerships that are making waves within the enterprise support sector. and an in depth look at ‘Enterprise impact – the growth of a start up business’ with an interview with Paul Ogglesby, founder of Riverlite.  Paul has come from a one man start up business in 2008 to having a multi million pound turnover today.

The 2015 Conference will be rounded off with a celebration of achievements in enterprise support.  The NEN Awards recognise ‘excellence in the delivery of enterprise support; encouraging the exchange of good practice and the development of improved services and organisations’, and the categories are designed to match to enterprise support activity – no matter what an agency’s size or specialism.

Cavendish Enterprise is delighted and very proud to see 3 of its partners short-listed for a few of the Awards and we wish them all the very best of luck for Friday.

THE 2015 NATIONAL ENTERPRISE NETWORK AWARDS SHORTLIST:

Local Enterprise Agency of the Year:

* Britain’s Energy Coast * Colbea * Enterprise First * Menta * Northumberland Business Services Ltd * Nwes * Rotherham Investment & Development Office * Stanta * Yorkshire Coast Enterprise

Future of Enterprise Support Award:

* Britain’s Energy Coast * Business West * Enterprise First * Rotherham Investment & Development Office * South Durham Enterprise Agency * Yorkshire Coast Enterprise

Client Engagement Award:

* CENTA Business Services * Nwes * WSX Enterprise

Enterprise Communicator of the Year:

* Economic Solutions * North East BIC * North Somerset Enterprise Agency * Staffordshire Chambers of Commerce

Enterprise Team of the Year:

* BEC * Business Sheffield * Business West * Staffs Chamber

Enterprise Coach/Mentor of the Year:

* Hammie Tappenden – Enterprise First * Joe Barrell – Nwes * Martyn Benson – Rotherham Investment & Development Office

Unsung Hero of the Year:

* Alyson Eyval – Business West * Emma Milroy – Ignite Business Enterprise * Jenn Crowther – Yorkshire Coast Enterprise * Martyn Cooper – Birmingham Chamber of Commerce

… and good luck to all the other nominees too!

We look forward to bringing you the Winners next week together with a roundup of the main issues discussed and raised at the Conference.

Click here for more Conference information.

 

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Cavendish members’ Events for GEW on Friday 20th November

19th November, 2015 No Comments


Cavendish Consortium Partners‘ GEW Events

Friday 20th November

As Global Entrepreneurship Week comes to a close, here’s the final list of the Cavendish Enterprise partners’ events to support start up, new, and growing businesses.

 

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GEW is a great opportunity.  Don’t miss out …..

go to events,

share your ideas for business,

show your passion and commitment,

be inspired by other entrepreneurs,

and above all MAKE IT HAPPEN.

The Start & Grow programme, funded by the Regional Growth Fund across England, delivers support and training to entrepreneurs.  The scheme is available to those

looking to start a business which expects to employ people from its early stages

where start up financing will be required to get the venture off the ground

Start & Grow could help you MAKE IT HAPPEN.

 

Events for Friday 20th November:

NORTH EAST delivered by TEDCO

Starting up in Business seminar Darlington Business Central – Friday 20th November

Contact TEDCO for more information [email protected]

 

WEST MIDLANDS delivered by NEN / Birmingham Chamber of Commerce

Know your Business

Session content: The event will have a strong focus on market research covering topics such as clients, suppliers, competitors and marketing, and is designed to challenge your knowledge of your target market and subsequently the potential viability of the business.  Friday 20th November : The Vox Conference Centre, Resorts World Birmingham, Birmingham : 11am – 1:30pm

 

SOUTH EAST delivered by Enterprise First

Bookkeeping Workshop – Friday 20th November

Business Start-Up Workshop in Southampton – Friday 20th November

Business Growth Network in Southampton – Friday 20th November

 

GEW Circle

Cavendish GEW events for Thursday 19th November

18th November, 2015 No Comments


Cavendish Consortium Partners‘ GEW Events

Thursday 19th November

To celebrate Global Entrepreneurship Week Cavendish Consortium partners have various events to support start up, new, and growing businesses.

GE-WEEK

The Start & Grow programme, funded by the Regional Growth Fund across England, delivers support and training to entrepreneurs.  The scheme is available to those

looking to start a business which expects to employ people from its early stages

where start up financing will be required to get the venture off the ground

Start & Grow could help you MAKE IT HAPPEN.

GEW is a great opportunity.  Don’t miss out …..

go to events,

share your ideas for business,

show your passion and commitment,

be inspired by other entrepreneurs,

and above all MAKE IT HAPPEN.

 

Events happening in your region on Thursday 19th November:

 

NORTH EAST delivered by TEDCO

TEDCO advisor drop in session (Tracy) at Campus North café, Newcastle – Thursday 19th November

Contact TEDCO for more information [email protected]

 

SOUTH WEST delivered by Business West

Business StartUp Workshop – Gloucester  – Thursday 19th November

 

SOUTH EAST delivered by Enterprise First

Gosport Informal Network  – Thursday 19th November

 

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#MakeItHappen – Global Entrepreneurship Week – Cavendish events for Wednesday 18th November

17th November, 2015 No Comments


Cavendish Consortium Partners‘ GEW Events

Wednesday 18th November

To celebrate Global Entrepreneurship Week Cavendish Consortium partners have various events to support start up, new, and growing businesses.

Do It Now S&G

The Start & Grow programme, funded by the Regional Growth Fund across England, delivers support and training to entrepreneurs.  The scheme is available to those

looking to start a business which expects to employ people from its early stages

where start up financing will be required to get the venture off the ground

Start & Grow could help you MAKE IT HAPPEN.

GEW is a great opportunity.  Don’t miss out …..

go to events,

share your ideas for business,

show your passion and commitment,

be inspired by other entrepreneurs,

and above all MAKE IT HAPPEN.

 

Events for Wednesday 18th November

NORTH WEST delivered by BBV

BBV running its own business start-up seminar in BOLTON on Wednesday 18 November, which is open to all aspiring entrepreneurs to attend. This free event will enable participants to get connected to new business ideas, contacts and support, as well as be inspired by other entrepreneurs who have already made it happen, by turning their ideas into reality.

It promises to be a great event and is being held in an amazing venue, All Souls Bolton, which is a place that inspires. So if you want to start your own business this is the place to start and the opportunity that you have been waiting for to MAKE IT HAPPEN.

 

NORTH EAST delivered by TEDCO

If We Can, You Can challenge and GENESIS 5 regional universities event at Baltic Gateshead – Wednesday 18th November

Start & Grow surgery Enterprise House, Barnard Castle, Tees Valley – Wednesday 18th November

Contact TEDCO for more information [email protected]

 

YORKSHIRE & HUMBER delivered by NEN / Airedale Enterprise

Social Media: Getting Started full day workshop – Wednesday 18th November

 

WEST MIDLANDS delivered by NEN / Birmingham Chamber of Commerce

Know your Business – Session content: The event will have a strong focus on market research covering topics such as clients, suppliers, competitors and marketing, and is designed to challenge your knowledge of your target market and subsequently the potential viability of the business.  Wednesday 18th November : 10:30am – 1pm

 

SOUTH EAST delivered by Enterprise First

Meet the Local Expert – Wednesday 18th November

 

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