National Enterprise Network 2013 Conference

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On Friday 15th November, the National Enterprise Network was joined by almost 230 delegates at its annual conference at the British Library in London for an event to celebrate the work of enterprise support organisations and the results they achieve for business start-ups and established small businesses across the country.

Sponsored by Barclays, the National Enterprise Network conference has run for over twenty years to raise awareness of and encourage discussion in the enterprise support sector. An excellent array of speakers created an insightful and thought provoking programme – with direct contributions form key Government spokespeople, leaders in related fields and successful entrepreneurs.

Missed it? Check out Storify - http://storify.com/NatEntNet/2013-national-enterprise-network-conference

Published in: Business, Economy & Finance
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National Enterprise Network 2013 Conference

  1. 1. Paul McEldon NEN Chairman Welcome and introductions
  2. 2. Sue Hayes Managing Director, Barclays Business Banking Headline sponsor’s address
  3. 3. The Rt Hon Lord Young Prime Minister’s Adviser on Enterprise Keynote speaker
  4. 4. Frances Brindle Director of Audiences, British Library
  5. 5. The Rt Hon Michael Fallon MP Minister of State for Business and Energy Ministerial address
  6. 6. Refreshments and networking break
  7. 7. Andrew Devenport CEO, The Prince’s Youth Business International (YBI)
  8. 8. Why networks are important Andrew Devenport, Chief Executive,
  9. 9. YBI – a global network France, Israel, Italy, Netherlands, Poland, Russia, Serbia, Spain, Sweden, Ukraine, UK Canada , Barbados Belize Dominica, Jamaica, Trinidad & Tobago Argentina, Brazil, Chile, Paraguay, Peru, Uruguay Jordan, Saudi Arabia, Syria, Tunisia Kenya, Nigeria, Uganda Bangladesh, Bhutan, Mongolia China, Hong Kong, Singapore India, Sri Lanka Australia 39 countries, locally rooted and locally led Shared values, shared purpose, shared approach
  10. 10. The power of a network
  11. 11. Global Entrepreneurship Week 2013 We want current and aspiring entrepreneurs to take a step forward in their plans – whether that’s starting a business, seizing a new opportunity or finding out more about careers in enterprise. www.gew.org.uk #GEWfwd
  12. 12. Real life entrepreneurs
  13. 13. Rekha Mehr Business owner: Pistachio Rose www.pistachiorose.co.uk @pistachiorose / @rekhamehr
  14. 14. Mark Earnden Business owner: Mark Earnden www.markearnden.com @markearnden
  15. 15. Phil Pethybridge Business owner: Neon Street and Your Music Business www.neonstreet.net / www.yourmusicbusiness.co.uk @ppethybridge / @neonstreet / @ymbuk
  16. 16. Phil Pethybridge Industry: ‘Build audiences and maximise income’ Education: 'Support young musicians to develop sustainable careers’
  17. 17. Real life entrepreneurs Q&A
  18. 18. Lunch and networking
  19. 19. Annual General Meeting NEN Members only
  20. 20. Justin Urquhart-Stewart Co founder, Seven Investment Management
  21. 21. NATIONAL •ENTERPRISE •NETWORK NOVEMBER 2013
  22. 22. GLOBAL GROWTH •EFFECT •ON UK? NOVEMBER 2013
  23. 23. GREEN SHOOTS •OR ADVANCED •MOULD 30
  24. 24. Green Shoots or Advanced Mould? 31
  25. 25. REAL GROWTH... Consensus forecasts for Real Global GDP growth 3.4% 3.2% 3.0% 2.8% 2.6% 2.4% 2.2% 2.0% 2013 2014 Source: FT November 13 32
  26. 26. THE TAPIR & THE PANDA Vs. 33
  27. 27. BUT COMING OFF THE STIMULANTS....
  28. 28. ‘PRO-GROWTH’ POLICIES: QE SOURCE: MACROBOND CENTRAL BANK BALANCE SHEETS 35
  29. 29. USA - HOW TO KICK THE CAN...... 36
  30. 30. UNDERSTANDING THE “FISCAL CLIFF” PUT IN BETTER PERSPECTIVE  U.S. Tax Revenue: $2,170,000,000,000  Fed Budget: $3,820,000,000,000  New debt: $1,650,000,000,000  National debt: $16,699,000,000,000  Recent Budget cuts: $38,500,000,000
  31. 31. UNDERSTANDING THE “FISCAL CLIFF” NOW LET’S REMOVE EIGHT ZEROS & PRETEND IT’S A HOUSEHOLD BUDGET...  Annual Family Income: $21,700  Money the family spent: $38,200  New debt on the Credit Card: $16,500  Outstanding Balance on that Card: $166,990  Total Budget cuts so far: $38.5
  32. 32. USA Growth Easing? Employment rising slowly Corporate Earnings Peak Fiscal Fudge & Sequester Housing improving Lower Cost Fuels
  33. 33. GAME CHANGER?
  34. 34. US DEFICIT REDUCTION 42
  35. 35. A DIVIDED VIEW – Can He Do It?
  36. 36. EUROZONE The Future of the Euro ECB buying bonds Austerity & Growth? German election? A decade ago 12% umplymt Company Valuations Low Confidence
  37. 37. MERKEL’S DIRECTION FOR CYPRUS 45
  38. 38. EUROPE – EMERGENCY OVER? 46
  39. 39. FRANCE AND GERMANY - A UNITED APPROACH? 47
  40. 40. Ezone Current A/c balances November 13 “For the use of authorised intermediaries only. This document must not be distributed to retail clients.” See notes on 48
  41. 41. UNIT LABOUR COST DIVERGENCE REVERSING
  42. 42. GERMANY NEEDS EUROPE •Exports 40% to EuroZone, 31% to rest of Europe, 6% to China and 7% to USA! SOURCE: MACROBOND 50
  43. 43. EUROPE – WINDOW OF OPPORTUNITY? SOURCE: BANK CREDIT ANALYST 51
  44. 44. GROWTH IS EXPECTED TO RECOVER IN THE COURSE OF 2013 & 2104
  45. 45. IS THE EURO WEAK?! GBP USD 53
  46. 46. UK Sustainable Growth? Fixing the Banking system No Power & Transport Strategy Debt & Deficit Tax Reform? World’s 8th Largest Manufacturer &...
  47. 47. Confident in our Leaders? 55
  48. 48. Break Up & Float or Float & Break Up 56
  49. 49. UK PMI SERVICES SOURCE: 57
  50. 50. UK NEGATIVES Real Wage growth still negative SOURCE: 58
  51. 51. UNDERSTANDING our debt  Annual Family Income: £612  Money the family spent: £720  New debt on the Credit Card: £108  Outstanding Balance on that Card: £1,153  Total Budget cuts so far: £35
  52. 52. UK ISSUES  “Re-shoring” – Noodles  Cars more exports than domestic production  Steel • Blast furnaces • Top end Sheffield steel  10th largest exporter  Non EU exports now higher than EU
  53. 53. DAMAGED •NOT •DOOMED 61
  54. 54. GOVERNMENT DEFICIT UK ANNUAL GOVERNMENT BORROWING 2011 = £94 billion SOURCE: DATASTREAM
  55. 55. UK GROWING EMPLOYMENT 91.8% Full-time 200 150 100 50 0 -50 -100 -150 -200 -250 Part-time Total
  56. 56. UK HOUSEHOLD DEBT TO GDP SOURCE: MACROBOND 64
  57. 57. What That Means?  We each owe:  For each employed person  Interest per household: 2 taxes? VAT £98bn Income/NI £253bn £17,603 £38,736 £1,921
  58. 58. UK – DAMAGED NOT DOOMED!  A very British attitude! vs How others see us  Unemployment improving  Retail Sales  Housing – Deficit 11% to 8% 2011/12 – Corporate cash £750bn – Co. Confidence index 62.4 – 66.1 – Employment – Investment
  59. 59. DYNAMIC ACTIONS?    Tax modernisation – 14,000 pages Stamp Duty? 3/5 Year Start Up Holiday? – National insurance – Employment – Investment relief – Infrastructure Projects & Bonds – House building – Peer To Peer Lending Initiatives
  60. 60. THE LONG AND WINDING ROAD ...the Bank of England concurs: INFLATION LIKELY TO STAY LOW IN THE MID-TERM SOURCE: BANK OF ENGLAND 68
  61. 61. JAPAN Islands Dispute Trade Turnaround Debt 220%+ of GDP New Premier Abe - nomics Yen Weakness Nappy Sales
  62. 62. JAPAN REFLATION Japan Core inflation SOURCE;: REUTERS 70
  63. 63. BROKEN BRICS? China Change of Life Brazil Valuations? India flat Russia Rule of law? South Africa Political issues Turkey On the Cusp
  64. 64. THE NEW LEADERSHIP
  65. 65. A SOUTH CHINA SEA SORE
  66. 66. SLOWING GROWTH IN EM EM GDP GROWTH Has the West’s “Get Out of Jail Free” card finally vanished? SOURCE: IMF WORLD ECONOMIC OUTLOOK SEPTEMBER 2013
  67. 67. TAIL RISKS Renewed Eurozone panic Independence - Impact on gilts & Sterling US debt ceiling / default Japan debt crisis Major conflict Chinese credit November 13 “For the use of authorised intermediaries only. This document must not be distributed to retail clients.” 75
  68. 68. KEY RISKS TO THE VIEW EUROZONE PROGRESS? CHINA CHANGE of LIFE UK SULLEN GROWTH US DEBT, DEFICIT & DEMAND
  69. 69. YOU ARE NEEDED NOW
  70. 70. THANK YOU JUSTIN A URQUHART STEWART
  71. 71. Dr Nicola Millard Customer Experience Futurologist, BT
  72. 72. Paul McEldon NEN Chairman Closing the 2013 Conference
  73. 73. Thank you for your participation today – please join us for networking drinks!

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