BEN Networking - Entrepreneurship June 2012


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SLides from the Science City Bristol BEN Event on Entrepreneurship

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BEN Networking - Entrepreneurship June 2012

  1. 1. BEN Networking:EntrepreneurshipBristol & Bath Science Park,14rd June2012, 6-9pm      
  2. 2. Practicalities phones emergency exits
  3. 3. Keep in touch!
  4. 4. Upcoming BEN Networking Events Theme When Where WhatNew Markets 12th July  Bristol & Bath  • Exploring the opportunities for  2012 Science Park tech exportsAbroad 6-9pm • How to access foreign markets • What channel should you use? • Joint with UKTISummer Social 16th August  TBA • Any ideas? 2012Technology 6th  Bristol & Bath  • Leading edge technologies September  Science Park • Measurement – LIMAUpdate – 2012Future 6-9pmManufacturingVenturefest Wednesday  UWE  • Keynote speakers 7  November  Conference  th • WorkshopsBristol 2012 Centre • Innovation showcase2012 All day • Pitching panel
  5. 5. Tech Startup School 2012Making it Happen Wednesday 27th June 2012•Everyone welcome – just book a place•Support for tech entrepreneurs – where to find it•Case study – ‘from startup to successful business’•Pitching competition from TSS delegates•Pitching competition from professional services•Networking, food and drink•All for £12.50!! (or £15 if you are in professional services)
  6. 6. Entrepreneurship
  7. 7. This Evening’s Programme6:45-8:15 Speakers Introduction Alastair Watson BEN Greville Commins Varoom Pam Seanor Bristol Business  School Tom Wood Goode  Communications8:15-8:30 Q&A Discussion8:30-9:00 Networking
  8. 8. Entrepreneurship June 2012
  9. 9. Practical observations of  Entrepreneurs Greville Commins Bristol & Bath Science Park Twitter: @mentorgrev Blog:
  10. 10. SETsquared is a collaboration between  Bristol, Bath, Surrey, Southampton & Exeter  universities • SETsquared focuses on  – accelerating high-tech, high growth start-ups,  – helping grow businesses in a safe environment – providing support via mentoring, workshops, clinics,  business review panels and networking events • Usually an event in SETsquared every week. – However our support is bespoke to each venture as  they need differing levels of support through out their  lives.
  11. 11. SETsquared Bristol Centre Success – 2007+ 130 companies in 4 years No venture has gone bust!
  12. 12. SETsquared Bristol - today• hosts over 55 companies  – from a wide range of technology sectors,  – at different stages of development – employing nearly 500 people.• We have helped companies  – Build business proposition & strategy – Develop founder skills – Plan for growth, bring in new talent,  • build boards recruit NEDs, CEOs, FDs, Chairs,  – Help raise £56M of equity and grants in 4 years
  13. 13. Practical observations of  Entrepreneurs
  14. 14. Practical observations of Entrepreneurs• When Alastair asked me to speak on practical Entrepreneurship – Thought long and hard – Spoken to and helped a large number of entrepreneurs (>100) over 10 years.• Thought would be interesting to bring all these observations together
  15. 15. Practical observations of Entrepreneurs• Some observations from dealings with >100 of Entrepreneurs – No single ideal model for an effective entrepreneur – No cast iron factors in determining success – People are different and entrepreneurial opportunities happen at different points and in different ways • Surprisingly Entrepreneurship is not a young game
  16. 16. Key qualities – you need some of these• Passion, Belief, (self and in proposition)• Confidence, guts• Independence, willing to be different• Strong character, driven to succeed, Focus• Innovative, creative, problem solving• Risk taking, for right reward• Impatient, bias towards quick action• Commitment 
  17. 17. If everything seems under  control, you’re just not  going fast enough.  Mario Andretti
  18. 18. Success factors – noticed along the way• Awareness of challenges (internal self & external)• Rape, pillage but NOT burn• Focus on customer shoes• Willingness to take advice & learn from others• Good communicator – not just good talker, but listener• Interpersonal & Networking skills• Stick to the strategy, but change when it’s really needed
  19. 19. However beautiful the strategy, you should occasionally look at  the results Sir Winston Churchill 1874-1965.
  20. 20. Failure modes• Go it alone - Must do it all themselves• Fear of failure/judgement• Avoidance – retreat mode• Non listening mode – Yeah Yeah...• Hiding issues – non disclosure (+hiding from yourself)• Blame mode – always someone else’s fault!• Flogging a dead horse mode
  21. 21. Insanity: doing the same thing over and over again expecting different  results.  Albert Einstein
  22. 22. Grev’s tips• You don’t need all the personal entrepreneurial  factors to succeed• Get help – a lot of free support around – Listen &  learn• Build a virtual team – with people you trust• Customer is King – get to know them• Finally keep the balance right
  23. 23. If you think life’s a bitch....try becoming an Entrepreneur Greville Commins June 2012
  24. 24. • Finance• Premises? • People  – Employees – Mentors – Board of Directors?• Information, knowledge, research• Support environment
  25. 25. What does being anentrepreneur mean to you? Dr Pam Seanor
  26. 26. what makes an entrepreneur? Google search: 41,600,000 results following 5-minute video Peter Jones Story Dragon’s Den
  27. 27. what makes an entrepreneur? three questions: 1] when he drives off in the car  leaving behind the person holding the camera,  what does this tell us about him entrepreneurially? 2] if he had been born into a wealthy family, would  he have been driven? 3] how do we look at the individual in this?
  28. 28. bringing academia to life with limited resources should we invest in  certain types of individuals?
  29. 29. reality of theorizing entrepreneurship traits ‘inconclusive’  how we understand  the field of entrepreneurship and  the nature of entrepreneurs  is within the narrow bounds of research interests Gartner 2010
  30. 30. current thinking of an entrepreneur not a trait but  a narrative and visible performance  that people learn to produce  based upon the situations  they find themselves in Steyaert & Hjorth 2003
  31. 31. value of practitioner views & experiences many insights into the process ofentrepreneurship that can be gained by listening to what entrepreneurs say about their efforts Chell 2007, Dey 201, Gartner 2010, Steyaert &Hjorth, 2006 & Sarasvathy 2003,2004 the trick being: changing mindsets not everyone wants to try out new things
  32. 32. problematizing: there is no 1 type  entrepreneurs do not exist one cannot be an entrepreneur everyone is an entrepreneur public services, health, charities, third sector, universities in one way or another – more or less  performing entrepreneurially shifting roles: talk, write, graphics, video, digital communications
  33. 33. research: identities of social entrepreneurs identified more with the sector they worked in: Artists and Arts organisations mobile phone games developers care providers, media - recording studios car clubs, environmental - recycling street dance/drama but  also had to shift identities to what it means to ‘be an entrepreneur’
  34. 34. how to maintain multiple identities[and ways of working] create conversations – images – ways of working within organisations – making sense of changes partnerships – build and nurture relations with others wider marketing – successful in their projects funders - offer contract interactions with clients
  35. 35. the way forward? directions and challenges of future research and teaching looking at & challenging assumptions  affects questions we dare to ask conservatism in some activities  policy-makers, business incubators, think-tanks, academics, students  what might the way forward look like?
  36. 36. welcome your views e: