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Exeter University GEW Event
Monday 12th November 2012
Agenda


• About me

• Business West

• Starting a Business Check List

• Ready for Business Programme

• Next Steps

• Any Questions
About Me
About me


• 20 years in the hotel &
  events industry
   – Director of Sales at a
     Heathrow Hotel
   – Set up a National Sales
     Centre for “Jockey Club
     Racecourses”
   – Ran my own consultancy
     business and event
     management company
• Over 2 years working at
  Business West
Business West
Business West is the 4th largest Chamber of Commerce in
England, employing over 180 staff with an annual turnover of
       £20m and delivering over 30 business services.
    We represent and work with over 16,000 businesses.
For more information on our services visit our website
              www.businesswest.co.uk
Starting a
Business
Check List
Starting a Business



 What kind of Business should I start?

 How do I research my Business Idea?

 Writing a Business Plan

 How can I finance my Business?

 Prepare – Business Training, Skills & Support

 Getting the right people on board

 Naming my Business
Starting a Business



 Registering my Business

 Setting up Shop

 Marketing – website & social media

 Getting Suppliers and Distributors on board

 Get the nitty-gritty right

 Almost ready to start selling

 Start selling
3 Key Areas
Business Plan

01   Keep it simple, clear and concise
     include Marketing objectives and
     financial forecasts (including
     cashflow)


     Finance

02   Get your finances in place from the
     start, as lending bodies will want to
     share the risk!


     Action

03   Get on and do… don‟t over plan
     or complicate, learn as you do
     (make money as you learn!)
Ready for
Business
Programme
•Individuals at threat of redundancy
•Under 24’s (Graduates)
Why are we doing this?
Why are we doing this?


  More people than ever want to start a business
  9.8% of working age adults in UK expect to start a
  business within the next 3 years.

  More people are having to consider business
  start-up
  due to changes in life and work – „necessity-based
  start-up‟ doubled between 2010 and 2011.

  But getting access to finance is a real blocker
  – it is frequently cited as by far the biggest barrier to
  people starting a business.

  And fear of failure is still strong:
  41.4% of people who spot an opportunity say fear
  holds them back.
  Source: Global Entrepreneurship Monitor, United Kingdom 2011 Monitoring Report
Why might this
matter to you?
Why might this matter to you?



  Around half of all this years graduates will
  struggle to find full-time jobs
  If current employment trends continue

  Entrepreneurship & Innovation
  Could you be the next Steve Jobs or Alan Sugar? Utilise
  the support organisations to make this a reality.

  Ready for Business are start-up specialists, and
  we can help for FREE!
  Our workshops help you to understand if your idea can
  become a commercial venture.
How does it work ?
3 ways to get started
01   Attend a workshop
     Tuesday 13th November 2012
     Tuesday 11th December 2012


     10.00am – 4.00pm
     Barclays Bank, 3 Bedford Street. Exeter
     Cost: Free of charge
02   Speak to one of our
     Advisors
     We are happy to discuss your business
     idea and signpost you to relevant
     support partners.


     (all conversations will be confidential)
03   Support in getting
     Funding
     We are working with the Start-up Loan
     Scheme (support for under 24‟s)


     We can help you get a loan to start your
     business
Main benefits
01   Free to start and no
     obligation to continue




02   National movement, with
     networking opportunities




03   Improved chances of getting
     bank funding to start up
04   Personal, tailored support
     through first year of business to
     improve chances of success




05   Fast-Track to further business
     support programmes like Starting
     a High Growth Business and
     UK Trade & Investments
     Passport to Export




06   A FREE years membership of
     Business West – tapping you
     into our network of members
What next
Contact the team



  Book yourself onto a FREE Workshop
  See if self-employment is for you


  Get advice
  Speak to one of our advisors and see what steps are
  best for you


  Seeking Funding?
  We can evaluate your position and get you access to
  banks and programmes available to you
Tara Gillam
Project Manager – South West Delivery

T. 01275 376 233
E. readyforbusiness@businesswest.co.uk
W. www.businesswest.co.uk/readyfor business
   www.startupedge.co.uk

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Ready for Business Presentation to the University of Exeter

  • 1. Exeter University GEW Event Monday 12th November 2012
  • 2. Agenda • About me • Business West • Starting a Business Check List • Ready for Business Programme • Next Steps • Any Questions
  • 4. About me • 20 years in the hotel & events industry – Director of Sales at a Heathrow Hotel – Set up a National Sales Centre for “Jockey Club Racecourses” – Ran my own consultancy business and event management company • Over 2 years working at Business West
  • 6. Business West is the 4th largest Chamber of Commerce in England, employing over 180 staff with an annual turnover of £20m and delivering over 30 business services. We represent and work with over 16,000 businesses.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. For more information on our services visit our website www.businesswest.co.uk
  • 14. Starting a Business What kind of Business should I start? How do I research my Business Idea? Writing a Business Plan How can I finance my Business? Prepare – Business Training, Skills & Support Getting the right people on board Naming my Business
  • 15. Starting a Business Registering my Business Setting up Shop Marketing – website & social media Getting Suppliers and Distributors on board Get the nitty-gritty right Almost ready to start selling Start selling
  • 17. Business Plan 01 Keep it simple, clear and concise include Marketing objectives and financial forecasts (including cashflow) Finance 02 Get your finances in place from the start, as lending bodies will want to share the risk! Action 03 Get on and do… don‟t over plan or complicate, learn as you do (make money as you learn!)
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  • 22. •Individuals at threat of redundancy •Under 24’s (Graduates)
  • 23. Why are we doing this?
  • 24. Why are we doing this? More people than ever want to start a business 9.8% of working age adults in UK expect to start a business within the next 3 years. More people are having to consider business start-up due to changes in life and work – „necessity-based start-up‟ doubled between 2010 and 2011. But getting access to finance is a real blocker – it is frequently cited as by far the biggest barrier to people starting a business. And fear of failure is still strong: 41.4% of people who spot an opportunity say fear holds them back. Source: Global Entrepreneurship Monitor, United Kingdom 2011 Monitoring Report
  • 26. Why might this matter to you? Around half of all this years graduates will struggle to find full-time jobs If current employment trends continue Entrepreneurship & Innovation Could you be the next Steve Jobs or Alan Sugar? Utilise the support organisations to make this a reality. Ready for Business are start-up specialists, and we can help for FREE! Our workshops help you to understand if your idea can become a commercial venture.
  • 27. How does it work ?
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  • 34. 3 ways to get started
  • 35. 01 Attend a workshop Tuesday 13th November 2012 Tuesday 11th December 2012 10.00am – 4.00pm Barclays Bank, 3 Bedford Street. Exeter Cost: Free of charge
  • 36. 02 Speak to one of our Advisors We are happy to discuss your business idea and signpost you to relevant support partners. (all conversations will be confidential)
  • 37. 03 Support in getting Funding We are working with the Start-up Loan Scheme (support for under 24‟s) We can help you get a loan to start your business
  • 39. 01 Free to start and no obligation to continue 02 National movement, with networking opportunities 03 Improved chances of getting bank funding to start up
  • 40. 04 Personal, tailored support through first year of business to improve chances of success 05 Fast-Track to further business support programmes like Starting a High Growth Business and UK Trade & Investments Passport to Export 06 A FREE years membership of Business West – tapping you into our network of members
  • 42. Contact the team Book yourself onto a FREE Workshop See if self-employment is for you Get advice Speak to one of our advisors and see what steps are best for you Seeking Funding? We can evaluate your position and get you access to banks and programmes available to you
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  • 44. Tara Gillam Project Manager – South West Delivery T. 01275 376 233 E. readyforbusiness@businesswest.co.uk W. www.businesswest.co.uk/readyfor business www.startupedge.co.uk