The Blog of an Entrepreneur

Archive for March, 2010

Young Enterprise Awards are a Success

So there was I was, due to leave for the Northampton and Daventry Area Final for the Young Enterprise awards and I was probably as nervous as hell, because I felt I had a lot resting on them being a success.

Marion Gould meets The Saints

Marion Gould of YE meeting The Saints

One of the challenges we faced was that there has a been a big decline in the number of schools taking part in Young Enterprise, for reasons I think are misguided and wrong, but that’s a discussion for another post. We needed to drum up interest and excitement for the project, so I railroaded through the area board a few things that had to happen for this event.

Firstly I felt the venue needed to be exciting, so what could be more exciting for student that the home of the Northampton Saints rugby team, Franklins Gardens. More than that that, fellow board member was able to arrange for a couple of the Saints players to meet the students and chat with them, and about the students projects.

Historically the trophies had always been those tacky tin cups, I pushed the budget and insisted we use glass engraved trophies which are must more impressive for the students to look at and hold.

We needed a speaker who would engage with the students, someone who is not your normal business speaker, and for that another fellow board member arranged for Brad Burton to volunteer his time to entertain the students.

The Chief Executive of Young Enterprise East Midlands arrived to come and see what all the fuss was about, so nothing like a bit of extra pressure there.

At the last minute a judge had to pull out meaning I spent most of the night before doing last minute judging of the entrants, meaning someone else had to step into my role of MC’ing the event. It’s partly a shame that I spent almost the whole event in a back room and missed the rugby players, the newspaper reporter, the visitors, mingling with the guests, but do you know what .. the rest of our team from the area board did fantastic and this is a thank you to everyone who helped make our first awards night organised by us, the new Northampton & Daventry Area Board for Young Enterprise, a success.

In particular I’d like to thankĀ  Julia Watson, she runs an event organising company called W17 Limited and is on the area board. She pretty much pulled everything together using her skills of event organising.

Not forgetting everyone else on the day being;

  • Peter Douglas, runs a corporate finance company called Business Finance Services and is our treasurer and arranger of getting the Saints players to attend.
  • Julia Doherty, runs a recruitment company called Ethos Recruitment and our secretary, and for arranging Brad Burton to attend.
  • Chris Conway, fellow board member from Ford Motors who was running around looking after everyone on the night!
  • Richard Mawby, our youngest board member and ex-Young Enterprise student who looked after the students on the night.

…and I’d never forget the other two judges, Julian Winch from Snap-On Tools and Julie Furnival from Northamptonshire Enterprise.

Finally, this would not have happened at all without the financial support from our supporters on the night, who were;

We were also very lucky to have the support of some photography graduates from the University of Northampton who attended to photograph the event, which coupled with having a newspaper local reporter there, other cameras flashing and one of the YE student companies being a photography company we have lots of photo’s to upload!

If you would like to be involved in Young Enterprise, whether to help financial support projects such as the Company Program or to volunteer your time as a business mentor to students please get in touch!

Why Can’t BusinessLink Keep Good Advisers?

This is a question that has been on my mind for a while, but I’m not alone. It’s also a different question to ask because I know a few people who work for BusinessLink and as an organisation they provide a lot of very valuable services but they fail to follow one of the most fundamental rules they preach. They don’t just stick to what they are good at, they try and do everything!

Have you ever spent time looking through the BusinessLink website? If not, do so, it contains a huge wealth of information and resources that is great for any business of any size. Whether you have questions on employment, some statutory compliance issues, how to raise finance, you name it and if it is related to running a business you’re likely to find some help on their website.

What about grants and other funding options, if you are looking for matched funding for capital expenditure or staff training, BusinessLink should be the first place to look as they usually have their finger on the pulse of what money is being handed out to help business by the Government.
That’s it guys, you should stop there! Do yourselves a favour and stick to what you are good at. Providing practical business support in the workplace is not your strong point because as an organisation you simply do not provide an attractive enough proposition to attract and keep really good business advisors. The problem is that these really good ones are either already running their own successful businesses, or have setup their own consultancy firms providing business advice after either selling their successful business or putting a management structure in to keep a residual income.

This isn’t just my opinion I’m afraid to say, it’s a common perception and it is one that BusinessLink are aware of and have tried many times to resolve without success. A conversation with a senior manager asked me what I would suggest to recruit a better calibre of advisor and I couldn’t answer the question, because I couldn’t think of one good reason why a really successful Entrepreneur would want to become employed by an organisation that is pulled from left to right by changing Government policies and budgets, which has a bad reputation for offering out of date advice, when if the Entrepreneur wanted to become a business advisor they could run their own business doing it themselves and be in control of their own destiny.

@NigelAdams on Twitter was the first one to correctly respond to my own comment asking the question whether retired business people were out of touch with business today, and the answer is no they are not. Many are I’m afraid, because the business environment today is a million miles different from what it was 20 or so years ago. In my own working live I have seen the introduction of e-mail, Internet, mobile phones and now social network marketing. A conversation I had yesterday with a very successful Entrepreneur touched the subject of my own fear of falling out of date with current business trends as I get older, and business starts to move faster than I may be able to keep up with. However, as Nigel implies, its not the age of the person but their ability to keep up with what is happening in the world and adapting with it. After all, my Nan bless her, who is in her eighties, is more than happy to be doing her banking online, sending e-cards, using intant messaging and webcams, and even Facebook!

So where does this leave BusinessLink as an entity, and the hugely discussed topic of should it stay or going being discussed on many forums and heavily on the IoD group on LinkedIn. My opinion is that they should close it down as a separate entity and consolidate it’s offering more directly into the Regional Development Agencies, producing with it many cost savings as well and a more central place offering business advice. As an onsite business advice service it fails dismally because very few, if any at all, energetic, up-to-date and motivated business advisers will want to work for an organisation they have no control over and have their goal posts moved for no logical reason by a disconnect bureaucrat in Whitehall. Retired bank managers are used to this sort of management system and fit in with it nicely, but sadly have no real world experience of running their own businesses.

Here is some related topic’s I’ve found online about this too;

http://www.businesszone.co.uk/blogs/robertcraven/robert-craven039s-business-blog/business-link-should-it-stay-or-should-it-go

http://realbusiness.co.uk/finance_and_banking/the_axe_hangs_over_business_link

http://www.shell-livewire.org/forums/showthread.php?threadid=24450