Posts in the “Business planning” category

All eyes on Oculeve’s business plan

It’s official and ready to be announced…many congratulations to Oculeve for being nominated the winner of the annual Business Plan Competition that took place at the 13th Entrepreneurship Conference last week.

As one of the judges on the panel, Oculeve had my firm backing as a very worthy winner, providing novel medical device technology for treating moderate and severe dry eye disease which remains a largely untreatable condition that is impacting on the lives of millions across the world.

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Sitting in judgement

Last Friday saw London Business School's 13th Entrepreneurship Conference.  Rather notably, the event took place in the City at the Bloomberg centre rather than on the School's glorious Regents Park premises...all thanks to the Royal Wedding apparently which scuppered plans and campus room availability but made for a welcome change of scenery for over 200 people who joined the day's events.

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Graduate BIZ

Scotland Low in Graduate Start-Up Businesses

A recent report has revealed that fewer graduates kick off their own start-up businesses after graduation than is the case in other parts of the United Kingdom, with figures for England and Wales showing a higher number of graduate start-up business on a per capita basis.  One theory put forward is that levels of graduate debt are putting graduates off taking the risk of entering start-up businesses, especially given the wider financial situation in the United Kingdom and beyond.  A further suggestion from the National Union of Students in Scotland is reported to be a form of recognition for the efforts that some start-up businesses put into aiding the local communities in which they are based.

 

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Business-Investment-to-Drive-UK-Economy

Business Investment to Drive UK Economy

A chief economist at the Chamber of Commerce has been quoted as saying that he expects the economy of the United Kingdom to be strengthened by business investment over the medium term, in the next few years.  The expectation includes the hope that net exports will also play a part in driving the UK economy forward, by adding a positive net balance of trade to the bottom line of the country’s finances.  The comments come as forecasts are being repeated of only modest growth in the British economy overall in the years 2011 and 2012, with inflation expected to peak in 2011 and unemployment expected to peak in 2012.

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environmental-sustainability-450x450

Start-Up Businesses Urged To Consider Environmental Sustainability

At an event held in Romford, in the south-east of England, small and medium-sized businesses, including start-up businesses, have been encouraged to look more closely at maintaining environmentally sustainable practices in an effort to achieve overall economic growth.  The event was hosted by Lloyds TSB Commercial and served as a platform to present a survey that showed that although many businesses believe that sound environmental practices can lead to improved business opportunities, there are also significant numbers of businesses that feel that they are not doing enough to improve sustainability in environmental terms.

 

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Prizes for Start-Up Businesses in Cambridge Competition

Prizes for Start-Up Businesses in Cambridge Competition

The annual Discovering Start-ups competition run by Cambridge Wireless has announced that there are a number of high-profile contributors to the prizes on offer for those start-up businesses that are selected as winners.  Prize competitions are increasingly familiar to entrepreneurs, with a number of competitions being run annually around the United Kingdom and in other countries, such as the USA, in order to identify potentially successful start-up businesses.  The household-name companies that invest in some of the prizes also benefit from the exposure that the competitions give them and possibly gain business from actual and prospective winners of the competition.

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Banks Want Better Business Planning

Banks Want Better Business Planning

With the news that bank lending to small businesses in the United Kingdom in the first quarter of 2011 was lower than the target set by the British government, some comments have been made in the media suggesting that banks are looking for a better quality of business planning from prospective loan customers running small and start-up businesses.  There have been some suggestions that more comprehensive business planning by entrepreneurs, supported by quality advice from professionals, could be the key to a higher success rate in applications for bank finance.

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Learning Business With the Arts

Learning Business With the Arts

An arts programme recently published in South Africa goes some way to demonstrating how the arts and business may go hand in hand, and could even provide lessons in entrepreneurship for small and start-up businesses that are in fields other than the arts.  The Performing Arts Network of South Africa has outlined plans to focus on networking and building business relationships, with a view to building the entrepreneurial side of artists and performers in the region, and this will include input from people who have been involved in successful management projects in the field.

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£25,000 proof-of-market grant available

£25,000 proof-of-market grant available

Up to £25,000 of grant funding is available through the Technology Strategy Board (TSB) to provide support to small and medium-sized enterprises (SMEs) to engage in R&D projects from which successful new products, processes and services could emerge.

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Limited Spending Rise Predicted in 2011

Limited Spending Rise Predicted in 2011

According to reports in the media, the predicted growth in spending in the United Kingdom is likely to be less than 1% this year, 2011, and still less than 1.5% for the following year, 2012.  For small and start-up businesses, like others in the country, this means that the purse strings will still be tight, with a focus on reducing excessive spending, cutting waste, and finding the most efficient ways of using financial resources.  Several companies are using this situation to highlight the benefits of their own products, with one case being services for the low-cost delivery of parcels and packages.

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