Record Levels of Entrepreneurship in English Universities

A survey of enterprise and entrepreneurship in English universities has been published by the National Council for Graduate Entrepreneurship (NCGE). With a 92% response rate the survey of 126 institutions represents 1.8million students. The results are compared with those from the last survey which was carried out in 2007. This bi-annual survey by NCGE shows that since 2007: Higher Education Institutions (HEIs) have become more enterprising with most institutions now committed to it through their mission statements The student engagement rate in enterprise and entrepreneurship has risen by nearly 50% The level of start-ups has increased to an average of 28 per HEI, representing an increase of 27% These results were achieved despite the fact that there was no additional public funding for t... »

Choose Spouse as Business Partner of Choice

Choose Spouse as Business Partner of Choice

Would-be entrepreneurs would prefer to go into business with their spouse rather than another family member, research from insurance firm More Th>n has found. A survey of 1,200 adults by More Th>n found that 50 per cent would choose to team up with their spouse or partner when starting a new business. This was well ahead of parents, who were seen as a dependable the best business partner option by just 17 per cent, friends (10 per cent) or children (seven per cent). “Successful business partnerships often rely upon the different skills and personalities that spouses can offer,” said Warwick Business School’s professor of enterprise, and author of the report, Stephen Roper. “In love, opposites attract, and the same is probably true for business partnerships. &l... »

James Caan

Fast Growth Business Awards

Pioneering and creative businesses are being invited to enter the Fast Growth Business Awards, which recognise and reward companies that demonstrate significant growth and entrepreneurial flair. To enter, companies must be UK–based, have been trading for at least two years, and employ fewer than 500 employees. The cost of entry is £35 plus VAT. There are fourteen award categories businesses can apply for, including ‘best green business’, ‘innovative business of the year’ and ‘online business of the year’. One outstanding entry will be crowned ‘overall winner’ by a panel of judges that includes entrepreneur James Caan, from the BBC’s Dragons’ Den. Winners will benefit from wide–ranging media coverage and the use o... »


Entrepreneurs pitch for Development Grant

Budding entrepreneurs and business owners looking to expand their firm have been invited to pitch for a £10,000 grant from BT. Judges allocating the funding will be looking for someone with an innovative business idea, who can also demonstrate the qualities needed to succeed as an entrepreneur. Established businesses looking for a cash boost to launch a new product or service or expand into a new market, can also apply for the funding. BT Business managing director Bill Murphy said: “Initiatives such as Small Business Week show us that there is so much entrepreneurial talent out there — we want to help one of our future success stories get off to a great start,” To be in with a chance of winning, entrepreneurs need to submit a written explanation of the plans for th... »

Small Business Week 2008

Small Business Week 2008 ready to Launch

Free advice clinics, web seminars, podcasts and roundtable discussions about current business issues are among the dozens of items on the agenda for Small Business Week from 13 to 17 October. The annual event, intended to raise the profile of the UK’s 4.6 million small businesses, will be launched at the BT Tower on Monday 13 October with the release of a new report, The State of the Small Business Nation, and a speech by Dragon’s Den entrepreneur Peter Jones. Following this will be five days of events for small business–owners, presented by experts from businesses, business support organisations and industry and advisory bodies. These will include a breakfast briefing in Birmingham by Everywoman, the Business South West 2008 show in Exeter, a local business seminar in Du... »

Entrepreneurs start again after Business Failure

Almost nine out of ten British business owners would set up a new venture of their current business failed – in spite of the economic climate. A Barclays Local Business poll of 503 business owners revealed that 87% said they would be keen to start another business should their existing enterprise go under. The poll revealed that the majority would also only wait an average of only four months before getting started with their new venture. Recent research from credit ratings firm Equifax found that the number of UK businesses going bust increased by nearly a third (29%) in July, compared with the same month last year. Barclays Local Business marketing director John Davis said: “The UK’s small business owners are operating in more difficult conditions at the moment and, unf... »

Growing Business Awards

Last Chance for ‘Business Oscars’

Small businesses have until 19th September to enter the Growing Business Awards, dubbed by Gordon Brown as “the business equivalent of the Oscars”. Organised by the Confederation of British Industry (CBI), the awards have been running for ten years and recognise small businesses which have achieved outstanding success. To qualify, businesses must employ fewer than 500 people, be independently owned and based in the UK. Applicants are required to submit a 1,000–word explanation of why they should win the award, alongside three sets of audited accounts and financial projections for the next year. This year there are two new award categories: the Social Enterprise Award, which recognises the individual or organisation that has made the most significant contribution to social... »

Baby to Business Man

Firstborn more likely to start Business

People starting their own business are more likely to have been born the first child in a family and have at least one sibling, according to research by Alliance & Leicester (A&L). The A&L survey of more than 800 small–business owners revealed that entrepreneurs’ childhood experiences can play an important part in the skills they develop. The research found 60% of business owners are the eldest child in their family (which may have given them the confidence needed to strike out on their own), while 85% have had the chance to develop leadership skills because they grew up with younger brothers or sisters. Steve Jennings, A&L director of business banking said: “The research shows that some types of people are more likely to take the leap into business than... »

Disabled Entrepreneurs Offered Chance to Win £50k Award

Entrepreneurs who have achieved business success despite having a disability could win £50,000 worth of investment, following the launch of an annual competition sponsored by Easygroup founder Stelios Haji-Ioannou. The Stelios Disabled Entrepreneur Award, organised by charity Leonard Cheshire Disability, is open to anyone who has a recognised disability, owns at least 25 per cent of their business, has been trading for between two and five years, and has an annual turnover of more than £10,000. Entrants need to be able to demonstrate how the prize money would make a significant difference to their business. For example, the cash prize might enable the winner to buy new equipment that would double the firm’s production capacity, or fund new recruits so the business could expand ... »

A Third of Brits Want to be Boss

35% percent of UK workers aspire to being their own boss. Research from Business Link indicates that more than a third of British workers interviewed have considered starting up their own small business and 20% of them plan to make their plans reallity with the next year. Key among reasons for setting up on their own was the work-life balance with many workers believing they can better manage their family, domestic and business roles if they are working from home. Other factors for wanting to run their own business range from wanting to make more money (37%) to a simple lack of job satisfaction (15%) As many as 25% of the budding entrepreneurs said they wished to turn their home hobbies into valid commercial enterprises. Other figures show that nearly as many women as men are keen to take ... »

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