Small Business Development Busi 1151

Week 2 Tutorial Innovative approaches for small businesses

Mia L. Abouri Based at the Centre of Innovation, Imagination and Inspiration

mia.greenwich@gmail.com

What is

Innovation

What is

Entrepreneurship

Discussion

• Sams background• What made the brothers take the step to start

a business?• What market research was undertaken? • What is innovative about Green & Blacks?• Value created in this business?

Starting small and staying steady

Expansionof

What I want?I want you to be interactive, I want you to be confident ( with each other to start with then we can work on extending later,

What you want? Tell us a little bit about you!

Assessment …

• Group presentations (not formally assessed) but compulsory (December 2013)

• Group Business Plan (40%) • Individual Reflective Report (30%)• Case Study in exam conditions (30%)

• BUT: learning / employability is MUCH more than a mark on a grid!!!! The mark should be a RESULTANT as opposed to a DRIVER!

Assessment …

Greenwich Business Planning Competition

• www.gbpc.biz• Mia Abouri (bpc@gre.ac.uk)• Tier 1 Entrepreneur Visa Status• Social Enterprise Challenge

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SE 1 - 49 50 - 249 >250

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Business Structure: Measures of Scale

Registrations Turnover Employment

Latest figures show nearly 4.7m businesses in the UK: Less than 7,000 employ > 250 people; only 34,000 employ 50 – 249 people.Therefore, almost all businesses employ < 50 people

Do we recognise our own economy?!

It all starts with an idea ….

• A good idea …– is different– is needed– is feasible– adds value

• It can be a product, service or process– or a combination

Thank You