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
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 ([email protected])• Tier 1 Entrepreneur Visa Status• Social Enterprise Challenge
0
10
20
30
40
50
60
70
80
SE 1 - 49 50 - 249 >250
Pe
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nta
ge
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
