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Category Archives: Entrepreneurship
“I can tell the House, we are also exploring the idea of enterprise loans.” 14 words that are light on detail but heavy on potential. These were the words that the Rt Hon George Osborne, Chancellor of the Exchequer used during his Budget address to the House of Commons on 21 March. He continued with “Young people get a loan to go to university or college. We now want to help them get a loan to start their own business.” And the Young Enterprise Loan Scheme is born, with a government commitment to run a pilot this year. The aim … Read More »
Everyone is looking for the key ingredient that will ensure their business is a success. With this in mind we asked the winners of the IoD Director of the Year Award UK Finals 2011 what they think the key to their success has been.
Recently we saw the launch of Big Venture Challenge, of which the IoD is a supporting partner, a fantastic new competition to find 25 of the nation’s most ambitious social entrepreneurs and give them the chance to fast-track their ventures to the next level. The initiative, run by UnLtd and supported by the Big Lottery Fund and the Millennium Awards Trust, is in three stages – offering 25 winning entrepreneurs £25,000, the best 10 £50,000 in matched funding, and a massive £100,000 to the very best two.
Entrepreneurial risk is different for every company; although, as a group, entrepreneurs tend to be risk-averse people because they work largely with their own money. However, as Simon Calver, CEO of LOVEFiLM pointed out at the Risking it all for Growth free seminar held with IBM on the 7 April 2011, risk is different online; the beauty of online is that you can switch something off if it’s not working.
Primary and secondary schools, businesses, local councils, students (young and old) all working together towards a more entrepreneurial and enterprising future? Wishful thinking? An idealistic/ utopian society? Or even, dare I say it, big society? Global Entrepreneurship Week stemmed from a project that Enterprise UK set up in 2004 and is now in over 100 countries around the world. It is movement that aims to inspire, educate and promote entrepreneurialism and enterprise. For one week every year businesses, schools, entrepreneurs and students come together to learn from one another and help shape a more enterprising future. Well that is the … Read More »
It seems fitting that as it is the start of Global Entrepreneur Week today to share with you the latest news from the G20 Young Entrepreneurs Alliance that was hosted in South Korea on the 7 – 9 November. The G20 Young Entrepreneurs’ Alliance is a global network of young entrepreneurs and the organisations that support them. It has been established to convene each year in advance of the G20 Summit with the aim of championing the importance of young entrepreneurs to the G20 member nations and to share our own examples and practices. The Alliance was set up with … Read More »