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2 Enterprise Day 27022016 BermondseyNiamh Goggin, Social Investment and Local Economy Advisor, Big Local Tel Web
3 What is Enterprise? Why It Matters Supporting Sustainable Enterprises in our Communities
4 What is Enterprise? Being enterprising and entrepreneurial involves spotting an unexploited opportunity and making the most of it: identifying a gap in the market and filling it. People, communities and organisations can be enterprising and it's not all about getting rich quick. Enterprise and entrepreneurial skills are effectively a combination of other competencies, including: Commercial Awareness Creative and Innovative Thinking Problem Solving Prioritisation and Time Management Communication, Persuasion and Negotiation Skills
5 https://www.unforgettable.org/ Unforgettable aims to improve the lives of all those affected by dementia and memory loss. More than 850,000 people in the UK have dementia with 225,000 diagnosed each year. In the over-60s Alzheimer’s is now a bigger concern than cancer and 40% of us either care for or know someone with dementia. Living with dementia can seem overwhelming and hopeless as founder of Unforgettable, James Ashwell, discovered when he and his siblings cared for their mother for seven years, having given up his career. Knowing how lonely and challenging the dementia journey can be, James’s vision is Unforgettable; a source of practical advice, specialised products and a supportive community all in one safe place for carers who are really struggling. https://www.unforgettable.org/
6 Bromley by Bow Centre The Bromley by Bow Centre has always been about 'people before structures'. For 30 years this approach has successfully empowered thousands of people to live healthy fulfilled lives. We believe that if people are healthy, happy and well their communities will be too. As one of the country's very first healthy living centres, along with a GP surgery, we offer our community a wide range of health services that meet their needs. We provide a bespoke health and holistic provision that exceeds local and national targets. Every year we support hundreds of people to develop skills that enable them to reach their potential. We offer a diverse range of educational and learning courses including English for Speakers of Other Languages (ESOL), numeracy and literacy courses and access to family learning. Our vocational learning delivers a wide range of courses to NVQ level. Our highly admired employment services offer various bespoke programmes so that local people can make informed choices about work and find good, rewarding jobs. The work of the Centre enriches the lives of our whole community and brings individual people together to discover new and exciting opportunities for themselves and their families. – See more at:
7 Dalgarno Enterprise HubFrom a no-go area of drug dealing and drive-by shootings, the Dalgarno Trust in West London has transformed its premises into a sparkling new enterprise hub, with a cafe, gym, youth club and space for local start-up businesses. Dalgarno Trust began in 2004 with minimal funding in an area of high community conflict. The building in which they are currently housed had become almost a ‘no-go’ area, with drug dealing and intimidation happening on site. When the trust first began their work, there were even a couple of drive-by shootings that injured two young people and shattered the windows o the building. Hard to imagine when you arrive today in a brightly refurbished, open, light space that houses equally bright and enthusiastic staff and members of the community. - See more at:
8 St Helen’s School, Northwood, North LondonNorthwood students win Citi Remarkable Service Award at European Final Student-run Young Enterprise company Orenda won the ‘Citi Remarkable Customer Service Award’ at the 26th annual Company of the Year Competition (COYC) between 28 – 31 July. The students, from St Helen’s School in North London, impressed the Citi Signature Award jury with their strong attention to the customer experience. Orenda created vibrant and practical Sip ‘O’ Snack water bottles with a multi-purpose compartment, enabling you to “enjoy your favourite drink whilst munching on a tasty snack”. Having recently been named Company of the Year at the Young Enterprise UK Final, supported by HSBC, the St Helen’s team joined over 200 COYC students in Berlin, Germany to celebrate the best mini-enterprises from across Europe. 37 student-teams from 36 countries competed as part of JA Europe’s flagship Company programme, which gives them an opportunity to set up and run a real business with the support of business mentors.
9 Why It Matters Economic Benefits Bottom up rather than top downStubbornness and independence
10 Economic Benefits Local products and services Circulating moneyLocal employment Skills and Experience Resilience & sustainability Second generation entrepreneurs Making sure the local community has access to the products and services they want and need: Cafe Post Office Pharmacy Corner Shop Local businesses are much better at circulating money within the local economy, rather than seeing it leak out. For example, when Norfolk District Council contracted with a local builder, they found that each spend of £1 generated an extra £1.15 for the local economy, compared to only 23p when the builder came from outside the area. Most UK businesses today are small. Two thirds are owned and run by one person. Nearly 90% employ fewer than 6 people. They are also an important source of employment. Just over 2.5 million UK workers are self employed; one in eight of all workers. It is from these small companies that tomorrow's big names will probably arise. We've seen the skills and experiences that entrepreneurs have: Those skills don't just work for business, they work for communities as well. commercial awareness creative and innovative thinking prioritisation and time management problem solving communication, negotiation and persuasiveness skills In the modern world people can no longer expect large enterprises to guarantee them jobs for life. Individuals are increasingly expected to seek out their own opportunities, actively create value and behave ethically, rather than faithfully follow rules and routines set by others. In particular, today's young people need to learn to be enterprising, both when working for others and when setting up their own businesses. Being enterprising involves taking responsibility for decision making, becoming increasingly self reliant, pioneering, adventurous, daring, dynamic, progressive, opportunist, ambitious and holding your values, as well as being able to initiate ideas and see them through into action. My experience is that the children of parents who ran their own businesses often go into business themselves, but in a different way from their parents. They are more likely to have a university degree - their parents wanted them to better themselves. They combine the hands-on experience of running a small business with academic knowledge and analysis.
11 Bottom up rather than top downNo government masterplan, No local council agenda, This is local people doing for themselves A bit like Big Local, really!
12 Stubbornness and independenceI've worked with entrepreneurs for years and they can be very difficult to work with, rather than work for. They are often stubborn, determined, know their own minds, are convinced that they are always right and very independent minded. Just what we need!