04.10.11 - driving your business forward - exeter
DESCRIPTION
Workshop to give an overview of programmes available from Enterprise Europe Network, UKTI, Solutions for Business. THese programmes are all supported by UK and European Funding and available to SME's in the South West Region.TRANSCRIPT
Driving your Business forwardthrough Innovation, Growth and Internationalisation
ExeterTuesday 4th October 2011
Andy BatesBusiness WestInnovation and Growth Manager
Welcome
Agenda
09.00am Registration and Coffee
9.30am Welcome from Business West Andy Bates, Business West
9.45am Setting the Scene Dan Storey, GMYB
10.15am Workshop 1 – Finance Mike Stutter, Business West
10.45am Refreshment Break
11.00am Workshop 2 – UKTI Chris Knight, UKTI
11.30am Workshop 3 – EEN Tara Gillam, Business West - EEN
12.00pm Workshop 4 – Solutions for Business Neil Higginson, Business West – High Growth
12.30pm Workshop 5 – Marketing Dan Storey, GMYB
1.00pm Close
1.15pm Lunch and Networking
Associated
The InitiativeBristol, Bath, Swindon & Wiltshire
Chambers Of CommerceBristol, Bath, Gloucestershire
Associated Chambers of Commerce
CommercialLeigh Court Events, Acorn Interactive, Ignite IP, Workspace, Recognising
Excellence, UK Professional Services, Mediation in Business, Training, International Trade Services
Public Sector Contracts Enterprise Europe Network, UK Trade & Investment, Solutions for Business (Coaching for High Growth, Understanding Finance for
Business, Starting a High Growth Business), Improving your Resource Efficiency
What does Business West do?
• Big changes in delivery public funded business support
• Information accessed via websites and call centres
• Increase in business services delivered by private sector – contribution from company
Aim of the day
• Still a fantastic range of business support available
• Engage with Business West / Chambers of Commerce
• Time precious – Feedback so important
Aim of the day
Dan StoreyGuerrilla Marketing your Business
Setting the Scene for the DayMindset of a Business Leader
“How to achieve your goals and create winning teams!”
Mindset of a Business LeaderHow to achieve goals
and create winning teams
Dan Storey
Over the next 30 minutes…
• Examples of great leaders• Results Formula• 3 C’s of Success• Goal setting• Traits of successful people
Who am I?
• Marketer & Marketing Trainer• Mindset/NLP Trainer• Sales Trainer• “Athlete” /
”Sportsperson”
Examples of Great Leaders
What do these great leadershave in common?
Examples of Great Leaders
Examples of Great Leaders
Examples of Great Leaders
Examples of Great Leaders
Examples of Great Leaders
Examples of Great Leaders
Examples of Great Leaders
• All great leaders have a vision
• As business leaders, we need to develop our own vision and break that down into goals
Results=
Focus+
Beliefs+
Actions
What do you see?
What do you see?
Focus
You will see different opportunities depending on your mindset
and what you chose to focus on.
Must learn to control your focus & that of your employees
Focus
• Business Plan?
• Company Mission Statement?
• Incentive/Bonus structure?
• Corporate Values?
Beliefs
What did you see in the morning?
•Crumbs by the fireplace?•Crumbs in your dad’s beard?
Beliefs
• You see the things that fit in with your beliefs
• “Whether You Believe You Can, Or You Can't, You Are Right” – Henry Ford
• “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark” - Michaelangelo
Beliefs
• 2 ways to install new beliefs
1 – Intensity
2 – Repetition
Action
• “You can map out a fight plan or a life plan. But when the action starts, you’re down to your reflexes. That’s where your roadwork shows. If you cheated on that in the dark of the morning, you’re getting found out now under the bright lights” - Joe Frazier
Action
3 C’s of Success
• Clarity– Clear image of your goals– Specific on exactly what you want
• Commitment– What do you need to start doing?– What do you need to stop doing?
• Communication– Who do you need to communicate to?
Exercise
• Write down 3 major goals for either your business or yourself
• Decide on 5 actions that you need to help get this goal started
• Think of 1 person you need to have on your team who can help make this happen
5 Traits of Successful People
• Mindset• Education/Ideas• Networking• Extra Mile• Action Takers
Enjoy the rest of the event…
Mike StutterBusiness WestHigh Growth Coach – Finance Specialist
Introduction to Business Finance
Understanding Finance for Business (UFFB)
Business Finance Options
Presenter
Mike Stutter
Business Finance Coach
Business West
Agenda Current Landscape
Finance Drivers & Options (Debt)
Equity Finance
Business Planning
Client Engagement
Business Challenges
Economic recovery – do we or don’t we? Business as usual or opportunity = RISK Right people/skills? Available resources/funding? Banks – “Open for Business” ???
Business Evolution & Funding
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Funding Drivers
CAPEX – Premises/Equipment/Staff/R&D
Working Capital – Internal/External
Stock/WIP/Debtors/Creditors
Acquisition/Merger
Banks
Risk Averse Overdrafts & Loans Ability to Repay = Serviceability Financial Viability (Ratios) Security Track Record
Capital Expenditure
Premises (Commercial Mortgage)
Equipment or Vehicles
Security = Asset BUT
HP or Lease
Working Capital
Overdraft
Factoring OR Confidential Invoice Discounting
Stock Finance
Trade Finance
Enterprise Finance Guarantee (EFG)
Replaces SFLGS Accredited Lenders Min £1k Max £1m Refinance of existing debt Government Guarantee 75% on debt 2% premium Personal Security
Regional & Other Schemes
R&D Grant – TSB
EU Grants – EEN
SW Loan Fund
Enterprise Development Funds
Equity Sources
Investment for shares in a Limited Company
Dragons Den! Flotation/IPO Venture Capital/Private Equity Angel Investors (e.g SWAIN) Crowd Funding Friends, Family, Staff
Equity Statistics
Most equity invested in mature larger companies
6% of private equity into start up & early stage companies
5% average success rate with angel investors Expensive money – ROI 35%+ 6 months average lead time
Characteristics of Equity
Risk Capital Ownership dilution No interest cost but high returns required No Security No repayment until maturity Potential skills of investor Leverage for debt
Balanced Growth
ERDF High Growth Programme
CONTACT
www.growthsouthwest.co.uk
01275 370760
Chris KnightUK Trade & InvestmentInternational Trade Advisor
Growth Markets OverseasUK Trade & Investment
51
EXPORT SUPPORT SERVICES
Chris KnightInternational Trade Adviser
52
UKTI SERVICES
Overseas Market Introduction Service
Passport to Export Gateway to Global Growth Tradeshow Access Programme Market Visit Support grants Export Marketing Research Scheme Export Communications Review
53
OVERSEAS MARKETINTRODUCTION SERVICE (OMIS)
Enables UK companies to buy unique, subsidised services and expertise from UKTI staff in British Embassies & Consulates overseas
Services tailored to your specific requirements
Eligibility for Market Visit Support grant
54
OVERSEAS MARKETINTRODUCTION SERVICE (OMIS)
Identification of potential distributors / agents/ partners
Provision of market information against specific client brief
Appointment arranging / interpreter / general help in market
Use of Embassy / Consular premises for meetings, product launches etc
55
PASSPORT TO EXPORT
12 month Strategic Development programme for Novice Exporters
2 day Developing International Business workshop (compulsory)
Adviser assistance Other free export training £1000 matched funding Access to Market Visit Support grant £500 enrolment fee (credit against OMIS
services)
56
12 month strategic support programme for SMEs with 2-10 years export experience
£500 training voucher Adviser support Access to Market Visit Support grant
GATEWAY to GLOBAL GROWTH (G3)
57
TRADESHOW ACCESS PROGRAMME (TAP)
Support for exhibitors at key international trade fairs (via Accredited Trade Organisations) and for individual attendance (Solo)
£1000 – 1800
58
MARKET VISIT SUPPORT (MVS)
Travel grant for delegates on regional trade missions, or to support individual trade development visits (Solo)
Grant amount determined by destination (£200 - £800)
Applicants must be on Passport, Gateway, or following up recent OMIS
59
EXPORT MARKETINGRESEARCH SCHEME
Purchase of Market Reports (33%) Undertaking Research Visits (50%)
60
EXPORT MARKETINGRESEARCH SCHEME
2 projects (strategic research visits) per year max
Up to £5000 matched funding per in house project (£20k lifetime max)
Good way to learn sound market research methodology
61
EXPORT COMMUNICATIONS REVIEW (ECR)
Subsidised consultant assessment of International Communication strategy, including Cultural Factors
Website Internationalisation advice
62
UKTI TRAINING
Appointment & Management of Agents & Distributors
International Exhibiting Skills Internet Strategy International Presentation Skills Researching Export Markets
63
www.ukti.gov.uk
UKTI website - excellent source of market & sector information
Register to receive Business Opportunities
Tara Gillam Business West – Enterprise Europe NetworkClient Services Manager
Access over 14,000 European Business Opportunities for FREE via Enterprise
Europe Network’s Partnership Tool
TitleSub-title
PLACE PARTNER’S LOGO HERE
European CommissionEnterprise and Industry
Enterprise Europe Network Connecting you to New Business Opportunities in Europe
European CommissionEnterprise and Industry
Title of the presentation | Date |66
What we will cover:
• Who are Enterprise Europe Network (EEN)• Our Role• Organisation Capability• Services we cover in the South West• European Partnership Service• Case Studies• Activity – creating your own profile• Next Steps• Questions
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Who are Enterprise Europe Network
• Established in 2008 through merging the Innovation Relay Centre and European Information Centre, with additional support for R&D including FP7 & Eurostars
• Funded in part by the European Commission’s Competitiveness and Innovation Programme
• Global Reach covering 49 Countries
600 offices with approx. 5,000 staff on the ground
Currently 15 people in South West, ensuring regional coverage
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Our Role
To stimulate business growth through collaboration, innovation and
internationalisation. Our 4 key offerings are:
• Identifying new International business opportunities through our Partnership Service
• Provide advice on how to trade more effectively in European Markets and Internationally
• Guidance on accessing European Funding• A European policy-feedback service, including business
consultation
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Organisational capability
Scotland (3 partner in consortium)
Northern Ireland (1)
North West (4)
North East of England (2)
Yorkshire (4)
Midlands (3)
East of England (1)
London (4)
South East (3)
Wales (2)
South West of England (1)
• Europe’s largest business support organisation
• 11 Enterprise Europe Networks in the UK
• Not just EU Countries Now in 49 Countries
• Local yet Global
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49 Countries including:27 Member States + 21 Non-EU Members
• Armenia• Bosnia and Herzegovina• Chile• China• Croatia• Egypt• Macedonia• Iceland• Israel• Japan• Mexico
• Montenegro• Norway• Russia• Serbia• South Korea• Switzerland• Syria• Tunisia• Turkey• USA
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Services available in the South WestAdvice on trading in Europe including: • VAT• EU policies & directives• CE marking• legislation• Intellectual Property advice
Access to the Networks Partner Search Tool• Commercial• Technology • Research
Support to access European R&D funding :• Framework Programme 7 – FP7 • Euro Stars• Assistance with R&D Applications
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European Partnership Service
http://www.enterpriseeuropesw.org.uk http://www.eensw.co.uk
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European Partnership Service
• Over 14,000 Business Opportunities• Currently FREE to use• Commercial, Technical and Research
Opportunities• Search by Sector, Country of Origin, Offer or
Request and Keyword
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European Partnership Service
• No limit to how many “Expressions of Interest” you make
• Add your own profile to the database• Find Partners for Collaborations• Find Agents / Distributors / JV Partners
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European Partnership Service
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Commercial Profile
20110608016
Spanish company supplier of wines
requests distributors / Commercial
agents for its products in Austria,
Belgium, Denmark, Germany, Ireland,
Netherlands, UK and other countries.
• PDF Download • E-Mail details to yourself• Direct Enquiry through the website
Title of the presentation | Date |77
Technology Profile
11 RU 86FG 3LJ9
Energy saving machine drive. The
application of the technology reduces
energy consumption of machine drives
by up to 30-40%. The SME seeks
partners for joint further development
and adaptation of the technology to
specific needs.
• PDF Download • E-Mail details to yourself• Direct Enquiry through the website
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Case Study: Hemisphere Freight
Engagement to Date:• 47 Expressions of
Interest• 2 Partnership
Agreements• 1 Profile
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Case Study: Isoperla
Engagement to Date:• 9 Expressions of
Interest• 1 Partnership
Agreements• 2 Profiles
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Case Study: Rokkaplay
Engagement to Date:• 41 Expressions of
Interest• 2 Partnership
Agreements 2 close to agreements
• 2 Profiles
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Case Study: McCormick Weeks
Engagement to Date:• 2 Expressions of
Interest• 1 Partnership
Agreements• 1 Profiles
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Next Steps
• Webinar “How to get the most from our Partner Search Tool”
Monday 10th October 2011 at 11.00am Monday 24th October 2011 at 2.00pm
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Any Questions?
Tara Gillam – Client Services ManagerEnterprise Europe Network South WestT: 01275 370 867M: 07765 999 296E: [email protected]: www.enterpriseeuropesw.org.uk or www.eensw.co.uk
Neil HigginsonBusiness West – Solutions for BusinessERDF Programme Manager
Solutions for Business in the South WestCoaching for High Growth, Understanding Finance for Business and Starting a High Growth Business
Business West
Starting a High Growth BusinessCoaching for High GrowthUnderstanding Finance for Business
Neil HigginsonProgramme Manager – ERDF Projects
What is high growth business coaching
Why now?
Top benefits
Our Programmes
What is High Growth Coaching and why now?
Focussed on improving business Take the next step
Enabling
Driving the business forward
Why now?
Why not?
The BenefitsBusiness
Personal Development
Support & Motivation
Work Life Balance
Programme Overview
There are three projects under the High Growth Programme, all of which provide coaching and two mentoring:
Starting a High Growth Business
Coaching for High Growth
Understanding Finance for Business
The Focus
Eligibility Guidelines - 1
Starting a High Growth Business
Potential to achieve between £500k & £1m turnover or higher within 3 years of trading
Coaching for High Growth
Available for businesses with turnover of £1m plus [max £50m]
Understanding Finance for Business
Aimed at pre-start, start-up or established business showing evidence of growth or growth potential – no financial levels
Eligibility Guidelines - 2
To be eligible for support from any of these projects, companies must exhibit at least six of the following 12 characteristics:
A high level of aspiration and a positive attitude to business growth A highly capable leadership team (or planned)Commitment – a willingness to invest time and to pay in part for support An intention to seek external financeEvidence of a strong order bookSound industry and sector knowledgeFirms already growing who lack structure and processEvidence of willingness and capacity to innovate Willingness to engage in sustainable strategy and practice Use of emergent technology and new techniquesExport potentialGrowth for a purpose
Delivery Area
The three projects will be delivered across the South West excluding Cornwall
What does a business get and we in return
The support of a ‘validated’ High Growth Coach and/or mentor
Minimum of two days support (12 hours) which can include workshop attendance
Improved GVA (Gross Value Added)
Improved coaching and mentoring standards across the South West
An example of a Coach selection
Client will be assessed for eligibility and support requirements
An Action Plan will be issued
– Brief posted to website
– Applications invited from local coaches with relevant skills/specialism's
– Client will receive profiles of responders and select from these
What would you prefer?
Costs
Currently, all coaching and workshop support is fully subsidised to the client – this may change
Up to 10 days coaching provision at a cost to a/the Programme of £5,500
Change in the funding arena means that we may well move to a matched costs basis as well as charging for workshops – yet to be decided
Summary
High Growth coaching – why now
The benefits
The Programmes
Business West’s joined up approach
Don’t leave it too late
Q & A
Dan Storey Guerrilla Marketing your Business Head Guerrilla
Innovative Marketing Strategies for small business owners on a limited budget
Understand Innovative Marketing Strategies on how to impact your
profit/turnover on a limited budget
Dan StoreyGuerrilla Marketing Your Business
My background
• Specialist in marketing training and education
• Guerrilla Marketing Master Trainer
• Marketer & Marketing Trainer
What is Marketing?
• Marketing is an Investment– Need to be able to measure ROI
• Art of changing people’s minds• Truth made fascinating
• All contact with your business
Marketing Must Haves
• Marketing Plan – Demographics, USPs, Niche, Techniques
• Budget– Time, Energy, Imagination, Knowledge
• Commitment– Develop and follow through
Marketing Psychology
• 3000-5000 Marketing messages per day– What makes you stand out?
• Clients are confused and unsure– Tell them what to do next
• Clients have no time– Make the next step really simple
• Clients are skeptical– Need to develop a relationship
Marketing Strategies
• Joint Ventures
• Identify partner that already has access to your target market
• Deal that adds value to their clients, their business, then YOU
Marketing Strategies
• Fusion Marketing
• Identify partners that offer complimentary services and share marketing investment
Marketing Strategies
• Affiliate Marketing
• Locate other people who want to sell your products to their contacts
• Existing affiliate networks • Referral marketing incentives
Marketing Strategies
• Guerrilla Marketing
• Conventional business goals using unconventional methods
• 22 differences between traditional and Guerrilla marketing
• Specifically designed for small businesses with limited marketing budget
Top 5 ways to waste yourmarketing budget!
Please don’t make these mistakes…
Top 5 ways to waste budget
• No Targeting
• Broadcast marketing with no measurement
• No idea of client demographics
Top 5 ways to waste budget
• Not building relationships
• Like trying to ask someone to marry you when you first meet them
• Permission Marketing
Top 5 ways to waste budget
• 3 – One Hit Wonder
• Not reselling. Existing clients are your best source of new business.
• Upsell? Cross-sell? Referral? Affiliates?
Top 5 ways to waste budget
• 4 – Wrong Medium
• Need to be advertising in areas where your demographic are present.
• Combination of marketing techniques
Top 5 ways to waste budget
• 5 – Bad Design
• Design may be lovely but completely lacking in practical elements
• Website designed by an internet marketer
Case Study
• Austin Degge – Mortgage Broker
• Problem 1– Only 1 source of leads– Company ‘disappeared shortly
before xmas 2010
• Goal– Multiple lead generation options
Case Study
• Solutions
1. Clearly identify niche2. Identify marketing media3. Redesign/tweak ‘new’ website4. Referral scheme
Case Study
• Result
• Over £1m new borrowing generated in next 5 weeks just through new channels
• Equivalent of 3 months business in 5 weeks
Innovative Marketing Workshops
• An overview of marketing • Joint venture, affiliate and fusion marketing • Differences between innovative marketing and
traditional marketing • The mindset of marketing • 200 strategies/techniques of guerrilla
marketing • Social media and internet marketing tactics
Forthcoming Innovative Marketing Workshops
• Wednesday 5th October 2011– The Exchange, Bridgwater
• Wednesday 19th October 2011– Royal Bath Hotel, Bournemouth
• Tuesday 25th October 2011– Bristol Golf Course, Bristol
• £39 per personComplete the booking form in your
delegate pack and hand to the reception desk
What's Next!Complete the Feedback FormBook onto a Marketing Event
Book onto a Webinar
NETWORK OVER LUNCH