stimulating enterprise through coaching
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Stimulating Enterprise through Coaching. Stimulating Enterprise Through Coaching. Aftab khan Project Manager Birmingham Chamber of Commerce. Stimulating Enterprise Through Coaching. - PowerPoint PPT PresentationTRANSCRIPT
Connecting you to opportunity
Stimulating Enterprise through Coaching.
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Aftab khan Project Manager
Birmingham Chamber of Commerce
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
“The project aims to build an entrepreneurial culture in deprived communities where it is currently absent and will require more people to become self employed and start their own business.”
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Funded by Working Neighbourhood FundThe programme delivers the Birmingham City Council LAA Priority Outcome: Outcome 2: Increase the city’s economic output and productivity through expansion of key growth sectors, greater enterprise and innovation in high value activity. Part of this priority outcome focuses on enterprise and new business creation.
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
The Project will achieve this by:-• Engaging with communities at a local level• Work through these agencies to get directly to individuals who might benefit• Deliver the services in the local communities• Make links to the wider range of business start up services available
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
The Challenge?
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Stimulating Enterprise Through Coaching.Build confidence and trustOvercoming barriersLinking SupportEnterprise PlanLack of financial capability Changes in the economic climate Market saturation Fictitious unemployment
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Delivery
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
•Delivered across the most deprived wards of Birmingham•Focus on engaging and coaching clients•Work through trusted networks (Libraries, Community Centres faith organisation colleges etc.)•3 coaches deployed to deliver the service•SLA with Birmingham chamber training
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Coach AgenciesPrinces trust
B:rapBDS
B’ham EntBham Venture
I-SE
OutputsCommunities
BLWM
JC+
DWP
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
IndividualUnderstanding of Business Process
Financing the BusinessWorking through the Business idea
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Individual
Legal
Skills
Abilities
Previous experience
Family commitments / support
Motivation
Reasons for self employment
What is stopping them
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Understanding of Business Process
Business Structures
Business Model
Legal obligations
VAT / TAX
Back office functions
Terms of business
Contracts
Employing people
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Financing the Business
How much money is required to launch and sustain the business
Where will it come from / How will you raise it
Financial institutions
Costs of doing business
Cash flow
Profit margins
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Working through the Business idea
Competition
Business model
Suppliers
How will you get customers
Will it make money ? When?
Cost to develop
Is it legal
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Individual takes responsibilityDrive the paceCoach encourages and supportsWhen ready they move onto main stream start up provision
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Business AwarenessSeminar
Access to Finance
Legal Issues Marketing Business Plan
Access to a Business Adviser for 12 months
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Profile0ct09- March11
Actual0ct09- Mar 11
ClientsEngaged
750 1500
Clients referred to main stream support
250 610
Clients setting up in Business
101 99
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Conclusion
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Huge demand for enterprise Support specifically coaching
Lack of business acumen is prevalent in deprived areas
Trusted networks way forward for enterprise support
Grant biased assistance essential for future delivery
The programme was successful in reaching the hard to reach communities
Connecting you to opportunity
Stimulating Enterprise Through Coaching.
Thank you
Questions