Mike Chapman recently shared his experiences of supporting local businesses in North Devon ( South West England, UK ) . We felt his experiences would support Business Mentors become more effective as support providers. While also helping Entrepreneurs understand what areas they need to focus on.
Gerry Creedon highlights his experience of working with successful British serial entrepreneurs. He worked for Lord Hamlyn of Edgdeworth (deceased) for 18 years. Gerry also worked for Lawrie Lewis, the founder of the Blenheim Group for 2 years. During this time he worked on various internal business projects. Both the serial entrepreneurs had a keen interest in Innovation. For instance, Lord Hamlyn built businesses in the construction, publishing and the hospitality sectors. He was also a renowned Philanthropist. Lawrie Lewis developed a business model for exhibition organisers. He is seen as the father of the modern trade exhibition industry. We intend to focus on Gerry’s time with Lord Hamlyn in this blog post.
Tony Gimple recently shared his experience as an Entrepreneur working and living in the UK. We felt his experience would support other entrepreneurs in lowering their risk of failure. Tony was one the founding members of the first UK law firm to be owned and managed by a non lawyer. This experience is highly relevant in an age where the Legal Sector in the UK is experiencing deregulation. He is also the Executive Adviser for Stairs And Shares.
Philippa Seal is a professional business support provider to entrepreneurs, micro and small businesses. She is also a working mother. She directed a B2B advertising agency for 5 years. She then took 10 years out of her professional career to raise her family. She is now building her second career.She offers her support via UCL Advances and Stairs And Shares. We felt her experience, knowledge base and journey would be useful to the rest of us.
Over the last 5 years, we have supported 1,000 entrepreneurs. It sounds a lot. Yet, when you look at the processes we use, the way we organise resources, it does not seem like much. This blog is about simple ways of organising business support for entrepreneurs.
Independent Professionals have a tough time establishing ourselves in the market. We suffer from lack of resources. Not just financial ones, but the ones the financial resources pay for. For instance, people. Here we get the short end of the stick.
The hard work for entrepreneurs is confronting the massive uncertainty of how to scale. Successful entrepreneurs must understand what they do not know. Then connect with someone who does. External experts can help. Yet, choosing one or two who are a good fit for your particular situation can be difficult. This blog gives clarity on this.
I remember setting up my own business for the first time during the dot-com days. We were 4 co-founders. We all had day jobs. We all gave it 6 months to try out - a year later we were still there ! We all had business experience. We were all graduates. Yet, when it came to sourcing professional support we struggled. We were unsure what the investors were looking for? We were unsure when to engage with an accountant or a lawyer. We weren’t even sure what to ask them ! At times, we were paying them good money to find we already knew the answer.