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Could it be you? Young Entrepreneur competition update
The closing date for entries for the Haines Watts Young Entrepreneur of the Year competition in the Thames Valley has been extended to Monday, September 30
Haines Watts hopes that by extending the deadline, more young entrepreneurs will have the chance to win some great prizes, including a year’s free mentoring and business support from a partner, prize money and free publicity for their business.
The competition is free, open to candidates who had not reached their 36th birthday on or after July 31, 2013, and covers the whole Thames Valley area, defined as Berkshire, Hampshire, Surrey, Buckinghamshire, Hertfordshire and Oxfordshire.
There is no lower age limit but candidates must have been running their business for at least a year and must be able to provide sound financial
information. If this isn’t you but you know someone who might be interested in entering please pass on the contact details below.
Semi-finalists will be chosen in the autumn prior to a ‘grand final’, with an overall winner in November.
If you have a business and meet the entry criteria, it is worth having a go because everyone who enters also gains free membership of Nigel Botterill’s Entrepreneur’s Circle – a helpful business support hub.
To enter and for details visit www.
hwye.co.uk
Haines Watts Young Entrepreneur Competition is on Facebook, Twitter and LinkedIn.
CIPD research reveals the management secrets behind entrepreneurial success
The UK’s economic growth could be boosted if large firms adopted the entrepreneurial spirit that drives so much value in start-ups and small firms. According to new CIPD research, by encouraging a culture of ‘intrapreneurialism’, big businesses could help their employees adopt entrepreneurial behaviours that foster innovation and growth.
The buzzword ‘intrapreneurs’ was coined in the 1980s by management consultant Gifford Pinchot and is often used by organisations that recognise the
www.businessmag.co.uk
need for new and innovative ideas. Unlike entrepreneurs, who tend to run their own small start-up organisations, intrapreneurs usually work in larger organisations where they’re tasked with developing new ideas and concepts like an entrepreneur would.
In a report examining the people management factors that make entrepreneurial businesses so successful, Entrepreneurial spirit driving growth, the CIPD reveals that 37% of employees would welcome the opportunity to take on an ‘intrapreneurial’ role within
their organisation, but just 12% of organisations encourage and facilitate such behaviour.
Given that the UK’s entrepreneurs have grown sales by an estimated 20% year on year1 and that SMEs contribute 52% of private sector gross value added to the UK economy2, the CIPD is urging employers of all shapes and sizes to consider what they could gain by adopting a more entrepreneurial approach to business – be that by allowing intrapreneurs to thrive within their organisations or mirroring some of the other people
management practices successful growing businesses tend to adopt.
Microsoft and Alcatel-Lucent, both famed for providing intrapreneurial environments for their employees, are featured in the report, alongside entrepreneurial SMEs like Little Dish and A Suit that Fits which share their ‘secrets to entrepreneurial success’. The CIPD believes these insights provide useful lessons both for larger companies wishing to instil an entrepreneurial spirit within their organisations, as well as for small start-ups that are hungry to grow but keen to retain their innovative and entrepreneurial edge.
1 According to Ernst & Young research (2012)
2 According to RSA Valuable Assets (2012)
THE BUSINESS MAGAZINE – THAMES VALLEY – SEPTEMBER 2013 Judges from Haines Watts with last year’s winner Dale Barrett
For further information about Haines Watts please visit
www.hwca.com
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