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Young entrepreneur competition offers vital support
The 2014 Haines Watts Young Entrepreneur of the Year competition has launched and if you – or someone you know – is thinking of entering, you might be interested in the mentoring that’s offered as part of the prize
From talking to previous competition finalists, and to young entrepreneurs generally in their work, Haines Watts’ partners have compiled the top 10 worries they experience and these come up frequently in mentoring sessions:
1 Not sure that the market niche is lucrative enough or that the product fit is right.
2 Cashflow, Cashflow, Cashflow. This single element can fold a business even if it’s profitable.
3 Too much of a perfectionist – either can’t delegate or procrastinates all the time and ends up doing nothing at all.
4 Guilty of working within strengths and comfort zones and
letting other areas lapse – this can be fatal if they are core aspects of the business such as strategy, book- keeping, sales or marketing.
5 ‘Haven’t got time’ syndrome – so busy running the business that you haven’t got a clue about vital aspects like having up-to-date and accurate management information.
6 Not sure if you are charging enough.
7 Feelings of isolation – don’t know who to turn to for advice – and friends are out when you’re stuck working; they don’t understand what it’s like to be a business owner.
8 Don’t know how best to grow the business.
Sponsorship supports success for local
swimmer in World Schools Games finals Talented England team swimmer 16-year-old Oliver Jermy from Hampshire has taken part in the ISF Gymnasiade 2013 World Schools Games in Brazil, supported by sponsorship from top 25 UK chartered accountancy and business advisory firm Wilkins Kennedy LLP
The South Downs College student flew from London to Brazil as part of the England team of 24 students aged from 15-18 years old.
The five-day competition with 42 different countries took place at the end of November in 35 degree heat in an outdoor pool, with heats and finals taking place on the same day.
Jermy achieved fourth place in the 200m backstroke and 400m individual medley finals and eighth place in the 50m backstroke final.
Jermy said: ”Before leaving for the competition I received a letter from his Royal Highness
the Duke of Cambridge wishing the team good luck, and I was lucky enough to take part in the parade at the opening ceremony.
"The whole experience was just incredible – swimming in an open-air pool in 35 degree heat along with wind and rain was a completely different scenario to my training and it was such a great experience.
"I’d like to thank my family and friends for their support, as well as a special thanks to my swimming coach Graham Pople at Havant and Waterlooville Swimming Club and local accountancy firm Wilkins Kennedy for their
THE BUSINESS MAGAZINE – THAMES VALLEY – MARCH 2014
at chartered accountancy firm Wilkins Kennedy who sponsored Jermy, said: “Oliver is a star and we are very proud of his achievements – we are pleased to support such gifted young talent and would like to congratulate him on his success.”
Details: Claire Peers 01962-852263
claire.peers@
wilkinskennedy.com www.wilkinskennedy.com
Oxford partner Simon Garrett (left) with 2013 finalist Alex Minchin of Zest Digital at a mentoring session
9 Scared of recruiting people and losing control.
10 Need inspiration and support.
To help young entrepreneurs, the competition website (www.hwye.
co.uk) has ‘tips and tricks’ and a blog – and there are also social networking sites to communicate with like- minded people.
To enter this year’s competition, which is free, go online at www.hwye.
co.uk and submit a good business case as to why you should win. Finalists receive a year’s free business mentoring from a partner at Haines Watts, cash prizes and PR.
Competition applicants should be running a business in the Thames Valley, defined as Berkshire, Hampshire, Surrey, Buckinghamshire, Hertfordshire and Oxfordshire, and must have been trading for over a year.
The competition is open to anyone who is under 36 years old on July 31, 2014 and there is no lower age limit.
For further information visit:
www.hwye.co.uk
HWYE is also on Facebook, Twitter and LinkedIn.
For further information about Haines Watts visit:
www.hwca.com
sponsorship and support.” Claire Peers, marketing director
www.businessmag.co.uk
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