Be Your Own BossEnterprise

opportunities

Be Your Own BossWhat is enterprise? venture to

generate money

undertaking, especially a risky one

Be Your Own Boss

By the end of this session you will:know about the opportunities availableunderstand which skills are requiredknow why enterprise is important in Waleshave some direct experience of enterprise

Be Your Own Boss

What opportunities for enterprise are available?

Be Your Own BossIn College

Role modelsBusiness DynamicsYoung EnterpriseAchievers InternationalTutorials

Global Enterprise ChallengeEnterprise ClubBusiness MentorScholarshipsPOD tour

Be Your Own Boss

Be Your Own Boss

Be Your Own BossOutside College

Graduating to Enterprise (G2E) workshopsAdvice from specialist Enterprise Agents

Advice and funding for pre-start upAdvice and funding for trial tradingFree retail space for artists

Be Your Own Boss

Which skills are required for enterprise?

Be Your Own Boss

ACRO model

AttitudeCreativity

RelationshipsOrganisation

Be Your Own Boss

1. Complete the questionnaire ‘Is it for me?’

2. Score it3. Read your ACRO profile4. Discuss the process as a group

Be Your Own Boss

Which of the ACRO skills do you think the following successful entrepreneurs have?

Be Your Own BossRichard Branson

16: 1st business20: ‘Virgin’ 34: Virgin Atlantic47: Virgin Rail52: combined sales $4 billion from 200 companies in 30 countries

Be Your Own BossAnita Roddick

Teacher, traveller, hotelier, mother34: 1st Body Shop36: 1st franchise42: Goes public44: 1st campaign 46: Soapworks 58: Sales of $904m

Be Your Own BossJames Dyson

23: Designed sea truck27: Invented Ballbarrow27: Invented Waterolla31: Invented Trolleyball36: Invented G-Force46: Opened 1st factory58: Worth £700m

Be Your Own BossPerween Warsi

17: Married, arrived UK30: Starts S&A Foods31: Sells company35: Mgt buyout40: Builds £8m factoryClients include Asda, Safeway, SainsburyTurns over £100m p.a.

Be Your Own Boss

Why is enterprise important in Wales?

Be Your Own BossNew businesses are good because they:

Act as a source of innovation and new ideasCreate jobsProvide a seedbed for future growthIncrease competitionDevelop supply chainsReduce social exclusionIncrease economic flexibility

DTi, September 2003

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Enterprise in Wales and UK

% pop in enterprise% pop investing% female pop % male pop

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Enterprise by age

18-2425-3435-4445-5455-64

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Attitudes towards

enterpriseKnow someoneGood opportunitiesHave skillsFear failureGood career choiceHigh status

Be Your Own Boss

Like to have some direct experience of enterprise?

Be Your Own BossDynamo game

Split into teams of 4-5.Select an individual and play to make money for their new business.Tell your tutor how much each individual makes at the end of the tax year.Compare your best score with the best score achieved by other teams.

Be Your Own Boss

Any questions?

Be Your Own BossFor more information about

enterprise activities and support contact:

Wendy Williams 029 2090 8017

williams_w@glan-hafren.ac.uk