Posted: Fri 22nd Jun 2018
In another monthly trip to 10 Downing Street where Enterprise Nation members and partners offer thoughts on how the UK can be a supportive environment to start and grow a business with the prime minster's business adviser, there were a several key take-aways. Enterprise Nation founder Emma Jones reports.
The business owners attending were:
Ruth Clougherty, Gin & Yin Retreats
Fin Wyncherley, Supersize Media
Catherine Bedford, Dashel Helmets
Matthew Reed, Equipsme
Jim Shaikh, Yoomi
Ruth Bradford, The Little Black & White Book Project
Simon Cox, Simon Cox Marketing Solutions
Katherine George, Oh So Social
Olga Kravchenko and Michael Vi Nguyen Truong, Memento
Ahmed Malik, Enlight FM
Temi Onifade, Maximite
Aaron Henriques, Handlr
Beyond Social Buzz
Richard Tidswell, Business Doctors
Selling to government
A young tech start-up attendee has a solution that could potentially interest the Home Office and MoD when it comes to protecting citizens but where do they start when it comes to finding the right contact?! This is where platforms such as Contractsfinder have a role to play, plus the importance of attending meet the buyer events such as this one in the North East.
An attending entrepreneur confirmed that the majority of his sales come from overseas markets, particularly China where his baby bottle product has a potential market of 18 million babies who are born each year! What he's after is some form of Export Voucher scheme where his own funding can be matched with government money to spend on researching new markets (via programmes such as OMIS) and trade trips. We are big champions of Export Vouchers at Enterprise Nation!
A female entrepreneur outlined her situation of starting and growing the business from home, and now wanting to access workspace plus a supportive community. Hail the work of BCA which offer a database of space for any aspiring co-working space tenant or founder looking for full time office space.
A strong point was made by a company manufacturing in the UK which has struggled to find a manufacturing partner with the right level of engineering excellence to do the job. She referred to schemes in other countries where funds are available to support factories that don't have engineers, to partner with others to bring expertise in-house.
The next generation
This one comes up a good deal and focuses on creating the ideal conditions for younger entrepreneurs to start and thrive. Ideas include an animation to show just how much hard work has to be put into building a business, through to increasing the number of role models promoted.
Other areas covered included making health insurance for employees P11D exempt, looking at the success of skills programmes in Singapore, and the viability of zero rated VAT for businesses operating in the ethical trade.
It was another idea-packed and productive session.