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Stimulating Enterprise through Coaching.

Stimulating Enterprise through Coaching. Stimulating Enterprise Through Coaching. Aftab khan Project Manager Birmingham Chamber of Commerce. Stimulating Enterprise Through Coaching.

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Stimulating Enterprise through Coaching.

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  1. Stimulating Enterprise through Coaching.

  2. Stimulating Enterprise Through Coaching. Aftab khan Project Manager Birmingham Chamber of Commerce

  3. Stimulating Enterprise Through Coaching. “The project aims to build an entrepreneurial culture in deprived communities where it is currently absent and will require more people to become self employed and start their own business.”

  4. Stimulating Enterprise Through Coaching. Funded by Working Neighbourhood Fund The programme delivers the Birmingham City Council LAA Priority Outcome: Outcome 2: Increase the city’s economic output and productivity through expansion of key growth sectors, greater enterprise and innovation in high value activity. Part of this priority outcome focuses on enterprise and new business creation.

  5. Stimulating Enterprise Through Coaching.

  6. Stimulating Enterprise Through Coaching.

  7. Stimulating Enterprise Through Coaching. The Project will achieve this by:- Engaging with communities at a local level Work through these agencies to get directly to individuals who might benefit Deliver the services in the local communities Make links to the wider range of business start up services available

  8. Stimulating Enterprise Through Coaching. The Challenge?

  9. Stimulating Enterprise Through Coaching. Build confidence and trust Overcoming barriers Linking Support Enterprise Plan Lack of financial capability Changes in the economic climate Market saturation Fictitious unemployment

  10. Delivery

  11. Stimulating Enterprise Through Coaching. Delivered across the most deprived wards of Birmingham Focus on engaging and coaching clients Work through trusted networks (Libraries, Community Centres faith organisation colleges etc.) 3 coaches deployed to deliver the service SLA with Birmingham chamber training

  12. Stimulating Enterprise Through Coaching. BLWM Coach JC+ Outputs DWP Communities Agencies Princes trust B:rap BDS B’ham Ent Bham Venture I-SE

  13. Stimulating Enterprise Through Coaching. Individual Understanding of Business Process Financing the Business Working through the Business idea

  14. Stimulating Enterprise Through Coaching. Legal Skills Abilities Previous experience Family commitments / support Motivation Reasons for self employment What is stopping them Individual

  15. Stimulating Enterprise Through Coaching. Understanding of Business Process Business Structures Business Model Legal obligations VAT / TAX Back office functions Terms of business Contracts Employing people

  16. Stimulating Enterprise Through Coaching. How much money is required to launch and sustain the business Where will it come from / How will you raise it Financial institutions Costs of doing business Cash flow Profit margins Financing the Business

  17. Stimulating Enterprise Through Coaching. Competition Business model Suppliers How will you get customers Will it make money ? When? Cost to develop Is it legal Working through the Business idea

  18. Stimulating Enterprise Through Coaching. Individual takes responsibility Drive the pace Coach encourages and supports When ready they move onto main stream start up provision

  19. Stimulating Enterprise Through Coaching. Business Awareness Seminar Legal Issues Marketing Business Plan Access to Finance Access to a Business Adviser for 12 months

  20. Stimulating Enterprise Through Coaching.

  21. Conclusion

  22. Huge demand for enterprise Support specifically coaching Lack of business acumen is prevalent in deprived areas Trusted networks way forward for enterprise support Grant biased assistance essential for future delivery The programme was successful in reaching the hard to reach communities

  23. Stimulating Enterprise Through Coaching. Thank you Questions

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