Connecting you to opportunity Stimulating Enterprise through Coaching.

Connecting you to opportunity Stimulating Enterprise Through Coaching. Aftab khan Project Manager Birmingham Chamber of Commerce

Connecting you to opportunity 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.”

Connecting you to opportunity 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.

Connecting you to opportunity Stimulating Enterprise Through Coaching.

Connecting you to opportunity Stimulating Enterprise Through Coaching.

Connecting you to opportunity 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

Connecting you to opportunity Stimulating Enterprise Through Coaching. The Challenge?

Connecting you to opportunity 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

Connecting you to opportunity Delivery

Connecting you to opportunity 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

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

Connecting you to opportunity Stimulating Enterprise Through Coaching. Individual Understanding of Business Process Financing the Business Working through the Business idea

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

Connecting you to opportunity 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

Connecting you to opportunity Stimulating Enterprise Through Coaching. Financing the Business 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

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

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

Connecting you to opportunity Stimulating Enterprise Through Coaching. Business Awareness Seminar Access to Finance Legal IssuesMarketing Business Plan Access to a Business Adviser for 12 months

Connecting you to opportunity Stimulating Enterprise Through Coaching. Profile 0ct09- March11 Actual 0ct09- Mar 11 Clients Engaged Clients referred to main stream support Clients setting up in Business 10199

Connecting you to opportunity Conclusion

Connecting you to opportunity 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

Connecting you to opportunity Stimulating Enterprise Through Coaching. Thank you Questions