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Www.glos.ac.uk/bugcompetition Workshop 1 Envisioning Your Business Thursday 27th October BUG Programme.

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Presentation on theme: "Www.glos.ac.uk/bugcompetition Workshop 1 Envisioning Your Business Thursday 27th October BUG Programme."— Presentation transcript:

1 www.glos.ac.uk/bugcompetition Workshop 1 Envisioning Your Business Thursday 27th October BUG Programme

2 www.glos.ac.uk/bugcompetition The Competition will require you to: Develop your idea and submit a well thought through summary of it. Create and submit a 20 page business plan for the business. If shortlisted, deliver a short presentation to a panel of judges and engage in discussion about your business plan. If shortlisted, attend the award ceremony. BUG Programme Entry Requirements

3 www.glos.ac.uk/bugcompetition BUG Programme Additional Dates BUG Beer Mat ChallengeW/C 14 Nov BUG Idea Summary Form SubmissionFri 2 Dec Christmas Networking EventThur 8 Dec BUG Business Plan SubmissionTBC (May) BUG Finalist Presentations TBC (May) Presentation of BUG AwardsTBC

4 www.glos.ac.uk/bugcompetition Idea Summary The first deadline for the competition is December 2 nd when you will be required to submit a summary of your business idea. The submission will require you to write approx. 500 words about your idea under a number of section headings. This helps us to learn a bit more about your idea – and will help your mentor.

5 www.glos.ac.uk/bugcompetition Your Business Plan You will be required to submit a 20 page business plan on your idea. The plan will need to include a number of sections, an outline of which is available on our NEW web pages. www.glos.ac.uk/bugcompetition

6 The BUG quiz! What do these local start-up businesses do? link

7 www.glos.ac.uk/bugcompetition Idea Generation Think about the things that you like/enjoy Think about the things you really like doing Think about the things that irritate or frustrate you e.g. when you are shopping; or when you need service Think about the things or services that you need i.e. on which you have to [?!] spend money/time

8 www.glos.ac.uk/bugcompetition PassionsHobbiesFrustrationsNecessities Idea Generation

9 www.glos.ac.uk/bugcompetition PassionsHobbiesFrustrationsNecessities Cars Rugby Food Art Track Days Going Out Watching Sport Keeping Fit Spending Money Shopping Being Cold Running out of time Insurance DIY Cooking Cleaning Idea Generation

10 www.glos.ac.uk/bugcompetition PassionsHobbiesFrustrationsNecessities Cars Rugby Food Art Track Days Going Out Watching Sport Keeping Fit Spending Money Shopping Being Cold Running out of time Insurance DIY Cooking Cleaning Idea Generation

11 www.glos.ac.uk/bugcompetition PassionsHobbiesFrustrationsNecessities Cars Rugby Food Art Track Days Going Out Watching Sport Keeping Fit Spending Money Shopping Being Cold Running out of time Insurance DIY Cooking Cleaning Idea Generation

12 www.glos.ac.uk/bugcompetition PassionsHobbiesFrustrationsNecessities Cars Rugby Food Art Track Days Going Out Watching Sport Keeping Fit Spending Money Shopping Being Cold Running out of time Insurance DIY Cooking Cleaning Idea Generation

13 www.glos.ac.uk/bugcompetition Passions:Hobbies: Frustrations:Needs: Links:Business Opportunity Ideas? Activity: Teams to now fill in the upper (four) sections note: complete passions/hobbies before you start on frustrations/needs

14 www.glos.ac.uk/bugcompetition PassionsHobbiesFrustrationsNecessities Cars Rugby Food Art Track Days Going Out Watching Sport Keeping Fit Spending Money Shopping Being Cold Running out of time Insurance DIY Cooking Cleaning Idea Generation OK, now let’s put these together – and make some business ideas! First – make some links (you don’t have to agree but it helps) recommendation: use different coloured pens

15 www.glos.ac.uk/bugcompetition PassionsHobbiesFrustrationsNecessities Cars Rugby Food Art Track Days Going Out Watching Sport Keeping Fit Spending Money Shopping Being Cold Running out of time Insurance DIY Cooking Cleaning Idea Generation OK, now let’s put these together – and make some business ideas! Then – envisage some business concepts (that might satisfy you – and other customers) recommendation: who would be the customers?

16 www.glos.ac.uk/bugcompetition PassionsHobbiesFrustrationsNecessities Cars Rugby Food Art Track Days Going Out Watching Sport Keeping Fit Spending Money Shopping Being Cold Running out of time Insurance DIY Cooking Cleaning Idea Generation OK, now let’s put these together – and make some business ideas! First – make some links (you don’t have to agree but it helps) recommendation: use different coloured pens Then – envisage some business concepts (that might satisfy you – and other customers) recommendation: think who would be the customers?

17 www.glos.ac.uk/bugcompetition PassionsHobbies FrustrationsNeeds Links:Business Opportunity Ideas? Teams to now fill in the final (bottom two) sections:

18 www.glos.ac.uk/bugcompetition ARE YOU ENTREPRENEURIAL ? try the General Enterprising Tendency [GET] test

19 www.glos.ac.uk/bugcompetition GET test is available on http://www.get2test.nethttp://www.get2test.net

20 www.glos.ac.uk/bugcompetition

21 GET questions cont’d….

22 www.glos.ac.uk/bugcompetition and… Are you Creative ? (the CREAX test)

23 www.glos.ac.uk/bugcompetition www.monacomoneyclothing.com

24 www.glos.ac.uk/bugcompetition Vanilla Pod Bakery

25 www.glos.ac.uk/bugcompetition The Cotswold Deli Smart Notebooks

26 www.glos.ac.uk/bugcompetition Active Krav Maga Pinnell Productions

27 www.glos.ac.uk/bugcompetition 1.BUG WORKSHOPS Workshop 1Envisioning your BusinessClive Kerridge, UoGThu 27 Oct 2011 Workshop 2 The Mindset of the Entrepreneur Philip Allen, Impact For Life Thu 3 Nov Workshop 3Start-up IssuesPeter Doggett, VistageThu 10 Nov Workshop 4 Sales and Presentation Skills Paul Clarkson, PA2CThu 17 Nov Workshop 5 Intellectual Property Issues Steven Murray, RickerbysThu 24 Nov Workshop 6Is my Business Viable?Various Members, CIMThu 1 Dec Workshop 7Marketing via Social NetworkingWorkshop Leader TBCThu 26 Jan 2012 Workshop 8Money MattersOliver Newbold, R&PThu 2 Feb Workshop 9Sourcing Funding and Business BankingNeil Griffiths, NatwestThu 9 Feb Workshop 10How to Value your Business Brian Dorricott, MeteoricalTue 14 Feb Workshop 11Managing People and ProcessesJohn Down, CMIThu 23 Feb Workshop 12Putting a Plan TogetherClive Kerridge, UoGThu 1 Mar


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