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

www.glos.ac.uk/bugcompetition

Workshop 1Envisioning Your Business

Thursday 27th October

BUG Programme


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 ProgrammeEntry Requirements


BUG ProgrammeAdditional Dates

BUG Beer Mat Challenge W/C 14 Nov

BUG Idea Summary Form Submission Fri 2 Dec

Christmas Networking Event Thur 8 Dec

BUG Business Plan Submission TBC (May)

BUG Finalist Presentations TBC (May)

Presentation of BUG Awards TBC


Idea Summary

The first deadline for the competition is December 2nd 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.


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.


http://www.glos.ac.uk/bugcompetition


The BUG quiz!

What do these local start-up businesses do?

link


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 youe.g. when you are shopping; or when you need service

Think about the things or services that you needi.e. on which you have to [?!] spend money/time


Passions Hobbies Frustrations Necessities

Idea Generation



CarsRugbyFoodArt

Track DaysGoing OutWatching SportKeeping Fit

Spending MoneyShoppingBeing ColdRunning out of time

InsuranceDIYCookingCleaning

Idea Generation


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



CarsRugbyFoodArt

Track DaysGoing OutWatching SportKeeping Fit

Spending MoneyShoppingBeing ColdRunning out of time

InsuranceDIYCookingCleaning

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?


Passions Hobbies

Frustrations Needs

Links: Business Opportunity Ideas?

Teams to now fill in the final (bottom two) sections:


ARE YOU ENTREPRENEURIAL ?

try the General Enterprising Tendency [GET] test


GET test is available on http://www.get2test.net

http://www.get2test.net/




GET questions cont’d….


and… Are you Creative? (the CREAX test)


www.monacomoneyclothing.com

http://www.monacomoneyclothing.com/


Vanilla Pod Bakery


The Cotswold DeliSmart Notebooks


Active Krav MagaPinnell Productions


1. BUG WORKSHOPSWorkshop 1 Envisioning your Business Clive Kerridge, UoG Thu 27 Oct 2011

Workshop 2 The Mindset of the Entrepreneur Philip Allen, Impact For Life Thu 3 NovWorkshop 3 Start-up Issues Peter Doggett, Vistage Thu 10 Nov

Workshop 4 Sales and Presentation Skills Paul Clarkson, PA2C Thu 17 Nov

Workshop 5 Intellectual Property Issues Steven Murray, Rickerbys Thu 24 Nov

Workshop 6 Is my Business Viable? Various Members, CIM Thu 1 Dec

Workshop 7 Marketing via Social Networking Workshop Leader TBC Thu 26 Jan 2012

Workshop 8 Money Matters Oliver Newbold, R&P Thu 2 Feb

Workshop 9 Sourcing Funding and Business Banking Neil Griffiths, Natwest Thu 9 Feb

Workshop 10 How to Value your Business Brian Dorricott, Meteorical Tue 14 Feb

Workshop 11 Managing People and Processes John Down, CMI Thu 23 Feb

Workshop 12 Putting a Plan Together Clive Kerridge, UoG Thu 1 Mar

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

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