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

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Presentation transcript:

Workshop 1 Envisioning 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 Programme Entry Requirements

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

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.

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.

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 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

PassionsHobbiesFrustrationsNecessities Idea Generation

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

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

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

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

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

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

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?

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?

PassionsHobbies FrustrationsNeeds 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

GET questions cont’d….

and… Are you Creative ? (the CREAX test)

Vanilla Pod Bakery

The Cotswold Deli Smart Notebooks

Active Krav Maga Pinnell Productions

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