THE BRITISH LIBRARY

Innovation and enterprise blog

42 posts categorized "BIPC National Network"

12 November 2018

Celebrating Global Entrepreneurship Week at the Business & IP Centre

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This year’s Global Entrepreneurship Week is a great opportunity to highlight women, youth and inclusion in entrepreneurship. We are proud that 56% of users to the Business & IP Centres in London and around the country are women and 38% of users are BAME, providing an accessible and inclusive environment for people at all stages of their business life.

Despite living in an information-rich world, sometimes it’s difficult to find what you are looking for, know the quality of the resources or where to go. Awareness weeks such as Global Entrepreneurship Week, allows us to join in these conversations and highlight the importance of our National Network of Business & IP Centres and all that we offer.

Throughout Global Entrepreneurship Week, in addition to our regular line up of workshops and webinars, we also have on offer sessions bringing together hundreds of attendees and many experienced and knowledgeable partners. Workshops include Books mean Business, Diverse Wisdom, Fashion business planning & strategy, Networking for success and more, as well as a special day-long free event, Work Like A Women Day, on Thursday 15 November, before the ultimate celebration of unstoppable feminine force; Inspiring Entrepreneurs: Work Like a Woman with Mary Portas, who will be launching her new book, exploring new ways of working.

We asked the presenters of Work Like A Woman Day, what it means to them to ‘work like a woman’ and here’s what they said…

Amy Tez, a professional actress who helps entrepreneurs and business leaders communicate with power, conviction and clarity
The Listening Leader

“I’m a woman but I see myself as more than that. I’m a human being like any other, doing the best I can. Coming from a challenging background, I bring my fighting spirit to my business and to helping others grow. My only focus is to help us all listen more, trust ourselves more and reconnect to our shared humanity.”

Kim Davies, marketing expert and journalist
The Heroines of Hollywood

“As a New Yorker living in London, I was told I had to completely change the way I did business. ‘Be less aggressive. Speak in a quieter tone. Talk about the weather before you get to business.’ It was exhausting. Over the years, I’ve given myself permission to be both. I took the best traits from both worlds and balanced it with my true self, so that I could grow as a person, but still remain genuine. That’s what Working Like A Woman has meant to me.”

Emine Rushton, Wellbeing Director at Psychologies, founder of The Balance Plan and conscious consultancy Leaf Create
The Purposeful Career

“For me it is about working in a way that is wholly aligned with my values, that puts my own needs and those of my family first, that supports social equality and positive change, and champions messages of kindness, ethics and truth. Utmost of all, never ever feeling pressurised to be anything other than who I am – and never trying to squeeze myself, or my business models, into a pre-defined box.”

We’d love to hear what you think it means to ‘work like a woman’, tweet us with the #BLMaryPortas and we’ll share our favourites!

Our events don’t just end when Global Entrepreneurship Week does… November highlights include Profit with Purpose (Tuesday 20 November), giving lessons and advice on what it takes to launch a socially impactful product and Passion into Pounds with Purpose (Thursday 29 November), which looks at the leap from employee to working for yourself.

We have also rounded up some of the events taking place around the National Network:

Business & IP Centre Northamptonshire

How to write winning words for your business website, Thursday 15 November, 10.00 – 12.00. Delivered by Stephen Church of Copywriter Pro and covers the key elements that will make a website do its job.

Business & IP Centre Liverpool

  • Product development clinic with Def Proc Engineering, Tuesday 13 November, 17.30 – 19.45
  • Be Your Own Boss advice drop-in with St Helens Chamber of Commerce, Wednesday 14 November, 14.00 – 16.15
  • Entrepreneur In Residence, Cllr Gary Millar’s business advice drop-in, Thursday 15 November, 13.00 – 16.00
  • Research your market! workshop, Thursday 15 November, 18.00 – 19.30
  • Smarta Business Starter advice drop-in with Alt Valley community Trust, Friday 16 November, 10.00 – 14.00

Business & IP Centre Hull

  • Using the UN Global Goals to unleash social business ideas, Tuesday 13 November, 10.00 – 15.00. Delivered by Chapter 3 Enterprise C.I.C.
  • Intellectual Property Clinic, one to one appointments, Wednesday 14 November, 14.00 – 17.00
  • Social Media for Business Clinic, one to one appointments, Thursday 15 November, 13.00 – 17.00

Business & IP Centre Sheffield

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23 October 2018

Start-up Day 2018 in London and around the country

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Start-up Day helps budding entrepreneurs from around the country feel confident and provide tools to start a business and turn their dreams into a reality. Not only did this year’s event take place at the Business & IP Centre in London with almost 400 people attending a busy programme of talks, speed-mentoring and one-to-one advice sessions; there were 13 Business & IP Centres participating nationwide, where more than 720 individuals attended the day.

With an all-day line up of talks, our speakers in London covered everything from how to understand the UK market right now (Mintel market intelligence analyst Jack Duckett explained the latest trends) to becoming a successful entrepreneur and key strategies to employ when starting your own business (as experienced by Tangle Teezer ex-CEO Matt Lumb). The priceless advice our twelve speakers shared with the audience throughout the day was also live webcast, so you could tune in from anywhere in the world to watch... and listen!

Start-up Day

Our audience didn't just listen, they also had the opportunity to engage in interesting discussions with the speakers

But that's not all: speed mentoring sessions with experts from Santander, Mintel, Google, Intellectual Property Office, Companies House and more covered practical aspects of setting up and running your own business, preparing attendees for the grit behind the glamour of entrepreneurship. To further empower current or future entrepreneurs, we also ran one-to-one advice sessions and tours of the Business & IP Centre itself, making the third edition of Start-up Day in London our busiest yet.

Business & IP Centre Sheffield

Sheffield on brand with Start-up Day decorations!

This is the second year Start-up Day has taken place across the National Network, allowing local entrepreneurs to be part of the presentations and talks at each regional centre, as well as the attendees being able to watch live broadcasts from London, all for free, as praised by one participant, “Left feeling so lucky and grateful to have access to this free information. Thank you for all your hard work organising this!”

Three Rivers Gin at Business & IP Centre Manchester

Three Rivers Gin at Business & IP Centre Manchester’s Start-up Day

Of the attendees up and down the country, 40% were planning to start up a business and 39% were either self-employed or the owner of a business. The majority of people said that lack of finance and the business idea itself were the main reasons behind them not starting a business in the past. A fifth of respondents stated that making a difference was the main motivation for wanting to start a business, with being their own boss and having a better work/life balance also high on the list, one attendee said “Superb event, kind people… after two years as a carer this event has given me many ideas - but mainly hope for my future.”

Start-up Stars Liverpool

The Women’s Organisation’s Cynthia hosting a panel of Start-up Stars, including Natalie and Jeni from SIREN, Sarah from SLMC Consulting and Amy from Drone Factor at Business & IP Centre Liverpool.

Start-up Stars Hull

Dr Max Gowland from Prime Fifty, Terry King OBE from Chapter3, Ralph Keeton from Ghost Walks Hull, Vikki Johnson from Fusion Laser Cutting, Andy Steele from 360 Accountants, Rob Lewis from 54 Degrees North and Vicky Cartwright from Diva Cupcakes at Business & IP Centre Hull’s Start-up Day’s Start-up Stars.

If you missed this year’s Start-up Day, all speakers’ videos from London are available on our YouTube channel and our blog with our top tips is available to read. To see all of our upcoming events and workshops, visit our website.

28 September 2018

Top tips from Start-up Day 2018

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Activities in 17 libraries around the UK. 101 business events delivered. More than 1,000 attendees across all locations. Webcast around the world. Start-up Day, in collaboration with Santander, once again proved to be a huge success. 

With a full day’s worth of events, there’s a lot of information and words of wisdom to take in from each speaker. Need a recap of what was said? Missed a crucial top tip? Want to relive it again? Or if you missed it, we’ve compiled all the videos of the speakers in this post, along with a key take away tip from each...



Top tip from Mintel senior consumer lifestyles analyst, Jack Duckett: Consumer confidence is on a growth trajectory, meaning there are opportunities for brands to grow.



Top tip from Google Digital Garage's Chami Coomasaru: Set yourself goals, think how you want your brand to be perceived and choose the platforms which are appropriate for your business.

Top tip from author and motivational speaker, Anis Qizilbash: Steep in your purpose... your success does not mean another person's loss. The more you make, the bigger impact you create.



Top tip from public speaking coach, Elaine Powell: [Your pitch] is never going to be perfect. Always ask for feedback and take your performance to the next level, and the next level, and the next level. Never give up, it's a journey, not an end destination.

Top tip from author, motivational speaker and business coach, Rasheed Ogunlaru: [Networking] online is the window to your world, meeting people in person is the door.



Top tip from former CEO of Tangle Teezer, Matt Lumb: Don’t try and do the 80 hours a week thing. You will burn out. Try and get that balance as you scale.



Top tips from:

Precious Jason, founder of Etieno Skincare: Being in business you have superhero days and you have days which are not so great… Be kind to yourself. 

Rebecca Slater, founder of Shine Creative Solutions: Believe in the idea you’ve got and to try and plan out the three most important things you need to get right.

Amy Fleuriot co-founder of Hiro + Wolf and Artisans and Adventurers: Don’t expect it to happen overnight. If you’re having to work alongside it, that’s ok… Just keep at it.

 

Start-up Day 2018 was in collaboration with Santander. To see our events throughout the year, click here.

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19 September 2018

Start-up Day: Meet the Speakers

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With Start-up Day fast approaching, here's an introduction to a few of the speakers who will be giving their expert advice on the day.

How to understand the UK market right now
Jack Duckett
@mintelnews

Jduckett@mintel Headshot (B&W)

I am the senior consumer lifestyles analyst at the market intelligence agency Mintel, and I am very much looking forward to sharing my presentation with you.

My presentation has two goals; the first is to help you to get a better sense of the breadth of Mintel research that you have access to at the British Library and the network of libraries around the country. The second is really to give you a sense of the important role that we believe market research plays for businesses today.

For start-up business owners, it can be taken as a given that you know your product and customers extremely well. But, when it comes to your Dragons’ Den moment, whether that be with your bank manager, an investor or a retail buyer, market research can provide the information you need to support your brand and help it to stand on its own. The second core benefit to market research is in helping you to know where to go next with your business, enabling you to see what is changing in your category and helping you to be prepared for the future.

How To Build an Authentic Business Network
Rasheed Ogunlaru
@RasheedOgunlaru

Rasheed Image 1

“Networking, love it or hate it, building a genuine network, is vital in starting and growing business.” says Rasheed. “This session will help session will help you network strategically, effectively, authentically and nerve free.”

Rasheed’s top three quotes and tips on networking and building an authentic business:

  1. Always have something shrewd to say and valuable to bring to the table
  2. Your online, website and social media presence are the window to your world - meeting people in person is the door
  3. What people feel and say about you when you leave the room is your job while you’re in the room.


How to be an entrepreneur
Matt Lumb
@mattlumb1

ML headshot

During Matt’s seven years at Tangle Teezer he transformed the brand from being a “Dragon’s Den reject” to one of the fastest growing companies in the UK and a household name. Matt talks openly about the challenges he and his team faced whilst trying to manage exponential growth overseas growth, UK manufacturing capacity, the importance of IP as well as copycat and counterfeit issues and the grey market. The Tangle Teezer story is a fascinating one as he took it from a start-up to having a valuation of £200M inside five years.


Start-up Stars: How I turned my business idea into a reality

Amy Fleuriot
@hiroandwolf
@artisansandadventurers

Amy Fleuriot

Starting your own business can be an equally exciting and daunting time. I founded Hiro + Wolf five years ago with my wonderful business partner, Bee Friedmann and we have learnt so much on our journey. What started as an accessories brand for people and their pets has grown into two distinct businesses as we launched Artisans & Adventurers two years ago with the help of the British Library. My expertise include design, branding, marketing, ethical sourcing and everything that goes into the day to day running of two shops, an online store and wholesale business. I am looking forward to hearing what challenges new businesses are facing and hope I can offer some advice on the start-up stage.

For more information on Start-up Day, to see which libraries are involved around the country and to sign up to the webcast, visit our website.

26 April 2018

IP Corner: Happy World Intellectual Property Day!

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April 26th 2018 is World Intellectual Property Day. “What?” I can hear you asking, why should there be a special day to celebrate Intellectual Property? Well, stop for a minute and take a look around you and I can guarantee that, whether you realise it or not, you will be surrounded by Intellectual Property.

Like the book you are reading (e-book or otherwise!), the iPod or MP3 player you are using to listen to music, the music itself, even the clothes you are wearing, every product or service we use in our day to day lives is the result of innovation. These innovations may be big improvements in function, or small changes in design that alter the way a product looks, either way these improvements will generally be protected by Intellectual Property (IP).

Intellectual property (IP) is like any other piece of property and the owner of the intellectual Property rights controls what if anything happens to those rights including who can benefit from the work or from the investment the rights holder has made into the creation of the product or service.

So how does this affect you and your business?

Whatever business you are engaged in it is very likely that you are using and probably even creating a large amount of IP and, if you want to get the best possible commercial results from its ownership, you need to think about the steps you need to take to protect, manage and indeed enforce your rights.

  • Protect – register your IP rights where possible.
  • Manage – keep a record of all the IP you have and any IP that you license from third parties. Ensure renewal fees are paid and licenses are up to date.
  • Enforce – as the rights holder it is your responsibility to keep an eye out for any IP infringement and to take action to stop it. If you do not intend to enforce your IP rights then perhaps you need to reconsider whether or not you should register your rights.

So let’s look at each form of IP in turn;

2000px-RegisteredTM.svgThe first piece of registrable IP most businesses will have is a trade mark. Trade marks are used to indicate the origin of goods or services. They may be symbols, words, colours or even a combination of these, the choice is yours, but whatever the makeup of your trade mark it needs to be distinct enough to allow consumers to identify your products or services from those of your competitors.

As well as standard trade marks there are several other types of mark such as Collective marks, used to distinguish the goods and/or services of members of a particular association, or Certification marks, given for compliance with defined standards to anyone who is able to certify that their products meet certain standards e.g. ISO/TC 181 Safety of toys.

Trade marking is not to be approached lightly as your trade mark is likely to be one of your most valuable business assets.

Copyright-symbolNext, Copyright. Most of us when we think of copyright we think of books, music, films etc. but copyright will also exist in your website, the flyers or brochures you may produce for your business, the menus for your restaurant or café. All of these, provided they are your own original work or you have a license to use them if they were created by a third party, will be protectable.

Mark all of your original copyrighted material with the copyright symbol ©, the name of the rights holder and the year of creation, e.g. © British Library 2018.

If you are a designer then registered designs are probably something you should consider as registered designs protect what it is that makes an item attractive or appealing to its intended market. As the holder of the registered rights you will be assured an exclusive right to the design and thereby protection against unauthorised copying of the design by third parties.

PatentedFinally, Patents (this is the biggie!)

A patent is an exclusive right granted for an invention. It provides patent rights holders with protection for their invention for a limited period, usually 20 years, subject to the payment of annual renewal fees. Having a patent for your invention means that your invention cannot be made commercially, or distributed or sold without your written permission. You get to decide who may or may not use the invention for the duration the period of protection. However, once the patent expires, after 20 years or if you stop paying the renewal fees, the invention will no longer be protected and will enter the public domain. Basically, it becomes available for anyone to use as they wish.

Probably lesser known, but just as important IP rights are Know How and Trade Secrets. Know How is the practical knowledge of how to do something, to get something done. This sort of knowledge will not necessarily be included in a patent for example, but will be necessary to finish the product, project or job. For examples of Trade Secrets; think of the Coca Cola recipe or the recipe for Irn Bru. These rights are not registrable and need to be protected using contracts and/or confidentiality agreements.

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This post just touches on the subject of IP really as a way of highlighting World IP Day and anyone thinking of using IP or making any financially crucial or business crucial decisions based on IP should speak to an IP Attorney. The website of the Chartered Institute of Patent Attorneys can help you locate an attorney in you local area via their website at www.cipa.org.uk . Most IP attorneys offer a free 30 minute one to one advice session.

Alternatively, you can visit your local Business and IP Centre (BIPC) for free, impartial, non legal advice. You will find a list of BIPC’s at https://www.bl.uk/business-and-ip-centre where you will also find our workshops, webinars and events you might find of interest.

A final comment; innovation through the years has shaped the world we live in, from the simple hand cast nail invented more than 2000 years ago to the invention of the wheel and the wheel and axle concept, from Gutenberg’s printing press to the telephone, the electric lamp to penicillin, all of these innovations have made our lives easier, better and more interesting and, hopefully, the inventors and innovators of our generation will continue the trend.

 

Maria Lampert, Intellectual Property Expert

01 December 2017

The Five Step Facebook Marketing Strategy

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Some companies seem to run their Facebook pages with so much ease. You know the ones; thousands of likes, fans tripping over themselves to be a part of the hot conversation…

… it makes you wonder what they are doing right, and what you are doing so terribly wrong!

Certain businesses are simply lazy when it comes to Facebook marketing. Perhaps they try a few posts, maybe no one replies and then they just give up.

Some business pages go totally the other way. Often sharing post after post with little thought as to what their audience is actually looking for. 

Facebook.jpeg

Perhaps it’s the familiarity of Facebook that makes it difficult to grasp. Many business owners use Facebook personally so it can be tempting to try the same approach on your business page that you use for your personal page.

Whatever the problem may be, we see countless examples of businesses with bad Facebook marketing strategies.

Despite Facebook feeling like second nature to some, there is still a large knowledge gap for small business owners when it comes to Facebook marketing. Often, they simply aren't aware of how much they could achieve with the platform - or how to use it effectively.

With 1.32 billion daily active users, Facebook is a channel you simply cannot afford to miss.

We’re going to talk you through some simple steps to get you up to speed with using Facebook for business. If you don’t already have a Facebook page, you will want to set one up first. 

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1. It all starts with a plan

You may have already adopted a haphazard approach when it comes to managing your business page: we’re here to put an end to this. By defining what you want to achieve, you have a greater chance of achieving success.

Goals

For someone who is new to Facebook marketing, it’s easy to get caught up in collecting likes and focusing on this as the primary measurement of your success. As exciting as it may be to gain new followers, this alone will not do a great deal for your business.

When you think about goals, extend your thoughts beyond Facebook. After all, the purpose of having a platform is to generate more interest in your business and drive traffic back to your website.

Here are some common goals for Facebook business pages:

  • Generating Leads
  • Increasing blog or website traffic
  • Building brand awareness
  • Providing customer service

Audience

Once you know what you want to achieve, begin getting to know your audience better. It’s important to know your audience; what excites them, what makes them share posts, what encourages them to get involved?

If you already have a business page, your Facebook analytics will help you get a good idea of which types of posts perform best. If you are new to Facebook, take a look at your competitor’s pages. What areas are they having success in? Find out what posts resonate with your chosen audience and you are already one step ahead.

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2. Share great content

Once you’ve set some solid goals and defined your audience, you can start planning what exactly you are going to share.

If your goal is to increase product sales, you may think that you’re Facebook page is going to be full of lovely product photos. Wrong. This kind of sales oriented page isn’t going to cut it on Facebook.

Yes, you want your audience to be wowed by your amazing products but you also need to give them a reason to follow you and trust you. Think about what else you have you got to offer them besides a great product?

Creating a broad mix of content is the best way to do this, mix your own content with other peoples, share a range of photos and videos as well as just blogs. This way you can then look at what works and what doesn’t and create a strategy that is targeted specifically at your audience.

 You want to be seen as an expert in your industry, someone who keeps their finger on the pulse.

And don’t forget: everything shared on your page should show your brand personality. (If you haven’t already set the tone for your brand, you should get that together immediately.)

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3. Get talking

It’s a good idea to focus on increasing engagement as part your Facebook strategy.

Engagement constitutes the number of individuals sharing, liking and commenting on your posts. Their doing so vastly increases the visibility of your posts and the visibility of your business on Facebook, as the platform prioritises valuable and engaging content.

Putting your content out there is only half the work. It’s a social network, the whole point is to get people talking. People need to be prompted and you may need to draw attention to yourself in order to be heard.

Ask questions about trending topics, share photos that spark a conversation, share customer stories and make sure that when people do engage with you, they get a reply. The buzz will soon die down if people’s comments are ignored.

This may be a slow process at first, but working out what does and doesn’t work for your audience, is the only way you will create that buzz and keep people engaged.

This leads me on to my next point.

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4. Track it, measure it, tweak it.

A lot of the initial work with Facebook is trial and error. Your audience is unique to your brand and as such, you need to work out what works for you.

Facebook makes it easy for us marketers to analyse what is working and what isn’t with its own dedicated analytics suite, Facebook Audience Insights.

Here, you can see exactly what is working on Facebook and what isn't. Are people getting fed up with all those news updates you thought were interesting? Do you receive a higher engagement with your blog shares than your product images?

Facebook Insights also gives you a breakdown of the specific times at which you get the most activity, this can help you figure out the optimal time to post for your audience.

When you work out what people are looking for, you can tweak what you share to increase engagement and increase the number of people taking actions.

This is an iterative process which can be made simpler by following the earlier steps. Defining what works early on can ensure you find your perfect content mix quickly

5.Give it a boost!

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Following the previous steps will help you get everything right in terms of what to share and how to encourage engagement. This gives you a better chance of getting seen - but it's by no means foolproof.

The problem we all face is a lack of visibility. Facebook estimates that only 16% of your fans see any one of your posts organically.

So how can you further increase your chances of being spotted? Paid promotion is the key.

You don't need a huge budget to start promoting your posts. A modest outlay can ensure your important posts are being given greater visibility.  Facebook even allows you to target certain demographics, set your daily budget and length of a campaign.

Promoted posts are a quick, targeted and effective way to reach more of your target audience.

However, if you want promoted posts you work, you will need to keep on top of them. Tracking and tweaking are vital to success.

If you follow the steps above and dedicate the time to tweaking and testing, it will help you increase traffic to your website and help to achieve your other goals, whether that be the sale of a product or even just collecting emails addresses for your mailing list.

If, like many, you are new to Facebook marketing following this simple and effective plan will get you started on your first campaign. Good luck and remember to keep at it!

Alasdair is a top marketing consultant who also runs workshops at The British Library.  For more advice, why not come along to one of Grow’s workshops at The British Library Business & IP Centre?

21 November 2017

Why in-person marketing trumps content and digital

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How to use events to market your business

Contemporary marketing talk is all about marketing automation, content and sales funnels. There’s a significant amount of value to be gained from streamlining your marketing and sales processes – but there’s one thing all these marketing tactics and strategies are aiming for: to get you in front of your potential customer/partner/lead.

Marketing is about relationships, and however fabulous your website and digital marketing are, you’re ultimately aiming to have a personal conversation with the right person to buy your product or service or build a partnership.

And that happens in person.

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In-person marketing is the future (as well as the past). As people increasingly hide behind their multiple work communication channels – email, slack, WhatsApp, Twitter, Instagram – it seems like it’s hard enough to get someone on the phone, let alone meet in person.

And that’s why events are the heart and soul of building an effective sales and marketing strategy.

You’re either at someone else’s event – as a speaker, sponsor, exhibitor or just plain participant – and if you’ve selected the right event they’ve brought your market to you. Or you host your own events – which needs careful and targeted marketing – and position yourself in the middle of your market sector and the business potentially comes to you.

Sasha Frieze, a visiting lecturer in Event Management at Westminster University, is leading a 3-hour Masterclass: How to use events to market your business at 10am on Thursday 30th November at the British Library Business and IP Centre in Kings Cross, where she will leverage her 25+ years’ experience in the events industry to walk you through 8 strategies to help you harness the power of events to market your business.

 

10 November 2017

Innovating for Growth: We Built This City

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We Built This City is a London-based business that specialises in selling unique souvenirs that represent the famous city. Their mission is to revolutionise souvenirs by giving London's artists and designers a platform to showcase their talents and provide customers with creative and long-lasting souvenirs. Having grown at an incredible rate at the very beginning, We Built This City quickly made its mark on the souvenir market but founder Alice Mayor was still ambitious and wanted more. With the help of Innovating for Growth, she was able to achieve her scale-up wishes and went from a pop-up to having a permanent home on Carnaby Street in London's trendy West-End. We caught up with Alice to talk a little more about her journey from idea to super success and how the Innovating for Growth programme helped with this.       

How did the idea for a new kind of souvenir shop in London’s famous Carnaby Street come about?

In 2014, London was still basking in the glory of the Olympics and had just become the most visited city on the planet with the annual tourist footfall figure at over 16 million. With so many international visitors heading to the capital for creative and cultural experiences, my lightbulb moment was riding past one of the many souvenir stores in London on the bus and thinking ‘surely we can do better than that!’

My overriding priority in bringing to life the concept of ‘Revolutionising London Souvenirs’ was to find the right location for the store. I really wanted to avoid a scenario where we had the very best artists & designers to represent but didn’t have the footfall to prove the operation a success.

As such, I was determined We Built This City should be established in the West End. I walked the streets on the weekends to try and identify the best location but each time got more fearful about the barriers we were going to face with rents and rates. At the end of what seemed like a very long 4 months, I finally tracked down a landlord on Carnaby Street.

I created a detailed pitch outlining my vision for the product, interiors, and marketing campaign. Within a matter of days, they offered a 2 floor - 3000 sq ft store on Carnaby Street with just one caveat… we had 3 weeks to bring it all together and would need to launch for Christmas!

  Alice Hi Res

What challenges has the business faced along the way?

The main challenge for us at the start was being a temporary pop-up shop and having to move stores over 6 times in 18 months. We were always moving to a new store on Carnaby, so location wasn’t the issue, it was just the sheer labour involved in moving shops and setting up processes all over again. Luckily we have an amazing team who stuck with us no matter how many times we told them we were on the move!

More general challenges are that at any one time we can be working with 250+ London artists, designers and makers - with so many partners and suppliers on the books the sheer volume of admin involved can be a daunting daily mountain to climb! It’s worth it though, to see so many artists represented and supported in store.

Lastly, our core mission is always to support London’s creative community to drive sales and sustainable careers in the city. Running the business from a prime retail unit in the West End isn’t always an ideal marriage as it can be difficult to achieve margins which are complementary to both scenarios. We wouldn’t change the exposure Carnaby offers our artists for the world though!

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What has been the business’s biggest achievement so far?

Our biggest achievement to date has undoubtedly been securing a permanent lease on Carnaby Street. We’re very proud to have made the transition from pop-up to a permanent retailer in one of the world’s most iconic shopping destinations in such a short window. A permanent unit for us has freed up so much resource and time to focus on growing the business. As a result, we’ve been able to grow the consultancy arm out to helping other London landmarks open including a major curation project for Battersea Power Station’s new Design Store.

Picking up awards for the shop along the way has been an unexpected and exhilarating experience too - when we were awarded ‘Best Shop in Soho’ by Time Out readers in our first year of trading, we spent the next week pinching ourselves!

What advice would you give to any small business owners thinking of going into retail and even opening a shop?

Having a unique point of difference is critical for a new retail brand or business - especially if you’re joining a competitive market (fashion, food etc.) You need to work out the one thing that’ll set you apart and work out how you can tell that to your customer at every part of the journey - and even before when selling the concept to a landlord, investor etc.

I would also highly recommend creating a pitch presentation to set out your vision and to share it with anyone who can help you make it happen. It’s easy to become scared of people stealing your idea, but I found it incredibly helpful to get early-stage feedback and access to new contacts - many of whom ended up becoming our artists, advisors, partners and even our shop team!

Lastly, really interrogate whether you need to open a physical bricks and mortar store at all and what you want to learn from even a temporary pop up shop. It’s important to establish your objectives early on and stick to them. My parting advice is to never romanticise the idea of a shop as it’s an unbelievable amount of work, money, and energy - and if you’re open 7 days a week the sheer volume of operations can easily leave you with little time to nurture the creative side of the business.

What are the challenges of growing a business and how has the Innovating for Growth programme helped?

When I applied for the Innovating for Growth course, I was really lacking the headspace to work ‘on’ the business - not just ‘in’ it. The programme has been indispensable in giving me the opportunity to stand back from the day to day and take time to start strategising from afar.

An invaluable learning from joining the programme has been the opportunity to look at all factors that contribute to the running of a successful business - not just those that are in your existing skill set or comfort zone! Deep diving into these elements with the guidance of the coaches, guides and guest lecturers on the programme has been invaluable to analysing the business’s strengths and weaknesses in equal measure.

The real take away from the programme for me though has been the opportunity to meet entrepreneurs at the same stage - going through the same issues, problems and being able to share advice. It can get lonely and especially tough when you’re scaling - mentors are great but it’s meeting and sharing with those sat next to you on the same rollercoaster that gives you that belief to keep building!

 

Innovating for Growth is a free three-month programme to help you turn your growth idea into a reality. Find out more here.

ERDF

This programme is fully-funded by the European Regional Development Fund and the British Library.

06 November 2017

How JustPark found a space in the market

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Global Entrepreneurship Week is fast approaching and we’re catching up with one of the panellists from our upcoming Inspiring Entrepreneurs: Question Time event, which is set to be the flagship event of this year’s Global Entrepreneurship Week at the British Library. Anthony Eskinazi is the founder of the car parking app JustPark, an amazing tool that allows drivers from all over the United Kingdom to choose from millions of available spaces quickly and simply using their smartphones. With 1.5 million drivers already enjoying the benefits of JustPark, we spoke to Anthony about how he did it.

1.The JustPark app promises drivers a hassle-free experience that also saves them money. It sounds amazing but how does it work?

It’s quite simple, to be honest with you. When creating the JustPark app, I really wanted to consider the thought-process of your average driver. From planning their journey to reaching their final destination, to eventually finding a parking space and paying.

As most drivers know all too well, parking can be quite a stressful experience when you’ve travelled a long distance to find out that you cannot park your car or have to pay an absolute fortune to do so. With JustPark we eradicate this stress by providing drivers with an easy to use app that finds available parking spaces depending on their location and distance settings. The app will also tell you whether space is going to be available and how much it will cost (if applicable). You can register via your Google or Facebook login and pay using Apple or Android Pay saving you time and taking less than one minute to log in, pay and have your parking space confirmed.

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2. JustPark has proven to be a huge success in the United Kingdom. Do you have any plans to expand internationally?

Yes, we do! The aim for us was to test the market in the UK and ensure that we had the right product and service before entering the international market. Since JustPark was founded, we’ve been able to develop a product that is efficient and really does solve a pressing problem for drivers across the world.  However, we strongly believe that the UK is one of the best markets for our service and therefore wanted to cement our position in the UK first before going anywhere else.

 

3. Did the idea for JustPark originate from a bad personal parking experience, or did you just spot an obvious gap in the market?

I would say both. It really stems from a frustrating experience I had driving with a friend in San Francisco when travelling to watch a baseball game. We arrived in good time for the game but ended up wasting a lot of time searching for a parking space. After searching high and low for space and not having too much luck doing so, I thought about asking a homeowner who lived nearby to the stadium if we could pay $10 to park in their driveway. I didn’t do it but the idea for JustPark had been born.

I knew that this was a common theme at events in the UK, especially focused on major events such as Wimbledon, where people would rent out their underused parking spaces. The big difference for me is that the gap was really in the online transactions market, which would make life much easier for drivers, taking away the hassle and guarantee a stress-free experience.

Anthony Eskinazi - JustPark

4. With the tech industry constantly evolving at an incredible speed, how do you ensure JustPark stays ahead of the competition?

In an industry like ours, it is very important to continuously invest in research and development. We make sure that the team are up-to-date with the latest technologies and able to learn and develop their understanding of what is happening in the technology and parking industries. It is vital that all of us are involved in this process as it allows us to share knowledge and continue to be at the forefront.

 

5. Having founded JustPark and seen it grow into a huge success, could you see yourself doing it all over again with a new company?

As things stand I am really enjoying the work I’m doing with JustPark and haven’t thought too much about what comes next. I’ve started investing in interesting high-growth tech start-ups to help me understand different sectors.  It would be exciting to try something new but we’ll just have to wait and see.

 

6. If you could give a young Anthony some advice, what would it be and why?

My first piece of advice would be to have fun and make sure you don’t miss out on life’s enjoyable moments. I think it’s easy to get caught up with your business and forget that a new feature or opportunity is likely to still be there tomorrow. Relationships with close friends and family are important. These are the people who will build you back up and give you a hug after a knock-down and cheer you from the rooftops when things are going well. It is important to find a work-life balance that works for you. Becoming an entrepreneur is a lifestyle, not a career choice.

The second piece of advice would be to work with other people. It makes the entrepreneurial experience much more enjoyable and although you may have to share a piece of the pie, you will benefit from the shared knowledge, experiences and ideas. You don’t have to do it alone!

If you’d like fire some of your own questions to some of the UK’s top entrepreneurs during Global Entrepreneurship Week, don’t forget that the Business & IP Centre will be hosting Inspiring Entrepreneurs: Question Time on Thursday 16 November. See you there!

30 October 2017

National Mentoring Day – Ken J Davey speaks about his experience on mentoring

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Ken 2

 

In light of #NationalMentoringDay last Friday 27 October -  we reached out to our network of successful business owners who have tried their hand at mentoring others within the business and corporate realm. Mentoring has many benefits to all involved, and Managing  Director, Ken J Davey shares his first-hand experience of being a mentor and gives some insight into the benefits of mentoring.

Ken is the Managing Director of  Smarter Business Mentoring -  which draws on extensive commercial and financial knowledge and experience from Corporate and SME operations, to support and encourage business managers and owners to grow, develop and succeed in their sphere of business.

In addition, he is also the Managing Director of Original & Distinctive Limited and  a company that specialises in providing quality, niche premium artisan drink products from small producers to up-market hotels & restaurants, wine bars & private member clubs; select wine merchants & specialist shops as well as private clients

We share some insight into Ken’s experience as a mentor;

 

What drew you to become a mentor?

Mentors can provide answers to questions and suggestions that can make a big difference when it comes to navigating the business world. Having benefited on several occasions from being mentored, I was keen to return some of that value and, mentor bright and determined people on their journey through the world of work, from Start-ups to Corporates.

 

What benefits have you seen from mentoring, from both sides - yourself and the mentee?

Sharing my business experience to support and encourage a mentee to grow, develop and succeed, was critical to building trust and giving a mentee confidence and encouragement because someone else had ‘been there before’! This meant that without being a subject expert, I could legitimately challenge the mentee on any aspect of their thinking or strategies, thus opening their mind to a wider view of both themselves and their business. It also gave me, as the mentor, greater insight into the value of my anecdotes and business experience as valuable tools to help others.

 

Have you ever been mentored yourself?  (If so what was the experience like)

On several occasions, I have had the benefit of being mentored. This challenged my thinking and my business strategies, which allowed me to have a wider perspective on issues, while also encouraging me to have a better understanding of ‘why’ I pursued certain strategies and, what the consequences of the various outcomes might be.

 

What is your top piece of advice for someone looking to become a mentor?

If you are looking to become a mentor, then having the willingness to share your business experience (good and bad) to support and encourage individuals to grow, develop and succeed, will be key to a successful mentor/mentee relationship.

 

How important would you say mentoring others within the business realm is?

Mentoring others within the business realm is considerably important. At KPMG, I was often responsible for developing teams in virtual and entrepreneurial environments. This would include both business development training and mentoring key individuals, including making valuable connections in the business world. Networking is vital for climbing the corporate ladder, so seeing individuals ‘grow and shine’ through mentoring was very satisfying, while it also contributed to the development of the Firm’s professional resource pool.

 

What was your experience with the I4G programme like and how did it help you with your business?

The Innovating for Growth programme provided a wealth of expertise and advice for my business, Original & Distinctive Limited, which otherwise would not be available to me. The programme covered nearly every aspect of running and business and the combination of 1:1 and group workshops enabled a balance of views and discussions, which were most helpful. I was able to take a helicopter view of my business while also having experts challenge the status quo of, and provide incisive advice for, my business.

Shortly after undertaking the Innovating for Growth programme, when our brand was Smarter International, we rebranded to Smarter Grower Champagne - as a direct result of the Programme.  A year or two later, and building on incredible depth of learning from the Programme, we undertook an in-depth strategic exercise that not only led to our third rebranding to Original & Distinctive, but also, building on the new ideas and objectives from the Programme, put in place an innovative and disruptive approach to the UK drinks market, that is underpinned by a strategy to manage the supply chain as a single entity, in order to generate: lower costs, higher quality, better customer service and, higher returns for the organisation, its suppliers and, its investors.

National Mentoring Day offers the chance to celebrate mentoring and appreciate the fantastic work that mentors do throughout the world. We hope you take part in the array of international events and networking that will be taking place.

The Business and IP Centre runs daily workshops as part of the Innovating for Growth programme from an array of expert industry leaders who offer some insightful knowledge and brief mentoring session at the end of their workshops.