Supporting Entrepreneurial Skills Matrix (SESM) - C5
This session recognises the need to plan and develop a strategic approach to business start up and outlines the components of strategic management. It also isolates 'focus strategy' as an appropriate route for small businesses to take during start up.
Where can I find the right people to aid the business?
"Sometimes you can fall into contact with the right people through friendships I recognised that my now business partner was excelling in his field and saw that he was a talented individual this led me to think about what skills I could add to the mix in a business context."
(Tom Savage Not for profit organisation)
"When I first started the business I couldn't afford to pay freelancers to translate for me. I asked around at university and a number of students were keen to work for me; to improve their own CV's.
I had run the business full time during the summer of my second year and the business had really taken off. However I realised that my university work load was going to increase and I didn't want the business to suffer by disappointing clients. I asked an old friend to become a partner.
As the business grew I had to recruit more people. I got involved with the 'Step project'. Its purpose is to help students find placements and jobs. The project paid for the extra resource and provided the company with a lump sum for taking part.
I also tried to recruit staff via the 'Quercus Project.' The purpose of the project was to place graduates from European countries into surrounding countries."
(Daniel Rajkumar translations)
