Advancement through Enterprise: Contemplations on the Adventure in this way

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Advancement through Entrepreneurship: Thoughts on the Journey so far U N I V E R S I T Y O F W A L E S I N S T I T U T E, C A R D I F | A R T H R O F A P R I F Y S G O L C Y M R U, C An E R D Y D

Professor David Brooksbank Director of Enterprise Cardiff School of Management U N I V E R S I T Y O F W A L E S I N S T I T U T E, C A R D I F | A R T H R O F A P R I F Y S G O L C Y M R U, C An E R D Y D

Entrepreneurship Policy U N I V E R S I T Y O F W A L E S I N S T I T U T E, C A R D I F | A R T H R O F A P R I F Y S G O L C Y M R U, C An E R D Y D

THE ENTREPRENEURSHIP ACTION PLAN FOR WALES

Why Develop Entrepreneurship? A relentless hole between the levels of success in Wales contrasted and those of the UK. Gross domestic product per head in Wales is 82.4% of the EU normal, however in a few sections of the nation it is underneath 70%. Grains has the second most reduced week by week profit in the UK The birth rate of new organizations in Wales contrasted with the current supply of business was no less than 30% behind the UK. Grains loses organizations at a speedier rate than the UK .

Why Develop an Enterprise Strategy? No general business enterprise system to guarantee a coordinated way to deal with the conveyance of such activities Low impression of chances for new companies among the overall population Little impetus to empower ambitious conduct Limited entrepreneurial instruction and preparing Funding for business bolster activities was transient without co-ordinated dispersal of best practice Business bolster administrations were divided and had restricted entrepreneurial substance There was no consistency of checking or evaluation of effect of activities crosswise over Wales

Recognizing THE OPPORTUNITY CHALLENGE Develop an Enterprise Culture Change states of mind towards business enterprise. Insert business through entire instructive process Widen the skylines of potential and genuine business people Stimulate entrepreneurial conduct inside groups CREATING THE ENTERPRISE GOING FOR GROWTH CHALLENGE Create more new companies and more organizations with development potential CHALLENGE To expand the number & extent of indigenous firms that develop to maximum capacity A co-ordinated national program of start-up bolster in light of 'best practice', that mirrors the real kind of bolster required by the diverse sorts of business. Particular activities in regions of subsidizing and counsel which are customized to the particular needs of development organizations The Entrepreneurial Pathway

Recognizing the Opportunity THE CHALLENGE To make a more prominent attention to the open doors and prizes of enterprise keeping in mind the end goal to urge more individuals to begin a business or to develop the business they are in, and to build up a more noteworthy entrepreneurial culture inside our establishments, groups and organizations.

Where are we? Just 4% of a late survey of 1,000 grown-ups in Wales portrayed themselves as a business person Only one in eight grown-ups in Wales know a business person actually and one in five might want to be a business person Richard Branson was named by more than 30% as the most renowned business person. Terry Matthews was the main Welsh individual said, however by under 1%. The main ladies named were Anita Roddick and Linda McCartney Reasons for individuals not wishing to end up a business visionary were, 'I'm excessively old', 'it's excessively distressing', 'excessively hazardous', lastly 'I'm not made that way'.

Where would we like to be? Need to raise the comprehension of business enterprise and cultivate a culture of innovativeness, opportunity and business enterprise similar to the standard and a positive life-choice inside Welsh society. Grains needs to make a domain where, through the right support and consolation, all individuals have measure up to chance to wind up business people. Entrepreneurial instruction projects ought to be viewed as a key part of the improvement of a business enterprise culture. Group endeavors ought to be cultivated to go about as a scaffold for those in impeded territories to return into standard monetary action.

How would we arrive? To change states of mind in Wales towards enterprise by a constant National Awareness Campaign, introducing business and business as positive life-choices Embed business training all through the entire instructive process Widen the skylines of potential and real Welsh business visionaries, presenting them to new thoughts and openings and giving them the chance to "taste" business. Animate entrepreneurial conduct inside nearby groups all through Wales, empowering investment from all parts of society.

Creating the Enterprise THE CHALLENGE To make a more prominent number of maintainable new companies in Wales with potential for further development, especially by under-spoke to gatherings of society, for example, ladies, the youthful, Welsh dialect speakers, ethnic minorities and resigned laborers.

Going for Growth THE CHALLENGE To build the quantity of private companies in Wales that develop, in this manner making riches, work and opportunity

Entrepreneurship Policy UK Action Plan EU Green Paper Etc. U N I V E R S I T Y O F W A L E S I N S T I T U T E, C A R D I F | A R T H R O F A P R I F Y S G O L C Y M R U, C An E R D Y D

Entrepreneurship U N I V E R S I T Y O F W A L E S I N S T I T U T E, C A R D I F | A R T H R O F A P R I F Y S G O L C Y M R U, C An E R D Y D

Entrepreneurship Reality U N I V E R S I T Y O F W A L E S I N S T I T U T E, C A R D I F | A R T H R O F A P R I F Y S G O L C Y M R U, C An E R D Y D

NEW BUSINESSES CREATED IN WALES IN PAST 2 YEARS ART AND DESIGN - CREATE ART WORKS FOR BUSINESSES AND TAKE DESIGN CONTRACTS BED AND BREAKFAST REGISTERED CHILDMINDER. Tyke MINDER SOFTWARE DEVELOPMENT TRAINING IN BUSINESS AND LIFE SKILLS REPAIR HEAVY CONSTRUCTION PLANTS CATERING EQUIPMENT ADVISER INDEPENDENT FINANCIAL ADVISOR, BOTH TO BUSINESS AND PERSONAL ENTERTAINMENT – PARTY Organizer PICTURE FRAMING & RESTORING

UPHOLSTERY SERVICES GAS INDUSTRY FITTER HAIRDRESSER SALON PROPERTY DEVELOPMENT HAULAGE ROAD FURNITURE REMOVAL BUSINESS CHILDREN INDOOR PLAYGROUND PROFESSIONAL SERVICE MANAGEMENT SERVICES ONLINE COMMUNITY BUSINESS PRINTING BUSINESS, LOW VOLUME STATIONARY PRINTING BUISNESS CARDS AND LETTERHEADS RESTAURANT ITC SERVICE BUSINESS/REFREGERATOR REPAIR/ENERGY SURVEYS ANGLING SUPPLIES/RETAIL. Building CONSULTANCY DESIGN OF AUTOMATIC ASSEMBLY MACHINES E.G WEBDESIGN OF MOBILE PHONES RETAIL FRANCHISE BUSINESS

CHARTERED ACCOUNTANTS PRACTICE TRAINING AND DEVELOPMENT BEAUTY BUSINESS, TANNING SALON ACCOUNTANCY FIRM SELLING AGENT; SHE''S SELLING ANTIQUE FURNITURE; WHOLESALE FOR SPECIFIC CLIENTS DRIVING INSTRUCTOR STOP MOTION ANIMATOR (E.G. WALLIS AND GROMMIT). LORRY DRIVING, CONCRETE DELIVERY CONSULTING ENGINEER IN ELECTRICAL DESIGN, CHILD MINDER FROM HOME FARMING BEEF ARABLE LAND ENGINEERING PRESSURE VESSELS FARMING, BUYING AND SELLING LIVESTOCK, SHEEP AND CATTLE. Equipment RETAIL COMPANY GROUND CARE MAINTENENCE HARDWARE (SELLING BUSINESS) PROPERTY INVESTMENT

EXPORT CONSULTANCY CONTRACT CLEANING-SERVICE INDUSTRY CONSTRUCTION INDUSTRY, PLASTERING CONTRACTS PLASTERS HOUSES AND FLATSS CONTRACTING, AGRICULTURE CONTRACTOR MOBILE HAIRDRESSINGANTIQUES/ANTIQUES DEALING//DISCOUNT REATILS IN ELECTRICALS AND HOUSEHOLD ITEMS RETAIL IN DISCOUNT ELECTRICALS AND HOUSEHOLD ITEMS HAIRDRESSER ELECTRICAL CONTRACTOR MANAGMENT ACCOUNTANCY BUSINESS. Gives A CONSULTANCY SERVICE'' A PUB COOK SHOP, POTS AND PANS KITCHEN ACCESIRIES. Lodging FIT GRAB RAILS AND RAMPING FOR DISABLED TRAINING AND ASSESSMENT FOR THE FORESTRY INDUSTRY LAND MANAGEMENT RIDING STABLES

HUMAN RESOURCES CONSULTANCY, OFFERS HR ADVICE ELECTRICAL ENGINEER, MOSTLY WORK FOR LARGE BUSINESSES. PAINTING AND DECORATING MOBILE AUDIO RECORDING IT SUPPORT AND CONSULTANCY PUBLIC HOUSE AUTIONERING OF LIFE STOCK SPORTS RETAIL, IN PARTICULAR, SELLING SNOWBOARDING EQUIPMENT CONSTRUCTION TECHNOLOGY PROVIDER INTERIOR DESIGNERS SOLICITORS PRACTICE VEHICLE AIR CONDITIONING CAFÉ SELLING ORAGNIC PRODUCTS HELATH CARE COMPUTER MAINTANCE MARKERTING MERCHANDISING GOODS TSHIRTS BRANDED GOODS SELLING TOWN PLANNING CONSULTANCY MUSIC LESSONS

GRAFFITI REMOVAL BUSINESS CHILD CARE INTERIOR CONTRACT/CARPET AND FURINTUTRE HAIRDRESSING BED AND BREAKFAST PRIVATE PRACTICE Counseling AND PSYCHOTHERAPIST CATERING-SUPPLY OF FOODSTUFF. Bar RELATIONS AND MARKETING 3D GRAPHICS, GRAPHIC MEDIA, GRAPHIC DESIGN ARTIST CONSTRUCTION DOMESTIC FLOORING COMPANY ARTIST, LANDSCAPE, DESIGN, GALLERY COMMISHON FREELANCE ARTIST, SPECILISES IN LANDSCAPES, AND PRODUCES WORK FOR GALLERIES AND DOES COMMISSIONED PAINTINGS CONSULTANCY CONSTRUCTION INDUSTRY. Site FACE TO FACE NETWORKING NURSERY FOR PLANTS SATELITE AND AERIALS IT MANAGEMENT CONSULTANCY

MAGAZINE PUBLISHING BUSINESS RECRUITMENT STONE MASONARY MAGAZINE DECORATING COMPANY FARMING - ANIMALS STRUCTURAL ENGINEER LEASING AND FINANCING BUILDERS BUSINESS CONSULTING TV PRODUCTION COMPANY WASTE MANAGEMENT TOURIST ATTRACTION - FARM COMPUTER SERVICES HOTEL POTTERY AUTO ELECTRICAL

MARKETING CONSULTANCY BUILDER MORTAGE BROKERS NAIL TECHNICIAN IT SUPPORT FOR SMALL TO MEDIUM SIZED BUSINESSES FARMING AMUSEMENT CATERING BUILDING COMPANY HAULAGE CARPENTRY BUSINESS LETTING FLATS PHOTOGRAPHY DESIGN MOTOR RACING - BUILD AND HIRE OUT RACING CARS HAIRDRESSING CONSTRUCTION AGENCY FOR OPERA SINGERS, PROMOTE SHOWS SELLING TICKETS AGRICULTURE: FARMERS: COWS FOR MILK & SHEEP FOR LAMB

SECURITY AND PROTECTION BUSINESS PAINTING AND DECORATING MANUFACTURE OF JOINERY PRODUCTS BUILDING NEW DEVELOPMENT FARMING MOTER MECHANIC SOLICI