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In response to: What are the characteristics of High Growth businesses? #HGPoll

adrian viles [Visitor] ·
Agree with the list. One feature I nearly always find in a high growth MD is a concern that he/she or the company is not as good as the competition, almost an inbuilt fear of being second, which drives them on to improve.
PermalinkPermalink 03/27/12 @ 06:55

In response to: Think Big and Think Global

Tim Hiscock [Visitor] ·
Congratulations on your success, and hoping there will be much more to come!

So many businesses can benefit from exporting, it isn't all about ports and freight as you rightly say. I am concerned that exporting is presented in such a staid and incomprehensible way that a lot of businesses with tremendous potential are put off the idea of trading internationally altogether.
PermalinkPermalink 04/28/11 @ 09:48

In response to: High Growth Vs High Business Birth Rate

Mike Chitty [Visitor] ·
I think you are focussing on the network around the entrepreneurs Colin when you talk about enterprise ecology. I am talking about the culture in a community that teaches people that they can stick their necks out to make things happen, and that they will be supported, long term, by people who have a real interest in the community (not just hired hands delivering policy led projects) who really know how to help.

This creates an environment in which more people find themselves in the position where they can have a realistic shot at pulling off something exciting - whether that is a business, a campaign, a festival or whatever. Enterprise of all sorts is a natural by-product of a competent community and people with oomph. It is these preconditions that we should be targeting - not 'start ups' and 'high growth'.
PermalinkPermalink 04/01/11 @ 12:42

In response to: High Growth Vs High Business Birth Rate

Colin Bell [Member]
Thanks Mike

I don’t agree that a focus on High Growth and High Business Birth rate policies are foolish – they are both critical. I do however agree that policy and implementation has to consider enterprise ecology.

Enterprise ecology is a topic that I have been thinking about a lot lately. I am currently working with many businesses who have experienced high-growth and one thing comes across, although most have good business/entrepreneurial skills, external factors that they have little or no control over have a huge bearing on their success.

In Gladwell’s book Outliners, he looks into the ecology of individual success. It’s a thought provoking read which illustrates that you have to be good ‘enough’ (not exceptional), practice lots and be in the right place at the right time. The most interesting thing about his book is that it is not easy to bring all these things together, with factors such as culture, the date you were born, the economic situation, the resources available to you, the people you meet, the ‘by chance’ opportunities presented etc….. all having an influence and more often than not being outside the control of the individual. I think that the same is true for businesses and that ecology has a huge influence on their success and survivability.

So what can we do….

The reality is that the ecology surrounding those who achieve high growth is too complex to replicate. This is why picking winners is difficult. You can however work with the people who have the aspiration to grow or the people who are growing but struggling to manage. Growth can be a major contributor to business failure if not managed – this is normally down to ecology being ‘out of balance’, for instance the market is rapidly growing but the owner manager has had little ‘practice’ at running a business. In such circumstances 1-2-1 support is invaluable. This requires a focus on the whole person, taking time to understanding their environment, what has shaped them, what has influenced them and how we can help create the conditions in which enterprise can deliver real and lasting impact.

It also draws on the fact that the effect of education and communities is critical in shaping people e.g. the ecology of some communities will present superior opportunities for individuals to practice and access resources.
PermalinkPermalink 04/01/11 @ 11:44

In response to: High Growth Vs High Business Birth Rate

Mike Chitty [Visitor] ·
The truth is that both are equally foolish policy goals. We simply can't pick winners/high growth, and as Drucker said you can't have the mountain top without the mountain. High growth businesses emerge from a strong and vibrant enterprise ecology. Focus on building the mountain and the top will look after itself.

But don't build the mountain by rushing to increasing the start up rate. Too often when we do this we just increase the failure rate too and that undermines aspiration and confidence. Start fewer businesses, but make sure they are good ones, team starts, well thought through and researched. Get survival rates into the 90%s after three years. Not just survival, but successful. Allow these small but significant success show the way to others.

So set up a broad enterprise ecology - lots of people with ideas and the confidence to act on them (not just about business) and networks that know how to support their members. Discourage business start-ups so that we get fewer but stronger new businesses. Let word of mouth do the rest.

PermalinkPermalink 04/01/11 @ 09:04

In response to: Stoke needs an enterprise revolution

Adrian Davies [Member]
Great comment from D Allen. Communities have a critical role. An enterprise revolution won't happen with a top-down approach. All aspects of our local society need to understand the issues, but more important the possibilities.
PermalinkPermalink 12/07/10 @ 22:39

In response to: Stoke needs an enterprise revolution

D Allen [Visitor]
For me it is all about community resilience – communities need to take responsibility for their own future because no one else will unless there is a profit in it. We have great possibilities now to shape our future esp. in Stoke with large areas of derelict land – to create enterprise even grow more food. What we need is to develop the ideas to enable people to take control locally and be enterprising. I see the WEA are thinking of courses around sustainability - which fits in with the enterprise revolution. I do see in Stoke great possibilites within the Social Networing community - this is expanding greatly in this area...... a revolution is happening - lots of ideas which can become enterprise.....

I guess the seeds needs to be sown – open peoples eyes to concepts first then show what communities and people can do! I guess this fits in with Big Society too essentially communities having greater say and action in their area – but how – we need places to meet and access to resources…… ideas..

PermalinkPermalink 12/07/10 @ 10:39

In response to: Potteries Pound is launched

D Allen [Visitor]
Great to see - thankyou for developing these ideas locally!
PermalinkPermalink 12/07/10 @ 10:27

In response to: Potteries Pound is launched

Adrian Davies [Member]
Keele University and Staffordshire University have confirmed that they will support the Potteries Pound. This is great news and means that we are one step closer to making this a reality.

The Intention is that the Pound will be used to target priority areas and the Universities will likely accept them to pay course fees. The universities are looking at potential supply chains now that could benefit from the approach.
PermalinkPermalink 11/17/10 @ 06:28

In response to: Potteries Pound is launched

Adrian Davies [Member]
There are some similarities with the LETS scheme. However, LETS is a form of mutual trading or bartering. The Potteries Pound is a currency scheme that will allow an organisation to receive the Pound and spend it with a different organisation.
PermalinkPermalink 11/17/10 @ 06:27

In response to: Potteries Pound is launched

Adrian Davies [Member]
Thanks, Steve. We are getting some great feedback and more-and-more people are getting behind it. Watch this space!
PermalinkPermalink 11/17/10 @ 06:23

In response to: Potteries Pound is launched

D Allen [Visitor]
Is this similar to a LETS ??
PermalinkPermalink 11/15/10 @ 16:24

In response to: In today’s economic climate, doing what you’ve always done could kill your business........

Bette Donalds [Visitor] ·
Hi, please tell us when all could see a follow up!
PermalinkPermalink 11/15/10 @ 06:19

In response to: It doesn't happen by accident, I have been working with a mentor!

Gordon Adon [Visitor] ·
Hey there, please do keep us posted when all can see a follow up!
PermalinkPermalink 11/15/10 @ 06:19

In response to: Potteries Pound is launched

Steve Grice [Visitor] ·
I think this is a great idea, and all local businesses should get behind this. I seem to remember that the town of Lewes got a great deal of publicity when they tried something similar a couple of years ago.
PermalinkPermalink 11/14/10 @ 21:58

In response to: In today’s economic climate, doing what you’ve always done could kill your business........

Kitchen Appliance Reviews [Visitor] ·
We are a group of volunteers and starting a new initiative in our neighborhood. Your site provided us with valuable information to help us get started|.You have done a marvellous job!
PermalinkPermalink 11/12/10 @ 23:06

In response to: Delivering More For Less - How To Stimulate an Enterprise Led Recovery

Payday Loans Online [Visitor] ·
Ain't the first commenter speaking the truth or what??
PermalinkPermalink 11/11/10 @ 14:22

In response to: In today’s economic climate, doing what you’ve always done could kill your business........

Payday Loans Online [Visitor] ·
Could you write another article about this topic simply because this post was a bit difficult to fully grasp?
PermalinkPermalink 11/11/10 @ 14:20

In response to: Enterprise - Do You Get It?

Tina Boden [Member]
As you say Rob enterprise is about new business, people wanting to make a difference to their lives which will in turn impact on those around them. Recent research as part of the Kauffman Foundation research series shows that in the States new starts account for more job creation than existing business - how true is that. A clear definition of enterprise obviously needs to be established and once again this falls under the question Enterprise - Do You Get It? and once again it goes to show policy makers just don't.
PermalinkPermalink 10/29/10 @ 13:02

In response to: Enterprise - Do You Get It?

Rob Weaver [Visitor] ·
I agree with this entirely.

I also think we need to challenge how 'enterprise' is defined. As far as I can see the Growth White Paper and LEPs have far more to say about 'enterprise' in the sense of big business, established business and inward investment.

'Enterprise' to me is about new business and also about showing initiative within business and the community at large.

New businesses create jobs. Big busineses cut in recessions. I am really cheesed off that G seems to equate private sector with big business.
PermalinkPermalink 10/29/10 @ 12:13