Work Experience: Day 1

05:00am - Wake, work out, shower whilst listening to radio


06:00am - Breakfast


06:20am - Walk Dogs


06:40am - Check Daily News in papers


07:00am - Social networking


07:20am - Check emails


07:40am - Get Ready


08:00am - Leave Home


09:00am - Business In focus - How to Start a Business


12:30pm - Walk by the Bay


13:30pm - Met up with my cousin a university lecturer


14:00pm - Late Lunch


15:00pm - Travel Home


16:00pm - Type up Notes


18:00pm - Social Networking


18:20pm - Prepare work clothes


18:40pm - Finish


Notes


HOW TO START YOUR BUSINESS 


Aims:- To discuss and explore some of the key issues in relation to self employment.


To provide an overview of these issues including: 

• Personal skills
• Network support
• Source of finance
• Legal aspects
• Business planning

WHO ARE BUSINESS IN FOCUS

Business in focus are a support company dedicated to helping businesses to start and grow.

EXPERTISE

• Mobile Business Advisors
• Senior Management experience
• Some advisors actually run their own businesses

B.I.F was formed in 1983 part funded by the Welsh government and most services are at no cost.

STATISTICS 

Independent research shows that support from enterprise agencies increases growth for businesses from 157% (unsupported) to 260% (supported). 


93% of businesses fail at the start of trading, 80% of the above is due to lack of planning 7% will survive without intervention.


Personal thoughts 

So the key here is to plan, plan, plan!

After today I learned that the younger you are when you start your own business the better it is for you, there are more grants available and more support.

There were a few people who I met (networked) with today, with some good business ideas however there was a student/graduate couple who stood out to me, and I think they will make the most money out of the whole room.  They are starting their own film production company and have just graduated from university.  The trainer/advisor looked quite interested in supporting them too, not that he wasn't interested in anyone else but I noticed a glimmer in his eye when talking to this couple, I think I saw dollar signs going off in his pupils. 

It was nice to know some of the worlds richest people started off small with nothing or little and made it big like Alan Sugar, Richard Branson and Anita Ruddock.  I also learned that currently the worlds richest person is the IKEA man Inkvar Kamprad.