Thursday 24th November 2005
Reviewing your business growth
Have you stopped to consider how you can work on your business instead of just in it? For the busy entrepreneur there never seems to be a right time but now students at LBS can help you to take the first step. Every term our students help a dozen or so growing entrepreneurial businesses to review their growth prospects. This is a requirement of their course Managing the Growing Business, which examines the common patterns of growth and how to anticipate, amongst other things, issues related to cash flow, staffing and professionalism. The output is a succinct, objective report reflecting your situation and offering insights to aid profitable growth. Testing Business Ideas
Each year London Business School students review dozens of new business ideas and prepare detailed business plans for real entrepreneurial opportunities. Whilst many of these are the students’ own, we frequently find our student teams need an idea from a third party on which to cut their teeth and complete a course project. So if you have a business idea that needs more work before becoming a reality why not contact us and see if there’s a team that can help? If the idea fits and the timing is right (based on our term times) then your idea could become a Feasibility Project (FP) or a Business Plan Project (BPP). An FP results in a rigorous assessment of the opportunity to decide whether the idea merits writing a full business plan. A BPP results in a detailed business plan, including financial projections that can form the basis for recruiting a team, raising money and persuading others about the idea. The initial work is free as it’s part of an academic requirement. Summer Entrepreneurship Experience
The Summer Entrepreneurship Experience (SEE) Programme is designed for entrepreneurial companies who need hands-on, great-value help as they grow. It matches up entrepreneurial companies with our brightest MBA students for summer internships that typically last from eight to 12 weeks. If you are a high-growth company with a need for a highly motivated and qualified extra pair of hands from the top business school in the UK at a low cost, then the new SEE may be right for you. Entrepreneurship Summer School
The Entrepreneurship Summer School (ESS) is a unique educational experience, designed to address all aspects of the opportunity assessment process through in-depth, mentored due diligence in a practical, field-based format. Participants are first- and second-year MBA students and recent alumni from LBS and elsewhere with business ideas to develop. Corporations or aspiring entrepreneurs with under-exploited technologies, or ideas they want to commercially validate or develop into ventures can also benefit. Jason Neale started a global broadband company delivering low-cost internet via satellite to developing nations. He attended Summer School in 2004: ‘I believe the Entrepreneurship Summer School substantially accelerated the business’ progress and, more importantly, connected us with a network of international business people that have had a significant material benefit,’ he says. Notable contacts included VCs, the ex-CEO of ETrade and the founder of SES Astra.
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