Bikeworks is a social enterprise based in Tower Hamlets that delivers a range of community cycling programmes and services, both to consumers and organisations. Founded in 2006, the company was launched with the intention using cycling to make a positive difference to the lives of people from disadvantaged backgrounds.
From the little things, big things grow and the company has now increased to more than 36 employees and boasts an annual turnover of more than £1.3 million. But with even more ambitious plans for the future, Bikeworks approached GetSet for Growth London seeking both marketing and financial support.
Bikeworks’ Head of Business Development, Ben Preston, worked closely with the GetSet team to develop a viable growth and investment readiness strategy, underpinned by a clear marketing plan. They explored potential partnership opportunities and established some clear frameworks against which to manage their growth.
Ben says that having regular meeting with his GetSet advisors allowed him to devote more focussed time to establishing clear goals and objectives that the whole company could work towards achieving.
While GetSet continues to support Bikeworks on their growth journey, Ben doesn’t hesitate in recommending the service to others.
“GetSet for Growth is a very useful service and I would recommend this to other businesses. It was really beneficial to have regular meetings with an external advisor to help move things forward.”
A mission to support 10,000 entrepreneurs and established businesses has not just been achieved – but exceeded by 50%, and four years early.
Back in Autumn 2006, the YTKO Group set out on an exciting but seemingly impossible challenge for an SME to undertake: ‘to support the start up and growth of 10,000 businesses by 2020, collectively contributing over £1 billion pounds each year to the UK economy.’
Solent-based business consultancy GetSet have created a specialised marine business advice service, to be launched at the Seawork commercial marine and workboat exhibition on 13th June.
Helen Stratton, Marketing Strategy Director, says that GetSet have been developing specialised marine and maritime consulting over the past two years: “We’ve been asked more and more to help local marine-based firms improve their marketing, their finance, and their operations. We have now developed specialised services just for the marine sector, adding to our general business growth work.”
As a growing business, it’s likely social media plays a part in your overall marketing strategy. And for good reason. When done well it’s an effective way of engaging with your existing customers and attracting new ones. But, when you’re looking to scale-up, ensuring all your marketing efforts are considered, measured and have a specified timeframe in which to deliver results is essential to guarantee you’re achieving the results your business needs.
Many people get nervous when it comes to the statistics of social media. They don’t fit neatly into traditional marketing measures and the techniques you may be using to measure other marketing might not be applicable. But don’t be put off. It’s important to remember that social media is scalable. You do not necessarily have to start off using all of the metrics at your disposal. You may want to start out with some basic metrics and build up, adding additional measures as you grow and develop your campaigns.
Earlier this year, the Government launched its consultation on a proposed Industrial Strategy. This aims to addresses long-term challenges to the UK economy, improving living standards and economic growth by increasing productivity and driving growth across the whole country.
YTKO’s view is that there is a real lack of clarity in the Green Paper on actually “how” various proposals in the consultation will actually be delivered, and on what evidence they are based. We are particularly concerned about the noticeable lack of focus on the SME economy, responsible for 60% of all private sector jobs, in favour of support for academic R&D.
From our extensive work with UK SMEs, we know that accessing finance is one of the main challenges faced in the current business landscape. There are many different finance options available, each with various positives and negatives. As a business, how do you decipher which one is right for you?
In this blog, we’ll be looking at grant funding and whether it’s a viable option for your business. A grant is an amount of money that can be given to an individual or business for a specific project or purpose. You can apply for a grant from the Government, local councils, charities and some private companies.
HR – it’s an area that many growing businesses question the need for, often delaying investing either their own time or that of an HR professional, and finding it difficult to calculate the value it brings to the bottom line. However, in a job market where employees are moving more frequently, and seeking out opportunities to learn new skills with a great management culture, creating an engaged workforce is more important than ever before.
GetSet spoke to Sam Sales, Director at SME HR specialist Call HR to find out about the changes happening in the world of HR and how SMEs can nurture an engaged workforce.
As businesses scale up and headcounts grow, there comes a point where the flat structure and informal approach around pay and rewards can hinder growth, and if not managed, impact on staff performance, productivity and loyalty. However, the thought of introducing structure and process can seem at odds with the close-knit, family feel that its important to protect.
Vanessa Landreneau, an expert in building reward structures, and Principal of Hummingbird Consulting, believes that the two concepts can work in harmony, as she explains in her blog below…
So you’re looking for an agency to work on a particular project or to fill a skills gap you have in your business. Having created your shortlist of prospective agency partners, it’s time to meet the candidates in the flesh to assess which firm or firms are most suitable for your needs.
The assessment process may be as simple as assigning a couple of ‘pilot’ projects, as complex as a full-on Mad Men style pitch process, or something in between. But, how do you sort the wheat from the chaff and find a team or individual that gets your business and you’ll actually be able to work with?