EUR 250,000 in prize money for you green business concept

An exciting new competition - The Good Entrepreneur 2009 - aims to identify entrepreneurs across Europe with environmentally responsible business concepts, based on making a contribution to the protection of the environment.

The competition has been created in partnership between business and financial news television channel CNBC and Allianz, a leading global integrated financial services providers worldwide.

The prize package includes an impressive cash prize plus exposure on CNBC as well as comprehensive business support from Allianz.

From 8th June, you can enter the competition through the website, www.goodentrepreneur.com.  Applications close on 31 July 2009, and the three finalists will be announced in August2009.


















Make Trust Part of Company Culture

With banks going bankrupt and employees getting laid off, trust is in short supply.  So its value is higher than ever amongst work colleagues as well as for the customers. 

Trust is as simple as following through on your commitments.  Every sales person knows the way to make a quick sale is to develop quick trust.  A good sales person will send you an article with a little note saying it made her think of you.  That builds a relationship.  But a great sales person will call you to tell you she saw an article that made her think of you and promise to send it to you.  Then she'll send it.  That builds trust.  Great sales people create an opportunity to fulfil a commitment and then fulfil it.

Apply the same principles within your team; listen to your employees and respect their views to make them trust you enough to say what's on their mind.  Sit down with your team and get to know them as people.  Have agenda-less, informal meetings where they can share the problems they are facing. This type of close management will build trust between your employees and yourself and pay off in performance later on.







The Challenges of Investing in Science-Based Innovation

Smart science-based businesses view today's economic turmoil as an opportunity to stoke up research and innovation for long-term competitive advantage.  Companies with highly differentiated products will be able to weather this storm, and come out the other side stronger., says professor Vicki L. Sato.  Click here to read the articles.








Business Angels Profit from Investing in Start-ups


New research shows that business angels stand to make a significant profit by investing in start-up companies, with an average rate of return of 22 per cent over 4 years.

Research published by NESTA in collaboration with the British Business Angels Association, reports for the first time that Business Angels stand to make a substantial profit from investing in start-ups.  Despite the fact that the majority of investments make a loss, a substantial number (44 per cent in this study) lead to positive returns with 9 per cent generating more than 10 times the capital invested.

The report also suggests that investing in one's area of expertise, performing at least 20 hours of due diligence before investing and staying connected with the business, preferably at a board level, can help better investments outcomes.

It is estimated that angels are currently investing £1billion a year in the UK.  On average, a Business Angel invests £42,000 and acquires around 8 per cent of the company per investment.  Co-investments is preferred when investing in start-ups with on average 5 investors teaming up in any one round.

The figures generated by this study were comparable to the performance of the US Angel market relative to the size of the Angel community.







Being Digital '09

Date:     9-10 June, 2009
Venue:  ExCel, London
Fee:      £245-500

Being-Digital brings together over 250 executives, business leaders, entrepreneurs, investors, startups, government officials, digital agencies and members of the media over two days, to cover strategy on day 1 and then implementation on day 2, with high value workshops from industry experts. 

There is also an 'Angels Den' where startup and early stage digital businesses can pitch to active angel investors.

To register please click here
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Entelliz Weekly Newsletter  -  Week 23, 2009

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