Kick start your business
The intensive HeadStart programme provides a structured process designed to help you shape your business concept, identify and evaluate the opportunities and potential, and structure a business plan.
There is a lot of evidence to show that the learning process entrepreneurs go through while developing a business plan is integral to understanding the strengths and weaknesses of a business idea, and is likely to provide them with the best opportunity to get their business proposition right.
The Hive's HeadStart programme is run twice a year, and provides carefully planned tutorial sessions covering essential topics such as:
- defining your dreams
- personal success skills / running your business
- market research
- building your brand
- financials for your business
- raising finance
- operational planning
- legal structure, requirements and responsibilities
- tax and accountancy
- presentation skills
- your business plan.
In addition to having the opportunity to develop key management and business skills, entrepreneurs benefit from working alongside other businesses in a dynamic, supportive environment.
Further to the one-to-one mentoring support provided by The Hive which is tailored to your individual needs, advice and help are also available from affiliated organisations and partners.
By the end of HeadStart you will have evaluated your business idea and created a credible business plan. This will detail your objectives and financial projections for the first three years of your new venture and more importantly, you will know whether your idea has the potential to succeed. Once you have completed HeadStart we would then normally expect you to progress onto our three-year mentored pathway, SmarTrak.
There are no up-front costs to the programme but those who join HeadStart sign up to a royalty agreement with The Hive to pay 2% for the first two years and 3% for the next three years of sales turnover of the new venture, once the business actually starts trading.
"Headstart gives you an insight into sound business principles but it's only over time that you discover the real significance of what you have learnt. You need to experience all the challenges of running the business to put it into context."
Chris Rogers, Freeway IP