Start Up Ready
Training for new entrepreneurs and practical help for setting up new businesses in the borough
The council’s Enterprise Team has developed a training initiative for local residents who wish to set up an enterprise or have an interest in becoming entrepreneurs. Delivered in partnership with local support agency London Small Business Centre, Tower Hamlets residents can develop the practical skills required to become an entrepreneur including:
- creating a business plan
- bookkeeping and accounting
- choosing a business model
- learning effective marketing techniques
- understanding intellectual property.
1-2-1 business support is also available for start-ups.
Individuals who complete the start-up programme will have the opportunity to receive advice on accessing business funding from a range of sources.
Interested in our Start-Up Ready programme? Register
Third Sector & Social Enterprise
The council Enterprise Team are offering an opportunity for existing or new third sector organisations and Social enterprise to access a free 2 day training course on how to incorporate a commercial operation within their set up. The 2 day training programme for Third Sector organisations or Social enterprise is funded by the council and delivered by NWES. The key aim is to reduce the dependency on grant funding. This transition often requires cultural change as well as increasing entrepreneurial ability amongst the individuals involved.
The third sector 2-day workshops will focus on these topics delivered by experts in the charity sector:
- key issues and concepts in developing new income streams
- new ideas for products and assessing viability in commercial settings
- insights into the pro and cons of different legal structures into which to consolidate new ventures
- needs of the organisation to achieve transition to trading: leadership, organisational change, culture
- development of strategy for moving to new business models
- those participating will create a strong support network, as each charity goes through a period of change.
This ongoing support network will be managed by NWES and all participants will then be offered continuing 1-1 support from a hand-picked business advisor with both experience of working with social enterprises and direct knowledge of the market sectors into which the charity wishes to enter.
Interested in our third sector programme? Register
Retail Marketing Ready
Supporting retailers in marketing skills – specialist retail consultancy advice.
The council’s Enterprise Team seeks to assist local retailers by helping them to develop practical skills to promote themselves and their businesses through more effective marketing.
Retailers can sign up for specialist retail consultancy support to enhance marketing capabilities including:
- advice analysing consumer market opportunities and trends
- developing niche markets
- creating effective visual merchandising displays
- establishing an online presence whilst developing a social media marketing strategy
Interested in our Retail Ready programme? Register
The Retail Place
The shopping destination in Tower Hamlets
Retailers that take part in our Retail Marketing Ready scheme will also have the opportunity of promoting themselves and their goods through our new online retail destination The Retail Place. Providing shoppers with details of Tower Hamlets’ unique and unusual businesses The Retail Place is a free listing for local businesses to help develop their online presence whilst also publicising offers, promotions, news, events and job opportunities. The Retail Place aims to offer the most comprehensive source of information for shopping in Tower Hamlets.
Supporting local businesses to sell through contracts with large organisations.
The council’s Enterprise Team is committed to helping local businesses access opportunities to increase turnover through supplying large organisations.
A business which supplies goods or services to large organisations needs to be adept at selling by means of formal procurement procedures. This way of selling is not for every business. Some businesses however do most of their selling in this way.
The Supply Ready programme helps business owners who wish to develop a capacity to supply through procurement processes and works with them in training and individual support to the stage that they are able to win contracts.
Delivered through workshops, masterclasses and bespoke 1-2-1 sessions, this initiative will support businesses in tendering methods, building relationships, pitching to buyers and developing growth strategies.
Interested in our Supply Ready programme? Register
Good premises for business
Helping start-up and small businesses find suitable workspaces
A big factor which inhibits local enterprise development is the availability of suitable workspace and business premises.
By working closely with local workspace providers the council’s Enterprise Team seeks to offer advice to small and start-up businesses on suitable workspace on flexible terms in the borough.
Interested in workspace? Register
If you would like more information on any of the services we offer please get in touch by calling 020 7364 2278, or register here and we will call you back.