Sherry Coutu - Startup to Scale-Up: Getting the Support Your Business Needs
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Sherry shares her experience of building boards that support growing businesses, and talk about how a good mentor can be an asset to every entrepreneur. As your business grows, the requirements for board support and mentoring will change, and Sherry will travel this journey from start-up to scale-up businesses.
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Sherry Coutu - Startup to Scale-Up: Getting the Support Your Business Needs
- 1. Turing Festival Sherry Coutu CBE #scaleup #founders4school @scoutu 2 August 2017
- 2. Getting the support your business needs: Mentoring, Advisors and Boards 2 August 2017
- 3. ENTREPRENEURSHIP 2000 Floated second Start-up 1986 Came to the UK to attend the London Schoolof Economics 1987 Became a Computer Programmer 1991 Studied Business at Harvard 1994 Joined my first ‘start-up’ 1995 Founded second Start-up Sherry CoutuCBE <2000 1997 first ‘startup’sold #scaleup
- 4. THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup
- 5. Key factors for a successful ScaleUp ecosystem 5
- 7. Very Few Start-ups Survive and Grow UK businesses that started in 1998 – 10 years later and beyond 221,731 83,165 8,649 5,934 All businesses that started with at least 1 employee Businesses that survived in 2008 Survivors with 10+ employees in 2008 Survivors that achieved at least 1 year of high growth 100% 37.5% 3.9% 2.7% The Scale-Up Institute #scaleup Sherry Coutu CBE
- 9. |
- 10. | 6 main gaps to focus on… 1. The Evidence Gap: public and private sector organisations identify, target and evaluate their support to scale-up companies. 2. The Skills Gap: improve the ecosystem so scale-ups can find employees with the skills they need 3. The Leadership Capacity gap: building their leadership capability 4. The Sales Gap: accessing customers in other markets / home market 5. The Finance Gap: accessing the right combination of finance 6. The Infrastructure Gap: navigating infrastructure
- 11. | Choose a big enough problem
- 12. | Embed yourself in the right Network
- 13. | Recruit People who have done it before
- 14. | Think about tomorrow, not today
- 16. | Mentors /Advisors who have built systems that scaled
- 17. | product / market fit
- 18. | Go….. To Grow (global)
- 19. | Board who can help with the right kind of money at the right time
- 20. | Go (back) to school…. Advisors & Mentors with curiosity
- 21. THANK YOU http://www.founders4schools.org.uk/turing Get in touch: @scoutu