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Global Entrepreneurship Week (16-22 November 2009) - an initiative to encourage new entrepreneurs in over 70 countries worldwide

17th November 2009

Celebrity entrepreneurs are spreading the gospel and inspiring would-be entrepreneurs around the country during Global Entrepreneurship Week which takes place from the 16th - 22nd November 2009.  The initiative is a worldwide movement of entrepreneurial people from over 70 countries unleashing their talents and turning ideas into reality.

Over the seven days, events will take place in schools, colleges, universities, football grounds, pubs, town halls, businesses and workplaces.

In the UK, the initiative is being run by Enterprise UK, the business-led, government-backed campaign. Lord Davies, Minister for Trade, Investment and Small Business, said: “The challenges faced by the global economy in the past year highlight the interconnectedness of the world today. Entrepreneurs have a valuable role to play in applying their creativity and boldness to help us overcome those challenges."

Global Entrepreneurship Week aims to show how small businesses will be the driving force behind the economic recovery. "SMEs are core," says Rachel Elnaugh. "They account for 99% of all business in the UK, generating 50% of revenue and 50% of all private sector employment."

Rachel Elnaugh, the one-time BBC Dragon and now well-known business mentor and conference speaker adds: "Supporting SMEs is vital to help re-build confidence and those who manage small businesses on a day-to-day basis know more than most the challenges they face in developing their businesses."

But they do need help in these difficult times. Another former BBC Dragon Doug Richard and founder of School for Startups said "It takes a good 18 months of solid work before a new business starts to really establish itself. If the government is serious about encouraging enterprise in the UK, then it needs to avoid gimmicks and offer start-ups a genuine exemption from tax until they get their businesses up and running."

Over a third of female entrepreneurs are expected to see their revenues grow according to Deloitte & Touche.  As part of Global Entrepreneurship Week, Wednesday will be Women's Enterprise Day celebrating women in business and encouraging other women to become entrepreneurs and turn their passion into profit.  NatWest is launching a mentoring competition in partnership with the Financial Mail and Everywoman and the winner will receive mentoring from Shaa Wasmund, an entrepreneur, business keynote speaker and founder of a business support service company.

One success story is Kerry Lewis who launched her business My Little Beauty a year ago at the start of the recession and has recently been named as a finalist in the North East Woman Entrepreneur of the Year Awards.





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