Money News
A group of global business leaders has come together to launch a not-for-profit collaboration called the Enthum Foundation - www.enthum.org - which will support UK entrepreneurs and enterprises ready for the next stage of growth, as well as social entrepreneurs.
According to The Federation of Small Businesses, the UK has over 4.5 million small businesses, and statistics regarding success rates for new start-ups vary dramatically, depending on the source.
No one can dispute however that the UK's entrepreneurs and SMEs in general need all the help they can get. For example, the recent announcement of the abolition of taper relief on capital gains tax was the latest major blow to millions of small and medium sized businesses.
The Enthum Foundation differs from most conventional leadership and management coaching consultancies for two main reasons: firstly, due to its not-for-profit status and secondly, it works with both the entrepreneur and his business, understanding the impact each has on the other.
Enthum reinvests its profits, alongside grants and other funds, both to help organisations and individuals who couldn't otherwise afford such assistance, and to fund research.
Hussein Dickie, CEO of the Enthum Foundation, explains: "Sometimes the very drive and single-minded commitment of the entrepreneurs who launch an organisation and propel it to a successful position can become significant factors inhibiting its future growth and success.
"We encourage entrepreneurs to explore their personal capabilities and limitations, and to recognise how they can impact on the enterprise's success. We help them to maintain their passion, drive and vision, whilst dealing with the nitty gritty reality of running a business."
08 November 2007 © Moneyextra.com
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