The Young Entrepreneur of the Year competition 2016 has culminated in an exciting finals.
Dan Greenall of Oxford Vapours was the overall winner and the other finalists were: Ahmed Yar Khan and Allahyar Khan of AKD Facilities Management; Darren Chadwick of Brite Green; Reni Reis of Electric Mania and Richard and Tim Woods of Yomp Marketing.
Dan Greenall explained that he started his company, Oxford Vapours Ltd., to sell products which would help people stop smoking. His entrepreneurial spirit started at the age of 13 when he sold confectionary and drinks at school to earn some pocket money and he intends to move into the property market in the future.
Haines Watts has published the results of its recent survey looking into the reasons that business owners run their own company and their motivation and aspirations.
Entitled ‘For Love or Money? The secret life of the business owner’, the survey focuses on three areas: ‘wealth, investments and spending habits’; ‘ongoing motivations for running a business’ and ‘advice to your younger self about running a business’.
Thank you to everyone who has entered this year’s Haines Watts’ Young Entrepreneur competition, which has now closed. There have been some amazing, high-calibre entries.
The five finalists are currently being selected via interview with Partners at Haines Watts offices in the Thames Valley. The finals take place on 17th November.
An illustration of the standard of applicants we get for the HWYE competition is provided by the fact that many of our previous finalists have gone on to gain further accolades for their enterprise.
Entering competitions like Haines Watts’ Young Entrepreneur of the Year can help prepare you for making sales and pitching your business to investors as Nick Coleman, one of the 2015 winners, can testify. Watchers of BBC’s ‘Dragon’s Den’ may have seen Nick in action recently, pitching his business Snaffling Pig Co. with Chief Marketing Officer Andrew Allen. Not only that but they won their pitch!
In these uncertain times business owners often wish they had a crystal ball to gaze into, when deciding on many aspects of their operations, such as recruitment, funding and growth. It’s no surprise that numerous successful entrepreneurs have business mentors – people who they turn to when they don’t have all the answers. These include the likes of Richard Branson and the late Steve Jobs.
When starting a business it’s pretty essential to like what you do! Marc Ayres, owner of creative agency BookMarc Ltd and a finalist at the 2015 Young Entrepreneur of the Year competition, says he built a sustainable enterprise by doing what he loves and is best at.