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.
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
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
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