A report on collaborative entrepreneurship by Delta Economics
Co-operative approach is the ideal way for entrepreneurs to achieve a better performance, profit generation and job creation - cocluded Rebecca Harding, chief executive of Delta Economics during the recent co-operative congress in Cardiff. After researching the motivations of 2500 entrepreneurs in 13 countries, she concluded that a co-operative approach is the ideal way for entrepreneurs to achieve a better performance, profit generation and job creation.
Harding states that, on average, collaborative entrepreneurs created 30 new jobs in their first three years of trading compared with just 12 for other entrepreneurs, while being more successful in key areas of business and had a bigger market share, were more profitable, had stronger cash-flow and paid shareholders more." But who are these entrepreneurs? "They're good business people who want to do well by doing good," replies Harding.
"I'd name Tim Smith from the Eden Project and Jamie Oliver for his work at Fifteen". She concluded by describing future action for UK economy. ”With its back to the wall, the UK economy needs to encourage mass entrepreneurship, rather than encouraging the idea that enterprise is for someone else. It's important that we have an enterprise policy that understands that there's no one size fits all when it comes to entrepreneurship". "It cannot do any harm to extend enterprise growth policy to include those people who are able to make a difference, who do well and make money at the same time”.