More waiting in the wings

Jul 14 2010 by Carole Beverley, The Journal

IT'S great to spotlight big players in the region - and really important to understand the success stories that have carried them to their lofty positions within the Top 200.

The focus of our attention should be on those businesses that have been conceived, developed global market opportunities and scaled their operation from a base wholly within the North East.

Not only are they the real “net” wealth creators, but they also must serve as an inspiration and proof that we have the entrepreneurial talent, drive and vision to build genuinely global businesses. If we don’t magnify this entrepreneurial spark the danger remains that we will continue to be reliant on outsiders for our economic growth and development.

Where should we look to find the businesses that have the potential to grow into the Top 200 from a standing start and emulate the achievements of Sage?

Graeme Lowden’s Nomad Digital continues to break into new territories and build on opportunities in a global market. And Kromek, founded by Max Robinson and driven forward by Arnab Basu, are clearly poised to exploit their position as pioneers in digital colour imaging for x-rays and advanced 3D imaging for the medical, security, industrial inspection and defence markets.

And the next question is: whom have we yet to hear about?

As the impact of public sector cuts hits home and redundancy looms, it’s reassuring that many of those who have already been casualties are rethinking their career options and are making a proactive choice to take control of their own future.

For many people the starting point is about being given permission to be ambitious and follow an instinct.

At the Entrepreneurs’ Forum, we’re determined to share the experiences of those who understand the challenges of growth and we believe that encouragement, moral support and inspiration need to sit alongside the traditional business support on offer across the region.

We’re keen to encourage more people to start conversations that will lead them to unlocking their entrepreneurial potential.

You never know where the conversations will lead but it’s critical to understand that even the most self-reliant need somewhere to turn in times of uncertainty or simply when a fresh perspective could create new opportunities.

As the new coalition government’s plans gradually unfold, it’s increasingly clear that entrepreneurs hold the key to future economic success.

The starting point for emerging better and stronger from these challenging economic times, and building a wholly North East future Top 200, must be nurturing and promoting the mindset and approach shared by Forum members.

:: Carole Beverley is chief executive of the Entrepreneurs' Forum