National Business Awards
This morning I heard from the Innovation Centre that the University of Exeter has been shortlisted for the Duke of York Award for University Entrepreneurship. This is a great achievement for all areas of the university that have worked tirelessly to improve the support of students with business and product ideas. It is also a special moment for the Innovation Centre which has been one of the key partners in the this development of entrepreneurial provision at the university. I had the fortune of see this first had during the Exeter Start Up Weekend in July, where the university had clearly invested a lot of time and money into a fantastic conference to enable current and former students develop their business ideas within 54 hours before pitching them to a group of business experts.
This shows how far the support for entrepreneurs has come during the time that I studied at the University of Exeter (09-12), where even basic provision was hard sort for. As an entrepreneur at the university you can now find support and help everywhere from the Careers Centre and Ignite at the Students’ Guild to specially tailored advice by business experts at the Innovation Centre. The appointment of a Student Entrepreneur in Residence enables students to approach a former student who has experience of running a business while studying a degree, this is invaluable as balancing your workload, business and social life can be an isolating challenge.
To know that there are students just like you, dedicating their spare time to start a business while at university is undoubtedly a liberating discovery – indeed, while individual businesses are different in what they produce the core components of a business are often very similar. Student entrepreneurs therefore often face the same challenges, whether it is cash flow, holding too much stock, product development, quality control, sourcing products, advertising, client experience, profit margin, scalability to name a few. If you are a student at the University of Exeter who has, or is thinking of, starting a business don’t hesitate to get in touch with firstname.lastname@example.org. You can find out more about National Business Awards Finalists on their website.
In terms of MGR Music Tuition I have been continuing to launch new websites across the UK, most excitingly for me releasing the Guitar Lessons York website, following drum, singing and piano websites released in York and where we already have a large group of active music students and talented teachers. It has been an extremely busy time in terms of the infrastructure of the business, having moved all the websites onto a Virtual Private Server (giving me far more control over the hosting and management of the website, preventing them from crashing due to unwelcome updates).
In addition, I have spend the last few days adding a server monitoring service to these VPS. This will enable me to record all the server data, including any downtime of the server or websites – in which case I will be notified by a call/sms/email depending on the time of day so I can jump in to ensure that the website never go down without me knowing about it. If you run a busy website, whether eCommerce, news or social facing it is critical that your website downtime is extremely low (as noted by Mark Zuckerberg’s character in The Social Network film: “let me tell you the difference between Facebook and everyone else, we don’t crash EVER! If those servers are down for even a day, our entire reputation is irreversibly destroyed! Users are fickle…”. Therefore as any business builds up, investment in safety guards and contingency plans, is a wise choice (and perhaps highlights a gradual change within a business from a start-up to a more mature going concern).
As such here at MGR Music Tuition it has been a year of re-investment into the business, to ensure that I can keep it growing in a manageable manner by laying strong foundations to build upon. I hope to see the results of this in early 2016 and as ever I will keep you updated with my progress!