Sage Foundation, Peter Jones Foundation and X-Forces Enterprise collaborated to deliver a pilot programme to introduce the concept of entrepreneurship to military and ex-military personnel. This was successful so we are launching a revised version of the programme called a side hustle which will be delivered over three courses in 2019/20.
There will be a one-day classroom-based workshop at the beginning to develop the skills to write a business plan, mentoring during the trading period, and a further classroom-based reflection day at the end to explore the results and to look at your next steps. The programme also provides access to a series of online resources to support your startup journey.
What is a side hustle?
A side hustle is an enterprise activity that anyone can run alongside their primary job or focus.
Do you have the support of the Career Transition Partnership?
Yes, we have worked closely with CTP on this and the pilot programme, and they are fully supportive of our plans to support military entrepreneurs.
Who is eligible for the programme?
Military personnel who are in their transition period, and veterans who are all aged 30 and under.
Why is there an age limit, I am over 30, can I still apply?
People who are 30 or under meet the Peter Jones Foundation definition of young people. Priority will be given to those who meet the age criteria but in the unlikely event the course is undersubscribed, over-age personnel will be considered.
How many students will be on each course?
Each course capacity is 10, this is so we can afford each student sufficient contact time with their business mentors throughout the programme.
What are the course dates?
25 Nov 19 – 21 Feb 20 9 Mar 20 – 29 May 20 22 Jun 20 – 11 Sep 20
What type of content will be covered?
- What it is to be an entrepreneur – fact and misconceptions. - In-depth analysis of the business plan - to enable individuals to understand their business in context. - Marketing - market research, understanding the market, competitors, marketing oneself effectively. - Money and finance - covered in an accessible, interactive way enabling individuals to understand what to consider and how to apply it.
What equipment do I need for the training?
A laptop or tablet will be required and access to a dedicated digital platform will be provided during your participation on the scheme. A smartphone will also work but the reduced screen size makes it more difficult to work with.
Is there any pre-course work I need to complete?
Yes, we will ask you think about a business idea and produce some information based on that. Examples of this will be provided and don’t worry if you don’t have any specific thoughts on a business idea at this stage. Think about a product, it could be anything. Consider how will you buy the materials, how you will promote your product and ultimately how you will sell the product to turn a profit. You will be asked to complete this questionnaire when you are registering.
How much time do I have to commit during the 12-week programme?
There are formal group days on the first and final days of the 12-weeks, you need to plan to be at those. There will be weekly touch points with X-Forces mentors to discuss progress, and you manage your own activity at home to suit your circumstances in the times between. The guiding principle is that the more effort you put in the more benefit you will get out.
Is there any cost to me?
No, a start-up capital loan of circa £250, will be provided to support your idea.
Will I have to fund my own travel costs to the training venue?
No, reasonable receipted travel costs to the training venue will be met by Sage. Travel needs to be via the most economical route and pre-booked in advance to achieve the best price in accordance with the Sage Travel Policy.
Do I have to have to repay my start-up loan if I make a loss?
If you make a loss, we ask that you pay back what you can, and the programme will absorb the balance. The trading window is the 12-week duration of the course, but this can be extended on a case-by-case basis.
If I make a profit, how much do I have to repay?
If you break even, or make a profit, we ask that the original loan is paid back so that it can be reinvested for future courses. If you wanted to make a donation back to the programme from any profits, that would be gratefully received but there is no expectation or obligation to do so.
The launch event will be held at the Union Jack Club, Waterloo, London on Monday 4th November 2019 from 15:00-17:00. Sage would like to invite you to attend if you wish to learn more about the programme from previous graduates of the pilot programme and other entrepreneurs. To reserve your place, contact kevin ! doyle | sage ! com but please note that places for the launch event are very limited.
For more detailed information about the programme, including case studies and a comprehensive list of FAQs, please visit www.veteranstycoon.org.
iCause.com promotes public events for free and helps event organizers connect with nonprofits to attract more participants like you.
Additionally, the iCause Global Foundation enables good people to fund great causes around the world. Together, our impacts are limitless!