Updated: Apr 10
Most UK companies are small to mid-sized enterprises (SMEs). Large corporations and PLCs are a vital part of our economy but they’re actually a relatively small part of the total British employment story. The reality is, the majority of people working in business in 2020 will work for an SME - and there are approximately 5.7 million in the UK.
Technically, an SME is a business employing less than 200 people. However, Government further classifies businesses employing nine people or less as a ‘micro-business’.
At YourBusinessSchool.org we believe the bravery, effort, long-hours and emotional investment UK entrepreneurs put into starting or running their businesses doesn’t feel in any way ‘small’ or ‘micro’ to them, to the contrary; starting, running or joining an SME can be one of the most challenging, yet rewarding things you can ever do.
British SMEs contribute to the health and diversity of the UK economy, forming vital links in the supply chains of larger multinational firms and providing specialised products and services to consumers and local communities - and in many cases - innovating and leading in their specialist areas and the world. At YourBusinessSchool.org we understand that.
If you own, run, or work for an SME, the challenges you face every day are just as important to you as those faced by leaders and managers in large firms. The key difference is you’ll probably be facing your challenges with a fraction of the support available to a corporation; you’ll have less time, money and expert resources to call upon.
One of the reasons for this is that business education is heavily biased towards the corporate community. At YourBusinessSchool.org we think this is unfair. We want to democratise access to quality business education. Giving SME’s the fighting chance they need to grow and thrive in post-Brexit Britain.
For the last 50 years traditional business schools have been the engines of innovation and learning for those involved in business and commerce. They’re unique places - often attached to Universities - offering specialist business education tailored to the needs of their corporate customers.
The prestige associated with many business schools is often only matched by the cost of attending them; it’s not unusual to spend tens and sometimes hundreds of thousands of pounds to get into the best business schools. So, are Business Schools worth the money? Well, yes and no. It really depends on what you need?
Leaders and managers in large corporate organisations are often expected to hold prestigious qualifications like MBA’s (Masters of Business Administration) as a badge of attainment before they can climb the corporate ladder. Subsequently MBA programmes are designed for their target audience; providing a general business curriculum tailored to cater to those facing the challenges of larger firms.
It’s rare that someone running an SME with less than 200 employees will ever need an academic or practical grounding in the fundamentals and law concerning international mergers and acquisitions. However, as a business leader in a multinational corporation this might make sense, and to a degree the high fees also make sense.
Business school are expensive because of their high overheads. They need to pay for full-time staff, large buildings and expensive advertising. Their cost of sale is high, but there is also a premium they charge for their exclusivity, which is seen as valuable 'currency' in the corporate world.
Often, a big corporation will pay for their senior managers to attend business school as an added incentive to the employee - as recognition of their potential - and this actually works both ways. The corporation gets to retain a highly educated manager, who is less likely to jump ship to a competitor. And, the employee gets a valuable business school education. They both win.
But this model just doesn’t work for the SME market.
That’s where YourBusinessSchool.org comes in. We’ve disrupted the traditional business school model to help small and mid-sized companies access the vital business education they need at a fraction of the cost. We’ve re-invented the business education model with the SME at the heart of things because we recognise that for those starting, running or working in SME’s the need for a quality business education is just as real. But, up until now, you’ve been locked out. We are not competing with traditional business schools, instead we want to help smaller firms succeed.
We think this is really important.
If you're involved in an SME we know you need the skills and education to run and grow your business, now, not in two years’ time, when you graduate. And, you need access to education at a time that works for your busy schedule. Not in the middle of the work week when you’re actually running your business. We know you can’t take time out.
And, we know that you need education tailored specifically to the needs of your smaller business, not a generic online course that uses recycled materials designed for a general audience. And finally we know you need this at a price point that makes your decision to learn, a complete no brainer.