Week Six

The SetSquared Xing event held at the University of Surrey was unquestionably the highlight of this week. After an inopportune 5am start Exeter university’s crack team of six of our best entrepreneurs and I headed off to Guilford to join forces with entrepreneurs from Bath, Southampton, Bristol and Surrey to take part in a regional business challenge. The day was a resounding success, with each mixed university team being given a business idea to develop over four hours before pitching it back to a pool of Dragon’s Den style judges. While the students were split up to network and build teams with talented students drawn across the globe to our five universities, the Student Entrepreneurs in Residence (the equivalent position to mine) of each of the five universities were placed into a team – this was a hilarious (mis)decision! Instantly getting on famously it created a fantastic day of socialising, networking and business development – with the students coming away having experienced first hand some of the critical aspects of turning an idea into a business model.

SETsquared Xing challenge

With three of the Exeter students winning big money prizes during the event’s finale – a share in the £1,500 awarded on the day to entrepreneurial students – we returned back to Exeter. The message of the day was certainly focused on teams and the importance of building the right team, one where getting the right personalities has more of an impact on team productivity than hiring on qualification. Understanding this is vital for new businesses as hiring the wrong second, third or forth employee in your organisation might be the direct reason for your business failing. Lucky after some horror stories from former Kauffman Scholar Alistair Shepherd we will be thinking twice before we recruit again!

After meeting several student businesses during my drop sessions (email me if you want one) including JD Solis, e-Book gifting and Instabear – who are launching extremely soon – I went to meet local lawyer Dominic Hollingsworth of Kitsons. Part of my role this year is to build up a network of external professional services to help aid student business development, this includes reaching out to legal, accountancy and bank firms to build relationships that students can benefit from. The meeting was a great success and I am proud to say we have Kitsons on board for legal support for university entrepreneurs!

At MGR Music I hired another teacher, a university of Exeter student and piano wizard Callum Henry for the Piano Lessons Exeter website, while the business expanded into Leicester and Cambridge. Being the first week in the month the money for the previous months lesson commissions came in, up 8.25% percent in January from December! The Guitar Lessons London website is also coming together behind the scenes, ready for its big launch on the 17th April 2013! Check out the screenshots below…

Guitar Lessons London – development screenshot!

Posted under Guitar Lessons London, Instabear, JD Solis, Kauffman Scholarship, SEiR, SetSquared, Student Businesses

This post was written by Matthew Rusk on February 9, 2013

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Week Five

This week started with a conference held up at the Innovation Centre to promote one of the best scholarship courses I have ever heard of! The Kauffman Scholarship is a fully funded 15-month programme to develop a scalable technology business, with 6 months in the US studying at Harvard, Stanford and MIT – some of top business institutions in the world. Alistair Shepherd, a former Kaufmann Scholar and current business owner of Saberr, was our keynotes speaker inspiring 12 final year students to go on and apply! You can still apply for this fantastic opportunity, as well as find our more about the scholarship, here (closing date 22 February 2013).

Kauffman Scholarship – the best scholarship I have ever heard of!

After talking with BBC Radio Devon on Tuesday I caught up with Jon Mills to talk about his t-shirt business Mammal Swag. The fantastic animal designs, including “the gangsta hippo”, “the chap chimp” and “the shellsuit stag”, all drawn and designed by Jon himself have seen the business take off on campus over the last few months. Regularly on sale in the forum as well as online Mammal Swag will be looking to overcome the challenges of scaling up their operation from a local to national business over the next few months. This is no easy task!

Mammal Swag – clothing that will bite!

I also caught up with Exeter Entrepreneurs Society president Edward Noel who had the great news that the yearly Exeter Apprentice Competition will go head this year as planned! With ten teams of four students being given £100 start up investment each, as well as a month to make as much money as they can, the event is often one of the highlights of Exeter’s entrepreneurial calendar. The competition has seen some great business ideas, from university branded pint glasses that won in the first year to selling risky underwear with Exeter slogans on! To apply to be part of the competition simply get in contact with EES on their Facebook page.

Here at MGR Music I am pleased to let you know we hired another two teachers this week! Oscar Charles, a first year University of Exeter student has accepted the role as the Drum Lessons Exeter teacher. While up in Bristol I have started working with Steph Hodges as the Singing Lessons Bristol singing teacher! This week also saw me try and get in contact with teachers in for the Singing Lessons Cardiff and Guitar Lessons Peterborough websites – having set up a few meetings, we will see how well I have done over the next few weeks! Fingers crossed! I have also hired another student to help write copy for the singing websites – if you are interested in getting involved email me at .

Drum Lessons Exeter

Oscar Charles – our new drum teacher!

Posted under Guitar Lessons London, Kauffman Scholarship, Mammal Swag

This post was written by Matthew Rusk on February 1, 2013

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Week Four

Another furious week this week up at the Innovation Centre as we awarded grant funding to our first student business of the year! Dan Wiseman, a recent drama graduate and current owner of Webwise Media, pitched for grant funding to help develop his software solution to digital signage management. Named Screenfish, the idea successfully negotiated its way through two business plan development sessions, multiple meetings with Innovation Centre staff and a Dragon’s Den style pitch before gaining funding. Congratulations to Dan, I will keep you updated as how the project is going!

Screenfish – Webwise Media Ltd new software package!

I also met a student during my weekly drop in sessions who pitched one of the best business ideas I have heard all term! Instabear, which has already gone online this week, is an awesome website where you can finally get your Instagram photos printed! Offering both Polaroid’s and snaps check out their website and like their Facebook page – great job by final year student Solly Akhtar!

Instabear goes live!

This week also saw me travelling up to Leicester and Sheffield to interview guitar teachers for the Guitar Lessons Leicester and Guitar Lessons Sheffield websites. A really exciting trip, I managed to interview a total of five teachers in Leicester and Sheffield hiring a new guitar teacher in Leicester to work with!

Interviewing is a hard process to get right, especially in the context of my sub-contracting business where I have to pitch the business model to them while they try and pitch themselves to me. There is a lot of research to suggest that interviewing is actually one of the worst ways of selecting the right people to work for your organisation as the process is far from objective. Personality, appearance and the fact you both support the same football/rugby/bowls team invariably prompts you to hire the person you get on with rather than the best candidate for the job! Always take applications first and then select the final candidates to be interviewed by a colleague who is not the decision maker before interviewing the last two or three yourself!

Posted under Guitar Lessons London, Instabear, MGR Music, Student Businesses, Webwise Media, Wiseman Media

This post was written by Matthew Rusk on January 27, 2013

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Week Three

JD Solis were the student business find of the week! Ran by Alex O’Mahony-Zed, Nathaniel Rankin and Samuel Cooledge this premium operation began in summer 2012 as the three Exeter University students saw an opportunity in the polo lifestyle market. Manufacturing a simple but stylish polo belt, made in the colours of your polo team, the belts sold extremely well during the summer months at numerous polo tournaments! Targeted at the polo audience rather than the players themselves this high-end market enables a tasty margin on each belt sold. With a great marketing strategy, namely trying to encourage the players themselves to wear the belts through sponsorships and giveaways to make them desirable to the audience (a common business strategy for sportswear brands), the trio successfully built up JD Solis as a polo brand and are now looking to bring this success across to their online sales.

JD Solis – Polo Belts!

This week also saw a few fantastic developments for MGR Music – this week the final website designs for the Singing Lessons Location, Piano Lessons Location and Drum Lesson Location have come through! Andy of 1010 Media has yet again done an amazing job creating extremely professional website templates that we have already started building this week. Check them out below! Already finished are the Piano Lessons Glasgow, Drum Lessons York and Singing Lessons Nottingham website thanks to MGR Music Tuition’s team of student copy writers – it is now over to me to find some teachers!

Final Piano Lessons Location Templates!

Posted under JD Solis, MGR Music, Student Businesses

This post was written by Matthew Rusk on January 20, 2013

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Introduction!

Hello, my name is Matthew Rusk and I am this academic year’s Student Entrepreneur in Residence working with Exeter university students who have business ideas! I started a business while studying history at Exeter (2009 – 2012) and am here to help develop, support and offer advice on your business ideas. I also work with current students who run businesses turning over thousands of pounds a year while at university – you will find out more about them in my blog – helping to develop these businesses into the next big thing. I have been asked to write a blog this term so you can find out more about what entrepreneurial Exeter students are getting up to, explain how you can develop your business ideas and let you experience the day to day highs and lows that running my business, MGR Music Tuition LTD, brings! Enjoy!

If you have any questions or would like to meet up to talk about your business ideas email me at . You can also read more about the back story to my business on the Career Zone and Alumni websites. In addition you can also check out more information about other students business right here at the uni at University of Exeter Student Businesses or here at the Career Zone Success Stories.

Matthew Rusk – Student Entrepreneur in Residence

Posted under SEiR

This post was written by Matthew Rusk on January 1, 2013

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