Most Entrepenurial Young Company - Edinburgh Evening News Business Excellence Awards 2005
As a finalist, this award was for businesses under three years old which show a high degree of entrepreneurship and vision for the future, with the potential for further growth and expansion in turnover, profits and employment levels.
The successful business must articulate clearly the business idea and start up process, giving evidence of a well-researched business plan and forecasts for business performance.
The business idea must be offering something new to the market place in which the company is operating, and the management style must be entrepreneurial and ambitious.
However, effective financial controls will be important to the success of the business as will customer-focused marketing strategies. The successful company must have customer satisfaction at the heart of their business strategy and should be able to prove a track record in customer satisfaction and continued commitment to exceeding customer expectations, recognising the contribution from staff when dealing with customers.
A well-defined vision for the future will show the successful companies building towards an enterprise of considerable potential in terms of sales, profits and employment.