Frequently Asked Questions (FAQ)
We are approaching the final for the Entrepreneur Of The Year 2013 UK awards. Please read the following frequently asked questions to help you prepare for this process:
- Who are the judges?
Judges at a regional and national level include former winners of Entrepreneur Of The Year, national and global business leaders, business investors and the leaders of social entrepreneurial organisations. The judges play an active role, offering advice and mentoring as well as judgement.
- What is the judging criteria?
The judges will make their decision based on the following;
Entrepreneurial spirit; high standards, risk taking, overcoming obstacles and perseverance
Leading and building teams; employing best teams, company culture, leadership qualities
Innovation; pioneering new approaches, ability to adapt, research and development
Financial performance; managing cash flow, long-term sustainability, reinvestment of profit
Strategic direction; developing a vision, goals for future growth, measuring progress
Individual and/or corporate social responsibility; values, approach to relationships, involvement in the wider community
National and global impact; impact on the business world in terms of revenue, operations and influence
- How can I impress the judges?
The Judges’ Reception is your opportunity to prove to the judges that you have what it takes to be a winner. You will have two 15 minute interviews with our judges throughout the evening. Use this time to show the judges that you have the e-factor!
Top tips for perfecting your pitch:
Be concise; perfect your ‘elevator pitch’. It should be a clear, concise and well-practised description of your company.
Tell them what they want to hear; describe your entrepreneurial journey and how you have led the business to success.
Grab the judge’s attention; tell them something unique about you or your company that will make them remember you.
How to impress the judges; outline your vision for the future and let the judges see your passion to succeed.
- Who are my fellow 2013 UK finalists?
There are 43 finalists from across the UK who have progressed to the UK stage of the programme. The 43 2013 UK finalists have combined revenues of £5B, employ over 54,000 people, and despite the economic gloom are growing revenues by 12% year on year. Click here to view your fellow finalists.
- When does the 2014 nomination process begin and how do I receive notification?
Entries open January 2014. To ensure you are notified, please email firstname.lastname@example.org with a request to be added to the distribution list.
- Who can submit a nomination for consideration?
Anyone who is associated with a successful entrepreneur can nominate a candidate. This includes spouses, employees, bankers, public relations managers or entrepreneurs themselves.
- Are entry forms kept confidential?
Yes. The information on the application form will be used by EY (in connection with the administration of the award) the sponsors and the independent national and regional panels of judges.
- What are the categories?
The categories for the awards are dependent on the entries received, though some of the more common categories are listed below:
Master entrepreneur - an entrepreneur who has been the lead director of one or more businesses for a period exceeding 10 years and therefore led a long, distinguished and successful entrepreneurial career.
Emerging - an entrepreneur that is leading a business which has been running between two and seven years with a sustainable business model and the potential to scale or grow their business.
International - an entrepreneur who has developed business in international locations either by exporting or by establishing operations in multiple countries.
Private Equity backed - an entrepreneur who is leveraging private equity support to achieve their long term vision and maximise the growth of their business.
Social enterprise - an entrepreneur who trades for social and/or environmental purposes. As with all businesses, their social enterprise competes to deliver goods and services but they are distinctive because their social and/or environmental purpose is absolutely central to what they do.
- How many award recipients will be selected?
Each independent regional judging panel selects categories and award recipients based on the quality and quantity of the nominations received. Each independent panel of judges has complete discretion in determining categories and award recipients.
Typically over 40 regional winners progress to the UK stage of the programme. At the UK stage up to 12 UK finalists will receive awards with one winner achieving the ultimate accolade of Overall UK Entrepreneur Of The Year winner. The Overall UK Entrepreneur Of The Year winner will then go on to compete at the prestigious World Entrepreneur Of The Year Award in Monte Carlo, Monaco.
- What is the World Entrepreneur Of The Year Award?
The year's country winners from around the world gather in Monte Carlo, Monaco, to be inducted into the World Entrepreneur Of The Year Academy and to vie for the title of World Entrepreneur Of The Year. Today more than 50 countries worldwide are participating. The 2013 EY World Entrepreneur Of The Year awards will be held in June in Monte Carlo. Entrepreneur Of The Year is the only global business recognition program held on six continents in more than 50 countries and more than 140 cities around the world.