The ability of peer assist and the way Peer Networks can assist SMEs thrive

As a small to medium sized enterprise proprietor, partaking with a community of trusted friends to speak about and discover options for alternatives and challenges might be a particularly precious expertise.

Gaining sensible insights on account of assist others who’re in an identical place can assist information the enterprise in the best path and place them to make the most of future progress.

Whether or not an SME enterprise is assessing new market alternatives or dealing with challenges round product growth, HR, tech, finance or advertising and marketing, peer assist can provide enterprise house owners the chance to share these points in a collaborative setting usually resulting in extremely impactful options that mirror on precious suggestions from their friends.

Peer Networks has been developed to create a trusted and highly effective digital assist community for SMEs to work collectively in small teams to allow them to strengthen their very own information and enhance the general efficiency of their enterprise.

Backed by the Division of Enterprise, Power and Industrial Technique (BEIS), Peer Networks is being delivered regionally in England by Progress Hubs with the assist of the Native Enterprise Partnership (LEP) community.

Kirsti Grayson (beneath), director of Go Velo, a Bikeability supplier providing cycle coaching and bike upkeep to youngsters and adults throughout Lancashire, registered for Peer Networks after it was really useful to her and she or he is already seeing advantages.

 

 

Kirsti stated: “Already I’ve learnt a lot in regards to the points different individuals are dealing with and I’ve gained confidence in realizing that regardless of my enterprise being smaller and structured in a different way to others I nonetheless had experiences I might share to assist others enhance.

“I got here away feeling very supported. It’s actually making me deal with my enterprise and motivated me significantly.”

Who can participate in Peer Networks and the way does it work?

Peer Networks is open to small to medium sized enterprise in England.

It can see the creation of a sequence of Peer Networks by the Progress Hub community, with small teams of between eight and 11 house owners or managers from the SME enterprise group collaborating.

Led by an expert facilitator, these Peer Networks will usually meet fortnightly as a part of delivering 18 hours of motion studying.

Particular person one-to-one assist (teaching, mentoring, or recommendation) may also be offered both straight by the programme, or from different current schemes to assist to implement and handle change.

The programme is totally funded, which suggests there isn’t a value to affix Peer Networks aside from a number of hours of your time every month.

Motion studying is a confirmed methodology of serving to companies to be taught by working with one another.

What different advantages are there?

Working together with your native Progress Hub additionally means you may be working with facilitators that totally perceive the enterprise panorama in your area.

Energetic involvement in motion studying by Peer Networks improve the management capabilities, information and confidence of enterprise house owners and entrepreneurs inside an area area whereas additionally serving to to construct native connectivity and energy inside the SME enterprise group.

In addition to group actions, enterprise house owners will obtain extra entry to 1:1 mentoring, teaching or recommendation relying on the assist that’s wanted.

Richard Jeffery (pictured beneath), Director of Enterprise Progress at The Progress Firm, which is co-ordinating Peer Networks nationally, stated: “It’s been a tough yr for a lot of SMEs and as we go into 2021 there can be alternatives too which is why I’m delighted Peer Networks is happening and I’d encourage all companies who wish to discover out extra to get in contact together with your Progress Hub.

Richard has used the Peer Networks programme

 

“That comes from a deep private expertise from what I’ve skilled of peer assist all through my profession.

“Shifting ahead I count on we’ll see peer networking embedded as a core precept within the SME enterprise group throughout the nation.

“Enterprise house owners will get a lot profit from it that they may wish to proceed to do it, they may wish to retain these networks and once you get companies working nicely collectively and collaborating and supporting each other they turn into higher companies.”

What do different companies say about Peer Networks?

Lauren Bailey Rhodes (pictured beneath), Operations Director at Remodel Lives Firm, a Liverpool-based social enterprise specialising in employment and wellbeing, has taken half in skilled networking and motion studying earlier than.

Lauren took part in the Peer Networks programme

 

She stated: “Straightaway I knew Peer Networks was going to be completely different.

“I made a decision to affix as a result of it appeared the perfect match for me and TLC for the time being. Certainly one of our largest challenges is getting the phrase on the market and rising our enterprise within the company sector.

“As quickly as I spoke to our facilitator Phil, I knew this was going to be a extremely good expertise. The primary session was nice, a very good group of people who find themselves going to deliver so many alternative issues to the group and already individuals are beginning to assist one another out.”

Chris Kane (beneath), co-founder of Dorset-based Greendale Development, signed up for Peer Networks after it was really useful to him by a colleague inside his community.

Chris took part in the Peer Networks scheme

Chris stated: “2020 has been a difficult time for all companies, particularly SMEs, as the continued pandemic continues to trigger uncertainty.

“Peer Networks is fascinating and interesting, with an important mixture of enterprise house owners collaborating. I got here with an open thoughts and wished to assist myself and others deal with a number of the enterprise challenges we face.

“I wish to be taught from my friends, perceive their challenges, discuss our personal and see how we will be taught from one another and assist one another to attempt and develop.”

How do I enroll?

To seek out out extra in regards to the programme and to register your curiosity in a matter of minutes at the moment, go to the Peer Networks web site.

The digital classes will happen between now and March 2021.

Peer Networks is financed by the Division for Enterprise, Power & Industrial Technique (BEIS) and can be delivered by the Native Enterprise Partnership (LEP) community and their respective Progress Hubs.

Learn extra

5 the reason why Peer Networks may gain advantage your enterprise

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