Company: TiE UK
Based: London and Manchester in the UK; 53 branches worldwide
Members: 800 in the UK, 12,000 globally
Who are you?
Nish Kotecha, UK president of The Indus Entrepreneurs (TiE), and member of the TiE global board of trustees.
What do you do?
TiE is the world’s largest not-for-profit organisation for entrepreneurs and, as president of the UK Chapter, I oversee efforts and programmes that foster entrepreneurship in this country and across the globe.
What does that mean in practice?
TiE organises more than 40 events annually in the UK – both large and small. We host blockbuster speakers that inspire and inform our membership. Last year, for example, we had Narayana Murthy, founder of Infosys, and Jon Moulton, founder and managing partner of Alchemy Partners. We also organise business plan competitions in front of live audiences, and have special interest groups that educate members on specific topics. These range from healthcare and the creative industries to venture capital and outsourcing.
Most importantly, TiE’s mentoring programme provides entrepreneurs with access to free one-on-one mentoring. Members who require advice and guidance are matched with successful executives (charter members), who have the experience to send them in the right direction.
What size company suits you?
All sizes. Our membership is made up of founders and owner-managers of smaller companies, as well as chief executives and managing directors of large corporations. We believe that there is significant value in bringing together experienced entrepreneurs with those who are at an earlier stage of their business life. That’s what makes TiE so unique.
Why should I care?
All businesses share the same challenges regardless of their size. TiE’s events, mentoring programme and educational products give our members the unique opportunity to learn from other like-minded people, to share experiences without needing to disclose confidential material, and to discuss issues at a practical level. In challenging times, what better way to maximise your chance of success than to meet people who are also pursuing a career in entrepreneurship?
What can you do for me that I cannot do myself?
We can provide you with the opportunity to learn from others, as well as getting guidance and support when you need it most. Building a business can be a solitary experience. Over the years, we have realised that a key ingredient to business success is avoiding some of the pitfalls that others have fallen into – not only to learn from mistakes, but to grow from them.
What mistakes will you stop me from making?
Any error that a member has already made, we can warn you against. Our members learn from the successes and mistakes of others and, by trading stories and experiences, they can help steer each other in the right direction.
Give me an example
Our latest programme, TiE Institute, is a sort of university for entrepreneurs. It gives members access to charter members and specialists who can advise them on topics that are important to them – and guard them against the basic mistakes that entrepreneurs often make. For instance, our first TiE Institute gave lessons on the legal issues involved in starting a business. Members were able to talk to experts who could give advice on the legislative pitfalls, often based on their own experiences.
Why should I trust you?
TiE is a not-for-profit organisation. Our success is determined by your growth and business success. Hopefully, you will then be motivated to also share your experiences with the next generation of entrepreneurs.
How much will it cost me?
Basic membership in TiE UK is £30 a year. The fee gives access to free mentoring from our charter members, plus discounts on events throughout the year.