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Flashback to 1998: Catching up with Bob Worm

Tue, 11 December 2012

In 1998 Bob Worm and Caron Bembrick were named the most innovative company in the Shell LiveWIRE Young Business Start Up Awards at the Northern region final for their business, The Collective.
We caught up with Bob to find out more…

What can you remember about your involvement with Shell LiveWIRE?
It was an exciting time for our company back then. We felt that we were getting recognised for our efforts to establish support and development for bands and artists in Sheffield. The Shell LiveWIRE team were wonderful to deal with. The whole process was very well organised.

How have things changed for you since you won your Shell LiveWIRE award?
Unfortunately the Collective Studio did not survive its business development after a couple of years. Both myself and Caron Bembrick learnt a great deal from the experience and we both went on to further our careers working in the entertainment industry. Caron has now passed her degree and works in the voluntary sector and I have set up a company specialising in supporting events for service supply and event management.

How have you had to adapt as an entrepreneur over the years?
It has not been an easy path. We both took paid employment with community based organisations. We were both able to work on amazing projects that have led us to the roles we now have. We found that our industry was quite fragile for long term financial security and it required many long hours of work in highly stressful situations. The whole experience has enhanced our skills to pursue the careers we have now. The key to moving forward was to be able to take on other job roles to keep the bread and butter rolling and to be very flexible in the pursuit of long term career objectives.
 
What has been the biggest obstacle you have overcome in business?
Surviving business insolvency on the Collective Studio. This was a difficult time for us both and once through it we began to step forward to better working opportunities.

What are your top 3 tips for a young entrepreneur about to set up in business?
 
1)Do not rush setting up your business. Do your research and connect with business support groups. Make your business plan solid and realistic for what you want to achieve.
 
2)Be prepared for long hours and lots of stress. The first three years are the hardest. Once you have got past them, you will really know if your business has a future.

3)Have a backup plan on what you will do if the business does not work out. This does not mean you won’t work in your chosen industry. It could well be your training ground for taking your knowledge and the skills you learn from running a business in your chosen sector, to then taking up job opportunities for other companies.

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