Five questions for... Edward Holroyd Pearce, co-founder, Virtual Internships

Virtual Internships matches candidates with companies looking for remote interns.

916_MW_P26_Interviewee

What does your firm do?

We match candidates with companies looking for remote interns. This allows students and recent graduates to gain exposure to businesses, and valuable remote-working skills, while reducing the logistical and financial costs associated with doing an internship in an office.

What's been your company's greatest achievement so far?

We hit our ambitious three-month sales targets, and have more than 30 people signed up for the programme, with a tiny marketing spend.

What has been your biggest challenge?

It's still early days in remote working, so explaining the benefits of the programme to candidates and also to businesses does take some time. But we are getting better and better at articulating them, and businesses have been very excited to take us up on the service.

What are your plans for hitting your targets?

We have used our first-phase investment of £70,000 to prove the concept and have received some great feedback. Before the end of the year we are going to raise further funds to allow us to invest in scalability through technology. We have already identified great marketing outlets, so if we can deliver the technological improvements, we will scale up our targets.

What's the one piece of advice you'd give fellow entrepreneurs?

Be ready for the whole range of different situations and skills required to start a business. Passion and conviction for your product or service are essential. But recognise that you'll need to find ways to deal with bureaucracy, finance, hiring and so on. If there are parts you don't enjoy, then be honest with yourself and find people with complementary skills or other coping mechanisms.

Recommended

Bernard Tapie: the man with a thousand lives
People

Bernard Tapie: the man with a thousand lives

Bernard Tapie, who has died aged 78, was a colourful French entrepreneur, star of screen and stage, politician, sports icon, press baron and convicted…
10 Oct 2021
Clive Sinclair: the father of the home computer
People

Clive Sinclair: the father of the home computer

Clive Sinclair was a serial inventor and visionary whose output also included the prototype electric car. His other interests included poetry, maratho…
27 Sep 2021
Klarna’s Sebastian Siemiatkowski: fintech innovator gunning for the banks
People

Klarna’s Sebastian Siemiatkowski: fintech innovator gunning for the banks

Sebastian Siemiatkowski’s Klarna app allows customers to buy now, pay later, without racking up interest charges. He’s excited about the future. Regul…
12 Sep 2021
Nigel Rudd: Sir Sell-out’s latest offer may be his last
People

Nigel Rudd: Sir Sell-out’s latest offer may be his last

An industry joke has it that Nigel Rudd’s businesses are always a buy because he’ll soon be selling up. His latest deal is likely to be his swansong.
22 Aug 2021

Most Popular

Properties for sale for around £1m
Houses for sale

Properties for sale for around £1m

From a stone-built farmhouse in the Snowdonia National Park, to a Victorian terraced house close to London’s Regent’s Canal, eight of the best propert…
15 Oct 2021
How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
How to invest in SMRs – the future of green energy
Energy

How to invest in SMRs – the future of green energy

The UK’s electricity supply needs to be more robust for days when the wind doesn’t blow. We need nuclear power, says Dominic Frisby. And the future of…
6 Oct 2021