How can you support the next generation of entrepreneurs?
Businesses from around the West of England are supporting a charity scheme that helps the transition of school and college students into the world of business.
Young Enterprise (YE) works with more than 40% of the secondary schools in the West of England, along with college students, to inspire young people to learn and succeed through enterprise.
Schools and colleges can register to form a ‘company’ where teams of students come up with a business idea and take this to market with the support of a business adviser (BA) from a local business.
Throughout the year, students run their ‘companies’ and sell their products at trade fairs, on the internet, via their local networks. They have to exhibit products at various events, keep company records, produce a company report and present overall results at area-heats held in the spring each year.
From here, the number of teams are whittled down with successful teams going through to the West of England finals (with the winners then competing at a regional (and potentially national level). A panel of senior business leaders judge teams on a range of criteria including teamwork, overall product, exhibition stands, business planning, record keeping and the sales approach taken.
Local businesses can get involved with partnership opportunities such as becoming a business advisor or judge, running workshops to help students hone the skills that are key to employability and/or sponsoring various workshops and awards throughout the year.
Previous businesses who have put their name to the Young Enterprise Scheme include Bishop Fleming, Weston College, HSBC, Lambert Smith Hampton and Santander.
Fast growing Telecoms business Pure Comms has been supporting Young Enterprise for over 4 years. Business Development Director Jane Vivian comments:
“In my previous roles at North Somerset Council and Weston College I was passionate about getting local students involved in YE having completed an early YE programme myself. I have been supporting YE for 13 years, helping to get businesses engaged with the Company Programme.
“I’m delighted that I can continue to support it now from a business perspective and am proud to have taken a place on the West of England YE Board, helping to shape the strategic direction of the programme and engage further with businesses. I think it’s a great way for young people to build real life and business skills and a very rewarding experience for the businesses taking part too.”
Sam Clark, Business Development Manager at Business Leader Magazine, who is a BA to a YE company comments: “The transition from education to business can be quite daunting but Young Enterprise makes it easier for students entering this environment. I’m proud to be involved with a scheme that is helping young people in the area reach their business potential.”
For further information about YE, events coming up and how your business can engage with the range of YE activities, please contact Jane Vivian on: firstname.lastname@example.org or 01275 812 500