Newsletter for February 2016
The Company Programme:
Shropshire is proving that their students can really make it in business! More than 200 students from 10 schools and colleges have formed 26 companies throughout the county and are taking part in the Young Enterprise Company Programme.
This programme, provided by a nationally respected charity in it’s 54th year, sees the students form a company, structure themselves into a successful business and then meet various challenges set for them throughout the following months.
Supported by over 15 Business Advisers each from local companies or small businesses and their Centre Leads (Teachers), these companies go from knowing very little about business to having a better understanding of life in the world of business, hence the YE strap line.
Young Enterprise: The business of life.
The festive season is often the first opportunity to sell their products to their friends, families and the general public. Many of this years companies took part in school Christmas fairs or Christmas markets in their local community.
The companies, generally made up of around ten students, have a wide range of ideas when it comes to products they then produce and sell. This year sees a wide variety of excellent products from self published children’s books, self published recipe books, upcycled bottles turned into decorative lamps, scrabble type drinks coasters and all manner of other interesting items.
The Trade Fairs.
The first two of four Trade Fairs were held in Shrewsbury Darwin Centre and Telford Shopping Centre, where the companies sell their wares to the discerning general public. Whilst selling, they’re also judged by some experienced local business people as to how well their stands are presented and all manner of other attributes, from their sales patter to their knowledge of the product and financial figures. The last two trade fairs will be at Shrewsbury on the 27th Feb and Telford on the 5th March. Local dignitaries and politicians as well as some local business owners all come and offer advice and learn a massive amount from the young people involved in the programme.
Report and Presentation.
Once the trade fairs have been completed their next step is to compile a comprehensive and professional Interim Company Report, followed closely by two days of judged presentations at Harper Adams University.
The report is judged on the content as well as the presentation so it’s an essential part of a winning company’s package.
The presentations are carried out by each company who has to present their four minute
summary of the Company, their results and their products. The teams of four are supported by a fifth who can drive the computer which runs the presentation on the hugely impressive screen in the wonderful facilities there.
Finals and Celebration Events
To finish off the programme, YE Shropshire invite the companies of students and many prominent business people from within Shropshire to the annual celebration event, taking place at Telford’s Park Inn in May. At this event, over 25 awards are presented to the
students and also the Teachers and Volunteer business advisers that help to make the whole programme a reality. The overall winning company will then go on to compete in the West Midlands Regional Final.
For the first time in a number of years, Shropshire will be hosting the West Midlands Final where companies from other areas in the region will all be pitted against one another in an attempt to move onto the National Final, and if successful there, on to the European Final.
This year’s WM Regional final is to be held at the Greenhous Meadow, home of Shrewsbury Town football club and will see the winning teams from the five different YE areas all carry out their presentations in front of a large number of business people from local, national, and global businesses.
On top of this they will be judged on everything from their finances, on-line presence, marketing, sales, company report and product quality amongst others.
This really is an amazing programmed for young people throughout the country and teaches them to learn from their mistakes, to learn by doing and thus has seen a number of the programme’s alumni go on to great things.
Want to help?
We’re always looking out for more schools to come on board with this wonderful opportunity, as well as needing more business advisers to help the students through the trials and tribulations of running your very own small business.
If you’d like more information or want to help with advising, sponsorship of the events or getting a school into the programme please contact the YE Shropshire manager, David Graham using email: firstname.lastname@example.org
All of the progress of this years company programme can be followed using twitter, facebook and youtube too.
Facebook: Young Enterprise Shropshire
Youtube: Young Enterprise Shropshire