Young Enterprise is a National Schools Competition that is open to students from Year 10 and up through sixth form. Running from the start of the Autumn term through to the end of the Spring term, a group of students come together to set up and run their own business. They make all the decisions about their enterprise, from deciding on the name and product to creating a business plan, managing the student company finances and selling to the public at trade fairs and other events.
All this takes place with the support of a volunteer Business Adviser who brings a wealth of business knowledge and expertise. A range of resources are provided to help manage the company. Teams track their progress using self-assessment tools and even compete against other schools in local, regional and national competitions.
Fiona Askew, Senior Management Secretary at Seaford College explains what it gives the students. “Throughout the process they learn all the different aspects of a business. They have to choose what roles they want and take their product through various stages from manufacturing to selling it, hopefully making a profit”. Continue reading