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Monday 9 April 2018
With over 790,000 young people out of education and employment the Young Enterprise Charity plays a vital role in giving them the skills they need to begin their careers.
The Young Enterprise Company Programme gives 6th form age students their first experience of the world of entrepreneurial business. Over the course of one academic year, teams of up to 25 students are tasked with forming and running functioning companies. They are expected to create a full business plan and accompanying reports and also come up with a product, with many selling items such as t-shirts and candles at trade fairs. Other recent projects have included social enterprises and projects related to mental health.
The programme is run as a competition with each team coming before a local panel of judges with a presentation on their company. The reports, business plans and success of the business are also included in the judging process, with the winning team progressing to the regional and then potentially national finals.
Mike Farwell chairs the West Berkshire judging panel and is able to witness first-hand the entrepreneurial ingenuity of these young people.
“The Young Enterprise Company Programme is a fantastic way for young people to engage with the world of business,” says Mike. “I’ve known some of these companies to generate profits between £2,000 - £3,000, and I believe that many of these students will go on to have successful careers in business – it looks like UK PLC is safe is their hands!”
More information on the Young Enterprise Charity can be found on their website www.young-enterprise.org.uk