The Young Enterprise Scheme – a report by YE Co-ordinator Miss Heather MacDonald
This year 41 girls joined the Young Enterprise scheme, forming three companies - Fuzed, New Nation and Phoenix. The girls hit the floor running - setting up their companies, buying shares, assigning roles and coming up with a company name all within their first couple of meetings. They then had the daunting task of trying to brainstorm different ways of turning their initial investment into big money in order to fund their final product. They started selling sweets in school with gusto and welcomed the opportunity to sell to the public at Bonfire Night in November. This meant that they could then start focusing on their next big event - the Christmas Trade Fair in Worcester Cathedral. All three companies embraced the holiday atmosphere, creating products ranging from cinnamon candles, ornaments, brooches, and snow globes, all of which were made by hand! Not only was the Worcester Cathedral buzzing with sales, but there were YE companies from all over South Worcestershire, giving MSJ their first glimpse of the competition.
The girls came back to school in January ready to tackle their next challenge - getting ready for the Spring Trade Fair on the High Street in Worcester. Lots of preparation, meetings, assembly lines and late night discussions were had in the weeks leading up to the fair. Not only did each company have to come up with a unique product to sell, but they also had to create a trade stand in order to showcase it. Fuzed wanted to embrace the different nationalities that made up their team, so they came up with "Together Tea" - bringing Chinese, Japanese, Indo-Pakistani and Iranian tea together, in a package of 8 tea bags. New Nation upcycled cutlery, creating a handcrafted multiuse hanger, made from bent cutlery to create hooks, screwed onto a piece of wood. Phoenix upcycled old light bulbs, emptying out the insides and giving them a new life by turning them into vases. All three companies worked extremely hard to get their products made and their trade stands ready for the fair.
The next challenge that the companies faced was to complete a 10 page business report, outlining everything they have done throughout the year. They also had to attend the South Worcestershire Presentation evening, where each group had a four minute presentation to highlight different aspects of their journey. All three groups did extremely well and were rewarded for their hard work: Phoenix received the prize for Best Teamwork, Angela Liu and Sere Oluwayemi (from New Nations) were awarded Best Managing Directors and Fuzed won Best Company! As a result, Fuzed attended the Hereford and Worcestershire Presentation evening a few weeks later, where they once again had to set up their stall, and make their presentation, in front of a new set of judges. Although they were unsuccessful in getting through to the next round, they presented themselves extremely well.
It has been another great year for the Young Enterprise Scheme and everyone should be extremely proud of their accomplishments.