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THE YOUNG ONES

25-02-2010

Young Enterprise

The next Richard Branson has to start somewhere, and Wolverhampton’s as good a place as any. Next month sees a trade fair taking place in that city that might kick-start the next entrepreneurial success.

You’re never too young to start learning. That’s a fair adage throughout life, which is why Young Enterprise West Midlands is to be encouraged in their latest venture.

Young Enterprise is the UK’s leading business and enterprise education charity, bringing volunteers into the classroom to teach business skills to students and teachers. Their Company Programmes is designed to help young people set up and run their own business.

On this programme students gain practical experience of enterprise by setting up and running their own real company, developing a classic enterprise and financial capability as well as economic and business understanding. The programme contributes significantly towards the development of Key Skills and the Enterprise Education and Work-Related agendas.

Work takes place over the course of one academic year. Students elect a board of directors from amongst their peers, raise share capital, and market and finance a product or service of their own choice. At the end of the year they present a report and accounts to their shareholders. This gives students experience on taking responsibility and being accountable to shareholders while at the same time participating in a competition.

The first element of this competition is to participate in a Trade Fair and this is the event happening in the Wulfrun Shopping Centre, Wolverhampton, WV1 3HH on Saturday 6th March where young entrepreneurs, aged 15 - 18 from local schools, will be selling products they have produced to the public whilst being assessed by a group of judges.

It promises to be a fascinating day, if only to see what entrepreneurial talent is being fostered in the West Midlands.

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