As part of a Graduate Enterprise module, Second Year Business School students took part in a ‘Dragon’s Den’ event. Supported by the University and Young Enterprise, the businesses that the students run are registered at Companies House and like any other going concern, each is keen to make a profit and grow their business. Graduate Enterprise is available to all students in the school regardless of their degree pathway.
Two of the groups have been selected to represent the University at the regional finals for Young Enterprise in early 2015. The student enterprises will compete against 14 other teams for a chance to represent the North West at the UK final in London. The teams selected are Portatech who sell a portable credit-card sized emergency phone charger and The Candle Company who sell premium candles.
Paul Chadwick, HSBC Bank & Young Enterprise Advisor commented as the lead judge for the Dragons Den “overall the judges were most impressed with both the effort and enthusiasm which the students exhibited in their presentations. As they are all near to the start of each business project experience, it was sensible to weight our judgement more towards the potential for each business idea and the team’s ability to deliver in the future, rather than the actual achievements to date. We were definitely of the firm opinion that each of the Groups evidenced substantial future potential and we look forward with interest to see what they achieve by the conclusion of the programme. It was a delight for us to participate in this well organised event which we thoroughly enjoyed. Well done and good luck to all the students.”
Sue Murrin-Bailey, Module Leader for Graduate Enterprise summarised “students enjoy the experience of the theory of small business enterprise and the practical and tactical exposure to meeting customer needs and expectation, identifying opportunities to promote and sell their product/services and interfacing and negotiating with investors, suppliers and customers. This year for the first time teams sold their products at the Love Ormskirk Christmas Market at the annual light switch on in the town where thousands of local residents gathered. A real experience in small business engagement. This coupled with the Dragons Den, Barclays IT Challenge, training sessions from the English Speaking Board, presentations from Santander Business Incubation Team, John Lewis and the Franchising Association provides a thorough view for students of the importance and opportunities small business management offers.”