A group of enterprising Edge Hill University students are celebrating after winning a prestigious award.
The second year Business School students won the Best Business Plan prize, sponsored and judged by Santander Bank, at the Young Enterprise Regional Finals for their Graduate Enterprise Company, Spectrum Soaps.
The company, which specialises in selling a range of toiletries at reasonable prices, was created through Edge Hill’s Graduate Enterprise Module, which gives students enrolled on any undergraduate degree within the Business School the opportunity to develop a real-life enterprise.
Business and Management student and member of Spectrum Soaps, Gemma Hulme, is delighted that the company won the prize.
The twenty-three-year-old from Kirkby said: “Competing in Young Enterprise and representing Edge Hill was a real honour and we are thrilled to have won the prize. We have worked extremely hard and put in a lot of time to write the company’s business plan, so for the judges to recognise it is brilliant.”
“The Graduate Enterprise Module gives you the opportunity to put what you have learned in your degree into practice, which has been great and I’ve thoroughly enjoyed this practical aspect of the course.”
The Young Enterprise Regional Finals gave students across the North West the chance to pit their entrepreneurial skills against one another. Alongside Spectrum Soaps, Edge Hill was represented in the finals by UniBooksSOS, a company who provide a trading service for students who wish to exchange or sell their old textbooks.
Sue Murrin-Bailey, who delivers the Graduate Enterprise Module at Edge Hill, is proud at what both companies have managed to achieve.
She said: “To watch Spectrum Soaps and UniBooksSOS perform in the finals to such a high standard was wonderful. Both companies have been able to demonstrate that they know how to identify gaps in the market, deliver products to their target audience and generate profit. The young entrepreneurs involved are all ones to watch in the future.”
Mel Bulmer, who is the Young Enterprise Business Mentor for students who participate in the Graduate Enterprise Module, was also impressed at the level Spectrum Soaps and UniBooksSOS displayed in the Regional Finals. She said: “Both teams have really impressed me with their flair, motivation and commitment.
“The competition was particularly high this year but they more than met the standard. They are a credit to themselves and the University and I have really enjoyed working with them.”
The Graduate Enterprise Module is available to all students doing a business-related degree regardless of their pathway. Find out more by contacting Sue Murrin-Bailey on Susan.Murrin-Bailey@edgehill.ac.uk.
For more information about Spectrum Soaps, visit their website at http://spectrumsoaps.co.uk/.