Gifted young entrepreneurs recognised at Croydon awards ceremony
Audiences were left in awe after gifted youngsters impressed judges with their business acumen in the South London regional final of the Young Enterprise Award in Croydon last Friday.
Seven groups from a number of schools across South London took part in the programme with the winners being offered the chance to progress to the London finals and then nationally, and possibly on to Europe.
The programme, which celebrates its 50thAnniversary this year, aims to teach young people business skills and offers 15 – 17 year-olds the chance to start, manage, create and market a new product to the general public.
In return for a small start-up fund, the groups were expected to sell shares in their company, keep accurate accounting books and complete a marketing presentation.
The businesses were also required to set up trade stands and attend trade fairs in order to generate interest and sales for their product.
Bracey Parish, The Young Enterprise Manager for South London said “It’s basically teaching them about the world of business structure whilst in education.”