Five things Young Enterprise teams need to know in business
Advice from Antrincham HQ social media agency
In business it’s great to be able to give something back, so when I was asked to take part in the Dragons Den event for Young Enterprise last week I knew I had to get involved. Looking back to when I was at school, and even in further education at college & university, we literally were given no practical experience at all in business.
Deep in theory and text books taught me well, but there’s no greater experience than setting up your own business where you risk your own money. For that reason Young Enterprise is great – the Young Enterprise Students themselves had to legally set up a directorship and put the initial funds into the business to fund the shares.
Even though for many it was as little as £25 it shows the value of money and the need to turn a profit on the investment As you can see from the photo of the boardroom above, the experience was very much real life, and the students faired well with some confident assured performances
What I found over 7 presentations on the day was the same business issues kept cropping up … and many of those crop up for SMEs as well So part guide for future Young Enterprise students and part guide for SME’s, here are 5 things you should think about when setting up in Business.