Tenner initiative is great for helping get more young people involved in business
Better Bathroom entrepreneur, Colin Stevens, was impressed by the competition
Colin Stevens the bathro0m equipment entrepreneur who backed Tenner 2013 gave an interview to Easyspace – and was very complimentary about the impact of the competition.
Ten years after setting up Better Bathrooms Colin’s firm has grown into the UK’s largest independent bathroom retailers, with 162 staff and £15million retail value stock holding. Colin was named Entrepreneur of the Year at the prestigious 2012 National Business Awards.
Here’s the section about us:
Q14. You’ve been supporting the “Tenner” initiative – tell us about that and why you decided to take part.
Run by Young Enterprise, Tenner gives over 25,000 young people around the UK £10 as start up capital to kick start and run their own business throughout May. From this they can do whatever they like, whether that’s selling jewellery, sweets and healthy treats – basically anything that’s creative.
I actually sold drawings of Star Wars figures out of the school play ground when I was seven, so the Tenner initiative was a great fit in helping get more young people involved in starting their own business and thinking about making money.
I was lucky enough to be invited to Bury Grammar School for Girls in Manchester, were 60 pupils between 12 and 14 were taking part in the scheme. My visit helped offer advice on creating a successful business plan including how to know and target the right audience with the best product. In my opinion, if it’s in high demand then people will buy it.
At the end of May all loans are re-paid with those taking part able to keep the profits and spend as they wish.
And you can read his full interview here