Matt Makes Progress

Posted on March 15, 2019at 9:57 am

5 months into the role and we manage to get more words from our man about the county…

It turns out that the new YE man in East Sussex has found out that his previous experience as a firefighter has proved extremely helpful during the early weeks and months!

Now Matt is looking to build on and establish relationships far and wide. He looks excitingly at the prospect of growing the Young Enterprise programme and engagement both in East Sussex and across the county. With a wealth of knowledge and a large network behind him, he is looking to expand and work with more schools in East Sussex utilising the important local boards and volunteers.

The numbers of schools that are engaging on the company programme has decreased nationwide, unfortunately, with the ever-growing pressure on both teachers’ and pupils’ time for extra-curricular activities. The challenge we face is that all young people still have the same difficulties in not benefiting from real work readiness or interactions/experiences that help develop crucial employability skills.

The fantastic thing about Young Enterprise and the Company Programme is that it can be completed in 12 weeks! We provide local business advisors to support the groups and keep them on track throughout their journey and the input from the centre leads (link teachers) is minimal. Meanwhile the outcomes of the programme are optimal and have a huge impact on the young peoples’ business skills in their preparation for working life, whether as an employee or entrepreneur.

How the market is developing

Matt is keen to share what he has learned from the recent impact report entitled The Future of the Labour Market.

“The world of work continues to change at an increasing speed. The use of technology across many different industries calls for employees to be more adaptable in order to keep up with demand. However, employees do not only need technical competence, they also need to have a wide range of practical, social and professional skillsets, along with having self-insight into their motivations, strengths and areas of development to thrive in the workplace. Skills such as problem solving, resilience and work readiness are key to successfully navigating today’s labour market.”

Another 2017 report prepared by Oliver Wyman & Mercer, a leading HR consultancy, also highlights how “the changing labour force and the growing digital era require a workforce that is adaptable and in possession of multiple skillsets. What will set individuals apart is their ability to develop and demonstrate uniquely human skills such as creativity, customer service, relationship building and problem solving in a world of work that increasingly uses technology to perform more transactional tasks.”

YE Providing solutions to tomorrow’s labour market needs

What is the Young Enterprise Company Programme? The Programme provides a vehicle for young people’s and businesses’ growing need for adaptability and employability skills for life beyond statutory education.

Company Programme provides an experiential learning opportunity that introduces young people to the practical realities of the world of work. Over the course of up to an academic year, students make all the decisions about their enterprise, from deciding on the name and product to creating a business plan, managing the student company finances and selling to the public at trade fairs and via YE Market Place – the new, bespoke online sales platform designed to help build e-commerce skills.

YE Market Place is solely for Young Enterprise student companies. It provides an opportunity to develop sought-after skills including digital marketing, including using social media for business and data analytics to learn what engages the target audience.

We are now at the exciting time for schools across the county as we are approaching this year’s showcase events. The joint Eastbourne & Wealden and Brighton, Hove & Lewes Showcase will be held on 25 April at the Amex Stadium in Brighton and the Sussex finals will be on 1 May at Ricardo’s in Shoreham.

To contact Matt to discuss Young Enterprise and how you can work with us please call 07867 001515 or email: matt.ryan@y-e.org.uk.

Take the Tenner Challenge

Posted on March 15, 2019at 9:56 am

Tenner is a free National Enterprise Challenge. Students are pledged £10.00 from the Tenner Bank and use this start-up capital to get their enterprise off the ground.

The Tenner Challenge provides a highly interactive way for students to develop key skills including creativity, resilience, and problem solving, using real money to take calculated risks in business in a safe environment. Students aged 11-19 years have just one month to set up a business – coming up with an idea of a product or service they can sell and so gain first-hand experience of what it is like to work and be an entrepreneur.

Why sign up?

  • encourages pupils to consider their attitudes towards work and money and what drives the choices they make
  • provides hands on experience of running a business
  • introduces pupils to managing money, budgeting and understanding how money plays an important part in people’s lives
  • develops key skills such as team work, creativity and communication
  • contributes towards five of the eight Gatsby Benchmarks for good career guidance.

Last year…

  • The average profit on last year’s programme was £111
  • 80% of young people and 96% of teachers would recommend Tenner
  • 84% of teachers agreed Tenner Challenge supports educational requirements for a broad range of subjects including Maths and English.

Whilst the aim for teams is to make as much money as they can, students are also encouraged to think ethically and sustainably about their business plans. Over 60% of students last year also chose to donate their profits to a charity.

This year the Challenge will take place from 4th March – 5th April. We can help kick start your Tenner Challenge by running a free 20 minute assembly covering the scheme, product and service ideas, rules and a Q&A session. 

All the resources are ready online for you and your students to make the Challenge a success, from an easy to follow step-by-step guide to getting started, to handy tips to keep everyone on track. So why not sign up today!

Could your local Tenner school use a motivating Speaker? Founders4Schools is a free service connecting leaders of successful growing businesses who have linked a special page for all Tenner participating schools to invite a business leader to speak for up to 60 minutes.  School can book a speaker at any time throughout or after the Challenge.  We send an email once their registration is confirmed with this information. It’s a great way to offer an encounter with an employer www.founders4schools.org.uk.

All registrations need to be completed before 1 March.   For information please visit www.tenner.org.uk and contact Matt Ryan, YE Manager for Sussex: matt.ryan@y-e.org.uk/ 07867 001515.

What is School For? 

Posted on September 22, 2018at 11:56 am

Early in September 2018 the Big Issue focused its attention on education with its issue Class Action – What’s school for?  Its editorial covered a wide range of subjects from comparison with the education in Finland to the 1997 Labour Government focus on Education, Education, Education, and the rise in popularity of Home Education.  Its article “Teaching our way out of the debt crisis” mentioned that the UK is below average at teaching financial education, coming 15th out of 30 in an OECD league table and that 50% of parents want more financial education for their children and are happy if time on other core national curriculum subjects is reduced to accommodate this.  Clearly there is room for improvement as the debt crisis continues to grow in the UK.

Liam Geraghty, who wrote the article, said “In theory kids should leave school fully prepared for the wider world – financial education has been on the national curriculum in England and Wales since 2014.” But he then asks “Is the information delivered in classrooms enough to keep heads above water?”

Answering that question was Russell Winnard from “leading financial education charity Young Enterprise” who said “No, it’s not.”

He added “I think the slightly unfortunate news is that putting financial education into the national curriculum has not made any substantial difference.  The academisation of schools [almost a third of state schools have become academies] has had an impact – academies don’t have to follow the national curriculum.

“It’s also about what national curriculum we give to schools and winning the hearts and minds of teachers, because education is about preparing our young people for the next state of life and the world of work.”

The article went on to talk about the work of MyBnk a charity that provided workshops on financial education for 26,000 young people last year from the age of seven to vulnerable adults aged up to 25, mainly in the London area.  This programme is now mandatory for care leavers in some London boroughs.  Attendees are three times less likely to fall into rent arrears than their peers and none of the attendees has been evicted, according to their survey.

Another development is in Apps including one called RoosterMoney which aims to tap into kids’ tech savvy to track their income to help them make responsible for purchase decisions from as young as four.

Apparently while financial education is a part of the national curriculum in citizenship it is not part of the exam so where league tables matter most it gets squeezed out.

The all-party parliamentary group on financial education found in 2016 that that almost a fifth of teachers involved in teaching are not confident in the subject. Clearly more work needs to be done there too.

Having the final word in the article, Russell Winnard said “When you come out of school and you all of a sudden have access to a range of products on offer, it can be really confusing and hard to find out what is best to do. The news you see of people who can’t cope in that situation can be truly devastating.  It’s an important area for young people because the mistakes that they can fall into can have serious consequences.”

Whilst the Young Enterprise Company programme was not mentioned in the article, being part of the programme for most of a school year at a critical time in a young person’s education does not just benefit the person who takes on the role of Financial Director but everyone in the company learns about financing of the business and learns budgeting, together with many other new skills they will need in the world of work.

Further information on the Company programme can be obtained at www.yeew.org.uk or from Martyn Billing, the Chair of Young Enterprise in Eastbourne & Wealden on 01323 487330 / 07721 058409 / martyn@calibremarketing.co.uk.

South East Regional Finals

Posted on May 22, 2018at 8:55 am

South East Regional Finals – 13th June 2018 – Guildford Cathedral

Trade Fair Results

Posted on May 01, 2018at 8:38 am

Local Teams Sell-out Success

This year’s major trade fair for the local Young Enterprise board, was held recently in the Arndale Centre.  Strong sales were reported by the companies present from the local schools and colleges with feedback on the value of this trading opportunity being excellent.

All of the teams competing in this year’s Young Enterprise competition in the Eastbourne and Wealden area were present at the fair.  In addition, a school from Horsham used the opportunity to sell their products.

Tying in with the current national focus on reducing single use plastics and non-recyclable coffee cups, Prestige, the company trading from St Catherine’s College decided to sell re-usable hot drinks cups and straws, which were on sale at the trade fair.  Two of their three products sold-out towards the end of the day, proving their popularity.

Echo, the company from Lindfield School, were selling their own uniquely designed birthday and greetings cards with the designs drawn and prepared by the young people themselves.  Again, some versions proved very popular and sold-out.

Three awards were presented on the day.  The one for Best Customer Service, was won by Prestige from St Catherine’s College.  The Best Trade Stand, supported by The Arndale Centre, was awarded to Echo from The Lindfield School who also won the Mystery Shopper Award.

Stephen Lloyd, MP for Eastbourne, kindly visited the event and presented awards to the winners.  Stephen has been a supporter of Young Enterprise ever since it came to Eastbourne and believes the Company Programme opens up opportunities for young people to get a taste for running their own business in a unique way.  He has followed with interest the students who have gone on to start their own businesses after finishing their education and recognised the development and increased self confidence in many of the students who partipate.

For further information about Young Enterprise in the Eastbourne & Wealden area and how you can support us please go to www.yeew.org.uk.

Trade Fair

Posted on February 05, 2018at 3:23 pm

Trade Fair

24th March 2018

Arndale Centre

Area Finals

Posted on February 04, 2018at 2:29 pm

The 2019 Area Finals – At the Amex Stadium

Come and See Young Enterprise in Action

at the Amex on 25th April

It’s the Big Match!  The finals, of this year’s Young Enterprise Company programme.  To register your attendance, please click here.

Come and see the team members make their presentations on their achievements and the benefits they have gained from their participation, plus see their trade stands and their products for sale, with entertaining speeches and music from BIMM Brighton musicians.

It’s all happening on Thursday 25th April, with doors opening at 5.00pm and the presentations kicking off at 6.00pm.  Refreshments will be served and music played while the judges deliberate and then the prestigious awards will then be made.

To assist us with catering, please register by clicking here.

It’s the big finals, when the teams come out to play and demonstrate their skills.  With trophies and cups for the winners (thanks to our generous sponsors).  We hope to see you there.

Sussex County Finals

Posted on February 03, 2018at 2:35 pm

Sussex County Finals, 1st May 2019, Ricardo’s, Shoreham…

FSB Continues Sponsorship of YE

Posted on March 21, 2017at 12:36 pm

We are pleased to announce that the FSB (Federation of Small Businesses) has continued its sponsorship of the prestigious Company of the Year award with Eastbourne & Wealden Young Enterprise.  This continues a long association with the local YE board, the FSB having been one of the founder sponsors when the Young Enterprise company programme was reinstigated in the area a few years ago.

The Federation of Small Businesses offer their members a wide range of vital business services including advice, financial expertise, support and a powerful voice in government. Their mission is to help smaller businesses achieve their ambitions.  Members receive an exclusive package of business services including advice, financial products and support. These cover a wide range of benefits such as tax, legal and HR, local network groups, business banking and mentoring.

We continue to appreciate the FSB’s support for this valuable scheme for young people in the Eastbourne & Wealden area.  If you would like to be involved as a sponsor, a business advisor or similar then please do not hesitate to contact us.  For further details on the FSB, please see their website at: www.fsb.org.uk

Iconic Products & Performance

Posted on March 19, 2017at 1:27 pm

A case study is available to view featuring the East Sussex Iconic company team from Seaford Head Sixth Form College.  This explains how they turned around a slow start to their programme into a thriving business that is now continuing even after the Young Enterprise finished.

The team eventually settled on producing mugs featuring iconic East Sussex landmarks.  The first two editions were of the famous Seven Sisters cliffs and the Cuckmere valley.  Both of these beautiful locations are not far from the school itself and are very popular with visitors to the county.

Despite the slow start, the company won the Brighton Hove & Lewes Area Finals, also winning best product and best governance, and then progressed to the East Sussex County Final, where they again won best governance and also a special prize for most improved company in the county.

A full case study about their experience and how they plan to continue to run the company can be read by clicking here.  For details of how you can get involved, please contact us.