A team of entrepreneurial students from Alde Valley Academy joined 17 other school teams to compete in the finals of this year’s 2016 Suffolk Young Enterprise competition on 27th April.
Students were tasked with developing a product or service, marketing and selling it through a “mini business” and then producing a financial report including a profit and loss account and a balance sheet. The final involved the teams putting together a trade stand, where they were visited and interviewed by the judges; a company report and a formal presentation.
Our team, Ethereal, created an Asian-style sweets and noodles business, which won the Problem Solving/Overcoming Adversity award.
Eddy Alcock, who is chairman of Young Enterprise’s Suffolk board, said: “Seven months creating and running your own business has to be the best way of overcoming the common complaint from businesses that the modern day school leaver ‘is not fit to enter the workplace’.
“In fact, many businesses look for Young Enterprise experience on the CVs of students seeking full-time work placements and there can be no better way of ‘Raising the Bar’ in educational achievement than through this real life experience.”
Congratulations team Ethereal for all your hard work.