03 Mar Young Enterprise Businesses Kickstart the Year
Our Year 13 Business Studies students participated in the annual Young Enterprise event, Kickstart, via Zoom on Tuesday 22 February. Kickstart gives Young Enterprise teams across the country a series of workshops focused on helping teams generate ideas and begin to think about the launch of their business.
There was plenty of free money up for grabs as students completed a series of small tasks alongside the workshops. Ainsley Fernandez managed to win $50 in the I-Qualify challenge, giving her business a boost to its start-up capital.
Teams were taken through an exercise to cost out products and forecast basic expenses and revenue using Xero, one of the key accounting tools of the Young Enterprise Scheme. In addition, students were challenged to think about how to fund their businesses, with a wide range of funding options discussed including crowdfunding, fundraisers, bake sales, sponsorships, and more.
Off the back of the momentum built at Kickstart, teams need to push on with producing their prototype in order to complete the first challenge of the year – Validation. Due before the end of the term, teams must submit evidence of customer feedback on the viability of their offering and then prove their engagement with this feedback in a 90-second video submission to Young Enterprise. Pakuranga College has won the East Auckland region for the Validation challenge the last two years, so the pressure is on for the threepeat!
We wish our Year 13 Young Enterprise businesses success in 2022, with fewer Covid disruptions and more sales for our students. Watch this space for progress on our budding young entrepreneurs.
David Dunlop – Head of Faculty, Business