Sixth form students have enjoyed success in the first stage of this years’ Leeds Enterprise Advisory Programme (LEAP), a business initiative which enables students to set up their own company for a school year.
Under the guidance of their business tutor, Mrs Mirza, students are required to raise their own share capital, choose, make or buy a product, write a business plan and then take the product to market. At the end of the year each team is required to present their Company and its results to a panel of independent business advisors who decide on an overall winner.
“The LEAP programme offers our sixth form students a unique opportunity to gain hands on business experience’, said Mrs Mirza. ‘Students learn first-hand the skills necessary to run a successful business’.
Following a business training day at Allerton High School at the beginning of October which covered marketing, basic accounting and business planning, each team worked together to develop their LEAP company.
This year has seen four teams entered for the regional business competition: ‘Hamper Creation’ offered a selection of gift hampers, ‘Eternal’ a range of eco-friendly bags, ‘Misshan’ a selection of jams and chutneys and hand-made soaps, and ‘Allure’ with a range of personalised candles and frames.
In the initial stage of the competition, the teams were given the opportunity to showcase their products and sell to the general public at a trade event held at the Leeds Merrion Centre on Saturday 5 December. Here the students set up their stalls alongside 25 other LEAP companies from six other Yorkshire schools who were also taking part in the programme.
On the day, the BGGS companies cleared most of their stock with Allure awarded Runners Up in the competition for ‘Best Retail Trade Stand’, receiving significant praise from the panel of judges from the LEAP Advisory Committee and a £30 shopping voucher.
The Teams will be given a further chance to sell to the general public at the Merrion Centre around Valentines Day in February 2016, after which they will be expected to finalise their business plan and present their final figures to the panel of judges.
With further possible awards on the table for presentation skills and overall reporting, the teams are hoping to be build on their trading success in the next stage of the competition.
The competition concludes with a final review of each of the companies’ business plans, from which the panel of judges will select ‘The Best LEAP Company of the Year’. The award will then be presented at an Oscar style awards evening where VIPs, parents, teachers and business mentors can come together to celebrate the achievements of all the students.
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