YOUNG ENTERPRISE SCHEME
The Young
enterprise scheme is an experienced business programme
developed by the Enterprise New Zealand Trust. At Glendowie
College, we offer the Young Enterprise programme for year 12
Economics students as a co-curricular activity.
This year we have
one team registered for this scheme and it involves working
through the process of setting up and running a real
business. Students invest real money, produce real products,
pay real taxes and keep the real profits.
During the course
of the year the young enterprise team will
- Form a Young
Enterprise company, which is registered with the
Enterprise NZ trust
- Form a team
comprising of a board of directors, middle managers and
staff
- Be trained in
all aspects of running a business
- Prepare a
prospectus and sell shares in the company to friends,
family members, and supporters
- Prepare a
business plan
- Decide on a
product or service to actually provide to the public
- Undertake
market research regarding the product or service
- Investigate the
best method of producing the product or service
- Arrange for the
product to be produced in-house or by an outside
producer
- Prepare and
implement a marketing plan – including a product launch
- Sell the
product or service
- Run meetings
and organize staff
- Maintain full
record of activities - written minutes, financial
records
- Compete in the
national competition
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