Young Enterprise
The Young Enterprise Scheme
At STAGS we run the company programme. This programme has been part of STAGS sixth form life for at least thirty years. Each year we aim to run at least three companies and we have often been able to accommodate up to seven enterprising groups.
The attractions of Young Enterprise are obvious. Today, young people need to be more adaptable than ever before, prepared to change career direction in response to opportunity and to learn new skills throughout their working lives. In other words, they need to be enterprising. Young Enterprise's Company Programme gives our students the opportunity to prepare for this working life through the experience of running their own company, supported by volunteer advisers from business.
Students in year 12 set up and run their company over the course of one academic year. They elect a board of directors from amongst their peers, raise share capital, and market and finance a product or service of their own choice. At the end of the year they present a report and accounts to their shareholders. Students gain experience of the real world: taking responsibility and being accountable to their shareholders for the running of the business.
As a result of running a Young Enterprise company, students gain:
• an understanding of how a business works and how wealth and employment are created
• the ability to work in a team
• improved communication skills
• more enthusiasm and self confidence
• a willingness to take responsibility and initiative
• time management skills
• experience of key business functions such as marketing
• financial management, sales, customer care and personnel management
During their year of trading, Young Enterprise companies have the opportunity to participate in local, national, and in some cases international trade fairs where they can sell their products, market their services, and so boost their sales and experience.
In the past, our students have got a great deal of enjoyment out of the scheme. We have had many successes in district competitions. Most of all our students found it a useful challenge and remember it as one of the salient features of their sixth form years at STAGS.
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