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Thursday 9 February 2012
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Young Enterprise
Young Enterprise Scotland (YES) is a unique scheme to encourage and develop enterprise skills in students.
Teams of students called Achievers voluntarily form themselves into a YES company, they:
- Elect a Board of Directors
- Decide upon a company name
- Decide on a product or serivice
- Prepare a business plan
- Open a bank account and raise working capital through the sale of shares
- Start production
The company trades for about 8 months and then goes into voluntary liquidation. The Directors balance their books, write a Company Report and hopefully, pay a dividend to shareholders.
Help and guidance is provided by advisors from local businesses who attend the weekly meetings as well as support from the Link Teachers.
YES is open to all pupils in UV-UVI. It gives them the opportunity to have fun whilst running their own business and in the process they develop both business and personal skills – communication, decision-making, organisation, time management, team working, problem solving – and gives them invaluable practical experience.
Meetings normally take place on a Thursday or Friday lunchtime in the Business Education Department.
In addition, students can sit the Strathclyde University Business School’s examination.
Link Teachers:
Mrs E Stirton
Mrs K Tannock