Y8 & 12 Future Entrepreneurs Take Up Tycoon Challenge
Our future entrepreneurs have been busy setting up their businesses as part of The Tycoon Enterprise Competition. Started by Peter Jones CBE in 2012, as part of his campaign to foster a start-up culture through encouraging and supporting enterprise education in the UK.
Tycoon is a national enterprise competition for students aged 6-18, where each team writes a business plan, is lent money, starts a business and trades, while competing with other student businesses from other schools and colleges through a kickstarter-style platform in a safe and controlled environment.
The Tycoon Challenge for NHEHS teams has been running from November until the end of March. The groups initially focused on their business plans with Miss Adam, which has to include an executive summary, costs, market research, competitor analysis, a financial forecast plus a marketing plan. Their plans were submitted to Tycoon Enterprise to see if they were accepted for a loan of up to £100 each.
The overall winner of the competition will receive £1000 to be invested in their business, while finalists will be invited to attend a prestigious Tycoon Final, previously held at Buckingham Palace and Windsor Castle. Businesses are judged on eight criteria, including profit made, creativity and innovation, problem solving, financial skills, self-management and resilience, communication, digital skills, teamwork and leadership. There will be a national scoreboard on the Tycoon Enterprise website to gauge how all the teams are getting on compared to their peers up and down the country.
This year we are delighted to announce that we have 7 teams (7 businesses) – six Year 8 teams and one Year 12 team, representing 30 students in total who successfully submitted their business plan to receive their loans.
We thought we’d share how some of our fledgling businesses are doing and encourage you to check out their social accounts and websites. They will also be selling their products at the Enterprise/Tycoon Fair at school at lunchtime on March 21st, so students, please bring some money to buy from them!
TOTE-ally
“We are TOTE-ally. We sell tote bags which are handmade and hand painted. They are eco-friendly and high quality. Our stickers are also very high quality and trendy. Check us out on social media;
Scrubs & Slimes
“Hello! We are Scrubs & Slimes, a business competing in the prestigious Tycoon Enterprise Competition. Our team is made up of Charlotte C, Esha K, Isabella D, Abi F, Lucy A and Edith J. We are all students from NHEHS, and we all have the same goal in mind: Ensuring that you all enjoy your products and live life in a happy, stress-free manner! Each member of our team has their own incredible individual attributes, and this makes us such an incredible collective. What separates us from all the other businesses out there is our can-do attitude and our unique, home-made products. There’s something for everyone to enjoy here at Scrubs & Slimes!”
X0Lips
“We are Anni, Serena, Lizzie, Iskra, Olivia and Kat and we are x0Lips. We are a small business aiming to provide the best lip products for our customers. We sell many different products including lip balms, lip oils and lip glosses with a variety of flavours, colours and sizes to fit your needs!”
All of our products are cruelty free and are made with high quality ingredients.
Final Touches
“We are Final Touches (Natalie Anders, Sophie Xin Yi Ann, and Darcey B) and we sell subtle but sweet claw clips, bracelets, and t-shirts. The claw clips have a unique design on all of them which are hand painted with care. The jewellery is attached with lobster clasps to ensure security, the designs are also aesthetically pleasing and they go with any outfit. These t-shirts come with simple and trendy designs of which can be worn with our handmade jewellery and claw clips.”
Haze Candle Shop
“We are Haze Candle Shop and we sell a range of different scented and coloured candles. All of our candles are handmade and comes in a glass jar with a sticker and an option of personalisation.”
Malo
“This is Malo, we are taking part in the Tycoon challenge this year! We are a small cosmetics business and will be selling lip scrub, body scrub and lip gloss in a variety of colours and flavours, for our lip gloss we can give free add ons (e.g. glitter).
Here is our website. We have an order form, for ordering, and a review form, which you can give us a review on! Both of these forms can be found on our website, one on home page and the other on FAQs.”
Click here for our order form!”
Gems & Beads
We are a Year 12 business that aims to promote individuality through a wide range of bracelets that can be customised to resonate with each consumer.
Good luck to our budding entrepreneurs – we look forward to see how you get on!
