8 ENTERPRISE COMPETITION Win a VIP night out!
WORLD OF OPPORTUNITY
Welcome to Manchester Airport s Community Network 10th annual Dragons Den ABOUT US PROMOTE SKILLS The Airport Community Network is made up of Airport employees and service partners. Together they aim to inspire students to be excited to work in business and to learn key business skills. The A C N members have used their knowledge and experience to design this Dragons Den programme to promote skills that business leader s value: Team building Entrepreneurs Business skills Communication skills Money management Problem solving
Teams made up of up to 6 students set up as a virtual business; design an innovative gift, work out how to manufacture it and write a business plan. We will CHALLENGE allocate your team a business mentor who will support, guide and encourage them via team meetings, emails and video calls. Teams will bring their gift idea and business plan to the Dragons Den at Manchester Airport in October and bid for a business start-up loan of 100. Once they have secured the loan, teams will purchase materials, make their gift and market and sell the product to their local communities. The overall winner will be the team that declares the most profit at the Grand Final in December. There are also other prizes for recognising skills in presentation and innovation. All profits made will go to your chosen charity or hospice from this selection; Challenge your students to develop an innovative gift retailing for 5 or less!
Citizenship Functions and uses of money, the importance and practise of budgeting, and managing risk. CURRICULUM LINKS Participate in volunteering and other forms of responsible activity, to take into adulthood. Maths An understanding of the maths skills needed for personal finance, ready for when students leave school. To understand and calculate gross and net profit, loss and percentage return. Select and use appropriate calculation strategies to solve increasingly complex problems. The competition also links students to their communities and acts as a great link to Duke of Edinburgh Awards and CV writing. Team work Communication Problem solving Design and production Marketing and sales Budget management Presentation and sales skills The Dragons Den Challenge develops many skills that are needed by students as they progress in their journey to the workplace. Statutory careers guidance and inspiration Offer pupils to develop entrepreneurial skills for self-employment. Allow pupils to tackle real life challenges - managing risk, decision making, team building and problem solving. Gain confidence and practical know-how and attributes that are relevant for employment.
The Airport Community Network can provide you with a business mentor, who will be introduced to you as soon as you apply. They will work with you and your teams to give support and help throughout the competition. ion. Support will include: BUSINESS MENTORS Our Mentor is an irreplaceable contribution to the team. He has given us valuable information and help to assist us with our project, giving us tips on sales, production and how to manage a business. Presentation skills Sales and marketing Design Finance Production Managing a business John our Mentor has worked with us since 2013. His contribution has been invaluable. John advised me on all the potential pitfalls of the competition process so my inexperience did not act as a barrier to the students success.
PRIZES Awarded to the team that makes the most profit. 1 ST PRIZE A VIP evening! with return transport A 3 course meal. Tickets to Wicked the Musical at the Palace Theatre, Manchester City Centre. Awarded to the team with the; Best Presentation Most Entrepreneurial Idea Excellent Teamwork Runners up Trophy and certificate awards presented at the Grand Final.
20,234 was raised in 2017 for 5 local hospices and charities My communicationn skills are so much better now. 98% of students enjoyed their experience The business mentors and realised that business shared their invaluable was harder than they experience. first thought! Being involved in Dragons Den has helped me increase my confidence. My students have learnt all about business and have a better financial awareness. s. This enabled our students to improve the standard ard of research displayed in their GCSE coursework.
Q &A s The students contact their old primary Last Year s Winner St Anthony s Catholic High School schools to find out when their Christmas fair is. We also use social media to advertise our products and have a stall at the local shops and markets without cost. What do you think motivates your students? Self motivation, having a clear goal towards rasing money for charities. How to you find sales opportunities? Top Tips to success.. Q A Use social media Be motivated Have a goal Have fun
KEY DATES Application 29 th July 2018 First visit to the Dragons Den at Manchester Airport Business plans must be submitted on the pro forma before 29th September. 16 th October 2018 Sales opportunity at Manchester Airport. 30 th November 2018 TBC Grand Final at the Holiday Inn, Manchester Airport. 2nd visit to the Dragons Den Business and finance evaluations must be submitted on this date. Winning group Prize Limousine transfers, VIP evening meal 10 th December 2018 14 th December 2018
APPLY Here s what you need to do You will need to form a team of no more than six students from Years 9 or 10. Return the completed application form at the back of this brochure as soon as possible but no later than Sunday 29th July 2018. Places are limited and allocated on a first come, first served basis, so get your application form in quickly! Once you have registered, you will receive a letter from Manchester Airport confirming if you have been lucky enough to secure a place.
RULES Teams must not exceed 6 in total. Students must be in Year 9 or 10. Teams must identify different roles for each team member. The product must retail at 5 or less. It must be fit for purpose and the students must make it or procure the material to make it. You can make an edible product but you must list the ingredients e.g. if it contains nuts. Schools can sell the products widely at their discretion. You should identify your own sales opportunities as well as those offered by the Airport. Teams are advised to create a twitter account for their business and update it regularly, keeping us informed about their progress and sales opportunities. The overall winning team will be the one that makes the most profit. You must evidence costs associated with production, expected sales and profit margin and target market All profits must be declared at the final and paid to one of the following charities and hospices; St Ann's Hospice, East Cheshire Hospice, Manchester Children s Hospital, Hope House and Francis House Children s Hospice. A representative from your hospice or charity will introduce themselves to you and offer additional advice and support throughout the competition. The 100 loan from the dragons must be repaid at the Grand Final (unless you have not recouped the investment from sales.)
Application Form Return to joanna.jackson@manairport.co.uk Name of School Which charity would you like to support? Agreement of the Head Teacher. I confirm that: Our team will comply with all the rules of the competition Students will have the support of a teacher in the school Students will be taken to both Den meetings and the Sales Activity Authorisation will be obtained from the parents All profits from the competition will be donated to your chosen charity Permission is granted to film or photograph your students Name of Head Teacher Signed School telephone number Name and email address of teacher managing the team. Team year group How many members?
TEAMWORK STRATEGY ANALYSIS RESEARCH INNOVATION PLANING
BRINGING THE COMMUNITY TOGETHER THROUGH ENTREPRENEURSHIP