Business training for Young Enterprise participants
Young Enterprise, the competition which gives sixth formers a chance to set up and manage their own companies, will this year place a special emphasis on providing comprehensive business training to the participants. While retaining the motto Learning...
Young Enterprise, the competition which gives sixth formers a chance to set up and manage their own companies, will this year place a special emphasis on providing comprehensive business training to the participants.
While retaining the motto Learning By Doing, by offering hands-on experience in various aspects of enterprise, the programme will also give the participants professional training and advice throughout the year. The training sessions will be tailored for the different roles of each team member and will be structured throughout the year depending on the stage of the company's life.
Through the HSBC Young Enterprise Company Programme, which is in its 21st year, first-year sixth form students are given the opportunity to form teams, set up real companies and come up with innovative products and services.
Last year's winning team, Spiral, managed to develop a Maltese SMS dictionary (Malti9), a product that attracted telecommunications operator Go, which is negotiating with the Junior College students to buy their patent.
This month, students from Junior College, De la Salle, St Aloysius, Giovanni Curmi Higher Secondary, Mcast, Verdala International and St Martin's, will be given the opportunity to set up their own teams by filling in the application forms available online (www.youngenterprise.org.mt).
Karl Gouder, Young Enterprise's chief executive officer, explained that the teams should be made up of 10 to 15 individuals who are ready to work hard and enjoy the great rewards of the programme.
Mr Gouder explained that students who participate in Young Enterprise gain valuable work experience, develop their self confidence, make lots of friends and learn how to deal with basic issues such as decision-making, time management, dealing with difficult people and problem-solving.
He added that no business experience is required and there are no financial risks involved because students are not allowed to take loans or invest more than €15 of their own money into their companies. As with previous years, teams are encouraged to come up with innovative ideas that solve problems.
Last year saw products such as devices to save water and petrol, which were also environmentally-friendly, economical and profit-making.
Products can also be imported or subcontracted since the emphasis of the programme is business management and enterprise rather than manufacturing products.
After nine months of hard work, the companies vie against each other for the title of Company of the Year Award during the finals that are held in July. The winning team will fly to Rotterdam, Holland, to take part in the European finals to compete against the winning teams of 42 other nations.
While retaining the motto Learning By Doing, by offering hands-on experience in various aspects of enterprise, the programme will also give the participants professional training and advice throughout the year. The training sessions will be tailored for the different roles of each team member and will be structured throughout the year depending on the stage of the company's life.
Through the HSBC Young Enterprise Company Programme, which is in its 21st year, first-year sixth form students are given the opportunity to form teams, set up real companies and come up with innovative products and services.
Last year's winning team, Spiral, managed to develop a Maltese SMS dictionary (Malti9), a product that attracted telecommunications operator Go, which is negotiating with the Junior College students to buy their patent.
This month, students from Junior College, De la Salle, St Aloysius, Giovanni Curmi Higher Secondary, Mcast, Verdala International and St Martin's, will be given the opportunity to set up their own teams by filling in the application forms available online (www.youngenterprise.org.mt).
Karl Gouder, Young Enterprise's chief executive officer, explained that the teams should be made up of 10 to 15 individuals who are ready to work hard and enjoy the great rewards of the programme.
Mr Gouder explained that students who participate in Young Enterprise gain valuable work experience, develop their self confidence, make lots of friends and learn how to deal with basic issues such as decision-making, time management, dealing with difficult people and problem-solving.
He added that no business experience is required and there are no financial risks involved because students are not allowed to take loans or invest more than €15 of their own money into their companies. As with previous years, teams are encouraged to come up with innovative ideas that solve problems.
Last year saw products such as devices to save water and petrol, which were also environmentally-friendly, economical and profit-making.
Products can also be imported or subcontracted since the emphasis of the programme is business management and enterprise rather than manufacturing products.
After nine months of hard work, the companies vie against each other for the title of Company of the Year Award during the finals that are held in July. The winning team will fly to Rotterdam, Holland, to take part in the European finals to compete against the winning teams of 42 other nations.