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Business students help local pupils to become entrepreneurs

Entrepreneurial young people in Nottingham have been given a helping hand to set up their own companies thanks to support from Nottingham Business School (NBS) students.

The Nottingham Academy, Purrfect for You team advised by NBS student, Martin Lycko
The Nottingham Academy Purrfect for You team advised by NBS student, Martin Lycko

Entrepreneurial young people in Nottingham have been given a helping hand to set up their own companies thanks to support from Nottingham Business School (NBS) students.

As part the of the Young Enterprise Company Programme, which involves 320 pupils from 16 Nottinghamshire Schools, 10 NBS students have been volunteering as business advisers alongside experienced industry professionals.

The Europe-wide business competition for school pupils aged 15-18 years enables pupils to start up their own company and operate it as a real business for an academic year. As part of the scheme, the groups have undertaken three Young Enterprise UK competition challenges, including selling their products at a market day, compiling a company report, and giving a company presentation.

The challenges were judged by experienced business professionals and the top five companies have now gone forward to the Nottinghamshire County Final on 3 May, with the opportunity to progress to the East Midlands, UK and then European finals.

This year’s winners were announced at a special celebration event which took place at Nottingham Trent University and featured a motivational speech by Prince’s Trust-supported magician, Scott Perry.

As business advisers, the NBS students have been acting as mentors and attending the weekly board meetings of the groups they're supporting.

Olivia Stiff, a second year BA (Hons) International Business student, has been accompanying a senior business adviser to Bilborough College each week. She said: “I’m acting as an external role model and providing specialist knowledge which I’ve gained from my course and experiences. I engaged in Young Enterprise while I was at school and I believe that this has helped me to fit into the role as well as I have done.

“My involvement also means I’m gaining unique leadership and strategic skills, so taking part in this initiative has been, and will be, incredibly worthwhile.”

Martin Lycko, an MSc Entrepreneurship student from Germany, has been working with pupils from Nottingham Academy. He said: “This is a great chance for the pupils to actually see what they can achieve, build self-esteem and develop their skills for the future. For me, I’ve been able to test the knowledge I’ve learned at NBS.”

Dave Perkins, Young Enterprise Nottingham Area Board vice-chair, said: “The involvement of the students brings an extra exciting dimension to the programme, adding tremendously to its intensely inspiring business learning theme for all involved. Feedback from the NBS business advisers is highly positive and, in turn, they are warmly welcomed in our Nottingham schools and by our experienced business advisers. It’s a win/win solution.”

Fiona Winfield, NBS employability coordinator and a Young Enterprise Board member, is keen to support Young Enterprise, which is advertised as an opportunity for students from across the University by the NTU Volunteering team. She said: “Not only is it a great experience for our students, it is also good to welcome the local schools into Nottingham Trent University for their training sessions and presentation evenings.”

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    Nottingham Business School

    Nottingham Business School is internationally recognised as a business school which combines academic excellence with impact on business and society and is considered amongst the top 5% of the world’s business schools. It holds international AASCB and EPAS accreditation, and has held 4* overall QS Stars rating since 2013, with 5* in five categories for the quality of its curriculum, teaching, research, business connectivity and international links. NBS courses are also accredited by all relevant chartered professional bodies.

    NBS is the leading business school in Europe for personalised and experiential learning. Each and every one of its 4,500 students has their learning experience increasingly tailored to their aspirations through the use of academic and industry mentors, analytics, and a comprehensive range of personal development and experiential learning opportunities.

    A leader in integrating experiential learning into the fabric of all courses at all levels, NBS’ pioneering in-company degrees benefit some 200 students through direct sponsorship by blue-chip companies.

    NBS was shortlisted for the Times Higher Education Business School of the Year 2016 award for its pioneering work. Visit the NBS website.

Business students help local pupils to become entrepreneurs

Published on 21 April 2017
  • Category: Business; Press office; Nottingham Business School

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