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14 December 2016

Business Enterprise 2016

As part of our Business Enterprise programme for Sixth Formers, pupils once again formed two Business Enterprise Groups to meet the annual challenge of forming profitable business plans, with the ultimate goal being to create profits to donate to their chosen charity which this time is the Louis Ross Foundation www.louisross.org.  One group decided on a new, personalised clothing brand, and the other a Canford scarf incorporating the school colours.  The aim was that the business plans based on these ideas would be strong enough to impress investor Adam Mowe from Investec, along with Klara Lorenz from the London School of Economics, who both visited Canford on Friday evening to listen to the team pitches and give feedback and suggestions on the quality and credibility of their plans. 

Two pupils representing the teams wrote of their experience:

"Our business, Loco is a clothing brand, which adapts popular culture logos to create styles and trends, and example of this was adapting the ‘B’ in the Bentley logo into an ‘R’ for Ross, whose charity it is we’re trying to raise as much profit for as possible. We currently have two designs and are hoping to sell both to people related to Canford, and to customers outside of the school, by the use of social media.

In our Monday enterprise sessions we started by brainstorming ideas, it took around a month and a half to finalise an idea, however once we had confirmed the idea, we proceeded to research suppliers, create balance sheets and conduct market research."

Tom Patrick - Lower Sixth Former, Franklin

"Over the term we have spent our Monday enterprise forming a business in which the profits that we generate go towards the Louis Ross Foundation - a charity which was very close to the hearts of many in the group. Initially we were faced with the task of developing a product which would be profitable and realistic, thus we made the decision to create 'Canford Blue and White' which was a brand of Canford scarves that we hoped to sell to pupils, parents and staff at Canford school. In order to gain the finance to put our business idea into action we were then required to pitch a presentation of our business plan to a group of investors, through which we managed to obtain the funding to go ahead with our business project which we will continue to carry out through the year."

Iona Sheerin - Lower Sixth Former, Salisbury

This was an extremely valuable experience for our entrepreneurs, with groups impressing enough to win a £500 investment into starting their businesses.  We are very grateful to Adam and Investec for the investment opportunity and to Klara for her helpful insights.  The teams can't wait now to bring their plans to fruition in 2017.

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