Selected pupils from our Business Studies Department are testing their entrepreneurial skills in a competition initiated by original Dragons' Den member, Peter Jones.
Open to UK pupils, the Tycoon Enterprise Competition is the Peter Jones Foundation For Enterprise’s flagship school and college-based competition. This free competition encourages the nation’s budding entrepreneurs by giving them a start-up loan to set up and run their own business at school or college.
Business Studies teacher, Ms Adams, explains: “Every participating team writes a business plan, is lent money, starts their business and trades, competing with other pupil-led companies through a sophisticated kick-starter style platform, in a safe and controlled environment.
“At the heart of The Tycoon Enterprise Competition is the opportunity to develop enterprise skills, which can significantly improve the life chances of our pupils.”
The selected Westminster City School businesses are: Diamond (accessories and beauty), WAIM clothing (t-shirts), Aero Space (stationary) and Crowns (sweatshirts). Our participating pupils have relished running their own business, with feedback including: “Our experience was great, as we enjoyed turning our dreams into reality” and “We went through multiple challenges, but overcame them and continued with our goal, which was to make profit.”
Those who attended last term’s Westminster City School Xmas Factor concert may have seen some of our young entrepreneurs in action, running their own stalls as part of the competition. As one of the pupils involved said: “We all saw the opportunity to make more profit, so we sold outside our School’s Christmas talent show!”
We’re sure Peter Jones, the British entrepreneur, businessman and last remaining original investor on BBC Two’s Dragon' Den, would approve!