Posting by Ranjit Hayer, BTEC Business teacher
Dragons Den, eat your heart out!!
Last week the current Year 13 students on the BTEC Extended Diploma Business course completed a presentation on their Business Plan ideas to outside businesses.
Representative from npower and McDonalds, as well as the College Principal Paul Ashdown, were present to watch Year 13 students explain their new business ideas, which ranged from adventure holidays to smoothie bars to ice cream parlours.
The students had to come up with viable propositions for new businesses and present their plans as if they were pitching for financial backing, similar to what you see on TV in Dragons Den. The students went through how they decided on their ideas and what market research had been carried out to increase the chances of their business surviving under the current economic conditions.
All the presentations were well planned; some even had props, with mock ups of the proposed stores. The observers posed questions to see how well the students were at answering questions under pressure. Those watching the presentation commented how good the ideas were and commended the students for the detail that they had gone into.
Everyone who attended enjoyed the activity and the students learnt a lot, including skills that will benefit them when they enter the employment market themselves. If any harbour ambitions to start their own businesses in the long term, this experience will have provided a taste of what they can expect when pitching an idea.
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