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School Enterprise Ideas ????

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some of you might know what young enterprise is but if you don't its basically a scheme through school were you set up your own business, you get a loan from the bank and you are actually registered a… Read More
wazb Avatar
9y, 7m agoPosted 9 years, 7 months ago
some of you might know what young enterprise is but if you don't its basically a scheme through school were you set up your own business, you get a loan from the bank and you are actually registered as a business, the first thing we need to do i decide on a product, we had wood and plastic available to us and equipment to shape and cut it, cad cam, lasers etc.., we had a brainstorm session today and the best thing we could come up with is a wooden puzzle but i'm not sure on it, i need product ideas or services that we can sell lots of and produce cheaply, i can buy stuff from the net a customize it, will be creating a website and tv advert for the product, last years winners made a puzzle which could be solved in like 100 ways, any one got any good ideas??? btw we will be selling the product in the net, trade fair, local shopping centre.
wazb Avatar
9y, 7m agoPosted 9 years, 7 months ago
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#1
wazb
some of you might know what young enterprise is but if you don't its basically a scheme through school were you set up your own business, you get a loan from the bank and you are actually registered as a business, the first thing we need to do i decide on a product, we had wood and plastic available to us and equipment to shape and cut it, cad cam, lasers etc.., we had a brainstorm session today and the best thing we could come up with is a wooden puzzle but i'm not sure on it, i need product ideas or services that we can sell lots of and produce cheaply, i can buy stuff from the net a customize it, will be creating a website and tv advert for the product, last years winners made a puzzle which could be solved in like 100 ways, any one got any good ideas??? btw we will be selling the product in the net, trade fair, local shopping centre.

What about like a thing for childrens names out of wood or make your own glockenspiel
#2
couldn't do the children name thing as it would need to be made to order and cant really do that, but the musical thing sounds good, but wouldn't that need metal?
#3
i was thinking of something like this http://www.frik-n-frak.com/Mini-Soma-Cube-Puzzle_p_60-1945.html, or http://www.frik-n-frak.com/Golf-Hazard-Puzzle_p_101-1938.html

realy like the golfball one, so was thinking of buying one then just copying it, will that be hard? Also any one know of blueprints or how to guides to make wooden puzzles??
#4
What's the idea of it is it the best product that wins or the most profit?
#5
At school the young enterprise lot just organised school discos, sold tickets, also sold the necklace luminous lights (forgot what there called!) and glow sticks!

This worked very well, disco's were always full although when it was found out alcohol was getting in, they stopped quite briefly!
#6
basically its there are different awards for best products, best business plan, and best presentation, last years group won the slough competition then the Berkshire then the south east then the south competition, the winners of the national competition get £10,000, but last years group made a profit of £300 each. i suppose party organizer could be a service, but really looking to market the product online as well to maximize sales
#7
Buy a Wii.
Buy a projector
Buy a 4+ player game.
Have a big school competition/tournament with a prize for the winner.
£3 (or something) buy-in.

Profit!!
#8
lol if only it was that easy, i think we have to make a product or get a product and customize it, and needs to be shown of at the trade fair, the target group isn't really school kids, more like adult market hence why i though the puzzle thing was a good idea.
#9
does it have to be marketed this side of xmas? If so think of something that will be a good xmas pressie ( IE jewellry boxes for mums, sisters, aunts, nans etc) with xmas that would do well. Theres wooden love spoons that are popular and expensive to buy( yours could undercut current retail prices.)
Wooden Keyrings with fun quotes on.
OR go for something totally origional... like wooden perfume/aftershave box.
#10
Also, if you're allowed mobiles in school then you could try sending advertising images out via bloothooth. :)
#11
when we did young enterprise we got through to the area final twice. First year we made pots and name plaques out of clay second year we shrunk crisp packets and made keyrings- for some reason folk went daft for em
#12
i like the crisp packet idea, do they retain the shape and color and its just the change in size also how would you shrink it an oven? also i think it will be marketed about January time i think.
#13
market before christmas get to local craft fairs thats where we did the majority of our business!!!!!!!!

The chrisp packets sometimes go a little squiffy and some melt but hey they're plentiful!!! they only need to be in the oven for seconds ( I actually think we shrunk some 'em over a bunsun burner when we had loads to do. The grill works well too. But honestly we are talking seconds!!!! )
#14
jennybubbles
market before christmas get to local craft fairs thats where we did the majority of our business!!!!!!!!

The chrisp packets sometimes go a little squiffy and some melt but hey they're plentiful!!! they only need to be in the oven for seconds ( I actually think we shrunk some 'em over a bunsun burner when we had loads to do. The grill works well too. But honestly we are talking seconds!!!! )


make sure you take the crisps out first though ;)
#15
wazb
couldn't do the children name thing as it would need to be made to order and cant really do that, but the musical thing sounds good, but wouldn't that need metal?

no just wooden

Any kinda diy kit is kool -
#16
we're thinking of doing tutoring, but on reflection it seems a bit labour intensive, any ideas on buying something en masse and then just a quick job of personalising it, and being able to get away with that, last year they bought ties and just stuck badges on em and sold em, any ideas of something like that, or just as good?
#17
How about Trendy Betta Splendin fish tanks? They really just need to be a cube of food/fish safe plastic and maybe a nice wooden frame? Think I might make one myself for my one!
*Wanders off drawing plans*
#18
logical_zombie
we're thinking of doing tutoring, but on reflection it seems a bit labour intensive, any ideas on buying something en masse and then just a quick job of personalising it, and being able to get away with that, last year they bought ties and just stuck badges on em and sold em, any ideas of something like that, or just as good?

Name plaques for doors,mugs, keyrings,badges (buy a cheep badge maker) christmas tree bobules,picture frames...
#19
Why dont you set up a penfriend thingy

Or maybe a penfriend for the 360 - say a parent has a child who is a loner they give you £5 fee for a year and you put information about them on a database - what they like - fav sports etc and as you get a collection of like 100 people you match the kids up with each other so they play someone online who is similar to them -AGE WISE TOO

So call it XBOX LIVE GAMER PALS

I came up with the idea a year back but never acted on it

Basically find kids a friend to play online with....... simple

Let me know if you like it as it costs nothing and you could make a few thousand if it gets popular

Ideas Copyrighted btw so no stealing - but you have my permission to use it for yuor enterprise thingy
#20
thanks dando, i think that's a bit advanced for young enterprise, especially as our teachers are a bit incompetent and will probably say no due to the amount of work and it being unfamiliar territory, they basically said stuff along woodwork or services like cleaning cars, however i'll offer a bit of my time to your project if you do want some help when u do come to setting up, at least it's something to go on my cv, don't expect to be paid btw, unless of course you hit the jackpot in which case i want a company car lol. will do it for free as i'm prob a typical teen gamer who'll opt for your sort of thing, can't help thinking the clan system has already taken a bit of ur market already though, pm me if you're interested, prob forget about this thread in a couple days time so just to make sure i get your response. BTW Jennybubbles, your ideas are waht i was thinking of, any idea on prices, demand for that sorta thing and suppliers? (sorry if i'm asking a bit much)
#21
nope zombie dude but I'll have a look around for you tomorrow going off line now but will try and check in the morning
x
#22
If you need to raise more money for materials etc - sell shares in the company to the teachers - thats what they did in my school!
#23
thanks a lot jenny, please don't go out your way, it just seemed like u'd been there and done that so maybe had some contacts or idea of what's going on, please don't go out your way, it'll only be wasted on us lazy 6th formers. Thanks a lot for the tips so far kelly and co, i think my teachers are gonna be the first port of call with parents and family being the bail out guys.
#24
logical_zombie
thanks dando, i think that's a bit advanced for young enterprise, especially as our teachers are a bit incompetent and will probably say no due to the amount of work and it being unfamiliar territory, they basically said stuff along woodwork or services like cleaning cars, however i'll offer a bit of my time to your project if you do want some help when u do come to setting up, at least it's something to go on my cv, don't expect to be paid btw, unless of course you hit the jackpot in which case i want a company car lol. will do it for free as i'm prob a typical teen gamer who'll opt for your sort of thing, can't help thinking the clan system has already taken a bit of ur market already though, pm me if you're interested, prob forget about this thread in a couple days time so just to make sure i get your response. BTW Jennybubbles, your ideas are waht i was thinking of, any idea on prices, demand for that sorta thing and suppliers? (sorry if i'm asking a bit much)

Id love to set it up but i dnt have a clue how id go about it - im sure theres some money in it - not to make a living but maybe on the side
1 Like #25
yeah were selling shares and have a meeting with o2 for sponsorship in November, i don't really want to do a service, i chose the best DT guys so they can design and produce stuff, but the idea of buying in bulk and customizing is a quite a good idea its just getting the product, the thing with ties its only appealing to one market, i found a good article about young enterprise taken from the times,


times article http://business.timesonline.co.uk/tol/business/enterprise/young/article599537.ece

Do your homework
Don't launch a product or service without market research, Rebecca O'Connor tells fledgling entrepreneurs in the Young Enterprise programme



With their fledgling businesses just off the ground, students of Young Enterprise's company programme are in the process of developing their product and service ideas. The next step is use market research to test whether their chosen offerings will make it in the marketplace.

Once they have drawn up their shortlist of possible products or services, Young Enterprise companies should ask themselves and their potential customers detailed questions about each idea.

"It's easy to make assumptions about your business idea based on a gut feeling, but these predictions can be at odds with reality," says Nick Coates, head of research at FreshMinds, the graduate recruitment consultancy.

"Market research can challenge these assumptions and provide a fresh new perspective on your business venture. It will help you decide whether there is a broad enough target market for your product and also whether it has the potential to compete successfully with existing competitors in the market."

Last year Young Enterprise company Supernova, from the Rougemont School in Newport, recognised that discovering what customers wanted was essential.

Rory Sweeney, managing director, says: "Customer satisfaction and demand were a major focus for Supernova as we believed that manufacturing a product demanded by the public would be a key to success. We produced a shortlist of ten feasible product ideas and carried out detailed market research.

"The results clearly showed that the majority of people thought that our 'Junction 49' guide to facilities along the M4 was the most innovative product and 70 per cent of that majority said they would purchase the product if we made it to a high standard. From this we made our decision to manufacture 'Junction 49'."

A question of profit

As well as investigating the popularity of the proposed product or service, Young Enterprise companies must also consider how to finance it. They need to predict cash flow, and discard any ideas that would prove too expensive.

It is essential to work out how much each item will cost to make and at what price is can make a profit when sold.

Ed Boyes, managing director of Tops Off, from Hymers College Hull, which last year produced credit card sized bottle openers, says: "Our team ventured into Hull with a prototype of our bottle opener and conducted a questionnaire.

"This proved to be effective primary market research and allowed us to identify our target market of 17-24 year olds and determine a price that would satisfy our customers and our finance director."

But market research should not just be a one-off exercise. It is important to update the research as the year progresses. Ed says: "Prior to the Stratford National Trade Fair we researched Stratford and its surrounding area and found that it was made up of higher socio-economic groupings compared to our usual market, Hull. We used the research findings to alter our price levels and maximise our profits."

With the market research completed and the product or service chosen, the next step is producing the business plan. More on this next week.

To find out how you can get involved in the Young Enterprise Company Programme click here.
#26
Most teachers will want you to do something pretty basic cause they know they more complicated ideas take a lot longer to get off the ground..

As previously said.. Keyrings etc are quite easy to do for example:
http://www.plastics-direct.co.uk/ get the blank plastic keyrings for pennies each, then either use your own paper or the pre-cut sheets ( more expensive). You could then either take orders or maybe in lunchtimes set up a stall and useing a laptop & Printer make them to order.. £1.50-£2.00 a keyring and your laughing.

Could do some premade ones with photos of celebs etc

Or could maybe set it up with a card reader.. get students to bring photos up from their phones and print off the photos they want into keyrings
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#27
thanks for that detailed analysis wazb, check rep, thanks a lot titch can't forget you however titchy you are, joking.
1 Like #28
supliers of keyrings and costers ect

http://www.plastics-direct.co.uk/?gclid=CLr2_a3a1o4CFQrolAodihKw9g
http://www.micromagneticsltd.com/acatalog/rectangle_keyrings.html

also check your schools art catalogue
Mugs I'm struggling with all the cheepy supliers apear to be in china so not sure how feasable that is I'll keep looking though
Perhaps Ikea if you have one near you?

Or try and get some local bussinesses involved too If you have a local pottery ask if they have seconds that the could sell you cheap?
#29
thanks for those key ring websites, rep added, i was looking at these http://www.micromagneticsltd.com/acatalog/17mm_Split_ring.html#a160
and attaching them to the shrunken crisp packets, also thinking about a novelty store so key ring mugs, maybe bottle openers. Also like the idea of getting local business involved, this may allow us to create a better quality item and maybe at a discount rate. could even get some stuff for free if we offer to advertise for them.
#30
Its no use, all three businesses started at our school went to pot. One was successful with over 1k's worth of profit in six months but nobody had much input. Though year above mine, a lad is making a shed load from selling sports equipment, maybe something you can take an interest for.

It seems like you've just come on here to get somebody's idea and steal it, if your successful they'll be after you with a stick staying give me shares :) Brain storm with your group. Its YOUR enterprise.
#31
wazb
thanks for those key ring websites, rep added, i was looking at these http://www.micromagneticsltd.com/acatalog/17mm_Split_ring.html#a160
and attaching them to the shrunken crisp packets, also thinking about a novelty store so key ring mugs, maybe bottle openers. Also like the idea of getting local business involved, this may allow us to create a better quality item and maybe at a discount rate. could even get some stuff for free if we offer to advertise for them.


Maybe we did it wrong but we found that only one in 5 or so crisp packets shrunk well so may take a lot of packets :giggle: Not sure of their durability either.
#32
Titchimp
Maybe we did it wrong but we found that only one in 5 or so crisp packets shrunk well so may take a lot of packets :giggle: Not sure of their durability either.

We had about a 90% rate of sucsess but please bare in mind this was a decade ago so chances are the chrisp packets have changed
#33
kelly_o_fanatic
If you need to raise more money for materials etc - sell shares in the company to the teachers - thats what they did in my school!


they did this in my school too, but students were also allowed to by shares. gave a tidy sum to buy materials.

we made felt work stuff, accessories for hats/clothing, keyrings, bags. easy to do with some imagination and cheap, felt, thread and copydex
#34
New idea for the mugs Boys....
Asda 19p each
decorate with names and pics sell on for a couple of ££
:thumbsup:
#35
Are these online ? on just in store.
#36
wazb
Are these online ? on just in store.

I have no idea :lol: saw them instore though
#37
Forgot to say, Alcohol and cigs both sell well at school.............

(Was 50p a stick at school, what a con! :giggle:)
#38
somehow i don't think we're gonna be able to get away with that iom, still a nice earner on the side.
#39
A big water tub to collect rain water with a garden hose attached. :w00t:

Would have to be pressurised in some way :p
#40
sorry gaia, don't quite get u, thanks for the input nonetheless.

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