A group of sixth form students from the Skegness Academy attended the Young Enterprise Area Final where their business, named Tiempo, won awards for the Best Teamwork and the best use of Social Media On Wednesday, March 25.
The students have been taking part in the Company Programme run by Young Enterprise, an educational organisation that encourages young people to take an active part in business.
The group has set up a business which produces vinyl clocks and bowls, as well as newspaper gift bags, in order to make a profit.
Everything to do with the business has been done by the book.
They are officially registered with Companies House and paying all their taxes.
The business also has people assigned to carry out: Operations - Sitthikon Kirasan; Finance - Farid Ahmed; Marketing - Emily Grandison; Administration - Charlotte Smith; Sales - John Taylor; Human resources - Joe Marshall; ICT - Dominic Mitchell.
The business financed itself initially by selling shares to each member and by fundraising within the Academy.
This raised the ‘start-up’ capital required for Tiempo to become a legal company and generate an initial supply of stock.
Duncan Moffatt, Tiempo’s Business Advisor, who has brought a wealth of business knowledge and expertise to the team, said: “A well-deserved success last evening, you should all be very pleased with the outcome. I was particularly proud of the way you presented yourselves, a credit to the Skegness Academy and an achievement which will serve you all well in your future career.”
Principal of Skegness Academy Mrs Silvester, said: “I am incredibly proud of Tiempo, to win two awards at the area final is simply amazing”
“The Company Programme has given these students the chance to set up and run a real business under the guidance of a business volunteer. They have had practical hands on experience of the highs and lows of owning a company which has helped to embed the business skills they have been covering in the courses,”she added.