Young Enterprise
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| Young Enterprise | |
 |
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| Founder(s) | Sir Walter Salomon[1] |
|---|---|
| Founded | 1962[1] |
| Key people | Sir Michael Savory (Chief Executive) Michael Geoghegan (Chairman)[2] |
| Area served | United Kingdom |
| Focus | Entrepreneurship |
| Members | 324,924 participants (2005/06 academic year)[2] |
| Slogan | Learning by Doing |
| Website | young-enterprise.org.uk |
Young Enterprise is a not-for-profit organisation in the United Kingdom involving students typically in their late teens, which allows them to start and run their own business usually for the period of one academic year.
In such an arrangement, students form a business, create, sell, and market products, and attempt to generate profits to be distributed to shareholders. A business advisor, a volunteer arranged by Young Enterprise, is allocated to their business to help in decision-making.
There is also a multi-layered competition element to find the best overall companies and departments at local, regional and national level, in which candidate business have to create a trade stand and a presentation based on their specific businesses history and their product performance in the marketplace.
At each of these events - local, regional and national level - judges mark each businesses' efforts and present awards that often include Best Presentation, Best Innovation, and Best Trade Stand. Success in these awards counts towards the likelihood of a Young Enterprise company being presented with the Best Overall Company award at each level.
Young Enterprise also provides programs designed specifically for younger students to encourage their involvement in running a business.
The Young Enterprise Mission: "To inspire and equip young people to learn and succeed through enterprise."
The Young Enterprise Vision: "That all young people will have the opportunity to gain personal experience of how business works, understand the role it plays in providing employment and creating prosperity, and be inspired to improve their own prospects, and the competitiveness of the UK."
