Forge Entrepreneurs At Buckingham Palace

A team of talented young entrepreneurs from Ormiston Forge Academy have been confirmed runners up in the national enterprise competition Tycoon in Schools.

The ten sixth formers heard the result at a ceremony in Buckingham Palace on Tuesday March 10th, which was attended by nine groups of finalists and the competition founder, Peter Jones CBE.

The students impressed with their company, Backstage Bunting, which designs, produces and sells a fashionable range of decorative flags.

Backstage Bunting Managing Director Mohmana Shahid, 17, said: “It’s a dream come true to be a Tycoon in Schools finalist. We are humbled to be recognized by such a powerful business entrepreneur, our teachers and customers. It proves that hard work really does pay off.”

Speaking at the awards ceremony, Mr Jones said: “I was delighted to announce the winners of Tycoon in Schools at a ceremony at Buckingham Palace this afternoon with HRH The Duke of York, KG, Patron of The Peter Jones Foundation.

“The standard was so high this year that we decided to crown not one, but three winners. All of the teams have worked so hard and I have been bowled over by their enthusiasm and achievements throughout the competition. With thousands of students taking part, it has been the most successful Tycoon in Schools yet.

“I wish the teams the very best of luck and encourage them all to continue to develop their businesses – you never know how far your ideas can go. I urge all young, budding entrepreneurs to get involved in Tycoon in Schools 2015.”

Tycoon in Schools challenges schoolchildren from all over the UK to develop their own real-life businesses.

After pitching an idea to their teachers, they receive a loan of up to £1,000 from the Peter Jones Foundation to get their companies up and running.

They then raise as much profit as possible during a seven-week trading period, before submitting a final evaluation report to a panel chaired by Mr Jones himself.

The judges consider profitability, teamwork, business concept, sustainability and community engagement.

Ormiston Forge Academy Director of Business Studies Claire Bennett said: “I’ve been so impressed with the students’ dedication to each other, their teamwork and customer service skills. They took every day seriously. They celebrated and got frustrated and pulled through to develop a sustainable business model.

“They were excellent role models to other students and demonstrated a mature, professional attitude at all times. Tycoon in Schools has been an eye-opening experience of real world activities. They grabbed every opportunity open to them.”

Tycoon in Schools is part of the Peter Jones Foundation’s work to put enterprise at the heart of the education system.

Schools can register their interest for the 2015 competition by visiting www.tycooninschools.com.

Forge Students At Buckingham Palace

 

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