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ECONOMICS & BUSINESS NEWSLETTER ARTICLES

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  • Young Enterprise 10X Challenge

    Published 22/05/24

    Year 10 Business Studies students are currently engaged in the 10X Challenge. Each team of around 5 students are pledged £10 for four weeks to get their business idea off the ground. The challenge allows students to put theory into practice, develop their entrepreneurial skills and give them some experience of what it is like to run a business. Students have set up businesses selling goods ranging from bouncy balls to home-made bracelets and services from car washing to garden maintenance (see pictures). We wish them the very best of luck and look forward to hearing all about their experiences after half-term!

    Mrs Harris, Head of Business & Economics

    Before and after:

     

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  • Young Enterprise ~ Illumina 'Best Company' Award

    Published 24/04/24

    Five representatives from this year's Young Enterprise team, Illumina, competed against other school teams in the East London Finals of the Company Programme competition on Monday 22nd April. Students travelled to the BNY Mellon offices in London where they showcased their company. Students had already completed a detailed business report for the competition and needed to set up a trade stand to demonstrate and give information on their product - multisensory candles. The judges interviewed the five representatives at their stand where students explained their inspiration to improve mental health and how they came up with such a fantastic idea. They were then taken off to a separate interview room where judges more formally questioned them on the Company Programme process, their finances, experiences and next steps. After that, the team were greeted by other members of the team and parents who had travelled to London to show their support. Finally, the team needed to give a presentation to everyone at the event. They were the last to present but soon had the audience participating in finding hidden leaflets stuck to the bottom of their chairs to demonstrate the sheer number of people affected by a mental health problem. They did an excellent job of keeping their cool throughout the day. The most prestigious award - Best Company - was given to Illumina! The team were commended on their performance in all aspects of the competition and judges felt that this was a high-quality, professional product that could be a real success in the future.

    Well done to the representing students; Max Campbell, Evie Ngyuyen, Luke Winter, Jasreen Ghag and Ethan Abbate for their exceptional performances and hard work in the lead up to this event. They represent a large team who are also responsible for the ideas, acumen, marketing and production in the business. The team has been competently led by Max, who has shown tremendous resilience throughout the process, and we're glad that he was recognised for his diligence in this way. A big thank you to Max's parents, who have been pillars of support for the team, from turning their house into a candle production factory to driving heavy stock all over London for their various events to helping students improve their marketing skills - we are all very grateful.

    Illumina is going on to compete in the next stage of the competition in May, and we wish them all the very best of luck. 

    Mrs Harris, Head of Economics and Business

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  • Young Enterprise Team ~ The Journey Continues

    Published 25/03/24
    Greenwich Market ~ 13th March 24

    Last Wednesday, five members of the Young Enterprise Team went to Greenwich to compete against 15 different other schools based in London, at the prestigious Greenwich Market. With the team arriving at 9:30am, we were all excited about the day of trading we had ahead of us. We had prepared our stall with all of our handcrafted candles all on display, ready for the fair's opening at 10am. As the day progressed, our stall had sparked the interest of the public passing through the market. With various different customers throughout the day, this resulted in a sale of 26 candles, with some candles even being sold in French by one of the members of our team. As the day progressed, the judges had started coming around to inspect each of the stalls at 1pm. Keen to impress, we were prepared for any questions which we would be faced with. Once the judges arrived at our stall we confidently answered all questions regarding Illumina (our brand) whilst also showing off our unique selling point of our spotify codes linking to our curated playlists for our various different candles. Following the judges asking questions about our business, our team was in good spirits for the awards which followed at 2:30pm. Feeling confident, we were delighted that our team had won the ‘best product’ award. As a result of this achievement, we now look forward to the next upcoming competitions and sales where we can compete against other schools,  showing off our popular candles whilst also having the opportunity to sell.

    Fintan Fallon, Year 12

     

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  • US Trip of a Lifetime!

    Published 06/03/24

    On the 9th February, the Business and Economics department took 33 students to the United States of America. We flew into Washington and visited the iconic sites of the US Capitol, the White House, the Smythsonian museums and the Lincoln Memorial. We then took a coach to Philadelphia, where we were able to view the Liberty Bell and the famous Rocky steps and statue before heading off to New York. There we walked around Manhattan, took a ferry to the Statue of Liberty, went to the top of the Empire State Building, toured the Financial District and ground zero and battled through a snowstorm to visit the United Nations Headquarters. We also ate our weight in chocolate at the Hershey’s Chocolate World tour, listened to the 9/11 stories from firefighters at the FDNY store, posed with police officers at the Brooklyn 99 HQ in Brooklyn, rode the carousel at Central Park, cheered for players at the Brooklyn Nets basketball game and hung out with minor celebrities in Times Square. To be able to travel with this group was an absolute pleasure - they were inquisitive, excitable, friendly and incredibly well-behaved. They did their research and made sure they experienced everything these cities had to offer - I’ve never had a group want to retire to their beds so early, ready for the array of activities of the next day. This was a trip to remember for a lifetime!

    Mrs Harris, Head of Business and Economics

    After an 8-hour flight, we landed in Washington where we rested our heads before heading off to the Capitol Building.  We were given an incredibly detailed and interesting tour, learning the basis of the US Justice and Government system. We also walked along The Mall, seeing the Lincoln Memorial, Martin Luther King Jr's Memorial, the Vietnam Memorial and the White House to name a few. My friend and I also had time to look around the American History Museum, seeing Dorothy's red shoes and Jonny Coltrane's saxophone!

    Soon enough, we were driving to New York and on the way we made a quick pit-stop in Philadelphia, where we ran up the Rocky Steps and saw the Liberty Bell. Mrs Harris then let us eat lunch in this amazing food market and many of us tried a 'Philly' cheese steak, which was delicious. As we drove into Manhattan, we all screamed the lyrics to Empire State Mind, and we were so excited to start exploring New York City. The organised activities included a guided tour of the United Nations and the Hershey Store, as well as an evening trip up to the top of the Empire State Building. We also visited The Statue of Liberty and the Immigration Museums and got very cold on the ferries to and from the Islands! One evening, we saw an American basketball game, which was such a cool experience that I'll never forget. The trip was amazing as we were given enough freedom to do our own things, with Beth and I seeing 'Six' the Musical on Broadway and trying out New York's fast food and restaurants. Overall, the trip was an incredible experience and I can't wait to go back soon!

    Rosie Barnwell, Year 13

    The US trip was nothing short of amazing. I had no idea what to expect, having never been to America before, but I was very impressed with the tall skyscrapers and the rich history of a country that is so young in comparison to our own. I was, however, less impressed with the price of everything over there. I was shocked when the cashier at McDonald’s told me my meal would cost $22! I was very invested in the visit to the Capitol building and Ellis Island as it felt so surreal to step foot into places I’d only ever seen on TV, as well as enjoying the hospitality of the American people, which is an accurate stereotype as everyone is so friendly and helpful over there.

    While I did enjoy my time in Washington and Philadelphia, I would have to say New York was the best part of the trip. Visiting Times Square and the Empire State Building were lifetime experiences that I will definitely always remember, but a special mention has to go to my trip to Little Italy with Sophie. Unfortunately, we were unable to find authentic Italian food or people (sorry Ms Martucci and Mrs Giglione, we really tried!) However, it was a very telling experience about how America has developed as an immigrant nation and how it really is a melting pot of different cultures.

    Overall, I really liked my experience in the US and am very grateful to the Business and Economics department for organising such a spectacular and special experience, especially thankful to Mrs Harris for spearheading the trip (and Mr Cheuk for joining at the last minute and being exceptionally talented at locating lost items).

    Dionis Zaimaj, Year 13

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  • Watch out for the Year 12 Young Enterprise Team!

    Published 07/02/24

    The BGS Young Enterprise team has been working hard to create our business product. Our dedicated team of young innovators have developed high-quality candles. However, our candles are not like any other candles…

    Introducing ‘Illumina’, mood-sensory candles prepped with Spotify QR codes that can conveniently transport you to carefully curated playlists that link to the mood of the candle you buy. Scan, play and let the playlist match your candle's mood! 

    Some examples of these moods are: Joy, Calm, Nostalgia, Energise and Focus.  Therefore, give you a reason to light a candle at every moment! For when you’re bursting with energy or when you need a moment to relax or even if you need instrumental sound to help you revise. 

    Each candle is a work of art, elegantly crafted with a soft, pastel colour range and, most importantly, access to playlists perfectly synced to your selected mood. 

    Some extra dates if you’re interested:

    Old Spitalfields Market on Tuesday 27th February 
    Greenwich Market on Wednesday 13th March

    BGS Young Enterprise Marketing Team

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  • Young Enterprise Update

    Published 31/01/24

    The Young Enterprise team has been busy creating more candles for their upcoming market stalls. If you’re in the area, pop in and see them at Old Spitalfields market on Tuesday 27th February or Greenwich Market on Wednesday 13th March.

    The team has been lucky enough to benefit from the guidance of their business advisor, ex-BGS student Henry Wong. Henry was once the Managing Director of a Young Enterprise team here and is now a Developed Markets Equity Analyst at HSBC. He has been meeting with the team on a regular basis to get updates, help with goal setting and guide the team. Henry is pictured below with some of the team at one of their team meetings.

    Mrs Harris, Head of Business Studies & Economics

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  • Greenwich Market, Wednesday 23rd March​​​​​​​

    Published 24/03/22

    L-R Amandeep Shergill, Lydia Forsdyke, Libby Garrod-Jobbins,
    Mario Rodriguez-Nunez Muno

    This was our second trade fair, and we had the opportunity to sell our bath boxes and tote bags at Greenwich market! We improved our trade stand from the previous market and changed our product in order to market it at a higher price. We had another successful market day and all managed to improve our sales skills and meet lots of new people who were part of the Young Enterprise Company Programme. The market was less busy, but we still managed to break even and make a profit!

    Please scan the QR code to keep up to date with Pothos on instagram and tiktok!

    Libby Garrod-Jobbins, Year 12

     

    The BBC have reported on the Spitalfields event the Young Enterprise team attended a couple of weeks ago. Here is the link: 
    https://www.bbc.co.uk/news/av/business-60710925 

    Mrs Harris, Head of Business & Economics

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  • Pothos - Young Enterprise Team Trading at Old Spitalfields Market!

    Published 10/03/22

    On Tuesday our Year 12 Young Enterprise Team, Pothos, travelled to Old Spitalfield Market to sell 2 of our sustainable products, tote bags and bath boxes.

    We aim to be as sustainable as we can with our limited budget. We would especially like to reduce the use of plastic bags and single use plastic products in the bathroom as they are a major contributor to landfills. The day was extremely successful and we managed to sell the majority of our products, coming out of the day with a profit! We developed our sales skills, improved our entrepreneurial skills, met many new people and gained some followers on our social media networks. Scan the QR code to keep up to date with Pothos!

    Chikioke Ifeanyi-Dibie, Year 12
    Managing Director of Pothos

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  • Year 10s Take on the 10X Challenge

    Published 03/03/22

    This week saw the start of the 10X Challenge for Year 10 Business Studies students. Each team of around 5 students are pledged £10 for four weeks to get their business idea off the ground. The challenge allows students to put theory into practice, develop their entrepreneurial skills and give them some experience of what it is like to run a business. We look forward to seeing what the students will come up with and how they will develop over the next four weeks!

    Mrs Harris, Head of Economics and Business

    The 10X challenge seems like a great opportunity to develop our business skills and gain some real experience as entrepreneurs. I'm excited to try it and see how well our product sells.

    Max Johnson, Year 10

    In Business Studies we are taking part in Young Enterprise's '10X Challenge'.  We have got ourselves into teams that are loaned £10 from our teachers to get the business started, along with that we have to create a team name and a logo too! So far my team has discussed ideas on whether to do a product or a service and items we can buy cheap in bulk under £10 and sell them or revamp to sell.

    Beth Abegunde-Williams, Year 10

     

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