Students get set for Trading Places Enterprise Competition

23/11/2015

For the fourth year running, students from The College Merthyr Tydfil will have the opportunity to participate in the Trading Places ‘apprentice-style’ enterprise challenge.

Co-ordinated through the South-East Wales Regional Enterprise Hub, the competition will see the students compete in a series of business and enterprise activities and tasks, prior to running their own pop-up shops in the Morgan Arcade, Cardiff.

The competition, which began with a selection event held at EE, Merthyr Tydfil, saw over 20 of the college’s Business and Motor Vehicle students compete with students from colleges across South East Wales, to demonstrate their business and enterprise skills with the hope of being selected to progress to the next stage of the event.

Supported by NatWest and EE, the event provided a range of stimulating and challenging workshops centred around the key aspects of the ACRO ‘Understanding entrepreneurship Model’ encouraging students to think strategically and innovatively about the skills required to run a successful business - including attitude, creativity, relationships and organisation.

One of the students participating was 17 year old Liam Jessett.  Liam, an A2 level student at The College Merthyr Tydfil, also participated in the 2014 challenge where he successfully gained awards for developing the best business plan and making the most profit.  He believes his experience last year provided him with extra skills and experience to add on to his UCAS application. Liam commented “I really enjoyed taking part in last year’s Trading Places competition and I really hope to be selected to go through to the finals next month. I particularly valued the opportunity to work with students from other colleges to solve key business issues.”  

Also participating from The College Merthyr Tydfil was 17 year old Lloyd Morgan. Lloyd, who is currently studying a level 2 Motor Vehicle qualification at the college, commented “I am really excited about the prospect of taking part in the Trading Places Challenge. It will be a very new experience for me and I hope that it will give me the added confidence and skills to help me gain a job at the end of my studies.”

The top six students from each college will now progress onto the next stage of the competition which will see them working in teams, developing business plans and sales strategies and designing a retail space before launching a pop up shop in Cardiff city centre with support and guidance from academics and industry experts.

Liam and Lloyd, along with the college’s other students, are now eagerly awaiting the outcomes of the selection process to find out if they have successfully progressed to this next stage.

You can follow their progress in the competition on Twitter:  @TradingPlacesSE, @collegemerthyr or Facebook: /CollegeMerthyr and /TradingPlaces, SEWales

 

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