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Global Entrepreneurship Week Day 5 – Backing Businesses at St Gabriel’s College

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While MyBnk’s Global Entrepreneurship week began with the opening session of our Back my Business programme at the Ark Academy in Wembley, Students at St Gabriel’s College were moving on to the second stage of the programme.

With the Year 10 students of St Gabriel’s College having already submitted their business proposals, part two of Back my Business saw twelve students from year 9 and 11 forming groups and judging which three programmes would be heading through to the next round.

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The young people involved had volunteered to judge the entries in their free time, and were enthusiastic in selecting the winning applicants. Each group were given four business ideas to choose from, with the best of each being selected to earn an interest free loan from Mybnk.

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“Some of the ideas are so great and original. It’s really cool to see students creating their own business ideas.” Sylvie, 15.

After much debate and deliberation, it was decided that the three business ideas going forward would be a pancake stall, a cookie stand, and an American dining experience. Selling food was clearly a popular choice among the young people and seen as a solid business option, dominating the three available places.

With three successful applications chosen, soon it will be time for the year 10 students of St Gabriel’s college to test their business ideas and attempt to make a profit!

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“I wish we had done a Mybnk Back my Business session when I was in year 10. It’s really fun and gives you real business experience.” Siobhan, 16. 

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