Antreprenor de Sezon - Entrepreneur for a month
Published on 02 July 2018
Romania
Burgenland
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
Young students in our economic environment in Timisoara are bombarded with opportunities of working in sound companies with well-paid salaries and a lot of extra benefits. However, there are still students and young people that are eager to start on their own and open a business they’ve dreamed of or continue a business family.
For the second category we developed a program called “Antreprenor de Sezon” on the concept of “exercise businesses” , giving students and youngsters the opportunity to try out the entrepreneur’s “clothes” for one month in a competition that gives them experience, money and networking.
The practice is constructed around ten teams of students with two kinds of backgrounds: entrepreneurial/economic and creative/artistic. The main objective for them is after one month of challenges to sell one kind of a product; “Martisor” (traditional product sold on 1st of March to announce the beginning of spring). They receive an initial capital of 100 euro which they need to give back at the end of the program; the profit will be kept by the team.
During that month they have to follow the next steps: 5 trainings (branding, management, prices and costs, team communication, sales), developing a business plan, presenting the plan in front of a jury, creation process and selling the products created.
After the month is over, an awards ceremony is organised giving 3 prizes in money (500 euro, 300 euro, 200 euro) and one for the most popular team.
For the second category we developed a program called “Antreprenor de Sezon” on the concept of “exercise businesses” , giving students and youngsters the opportunity to try out the entrepreneur’s “clothes” for one month in a competition that gives them experience, money and networking.
The practice is constructed around ten teams of students with two kinds of backgrounds: entrepreneurial/economic and creative/artistic. The main objective for them is after one month of challenges to sell one kind of a product; “Martisor” (traditional product sold on 1st of March to announce the beginning of spring). They receive an initial capital of 100 euro which they need to give back at the end of the program; the profit will be kept by the team.
During that month they have to follow the next steps: 5 trainings (branding, management, prices and costs, team communication, sales), developing a business plan, presenting the plan in front of a jury, creation process and selling the products created.
After the month is over, an awards ceremony is organised giving 3 prizes in money (500 euro, 300 euro, 200 euro) and one for the most popular team.
Resources needed
The project needs many resources, material and non-material.
Material ones are: initial capital to give as a loan for the 10 teams (1000€), capital for organising the project and a working space. Non-material: know-how from specialists and team of 5-7 people that organise the program.
Material ones are: initial capital to give as a loan for the 10 teams (1000€), capital for organising the project and a working space. Non-material: know-how from specialists and team of 5-7 people that organise the program.
Evidence of success
Participants get a more practical prespective on how a real business might look like, how hard is working in teams and facing the competition on the market, giving the best in the selling process in order to exceed your expenditures.
Potential for learning or transfer
The main beneficiaries are the students of faculties like economics, management, politech, arts and science, but pupils from high-school are also encouraged to participate. Companies also are benefiting from this experience because they get to mentor and work with ambitious and talented young people, and also the society as a whole.
Further information
Website
Good practice owner
Organisation
Minds Hub
Romania
Bucureşti-Ilfov
Contact