LCS Area Board

Running a business

© LCS Area Board – v2.2

LCS Area Board

Today’s agenda

To answer your questions:What is CP?Why bovver?What should we do?How do we do it?

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Who am I?

Name Email/mobile no. Job, hobbies, YE

experience Who are you? Why are you doing

Company Programme?

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My role as your adviser

Share my experience Answer any questions Help guide your

direction Challenge you Counsel you

Not to make decisions – it’s your business!!

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The role of your Link Teacher

Facilitator and communicator

Has contact with all parties

Registers the company To assist with getting

school resources Day to day access

Ensures effective flow of information from YE

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Why bovver? This could be you...

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There’s a lot to be gained…

CELEBRITY CASH CAPABILITY

The more you put in, the more you get out

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Don’t just take our word for it...

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You’ve 4 big decisions to make...

1. What’s our business model?

2. What’s our idea?

3. What’s our name?

4. Who does what?

The sooner you decide, the better!

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What makes a successful business?

Clear Vision

UnityDeterminatio

n

Risk taking

Attention to detailGood financial

managementSustainability

FUN!Happy, motivated

staff

A great leader

Competitive

Great communication

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Creative business ideas

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Creative ideas don’t come easily

Do something new

Do something better

Do something different

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More advice on your idea...

Whatever your idea - think USP

What skills or passions do you have?

Product or service? What market are you

going for? Have you all agreed on

the idea?

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Who’s going to do what?

Director Title Key responsibility

Managing Director

Company Secretary

Finance Director

Operations Director

HR Director

Sales Director

Marketing Director

IT Director

Innovative leadership

Communication between the

team

Management of all financial

issues

Product development

Skills, training and motivation

Strategy to maximise sales

Defines market and the route to

it Clarify IT needsDecide by next meeting and elect MD

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Key events

Month Event/Action

September Initial meetings, registration, open bank account

October Draw up Business, Production and Marketing Plans

November YE training event. Trade Fair

December Pre-Xmas sales opportunities; Assessment review

January Business Review; New year sales; Mid-year training

February Trade Fair; Start work on Annual Report

March Area competition; Continuing sales/trading.

April/May/June London/National finals; Continuing sales/trading.

July Liquidate company & final review

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Write a one-page Business Plan• Company Description: Ownership, location,

vision/mission

• Product or Service: Describe what you’re selling. Focus on customer benefits.

• Market Analysis: Describe your market, customer needs, where they are, how to reach them

• Strategy and Implementation: How you’ll go about it. Include actions, responsibilities, timelines and budget

• Management Team: Backgrounds of key team members

• Financial Plan: Profit targets, cash flow, balance sheet, break-even analysis and any assumptions

Gives you a clear sense of purpose!

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Financial

• Raising capital

• Issuing shares

• Opening bank account

• Recording financial transactions

• Online accounting

I’m here to help!

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Support materials/tools

All available to you once you register

YE CP Administration App Company Programme Kit

SCAN OF FRONT

COVER HERE

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Next steps

1. Link teacher registers company2. Read CP Kit*3. Receives passwords and site

access for online administration application*

4. Set agenda for future meetings5. Address the 4 key issues

*Only possible once you’ve registered

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Have fun and don’t panic!