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YOUNG ENTREPRENEURSHIP SCHEME
This award is open to all students of the LSC Group of Colleges.
The latest winner will be announced at a special event in Autumn 2012.
Existing final year LSC MBA students and MBA Alumni are encouraged to consider entering this competition to win an investment of £25,000 in a new business scheme. This should be a real business opportunity and a carefully planned future operation – so that the winner can then use the investment in a practical business operation in their home country.
Each student must enter by submitting a detailed 5 year Business Plan – incorporating market research, time scales( including financial projections for three years ), costs ,work force, marketing plans ,risks ( including future problems ), future potential and operational details – for a start up enterprise of their own choosing.( Minimum 5,000 words )
The proposal should include a section on personal skills, market contacts and relevant personal experience (please limit the text of the details to information which is essential to the success of the project)
This could be in any business field—engineering, IT, hospitality ,retail, medical, service,etc.
THE SUCCESSFUL ENTRIES WILL BE USED TO OPEN A BUSINESS - BY THE WINNERS - BASED ON THE SUCCESSFUL BUSINESS PLAN, AND LSC WILL TAKE A 25% SHAREHOLDING IN THE COMPANY IN RETURN FOR THE FINANCIAL AWARD.
LSC wishes you the best of luck.