Posts Tagged 'enterprise'



Student Enterprise Awards 2013

St. Gerald’s 5th Year Young Entrepreneurs are currently preparing for The Mayo Enterprise Awards 2013. There are five teams entering the competition, each with their own CEO, Marketing, Finance and Operations managers. St. Gerald’s will be keeping you updated on the progress of each team over the next few weeks as they attend workshops and work with their mentors. Best wishes to all students involved.

Local Entrepreneur visits LC Business

Aaron McMahon speaking to LC Business

By Micheal Lavelle

On 7th of November, local entrepreneur Aaron Mc Mahon came to visit our Leaving Certificate Business class to tell us about his business Rua. Here is my review of how the visit went.

Aaron’s Mother set the business up 16 years ago and originally named it Café Rouge. Once Aaron and his sister took over they decided to change the name to Rua.

Aaron told us that dedication and hard work is essential to be a successful entrepreneur. He presented us with 12 essential points from his past experience which he found essential to help him succeed. The point I found most interesting and important was “that the customer is king”. Without customers the business will not function and ultimately fail. I found Aaron’s visit very helpful for helping me with my Leaving Cert Business and future predicaments.

Aaron McMahon and a student from LC Business


Green Dragon – Regional Heats

Seven students in Second Year Business Studies entered this year’s Green Dragon Innovation Challenge.

This is an enterprise competition run by Agri Aware and sponsored by An Bord Bia and AIB to encourage students to come up with innovative products in the agricultural, environmental or food sectors.

Two teams and one individual entered this year’s challenge.

The Revival team (John Armstrong, Daniel Foy and Michael Loftus) completed a project on the growing of sugar beet in Ireland and developing an Irish sugar product for consumers. The Envirobriq team (James Gallagher, Ronan Roache and Conor Quinn) developed a briquette produced from waste paper and Karl Benson’s project involved a developing a website on health, fitness and nutrition for young people – 4 Youth Health.

The students worked very hard on their projects and made a presentation to a panel of three judges in the Connaught/Ulster Regional Heats in Sligo on March 2nd. The judges were very impressed with their innovative ideas and the standard of their presentations.

The Envirobriq team are now through to the National Final to be held in Croke Park on Saturday March 26th.

Team Revival and Karl are going to continue working on their products.

Well done to all. Photos from the Regional Heats will be uploaded once they are available.

Are these two brothers Ireland’s youngest entrepreneurs?

Here is an example of how your hobby could make you some money and could turn into a full-time business.

Read the full report on this enterprise from thejournal.ie

Dragons’ Den on RTE

levi_roots_reggae_reggae_sauceJust a reminder that the Irish version of Dragons’ Den starts tonight on RTE1 at 10.15pm.

Let’s see will there be any investments tonight by the Irish Dragons.

Meet the five Irish Dragons.

Enterprise Projects

enterpriseMr. Hannon’s Fifth Year Business class completed their Enterprise Project last week. This project accounted for 20% of their Christmas exam.

The project consisted of two parts:

  • Research a well known entrepreneur
  • Develop your own business idea

The project proved to be good preparation for the Business Boot Camp. I have uploaded some of the projects below. There were some excellent business ideas submitted.

IKEA & Chocolate

Michael Dell & Homework Website

Richard Branson & Gardening

A New Taxi Service

A Bookmaker

There are more projects and ideas available for viewing on the Business noticeboard in EX2.

Have you some enterprising ideas?

eoy.tv

The winner of this year’s Entrepreneur of the Year is C & F Tooling from Athenry, Co. Galway.

The C&F group was established in Ballybane in Galway in 1989 as a small specialist company mainly focused on importing tool making services to Ireland’s established base of multinational companies.

It has now expanded its Galway interests to a purpose built facility in Athenry and progressed to a global solutions provider to the sheet metal industry with operations in the UK, Czech Republic, the Philippines and China.

Its core business is product and tool design, tool manufacture and metal production. Its client base includes IBM, Ingersoll Rand, Glen Dimplex and Sanyo. Sales reached $53m in Ireland in 2007 and $100m globally. It employs 984 people.

Ernst & Young have an excellent website at www.eoy.tv which contains video interviews on all the entrepreneurs nominated for this year’s awards. You can also watch this year’s Awards Ceremony  which was shown on RTE 1 last Thursday night.

Learn more about entrepreneurs from entrepreneurs themselves.

Michael Dell

Watch the following video interview with Michael Dell, founder of Dell Computers.

This is a good example of the skills and characteristics required to be a successful entrepreneur. Dell is facing challenges to his business from rival firms such as HP and Lenovo and he has lost the position of market leader to HP. Shareholders are unhappy with declining profits and a falling share price so he has returned to the company to make several changes.

Error
This video doesn’t exist

Want to be an Entrepreneur?

Have a listen to some podcasts of two Mayo entrepreneurs who have successfully developed their own business.

Ed Gunning – Primary Solutions

Brenda Jordan – National Energy Assessors

The above podcasts are also available from the Mayo County Enterprise Board

Intrapreneurship

An intrapreneur is an employee within an organisation who uses his/her initiative to act like an entrepreneur.

Some organisations such as Google and 3M strongly encourage intrapreneurship amongst their employees. Google allows their employees to spend 20% of their time on their own personal projects.  This is the reason why Google are constantly introducing new products such as Gmail, Google Earth and Google Apps.

Many of the products we buy today are the result of intrapreneurs e.g., Sony Playstation and the Post-it Note.

Arthur Fry, 53, a 3M chemical engineer, used to get annoyed at how pieces of paper that marked his church hymnal always fell out when he stood up to sing. He knew that Spencer Silver, a scientist at 3M, had accidentally discovered an adhesive that had very low sticking power. Normally that would be bad, but for Fry it was good. He figured that markers made with the adhesive might stick lightly to something and would come off easily. Since 3M allows employees to spend 15% of their office time on independent projects, he began working on the idea. Fry made samples and then distributed the small yellow pads to company secretaries. They were delighted with the product. 3M eventually began selling it under the name Post-it. Sales last year were more than $100 million.

One of the best known examples of intrapreneurship was a group of employees in US military manufacturer Lockheed Martin during World War II. This group was known as the “Skunk Works” team.

The group was originally named after a reference in a cartoon, and was first brought together in 1943 to build the P-80 fighter jet for the US Air Force. Because the project was to eventually become a part of the war effort, the project was internally protected and secretive. This group designed and built the fighter jet in just 143 days.


Follow sgcbusiness on Twitter

Flickr Photos

del.icio.us

Subscribe

Email: sgcbusiness [at] stgeraldscollege [dot] com

Irish Blogs
Add to Technorati Favorites
wordpress stat