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Manchester Airport Dragons Den 2017

Details on how to compete in Manchester Airport's Dragons Den 2017 competition to win a VIP night out

Details on how to compete in Manchester Airport's Dragons Den 2017 competition to win a VIP night out

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Win<br />

a VIP<br />

night out!<br />

ENTERPRISE<br />

COMPETITION


WORLD OF OPPORTUNITY


Welcome to<br />

<strong>Manchester</strong><br />

<strong>Airport</strong>’s<br />

Community<br />

Network 9 th annual<br />

<strong>Dragons</strong><br />

<strong>Den</strong><br />

ABOUT US<br />

The <strong>Airport</strong> Community Network is made up<br />

of <strong>Airport</strong> employees and service partners.<br />

Together they aim to inspire students to be<br />

excited to work in business and to learn key<br />

business skills.<br />

The A C N members have used their knowledge<br />

and experience to design this <strong>Dragons</strong> <strong>Den</strong><br />

programme to promote skills that business leader’s<br />

value:<br />

PROMOTE SKILLS<br />

Team building<br />

Entrepreneurs<br />

Business skills<br />

Communication skills<br />

Money management<br />

Problem solving


CHALLENGE<br />

Teams up to 6 set up as a virtual business; design an innovative gift, work<br />

out how to manufacture it and write a business plan. We will allocate your team a<br />

business mentor who will support, guide and encourage them via team meetings,<br />

emails and video calls.<br />

Teams will bring their gift idea and business plan to the <strong>Dragons</strong> <strong>Den</strong> at <strong>Manchester</strong> <strong>Airport</strong> in<br />

October and bid for a business start-up loan of £100. Once they have secured the loan,<br />

teams will purchase materials, make their gift and market and sell the product to their local<br />

communities. The overall winner will be the team that declares the most profit at the Grand Final<br />

in December. There are also other prizes for recognising skills in presentation and innovation.<br />

All profits made will go to your chosen charity or hospice from this selection;<br />

Challenge your<br />

students to<br />

develop an<br />

innovative gift<br />

retailing for £5<br />

or less!


CURRICULUM LINKS<br />

Citizenship<br />

Functions and uses of money,<br />

the importance and practise of<br />

budgeting, and managing risk.<br />

Participate in volunteering and other<br />

forms of responsible activity, to take into<br />

adulthood.<br />

Maths<br />

An understanding of the maths skills needed for personal<br />

finance, ready for when students leave school.<br />

To understand and calculate gross and net profit,<br />

loss and percentage return.<br />

Select and use appropriate calculation strategies<br />

to solve increasingly complex problems.<br />

The competition also<br />

links students to their<br />

communities and acts<br />

as a great link to Duke<br />

of Edinburgh Awards<br />

and CV writing.<br />

• Team work<br />

• Communication<br />

• Problem solving<br />

• Design and production<br />

• Marketing and sales<br />

• Budget management<br />

• Presentation and<br />

sales skills<br />

The <strong>Dragons</strong><br />

<strong>Den</strong> Challenge<br />

develops many skills<br />

that are needed by<br />

students as they<br />

progress in their<br />

journey to the<br />

workplace.<br />

Statutory<br />

careers<br />

guidance<br />

and<br />

inspiration<br />

Offer pupils to develop entrepreneurial skills<br />

for self-employment.<br />

Allow pupils to tackle real life challenges - managing risk,<br />

decision making, team building and problem solving.<br />

Gain confidence and practical know-how and attributes that<br />

are relevant for employment.


The <strong>Airport</strong> Community Network can<br />

provide you with a business mentor, who will be<br />

introduced to you as soon as you apply. They will<br />

work with you and your teams to give support and<br />

help throughout the competition.<br />

Support will include:<br />

BUSINESS MENTORS<br />

“Our Mentor is an<br />

irreplaceable contribution<br />

to the team. He has given us<br />

valuable information and help<br />

to assist us with our project, giving<br />

us tips on sales, production and how to<br />

manage a business.”<br />

Presentation skills<br />

Sales and marketing<br />

Design<br />

Finance<br />

Production<br />

Managing a business<br />

“John our Mentor has worked with<br />

us since 2013. His contribution has<br />

been invaluable. John advised me on all<br />

the potential pitfalls of the competition<br />

process so my inexperience did not act<br />

as a barrier to the students’ success.


PRIZES<br />

Awarded to the team that<br />

makes the most profit.<br />

1<br />

ST<br />

PRIZE<br />

A VIP theatre evening!<br />

Return limousine journey to Media City UK.<br />

A meal at your chosen restaurant.<br />

Exclusive seats at the Lowry Theatre to see<br />

ʻElf the Musicalʼ including interval treats<br />

and a programme.<br />

Trophy and certificate awards<br />

presented at the Grand Final.<br />

Awarded to the team with the;<br />

Best Presentation<br />

Most Entrepreneurial Idea<br />

Excellent Teamwork<br />

Runners up<br />

A cinema experience!<br />

Voucher for 2 for each studentʼs<br />

cinema of choice.<br />

Trophy and certificate awards<br />

presented at the Grand Final.


£22,503<br />

was<br />

raised in 2015 & 2016 for 4<br />

local hospices and charities<br />

“98% of students<br />

enjoyed their experience<br />

and realised that business<br />

was harder than they<br />

first thought!”<br />

“My communication<br />

skills are so<br />

much better now.”<br />

“The business mentors<br />

shared their invaluable<br />

experience.”<br />

“Being involved<br />

in <strong>Dragons</strong> <strong>Den</strong> has<br />

helped me increase<br />

my confidence.”<br />

£<br />

“My students have<br />

learnt all about business<br />

and have a better<br />

financial awareness.”<br />

“This enabled our<br />

students to improve<br />

the standard of research<br />

displayed in their<br />

GCSE coursework.”


Q &A’s<br />

How do you recruit the students taking part?<br />

Last Year’s Winners –<br />

Wilmslow High School<br />

All our year 10 business students take part in a mini version<br />

of the competition within school in the first few weeks of<br />

the course. We have our own <strong>Dragons</strong> <strong>Den</strong> on Open<br />

Evening and choose the 6 students from that.<br />

What do you think motivates your students?<br />

Some do it to raise money for the charity but they all<br />

want to WIN! The prize of a social event with a limo<br />

pick up is a great motivator!!!<br />

How to you find sales opportunities?<br />

The students contact their old primary<br />

schools to find out when their Christmas<br />

fairs are and we try to get a stall at the local<br />

shops and markets without cost.<br />

Top Tips to success…..<br />

Q<br />

A<br />

Try to get materials free or very cheaply so that<br />

you can get maximum added value. Some<br />

businesses will give you product to use as you<br />

mention their name on your stall.<br />

Choose a product that is easy to put together,<br />

so you can replace stocks quickly.<br />

Don’t try to do too much and have fun!


KEY DATES<br />

Application Phase<br />

10 th<br />

July<br />

<strong>2017</strong><br />

First visit to the <strong>Dragons</strong> <strong>Den</strong> at<br />

<strong>Manchester</strong> <strong>Airport</strong><br />

5 th<br />

October<br />

<strong>2017</strong><br />

Business plans must be submitted on the pro forma and brought on this date.<br />

Sales opportunity at <strong>Manchester</strong> <strong>Airport</strong>.<br />

23 rd<br />

November<br />

<strong>2017</strong><br />

Teams will have 1 table in Terminal 1 arrivals for 2 hours, to sell their gifts.<br />

Grand Final at the Holiday Inn, <strong>Manchester</strong> <strong>Airport</strong>.<br />

2nd visit to the <strong>Dragons</strong> <strong>Den</strong><br />

Business and finance evaluations must be submitted on this date.<br />

Winning group prize Media City UK<br />

Limousine transfers, evening meal and Elf the musical at the Lowry theatre<br />

11 th<br />

December<br />

<strong>2017</strong><br />

15 th<br />

December<br />

<strong>2017</strong>


APPLY<br />

Here’s what you need to do…<br />

You will need to form a team of no more than six students from Years 9 or 10.<br />

Return the completed application form at the back of this brochure as soon as<br />

possible but no later than Monday 10th July <strong>2017</strong>.<br />

Places are limited and allocated on a first come, first served basis, so get your<br />

application form in quickly!<br />

Once you have registered, you will receive a letter from <strong>Manchester</strong> <strong>Airport</strong><br />

confirming if you have been lucky enough to secure a place.<br />

Teacher and student support materials will be<br />

available on our website in June; www.magworld.co.uk/dragonsden<br />

Regular updates and bulletins throughout the competition<br />

will also be uploaded to the competition website.


RULES<br />

• Teams must not exceed 6 in total.<br />

• Students must be in Year 9 or 10.<br />

• Teams must identify different roles for each team member.<br />

• The product must retail at £5 or less.<br />

• It must be fit for purpose and the students must make it or procure the<br />

material to make it.<br />

• You can make an edible product but you must list the ingredients<br />

e.g. if it contains nuts.<br />

• Schools can sell the products widely at their discretion.<br />

• You should identify your own sales opportunities as well as those offered<br />

by the <strong>Airport</strong>.<br />

• Teams are advised to create a twitter account for their business and<br />

update it regularly, keeping us informed about their progress and sales<br />

opportunities.<br />

• The overall winning team will be the one that makes the most profit.<br />

• You must evidence costs associated with production, expected sales and<br />

profit margin and target market<br />

• All profits must be declared at the final and paid to one of the following<br />

charities and hospices; St Ann's Hospice, East Cheshire Hospice, <strong>Manchester</strong><br />

Children’s Hospital, Hope House and Francis House Children’s Hospice.<br />

• A representative from your hospice or charity will introduce themselves to<br />

you and offer additional advice and support throughout the competition.<br />

• The £100 loan from the dragons must be repaid at the Grand Final<br />

(unless you have not recouped the investment from sales.)


Application Form<br />

Return to joanna.jackson@manairport.co.uk or<br />

<strong>Den</strong> Manager, 1st Floor Olympic House, <strong>Manchester</strong> <strong>Airport</strong>, M90 1QX<br />

Name of School<br />

Which charity would you like to support?<br />

Agreement of the Head Teacher.<br />

I confirm that:<br />

• Our team will comply with all the rules of the competition<br />

• Students will have the support of a teacher in the school<br />

• Students will be taken to both <strong>Den</strong> meetings and the Sales Activity<br />

• Authorisation will be obtained from the parents<br />

• All profits from the competition will be donated to your chosen charity<br />

• Permission is granted to film or photograph your students<br />

Name of Head Teacher<br />

Signed<br />

School telephone number<br />

Name and email address of teacher managing the team.<br />

Team year group<br />

How many members?<br />

Would you like a business mentor?<br />

YES/NO


TEAMWORK<br />

STRATEGY<br />

ANALYSIS<br />

RESEARCH<br />

INNOVATION<br />

PLANING


BRINGING THE COMMUNITY<br />

TOGETHER THROUGH<br />

ENTREPRENEURSHIP

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