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