Competition

We want to send you away with Virgin Atlantic Airways and give you £500 to spend at Top Shop in London or New York. All you have to do is tell us your enterprise ideas.

Competition

To enter our competition all you have to do is to submit your best ideas for enterprises that we can instigate throughout the developing world. Be as specific or unspecific as you like. It would be great if you could provide us with an idea of the basic concept, the types of resources you envisage being required, why you think it will be a financial success and your business strategy. The best idea wins a flight and a visit to Top Shop.

The best idea will win a Virgin Airways Flight to enterprise projects in either China, India or South Africa and £500 worth of Top Shop Vouchers to be spent in London or New York.

The winning entries will be judged on Tuesday 10th November 2009 by Dr. Peter Slowe and Nick Wheeler, Founder of Charles Tyrwhitt Shirts (www.ctshirts.co.uk), the world’s largest mail order shirt company, which Nick started after his own ‘gap year’ to India.



7 Responses to “Competition”

  1. James Baker from UK says:

    Already an amazing array of opportunities. The Football Academy particularly looks appealing for someone interested in sport.

  2. Andrew Marshall from United Kingdom says:

    The rock school needs to ensure the tutors are industry recognised and form strong relationships with major record labels in Mexico.

  3. Joey Chang from New Zealand says:

    I have just recently started my own business, specialising in contract manufacturing, private labelling and R&D in the skincare/toiletry industries. I have realised that there are many manufacturers and laboratories out there, but there is no network to bring them together. Having worked in both ATL and BTL marketing, I know that often chemists do not speak the same commercial language, here, I offer the service to bring the best of every laboratory under one roof. I then combine the concepts, and communicate new ideas to the chemists to be custom manufactured. This way, trade customers are not compromised by having to deal with many manufactures, reduce their time and resource by coming just to me.

  4. Ben Richardson from UK says:

    Hi there, I am a co-founder of cashforcartridges.co.uk where we pay customers to recycle used ink cartridges by sending collection boxes and prepaid envelopes to schools, businesses before reselling these back full. Some 60 million inkjet cartridges used each year in the UK, only about 10% are recycled. This means that 57 million cartridges get thrown away each year and end up in landfill sites or are incinerated. Inkjet cartridges will take about 1,000 years to decompose in landfill sites. Sending cartridges to landfill also costs money because of the landfill tax passed on to consumers through council tax or companies’ waste collection costs. We would like to take our concept to developing countries where recycling education is low, and eventually help people to be more resourceful with the products they have access to.

  5. AndrewBoldman from USA says:

    Great post! Just wanted to let you know you have a new subscriber- me!

  6. Kelly Brown from USA says:

    The best information i have found exactly here. Keep going Thank you

  7. Tjandra Chew from Singapore says:

    Hello! I have long been interested in entrepreneurship and think that this competition is terrific! Here is my idea for promoting enterprise in the developing (and developed) world:

    Thoughts that led to my idea:
    In developing countries, labour tends to be cheap and plentiful, especially in comparison to the developed world. Technology is limited and many people are poor, uneducated and unfamiliar with technology. However, many of them are skilled with their hands and at creating craft products, which can sell for a good price in the developed world. Unfortunately, lack of capital, language constraints and other barriers prevent these craftsmen from selling their products in the developed world (except via large corporations which pay them a pittance).

    In the developed world, there are many small, independent retailers. The way forward for these small retailers to distinguish themselves from their competitors and to gain market share is to create their own line of customised, unusual products e.g. A gift shop looking to expand could create their own line of jewelry and a paper shop could create a unique line of stationery with one-of-a-kind designs. However, the cost of doing this in the developed world is prohibitive and many of these retailers do not have the scale to travel to the developing world to benefit from the plentiful labour there.

    My idea:
    My idea is to create an organisation which serves as a community or international representative for the craftsmen in developing countries. Handmade jewellery-crafters, carpenters, tailors etc in the developing world can sign up with this organisation who will help to market their services online to the developed world.

    These services (along with prices and production times) would be posted on an online forum/ marketplace/ resource centre, which people anywhere can access to browse the ‘ads’ i.e. it would be similar to an international job centre for craftsmen. Thus, a toy shop in England looking to start their own line of wooden rattles, for example, could hire the services of a carpenter in Indonesia to craft them. (Ideally the toy shop would have a design in mind. However, they could also work with the organisation and craftsmen to come up with the design.)

    There would also be a corresponding online forum for the retailers to post the type of services they require. This would obviously only work if the craftsmen could read English and access the Internet. If not, the organisation can offer ‘job matching’ services.

    The retailers would have direct access to the forums i.e. they can browse the craftsmen ads, place their own ads etc. Craftsmen, on the other hand, would not be able to do so (primarily due to the language and technology barrier) and would place ads via the organisation.

    The services of the organisation could thus include:
    - recruiting the craftsmen and building up the resources available
    - helping these craftsmen post their advertisements online
    - marketing to the retailers and increasing the number of prospective customers
    - offering ‘job/ service matching’ to the craftsmen and retailers
    - arrange for packing and shipping to the retailer

    Resources required:
    The initial resources required are mainly people and capital:
    - a small team of people from both the targeted developing and developed country. Some of these representatives would need to be fluent in both English and the language of the targeted developing country
    - the ability to build and maintain an online website
    - capital to market the forum in the developed country, to recruit craftsmen in the developing country and to establish small offices in both countries

    How the finances would work:
    When the retailer browses the craftsmen ads, and finds something agreeable to him or her, he or she would sign a tripartite contract online (via the organization) and pay a deposit upfront. (The price on the ad would thus equal the craftsmen’s desired price as well as a percentage mark-up for the organisation.)

    I believe this idea would be successful as:
    - There would be demand for the organisation’s services as it offers retailers a cheaper and more convenient way of creating specialised product lines. Cost savings would include not having to fly to the developing country as well as economies of scale in recruiting craftsmen, packing and shipping.
    - There would also be supply as it allows craftsmen to sell their goods at their desired prices (i.e. an element of fair trade. The organisation can, however, offer a pricing guide to advise craftsmen and retailers on the typical fees.)
    - In short, there would be profit as well as social responsibility and represents a true partnership between the developing and developed worlds.

  8. Anonymous from Barbados says:


Submit your idea to enter our competition!

 

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