Information pack
Los jóvenes empresarios expondrán su caso ante empresarios
de jóvenes emprendedores elegidos de una escuela particular
locales dispuestos a invertir en talento joven con su experiencia,
ganadoresdurante ese mes. Los diez empresarios jóvenes-pre-
ayuda y consejo (y, posiblemente, si la idea es lo suficiente-
viamente filtrados por el colegio correspondiente - tendrán cada
mente buena, los Bulls ofrecerá una inversión que podría ser de
uno una idea "razonable" de negocio que podría obtener ben-
tiempo, dinero, recursos o de todo ... (o posiblemente nada )
eficios con la ayuda de una pequeña inversión. Inicialmente en
a desarrollar su plan de negocios que presentaránn antes los
Inglés, el plan es hacerlo en español también muy pronto.
"Bulls". Objetivo Procedimiento
Es doble, en primer lugar, para ayudar a los jóvenes emprend-
1. Presentación de un máximo de tres minutos.
edores a desarrollar su idea de negocio a un punto en el que
2. Los "Bulls" harán preguntas sobre la propuesta de negocio.
puedan funcionar como un negocio legal y en segundo lugar,
3. Bull puede hacer más preguntas individualmente
fomentar la confianza y la creatividad.
4. El "Bull" tomará notas y una decisión después de ver los diez
Los concursantes pueden ser grupos de cualquier número de
empresarios
participantes y puede contar con la ayuda (en la preparación y
5. Los tres finalistas serán llamados de nuevo a responder más
en el día) de un maestro, pero la presentación se debe hacer por
preguntas y tendrán la oportunidad de agregarlas a su present-
los estudiantes.
ación anterior.
Su plan de negocios puede ser de grandes cantidades de flujo de
6. El "Bull" decidir si excluir o hacer una oferta
efectivo o "dinero de bolsillo", pero todos los participantes deben tener un plan de negocios ... y debe ser un plan que pueda con-
Después de que se hayan realizado todas las presentaciones de
vertirse en un negocio legal.
los concursantes con sus padres / maestros se reúnirán con su
Los Bulls elegirán cuánto tiempo,qué ayuda o incluso la finana-
inversor(es) si han sido elegidos.
ciación que ofrecerán a cada joven emprendedor o equipo en
Cada mes 'La Plaza de Toros' visitará una escuela u otro lugar y
función de su propia opinión.
mantendrá a los "finalistas" de un concurso estilo "Dragons Den"
Making ideas happen! I had an idea a while ago while
in order to ask any follow-up questions. An-
Want to join in?
watching the British TV programme
other important thing to remember is that
Any schools reading this or parents who
Dragon’s Den which help entrepre-
none of the teams go away without hav-
would like to see their school employ a
neurs (some of them at least) turn
ing some help offered by at least one of the
project such as this should get them to get
Bulls. Believe it or not, in the past, we have
in touch – we’re always ready! We don’t
had some strange ideas that clearly were
charge anything for this either, that’s im-
either not feasible or were, shall we say, not
portant to point out as everyone involved
the greatest idea in the world. (One team
has done it for one main reason and that’s
practically wanted to organize an Olympic
to see youngsters developing their (often)
size sports day while another was an inven-
great ideas.
their dream into a reality. Along similar lines I thought it would be a good idea to go into schools and see if there were kids who had ideas for a business (or a worthwhile project) but didn’t know how to make it become something tangible, and even profitable! The results were not so surprising after all – kids have wonderful imaginations and can ‘think outside the box’ without even trying! The idea of the Bull Ring is to promote creativity, confidence and knowledge of how the business world basically works giving youngsters the opportunity and resources to realise a dream or a project that they have in mind. Whether that is an individual or a team, or even a whole class, is not important – the main objective is have thought it through beforehand (and with the help of a teacher) be focusing on making it happen! What happens in The Bull Ring? Initially we will go to the school and present to an assembly, introducing ourselves and our businesses before asking the kids to go away and, with the help of a teacher or two, come up with great ideas for projects, businesses or even inventions before we return six weeks from that day to hear their ideas. Once we return the teams present to us for up to five minutes and ask the ‘Bulls’ for help in getting their idea off the ground – that can be any sort of investment that they ask for; money, the Bulls’ time, expertise, contacts and so on. The Bulls then have the opportunity of quizzing the youngsters about their idea but, and this is most important, it is all carried out in a positive manner with no negative criticism at all. After ten teams have presented the Bulls will confer for a short time before calling back as many of the teams as they need to
tion of a combined pen/pencil that would be half its use once the lead ran out!). But, as with those teams, we took their ideas and
Also any businesses willing to participate (it
reshaped them into something that would
doesn’t matter where you are) we’d like to
work (a smaller football tournament be-
hear from you. I will happily travel and chat
tween schools and a look at doing a school
to anyone (whether it’s a business, school,
newspaper).
possible Bull etc.) I’m happy to come along and try and get youngsters thinking and
With the top three teams, the winners were
creating in as many places as possible.
a team of three girls who had sourced ingredients and calculated costs, and produced some delicious cakes. With their costs and
Dave Bull
facilities arranged they had also approached
96 669 5160 - 606 540 408
local businesses and had a list of customers
dave@allabroad.es
willing to sell their cakes through their cafes and bakeries. All they really needed our help for was to show them how to re-invest their profits and some advertising help; apart from that they had done an amazing job on their own! Afterwards Working with teachers we can also have a constant link with the kids (via secure online file storage) to continue developing their ideas so that they don’t have to wait for one of the Bulls’ follow-up visits to ask questions or get help. One good thing about the idea is that it can be done anywhere and that’s something I’m really keen on developing. With the help of local business people, who are willing to help local youngsters by offering time, help. skills or even money (if the idea is good enough they could even see a decent profit from their investment) the Bull Ring could happen in local towns – helping youngsters who at present have no employment or opportunity, and in local schools – preparing young entrepreneurs for their future challenges with innovative ideas and support.
THE BULL RING Procedure Young entrepreneurs state their case in front of local businessmen willing to invest in young talent for their expertise, help and advice (and possibly if the idea is good enough the Bull(s) will offer a financial investment) to develop their business plan that they present before the ‘Bulls’. ‘The Bull Ring’ will visit a school or other venue and hold the ‘finals’ of a Dragons Den style competition from teams of business young entrepreneurs supplied to us by the particular school. The ten teams - previously filtered by the relevant school - will each have a ‘reasonable’ business idea that could make profit with the help of a small investment.
Aim Two-fold, firstly to help young entrepreneurs develop their business idea to a point where it operates as a legal business and secondly to encourage confidence and creativity.
Procedure 1.
Presentation of up to five minutes.
2.
Questions from the Bulls about the business proposal.
3.
Bulls may ask more questions individually
4.
Bulls make notes and make a decision after seeing all ten entrepreneurs
5.
A final three will be brought back to answer more questions and have the opportunity to add to their previous presentation.
6.
Bulls decide whether to opt out or make an offer
After all presentations have been made contestants along with a parent/teacher meet with their investor(s) if they have been successful.
Basic rules. Teams can be any size group (1 individual or a whole class) and can have the help (in preparation and on the day) of a teacher but the presentation must be done by the students. Their business plan can be for cash flow dealing with large amounts or ‘pocket money’ but all teams must have a business plan…and it must be part of the plan to (possibly) become a legal business. Bulls choose if, and how much they will offer (time, money, expertise, contacts) each team of the entrepreneurs depending on their own opinion. Some of the current BULLS Dave Bull – All Abroad magazine Paul Payne – MASA International Claire Worland – Coastrider Newspaper Gin Marks - Lifestyle expos
Comments Nothing discouraging, always positive, constructive.
TIPS BEFORE YOU COME TO SEE US Remember the Bulls don’t like to waste money so the more you can convince them that your idea will work with a ‘reasonable’ investment of their cash the more chance you have. Presenting Don’t worry about talking in front of us or stumbling over your words, just make sure that you give us all the information you think we need - we won’t be judging your business idea on your performance but on whether we think we can help you to bring your business idea to life. Don’t worry we’re friendly Bulls!
The Bull Ringin the press THE BULL RING AT THE CHILDREN’S HOME Kids…they never stop surprising you… The Bull Ring had an amazing afternoon at Emaus children’s home in Elche today. Returning to listen to the kid’s ideas about how they would go about raising cash for something they wanted personally (we thought) they surprised and impressed us with what they came up with. First up came a team of four lads who’s come up with a very interesting idea to help the elderly. It’s a concept that we believe we can move onto to the next stage with the appropriate help. We need someone with a technical or engineering background who’d be willing to spare some time now and again to help these grateful kids realise their idea. You can imagine the benefits to these youngsters when we get their ideas from the ‘chat about it’ stage to the unveiling or launch onto the public of their hard work. And it will be hard work for them as tis they, not us, who will have to follow through and make things happen for themselves. This bunch are so receptive to what we’ve put forward its’ rewarding to us already. Next up came a pair of talented guys who can sing and dance and wanted to do something with their undoubted abilities. Add to that they had also come up with a fascinating concept to produce electricity; at virtually zero cost and you can imagine how impressed we were by this stage. Finally we spoke to a young lady who, at first, was reluctant to offer up anything and then admitted she’d like to write a book. She’s collected together a selection of her poems and short stories, and they were a fascinating insi9ght by a very talented writer. She’s already working on some ideas we gave to her realise her dream. What we really need help on here is translation of the stories and poems, so we’re asking for someone fluent who could translate the sentiment that is carried in these amazing stories. We’re not expecting anyone to do them all, but if we could get a few people doing some each? Let me know if you can help. So there you have it – we return to Emaus early January to begin the next stage of getting these guys amazing and helpful ideas off the ground.
The Bull Ring – Rules
1: The Pitch Entrepreneurs must start the presentation by stating their name, the name of the potential business, the amount of investment they are pitching for and the percentage of equity they are willing to give away in their company. They must follow this with a pitch of up to five minutes unless a longer time is agreed beforehand. Teams can be any size group and can have the help in preparation and on the day of a teacher but the presentation must be done by the students. 2: The Q & A Entrepreneurs DO NOT have to answer all the questions asked but what they do or do not choose to answer may affect the outcome, for example, if they refuse to reveal net profits. They may also ask the Bulls any questions that help them determine whether they are suitable investors for their business. 3: Opting 'Out' Entrepreneurs' time in the Ring is over after all Bulls have declared themselves 'out'. Also, once a Bull has declared him or herself 'out', they MUST NOT re-enter negotiation on the deal unless invited by another Bull, and unless there is a compelling reason, they should remain quiet and leave the others to pursue the negotiations. 4: Investments If a Bull offers less than the full investment the entrepreneur must try and make up the total by securing an investment from one or more of the remaining Bulls or take the offer. The entrepreneur can negotiate more help or investment than was originally requested as this is usually to redress the sticking point of an entrepreneur giving up more equity than was initially offered. 5: Multi-Bull Investments Each Bull is working as an individual investor. The Bulls can invest as little or as much of their own time, money etc as they want. It is up to the teams to persuade them to match the required investment or pledge to invest a portion of it As above, it is acceptable for the entrepreneur to seek investment from more than one investor in order to make up the total amount required. A full investment may involve between one and all parties. 6: Refusing Investment An entrepreneur can refuse investment from a Bull if they think they are an unsuitable investor or the deal on the table isn't right for them. 7: The Deal The deal agreed on the day is an unwritten agreement that depends on due diligence checks, and relies on the intergrity of both investor and teams to freely enter the transaction and be fully committed to seeing it through. However, the deal is solely between the Bull and the entrepreneur and after additional meetings, if an agreement cannot be reached, neither party is legally obliged to complete the deal. The ‘Bull Ring’ remains impartial as they cannot be involved in the business contract between the two sides. The two sides meet after all presentations have finished to exchange business cards on and the completion of the deal is then left to the entrepreneur(s) and the Bull(s). An adjudicator will be there on the day to help settle any disputes. 8: The Friend Entrepreneurs are permitted to have a friend on standby in the Ring, to help them answer some of the Bulls' questions. This friend must usually be someone who is directly involved in the business or a teacher. They can ask the Bulls to meet their friend at any point after the five minute pitch.
References & contacts Dave Bull 96 669 5160 - 606 540 408 dave@allabroad.es website www.loadofbull.es Facebook https://www.facebook.com/pages/The-Bull-Ring/209747129079672 For a video giving a very general idea of what we do follow this link (this is not us but a BBC TV programme): http://www.youtube.com/watch?v=6YA7ytbnlzM