Enterprise Matters e-Magazine Term 2

Leaders in enterprise and financial education

Term 2 2013

Students rave about Junior Enterprise Challenge 2013 Business Hall of Fame Laureates announced YES pilot in Cook Islands Coming up: Webinar with business superstar Derek Handley New Chairman for Young Enterprise Trust www. youngenterprise.org.nz

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CONTENTS 3

Talking about enterprise ¯¯ CEO Terry Shubkin

4

Headline News ¯¯ New Chairman for Young Enterprise Trust ¯¯ Free Financial EducationTeacher Workshop ¯¯ Book Draw Winners ¯¯ Young Enterprise announces 2013 Business Hall of Fame laureates

8

Student Success ¯¯ BP Business Challenge on the Road

Inspiring, Educating

&

students through Transforming

enterprise experiences

¯¯ E-day action in South Auckland 10

Feature ¯¯ Students raving about Junior Enterprise Challenge

12

Programme News ¯¯ BP Business Challenge ¯¯ L ion Foundation Young Enterprise Scheme ¯¯ Financial Education: ¯¯ International Programmes

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Connecting business with schools ¯¯ B usiness superstar Derek Handley to speak in Young Enterprise webinar ¯¯ YES Business Planning Workshop

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Important Dates

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The close

Visit www.enterprisematters.org.nz Subscribe to Enterprise Matters for Free & receive your own copy four times a year www.youngenterprise.org.nz

TALKINGABOUT ENTERPRISE CEO Terry Shubkin

Enterprise Matters is a publication of the Young Enterprise Trust Charities Commission Registration Number: CC21103 Editorial Content Paul Newsom Contact Paul on 04 570 3984 or paul.newsom@youngenterprise.org.nz Address Young Enterprise Trust, Level 2, iPayroll House, PO Box 25 525, Wellington, NZ

www.youngenterprise.org.nz Art Director Jodi Olsson Publisher Espire Media Po Box 137162, Parnell, Auckland 1151 Enquiries: Phone Richard on 09 522 7257 or email richardl@espiremedia.com

ISSN 1177-875X This is a GREEN MAG, created and distributed without the use of paper so it's environmentally friendly.

Please think before you print. Thank you!

“

If you want to be great, start imagining where you want to be in thirty years.

Write it down and aim as high as you dare. You see this simple cunning plan activates your neck-top computer into action. If you can’t think it, it can’t happen.”

each of their stories. Our hope is that these Laureates will help to inspire today’s students so that in thirty years’ time, some of them will have the kind of success necessary to be inducted into the Hall of Fame themselves.

This quote comes from a real leader, Sir Michael Hill. He is an inspiration to all people, young and old, of what can be accomplished if you dream it first. Sir Michael’s life changed forever following a

In addition to looking forward two or three decades, it is important sometimes to also look back and to see what you have achieved. Recently, our Chairman Mr Tony Caughey announced that he

fire which claimed his family home in 1979.

Following this setback, he opened his first jewellers shop in Whangarei in opposition to his uncle. I doubt there is a person today in New Zealand (or Australia) that doesn’t know the chain of Michael Hill jewellery stores and bought something from them.

will be stepping down after 21 years as a Trustee and 11 years as Chairman.

Sir Michael is one of 124 individuals who are currently inducted into the Fairfax Media New Zealand Business Hall of Fame. This is a list of the most inspirational leaders of the last 100+ years who have significantly contributed to both business and the community. It’s not widely known that it was actually Young Enterprise that launched this as a way of creating heroes for our students, people they could look up to, people that could inspire them to dream of what they might be in 30 years time.

Under Tony’s leadership, we have seen close to three quarters of a million students benefit from one or more of our programmes. We have taken pleasure in knowing the difference this has made to so many people and we have watched our students grow in ability as well as confidence and go on to do great things.

On a personal front Tony has guided and coached me, acted as my sounding board, and provided great leadership over the last two years I have been Chief Executive. I’m sure that my transition into this role would not have gone as smoothly without him and for that I would like to say thanks.

Last month we announced the eight new people that will be inducted into the Hall of Fame (www.businesshalloffame.co.nz) as a Laureate and we’ve started to share www. youngenterprise.org.nz

HeadlineNews Nigel Gould

Tony Caughey (left) pictured with YES alumni Isabella Morris and Dr Ian Hunter of Hunter Publishing.

New Chairman for Young Enterprise Trust This month marks

Co from Manurewa High School last year.

a significant changing of the guard at Young Enterprise Trust. After more than two decades of service, chairman Tony Caughey will step down as a Trustee at the end of May. Tony has been a Trustee for 21 years, and has been Chairman of the Board since 2002. Longtime enterprise supporter and fellow Trustee Nigel Gould will take up the Chairman’s role.

winning olive oil, while at the same time

During his time as a Trustee, Tony has seen more than half a million students take part in the Trust’s programmes. Young Enterprise now has a suite of enterprise programmes and financial literacy resources which help students of all ages learn about their community.

“I’ve watched our programmes make a difference to young New Zealanders,” says Caughey. “I’ve seen them learn entrepreneurial skills and grow in confidence – perhaps best epitomised by Caring and www.youngenterprise.org.nz

These young people created an awardraising funds for the Life Education Trust.”

Young Enterprise CEO Terry Shubkin says Tony’s efforts and achievements cannot be emphasised enough. “Tony has led the Trust through a time of huge governance change and was representing us during the creation of the New Zealand Business Hall of Fame and the Global Enterprise Challenge. He has worked with four Governors-General, four Prime Ministers and all three Young Enterprise chief executives.”

Tony will step down at the biannual Supporter’s Council meeting later this month, and Nigel Gould will be formally appointed as Chairman. “I’m very proud to be taking on this role,” says Nigel.

sponsors that believe in our work.”

Nigel is a Fellow of the NZ Institute of Chartered Accountants and the Institute of Directors. He has created businesses in a range of industries, including information technology and tourism. Nigel was previously Chancellor at Massey University and is Past President of the NZ Chamber of Commerce. He is currently Chair of the Civil Aviation Authority of NZ and was recently appointed as a Commissioner of the Tertiary Education Commission.

“Enterprise programmes play a major part in preparing students for their tertiary education,” says Nigel. “Tomorrow’s tertiary students are our next generation of business leaders. To be successful, they’ll need to be able to work well both independently and as part of a team, with strong critical and creative thinking

“Terry and her team are very passionate

skills. I think our suite of programmes and

about helping young New Zealander’s to

resources give students the opportunity to

develop their enterprising skills, and we

develop those skills at a young age, which

have a huge network of supporters and

is exactly what this country needs.”

Free Financial EducationTeacher Workshop Developing our students’ financial capability in schools Young people face a myriad of financial decisions from an early age. Empowering and equipping them with the tools they need to make sound financial decisions is vital in our fast paced world. This practical, handson workshop will provide ideas and inspiration for primary and secondary teachers who are interested in helping students become more financially adept.

We will explore: •

The ways in which current resources can be used

•

The links with financial capability and the New Zealand Curriculum; including the key competencies and learning areas

•

How financial contexts can be used to support the development of literacy and numeracy.

You will also have the opportunity to hear from a range of presenters (including Young Enterprise Trust), students and teachers involved in

financial literacy programmes in their schools, as well as educators involved with the development of financial capability of our young people.

Organised by CFLRI this workshop is free. Register for the workshop here: www.cflri.org.nz/financial-literacy/ summits/2013-summit/summitregistration Thursday 13 June: 9.30am – 4.30pm (lunch included) at the Langham Hotel, Symonds Street, Auckland The following day, on 14 June, is the 2013 Financial Literacy summit

See us on stand 25

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Book Draw Winners

‘The Young New Zealander’s Guide

Congratulations to Helen Dallaston

to Entrepreneurship’ is designed

from Auckland Girls’ Grammar School and Linda Pavitt from Silverdale Primary School, the

as a resource for students taking part in the Lion Foundation Young Enterprise Scheme, but would

winners of our term 1 book draw.

also be a fantastic resource in any

They each receive a copy of The

Business Studies classroom. It is

Young New Zealander’s Guide to

available to purchase now at all

Entrepreneurship:

Whitcoulls stores.

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www. youngenterprise.org.nz

ď ľYoung Enterprise announces 2013 Hall of Fame laureates

The 2013 laureates are:

The Fairfax Media New Zealand Business Hall of Fame was set up in 1994 by the Young Enterprise Trust. The Hall of Fame recognizes and acknowledges New Zealanders who have made outstanding contributions to business and the community.

Each year, a select group of New Zealanders are inducted into the Hall of Fame. The laureates are chosen by a selection panel and any New Zealander can make a nomination. The Hall of Fame includes New Zealanders such as Sir Michael Hill, Sir William Gallagher and Sir Peter Leitch.

www.youngenterprise.org.nz

Sir John Anderson: Sir John was chief executive of ANZ National until his retirement in 2005. He currently sits on a number of boards and was chair of New Zealand Cricket for 12 years.

Sir George Fistonich: Sir George has been a pioneer of the New Zealand wine industry since he first began making wine under the Villa Maria label as a 21-year old.

Sir Colin Giltrap: Sir Colin built a motoring empire which extended through the Waikato to Auckland and then across the Tasman and into the United Kingdom.

Sir Dryden Spring: Sir Dryden was chair of the NZ Co-operative Dairy Company from 1982 to 1989, and then chairman of the New Zealand Dairy Board for the following 10 years.

Hugh Green (1932-2012): Hugh Green was born in Ireland and formed one of New Zealand’s major civil construction firms. Hugh went on to have interests in engineering, construction and property investment.

Mary Innes (1852–1941): Mary Jane Innes was one of New Zealand’s first businesswomen. She managed a number of breweries and bottling factories including what is today known as Waikato Breweries.

“The Hall of Fame recognises and acknowledges New Zealanders who have made outstanding contributions to business and the community. Each year, a select group of New Zealanders are inducted into the Hall of Fame.

The laureates are chosen by a selection panel and any New Zealander can make a nomination.”

The laureates will be inducted into the Hall of Fame at a gala dinner in Auckland on Wednesday 31 July. Each laureate (or their descendant) receives a citation from the Governor-General of New Zealand, and is accompanied by a Young Enterprise student.

Val Barfoot (1897–1987) & Maurice Thompson (1907–1968): Val Barfoot and Maurice Thompson created a real estate firm that is synonymous with real estate in New Zealand today. Their business is still run by the Barfoot and Thompson families.

Tickets are $225 each and are available from Young Enterprise Trust on 04 570 0452 or online at www.businesshalloffame.co.nz ■

www. youngenterprise.org.nz

StudentSuccess BP Business Challenge on the Road

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1. Wellington East Girl’s College 2. Glendowie College 3. Marlborough Girls’ College 4. Onslow College

2

3

5. Tauranga Girls’ and Boys’ Colleges

4 5

www.youngenterprise.org.nz

5

E-day action in South Auckland E-day is an one day workshop that brings students together to learn about the Young Enterprise Scheme. Business mentors attend in the afternoon to do ‘speed coaching’ sessions with the students on their business ideas.

18 www. youngenterprise.org.nz

Feature Students raving about Junior Enterprise Challenge

W

e are excited to have launched a new programme called the Junior Enterprise

Challenge, with nine Primary Schools and three Intermediate Schools in Otara, South Auckland participating in the pilot.

Supported with funding from the Glenn Family Foundation, the Junior Enterprise Challenge engages 50–60 students in a three-day experiential

Enterprise and financial literacy are vital

enterprise and financial education

life skills for our children, and are best

programme. The Challenge is

developed at a young age. Learning about

facilitated by the Young Enterprise

money is an excellent and authentic way

Team, with a focus on student driven

for students to develop their numeracy

experiential learning.

The first challenge took place in April at Yendarra School, with some of their year 5 & 6 students joining students from Bairds Mainfreight Primary School, Sir Edmund Hillary Collegiate Junior School, Dawson Road Primary School and Flatbush School .

The following week we visited East Tamaki School, where we were joined by students from Wymondley Road Primary School, Mayfield Primary School and St John The Evangelist School.

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www.youngenterprise.org.nz

and literacy – and they love it!

The emphasis is on learning while

can involve students from up to five schools, and the students are mixed into teams. Making new friends and working with them has proved to be one of the most notable highlights for the students. Yendarra principal Susan Dunlop commented “We

having fun, and the Challenge ends with

really enjoyed and appreciated the

a market event where students sell their

value of having other schools mixed

products and services to customers – their parents and caregivers. This is a real highlight for the children.

It was a memorable day for many parents too. One parent commented “I’m amazed at how this programme helps our children. Great! Awesome programme.”

Each Junior Enterprise Challenge

to participate as this builds stronger community connections and allowed the kids to make new friends.”

In their teams, the students brainstorm product ideas, design and make their products, and work on marketing. They also focus on the basic finance of how they will make a profit from their venture.

“Our students thoroughly enjoyed the experience. They came back each day raving about it. They enjoyed making new friends and taking up the challenge. Learning about financial literacy and becoming business savvy will be great for any future prospects.” - Teacher

We introduce students to the principles of earning, spending, saving and sharing their own money. This is done in a variety of ways - through board games and quizzes, group discussions, and with financial planning and recording for their business venture. Teachers found that for the students, the board game was “particularly effective in confronting their financial beliefs.”

used in the classroom.

Teachers from the participating schools observe and participate in the Challenge, so that they can see how the enterprise and financial education resources can be

to learn about the value of money.

A panel of judges from the local business community is invited to attend the market and determine the winners. Peter McGlashan, General Manager of the Glenn Family Foundation, judged at both Challenges and enjoyed the experience.

“It's a great opportunity for the kids I hope that exposure to this type of scheme will set them up well for the future,” says McGlashan.

The next Junior Enterprise Challenges are being held this month, with year 7 & 8 students from Ferguson Intermediate, Sir Edmund Hillary Middle School, and St John The Evangelist taking part.

The next step, beginning this term, is to work individually with the schools to help them integrate enterprise and financial literacy into their school curriculums, in a sustainable way that works for them.

To register your interest in a Junior Enterprise Challenge (year 5-8 students) in your area, please contact paul.newsom@youngenterprise.org.nz ■ www. youngenterprise.org.nz

ProgrammeNews

BP Business Challenge Following the successful trial of a Business Challenge in a Teen Parent Unit last year, we are delighted that the Ministry of Youth Development have confirmed the funding of three Challenges in TPU’s for 2013.

Lion Foundation Young Enterprise Scheme New teacher resources – Check them out!

We continually review and create resources to support delivery of our programmes.

Our focus recently has been on resources to support the use of our START-UP and YES programmes to deliver selected business studies Achievement Standards.

Who better to do that for us than those currently in the classroom?

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www.youngenterprise.org.nz

Over the term break our working party of enterprising teachers created more new resources and reviewed current ones to ensure they reflect the latest clarifications from business studies moderators.

Visit the teacher resource centre for •

Student workbooks

•

Student assessments

•

Exemplars

•

eaching tools on marketing, T graphing, and financial reporting

Remember to utilise the podcasts on the YES student webpage too: http://www.youngenterprise.org. nz/?page_id=242 Scroll through this page for a variety of useful information and templates on each stage of the YES programme as well as the podcasts on running a meeting, business planning, packaging and production.

Our thanks as always goes to our dedicated teacher working party for providing resources that are tried and tested in the classroom and are designed for teachers to “pick up and deliver”.

Financial Education: Skint to Mint - New Quick Play rules available now. The new quick play rules allow secondary school students to play Skint to Mint within an hour, with little facilitation. All the resources required for the Quick Play game are downloadable, and can be used with the original game board. The rules information sheet contains details about how to print the rules so they are ready for play.

Skint to Mint was designed by the Reserve Bank, in conjunction with the Young Enterprise Trust. It is designed to teach students about making informed investment decisions based on understanding the risk and reward they take on.

If you have the board game, download the new rules from the RBNZ website here www.rbnz.govt.nz/skinttomint/ For more information about the game, or to register your interest in ordering a copy, email skinttomint@rbnz.govt.nz

International Programmes Young Enterprise Scheme trial in Cook Islands The NZ Government assist developing countries through the NZ Aid Programme. The objective is to support sustainable economic development to reduce poverty, increase incomes and positively change lives. Recognising the importance of young Pacific people developing skills in enterprise, the Ministry of Foreign Affairs and Trade are funding

We hope that the results will be positive and that the programme will carry on with the community of interest continuing to work together.”

We are working alongside the Ministry of Education and the Cook Islands Chamber of Commerce to translate the model we operate in New Zealand to the Cook Islands. That is, we are ensuring that our programme is aligned with the local education curriculum, can be utilised

Young Enterprise Trust to trial YES in the

toward the delivery of credit pathways and

Cook Islands this year.

that there is a structure in place to provide

We have previously worked with the Cook Islands Ministry of Education on the development of a local enterprise and financial education curriculum and are excited by this opportunity to trial the YES programme in the Cooks to support this learning area.

Head of Secondary Enterprise Robyn Frey says, “Our approach this year is to set up a community of interest such that the programme can be sustainable in the future, and to trial the programme as a timetabled offering in one local high school. At the completion of the trial, independent evaluation will report on how well the project has met the objective of developing enterprising attributes in students and meeting learning outcomes; what has worked well and anything that hasn’t from the participant’s point of view.

on-going and authentic connection to the business community. We have contracted the Chamber of Commerce to provide a regional coordinator, with training being given in this role, including running the calendar of YES events.

Bali Haque, Principal of Tereora College on the island of Rarotonga, has agreed to run the trial with their Year 13 students and says “Our support for this programme reflects the importance we place on developing an enterprising culture in our young people.” Lucy Wymer, Education Enterprise Adviser for Young Enterprise Trust, visited earlier this year, providing professional development for teaching staff, and spending time in the classroom with students.

Robyn adds “We are delighted to be partnering with the College and

business teacher Stephen Graham in this curriculum area. I was really excited to get the first Cook Islands Enterprise Day underway and meet the students – they were really enthusiastic and it was a great day, with local business people coming along to experience their first speed coaching session. Like me, the business community can’t wait to hear the dragons den presentations from the students.”

The Ministry of Foreign Affairs and Trade are also sponsors of a national YES award for ‘A Product Solving a Development Problem’. If your YES team has a product that would translate to a developing country contact Robyn at robyn.frey@youngenterprise.org.nz to find out more about the award. ■ www. youngenterprise.org.nz

Connecting Businesswith Schools Business superstar Derek Handley to speak in Young Enterprise webinar Serial entrepreneur and business speaker Derek Handley is offering a unique opportunity to Young Enterprise students, teachers and alumni.

Derek will be the guest speaker for a webinar on Thursday June 6. Derek will cover his business story and provide tips on following your ambitions, as well as practical advice and tips for young entrepreneurs.

Derek Handley co-founded mobile marketing company The Hyperfactory which was sold in 2010. He is now heading a number of new ventures including Snakk Media and The B Team. Derek was named Ernst & Young ‘Young Entrepreneur of the

Derek Handley

Year’ in 2009, and one of the New Zealand Herald Business Leaders of the Year in 2010.

Derek is currently based in the US, but will be back in New Zealand in June to launch his new book, ‘Heart to Start’. His book includes a practical field guide which covers how to self-manage energy and time, filtering which projects to pursue, believing in yourself, redesigning habits and

of everything I’ve risked and returned, lost and won, failed and fought for to ultimately find my purpose,” says Derek.

All of our webinars are delivered free of charge thanks to the great guys at Magpie Media.

Places are limited - To reserve your

creating ideas that are uniquely yours to

place now, go to

take to the world.

www1.gotomeeting.com/

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“I wrote this book to share my own journey www.youngenterprise.org.nz

register/990681777. ■

“I wrote this book to share my own journey of everything I’ve risked and returned, lost and won, failed and fought for to ultimately find my purpose”

YES Business Planning Workshop The Ministry of Pacific Island Affairs and the Pacific Business Trust held a successful workshop for all Auckland Pacific Young Enterprise Scheme companies at the end of March.

Pacific YES teams from seven different

schools attended the workshop and received

Scheme Company of the Year. Lar

valuable advice and guidance on how to

and Ryan shared their stories and

write their Business Plan. Individual sessions

offered advice for this year’s young

on Leadership, Marketing and Finance were

entrepreneurs.

held to assist company directors.

The Pacific Business Trust also

Thanks to both the Ministry of Pacific Island Affairs and the Pacific Business

welcomed back Lar Su’a and Ryan King,

Trust for the great support that they offer

members of last year’s award winning

each year to Pacific students participating

Lion Foundation Young Enterprise

in YES. ■

Thanks to our fantastic sponsors and supporters. None of what you have seen in this magazine would be possible without them. If you would like to know more about how you can help, please go to www.youngenterprise.org.nz

SPONSORS & SUPPORTERS

www. youngenterprise.org.nz

IMPORTANTDATES Enterprise in Action

14-17 June

Auckland

Fairfax Media Business Hall of Fame Gala Dinner

31 July

Auckland

TEACHER PD WEBINARS – TERM 2 Webinars run from 4:00pm - 4:45pm or 4:15pm - 5:00pm. Please check when you register.

Date

Webinar

Relevant to Programme

Wednesday 22nd May 2013

YES Dragons Den – “How to pitch your business for students/ teachers”

Young Enterprise Scheme

Thursday 6th June 2013

‘Heart to Start’, with Derek Handley

Young Enterprise Scheme

•

Wednesday 19th June 2013

Using level 4 Primary financial education in the classroom

Primary Financial Education

•

Thursday 20th June 2013

Using Primary financial Education board games in the classroom

Primary Financial Education

How to run Junior Enterprise and Community competitions

Enterprise Studies (CEP)

Wednesday 26th June 2013

Using ‘Start Up’ to deliver and assess level 1 Bus Stds A/S

Young Enterprise Start up

•

Tuesday 2nd July 2013

Engage your year 10’s with the DairyNZ Get Ahead Challenge competition.

DairyNZ Get Ahead Challenge

•

YES – Mid year review of assessment for ‘Carry out’ Bus Stds A/S

Young Enterprise Scheme (YES)

Tuesday 25th June 2013

Wednesday 10th July 2013

Teacher Student For Year Level 12-13 •

• 12-13 • 7-8

1-8 • 9-10 • 11

10

12-13 •

Watch your inbox for your invitations to register for these Webinars, or email support@youngenterprise.org.nz detailing which webinar(s) you would like to attend.

Young Enterprise Scheme Dragons Dens are happening through May and June.

Check with your local regional YES co-ordinator for dates and locations of your event.

www.youngenterprise.org.nz

“

“

THE CLOSE

As long as you’re going to be thinking anyway, think big.

Donald Trump

Visit www.youngenterprise.org.nz Subscribe to Enterprise Matters for Free & receive your own copy four times a year www. youngenterprise.org.nz

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