SIFE Criteria 2007/08:
Market Economics
Personal Success Skills
Entrepre-
Financial
Business
Sustain-
neurship
Literacy
Ethics
ability
Core Team 112, Management Team 14, Projects 4, Media Circulation 1,351,000
Key Achievements n
urned around 2 small enterprises once on T the brink of insolvency.
n
orked with companies both large and W small, to reduce energy usage and CO2
n
emissions, to begin making the UK greener one step at a time.
n
rovided income for deprived rural P schools in northern Ghana.
E ducated over 700 children across the globe about business and entrepreneurship.
n
ripled the incomes of 1350 members of T the Tichammah cooperative.
Project SIFE Nottingham: Ensuring our long term sustainability
SIFE Nottingham continues to focus on building the sustainability of the team through attracting a diverse member base, and investing in the skills of its members whilst ensuring our newly implemented ethical code of conduct is widely used throughout all of our projects. Recruitment: Our diverse membership includes recruits from nine academic schools including Business, Engineering and Law. We run regular recruitment events to encourage widening team participation across the university.
Developing our Human Capital: With the support of our sponsors, Business Advisory Board and alumni we continue to run training events and weekends for our members. These team building events have ensured a strong team spirit!
The University of NottinghaM
The University of Nottingham was founded in 1798 and is recognised for its academic excellence. The University has been the home of famous author DH Lawrence and Nobel Prize winner Sir Clive Granger. International campus developments and student opportunities in China and Malaysia has seen the University of Nottingham labelled as Britain’s “only truly global university” by the national newspaper ‘The Times’ who also awarded the University the prestigious honour of the 2006/2007 ‘Higher Education Institution of the Year’. The United Kingdom
Business Advisory Board
Total funding $36,000
n U niversity of Nottingham n Accenture n Deloitte n Proctor & Gamble n Deutsche Bank n HSBC eam Entrepreneurial n T Activities
n university of nottingham $20,000
n Deutsche Bank
$2,000
n Accenture
$5,000
n HSBC
$700
n Deloitte
$3,000
n Team Entrepreneurial
$3,300
i Myinfomatrix
2007/08
Spreading our Reach: With our University setting up a campus in Ningbo, China, our team has moved fast to ensure a SIFE presence there. We currently have 23 members in Ningbo, and have set up a Business Advisory Board to help ensure the development of the team, enabling us to create business and transform lives on a much larger scale.
funding
n Proctor & Gamble
Annual Report
$2,000
Activities
Chris Mahon
- Faculty Advisor
Paul Gurney
- Accenture
Chris KimmetT
- Accenture
Emma Birch
-E nterprise-Rent-A-Car
Made of up of the 4 different countries of England, Scotland, Wales and Northern Ireland, the United Kingdom is home to 60 million people. Steeped in history and culture, the United Kingdom is famous for its Royal Family, literary greats, inventors, and its role in the industrial revolution which have shaped the world we now live in.
Kate Beresford - Student Enterprise Consultant Jennifer Foster - Proctor & Gamble Jonathan Harper - Future Foundations Jack Butler
- Future Foundations
Media Circulation
PRINTED:
SIGNATURES
n
Flyers - 3,000
n
Graduate Prospectus - 60,000
MEDIA:
Professor Lee Drake Director of Nottingham University Business School
Chris Mahon SIFE Nottingham Faculty Advisor
n
ottingham Evening Post N (x 4 Articles) - 1,000,000
n
Impact Magazine - 25,000
n
URN Radio - 3,000
WEBSITE/INTERNET: Charlotte Matthew SIFE Nottingham President
Creating Business. Transforming Lives
n
Sifenottingham.co.uk - 250,000
n
niversity of Nottingham U Press Release - 10,000
SIFE PROJECTS 2007/08:
Over 2100 impacted! Market
Small Enterprise Consultancy Challenge: Turn around struggling small enterprises into profitable and sustainable ventures. Impact: Brighwaters and Urban Fashion House have taken their new found knowledge to turn their small enterprises into profitable sustainable ventures.
Economics
Personal Success Skills
Entrepre-
Financial
Business
Sustain-
Market
neurship
Literacy
Ethics
ability
Economics
Brightwaters
Urban Fashion House
Brightwaters is a community laundrette that provides low-cost laundry services to the local community and a free pick up and delivery service for the housebound.
Urban Fashion House is a fashion academy and shop. It provides training and a commercial platform for young designers.
Achievements:
Achievements:
n
n
n
educed utility bills by 14%, a $1000 R annual saving. new dry cleaning business has A been created, securing contracts with professional service companies such as Enterprise Rent-A-Car and Experian.
n
n
n
weekly loss of $270 turned into a $70 A profit per week.
n
IFE intervention prevented delivery staff S from being released.
n
ogether we analysed accounts to reduce T annual costs by over $5000.
n
he newly developed skills of the T Brightwaters staff will practically be implemented long into the future.
n
I n light of new demand, imminently researching new premises for expansion.
n
rofits are to be reinvested back P into Brightwaters.
taff established trade links with suit S manufacturer Romon in China, initial orders of 82 suits. ollowing market research SIFE has F already generated gross profit of $3280 for the Urban Fashion House.
Tichammah aims to ‘Build Better Lives through Beekeeping’ by teaching business skills and encouraging beekeeping best practice. Challenge: Develop the Ghanaian beekeeping industry. Impact: Members of Tichammah now have a better quality of life as a result of the development of the Ghanian beekeeping industry. We ran the project over a 12 month period with 3 distinct phases:
E nsured better working conditions for disabled workers, through contracts.
n
n
n
rban Fashion House are now capable U of running an international importing business as a result of workshops held on marketing, the import process and service recovery.
Sustain-
Ethics
ability
heir new income means that this year T more than 1000 children are able to attend school for the first time.
n
embers were taught marketing skills M and now they bottle their honey under the Tichammah brand and sell it for $7 per litre as opposed to $2 litre.
embers were taught how to create a M new income stream by adding value to agricultural products and processing them into food.
n
e ran Financial Literacy workshops W where we taught the importance of investment and savings.
n
n
n
eeswax was viewed as a waste product. B We taught them how to turn the beeswax into a range of value added products; this returns an average profit of $20 per kilo. e taught them some simple techniques W to increase yields. This led to increases in honey production of up to 367%.
n
n
he 1350 members of the Tichammah T cooperative have seen their incomes triple from $50 per year to $150 per year. s a result they are now able to eat an A improved diet, afford basic medication and improve their living conditions.
Economics
Market
Business
Sustain-
Economics
Ethics
ability
Challenge: Educating children about business finance and entrepreneurship contributing to their confidence to succeed despite their deprived backgrounds.
Sustainability: Phase 3 - was designed to ensure the co-operative’s long term sustainability: n
one year trial has shown that the plastic A ‘SIFE Hive’ which can be purchased for less than $5 produces the same honey yield as traditional wooden hives. The construction of these SIFE hives will expand their capacity by at least 50% over the next year.
n
W e recently helped the co-operative move into offices and set-up a bottling facility. As a result the co-operative can expand into larger markets as their honey production rises.
n
C reation of the Tichammah Micro-credit fund.
orked with several companies to reduce W their energy costs by $3700 a year.
n
P revented 5000kg of CO2 emissions per year.
Enterprise Nottingham
n
rained staff to ensure long term T reductions in energy costs and emissions.
Achievements: n
Sustainability: ompanies become fully informed in how C to continue to run the programme long into the future. uarterly check ups on energy Q consumption are implemented.
We have also received significant media circulation
Provincial Newspaper and Television exposure
from the work of the SIFE Nottingham team on our
has reached over 100 million people across
Ningbo campus in China.
the Zhejiang province.
Personal Success Skills
Impact: Students across the globe have taken forward their newly developed business awareness in order to succeed and effectively make informed decisions.
n
n
Business
Literacy
reated additional monthly income for C disabled Chinese workers.
Achievements:
n
Financial
neurship
Phase 1 - we taught the beekeepers how to organise themselves as a co-operative and transform their beekeeping business:
nsured better working conditions for E disabled Chinese workers.
Flagged
Impact: Companies large and small across the UK are increasing their energy efficiency and reducing energy costs.
Entrepre-
n
Global Enterprising
Challenge: Increase companies’energy efficiency and reduce energy costs.
Skills
Achievements:
Market
Flagging electrical items unnecessarily left on overnight. Process is repeated over several weeks to reinforce the lessons and random spot checks ensure the gains are permanent.
Success
Phase 2 - We taught the beekeepers the importance of diversification and showed them how to invest their beekeeping profits into new ventures:
Sustainability:
Sustainability: n
avings of $1500 through reducing bills S and energy consumption.
Tichammah
Personal
orked with over 500 secondary school W children empowering them to raise money for their schools through enterprise.
Sustainability: n
A ll programmes are set to expand in the next academic year, working with a larger number of pupils and a larger number of schools.
Creating Business. Transforming Lives
Entrepre-
Financial
Business
Sustain-
neurship
Literacy
Ethics
ability
Enterprise Ghana Achievements: n
P rovided 202 students from 3 schools with seed capital to start their own micro-enterprises.
n
ach school is on track to generate E enough money to buy 10 hives.
n
P rofit of an anticipated income of $900 per annum has been re-invested. This will be enough to provide 25 scholarships a year for talented children from the poorest families.
Sustainability: n
he profits made thus far have begun T to transform schools in the region and through scholarships, offer education to those who could previously not afford it.