Thirty Year 10 pupils learned about both the highs and the lows of entrepreneurship in a “phenomenal” interactive workshop.
Their challenge was ostensibly to beat their classmates by building the tallest free-standing tower out of marshmallows and spaghetti – but the whole exercise was really a simulation for running a start-up company.
The boys had to negotiate ever-changing rules and regulations, cope with financial ups and downs, and even overcome natural disasters, all of which gave them valuable insights into what entrepreneurship actually involves.
Assistant Head (Pupil Involvement) Crispin Bonham-Carter said: “It was a fun simulation which the boys found tremendously enjoyable, but the overarching purpose was serious indeed: we wanted to get them thinking about all the different aspects of managing a business and to give them the chance to explore and practise skills of entrepreneurship.
“The world of work continues to evolve, such that start-ups and project work abound. Promoting the competencies needed to thrive in such a context, including effective planning, teamwork and communication, is an important element of our programmes supporting careers education and employability skills.”
The workshop was led by Makyth Ventures, an entrepreneurship hub established by Winchester College. Among those involved is the new Bursar at Winchester, Paresh Thakrar, who is an Old Elizabethan – he left QE in 1993 – and has established a connection with Mr Bonham-Carter.
During the morning, while they constructed their towers, the boys worked in teams to buy in not only raw materials, but also expertise. Through the session, things changed rapidly, with opportunities arising to pitch for investment (thus providing more money with which to purchase materials), pay for consultancy, purchase insurance and to forge joint ventures with other teams.
Challenges included storm damage – forcing participants to understand the extent to which their insurance covered their business – changes in building regulations and specifications, and the vicissitudes of the wider economic situation.
The afternoon session was an extended debrief, in which the various issues and strategies were discussed to draw out lessons that could be applied in real-world situations.
One of the boys involved, Pavan Kovuri, said he had expected only a “mundane PowerPoint slideshow” but had been pleasantly surprised: “I personally thought the workshop was phenomenal and an extremely enjoyable, practical, hands-on experience.
“The main tasks were making sure we had a stable building and had a sufficient amount of money left over. We had to choose carefully where to invest and especially had to focus on the decisions we made.”
Pavan said his main ‘takeaways’ from the workshop were:
- Ask questions. No matter how stupid they might seem, ask them. It’s better to ask it now and maybe even be ridiculed; if you don’t, you will regret it later, and at that point, it might even be too late.
- Some people will aim to bring you down. There are going to be obstacles in your way. There’s always going to be something, but it’s the way you react to it and how you deal with it that decides if you’re going to make it.
- Finally, just think outside the box, be patient, wait, stay organised, and coordinate. Being an entrepreneur is hard, but if you push through and work as a team without belittling others as you seek ‘to pick up the pennies’, you will succeed.
The workshop facilitators from Makyth Ventures pronounced themselves highly impressed at the approach of the boys and their effectiveness in the simulation.
Team 4’s Water UVC bottle could thus benefit many millions across the developing world without access to safe drinking water, the boys explained in their richly illustrated, 31-page PowerPoint presentation. They even included an option for the UV lamp to be solar-powered to make the bottle viable for people who could not afford mains electricity.
Making the announcement that Team 4 had won, Assistant Head (Pupil Progress) Sarah Westcott said: “During last term’s lockdown, our usual face-to-face careers activities for Year 9 in this important period of their School careers had to be reimagined. We amended our plans so that boys could work from home, while still developing important work-related skills such as creativity, teamwork, independence and the ability to communicate their ideas.”
Well over 50 Old Elizabethans – mostly those who left the School last summer – took part in the video convention for Year 12 pupils considering their university options.
Head of Year Simon Walker said: “Many of the placements that our Year 12 students worked hard to organise in the previous academic year had to be cancelled due to the lockdown; online work experience has therefore been an important alternative means of enabling them to develop their understanding of workplaces and workplace skills.
On other days, he was part of smaller groups learning about laboratory skills and mechanisms from a researcher at the institute. “The interactive nature of this made it some of the most enlightening laboratory work experience I have done,” said Mark. The picture here shows a slide used to explain the theory behind some of the laboratory work.
Organisations represented during the day included Google, KPMG, Cass Business School and Rakuten, the electronic commerce and online retailing company. The speaker for the final session, on engineering, was Old Elizabethan Karan Dewnani (2006–2013), who has enjoyed a successful career as a civil engineer after graduating with a Master’s degree in Civil and Structural Engineering from Sheffield in 2017. Karan, who is pictured, top, on the big screen, recently took up a post with global professional services consultancy, WSP.
Dr Westcott said: “This is a mentoring initiative for Year 12 students with companies from across the digital sector – a brilliant opportunity to expose them to professions they may not have considered within the digital sector and get work experience in companies such as Google, Vodafone, Just Eat, Cisco and LinkedIn, alongside exciting tech start-ups. They will also benefit from advice on CVs, interviews and networking. The programme aims to level the playing field, opening up such careers to young people from all walks of life.”