Set up your company

FOR ALL budding entrepreneurs a pack entitled Transition Year Mini-company has been sent out to the Transition Year co-ordinator in schools. The pack brings teachers and students through the process of setting up a company, registering it, conducting market surveys, managing the staff, attending trade fairs, setting up board meetings and liquidation. The process actually works and has produced mini-companies over the years that have been very successful. "There is a huge buzz around the school for the mini-company project," says Gerry Jeffers of the Transition Year support team, who also organised mini-companies in his school. The realism of setting up a company and learning how the different aspects of a company integrate are what makes the project beneficial to students, says Jeffers. In addition, he says, the task of working as a group as opposed to individual work, which most school work is, is of great importance.