NEED Northern Enterprise Education Day
Secondary students, primarily year 10 business studies students, are given the opportunity to interact with successful, young business personalities through a series of presentations from guest speakers. Students are encouraged to use the inspiration offered in these presentations to develop their own creative proposal for the improvement and extension of an existing business.Similar to WRED, the Northern Region Enterprise Education Day (NEED) teaches the fundamentals of designing and running a business.
This program is designed specifically for grade 10 students to compliment enterprise education taught in schools. The program aims to extend students understanding of basic business practice, marketing and financial management and encourages them to consider entrepreneurial career choices.
Through contact with inspiring young business people students are given insight into the opportunities available to young entrepreneurs. This program gives students the opportunity to improve their understanding of the economic principles relevant to running a business as well as practical experience in developing business models and assessing “real world” business issues.
The opportunity to start their own part time business is also given to a select number of students who show a passion for entrepreneurship. Students are invited to apply for a SIFE Adelaide student business grant. Based on the knowledge gained throughout the day combined with their own creativity students will present a business plan to a panel of judges. The plans perceived to have the highest chance of success are awarded grants to help with start up costs.