Bull Ring information pack

8
Information pack

description

information on initiative to help youngsters in Spain

Transcript of Bull Ring information pack

Page 1: Bull Ring information pack

Info

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pack

Page 2: Bull Ring information pack

Los jóvenes empresarios expondrán su caso ante empresarios

locales dispuestos a invertir en talento joven con su experiencia,

ayuda y consejo (y, posiblemente, si la idea es lo suficiente-

mente buena, los Bulls ofrecerá una inversión que podría ser de

tiempo, dinero, recursos o de todo ... (o posiblemente nada )

a desarrollar su plan de negocios que presentaránn antes los

"Bulls".

Procedimiento

1. Presentación de un máximo de tres minutos.

2. Los "Bulls" harán preguntas sobre la propuesta de negocio.

3. Bull puede hacer más preguntas individualmente

4. El "Bull" tomará notas y una decisión después de ver los diez

empresarios

5. Los tres finalistas serán llamados de nuevo a responder más

preguntas y tendrán la oportunidad de agregarlas a su present-

ación anterior.

6. El "Bull" decidir si excluir o hacer una oferta

Después de que se hayan realizado todas las presentaciones de

los concursantes con sus padres / maestros se reúnirán con su

inversor(es) si han sido elegidos.

Cada mes 'La Plaza de Toros' visitará una escuela u otro lugar y

mantendrá a los "finalistas" de un concurso estilo "Dragons Den"

de jóvenes emprendedores elegidos de una escuela particular

ganadoresdurante ese mes. Los diez empresarios jóvenes-pre-

viamente filtrados por el colegio correspondiente - tendrán cada

uno una idea "razonable" de negocio que podría obtener ben-

eficios con la ayuda de una pequeña inversión. Inicialmente en

Inglés, el plan es hacerlo en español también muy pronto.

Objetivo

Es doble, en primer lugar, para ayudar a los jóvenes emprend-

edores a desarrollar su idea de negocio a un punto en el que

puedan funcionar como un negocio legal y en segundo lugar,

fomentar la confianza y la creatividad.

Los concursantes pueden ser grupos de cualquier número de

participantes y puede contar con la ayuda (en la preparación y

en el día) de un maestro, pero la presentación se debe hacer por

los estudiantes.

Su plan de negocios puede ser de grandes cantidades de flujo de

efectivo o "dinero de bolsillo", pero todos los participantes deben

tener un plan de negocios ... y debe ser un plan que pueda con-

vertirse en un negocio legal.

Los Bulls elegirán cuánto tiempo,qué ayuda o incluso la finana-

ciación que ofrecerán a cada joven emprendedor o equipo en

función de su propia opinión.

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I had an idea a while ago while

watching the British TV programme

Dragon’s Den which help entrepre-

neurs (some of them at least) turn

their dream into a reality.

Along similar lines I thought it would be a

good idea to go into schools and see if there

were kids who had ideas for a business (or

a worthwhile project) but didn’t know how

to make it become something tangible,

and even profitable! The results were not

so surprising after all – kids have wonder-

ful imaginations and can ‘think outside the

box’ without even trying!

The idea of the Bull Ring is to promote cre-

ativity, confidence and knowledge of how

the business world basically works giving

youngsters the opportunity and resources

to realise a dream or a project that they

have in mind. Whether that is an individual

or a team, or even a whole class, is not im-

portant – the main objective is have thought

it through beforehand (and with the help of

a teacher) be focusing on making it happen!

What happens in The Bull Ring?

Initially we will go to the school and present

to an assembly, introducing ourselves and

our businesses before asking the kids to go

away and, with the help of a teacher or two,

come up with great ideas for projects, busi-

nesses or even inventions before we return

six weeks from that day to hear their ideas.

Once we return the teams present to us for

up to five minutes and ask the ‘Bulls’ for

help in getting their idea off the ground –

that can be any sort of investment that they

ask for; money, the Bulls’ time, expertise,

contacts and so on. The Bulls then have

the opportunity of quizzing the youngsters

about their idea but, and this is most impor-

tant, it is all carried out in a positive manner

with no negative criticism at all.

After ten teams have presented the Bulls

will confer for a short time before calling

back as many of the teams as they need to

in order to ask any follow-up questions. An-

other important thing to remember is that

none of the teams go away without hav-

ing some help offered by at least one of the

Bulls. Believe it or not, in the past, we have

had some strange ideas that clearly were

either not feasible or were, shall we say, not

the greatest idea in the world. (One team

practically wanted to organize an Olympic

size sports day while another was an inven-

tion of a combined pen/pencil that would be

half its use once the lead ran out!). But, as

with those teams, we took their ideas and

reshaped them into something that would

work (a smaller football tournament be-

tween schools and a look at doing a school

newspaper).

With the top three teams, the winners were

a team of three girls who had sourced ingre-

dients and calculated costs, and produced

some delicious cakes. With their costs and

facilities arranged they had also approached

local businesses and had a list of customers

willing to sell their cakes through their ca-

fes and bakeries. All they really needed our

help for was to show them how to re-invest

their profits and some advertising help;

apart from that they had done an amazing

job on their own!

Afterwards

Working with teachers we can also have a

constant link with the kids (via secure on-

line file storage) to continue developing

their ideas so that they don’t have to wait

for one of the Bulls’ follow-up visits to ask

questions or get help.

One good thing about the idea is that it can

be done anywhere and that’s something I’m

really keen on developing. With the help of

local business people, who are willing to

help local youngsters by offering time, help.

skills or even money (if the idea is good

enough they could even see a decent profit

from their investment) the Bull Ring could

happen in local towns – helping youngsters

who at present have no employment or op-

portunity, and in local schools – preparing

young entrepreneurs for their future chal-

lenges with innovative ideas and support.

Want to join in?

Any schools reading this or parents who

would like to see their school employ a

project such as this should get them to get

in touch – we’re always ready! We don’t

charge anything for this either, that’s im-

portant to point out as everyone involved

has done it for one main reason and that’s

to see youngsters developing their (often)

great ideas.

Also any businesses willing to participate (it

doesn’t matter where you are) we’d like to

hear from you. I will happily travel and chat

to anyone (whether it’s a business, school,

possible Bull etc.) I’m happy to come along

and try and get youngsters thinking and

creating in as many places as possible.

Dave Bull

96 669 5160 - 606 540 408

[email protected]

Making ideas happen!

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THE BULL RINGProcedure

Young entrepreneurs state their case in front of local businessmen willing to invest in young talent for

their expertise, help and advice (and possibly if the idea is good enough the Bull(s) will offer a financial

investment) to develop their business plan that they present before the ‘Bulls’.

‘The Bull Ring’ will visit a school or other venue and hold the ‘finals’ of a Dragons Den style competition from teams of business young

entrepreneurs supplied to us by the particular school. The ten teams - previously filtered by the relevant school - will each have a

‘reasonable’ business idea that could make profit with the help of a small investment.

Aim

Two-fold, firstly to help young entrepreneurs develop their business idea to a point where it operates as a legal business and secondly

to encourage confidence and creativity.

Procedure

1. Presentation of up to five minutes.

2. Questions from the Bulls about the business proposal.

3. Bulls may ask more questions individually

4. Bulls make notes and make a decision after seeing all ten entrepreneurs

5. A final three will be brought back to answer more questions and have the opportunity to add to their previous presentation.

6. Bulls decide whether to opt out or make an offer

After all presentations have been made contestants along with a parent/teacher meet with their investor(s) if they have been success-

ful.

Basic rules.

Teams can be any size group (1 individual or a whole class) and can have the help (in preparation and on the day) of a teacher but

the presentation must be done by the students.

Their business plan can be for cash flow dealing with large amounts or ‘pocket money’ but all teams must have a business plan…and it

must be part of the plan to (possibly) become a legal business.

Bulls choose if, and how much they will offer (time, money, expertise, contacts) each team of the entrepreneurs depending on their

own opinion.

Some of the current BULLS

Dave Bull – All Abroad magazine

Paul Payne – MASA International

Claire Worland – Coastrider Newspaper

Gin Marks - Lifestyle expos

Comments

Nothing discouraging, always positive, constructive.

TIPS BEFORE YOU COME TO SEE US

Remember the Bulls don’t like to waste money so the more you can convince them that your idea will work with a ‘reasonable’ invest-

ment of their cash the more chance you have.

Presenting

Don’t worry about talking in front of us or stumbling over your words, just make sure that you give us all the information you think we

need - we won’t be judging your business idea on your performance but on whether we think we can help you to bring your business

idea to life.

Don’t worry we’re friendly Bulls!

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THE BULL RING AT THE CHILDREN’S HOMEKids…they never stop surprising you…

The Bull Ring had an amazing afternoon at Emaus children’s

home in Elche today. Returning to listen to the kid’s ideas about

how they would go about raising cash for something they want-

ed personally (we thought) they surprised and impressed us

with what they came up with.

First up came a team of four lads who’s come up with a very

interesting idea to help the elderly. It’s a concept that we believe

we can move onto to the next stage with the appropriate

help. We need someone with a technical or engineering

background who’d be willing to spare some time now

and again to help these grateful kids realise their idea.

You can imagine the benefits to these youngsters when

we get their ideas from the ‘chat about it’ stage to the

unveiling or launch onto the public of their hard work.

And it will be hard work for them as tis they, not us,

who will have to follow through and make things hap-

pen for themselves. This bunch are so receptive to

what we’ve put forward its’ rewarding to us already.

Next up came a pair of talented guys who can sing

and dance and wanted to do something with their

undoubted abilities. Add to that they had also come

up with a fascinating concept to produce electricity;

at virtually zero cost and you can imagine how im-

pressed we were by this stage.

Finally we spoke to a young lady who, at first, was

reluctant to offer up anything and then admitted

she’d like to write a book. She’s collected together

a selection of her poems and short stories, and

they were a fascinating insi9ght by a very talented

writer. She’s already working on some ideas we

gave to her realise her dream.

What we really need help on here is translation

of the stories and poems, so we’re asking for

someone fluent who could translate the senti-

ment that is carried in these amazing stories.

We’re not expecting anyone to do them all, but

if we could get a few people doing some each?

Let me know if you can help.

So there you have it – we return to Emaus ear-

ly January to begin the next stage of getting

these guys amazing and helpful ideas off the

ground.

The Bull Ringin the press

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The Bull Ring – Rules

1: The Pitch

Entrepreneurs must start the presentation by stating their name, the name of the potential business, the amount of investment they are pitch-

ing for and the percentage of equity they are willing to give away in their company.

They must follow this with a pitch of up to five minutes unless a longer time is agreed beforehand. Teams can be any size group and can

have the help in preparation and on the day of a teacher but the presentation must be done by the students.

2: The Q & A

Entrepreneurs DO NOT have to answer all the questions asked but what they do or do not choose to answer may affect the outcome, for

example, if they refuse to reveal net profits.

They may also ask the Bulls any questions that help them determine whether they are suitable investors for their business.

3: Opting 'Out'

Entrepreneurs' time in the Ring is over after all Bulls have declared themselves 'out'.

Also, once a Bull has declared him or herself 'out', they MUST NOT re-enter negotiation on the deal unless invited by another Bull, and

unless there is a compelling reason, they should remain quiet and leave the others to pursue the negotiations.

4: Investments

If a Bull offers less than the full investment the entrepreneur must try and make up the total by securing an investment from one or more of

the remaining Bulls or take the offer.

The entrepreneur can negotiate more help or investment than was originally requested as this is usually to redress the sticking point of an

entrepreneur giving up more equity than was initially offered.

5: Multi-Bull Investments

Each Bull is working as an individual investor. The Bulls can invest as little or as much of their own time, money etc as they want. It is up

to the teams to persuade them to match the required investment or pledge to invest a portion of it

As above, it is acceptable for the entrepreneur to seek investment from more than one investor in order to make up the total amount re-

quired. A full investment may involve between one and all parties.

6: Refusing Investment

An entrepreneur can refuse investment from a Bull if they think they are an unsuitable investor or the deal on the table isn't right for them.

7: The Deal

The deal agreed on the day is an unwritten agreement that depends on due diligence checks, and relies on the intergrity of both investor and

teams to freely enter the transaction and be fully committed to seeing it through.

However, the deal is solely between the Bull and the entrepreneur and after additional meetings, if an agreement cannot be reached, neither

party is legally obliged to complete the deal.

The ‘Bull Ring’ remains impartial as they cannot be involved in the business contract between the

two sides. The two sides meet after all presentations have finished to exchange business cards on

and the completion of the deal is then left to the entrepreneur(s) and the Bull(s).

An adjudicator will be there on the day to help settle any disputes.

8: The Friend

Entrepreneurs are permitted to have a friend on standby in the Ring, to help them answer some of

the Bulls' questions. This friend must usually be someone who is directly involved in the business

or a teacher. They can ask the Bulls to meet their friend at any point after the five minute pitch.

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References & contacts

Dave Bull 96 669 5160 - 606 540 408

[email protected]

websitewww.loadofbull.es

Facebookhttps://www.facebook.com/pages/The-Bull-Ring/209747129079672

For a video giving a very general idea of what we do follow this link (this is not us but a BBC TV programme):

http://www.youtube.com/watch?v=6YA7ytbnlzM