Debenham students launch new product as first step into business world
A group of north Suffolk GCSE students have taken their first step into the business world after launching a company and their own product under a youth enterprise initiative.
Ipswich-based commercial mowing equipment manufacturer Ransomes Jacobsen provided mentors, as part of their Young Enterprise Business Scheme, to a set of Year 10 pupils from Debenham High School, who had recently registered a limited company for their new product Memo It, a multi-purpose acrylic note and memo pad.
The students met Ransomes Jacobsen’s managing director Alan Prickett during a recent tour of the firm’s headquarters.
Business studies teacher Jane Wilson, who accompanied the group, said: “We are very grateful to Alan Prickett and his team for his company’s support of this year’s students.
“The visit to Ransomes Jacobsen has given them a fantastic opportunity to relate what they are learning through the Young Enterprise scheme to the actual operation of a large, local company and an insight into how manufacturing and customer service work together to make a successful business.”
The pupils had designed and manufactured their product, which they say can be used for writing reminders, to-do lists, shopping lists, revision notes and more, after raising £400 in capital by selling shares in the business.
They received advice from Ransomes Jacobsen staff on aspects of finance, human resources, procurement, marketing and sales.