 There is a new Entrepreneur Challenge Award badge that has just been released, details are not in the handbook but are listed below:
The badge will be awarded to Scouts for demonstrating a Mind for Business, doing one of the following: • Create a successful Scouting enterprise as part of a small group This may include making money at the Christmas Fair so get your thinking cap on. It could be an enterprise to raise funds for our Scouts to attend a camp or raise funds for the Troop or Group. The badge was inspired by the TV programme, Dragon's Den.
The Mind for Business principles are below and under attachments for a printer friendly version.
The Entrepreneur Challenge Mind for Business principles Do you have a Mind for Business? As part of the Entrepreneur Challenge, Scouts learn about a range of business principles that will help them create an idea for an entrepreneurial venture. There are ten key principles that should be kept in mind when they are developing ideas:1. Never give up More important than achieving success is knowing that you did everything in your power to make it happen.2. Every no is really a yes Persistence pays. You have to knock down doors and, if necessary, bring others around to your way of thinking, regardless of how long it takes.3. Failures are just learning points along the way If you learn lessons when something goes wrong, the fact that it has becomes less important.4. It’s not the idea, it’s making it happen Almost any idea can be successful if you take the right approach, and even the best can fall flat if the right steps aren’t followed.5. Stick with it and think big There are always likely to be teething problems, but using these principles should help you persevere. Keep the end goal in mind throughout.6. It’s important to find an opportunity in every problem Don’t just look at the impact a problem may have but what new opportunities it presents. Embrace these challenges and you can develop your thinking and your enterprise.7. Success is about getting the right people into the business Who can offer you what you need? Money, services, expertise and action you can’t do without, but some people will provide them better than others. Make the right choices.
8. Speed is undervalued The faster your product is on the market, or your service is available, the faster you’ll be making money. If you quickly exploit a gap in the market, you’ll have less competition.9. The people who are busiest are the people who get the most done What makes a person busy? The answer is action. A truly busy person is getting things done constantly, and this is the most important aspect of any enterprise.10. If it isn’t making money, don’t persevere with it Although you should ideally never give up, it is better to admit that something is failing, and learn the lessons, than to persevere. Use short term failure to focus attention back to the longer term aims. |
Entrepreneur Award |