116 lives impacted

100 schoolchildreninspired

1 establishedbusinessman

1 homelessman transformed

14 orphansempowered

Building better futures,brick by brick

Annual Report2011 - 2012

+ First ever student group toestablish a commercial partnership with our student union

+ Negotiated 50-50 profit andinvestment split, with seniority on profiton profit

+ 2 limited edition designs, 36t-shirts sold in under 30 days, expected profit of £700.

+Self generated income:18% last year, 63% this year

+Established 2 commercial projects:Trash 2 Treasure and BSc

+Reduced reliance on grants andone off fundraisers

+Established dedicated financial +Established dedicated financial teams for each project

Finances

Welcome

BSc + Student designed, limited edition t-shirts+ Merchandise is sold through the University shop+ Primarily targeting an undergraduate audience

Self-generated income:£2426.24

Institutional support:£438.50

BAB grants:£450.00

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Needs:+ Carl suffered from a lack of confidence and skills+ He lacked marketing and branding knowledge

Business/economic concepts:+ Clothes donations made the shop sustainable+ Promoting that shop profits go to charity

Entreprenurial approach:+ Market segmentation, analysis and research+ Events management

Empowerment:+ Carl now runs his own events in Birmingham+ The business is promoted through networking

Sustainability: + Runs events in collaboration with SIFA Fireside+ Noticed the impact of effective marketing and realises their advantages

Results:+ Money raised and awareness of the shop and its cause brought about through marketing+ Established Carl as a businessman in Birmingham

Impact:+ Raised £350 at the first event, £103 raised at a fair

Forgotten VintageForgotten Vintage is a retail clothing shop, which benefits thehomeless in Birmingham. We empowered Carl Franklin whois now an established businessman maintaining and manag--ing his own business

Enterprise Academy empowers11-16 year olds in schoolswithin underprivileged areasof Birmingham

SIFE members deliver business workshops tostudents who go on tocreate their own micro-businesses

The aim is to equip students with the confidence and motivation to continue withfurther education or considerstarting their own business

Results:+ £200 profit made from community openday, empowered 108 students since 2011+ Project expanded to 4 schools with themed teachingsessions, including scope for teachers to run sessions.

Sustainability:+ Ability to expand the model to more schools easily+ Students horizons are broadened - higher educationor pursuing a business careers are possibilities for them

Empowerment:+ Students develop money-making skills that will benefitthem economically

Entrepreneurial approach:+ Teaching focussed around Apprentice-style challenges+ Students took part in real world business excercises

Business and economic concepts:+Themed teaching sessions cover business conceptssuch as product design, pricing, sales and branding

Needs:+ The inner city youth in Birmingham lack job prospects+ Birmingham’s youth have underdeveloped soft skillsincluding communication, teamwork and leadership

Enterprise Academy

Impact:+ Students have more opportunities available due to their range of transferable skills. + Students have experienced to expand their CV’s

100school childreninspired

We empowered Bulgarian orphans through interactive workshops. We launched a soap making enterprise which allows the orphans control over their own busi-ness. So far we have fulfilled two orders totalling 350 bars of soap. Production will be 200 bars per month.

Breaking the Circle tackles the vicious circle of childabandonment in Bulgaria. By providing support and transferring knowledge to Bulgarian orphans we can break the circle that prevents them from living a sustainable, independent future.

Breaking the CircleBreaking the Circle

Needs:+ 10,000 children are left in orphanages each year+ They often resort to crime and prostitution to survive

Entrepreneurial approach:+ Developing key transferable skills+ Using eco-friendly ingredients

Empowerment:+ Orphans are given employability sessions and learnbasic, as well as technical, business skills for their CV’s

Impact:+ Elimination of social exclusion+ Commercial awareness and enhanced employability+ Environmental knowledge and business experience

Sustainability:+ Project integrated in to the shelter house package+ Close supervision from the NGO+ Development of strong business networks

Results:+ Initial profit of £350+ Directly impacted and improved 14 orphans+ Successfully fulfilled 2 soap orders

Business and economic concepts:+ 50% of the orphans have found jobs since 2011+ The soap making business increases their income

14orphansinspired

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