BizWorld workshops are delivered in the classroom over a two-day period by specially-trained BizWorld Ireland tutors. They are usually targeted at fifth class pupils.
The workshops teach the basics of entrepreneurship, business and finance by showing how the entrepreneurial cycle operates. Working in groups of five, pupils develop their own mini-enterprise, so they get a real feel for how a business operates / hands-on business experience.
Pupils are taken through the entire entrepreneurial cycle – from company formation and applying for jobs in their companies, to market research with younger classes in the school, and then designing, producing and marketing their business idea.
They learn about pitching for investment and – to bring the workshop to another level – they are visited by a business person who will play the role of venture capitalist and have the opportunity to pitch, ‘Dragon’s Den’ style! This is usually a local businessperson, who hears each company’s pitch and decides how much ‘BizBucks’ to invest in their company.
As each workshop runs in fifth class but involves fourth class on Day One and more so on Day Two, each workshop impacts on circa 60 children.
Their hands-on experience culminates in the balancing of each company’s finance ledger after their companies are launched in the classroom on Day Two. The best business idea from the class is automatically entered into the annual BIZ Factor competition.
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The BizWorld Ireland programme is comprised of two distinct phases:
- A two-day BizWorld workshop, delivered in a classroom setting by a specially-trained BizWorld Ireland tutor. During the workshop, classes are split into groups and each group develops their own mini enterprise. At the end of the workshop, they get to pitch their business ideas to a visiting ‘Dragon’, usually a representative from the local business community.
- The BIZ Factor competition, where enterprises developed in schools throughout Ireland compete against each other to win the coveted ‘BizWorld Enterprise of the Year’ award.