Cunningham Coates Stockbrokers, in collaboration with Enda McLernon of Smith & Williamson LLP, returned for another year to their Virtual Chamber of Commerce competition for students. This is a competition which we introduced last year in the Dungannon area whereby two local schools, St Patrick’s Academy, Dungannon and The Royal School, Dungannon took part. Such was the success, we expanded the geographical area to include students of St Patrick’s Grammar School, Armagh.
The competition challenged students to create a business idea and identify its strengths and weaknesses in the current economic environment. They were asked to discuss what opportunities and threats the business may face and how they would ensure the business can weather risks to its profitability. In order to participate, students completed the application form and created a fictional LinkedIn profile with the top two business ideas from each of the three schools forming a Chamber. The best business ideas are not necessarily the most creative but the student’s understanding of that particular business is what we deemed important. For example, this year’s winner was a mobile phone replacement and repair online business, whilst the runner-up was effectively a comparison website (e.g. ‘moneysupermarket.com’) for ladies clothing.
The Chamber meeting was chaired by Ciaran Preshur (Investment manager at Cunningham Coates Stockbrokers) and his co-judges included David Cumming (associate director at Cunningham Coates Stockbrokers) and Enda McLernon (partner at Smith & Williamson LLP).
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
Cunningham Coates Stockbrokers
a trading name of Smith & Williamson Investment Management LLP. Authorised and regulated by the Financial Conduct Authority.
Smith & Williamson LLP
Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International
The word partner is used to refer to a member of Smith & Williamson LLP.