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'The Pitch' - eliminations

pitch
Tuesday, 17th November 2009
Today was a challenging one for ‘The Pitch’ contestants. They attended three workshops designed to give invaluable advice to aid them in their tough task, and then, after all that careful planning, three teams were eliminated.

The first workshop (given by Jon Greenwood, Director of Commercial Services at the university) focused on the challenges faced by on campus businesses and effective ways to overcome these. David Copper, from Team Ebor, said that the workshop was “an inspiring experience which successfully helped [them] towards [their] final business plan”.

The second workshop of the day was hosted by David Leung, lecturer of Accounting and Finance at the York Management School. This event was based on the concepts of profit/loss and cash flow, and the importance of financial planning and budgeting.

The contestants then took part in a workshop given by Andy Jackson, Head of Business Development, based on the key components of a business strategy and how to construct a business plan.

At about 2:30pm the contestants set off to use the knowledge gained in the workshops to refine their own business strategies. The following few hours were vital to the securing of their place in the competition. The teams had to effectively utilise the experience gained in a few hours of workshops to present a business plan that would withstand the scrutiny of the judges.

At 4:00pm the business plans were submitted. Three teams were subsequently eliminated: 3.14, SuSee and Perpetuus. The remaining teams are as follows: Enhance, Ebor, USSR, Networth and High Fliers.

Unfortunately for the eliminated teams, it’s a tough old world out there in campus commercial services: hopefully the remaining teams will be encouraged by their success so far and plan a rescue mission for our bars!

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