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Kingsway School student Jack Hulbert has experienced his first taste of international business success as part of the winning Asia Pacific team in the Global Enterprise Challenge.
The New Zealand competition, which is run by the Young Enterprise Trust and sponsored by Massey University, was held at the university’s Albany campus at the weekend.
Hulbert’s team, mentored by Warehouse Stationery, took out the national contest, and then went on to win the Asia Pacific title. The team was just pipped at the post for the global title by Stuyvesant High School in the United States.
The 2013 Global Enterprise Challenge was to develop a proposal for a sustainable tourism business that uses science and technology to manage environmental issues.
Hulbert’s team developed a business plan for a company called Eco Dive, which would take dive trips on the Bay of Plenty’s Astrolabe Reef, site of the grounding of the Rena container ship.
“The idea was to develop the Rena shipwreck into a diving experience and also use a close-by island as a centre for creating accommodation and other tourism facilities,” says Hulbert.
The business plan also included a contribution of three per cent of profits to the local iwi trust and the ability for customers to transplant coral to replenish the reef and then geo-track the growth of that coral.
Hulbert says the Young Enterprise Trust scheme has been his first experience of business, but he’s now looking seriously at a future in business and entrepreneurship.
“This has really been my first taste of business, but it’s in my family. My family are business people so I’m looking into it as a career,” he says.
He says the feeling of winning the New Zealand competition after 12 hours of hard work was exciting but exhausting, and he developed a lot of new skills.
“It was really exhausting, but we worked really well as a team with our different skills. My role was the marketing and I also came up with the original idea.
“The public speaking stuff has never really been my strength and some of the guys in my team really do it well, so I’ve taken that on board. The other thing I learned was time management skills. I can be a bit of a perfectionist so I had to learn to deal with the pressure of a strict time limit.”
Massey finance lecturer Dr Jeffrey Stangl, who is an international judge for the competition, says it’s amazing to see how the students develop their creative thinking and business acumen over the course of the weekend.
“The students who take part will be the next generation of entrepreneurs and leading our economy into the future,” he says. “Massey University has been a sponsor of the Global Enterprise Challenge for seven years because we feel it’s really important to get involved and give enthusiastic young people access to the university’s finance expertise.”
As part of its support for the event, Massey presented all students taking part in the Global Enterprise Challenge with a $1000 scholarship towards study with the College of Business, and members of the winning team received a $2000 scholarship.
Team New Zealand was made up of:
The team's winning video entry and business plan can be viewed here.
Created: 17/06/2013 | Last updated: 26/06/2013
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