Robin Walker gives advice to business students

Photo (l to r) Matthew Hawkins, Business BTEC Level 3 student at Worcester Sixth Form College, and Worcester MP Robin Walker.

Photo (l to r) Matthew Hawkins, Business BTEC Level 3 student at Worcester Sixth Form College, and Worcester MP Robin Walker.

First published in News

A Worcester MP has listened to students' plans for a business start-up.

Robin Walker visited a group of Business BTEC Level 3 students at Worcester Sixth Form College as part of their assessed work for their BTEC course.

Sue Viner, teacher of business at the college, said: “Robin asked insightful and challenging questions of the students which required careful consideration and an immediate response.

"This was a valuable opportunity for the students to think on their feet, a skill that they will need to utilise in the business world.”

Mr Walker also offered the students advice which made them consider their pricing strategies and the potentially large expenditure that their new businesses would have.

Mr Walker said: “As a member of the business, innovation and skills select committee, I was delighted to visit one of the local FE colleges in my constituency to support the development of the entrepreneurs of the future.

"At the heart of any successful business is a coherent plan and pricing strategy, and I was glad to be able to support the development of the students with focused questions on the realities of their chosen products or services.

"I was very impressed with the enthusiasm of the students and their understanding of the need to manage cash flow as they sought to grow their businesses, as someone who started their own business, I know how vital this can be.”

Matthew Hawkins presented a business idea to create a piece of software that would allow a business to move its resources around more efficiently.

However, after finding it would not be practical to aim the product at larger manufacturers, he decided to target smaller developing businesses with the help of a partner to create the software.

Matthew said: “Overall, the experience of making my own product/service has been very enjoyable and has given me a useful insight into what it would be like to set up a business. It has also allowed me to develop my presenting skills which will be very valuable in the future.”

Comments (4)

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2:57pm Fri 14 Mar 14

PrivateSi says...

Don't vote for Conservatives, Liberals or Labour... There's some business advice... Pro British Workers Business Advice...
Don't vote for Conservatives, Liberals or Labour... There's some business advice... Pro British Workers Business Advice... PrivateSi
  • Score: 0

3:09pm Fri 14 Mar 14

PrivateSi says...

5 million people are paid below the LIVING WAGE and pay virtually no tax... This is a recipe for a BANKRUPT GOVERNMENT / TREASURY... An embarrassment is business terms... Not fit for purpose and only still in existence because it is The Power That BE's wrong, Grammar Schoolers..

Businesses are going to have to UP THEIR GAME, wage-wise soon or we've got no chance - and who's in charge of The Minimum Wage? Part of the solution to the minimum wage problem is EmployER National Insurance at 0% at minimum wage to 10% at minimum wage x 100+ (£1.2 million+, including BONUSES)... If you know how the present Employer National Insurance works you know this will help businesses that pay their staff well, within normal bounds but will TAX THE VERY RICH more...
5 million people are paid below the LIVING WAGE and pay virtually no tax... This is a recipe for a BANKRUPT GOVERNMENT / TREASURY... An embarrassment is business terms... Not fit for purpose and only still in existence because it is The Power That BE's wrong, Grammar Schoolers.. Businesses are going to have to UP THEIR GAME, wage-wise soon or we've got no chance - and who's in charge of The Minimum Wage? Part of the solution to the minimum wage problem is EmployER National Insurance at 0% at minimum wage to 10% at minimum wage x 100+ (£1.2 million+, including BONUSES)... If you know how the present Employer National Insurance works you know this will help businesses that pay their staff well, within normal bounds but will TAX THE VERY RICH more... PrivateSi
  • Score: 0

6:34am Sat 15 Mar 14

andrewalpert4 says...

This is a another good source of learning for students. Cousrwork Labs
This is a another good source of learning for students. Cousrwork Labs andrewalpert4
  • Score: 1

1:54pm Sat 15 Mar 14

PrivateSi says...

My favourite made up tax of the week as part of the transition to a 25% FLAT RATE INCOME TAX is a PROGRESSIVE EmployER National Insurance from 0% at minimum wage- to 10% at Minimum Wage x 100 (£1.2 million) on ALL WAGES...

If you look at the present system that punishes the poor, let's off the rich and has more complexity and thresholds than a (insert extreme analogy here)... A disgrace.

This is so we can raise the Minimum Wage and make EVERYONE pay tax - at the moment, for instance, you can migrate here for 10 months, full time on minimum, wage, then leave, having paid virtually nothing...

We need a 10% tax on ALL WAGES up to a raised current minimum Income Tax band Threshold (ie. from £10,000 for the 20% rate to £20,000) - and we can RAISE THE 40% THRESHOLD TOO... This is just TRANSITIONAL, the whole stepped system STINKS, Progressives & Flat-Liners!
My favourite made up tax of the week as part of the transition to a 25% FLAT RATE INCOME TAX is a PROGRESSIVE EmployER National Insurance from 0% at minimum wage- to 10% at Minimum Wage x 100 (£1.2 million) on ALL WAGES... If you look at the present system that punishes the poor, let's off the rich and has more complexity and thresholds than a (insert extreme analogy here)... A disgrace. This is so we can raise the Minimum Wage and make EVERYONE pay tax - at the moment, for instance, you can migrate here for 10 months, full time on minimum, wage, then leave, having paid virtually nothing... We need a 10% tax on ALL WAGES up to a raised current minimum Income Tax band Threshold (ie. from £10,000 for the 20% rate to £20,000) - and we can RAISE THE 40% THRESHOLD TOO... This is just TRANSITIONAL, the whole stepped system STINKS, Progressives & Flat-Liners! PrivateSi
  • Score: 0

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