Next generation of entrepreneurs

Jimmy Cregan of Jimmy's Iced Coffee joins pupils from Avonbourne and Harewood Colleges to officially launch their Tenner competition.

Jimmy Cregan of Jimmy’s Iced Coffee joins pupils from Avonbourne and Harewood Colleges to officially launch their Tenner competition.

A ‘rapping’ Dorset entrepreneur is inspiring local students to ‘mocha’ lots of money. Jimmy Cregan , of Jimmy’s Iced Coffee fame,  has officially launched the Tenner competition at Avonbourne and Harewood Colleges in Bournemouth. The self-styled ‘Duke of Entrepreneurial Pursuit’ performed a rap to the students about how he turned his love of iced coffee into a profitable national business. Following that inspirational performance the participating students were all loaned £10 each and challenged to turn their business dreams into reality and a tenner into profit. Jimmy, who runs his business from Christchurch and has sold his drink to outlets such as Tesco, Sainsbury’s and Waitrose, said: “I’m so stoked to have been asked to be part of the Avonbourne Trust Tenner Competition. “I wholeheartedly believe that in this day and age, people of all ages should be encouraged to be entrepreneurial. It’s a truly brilliant way to make one understand and realise that there is a whole world out there when it comes to business and you don’t have to just get a job working for someone else for your whole life. “Instilling this mindset from early on will give people the best chance of doing something they can be really proud of and call their own.” The Tenner competition is run by Young Enterprise and encourages young people to start up their own businesses using a £10 loan. Avonbourne College, as recently reported in the Daily Mail, has won this national competition five times in a row – prompting Tenner founder and entrepreneur, Oli Barrett MBE, to say: “Avonbourne, it’s got to be one of the most enterprising colleges in the country!” And for the first time, Avonbourne’s sister school Harewood College is entering the fray. Executive principal of Avonbourne Trust, Debbie Godfrey-Phaure, said: “It’s fantastic that we have students from both colleges now entering this competition. “We have doubled the number of £10 loans available and we are really looking forward to seeing our students rise to the challenge. “In previous years we have done incredibly well in this competition and have seen our students use their business acumen to turn a humble tenner into thousands – and all for good causes. “I wish all this year’s entries the very best of luck.” This year there are 150 participants from Avonbourne and Harewood bidding to be shortlisted for the national finals and all are aiming to make profit for good causes. Three entries will be chosen from each college and their bids submitted to the national Tenner competition judges.   Note to editors: For more information please contact Rachel Read, account director at Deep South Media, on 01202 534487.