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SIFE – Students in Free Enterprise A global network of business executives, academic leaders and university students, bringing economic opportunity to others. What is SIFE?. Founded in the USA in 1975, SIFE is a global, non-profit organisation that:
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SIFE – Students in Free Enterprise A global network of business executives, academic leaders and university students, bringing economic opportunity to others
What is SIFE? • Founded in the USA in 1975, SIFE is a global, non-profit organisation that: • Works with students in 1,500 universities across 47 countries • Mobilizes university students to create economic opportunity for others while discovering their own full potential • “Give me a fish, I will eat for a day; teach me to fish and I will eat for a lifetime.” • The global expansion of SIFE has taken place since 1996. • Competition Process Region (2006 Figures) Countries Universities Africa 11 88 Asia 9 411 Central Asia 5 86 Europe 13 203 Latin America & Mexico 7 90 North America 2 959 TOTAL 47 1837
How does SIFE work? 2. The teams design and implementtheir own projects 1. Students form a SIFE team • Students form a SIFE team
How does SIFE work? 3. Each team is advised by local business anduniversity advisers • Students form a SIFE team • The teams design and implement their own projects
How does SIFE work? 4. The projects create economic opportunityfor others • Students form a SIFE team • The teams design and implement their own projects • Each team is advised by local business and university advisers
How does SIFE work? 5. Each year, teams present their projects in aNational Competition • Students form a SIFE team • The teams design and implement their own projects • Each team is advised by local business and university advisers • The projects create economic opportunity for others
How does SIFE work? 6. The National Champions represent theircountry at the SIFE World Cup • Students form a SIFE team • The teams design and implement their own projects • Each team is advised by local business and university advisers • The projects create economic opportunity for others • Each year, teams present their projects in a National Competition
What are the benefits of doing SIFE to students? 1. To make a lasting impact on other people’s lives
What are the benefits of doing SIFE to students? 1. To make a lasting impact on other people’s lives • 2. Networking
What are the benefits of doing SIFE to students? 1. To make a lasting impact on other people’s lives 2. Networking • 3. To develop your skills The Times, 7th February 2006 “Britain’s biggest companies gave warning last night that, despite a record number of graduates entering the job market, many will lack the basic skills needed for employment”
What are the benefits of doing SIFE to students? 1. To make a lasting impact on other people’s lives 2. Networking 3. To develop your skills • 4. To Improve your career prospects
“We're interested in SIFE students because of the strong leadership experience & skills learned throughout your projects and we offer many ways to begin a rewarding career with HSBC.”
Team Leader Training: HBOS; September 2008
SIFE UK Leadership Weekend 2005 17 Universities - 70 Students
SIFE UK Leadership Weekend 2008 36 Universities - 320+ Students
Environmental Sustainability Environmental Sustainability Personal Success Skills Personal Success Skills FinancialLiteracy Financial Literacy Business Ethics Business Ethics Market Economics Market Economics Entrepreneurship Entrepreneurship Ensures the sustainability of the projects What does a SIFE team do? Assigns roles Develops a team Mission Sets goals and Objectives Develops projects – create economic opportunity Presents at the SIFE National Competition
Environmental Sustainability Personal Success Skills Financial Literacy Business Ethics Market Economics Entrepreneurship 6 SIFE principles SIFE projects create economic opportunity by teaching one or more
SIFE City – project example • SIFE City challenged a group of young women to run their own business venture. At the end of the programme they presented the outcome of their business to a panel of business leaders. • Community?Young women at Charles Edward school in Lambeth at risk of exclusion • Partner? Prince’s Trust • Principles taught?Market Economics,Entrepreneurship,Financial Literacy • How?Using participatory games, activities and a business plan competition
Entrepreneurof my Dreams profiles FUNNY pictures!! Seen on TV Motivation Thought Provoking
SIFE Support Service Liverpool • What?Business growth in Liverpool is only 1.2%, compared to the national average of 7.4% - a statistic that SIFE Liverpool wanted to combat. They acted as a business consultants for four local restaurants and worked with them to become more successful. • How?Developing the business skills of the proprietors by educating them in target marketing; book keeping; ethical product sourcing etc. They also organised a ‘Culture Fusion’ Event earning each restaurant £200 for 2 hours of service. • Principles taught?Market Economics, Personal Success Skills,Entrepreneurship,Financial Literacy & Business Ethics
Nottingham Beevelop Project • SIFE Nottingham have taught a group of adults in Ghana how to produce, market and sell honey. • Community?Unemployed adults in Ghana • Partners?Accra SIFE team & various Bee keeping experts in UK & Ghana • Principles taught?Market Economics, Personal Success Skills,Entrepreneurship,Financial Literacy & Business Ethics
SIFE National Competition An unmatched opportunity for SIFE Students to • Display their work to Businesspeople from around the UK • Share their experiences with other Students • Learn about how to develop their projects • Network with potential employers • Be rewarded for their hard work over the past months • Represent their country at The SIFE World Cup