Students from the University of Chester are “adding” to their experience when it comes to setting up in business by teaming up with our accountancy practice.
Senior Accountant John Farrell is offering drop in sessions to students hoping to get their business ideas off the ground.
The initiative forms part of the University’s ‘Venture3’ programme which aims to support budding entrepreneurs; ultimately providing office space to students with the best business ideas at the Riverside Innovation Centre (RIC).
Venture 3 gives students the opportunity to ‘Create’ a business idea and ‘Collaborate’ with business professionals like John to ‘Accelerate’ it into reality.
John has been using his financial and business background to help students test and improve their ideas as part of three drop in sessions named ‘‘Collaborate’ events, with the last one scheduled to take place in June.
Students approaching John with business ideas include Terri Ann Hayes, 23, a self-employed drama teacher and Hannah and Beki McGee, 25, who are launching a luxury swimwear label ‘HALF-AN-EGG’ for Spring/Summer 2016.
Josh Moffat, 24, also hopes to be successful and is designing an innovative surfboard.
Successful candidates will get the opportunity to carry out a pitch demonstrating why their business idea is worthy of free ‘Acceleration’ office space within the RIC in June.
They will also pitch for funding as well as on going business support from professionals like John.
John also plans to carry out a 45 minute presentation to students around what service you should receive from your accountant as part of the ’Accelerate’ programme.
“I’m delighted to be involved in this project for the second year running as I love hearing students speak about their innovative business ideas,” said John.
“I will be talking to students about topics such as tax, bookkeeping and accounts to help turn their business dreams into a reality.”
Kirsty Badrock, Innovation Enterprise Co-ordinator at the University of Chester, said: “We are extremely appreciative of, and grateful for, the support Ellis & Co. offer at all stages of our Venture programme.
"The one-to-one sessions allow students the opportunity to ask for invaluable advice and guidance during the initial stages of starting up their business, and fully understand what they need to do when they become self-employed.”