The annual Entrepreneurship Mini-Bazaar was held in Singapore Polytechnic on the 5th of December 2015 in conjunction with the New Venture Planning (NVP) module’s Final Presentations.
Many of the guests at this event were members of the Small Medium Business Association (SMBA). Like other invited guests – who include alumni, NVP clients or sponsors, industry contacts, etc. - these SME business owners also sat in as guest judges for the NVP presentations.
To show our appreciation to our guests for taking time to be judges on a Saturday morning, SP Business School gave each guest a set of vouchers that amounted to a total of $50 to spend at the bazaar. So, rather than ‘buy’ each a gift, the school encouraged each guest to select which gift(s) they wanted to ‘purchase’. Thus, this created a platform for students to ‘pitch’ their products/business ideas to the guests. This event was not simply an opportunity for our Entrepreneurship students to sell their products. It was a learning opportunity in itself!
The 10 year three Entrepreneurship student groups at the event consisted of both retail-type businesses, such as Moostry, SCUP, Skwi, That Convenience Store, The Imprint Label, WatchOut and Wood.Pecker while other groups are ‘makers’ - Marshall, Hide and Sleek, Talking About Me (TAM) - who create or handcraft their own products.
The students set up stalls at the open space at SP’s new business block showcasing their array of products, handcrafting their products and decorating the booths with signs and promotions to attract customers
The event gave our students a chance to talk to the guests and present their own respective businesses; something they’ll need to become more familiar with when they grow their businesses and start networking with industry professionals.
Overall, the bazaar was a fruitful event, allowing the Entrepreneurship students to make sales, take some advice from the guests as well as make some networking connections for possible collaboration in the future.