Dorset local entrepreneur challenges students to commence their own business with only £10

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Jim Cregan, one out of the two founders of the company Jimmy’s Iced Coffee based in Christchurch, Dorset, has launched a business challenge with pupils at two of Bournemouth’s schools.

After spending time in Australia and returning home to find that the iced coffee he enjoyed so much in the land down under did not exist in the UK, Jim began his entrepreneur’s path when he launched his ice coffee product, which has become a household named and being sold across popular grocery stores and outlets in the UK such as Waitress and Tescos.Jimmy's iced coffee

Jim is the ideal mentor for students at colleges in Bournemouth who are taking part in the Tenner competition; run by Young Enterprise which encourages the youth to start their own business using only a £10 loan.

After kicking off the Tenner Challenge at Avonbourne and Harewood Colleges, Jim is said to have been, “so stoked to have been asked to be part of the Avonbourne Trust Tenner Competition”.

He has further commented that he, “wholeheartedly believes 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 mind-set from early on will give people the best chance of doing something they can be really proud of and call their own.”

Previously, Avonbourne College has triumphantly won the national competition five times in a row, and it will be the first time that their sister school, Harewood College is taking part in the competition.

The Executive principal of Avonbourne Trust, Debbie Godfrey-Phaure, praises the competition saying, “It’s fantastic that we have students from both colleges now entering this competition.

“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.”