The Plan Your Own Enterprise (PYOE) competition is a national event sponsored every year by CPA Australia (Institute of Charted Accountants) and facilitated by the Business Educators or Australasia (BEA) for Year 11 and 12 students.
The competition challenges students to create a comprehensive business plan for a commercial venture that they would like to one day own and operate. There are two rounds of the competition, a local (state/territory) round where finalists are shortlisted and a national round where the winner is decided.
Lake Tuggeranong College Business (T) student, Jaimee Devenish, entered the competition with a business plan incorporating a natural/organic theme for a cosmetics range called ‘Epi’ (pronounced epee).
All local finalists were interviewed by members of CPA Australia, including qualified charted accountants and highly accomplished business leaders. The competition undoubtedly provides an invaluable learning experience for students – the interview and Q & A session is rigorous with students required to provide considerable justification of their respective business ideas as well as demonstrate general business acumen.
The judges were very impressed by the manner in which all the ACT candidates presented themselves and the depth of insight each candidate brought to their interview.
After the grueling round of interviews, the judges awarded Jaimee Devenish the winner of the ACT round of the Plan Your Own Enterprise competition. Jaimee’s win cements Lake Tuggeranong College as the school of choice for students embarking on business studies.
Jaimee represented the ACT in the national round of the competition last week. Of her experience, Jaimee said ” I was lucky enough to have the opportunity to meet some amazingly talented people and the overall winner, Angus Wither from WA, was very deserving”.
Kudos also goes to LTC Business teacher, Steve Barnard, for his sound leadership of not only Jaimee but all students pursuing Business studies at the college.