3:01pm Monday 9th February 2009
By Sarah Cosgrove
YOUNG entrepreneurs from Chace Community School were using their best sales pitches on shoppers at Spitalfield Market on Friday as part of a national competition.
The group of pupils have set up a company, Kustomize, and were given the opportunity to trade for a day at the famous market.
Kustomize were up against nine other London schools taking part in the Young Enterprise London Inner City Young Entrepreneurs' Competition. A total of 40 schools are competing.
With the support of their teachers and business volunteers from local communities, the pupils learn through hands on experience what it takes to be an entrepreneur and how to run their own company.
The students elect a board of directors, raise share capital, market, finance and then sell their product and services in their communities.
The sponsors, Deutsche Bank and the London Chamber of Commerce, sent representatives to judge the traders in three categories, along with the Spitalfields market manager.
Kustomize did not win any prizes but the team have the chance to try again at another competition next month.
Charity Young Enterprise London is the UK's largest organisation promoting entrepreneurship to young people in schools throughout the capital.
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