21 Aug
2010
What is the NEA?
It's basically a college on steroids. It's an opportunity open to 16-19 year olds to kick-start their business career. The intention of the NEA is to receive a qualification in business whilst participating in real-life business tasks/scenarios during the programme.
It seems fantastic - It's a great opportunity to get introduced into well-established corporations, receive coaching from industry professionals and also develop confidence for when you are to further your business career as you leave the college.
The advantages also include receiving a BTEC Level 2 / 3 qualification (equivalent to 4 GCSEs and 2 A Levels respectively) in one year which makes it an attractive option even if a NEA candidate was to also decide to go to college to study something more specific to their business. The NEA is a sensible move for a gap year.
Am I signed up?
It's definitely not for me for a number of reasons, it requires attendance 9AM - 5PM every day at the campus, it's not suited for those with existing businesses and that it doesn't allow enough time to withhold a part-time position to be able to finance my flat/living costs.
If it's worth going, you need to be committed and focused at all times because I believe it's a year of intense training.
For me to join the NEA, which I have considered, attended open days and also followed young entrepreneurs who have attended the academy - would require me to hire staff to fulfil current contracts, live off savings and/or cancel proposed business for the near future. All of which I'm not prepared to do this year round and could jeopardise developing my brand. And maybe not even next year. Not to mention the fact that I have never really been suited in education environments.
Who is it for?
If you're 16-19, have a passion to work for yourself or wish to accelerate your business career, have a living arrangement at no obligation/ something that you can easily afford (living with parents is most sensible), don't have any current (serious, perhaps contracted) commitments to current business then the NEA is for you. I ripped this from the website and quite agree with it:
"Entrepreneurs are not born, they are made."
How do I get in?
It is in last stage now and there are now limited places to attend the NEA this year. It's got to the "big audition", where I believe you have to pitch yourself to a panel of judges to get into the last final spaces for this year's NEA. There's one in Manchester on the 2nd September 2010 and one in Buckinghamshire on the 26th August 2010. Both of these link to a Facebook events page. I'm going to be at the Manchester auditions as hopefully I can come along and watch them? (TBC)
The prospectus is available here.